Global travel and tourism sector has recorded an excess of $4.5 trillion revenue loss for Year 2020, which translates to about 50 per cent decline of its yearly turnover. The Economic Impact Report (EIR) of the World Travel & Tourism Council (WTTC) for 2020, released recently, linked the loss to the devastating impact of COVID-19. […]
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 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 […]
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 […]
There should be special Forex window for airlines, says OknokwoWhen flight operations resumed last July after weeks of COVID-19 lockdown, the major industry worry was low passenger patronage. Demand did go on a roller-coaster and when it stabilised, another problem emerged – insufficient fleet capacity to ferry waiting passengers. The tell-tale signs of low capacity […]
The federal government has, on Tuesday, launched the Nigerian Temporary Passport for one-way trips to Nigeria. This new passport was launched by the Minister of Interior Rauf Aregbesola. The new passport was designed for Nigerians abroad who choose to return to Nigeria urgently and do not have a passport. The minister noted, in a tweet, […]
Lagos State Government and CIG Motors Company Limited have formally signed a Joint Venture Agreement for the establishment of Vehicle Assembly Plant in the State. Lagos State Governor, Mr. Babajide Sanwo-Olu, at the ceremony held at the State House in Marina on Thursday also unveiled a new e-hailing taxi schemein partnership with the Chinese automobile […]
The Abuja-Kaduna-Kano expressway, hitherto undergoing renovation, would now be completely reconstructed. The Federal Executive Council (FEC) has approved over N809.7 billion for various projects, including the rehabilitation of the Abuja-Kano expressway. The meeting presided over by President Muhammadu Buhari on Tuesday also approved the procurement of fire fighting vehicles and equipment as well as the development of […]
