NewsNigeriaTransportationNigeria Clears 98% of Trapped Airline Funds, IATA Reports
The International Air Transport Association, IATA, has commended the Nigerian government for resolving a major issue that had been impacting airlines. According to IATA, Nigeria has successfully cleared 98 per cent of the funds previously trapped in the country, which had significantly hampered airlines’ operations. At its peak in June 2023, the amount of blocked airline funds in Nigeria reached a staggering US$850 million. This made it difficult for airlines to repatriate their earnings in...