Business Archives - Page 6 of 104

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…

Nation playing aviation underinvestment catch-up, says Kuku

Posted on March 27, 2026March 27, 2026 by Wole Shadare

Infrastructure only half the battle, warned Sanusi, Uriesi The Managing Director of the Federal Airports Authority of Nigeria (FAAN), Mrs Olubunmi Kuku, delivered a blunt assessment of Nigeria’s aviation investment climate at the first-quarter 2026 Aviation Safety Round Table Initiative (ASRTI) Business Breakfast Meeting in Lagos on Thursday. Kuku noted that the country is still playing catch-up after years of underinvestment, stressing that the government alone cannot fund the scale of development required across…

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,…

« 1 … 4 5 6 7 8 … 104 »