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BD Insider, Letter 126

BD Insider, Letter 126 examines Emirates flight suspension in Nigeria, Visa's expansion into Congo and Microtraction's community fund.
8 minute read
BD Insider, Letter 126
Photo: Emirates suspends all its flights in and out of Nigeria, effective 1 September 2022

Effective September 1, 2022, Emirates will suspend all its flights in and out of Nigeria. This announcement follows its inability to repatriate $85 million stuck in Nigeria. Since the announcement, several tech entrepreneurs and other Nigerians took to social media to share screenshots of their flight cancellations.

Nigeria has restricted access to foreign currency for imports and for investors seeking to repatriate their profits due to a shortage of dollars. Emirates said it would re-evaluate its decision if the situation over the blocked funds changed in the coming days. In the meantime, travellers will have to look for alternatives.

It’s been a rough year for the aviation industry in Nigeria. In May 2022, a number of domestic airlines suspended flights due to soaring jet fuel prices.

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Last updated: January 19, 2026

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