Nigeria: No Naira Setllement

Of the roughly $5bn in trapped ticket sales that IATA says is awaiting repatriation, about $600m is in Nigeria, the most in any country bar Venezuela. Foreign airlines have struggled to access their Nigerian sales since November last year due to a shortage of dollars in the local banking system...
Alex Derber

Alex Derber, a UK-based aviation journalist, is editor of the Engine Yearbook and a contributor to Aviation Week and Inside MRO.

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