Business Archives - Page 3 of 101

Tension, uncertainty as NCAA, operators, oil marketers meet today over jet A1 scarcity, high cost

Posted on April 22, 2026April 22, 2026 by Wole Shadare

Fuel hike, logistic issues cripple domestic schedules, trigger global airline chaos Airlines’ losses exceed $3 billion in two months, mull fare hike The jet fuel crisis has reached a boiling point, leaving Nigerian aviation in a state of high-tension uncertainty. While the industry narrowly avoided a total nationwide shutdown on Monday, the scarcity bite is translating into widespread flight cancellations and a crippled domestic schedule. All eyes are on today, when airlines under the aegis…

Major oil marketers counter airline operators’₦3,300 claim, cites cheaper jet fuel options

Posted on April 16, 2026 by Wole Shadare

Ditch spot pricing to survive volatile Jet A1, says MEMAN The dispute between the Airline Operators of Nigeria (AON) and the Major Energies Marketers Association of Nigeria (MEMAN) has reached a boiling point, with both sides presenting vastly different accounts of current pricing and market realities. In a letter dated April 14, AON President Abdulmunaf Sarina warned that the price of Jet A1 (aviation fuel) had spiked from ₦900 per litre in February to ₦3,300…

Airlines cite 300% local manipulation for jet fuel hike, plan shutdown

Posted on April 15, 2026April 15, 2026 by Wole Shadare

Say surge in price not sustainable, wants FG’s intervention The Airline Operators of Nigeria (AON) have issued a formal notice to suspend flight operations nationwide starting Monday, April 20, 2026, citing the unsustainable surge in the price of Jet A1 (aviation fuel). They described the April 20 shutdown as a final plea for government intervention to prevail on marketers and stabilise pricing. At least one airline has already been forced to suspend all operations…

African aviation’s tech spend isn’t delivering full value – SITA report

Posted on April 15, 2026April 15, 2026 by Wole Shadare

The latest SITA Air Transport IT Insights report for 2025/2026 highlights a critical paradox in the African aviation sector: while IT spending is on the rise, the full value of these investments is being choked by systemic and structural bottlenecks. The 2025 report identifies poor data integration as the single largest barrier to ROI. Airlines and airports are spending a record $50.8 billion globally on IT. The African Reality: While 83% of airlines prioritise data-driven…

Aviation Evolution: Nigeria Secures 20-Year Strategic Roadmap from ICAO in Marrakech

Posted on April 14, 2026 by Wole Shadare

Nigeria reached a significant aviation milestone during the opening session of the ICAO Global Implementation Support Symposium (GISS) in Marrakech, Morocco. Nigeria, alongside 21 other nations, endorsed the Marrakech Call to Action. The Minister of Aviation and Aerospace Development, Festus Keyamo, officially received Nigeria’s Civil Aviation Master Plan (CAMP) from the International Civil Aviation Organisation (ICAO). This 20-year roadmap (2025–2045) is designed to fundamentally restructure and modernise Nigeria’s aviation sector. By adopting this plan, Nigeria moves closer to its goal…

FG grants NAMA approval to find lasting solution to obsolete radar

Posted on April 12, 2026 by Wole Shadare

Following a high-level briefing from the Ministry of Aviation and Aerospace Development, President Bola Ahmed Tinubu has authorised the Nigerian Airspace Management Agency (NAMA) to find a lasting solution to the geriatric total radar coverage of Nigeria (TRACON). There are indications that the government may consider releasing funds to overhaul and modernise Nigeria’s aging radar infrastructure. In a significant move for Nigeria’s aviation safety, the Managing Director of the Nigerian Airspace Management Agency (NAMA), Umar Farouk Ahmed,…

Delta, Amazon Leo ink deal to deliver next era connected travel, digital experiences

Posted on April 7, 2026April 7, 2026 by Wole Shadare

Delta Air Lines and Amazon, two global leaders driving the future of travel and technology, are launching a long-term collaboration to unlock the next generation of tech-enabled travel experiences. The new agreement will bring high-speed, low-latency internet from Amazon Leo to Delta aircraft, building on the airline’s use of Amazon Web Services (AWS) across its operations and ushering in a new era of connected experiences for Delta customers and employees alike. Delta will harness Amazon…

Okonjo-Iweala: Nigeria’s air connectivity index declined by 21%, lauds sector’s reforms

Posted on April 1, 2026April 1, 2026 by Wole Shadare

20% more expensive to operate within Africa than in Europe, Asia The Director-General of World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has noted that while other African hubs have surged, Nigeria’s connectivity has notably stagnated or regressed in key metrics over the last decade. Referencing data from the International Air Transport Association (IATA), long-term tracking shows a stark divide in how Nigeria connects to the world. That specific observation hits at the core of the…

Nigeria-Accra Route: Lifeblood of Nigerian Regional Aviation

Posted on March 31, 2026March 31, 2026 by Wole Shadare

The Lagos–Accra corridor is currently the most competitive regional route in West Africa. The entry of new players and the expansion of existing ones have shifted the market from a stable duopoly into a high-frequency battleground, writes WOLE SHADARE For decades, the Lagos-Accra air corridor has been the undisputed golden route of West African aviation. With Nigerian airlines seeking dollar-denominated revenue to hedge against local-currency volatility, the 45-minute flight to Ghana has become the primary theatre…

Nigeria’s travel agencies lost N1 billion to ADMs in 2025

Posted on March 29, 2026 by Wole Shadare

At the recent PartnerPlus Connect 14.0 event in Lagos, industry leaders revealed that Nigerian travel agencies lost at least ₦1 billion to Agency Debit Memos (ADMs) in 2025. The forum, hosted by Finchglow Travels (a leading travel consolidator), brought together airlines, Global Distribution System (GDS) providers, and travel agents to address these “leaks” that are currently threatening the survival of many agencies. An Agency Debit Memo (ADM) is essentially a fine or an invoice issued by an airline to a travel agent…

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