Index to Nigerian Newspapers

Foreign Airlines trapped funds across the globe have skyrocketed to $2.27billion in April 2023 from the initial $1.55billion in April 2022. Nigeria topped the most indebted five countries with $812.2 million, followed by Bangladesh with $214 million debts, Algeria with $196.3 million, Pakistan with $188.2 million and Lebanon with $141.2 million. The IATA DG declared that airlines cannot continue to offer services in markets where they are unable to repatriate the revenues arising from their commercial activities in those markets. The Governor of Enugu State has declared an end to sit-at-home in the state effective from June 5, 2023. IATA urged governments to abide by international agreements and treaty obligations to enable airlines to repatriate funds arising from the sale of tickets, cargo space, and other activities.