Business Archives - Page 5 of 102

Non aeronautical source, FAAN’s structural shift to enhance revenue drive

Posted on March 26, 2026 by Wole Shadare

The Chief Executive of Belujane Konsult, Mr Chris Azu Aligbe, has stated that the Federal Airports Authority of Nigeria (FAAN) transition from aeronautical revenue (fees from landing, parking, and passenger processing) to non-aeronautical revenue (commercial activities) is one of the most significant structural shifts in the agency’s history. He stated this with respect to the concession of many assets, including the toll gates at the Murtala Muhammed International Airport, Lagos, and the Nnamdi Azikiwe International Airport,…

ASRT wants conducive business environment, low tax, charges for sector growth

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

Seeks PPP support for infrastructure upgrade, lauds agencies’ chief Aviation Pressure Group, Aviation Safety Round Table (ASRT), today held a session in which the group put forward to the Federal Government the creation of a business-friendly environment with low taxes and tariffs. The body, in its first quarterly business breakfast meeting in 2026, held in Lagos, also sought transparent regulations, strategic investment in airports, incentivisation of airlines, and soft loans for aviation-related industries to drive…

‘Airport performance depends on more than infrastructure’

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

Airport performance is increasingly constrained not by runways, gates, or terminals, but by how well operations are coordinated and optimised. As passenger volumes grow and airport ecosystems become more complex, fragmented decision-making across teams and systems is becoming the real operational bottleneck. SITA’s new white paper outlines why optimising individual processes is no longer enough and explains how airports can unlock hidden capacity by aligning operational decisions in real time. By connecting data, teams, and…

Air Peace: Windshield crack forced air return, denies stranding passengers

Posted on March 14, 2026 by Wole Shadare

Nigeria’s flag carrier, Air Peace, has denied abandoning or leaving passengers stranded on its Abuja-London service. In a statement, the carrier explained that it had an air return due to a windshield crack suspected to have been caused by a bird strike on our Abuja–London (Heathrow) flight. It further clarified that the aircraft returned safely to Nnamdi Azikiwe International Airport, where all passengers disembarked, while our engineering team commenced the necessary technical checks. “In line…

M’ East Crisis: Qatar excludes Nigeria from emergency relief flight schedule

Posted on March 10, 2026March 10, 2026 by Wole Shadare

Given the current regional tensions and the temporary closure of Qatari airspace, Qatar Airways has indeed excluded many global destinations—including those in Nigeria—from its initial phase of relief and limited flight resumptions. The situation is fluid, but here is the breakdown of why Nigeria is currently off the schedule. Routes to Lagos and Abuja are currently not part of the emergency relief schedule. The carrier is not yet operating a full commercial schedule. Instead, they are…

CITA gets triple ISO crown certifications

Posted on March 8, 2026 by Wole Shadare

CITA Energies Limited, a prominent player in Nigeria’s aviation fueling sector, has officially secured a prestigious “triple crown” of international certifications. The awards were presented on Friday, March 6, 2026, at a ceremony held at the NIGAV Centre, Murtala Muhammed International Airport, Lagos. This milestone effectively aligns CITA’s operations across 15 airfields in Nigeria with the highest global benchmarks for quality, safety, and sustainability. The certifications, audited and issued by BlueStar Management Systems and…

AfDB unveils regional Sukuk platform to finance continent’s aviation

Posted on March 6, 2026 by Wole Shadare

IATP to de-risk investments, to attract private, institutional capital The African Development Bank Group (AfDB) has officially launched the Integrated Aviation Transformation Program (IATP), a major continent-wide initiative designed to address the structural bottlenecks and high costs that have historically hindered African aviation. Unveiled during the Airlines, Capital and Connectivity Forum in Nairobi (held February 25–26, 2026), this platform aims to mobilise billions of dollars to modernise the sector and improve regional connectivity….

Source: How pressure from Finance Ministry caused FAAN’s cashless policy setback

Posted on March 5, 2026March 5, 2026 by Wole Shadare

The pressure from the Ministry of Finance, through a memo to the Federal Airports Authority of Nigeria (FAAN), for a March 1, 2026, deadline, without adequate preparation and infrastructure for the cashless policy at the two major airports in Lagos and Abuja, has been attributed to a catastrophic failure of the entire process. A source who was privy to the memo between the office of the Ministry of Finance but who pleaded anonymity because he…

Cashless policy: Failed electronic transfers persist, users frustrated, FAAN works on solution to crisis

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

Minister apologises, assures policy success Why contactless payments are faster-FAAN MD Travellers lament delays, bottlenecks For decades, the sound of the Nigerian airport experience was defined by the clinking of coins and the rustling of naira notes at toll gates. But as of March 1, 2026, that sound has been replaced by the digital beep of scanners and, more recently, the frustrated honking…

FCCPC Uncovers Price Manipulation By Airlines During 2025 Festive Season

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

Carriers to face heavy fines over exploitative fares The Federal Competition and Consumer Protection Commission (FCCPC) released an interim report on February 26, 2026, uncovering significant patterns of price manipulation by domestic airlines during the December 2025 festive season. While the Commission has not yet issued the final fines, it has established a legal basis for significant penalties under the FCCPA 2018. The investigation, led by Executive Vice Chairman Tunji Bello, concluded that while demand…

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