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Foreign Airlines’ Trapped Funds In Nigeria Hit N117bn
The International Air Transport Association has said that the total foreign airlines’ fund trapped in Nigeria has increased to $283million (about N117.6bn). This is an increase from $147 million (N61 billion) which it recorded in August 2021. Finding showed that the money accumulated from the sale of tickets by about 30 airlines flying to the…
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Nigeria Records Growth in Cargo Movement
According to statistics from the Federal Airports Authority of Nigeria (FAAN) on passenger, cargo and aircraft movement, in the first six months of 2021, Nigeria recorded a total of 126, 541, 949 kg of air cargo. This is made up of 112, 949, 463. 51 kg of imports and 13, 592, 486.12 kg of exports.…
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Domestic Aircraft Movement Drops by 28.5%
Data from the Nigerian Civil Aviation Authority have shown that the harmonised domestic aircraft movement in Nigeria slumped by 28.5 percent in 2020. NCAA data, the air industry apex regulator, showed that there was a steady increase in the aircraft movement from 2017 to 2019 at the airports, including Lagos, Abuja, Port Harcourt, Enugu, and…