Business

  The certification of Lagos and Abuja airports is huge boost for Nigeria. Its coincidence with planned concession of the two facilities could be a new method to diversify the sector’s revenue. WOLE SHADARE writes     Airports before 1990s   Since airline deregulation in the 1990s, the nature of airports has changed dramatically. Airports in the 1970s and 1980s were regarded as transport infrastructure where the emphasis was providing airlines and general aviation with…

Africa needs $35bn yearly for sector in 20 years-AfDB   Minister of State for Aviation, Hadi Sirika said Nigeria would need $775bn to develop the country’s transportation infrastructure over the next 30 years.   Along the same line, the African Development Bank (ADB) estimates that the continent would need $35bn annually to develop the sector for 20 years, stressing that this ofcourse is focused on four broad sectors such as transport, transport infrastructure, electricity and rural…

The African Development Bank (AfDB) has called for bold actions to improve connectivity, market access, and cost reduction in Africa’s aviation sector.   This is coming as the financial institution disclosed that it had provided about $1bn to the African aviation sector in the last ten years.   Pierre Guislain, AfDB Vice-President for Private Sector, Infrastructure and Industrialization, made this call at the third International Civil Aviation (ICAO) Abuja on Tuesday.   The AfDB is partnering with the…

 British Airways has launched fantastic fares to selected destinations in USA from Lagos. The carrier’s customers and the general public are told to take advantage of the slashed fares from November 17th up till November 27th, 2017 for flights from Lagos to USA. The slashed fares will start from $782 to New York, $752 to Washington DC and $882 to Atlanta. Mr. Kola Olayinka, British Airways Regional Commercial Manager, West Africa, said, “British Airways is bringing USA…

World aviation summit begins on Tuesday Africa’s aviation infrastructure development and particularly that of Nigeria will come into focus at the International Civil Aviation Organisation (ICAO) World Aviation Forum (IWAF) holding in Abuja tomorrow asAfrican Development Bank, ECOWAS Bank and many other development banks will participate. Two prominent Nigerians, ICAO President, Dr. Bernard Olumuyiwa Aliu and President, AfDB, Mr. Akinwunmi Adesina would play significant role on how to help Nigeria, Africa tackle its over $300b aviation infrastructure deficit. The…

Founder of Virgin Atlantic and Virgin Group, Sir Richard Branson has joined a panel of inspiring business leaders and rising stars from across South Africa and Nigeria for Virgin Atlantic’s “Business is an adventure” event at Future Space, Johannesburg.   Hot off the heels of events across North America the “Business is an adventure” series touches down in South Africa for the first time to shine a spotlight on Africa’s talent.    The inspiring event…

The American Express Company, also known as Amex, an American multinational financial services corporation headquartered in Three World Financial Center in New York City has named Chief John Adebanjo the chairman of Amex Nigeria, the Nigerian outfit of the American multinational financial services corporation.   He emerged as the chairman of American Express Global Business Travel Nigeria following the acquisition of a controlling stake in the Nigerian unit of American Express by the ALML.   The consummate business man…

  Med-View Airline Plc has posted a profit after tax of N1.197 billion for the third quarter ended September 30, 2017. The airline in a filing with the Nigerian Stock Exchange said it posted profit after tax of N1.197 billion during the nine months as against a N1.274 billion reported in 2016, representing a drop of six per cent. Its profit before tax stood at N1.362 billion during the period under review as against a…

Airbus Helicopters has completed a ballistic development test of an HForce weapon system on a H145M on Pápa Airbase in Hungary.   The tested system included guns (FN Herstal HMP400), unguided rockets (Thales FZ231) and cannons (Nexter NC621) as well as an electro-optical targeting system by Wescam (MX15) and a helmet mounted sight display by Thales (Scorpion). All planned and required tests were performed in a tight and demanding time schedule.   “This is an…

  Konga Online Shopping Limited’s has reacted to media publication alluding that the firm takes so long to make refunds to customers after order failure.   A self-acclaimed customer, Mayowa Olakunle in a publication entitled, “Konga, Why Take Eternity Refunding To Customer After Order Failure?    A statement by PR & Government Relations Manager,  Konga Online Shopping Limited, Mrs. Oluwayemisi Mafe said by Konga’s record, they do not have a customer named Mayowa Olakunle, adding that none of their…