Nigeria unlocks currency to help settle aviation fee debt

Nigeria will allow its currency, the naira, to trade freely against the US dollar from June 20, following a move by several international airlines to stop flights into the country. In March, IATA estimated Nigeria owed foreign airlines some NGN113.3 billion ($575 million), principally because of...

Subscription Required


This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login


Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.