Emirates Airline has for the second time this year, suspended flight operations to Nigeria.
The decision, it says, follows its inability to repatriate funds trapped in the country to the tune of $85 million.
Flights to Nigeria were cancelled for the same reason in August 2022.
In a statement on Thursday, the airline said the suspension took effect from October, 29 2022.
Foreign airlines have been struggling to repatriate their earnings of more than $500 million as a result of the country’s foreign exchange crisis which has made it difficult for the funds to be repatriated.
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Weeks ago, the federal government, through the Central Bank of Nigeria (CBN), released $265 million to airlines operating in the country to settle outstanding ticket sales.
The CBN had after series of negotiations with stakeholders, promised to release another $120 million to the international carriers to offset part of the trapped funds by the end of October.
Emirates, however said the CBN was yet to make good the promise.
It, therefore, resolved to suspend both inbound and outbound Nigerian flight operations.
Source: 21ST century chronicle
