Thursday 7 April 2016

Foreign Airline Operators Now feeling the effects Of Nigeria,s New Forex Policy

Image result for foreign airlines in nigeria

Most foreign Airline,sin Nigeria  have begun to really feel the effects of the current foreign exchange policy, this has come in the wake of their inability to get foreign currency to  repatriate their funds back to their home country in order to account to operational cost.

The resultant effects of this situation might also see these airlines try to lay off staffs many of their staffs due to their inability to pay
these staff.

The new foreign exchange policy was a drastic measure taken to curb the economic amomalities which has resulted in the fall of Oil prices which has ultimately caused Nigeria's economy to take a nosedive. 

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