Nigeria Tops List Of Countries Withholding Airline Funds, Owes $743m-IATA
LAGOS MARCH 16TH (NEWSRANGERS)-Nigeria is withholding $743 million in revenue earned by international carriers operating in the country, the highest amount owed by any nation, a spokesperson for the global airlines industry association said on Thursday. Nigeria faces severe shortages of foreign currency, leading to restrictions on imports and meaning investors cannot convert local currency…
