Losses

  • FAAN: Recurring monthly losses, a sign of an uncertain future after COVID-19

    The Federal Airports Authority of Nigeria (FAAN) said it lost N17.5billion of aeronautic charges in 23 weeks and incurred N1.4 billion loss of non-aeronautical charges between April and June, 2020. Its Managing Director, Capt. Hamisu Yadudu, who disclosed this in a virtual interaction said the agency’s Internally Generated Revenue (IGR) dipped by over 90 per…

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