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Why NAMA can't operate beyond 12 hours daily -MD
Aviation

Why NAMA can’t operate beyond 12 hours daily -MD

The Managing Director of the Nigerian Airspace Management Agency, Matthew Lawrence Pwajok, has disclosed why the agency can’t operate beyond 12 hours daily. Pwajok made this known at the 26th annual conference of the League of Airport and Aviation Correspondents which was held at the Sheraton Hotels and Suites, Ikeja area of Lagos State. According […]

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Flights to South-South most expensive - NBS
Aviation

Grant special waivers to airlines, expert tells FG

The Chairman of the Association of Approved Aviation Training Organisations in Nigeria, Mr Bankole Bernard, has called on the government to grant special waivers to airline operators as a means of saving the aviation sector. The aviation sector in recent weeks has been rocked with various complaints from passengers over the high cost of flight […]

Power generation dropped 43mw after worker's strike - FG
Electricity

FG owes N100bn electricity subsidy – Discos

Electricity distribution companies have said that the Federal Government had failed to pay the N100bn subsidy on electricity since the privatisation of the sector in November 2013. They reacted on Sunday to the takeover/restructuring of five Discos by the Federal Government through the Bureau of Public, describing the move as a backdoor renationalisation of the […]

Power generation dropped 43mw after worker's strike - FG
Energy

FG may suspend distribution of free four million meters

Phase 1 of the National Mass Metering Programme slated for distribution in August, funded by the Federal Government has been halted following allegations of fraud against some of the Meter Asset Providers by the Central Bank of Nigeria. An anonymous source told The PUNCH that power distribution companies were yet to be furnished with meters […]

News

1.9 million vulnerable Nigerians’ll get N20,000 each –FG

The Federal Government has said that more than 1.9 million vulnerable Nigerians will benefit from about N38bn being disbursed as grants of N20,000 each to beneficiaries under its Grant for Vulnerable Groups programme. Data released in Abuja on Friday by the National Cash Transfer Office of the Federal Ministry of Humanitarian Affairs and Disaster Management […]

Banking

MasterCard, JPMorgan, others partner to boost payment choices

MasterCard says it has welcomed a raft of new global partners to its innovative MasterCard Installments programme and is expanding it further to support small businesses. According to the company, this illustrates the demand for powerful buy now, pay later (BNPL) experiences from familiar and trusted brands. MasterCard said several new partners were providing support […]

Trapped funds: CBN to give foreign airlines $150m
News

Abolish official exchange rate, BDC operators tell CBN

The Association of Bureaux De Change Operators of Nigeria has urged the Central Bank of Nigeria to float the naira to halt its further depreciation. The President of ABCON, Alhaji Aminu Gwadabe, made the appeal on Saturday in an interview with the News Agency of Nigeria in Lagos. Gwadabe said that the CBN should do […]

FILE: Pilot
Aviation

Nigeria, others need 20,000 pilots –Report

Africa will need 20,000 pilots, 21,000 technicians, and 26,000 cabin crew to overcome the dearth of professionals in the industry, aircraft giant, Boeing, has said. The plane maker stated this in its 2022-2041 Pilot and Technician Outlook. According to the PTO, Africa is set to need 20,000 pilots, 21,000 technicians, and 26,000 cabin crew. Meanwhile, […]

100% cashless economy possible in Nigeria - Emefiele
Economy

CBN vows to curb further naira devaluation

The Central Bank of Nigeria has reiterated its commitment to preventing a further devaluation of the Nigerian naira in the foreign exchange market. This was disclosed by the Director of Corporate Communications, CBN, Mr Osita Nwanisobi, in a statement on Friday, according to The PUNCH. The apex bank advised Nigerians to resist the urge of […]

Aero Contractors suspends operations
News Ports and Airports

Establish aviation bank to save dying airlines, don tells FG

The Director, Centre for International Advanced and Professional Studies, Prof. Anthony Kila, has urged the Federal Government to establish a Bank of Aviation. The bank, he said, was necessary to make airlines have easier access to foreign exchange. Kila made this known at the League of Airport and Aviation Corespondents 26th Annual Conference, on Thursday. […]

Aviation

Domestic airlines lose N4.3bn yearly -Ibom Air CEO

The Chief Operating Officer of Ibom Air, George Uriesi, said domestic airlines lose at least N4.3 billion annually due to their inability to operate 24 hours flights daily to the airports of their choice. Uriesi made this known while speaking at the 26th Annual Conference of the League of Airport and Aviation Correspondents on Thursday […]

Flights to South-South most expensive - NBS
News

Passengers lament as one-hour flight hits N100,000

A one-hour journey within Nigeria now costs more than one hundred thousand (N100,000) naira, causing air passengers to lament bitterly at the excessive charges airline operators have imposed. Findings revealed that economy class domestic tickets from Lagos to Abuja via Arik Air, United Nigeria and Air Peace as of the time of filing this report […]

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