The Federal Government has suspended the Nigeria Air project of the immediate past administration of President Muhammadu Buhari as part of its current efforts to boost the performance of the aviation sector and make it globally competitive. The Minister of Aviation and Aerospace Development, Barrister Festus Keyamo, announced the suspension of the national carrier project […]
…. first of its kind in Africa The Federal Government on Friday inaugurated Bollard Pull Tug Boats (vessels) at the Lagos ports acquired by the Nigerian Ports Authority (NPA) in furtherance of its sustained drive provide efficient domestic cargo needs, win back transit cargo from neighbouring countries and also to meet the maritime needs […]
….amid AON’s opposition to project, subsisting court order In what appears a confirmation of the outgoing President Muhammadu Buhari’s administration to walk its talk on the national carrier project, a Nigeria Air aircraft, which was earlier sighted early today at Addis Ababa Bole International Airport, Ethiopia, has reportedly landed at the Nnamdi Azikiwe International Airport, […]
The Central Bank of Nigeria (CBN) reported at the weekend that Nigerians living overseas remitted a $19.8 billion to the country in 2022, representing a 7% increase (about $.5 billion) higher than the $19.3 billion they remitted in 2021, and about 5% of the country’s gross domestic product (GDP). These figures from the apex bank’s […]
The Federal Government has announced the approval of the concession of the Nnamdi Azikiwe International Airport, Abuja and the Mallam Aminu Kano International Airport, Kano. The approval of the two airports’ concession was part of the decisions taken at Federal Executive Council’s (FEC’s) meeting on Wednesday chaired by President Muhammadu Buhari Giving this hint during […]
With long queues of hundreds of Nigerians waiting to collect their international passports without success in its offices nationwide on daily basis, the Nigeria Immigration Service (NIS) has blamed the scarcity of booklets on the Central Bank of Nigeria’s (CBN’s) foreign exchange (FX) policy. The Comptroller-General of the Service, Mr. Idris Jere, who accused the […]
Aviation workers in the country have alerted of their plans to embark on two-day warning strike from Monday over alleged failure to implement the conditions of service agreement between their unions and some aviation agencies. The leaders of the major aviation sector unions, comprising the National Union of Air Transport Employees (NUATE), Air Transport Services […]
Travel agencies in the country have raised serious concern about foreign carriers’ upward review of exchange rates of their air fares to N551/$1 from the N444/$1 issued by the Central Bank of Nigeria (CBN) to the carriers over the past three years. The agencies pointed out that the upward review of the air travel fare […]
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has disclosed that the Federal Government will disburse $120 million to international airlines plying the Nigerian routes next Monday, October 31, to partly offset their trapped funds in the country. The governor disclosed that the decision was taken at a meeting between the leadership of […]
The Nigeria Economic Zones Association (NEZA), the umbrella body of Free Trade Zones operators and enterprises in the country, has cautioned the National Assembly and government agencies not to take actions that are inimical to attracting $25 billion Foreign Direct Investments (FDIs) yearly to the country through the Special Economic Zones’ scheme. The association’s Executive […]