Emirates Airline has announced its decision to suspend all flights to and from Nigeria from September 1 "to limit further losses" over "blocked funds".
In a statement posted on their official website, the Dubai-based carrier said they had "made considerable efforts to initiate dialogue with the relevant authorities due to ongoing challenges in repatriating funds" but had to make "the difficult decision" as there was "no progress" in finding"a viable solution".
The airline regretted the inconvenience caused to their customers, but stressed that the "circumstances were beyond their control".
They added that they will "re-evaluate" the decision if there are "any positive developments in the coming days regarding the blocked finds in Nigeria".
Emirates said they will work towards helping customers "make alternative travel arrangements wherever possible" or provide them with full refund.
"We remain keen to serve Nigeria, and our operations provide much needed connectivity for Nigerian travellers, providing access to trade and tourism opportunities to Dubai, and to our broader network of over 130 destinations," their statement said.
The Indian state of Maharashtra has suspended the licences of four Domino's outlets after reporting grease residue in pizza-making machines and insect infestations, the latest move in an intensifying crackdown by food regulators.
XRG, ADNOC’s international energy investment company, has announced its entry into Venezuela through the award of the offshore Loran licence, and the transfer of interest in the licence by PDVSA Gas.
Venture capitalist Joshua Kushner and former Disney CEO Bob Iger are set to purchase the Los Angeles Lakers, with the deal valued at a record $12.5 billion, according to sources familiar with the matter on Wednesday.
The chairman of India's largest conglomerate Tata Sons will not seek reappointment, he said, citing the board's lack of backing after tensions with the charitable arm that controls the group.
Passengers flying to Dubai through Emirates can now change their travel dates free of charge in an unlimited capacity under a new measure announced by the airline to offer greater flexibility.
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