National

Emirates Airlines Suspends Flights to Nigeria Over Unpaid Funds.

todayNovember 4, 2022 8

Background
share close

Emirates Airlines has suspended flight operations to Nigeria over its inability to repatriate blocked funds and it has communicated its position to the Federal Government and the Central Bank of Nigeria CBN

The airline in a statement yesterday said the suspension took effect from October 29, 2022, to mitigate against further losses moving forward.

Emirates had in August suspended flights to Nigeria over its 85 million dollars blocked revenue, while the International Air Transport Association IATA also said foreign airlines have not been unable to repatriate 464 million dollars from Nigeria.

Governor of the CBN, Godwin Emefiele subsequently promised to release 265 million dollars to foreign airlines to offset part of the trapped funds but Emirates said they are yet to receive an allocation of their blocked funds to be repatriated.

Written by: urbanradio042

Rate it

Previous post

Entertainment

Vector Set to Release the anticipated album ‘Teslim’.

Nigerian super-talented rapper Vector will release his highly anticipated album Teslim on the 11th of November 2022 In expectation of the release, he created Lafiaji Radio, a podcast channel that was recently established on YouTube, which challenges the social-political norm of viewing African history or practices as uncivilized to reawaken the African psyche. Additionally, he recorded two tracks with Wande Coal and Cracker Mallo, titled Mama Maradona and 'Insomnia.' Numerous artists, includingNasty C, Ladipoe, Seyi Vibez, Good Girl La, and many more, are included in the album. The […]

todayNovember 3, 2022 39

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0%