Iberia Withdraw Services From Nigeria

        

The Spanish National carrier, Iberia has pulled from Nigeria following the problems associated with CBN Forex policy which  affected the airline from repatriating revenue made in local currency.
Since the introduction of the policy, the foreign airlines have over $500 million trapped in the various banks which they ought to have repatriated to their various home countries.
Prior to the decision of Iberia, many of the foreign carriers had expressed their displeasure at the CBN policy, with many threatening to withdraw their services from Nigeria if nothing was urgently done to reverse it.