icon 0

EDUCATION NIGERIA TOPS LIST OF 27 COUNTRIES WITH $2 BILLION TRAPPED AIRLINES FUNDS GLOBALLY

Nigeria Tops List Of 27 Countries With $2 Billion Trapped Airlines Funds Globally

Nigeria Tops List Of 27 Countries With $2 Billion Trapped Airlines Funds Globally

Trapped funds belonging to foreign airlines have risen by more than 25 per cent ($394 million) in the last six months, according to The International Air Transport Association (IATA).

IATA disclosed this in a report released on Tuesday, mentioning Nigeria, Pakistan, Bangladesh, Lebanon, and Algeria as the contributors of these trapped funds.

Nigeria has $551 million, Pakistan has $225 million, Bangladesh has $208 million, Lebanon has $144 million, and Algeria has $140 million.

The report reads: The International Air Transport Association (IATA) warned that the amount of airline funds for repatriation being blocked by governments has risen by more than 25% ($394 million) in the last six months.

Total funds blocked now tally at close to $2.0 billion. IATA calls on governments to remove all barriers to airlines repatriating their revenues from ticket sales and other activities, in line with international agreements and treaty obligations.

IATA is also renewing its calls on Venezuela to settle the $3.8 billion of airline funds that have been blocked from repatriation since 2016 when the last authorization for limited repatriation of funds was allowed by the Venezuelan government.

Preventing airlines from repatriating funds may appear to be an easy way to shore up depleted treasuries, but ultimately the local economy will pay a high price. No business can sustain providing service if they cannot get paid and this is no different for airlines.

Air links are a vital economic catalyst. Enabling the efficient repatriation of revenues is a critical for any economy to remain globally connected to markets and supply chains, said Willie Walsh, IATAs Director General.

Airline funds are being blocked from repatriation in more than 27 countries and territories, the report added.

The total amount of airline funds barred from repatriation in Nigeria is $551 million. In March 2020, demand for foreign currency in the country outpaced supply, and the country's banks were unable to service currency repatriations.

Despite these challenges, Nigerian authorities have engaged with the airlines and are working with the industry to find ways to release the funds.

The organisation also requested that Venezuela pay the $3.8 billion in airline funds that have been frozen since 2016 when the Venezuelan government granted the last authorization for limited repatriation of funds.

The report continued: Airlines have also restarted efforts to recover the $3.8 billion of unrepatriated airline revenues in Venezuela. There have been no approvals of repatriation of these airline funds since early 2016 and connectivity to Venezuela has dwindled to a handful of airlines selling tickets primarily outside the country. In fact, between 2016 and 2019 (the last normal year before COVID-19) connectivity to/from Venezuela plummeted by 62%. Venezuela is now looking to bolster tourism as part of its COVID-19 economic recovery plan and is seeking airlines to restart or expand air services to/from Venezuela. Success will be much more likely if Venezuela is able to instill confidence in the market by expeditiously settling past debts and providing concrete assurances that airlines will not face any blockages to future repatriation of funds.


Please help us share this, using our share botton.
Bookmark Our website https://wap.org.ng


Author: adex3g 4 months
0 41


Related post!

FACTS ABOUT AFRICAN FOOTBALL
FACTS ABOUT AFRICAN FOOTBALL
FACTS ABOUT AFRICAN FOOTBALL

1. Nigeria Has Produced More World Class Players Than Any Other Nation In Africa

2. Cameroon Has Produced More African Player Of The Year Winners Than Any Other Nation In Africa

3....

Author: adex3gadex3g 1 month
Comment 0 . Views 48

Please we need your reply to this topic.
Login or Register

EDUCATIONLast 40 Post List

OSINBAJO DELIVERS LECTURE AT KINGS COLLEGE IN UK
Osinbajo Delivers Lecture At Kings College in UK
PHOTOS: Osinbajo Delivers Lecture At Kings College In UK

Vice President Yemi Osinbajo Delivered A Public Lecture At The Kings College London Annual Africa Week 2023 In The United Kingdom On Monday.

A Presidential Aide, Buhari...read more
Author: adex3gadex3g 1 day
Comment 0 . Views 10
10 LESSONS FROM STILLNESS IS THE KEY BY RYAN HOLIDAY
10 LESSONS FROM STILLNESS IS THE KEY BY RYAN HOLIDAY
10 LESSONS FROM STILLNESS IS THE KEY BY RYAN HOLIDAY

1. Stillness Is When You're At Peace With Yourself. When No Noise Reaches You And No Emotion Disturbs You.

2. The Important Stuff Will Remain Important By The Time You...read more
Author: adex3gadex3g 3 days
Comment 0 . Views 10
TOP 15 LESSONS FROM THE BOOK STOP OVERTHINKING
Top 15 Lessons From the Book Stop Overthinking
Top 15 Lessons From The Book Stop Overthinking

Book Review

1. What Exactly Is Overthinking?

Overthinking Is When You Excessively Analyze, Evaluate, Ruminate, And Worry About Certain Things To A Point Where...read more
Author: adex3gadex3g 3 days
Comment 0 . Views 5
TOP 5 LESSONS LEARNED FROM THE BOOK -THE MIRACLE MORNING THAT WILL TRANSFORM YOUR LIFE
Top 5 Lessons learned From The Book -The Miracle Morning That Will Transform Your Life
Top 5 Lessons Learned From The Book -The Miracle Morning That Will Transform Your Life

Practice 1: Silence
Center Yourself By Starting Your Morning With Purposeful Silence. Take This Practice To The Next Level By Combining It With...read more
Author: adex3gadex3g 3 days
Comment 0 . Views 5
10 QUOTES ABOUT FOCUS AS A SUPERPOWER
10 QUOTES ABOUT FOCUS AS A SUPERPOWER
10 QUOTES ABOUT FOCUS AS A SUPERPOWER

1. "Focus Is The Key That Unlocks The Door To Success." - Unknown

2. "The Ability To Focus Is A Superpower. It Is What Sets Apart The Achievers From The Dreamers." - Unknown
read more
Author: adex3gadex3g 3 days
Comment 0 . Views 19
EASY STEPS TO SEE AND APPLY FOR A SCHOLARSHIP ABROAD
EASY STEPS TO SEE AND APPLY FOR A SCHOLARSHIP ABROAD
EASY STEPS TO SEE AND APPLY FOR A SCHOLARSHIP ABROAD.

Here Are Some Easy Steps If Youre Actively Searching For Scholarships Online:

1. On Google Search, Type In The Keywords: Food And Nutrition Scholarships For International...read more
Author: adex3gadex3g 3 days
Comment 0 . Views 8
10 FULLY FUNDED SCHOLARSHIPS IN THE UK
10 Fully Funded Scholarships In The UK

Getting A Scholarship For Studying In The UK Is A Dream For Many Students Across The World. The United Kingdom Has Some Of The Best Universities And Institutions Of Higher Learning Globally. However,...read more
Author: adex3gadex3g 3 days
Comment 0 . Views 7
6 FULLY FUNDED SCHOLARSHIPS IN AUSTRALIA
6 Fully Funded Scholarships In Australia

Studying Abroad Can Be An Incredible Opportunity For Personal Growth And Career Advancement, But It Can Also Come With A Hefty Price Tag. That's Why Scholarships Are A Popular Option For Many Students...read more
Author: adex3gadex3g 3 days
Comment 0 . Views 9
TOP 10 LESSONS LEARNED FROM THE BOOK "THE WAY OF THE SUPERIOR MAN"
Top 10 Lessons  learned From The Book
Top 10 Lessons Learned From The Book "The Way Of The Superior Man"

1. Search For Freedom

The Primary Motive Of A Masculine Man Is Freedom And Purpose.

Everything He Does Gets Him One Step Closer. It's His...read more
Author: adex3gadex3g 4 days
Comment 0 . Views 8
A JOURNALIST ASKS CRISTIANO RONALDO: "WHY DOES YOUR MOTHER STILL LIVE WITH YOU? WHY DON'T YOU BUILD HER A HOUSE?"
A journalist asks Cristiano Ronaldo:
A Journalist Asks Cristiano Ronaldo:
"Why Does Your Mother Still Live With You? Why Don't You Build Her A House?"

Cristiano Ronaldo Replies:
"My Mother Raised Me And She Dedicated Her Life For Me. She Would Go To Sleep Hungry,...read more
Author: adex3gadex3g 4 days
Comment 0 . Views 18
TOP 5 LESSONS LEARNED FROM THE BOOK --"MASTER YOUR TIME, MASTER YOUR LIFE"
Top 5 lessons learned from the book --
Top 5 Lessons Learned From The Book --"Master Your Time, Master Your Life"

1. Identify Your Priorities:
Before You Can Effectively Manage Your Time, You Need To Know What's Most Important To You. Take The Time To Figure Out What...read more
Author: adex3gadex3g 4 days
Comment 0 . Views 7
10 LESSONS FROM DISCIPLINE IS DESTINY BY RYAN HOLIDAY
10 Lessons From Discipline Is Destiny by Ryan Holiday
10 Lessons From Discipline Is Destiny By Ryan Holiday

1. You Always Control Whether You Give Your Best Or Not. No One Can Stop You From That.

You Dont Have To End Up Number One In Your Class. Or Win Everything, Every Time....read more
Author: adex3gadex3g 4 days
Comment 0 . Views 15
10 HIGHLY MOTIVATIONAL QUOTES. WISDOM NUGGET #332
10 Highly Motivational Quotes. Wisdom nugget #332
10 Highly Motivational Quotes. Wisdom Nugget #332.

1....read more
Author: adex3gadex3g 4 days
Comment 0 . Views 9
10 BEST SELF CONFIDENCE QUOTES TO HELP YOU BELIEVE IN YOURSELF EVEN MORE!
10 BEST SELF CONFIDENCE QUOTES TO HELP YOU BELIEVE IN YOURSELF EVEN MORE!
10 BEST SELF CONFIDENCE QUOTES TO HELP YOU BELIEVE IN YOURSELF EVEN MORE!

1. CONFIDENCE Is When You Believe In Yourself And Your Abilities, ARROGANCE Is When You Think You Are Better Than Others And Act Accordingly. Stewart Staffordread more
Author: adex3gadex3g 4 days
Comment 0 . Views 15
10 POWERFUL QUOTES ON VICTORY THAT WILL MOTIVATE YOU TO WIN
10 POWERFUL QUOTES ON VICTORY THAT WILL MOTIVATE YOU TO WIN
10 POWERFUL QUOTES ON VICTORY THAT WILL MOTIVATE YOU TO WIN

1. The Reason Why People Give Up So Fast Is Because They Tend To Look At How Far They Still Have To Go, Instead Of How Far They Have Gotten. Unknown

2. In Reading...read more
Author: adex3gadex3g 4 days
Comment 0 . Views 11
10 INCREDIBLE RESILIENCE QUOTES TO HELP YOU BOUNCE BACK
10 INCREDIBLE RESILIENCE QUOTES TO HELP YOU BOUNCE BACK
10 INCREDIBLE RESILIENCE QUOTES TO HELP YOU BOUNCE BACK

1. The Greatest Glory In Living Lies Not In Never Falling, But In RISING EVERY TIME WE FALL. - Nelson Mandela

2. Its Hard To Beat A Person Who Never Gives Up. - Babe...read more
Author: adex3gadex3g 4 days
Comment 0 . Views 8
10 FUNNY QUOTES THAT WILL BRING SOME HUMOR TO YOUR DAY
10 FUNNY QUOTES THAT WILL BRING SOME HUMOR TO YOUR DAY
10 FUNNY QUOTES THAT WILL BRING SOME HUMOR TO YOUR DAY

1. As You Get Older, Three Things Happen. The First Is Your Memory Goes, And I Cant Remember The Other Two. - Norman Wisdom

2. "People Say Money Is Not The Key To Happiness,...read more
Author: adex3gadex3g 4 days
Comment 0 . Views 5
10 POWERFUL QUOTES ON BELIEVING IN YOURSELF
10 POWERFUL QUOTES ON BELIEVING IN YOURSELF
10 POWERFUL QUOTES ON BELIEVING IN YOURSELF

1. Belief Precedes Success. Jonas Caino

2. You Have To Believe In Yourself When No One Else Doesthat Makes YOU A WINNER RIGHT THERE. Venus Williams

3. You Can Have...read more
Author: adex3gadex3g 4 days
Comment 0 . Views 8
10 TIMING IS EVERYTHING QUOTES
10 TIMING IS EVERYTHING QUOTES
10 TIMING IS EVERYTHING QUOTES

1. Time Is An Illusion, TIMING IS AN ART. Stefan Emunds

2. SUCCESS Is Always A Matter Of Some LUCK AND TIMING. - Kathleen Kennedy

3. The Right Thing At The Wrong Time Is...read more
Author: adex3gadex3g 4 days
Comment 0 . Views 15
10 QUOTES FOR A DEEPER SENSE OF GRATITUDE TO HELP YOU ELEVATE YOUR LIFE
10 QUOTES FOR A DEEPER SENSE OF GRATITUDE TO HELP YOU ELEVATE YOUR LIFE
10 QUOTES FOR A DEEPER SENSE OF GRATITUDE TO HELP YOU ELEVATE YOUR LIFE

1. If You Want To Turn Your Life Around, Try Thankfulness. It Will Change Your Life Mightily. Gerald Good

2. Appreciation Is A Wonderful Thing. It Makes...read more
Author: adex3gadex3g 4 days
Comment 0 . Views 10
10 BEST TIME QUOTES: INSPIRING, WISE AND ENCOURAGING
10 BEST TIME QUOTES: INSPIRING, WISE AND ENCOURAGING
10 BEST TIME QUOTES: INSPIRING, WISE AND ENCOURAGING

1. The Most Precious Resource We All Have Is Time. Steve Jobs

2. Time Is Free, But Its Priceless. You Cant Own It, But You Can Use It. You Cant Keep It, But You Can Spend...read more
Author: adex3gadex3g 4 days
Comment 0 . Views 9
UNDERSTANDING THE AMERICAN OPPORTUNITY TAX CREDIT AND STUDENT LOAN INTEREST DEDUCTION
Understanding The American Opportunity Tax Credit And Student Loan Interest Deduction

Student Loans Are A Necessary Reality For Many People Pursuing Higher Education. While These Loans Can Provide The Funds Needed To Pay For Tuition And...read more
Author: adex3gadex3g 4 days
Comment 0 . Views 10
10 POWERFUL QUOTES TO HELP YOU RUN YOUR WEEK LIKE A CHAMPION
10 POWERFUL QUOTES TO HELP YOU RUN YOUR WEEK LIKE A CHAMPION
10 POWERFUL QUOTES TO HELP YOU RUN YOUR WEEK LIKE A CHAMPION

1. You Were Born With A Purpose. You Have Something To Offer The World That No One Else Can. Marie Forleo

2. Compare Yourself To Who YOU WERE YESTERDAY, Not To...read more
Author: adex3gadex3g 5 days
Comment 0 . Views 14
10 QUOTES ABOUT HAVING FUN TO HELP YOU ENJOYING LIFE
10 QUOTES ABOUT HAVING FUN TO HELP YOU ENJOYING LIFE
10 QUOTES ABOUT HAVING FUN TO HELP YOU ENJOYING LIFE (even More) !!

1. To Pursue Anything, Youve Got To Have Fun With It And To Just Never Give Up On It. Kaetlyn Osmond

2. Winning Is Only Half Of It. Having Fun Is The Other...read more
Author: adex3gadex3g 5 days
Comment 0 . Views 12
10 ENDURANCE QUOTES TO HELP YOU PUSH THROUGH
10 ENDURANCE QUOTES TO HELP YOU PUSH THROUGH
10 ENDURANCE QUOTES TO HELP YOU PUSH THROUGH

1. When You Have A Strong Enough 'WHY', You Can Tolerate Any How. Tony Robbins

2. Your Mind Is The Most Incredible GIFT! A Powerful Mind Is A Reserve For All That Is Physical...read more
Author: adex3gadex3g 5 days
Comment 0 . Views 13
10+ POWERFUL QUOTES TO HELP YOU GET THE LIFE YOU DESIRE
10+ POWERFUL QUOTES TO HELP YOU GET THE LIFE YOU DESIRE
10+ POWERFUL QUOTES TO HELP YOU GET THE LIFE YOU DESIRE.

7 SIMPLE STEPS TO MANIFESTATION

1. TRUST THE VISION

Cherish Your Visions And Your Dreams As They Are The Children Of Your Soul, The Blueprints Of Your...read more
Author: adex3gadex3g 5 days
Comment 0 . Views 12
10 BEST QUOTES ABOUT SUCCESSFUL ROUTINES AND DAILY HABITS
10 Best Quotes About Successful Routines and Daily Habits
10 Best Quotes About Successful Routines And Daily Habits

1. All People Are The Same; Only Their Habits Differ. Confucius

2. We Are What We Repeatedly Do. Excellence Then, Is Not An Act, But A Habit. Aristotle
read more
Author: adex3gadex3g 5 days
Comment 0 . Views 15
TEN MOST ELECTRIFIED COUNTRIES IN AFRICA
Ten Most Electrified Countries in Africa
Ten Most Electrified Countries In Africa

1)- Egypt :100% Access

2)- Morocco : 100% Access

3)- Tunisia : 100% Access

4)- Algeria : 100% Access

5)- Gabon : 91.6% Access
read more
Author: adex3gadex3g 5 days
Comment 0 . Views 10
PROUDEST AFRICAN COUNTRIES ON THE CONTINENT
Proudest African Countries on the continent
Proudest African Countries On The Continent

1. Ghana
2. Rwanda
3. Libya
4. Zimbabwe
5. Nigeria
6. Morocco
7. Egypt
8. Algeria
9. Tunisia

Note : The...read more
Author: adex3gadex3g 5 days
Comment 0 . Views 206
WINNING THE WAR IN YOUR MIND
Winning The War In Your Mind

1) OUR LIVES ARE ALWAYS MOVING IN THE DIRECTION OF OUR Strongest Thoughts. What We Think Shapes Who We Are.

2) Your Liberation Is A Simple Two-step Process:

-Remove The Lie.read more
Author: adex3gadex3g 1 week
Comment 0 . Views 15
TOP 10 LESSONS LEARNED FROM THE BOOK-- SO GOOD THEY CANT IGNORE YOU
Top 10 Lessons learned From the Book-- So Good They Cant Ignore You
Top 10 Lessons Learned From The Book-- So Good They Cant Ignore You

1. Dont Follow Your Passion

The Passion Hypothesis Is The Biggest Myth In Occupational Happiness.

It Says The Key To Occupational Happiness...read more
Author: adex3gadex3g 1 week
Comment 0 . Views 20
UNIVERSAL LAWS THAT GOVERN THE UNIVERSE: KNOWING THESE IS A GAME CHANGER
Universal Laws That Govern The Universe:
Knowing These Is A Game Changer!

1. Law Of Divine Oneness: This Law States That Everything In The Universe Is Interconnected And That We Are All One. We Are All Part Of The Same Energy And...read more
Author: adex3gadex3g 1 week
Comment 0 . Views 14
10 LESSONS FROM THE ALMANACK OF NAVAL RAVIKANT
10 LESSONS FROM THE ALMANACK OF NAVAL RAVIKANT
10 LESSONS FROM THE ALMANACK OF NAVAL RAVIKANT

1. No One Can Compete With You On Being You.

2. Become The Best In The World At What You Do.

3. Doctors Wont Make You Healthy. Nutritionists Wont Make You Slim....read more
Author: adex3gadex3g 1 week
Comment 0 . Views 22
10 PRINCIPLES FROM CHARLIE MUNGER ON INVESTING AND INTELLIGENC
10 PRINCIPLES FROM CHARLIE MUNGER ON INVESTING AND INTELLIGENC
10 PRINCIPLES FROM CHARLIE MUNGER ON INVESTING AND INTELLIGENCE

1. "Spend Each Day Trying To Be A Little Wiser Than You Were When You Woke Up."

2. "I Think Part Of The Popularity Of Berkshire Hathaway Is That We Look Like...read more
Author: adex3gadex3g 1 week
Comment 0 . Views 27
TOP 5 LESSONS LEARNED FROM THE BOOK- "TOP FIVE REGRETS OF THE DYING"
Top 5 lessons learned from the book-
Top 5 Lessons Learned From The Book- "Top Five Regrets Of The Dying"

1. I Wish Id Had The Courage To Live A Life True To Myself, Not The Life Others Expected Of Me

"Most Common Regret Of All. Most People Had Not Honoured...read more
Author: adex3gadex3g 1 week
Comment 0 . Views 13
THE PURPOSE OF LIFE
The Purpose Of Life

Once Upon A Time, There Lived A Wise Man.

His Son, However, Was Very Lazy And Wasted His Time Sleeping And Spending Time With His Friends.

The Years Passed, And With Time Faded The Youth...read more
Author: adex3gadex3g 1 week
Comment 0 . Views 26
THE FARMER AND THE DONKEY
The Farmer And The Donkey
One Day A Farmers Donkey Fell Into A Well. The Animal Cried Loudly For Hours, While The Farmer Tried To Find Something To Do To Get Him Out.

Finally, The Farmer Decided That The Donkey Was Old And The Well Was Already Dry And Needed To...read more
Author: adex3gadex3g 1 week
Comment 0 . Views 29
NIGERIA RANKS 95TH HAPPIEST NATION WORLDWIDE
Nigeria Ranks 95th Happiest Nation Worldwide
Nigeria Ranks 95th Happiest Nation Worldwide

Nigeria Ranked 95th Happiest Nation In The World With 4.981 Points, According To The Latest Edition Of The World Happiness Report.

The Report Was Released On Monday By The Sustainable...read more
Author: adex3gadex3g 1 week
Comment 0 . Views 16
10 AFRICAN COUNTRIES WITH THE HIGHEST INFLATION RATES IN 2023
10 African Countries With The Highest Inflation Rates In 2023


1 Zimbabwe 92.8%
2 Sudan 83.6%
3 Ghana ...read more
Author: adex3gadex3g 1 week
Comment 0 . Views 22
5 POWERFUL WAYS TO LET GO OF YOUR EGO
5 powerful ways to let go of your ego
5 Powerful Ways To Let Go Of Your Ego:

Why Would You Want To Do That?

Your Ego Is A Part Of Who You Are.

But If It Takes Over Your Life, It Can Block The Flow, And Youll End Up In Unhealthy Situations.read more
Author: adex3gadex3g 1 week
Comment 0 . Views 16
There are currently 0 users view this page
0 Members || 0 Guests
INSURANCE INVESTMENT PLANS(8) CRYPTOCURRENCY INVESTMENT(89) FORUM FRAN├žAIS(16) ENTERTAINMENT(469) CAREER(5) SCIENCE(8) MUSIC(4) SPORTS(27) RELIGION(83) FOOD AND HEALTH(694) EDUCATION(835) RELATIONSHIP(107) TECHNOLOGY(105) FINANCE(156) MUSIC(43) SITE INFORMATION(4) BABA IJEBU LOTTO AND RESULTS(2.3K) PHONES(28) COMPUTERS(8) WEB &APPS PROGRAMMING(30) JOBS & VACANCIES(5) QUESTIONS & ANSWERS(17) WEBMASTERS(161) FOOTBALL NEWS(435) ANIMALS(60) STORIES AND HISTORIES(4.2K) CRIME(0.9K) POLITICS(2K) JOKES(51) CULTURE(64)