Bi-Courtney Aviation Services Ltd (BASL), operator of the Murtala Muhammed Airport Two (MMA2), Lagos, on Sunday claimed that Arik Air was not indebted to the Federal Airports Authority of Nigeria (FAAN), but to BASL. Bi-Courtney made the claim in a statement signed by its Chief Operations Officer, Adebisi Awoniyi, which was obtained by the News […]
Poised to fulfill one of his campaign promises of investing massively in the construction of rural roads, the Lagos State Government has announced invitation for bids for the construction of 114 roads across the 20 Local Governments and 37 Local Council Development Areas in the State. Recall that last Monday, while speaking at the Lagos […]
Asaba — Delta State House of Assembly has approved a loan facility of N5.021 billion for the upgrading of the Asaba International Airport, which was downgraded by the Nigeria Civil Aviation Authority (NCAA) on account of alleged lapses in the runway and taxiways. A request dated Tuesday, September 8, 2015 was forwarded to the state […]
Findings have revealed that local airlines, charter operators and privately owned jets n Nigeria spend about N250 billion yearly on aircraft maintenance and training of pilots. According the investigation, airline operators pay a minimum of $500, 000 for engine overhaul and about the same amount of money for C-Check maintenance on a Boeing 737 aircraft. An inspector […]
A projection by the World Travel and Tourism Council (WTTC) has stated that by 2024, Nigeria’s travel and tourism industry would contribute 1.6 per cent (N1.4 billion) to the nations Gross Domestic Product (GDP). The Council, which stated this in its review of the sector in Nigeria, also projected that travel and tourism industry would […]
The Federal Government through the efforts of local shippers, is expected to save N5.4 billion monthly from the 1.8 billion litres of petroleum products imported into the country. This will however be made possible if Nigerian crewed and owned vessels are allowed exclusively to conduct the lighterage. President of Nigerian Ship owners Association, NISA, Olaniyi […]
Travel agencies in Nigeria raked in a staggering $2.3bn from ticket sales for foreign airlines and tour service in 2014. The President of the National Association of Travel Agencies (NANTA) Aminu Agoha, who disclosed this, stated that out of this amount, $1.4 billion was generated from ticket sales alone during the period under review. The […]
The National Aviation Handling Company (NAHCO) Plc, on Thursday, June 11, said it recorded a marginal leap in turnover from N8.09 billion in 2013 to N8.133 billion in 2014 It also recorded a plunge in profit after tax from N853 million to N568 million. The Chairman Board of Directors, Suleiman Yahyah, who spoke at the […]
The promoters of the multi-billion naira new Lekki deep seaport in Lagos have said the project will be ready in 2019. The assurance of the promoters is coming on the heels of the commencement of construction works at the project site. The promoters, Lekki Port Lagos Free Trade Zone Enterprise (LFTZ), who revealed this in Lagos said […]
The Nigeria Shippers’ Council has moved for the indigenization of freight forwarding practice in Nigeria, which is dominated by foreigners undertaking cargo clearance jobs in the country. However, stakeholders in the nation’s maritime industry have defer on the plans by the Nigerian Shippers’ Council (NSC) to indigenize the practice of freight forwarding otherwise known as […]
