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Local aviation risks collapse as only 38 of 90 airplanes are active
- August 1, 2022
- Posted by: admin
- Category: Economy, Latest News, Marine & Aviation, Tourism
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Beyond the withdrawal of services by two scheduled carriers, the entire local aviation sector may be in for a shutdown of operations over steady loss of fleet capacity that has made schedule reliability near impossible. Findings by The Guardian showed that the eight active airlines are operating a cumulative 38.77 per cent fleet capacity, with
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Emirates Flights To Nigeria Now 7 Times Weekly Due to $85m Trapped Revenue
- July 30, 2022
- Posted by: admin
- Category: Digital Economy, Latest News, Marine & Aviation, Tourism
Emirates Airlines has reportedly announced that it would reduce its flights to Nigeria from August 15 2022 due to its failure to repatriate its revenue earned from ticket sales in Nigeria. The airline said it would be forced to reduce flights from Dubai to Lagos from 11 times per week to seven times per week,
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FG set To Lease Three Aircraft To Commence Flight Operations
- July 27, 2022
- Posted by: admin
- Category: Economy, Latest News, Marine & Aviation, Tourism
The hope for a new national carrier, Nigeria Air, brightens on Wednesday as the Federal Government approved the leasing of three aircraft. The three aircraft are made by Airbus and Boeing. Minister of Aviation, Senator Hadi Sirika, made the disclosure while briefing journalists after the Federal Executive Council (FEC). The FEC meeting was chaired by
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CBN supports Lagos Blue Line project with N60bn
- October 14, 2021
- Posted by: admin
- Category: Economy, Latest News
The Central Bank of Nigeria said on Thursday that it had supported the Lagos State Blue railway line project with N60 billion to facilitate ease of passengers’ movement and that of businesses in the state. The Director, Development and Finance of the CBN, Mr Phillip Yusuf, disclosed during an inspection of the project, held in
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NUPENG to commence strike on Monday October 11
- October 10, 2021
- Posted by: admin
- Category: Energy, Latest News
The National Union of Petroleum and Natural Gas Workers (NUPENG) has reportedly said its Petroleum Tanker Drivers (PTD) would commence strike on Monday over the deplorable state of the nation’s highways and other issues.Mr Tayo Aboyeji, the South-West Zonal Chairman of NUPENG, in an interview with the News Agency of Nigeria (NAN) in Lagos said
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Local airlines lose 60 per cent operation to weather disruptions
- September 25, 2021
- Posted by: admin
- Category: Economy, Marine & Aviation, Tourism
Local airlines have apologised for multiple delays and cancellations in the air transport service, attributing the discomfort to bad weather that has cost carriers about 60 per cent loss in their operations. The operators, under the aegis of Airline Operators of Nigeria (AON), yesterday, empathised with the travelling public, though assured of efforts to manage