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.
A Federal High Court has revoked the bail earlier granted to former Attorney-General of the…
Forensic specialists have recovered 105 bodies from mass graves in Yelwata, marking a significant development…
The Supreme Council for Sharia in Nigeria (SCSN) has firmly dismissed reported calls by some…
Ahmadu Umaru Fintiri, the Governor of Adamawa State, has officially left the Peoples Democratic Party…
Tragedy struck in Ogun State after a worker attached to the state’s planning authority was…
President Bola Tinubu hosted a select group of senators for an Iftar dinner at the…