Africa: CBN Approves Special FX Window for Airline Operators, Manufacturers

The Central Bank of Nigeria (CBN), Friday approved a Special Secondary Market Intervention Retail Sales (SMIS) forex window for domestic airline operators and manufacturers to stimulate ease of doing business in the sectors. The Minister of State for Aviation, Mr. Hadi Sirika, said the important one-off-stop-shop would fast track easy clearance of the backlog of matured Foreign Exchange (FX) obligations. […]

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Aviation: Economic Downturn, Fuel Scarcity Threatening Existence of Nigerian Carriers- Mbanuzuo

Dana Air’s Accountable Manager, Obi Mbanuzuo warns that Nigerian airlines may go under except urgent action is taken by the government to salvage the situation. He spoke to Chinedu Eze. Excerpts: How is fuel scarcity impacting on your operations? One of Dana’s main selling points is on-time performance and onboard service. Currently the on-time performance has been affected by the […]

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