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World Business Report: First broadcast 2016/06/09 17:32 GMT: Nigeria's Currency Crisis Grounds Foreign Airlines

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First broadcast 2016/06/09 17:32 GMT

First broadcast 2016/06/09 17:32 GMT: Nigeria's Currency Crisis Grounds Foreign Airlines

Nigeria's Currency Crisis Grounds Foreign Airlines

BBC World Service - World Business Report, Nigeria's Currency Crisis Grounds Foreign Airlines

Iberia and United Airlines have quit flying to Nigeria because of a shortage of dollars.

Spain's Iberia and its US rival United Airlines have stopped flights to Nigeria because currency restrictions mean they are owed hundreds of millions of dollars in ticket sales.

The Spanish carrier Iberia and its American rival United Airlines have stopped to Nigeria because foreign currency restrictions have prevented them from receiving hundreds of millions of dollars owed in ticket sales. We hear what ordinary Nigerians make of the country's troubled economy and the head of the Chamber of Commerce in Lagos admits it is disappointing.

Many leading international figures have expressed concerns about the possibility of the UK leaving the European Union. Strong views have been aired by President Barack Obama, the head of the IMF Christine Lagarde, the President of France Francois Hollande and a former US Treasury Secretary, Larry Summers. Veteran economist Irwin Stelzer, from the Hudson Institute in Washington tells us if he agrees with this international consensus.

The online taxi hailing service Uber has been fined $900,000 by a court in Paris for connecting users with ordinary drivers using their own cars. France has banned the Uber Pop service amid pressure from traditional taxi drivers. Thomas Ricard, a lawyer in Paris explains more about Uber's challenge to expand in France.

Queen Elizabeth's youngest son, Prince Edward, has warned time is running out to save the world's coral reefs. He told the BBC that the global fishing industry is having a huge impact on coral survival and so is global warming. The world's leading coral scientists met in London this week, to discuss what can be done. We have a report from Vivienne Nunis.

(Picture: Murtala Muhammed International Airport in Lagos. Copyright: Getty Images.)

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First broadcast 2016/06/09 17:32 GMT: Nigeria's Currency Crisis Grounds Foreign Airlines

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