Headline
Emirates Suspend Flights To Nigeria, See New Reason
Emirates Suspend Flights To Nigeria, See New Reason
Emirates Airlines have announced the suspension of flights to Nigeria blaming the decision on the inability to repatriate its revenue from the country as the cause. It said that the measure came into effect on October 29.
In a statement by the airline on Thursday said it had no option but to suspend flights to and from Nigeria to mitigate further losses.
Recall that the move by the airline followed a failed intervention by the Central Bank of Nigeria to resolve the issue of trapped aviation funds less than three months after it had earlier suspended its flights to the nation in August over the inability to repatriate $85 million in revenue.
The statement read in part, “Emirates has continued to actively seek a solution for the repatriation of the remainder of its blocked funds in Nigeria. We were encouraged by the Central Bank of Nigeria’s efforts of reviewing our request, and considered that this critical issue would be swiftly resolved with the subsequent clearance of our remaining funds.
“Under these extraordinary circumstances, Emirates had no option but to suspend flights to/from Nigeria from October 29 2022 to mitigate against further losses moving forward”.
-
Headline7 days ago
BREAKING: Facebook, WhatsApp And Instagram To Launch Monetization Program In Nigeria From June 2024
-
Brands and Marketing1 week ago
JUST IN: Zenith Bank Appoints Adaora Umeoji As New GMD/CEO
-
Education6 days ago
UPDATED: WAEC Announces Results For First CB-WASSCE Exam
-
Headline1 week ago
Ex-Brazil Star Robinho Handed Nine-year Rape Sentence
-
Headline1 week ago
BREAKING: Tension In CBN Over Allege Sack Of Top Directors
-
Entertainment4 days ago
BREAKING: Popular Nollywood Actor Amaechi Muonagor Is Dead
-
Headline1 week ago
BREAKING: Supreme Court Hands Victory To Texas, Setback To Biden’s Administration On Immigration
-
Headline5 days ago
UPDATED: Russian President Vladimir Putin Labels ‘LGBT Movement’ As Extremist And Terrorist Organizations
-
Headline4 days ago
JUST IN: NIMC Introduces Mobile App To Facilitate Data Update
-
Headline1 week ago
JUST IN: Senate Approves N1.282trn FCT 2024 Budget