This report just coming in stipulates that The United Arab Emirates (UAE) carrier, has suspended its flights to Nigeria indefinitely, citing its trapped funds in Nigeria.
It also said it was yet to get its allocation from the $260m released by the Central Bank of Nigeria (CBN) to clear part of the blocked funds belonging to foreign airlines.
You will recall that Emirates had suspended its flight on September 1 but reinstated it after the CBN announced the release of $260 million dollars to clear part of the outstanding funds now estimated to over $700 million dollars.
You will recall also that this flight suspension occurred a week after the UAE authorities suspended visa issuance to Nigerians visiting Dubai, which has further reduced the load factors of airlines.
