Business Archives - Page 5 of 101

Kuku mandates cash transaction cessation nationwide, gives Feb 28 deadline

Posted on February 19, 2026February 19, 2026 by Wole Shadare

Abolishes physical cash receipt The Federal Airports Authority of Nigeria (FAAN) has taken a definitive step toward modernising its revenue collection, with Managing Director Mrs Olubunmi Kuku mandating a total cessation of cash transactions nationwide by February 28, 2026. This move is not just a localised initiative but a direct alignment with the Federal Government’s broader fiscal reforms, specifically the “No Physical Cash Receipt Policy” reinforced by the Office of the Accountant-General of the…

Overland in significant milestone, achieves ISO 9001:2015

Posted on February 18, 2026 by Wole Shadare

This is a significant milestone for Overland Airways. Achieving the ISO 9001:2015 certification is a clear signal to the industry that they are tightening their grip on operational standards and Quality Management Systems (QMS). For a carrier that has carved out a niche in Nigeria’s untravelled routes—connecting secondary airports to hubs—this certification serves as a formal validation of their internal processes. ISO 9001:2015 is globally recognised. It ensures that the airline isn’t just providing good…

Lack of transit facilities greatest barrier to becoming global player-Okonkwo

Posted on February 16, 2026February 16, 2026 by Wole Shadare

Lack of transit facilities greatest barrier to becoming global player-Okonkwo · FAAN plans facilities in new terminal project United Nigeria Airlines chairman, Prof. Obiora Okonkwo, has stated that the lack of transit facilities is the single greatest barrier to becoming a global player. Without these facilities, Nigerian airports are effectively dead ends rather than the regional hubs they are geographically positioned to be. Okonkwo emphasised that flying long-haul to London or New York is nearly impossible to…

Air Peace unveil Business Class lounge at Lagos airport

Posted on February 15, 2026 by Wole Shadare

Nigeria’s flag carrier airline, Air Peace, has enhanced its premium passenger experience with the unveiling of a new Executive Lounge at the Murtala Muhammed International Airport (MMIA) in Lagos. This move aligns with the airline’s 2026 strategy to transition regional operations to daytime flights and expand its footprint across Africa, ensuring a more seamless connection for business and international travellers. The Valentine’s Day unveiling symbolised more than a ribbon-cutting ceremony; it represented the airline’s enduring…

SAHCO sets new benchmark with ISO/IEC 27001:2022 certification –

Posted on February 14, 2026 by Wole Shadare

Skyway Aviation Handling Company PLC (SAHCO) has achieved the prestigious ISO/IEC 27001:2022 Information Security Management System (ISMS) certification, becoming the only aviation ground handling company in Nigeria—and one of the very few in Africa—to attain this globally recognised standard. ISO/IEC 27001:2022 is the international benchmark for information security management, providing a comprehensive framework for protecting sensitive data, managing cybersecurity risks, and ensuring the confidentiality, integrity, and availability of information. In the highly interconnected and technology-driven…

United Nigeria Airlines unveils aggressive expansion phase

Posted on February 12, 2026 by Wole Shadare

To expand wings to US, London, UAE, Senegal, South Africa United Nigeria Airlines (UNA) celebrates its 5th anniversary by unveiling ambitious plans to expand its wings to the United States, London, and several other international destinations. Since its inaugural flight in 2021, the airline has transitioned from a domestic carrier to a regional player and is now positioning itself for global operations. The mega plans shared by the airline’s Chairman, Prof. Obiora Okonkwo, focus on…

African airlines’ traffic rose 10.3% in 2025, scrambled to accommodate demand

Posted on February 8, 2026 by Wole Shadare

The International Air Transport Association (IATA) has said that December 2025 traffic for African airlines rose 10.3% over December 2024, while the continent’s airlines’ annual traffic rose 7.8% in 2025 versus the prior year. The region finished 2025 with the fastest growth rate and highest load factor of any region. December 2025 traffic rose 7.5% compared to December 2024. It stated this in its 2025 full-year and December 2025 passenger market performance reports, which showed record-high demand. Other…

Pilots’ retention failing despite rising salaries

Posted on February 2, 2026February 2, 2026 by Wole Shadare

Data from a 2,437 pilot survey shows pay rising across regions, but mobility surging faster, forcing airlines to rethink retention beyond salary By Nathan Baker The pilot labour market has entered a phase where salary benchmarking is no longer a sufficient proxy for retention risk. The most revealing signal is not the headline pay band for a Captain on a B777 or an A320, but the widening gap between what operators pay and how willing pilots…

FAAN’s increased revenue paradox despite declined cargo throughput in 2025

Posted on January 29, 2026 by Wole Shadare

The Federal Airports Authority of Nigeria (FAAN) has reported a notable paradox in its 2025 fiscal performance: increased revenue generation and collection efficiency despite a decline in total cargo throughput compared to 2024. This shift is largely attributed to aggressive operational reforms spearheaded by the Directorate of Cargo Development and Services, aimed at plugging chronic revenue leakages and modernising legacy processes. The Authority’s ability to grow income while handling less volume stems from several strategic…

Airlines mull further fare hikes over high operational costs

Posted on January 26, 2026January 26, 2026 by Wole Shadare

…lament almost empty flights ….Why we’re flying at a loss, by Okonkwo Nigerian carriers are lamenting the sharp drop in load factor, especially after the peak Yuletide season, a situation they said is leading to revenue losses. The spokesman for Airline Operators of Nigeria (AON), the umbrella body for airlines in the country, Prof. Obiorah Okonkwo, said that from late January and into February, the carriers were practically flying empty because the market was low….

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