The Briefing Room

General Category => Science, Technology and Knowledge => Energy => Topic started by: TomSea on June 05, 2016, 05:46:15 am

Title: Airlines Pull Out of Nigeria as Its Economy Tanks
Post by: TomSea on June 05, 2016, 05:46:15 am

Quote

Airlines Pull Out of Nigeria as Its Economy Tanks

United Airlines flies daily between to Lagos — Nigeria's largest city — and the U.S. city of Houston, Texas. But not for much longer.

Media reports say demand for the route connecting the two oil-industry capitals has fallen. The airline is also having trouble converting proceeds from ticket sales in Nigeria's naira into dollars.

United is not the only airline with this problem. Spanish carrier Iberia recently ended its flights to Nigeria from Madrid. The International Air Transport Association says nearly $600 million in airline revenues is trapped in Nigeria.

Read More At: http://www.voanews.com/content/airlines-pull-out-nigeria-economy-tanks/3360854.html

In related news, Militants blew up 2 Chevron wells.