Local airlines spend N44b yearly on overseas maintenance

Overseas maintenance of aircraft costs scheduled local airlines excess of N44 billion yearly. The capital flight, from a conservative estimate of about 70 operating airplanes, lately soared given the black market exchange rate of close to N500/$1. Stakeholders said the loss, to airlines in particular and the economy in general was avoidable had the Federal […]

FG Grants Approval For $2.9bn Escravos Seaport

The Federal Government has granted approval for the establishment of the Escravos Seaport Industrial Complex, ESIC, to Mercury Marine Concession Company, MMCC. The proposed $2.9 billion project is majorly designed to boost economic/national development of Nigeria particularly, Delta State. Chairman, Chief Executive of the firm, Rear-Admiral Andrew Okoji, who confirmed the approval, weekend, said the […]

NDLEA Seizes Heroin, Khat Worth N10 billion At MMIA, MAKIA

The National Drug Law Enforcement Agency (NDLEA) has intercepted and seized consignments of heroin and khat with a street value of over N10 billion, according to a statement by the agency. The statement by the agency’s Director Media and Advocacy, Femi Babafemi, made available to newsmen on Sunday in Abuja, said the seizures were made […]

NEC Gets Update On Nigeria's Rail Infrastructure

The Minister of Transportation, Rotimi Amaechi, presented the progress and achievement on rail infrastructure to the NEC. The National Economic Council (NEC) says it has received an update on federal government's interventions in rail infrastructure projects. Governor Dave Umahi of Ebonyi State briefed State House correspondents after the virtual NEC meeting presided by Vice President […]

Arik Resumes Lagos - Kano Flights

Arik Air has announced that it will resume direct flights from Lagos to Kano, effective Tuesday, April 27, 2021. The airline said the three weekly flights would operate on Tuesdays, Thursdays and Saturdays. Arik said the decision to reintroduce direct flights between Lagos and Kano was informed by the importance of both cities as centres […]

First Phase Of New Lagos Rail Project To Convey 500,000 People Daily

The Lagos State Government has disclosed that the first phase of its 37-km Rail Mass Transit Red Line will transport 500,000 people daily. This disclosure was made by the Chief Press Secretary of the Lagos State Governor, Gboyega Akosile, on Thursday. After completion, the rail project will travel from Agbado to Marina in the state. […]

Airfares High As Aviation Fuel Up By 69%

The increasing price of aviation fuel also called Jet A1 has pushed up airfares along all routes in the country. Investigations showed that the price of the aviation fuel has risen by 69 per cent from N160 per litre to between N250 and N270 per litre. This has led to a hike in airfares as […]

Amaechi To Commission Freight Services on Itakpe-Ajaokuta-Warri Rail Line

Rotimi Amaechi, minister of transportation, will on Friday, April 16, flag off freight and haulage services on the Itakpe-Ajaokuta-Warri rail line. This will mark the opening of the rail line for goods and cargo movement. In a tweet on Wednesday, Amaechi said: “This Friday, we’ll officially flag off freight services and haulage activities on the […]

FAAN Raises Alarm Over Planned Attacks On Airports Across Nigeria

The Federal Airports Authority of Nigeria (FAAN) says it has received an alert from the ministry of aviation over planned attacks on airports across the country. This was contained in a memo signed by S.M. Mamman, FAAN deputy general manager of administration and logistics, and addressed to airport chiefs of security. According to the document […]

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