Starting yesterday (September 11, 2022), Emirates resumed its flights to/from Lagos following the disbursement of part of its blocked funds by the Central Bank of Nigeria (CBN).
Recall that Emirates previously announced that it has suspended all its flights in and out of Nigeria effective from September 1, 2022, due to its inability to repatriate $85 million stuck in Nigeria.
A few days after the airline made this announcement and backlash from the international aviation community, the CBN released $265 million out of the total $464 million in trapped funds to foreign airlines. According to the CBN, the funds will enable the airlines to settle outstanding ticket sales.
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Last updated: December 21, 2024
