Business Archives - Page 2 of 104

Airlines debt crisis triggers safety concerns, Bernard urges NCAA financial audit

Posted on September 17, 2026 by Wole Shadare

Group Managing Director of Finchglow Holdings, Mr Bankole Bernard, said the piling up of debts by airlines and the crisis between the Nigerian Civil Aviation Authority (NCAA) and the carriers over withholding of Ticket Sales Charge (TSC) and Cargo Sales Charge (CSC) was a sign that the airlines are in the red. He urged the aviation regulator to compel carriers to open their books to scrutiny by submitting their financials to the NCAA, warning that…

Insurance protection gap threatens Nigeria’s economic resilience

Posted on September 17, 2026September 17, 2026 by Wole Shadare

Nigeria’s economic growth could remain vulnerable to major financial shocks unless the country urgently addresses its wide insurance protection gap. SanlamAllianz Life Insurance Nigeria Limited Chairman, Dr Femi Oyetunji, says millions of households, businesses, and public assets remain exposed to losses that could undermine economic stability. Speaking on Wednesday at the All-Inclusive Mass Media Training on Insurance Awareness, Oyetunji said the insurance challenge should no longer be viewed as an industry-specific issue, but as a…

Streamlining Cargo Operations: FAAN Engages Top Freight Agents

Posted on September 12, 2026September 12, 2026 by Wole Shadare

The Federal Airports Authority of Nigeria (FAAN) has moved to boost Nigeria’s air cargo ecosystem by holding a strategic engagement with the top 100 Licensed Customs Agents operating at the Pilgrims and Cargo Terminal (PCT) of the Murtala Muhammed International Airport, Lagos. Organised by FAAN’s Directorate of Cargo Development and Services (DCDS), the forum focused on resolving operational bottlenecks, strengthening inter-agency collaboration, and improving overall service delivery across the air cargo value chain. Stakeholders highlighted…

Sanctuary of Memory: How NAHOF inspires the Next Generation of aviators

Posted on September 8, 2026September 8, 2026 by Wole Shadare

At a historic gathering marked by profound national pride and aviation grandeur, stakeholders, industry captains, government dignitaries, and veteran aviators convened in Lagos for the official unveiling of the Nigeria Aviation Hall of Fame (NAHOF) montage at Murtala Muhammed Airport 2 (MMA2). Designed as a permanent sanctuary of memory, excellence, and inspiration, the institution pays homage to the trailblazers, visionaries, and courageous aviators whose contributions built the nation’s aerospace sector from its infancy to modern…

Qatar Airways accelerates fleet-wide Starlink rollout on 150 wide-body aircraft

Posted on August 21, 2026August 21, 2026 by Wole Shadare

Qatar Airways, the operator of the world’s first and largest Starlink-equipped wide-body fleet, has become the first airline to operate Starlink-equipped Boeing 787-9 aircraft globally. The carrier has also completed Starlink rollout across its Boeing 787-8 sub-fleet in seven months, bringing the total number of its Starlink-equipped wide-body aircraft to 150. The airline remains on track to complete the Starlink rollout across its Boeing 787 fleet by the end of 2026. The latest achievement builds on…

N500bn Drain: Reclassifying NCAA as a cost-recovery body critical for safe skies

Posted on August 17, 2026August 17, 2026 by Wole Shadare

For years, the Federal Government has treated the Nigerian Civil Aviation Authority (NCAA) as a national cash cow, misclassifying it as a “revenue-generating agency.” Under the sweeping automatic deduction policy, an estimated N500 billion ($362 million) derived from the 5% Ticket Sales Charge (TSC) and Cargo Sales Charge (CSC) has been systematically drained from the agency into the Consolidated Revenue Fund and the Treasury Single Account (TSA). To bureaucrats in Abuja, this half-a-trillion-naira windfall looked…

NCAA to mandate RFID luggage tracking to end airport baggage mismanagement

Posted on August 11, 2026 by Wole Shadare

In a regulatory push to eliminate chronic baggage delays and missing luggage across domestic and international terminals, the Nigeria Civil Aviation Authority (NCAA) is preparing to mandate Radio Frequency Identification (RFID) tracking technology across airports nationwide. The automated system will replace the legacy barcode-centric framework, granting both airlines and passengers real-time visibility of checked luggage from check-in to final reclaim. Speaking at a stakeholder engagement forum on Tuesday, Michael Achimugu, Director of Public Affairs &…

Decade-old geriatric tools, budget deficits: NAMA’s strategic modernisation plan

Posted on August 10, 2026 by Wole Shadare

The Managing Director of the Nigerian Airspace Management Agency (NAMA), Farouk Ahmed Umar, has revealed that the agency has made significant progress in overcoming critical operational hurdles since his appointment three years ago, despite persistent financial constraints and ageing infrastructure. Speaking to Aviation Metric in Abuja at the weekend, Umar detailed the state of the country’s Communication, Navigation, and Surveillance (CNS) architecture when the administration took office in 2023, outlining the steps taken to modernise Nigeria’s airspace….

NCAA projects ₦1.129 trillion from TSC, CSC in 2026

Posted on August 9, 2026 by Wole Shadare

Lawmakers move to overhaul revenue formula Tension is mounting across Nigeria’s aviation sector as the National Assembly considers an amendment bill to overhaul the revenue-sharing formula for the 5% Ticket Sales Charge (TSC) and Cargo Sales Charge (CSC). This is coming as the Nigeria Civil Aviation Authority (NCAA) projects a total yield of ₦1.129 trillion from both charges in 2026, comprising ₦777 billion from the TSC and ₦352 billion from the CSC, according to its…

Dangote Refinery Outpaces US to Remain Europe’s Top Jet Fuel Supplier

Posted on August 6, 2026 by Wole Shadare

Dangote Petroleum Refinery & Petrochemicals has solidified its status as a major global exporter of premium aviation fuel, retaining its position as Europe’s largest jet fuel supplier for the second consecutive month and outstripping traditional energy giants like the United States. Data compiled by commodities intelligence firm Kpler reveals that the 700,000-barrel-per-day (bpd) facility delivered over 400,000 tonnes of jet fuel to Europe in July. The volume accounted for roughly 20 per cent of the…

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