Business Archives - Page 5 of 103

Nigeria to deepen aviation ties with UK

Posted on April 26, 2026 by Wole Shadare

British Airways celebrates 90 years of Air service to Nigeria President Bola Ahmed Tinubu has reaffirmed Nigeria’s commitment to deepening economic relations with the United Kingdom, particularly in the aviation sector and other mutually beneficial areas. Tinubu gave the assurance when he met with a delegation from British Airways led by the British High Commissioner to Nigeria, Dr Richard Montgomery and the Commercial Officer of British Airways, Mr Colm Lacy, at the Presidential Villa,…

Thomas: Why Nigeria trails counterparts in air cargo sector

Posted on April 26, 2026 by Wole Shadare

UK‐Nigeria trade hit £8.1 billion Q4 2025 The Director of Cargo Development and Services, Lekan Thomas, said it is a striking irony that Nigeria—the continent’s economic powerhouse—lags significantly behind its peers in the air cargo sub-sector. He disclosed that while the nation ranks fifth in air cargo traffic behind Ethiopia, Kenya, South Africa, and Ghana, some recent industry data actually suggests an even more precarious position for Nigeria when factoring in the sheer dominance of…

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…

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