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 …
Read More »FG Begins Talks With Airlines Over $600 Million Trapped Funds
…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 …
Read More »Local Airlines Seek 40% Fuel Surcharge, Waivers as Jet A1 Hits N822/litre
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 …
Read More »Nigerian Airlines, Others to Lose $700 Million in 2022 – IATA
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 …
Read More »Stakeholders Urged ONSA to Simply Approval Processes to Drone Technology
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 …
Read More »Over 6.4 Million Passengers Travelled Through Nigerian Airports in 6 Months
A total of 6,420,820 passengers travelled through domestic and international airports in Nigeria between January and June this year, representing 50.5 per cent increase over 4,267, 409 recorded same period in 2020. Passengers Traffic Statistics Report made available to News Agency of Nigeria (NAN) by Federal Airports Authority of Nigeria …
Read More »FG Issues 2.74 Million Passports in Two years — Minister of Interior
The Federal Government says the stress associated with the application and collection of passports will soon be a thing of the past as 2.74million passports have been issued in two years. The Minister of Interior, Rauf Aregbesola, stated this at the weekly State House Press Briefing on Thursday in Abuja on …
Read More »NCAA Calls for Regulatory Framework on Drone Deployment
Amid the deterioration of worsening insecurity in Nigeria, the federal government has made moves to design a regulatory framework on drone deployment in the country. Amid the deterioration of worsening insecurity in Nigeria, the federal government has made moves to design a regulatory framework regarding drones in the country. The …
Read More »20 Countries Lift Travel Restriction on Vaccine Passport Holders
More than 20 countries have wholly or partially lifted travel restrictions for vaccine passport holders ahead of the summer travels. International carriers have applauded the growing number of countries making data and “evidence-driven” decisions to open their borders to vaccinated travellers, urging more countries to fall in line. Among the …
Read More »Airlines Record 73% Traffic Slump Amid Restrictions, Quarantine
Airlines in Nigeria and other African countries have recorded 73.7 per cent slump in passenger traffic for the month of March 2021. The downturn, though a global trend, is not unconnected with travel restrictions and quarantine in many countries. The International Air Transport Association (IATA), in the March passenger traffic …
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