Transport

Kalabash, a new entrant into the rapidly expanding BNPL fintech space, has unveiled Pay Small Small™, a product that allows all passengers to enjoy great travel deals and prices by paying as little as 25% of the total cost as a down payment to lock in travel fares and splitting …

Crude oil revenue crashed by 29 per cent in the first quarter of 2022, according to statistics from the Central Bank of Nigeria. The CBN, in its latest economic and statistical report for the first quarter of 2022, stated that earnings from crude oil dropped to N790bn from N1.1trn recorded …

In a move to check a brewing crisis in the country’s aviation sector, the Central Bank of Nigeria (CBN) on Friday released the sum of $265 million to airlines operating in the country, to settle outstanding ticket sales. A breakdown of the figure indicates that the sum of $230 million …

Nigeria’s President Muhammadu Buhari, has on Friday 26th August 2022, commissioned the Gombe – kaltungo highway in Gombe state North-East Nigeria. Representing the President at the ceremony, the Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim (Pantami) described the sixty six kilometer road as a strategic project aimed …

…New Terminal to Process 14 Million Passengers Per Annum The Minister of Information and Culture, Alhaji Lai Mohammed has said relevant authorities are working towards addressing issues concerning revenue of foreign airlines that have been trapped in Nigeria, put at over $600 million. Speaking during a facility tour at the …

Local airlines, yesterday, sought approval to impose a new fuel surcharge of between 25 and 40 per cent on consumers as part of measures to cope with an upswing in the price of aviation fuel. The operators, apparently hard-hit by the surging cost of fuel and operations, said their survival …

The International Air Transport Association has said that Nigerian airlines and others across Africa will lose $700 million in 2022 due to a combination of Russia-Ukraine war and COVID-19. This was disclosed at the ongoing 78th IATA Annual General Meeting and World Air Transport Summit in Doha, Qatar. IATA said …

…Warns of vulnerability to new Android trojan apps The Nigerian Communications Commission (NCC) has alerted telecom consumers and members of the public on an ongoing cyber-vulnerability that allows a nearby hacker to unlock vehicles, start their engines wirelessly and make away with the cars. The fact that car remotes are …

…NCC Alerts Nigerians on Vulnerability The Nigerian Communications Commission (NCC) has alerted telecom consumers and members of the public on an ongoing cyber-vulnerability that allows  nearby hackers to unlock vehicles, start their engines wirelessly and make away with the cars. The fact that car remotes are categorized short range devices …

Stakeholders in the aviation sector yesterday, urged regulators to simplify the approval protocol for drone usage in the country. The aviators, at the opening of the Drone Technology Conference and Exhibition at the NIGAV Centre in Lagos, said the economy has a lot to gain from its full utilisation. Chief …