Business Archives - Page 6 of 104

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,…

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…

« 1 … 4 5 6 7 8 … 104 »