•Kamil Al-Awadhi Nigeria has again been confirmed as the topmost indebted country to foreign airlines globally in far away Geneva, Switzerland. The Regional Vice President for Africa and the Middle East (AME) for IATA, Kamil Al-Awadhi, revealed this during an interactive session with journalists across Africa at the two days Global Media Day h...
Against the backdrop of more exits from ground operations in Nigeria by more multinational companies, Nigeria’s economy is expected to lose $335 million (about N310bn) in Foreign Direct Investments, FDI. The amount represents the combined asset value of the two latest exit announcements by Procter & Gamble, P&G, a major global player i...
Despite the claim by the federal governÂment that it has commenced the payment of some of the foreign airlines’ trapped funds in the country, it can be said authoritatively that no carrier has received any amount of money from the government. It can also be said that the total trapped fund of foreign airlines in […]
The regime of crazy fares Nigerians have been subjected to by the foreign carriers operating in the country may soon be reviewed downwards as the federal government, through the Central Bank of Nigeria, has commenced part payment of over $800 million trapped funds of the airlines. This came just as the information reaching this paper […...

