The Asset Management Corporation of Nigeria (AMCON) has said that in order to recover its huge debts from Arik Air, it injected over N375 billion in the airline and established another carrier, NG Eagle, which in the future would run along with Arik Air. AMCON stated that it sustained Arik Air operations since it took […]
The Minister of Interior, Rauf Aregbesola, has stated that Nigerians can now be issued international passport in 24 hours. Speaking at the launching of a new automated fast passport processing centre at the Maitama Passport Express Centre (MPEC) in Abuja yesterday, Aregbesola said it was the vision of the Ministry of Internal Affairs and Nigeria […]
Operators in the aviation industry have expressed displeasure over the manner in which the disbursement of the N27 billion Covid-19 intervention fund earmarked for the aviation sector was carried out. The N27 billion bailout palliative was introduced by the Federal Government last year to cushion the effects of the Covid-19 lockdown and restriction in air travel […]
The Director General and Chief Executive Officer of the Nigerian Civil Aviation Authority (NCAA), Captian Musa Nuhu has described the Anambra International Cargo/Passenger Airport, Umueri as one of the best airports in Nigeria. The civil aviation boss, who inspected the facilities at the fast rising airport, said he was amazed at the elaborate, carefully planned […]
A certification team from Nigeria's aviation regulatory authorities is expected to visit the airport soon. Governor Douye Diri of Bayelsa State has said that the state-owned airport is ready for commercial flight operations. Mr Diri stated this on Wednesday when he made an unscheduled visit to the facility ahead of a final certification visitation by the country's […]
The House of Representatives says $90.5 million is lost yearly in Nigeria due to unfavourable concession deals in the aviation sector. Speaking on Tuesday in Abuja, Daniel Asuquo, chairman of the ad-hoc committee investigating the governing lease of federal government-owned assets, said non-transparent and poorly executed lease arrangements have hampered economic growth and infrastructure development […]
The Nigeria Customs Service (NCS) has said that airlines registered in Nigeria and providing commercial air transport services are entitled to duty-free importation of their aircraft, engines, spare parts and components, purchased or leased. Customs Public Relations Officer, Joseph Attah, said this in a statement issued to newsmen in Abuja on Tuesday. Attah explained that […]
The Nigerian Ports Authority, NPA, has suspended trucks carrying export cargoes into ports for the next fourteen days. This measure, according to the Authority, was put in place to allow them clear the backlog currently causing congestion and consequently leading to the gridlock being experienced on the port corridor. Speaking on Radio yesterday in Lagos […]
Nigerian carrier, Air Peace, has disclosed plans to add a brand new Boeing 737-Max aircraft to its fleet and operations. The airline said though the aircraft type had serious safety concerns, it had not cancelled its earlier orders for10 for the state-of-the-art airplanes. Air Peace, in September 2018, signed a Memorandum of Understanding (MoU) with […]
International Finance Corporation (IFC), a member of the World Bank Group, has invested €20 million into Bolt, a ride-hailing company, to promote access to on-demand mobility services in Nigeria and other emerging economies. The investment and advisory services being offered by IFC, according to a joint statement issued by the companies will would ensure the […]
