Nigeria's WORSENING economic crisis forces foreign airlines to pull out in DROVES

Nigeria's economic crisis forces foreign airlines out 

Low value of Naira and the inability of foreign carriers to repatriate their revenues have forced United Airlines and others to withdraw services to Nigeria.

As at March 31, 2016, foreign airlines funds trapped with the Central Bank of Nigeria (CBN) was about $575 million and there are strong indications that the airlines would lose substantial value of this money with the devaluing of the Naira by the federal government which has become imminent.