Emirates, the Dubai-based airline, has announced that around 50% of its revenue is trapped in the country due to foreign exchange restrictions and a lack of access to dollars.
The airline in a statement on Friday disclosed that all efforts it has made to resume operations in Nigeria in the last five months it suspended flights into the country have proved abortive.
Emirate added that it has been five months since it suspended operations to and from Nigeria, and during this time it has yet to see any progress in clearing its funds backlog.
