Emirates Airline Suspends Flights To Nigeria
Emirates Arline has suspended flight operations to Nigeria due to its inability to send home funds stuck in the country.
This was contained in a statement the airline issued on Thursday.
The statement added that the suspension became effective on October 29, 2022. This marks the second time the airline will stop flights to Nigeria over its $85 million revenue, with the first coming in August 2022.
It follows the inability of foreign airlines to send home their revenue of over $500 million.
Despite Nigeria’s foreign exchange crisis which has made it hard for revenue to be repatriated, the federal government released $265 million to foreign airlines operating in the country to offset outstanding ticket sales.
The Central Bank of Nigeria, CBN, released a further $120 milli...