Iberia Airline pulls out of Nigeria
Iberia Airline has withdrawn its services from Nigeria. The decision to pull out of Nigeria, which was taken Tuesday, was based on the huge financial difficulties the airline is facing due to Central Bank of Nigeria (CBN) refusal to exempt foreign airlines from its forex policy. Other foreign airlines are also contemplating pulling their services from the country. The CBN policy has prevented it from repatriating its proceeds made in Nigeria in the last few months. Foreign airlines have over US$500m trapped in the various banks. Before Iberia took this decision, foreign carriers had expressed their displeasure at the CBN policy, with many threatening to withdraw their services from Nigeria if nothing was urgently done to reverse it. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-04-21/oneworld/iberia-airline-pulls-out-of-nigeria
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Iberia Airline pulls out of Nigeria
Iberia Airline has withdrawn its services from Nigeria. The decision to pull out of Nigeria, which was taken Tuesday, was based on the huge financial difficulties the airline is facing due to Central Bank of Nigeria (CBN) refusal to exempt foreign airlines from its forex policy. Other foreign airlines are also contemplating pulling their services from the country. The CBN policy has prevented it from repatriating its proceeds made in Nigeria in the last few months. Foreign airlines have over US$500m trapped in the various banks. Before Iberia took this decision, foreign carriers had expressed their displeasure at the CBN policy, with many threatening to withdraw their services from Nigeria if nothing was urgently done to reverse it. <br/>
