Trapped Airlines Funds

CBN Releases $265m Out of Trapped Foreign Airlines’ Funds

Aug 27, 2022. by Ekohot Editor

CBN Releases $265m Out of Trapped Foreign Airlines’ Funds EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has released the sum of $265 million to airlines operating in the country to settle outstanding ticket sales in an apparent move to check a brewing crisis in the country’s aviation sector. A … Read more

British Airways Mulls Suspension Of Operations Over Trapped Funds

Aug 26, 2022. by Ekohot Editor

British Airways Mulls Suspension Of Operations Over Trapped Funds EKO HOT BLOG reports that as the issue of trapped $464m foreign airlines’ funds lingers, British Airways may stop flying to Nigeria as from December 1, 2022. The United Kingdom airline this morning closed inventory which means travel agents would not be able to … Read more