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FG Reiterates Commitment To Bridge Nation’s Infrastructure Gap

The Federal Government has restated its commitment to the development of infrastructure through Public Private Partnerships (PPP) in order to bridge  the huge gap in the nation’s infrastructure base and by so doing, alleviate the challenges facing stakeholders in their strive to boost the country’s Gross Domestic Product (GDP). The Acting Director General, Infrastructure Concession […]

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Nigeria Stalling Repatriation Of Foreign Airlines’ $450mn Revenue – IATA

The International Air Transport Association (IATA) has accused Nigerian government of stalling the repatriation of $450 million in revenue by international carriers operating in the country. The association’s Vice President for Africa and the Middle East, Kamal Al Awadhi, was quoted by Reuters as describing talks with Nigerian authorities to release the funds as a […]

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NACA Urges Airlines, Pilots On Safety Precautions During Rainy Season

The Nigerian Civil Aviation Authority (NCAA) has advised pilots, airline operators and other stakeholders in the nation’s aviation sector on the need for caution in their operations as hazardous weather associated with rainy season begins its manifestations in the airspace. The aviation sector regulator gave this charge on Tuesday in an Advisory Circular (AC) with […]

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Aviation Fuel Scarcity To Worsen Flight Disruptions – Operators

The Airline Operators of Nigeria (AON) on Monday alerted the public that the lingering scarcity of JetA1 fuel, also known as aviation fuel, would further exacerbate flight reschedules and cancellations now being experienced by air travellers unless urgent steps are taken by government to address the problem. The Chairman, United Nigeria Airline and the spokesperson […]

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10 Ships Laden With Petrol, Other Items Berth At Lagos Ports

The Nigerian Ports Authority (NPA) on Wednesday disclosed that 10 ships loaded with Premium Motor Spirit (PMS), also known as petrol, bulk wheat, base oil, general cargo, bulk fertilizer and bulk sugar had arrived Lagos ports to finally berth. The port regulator also hinted that another 20 ships at the ports were discharging fuel, bulk […]

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AMCON Takes Over Aeroland Travels’ Assets Over N1.8Bn Debt

The Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Aeroland Travels Limited, and its directors over an indebtedness of N1.8 billion. The corporation’s spokesperson, Jude Nwauzor, who disclosed this in a statement on Monday, said the takeover was sequel to the order of Justice D.E. Osiagor of the Federal High Court, […]

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MOMAN Refutes N700/Litre Aviation Fuel Claims By Airlines

The Major Oil Marketers Association of Nigeria (MOMAN) on Monday refuted claims by airlines’ owners that Aviation Turbine Kerosene (ATK), also known as aviation fuel, was being sold at N700 per litre in some parts of the country. The association’s Executive Secretary, MOMAN, Mr. Isong reportedly debunked the claims during an interview with the News […]

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Africa Requires $108Bn Yearly To Bridge Infrastructure Funding Gap – AfDB

The African Development Bank (AfDB), has estimated that Sub-Saharan African countries will require between $68 billion to $108 billion annually to the bridge their current infrastructure financing gap. The Bank made this projection in a statement hoisted on its website and sourced by  our correspondent on Friday. The President of the AfDB Group, Dr. Akinwumi […]

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ANCLA, Customs Service Bicker Over 35% Duty On Imported Vehicles

The Association of Nigeria Licensed Customs Agents (ANLCA) has flawed the  Nigeria Customs Service’s (NCS’)  rate of duty on used vehicles with HS code 87033320 with 20 percent despite the Service’s claim that the rate is imputed in error. The association’s National Vice President, Dr. Kayode Farinto, in a statement, advised all freight forwarders not […]