Business

The Managing Director of National Inland Waterways Authority (NIWA), Mr. Boss Mustapha has assured that the agency would strategically grow new business across the Nigerian Inlands Waterways and also embark in wealth creating infrastructure that will add value to water transportation in the country. Briefing workers of Lagos area office of the agency, which is saddled with the responsibility of regulating inland waterways transportation in Nigeria, the NIWA boss told the workers to brace-up for…

*Over $3b illegal animal trade in Africa The Federal Government has shut down the warehouses of two reputable aviation handling companies, the Skyway Aviation Handling Company Limited (SAHCOL) and Nigerian Aviation Handling Company Plc (NAHCO) for allegedly housing illegal items meant for export. The Federal Units Operations of the Nigerian Customs Service (NCS) had late on Monday shut down Lagos export unit of both handling companies following a tip off about some donkey skin some…

The President, National Association of Nigeria Travel Agencies (NANTA) has called for regular training and retraining of travel agents so as to change their work ethics and spread prosperity across board. He stated this during a visit to the Director-General of National Institute for Hospitality and Tourism (NIHOTOUR) Mrs. Chika Balogun in Abuja. Bernard restated the resolve of his administration to ensure a sustainable training and retraining programme for travel agents throughout his tenure. He…

Lagos State chapter of Hotel Owners Association has called on President Muhammadu Buhari to extend the ongoing probe to the Federal Airports Authority of Nigeria (FAAN). Speaking with journalists in Lagos, the spokesman of the association, Jubril Agabi, alleged that the organisation, which is statutorily charged to manage all commercial airports in Nigeria, has turned to an organ of exploitation to hotel owners. He added that rather than encourage hotels to promote tourism in Nigeria,…

  British Airways has commenced an instant rewards scheme for customers in Nigeria, with all travellers who are non-members of the airline’s Executive Club loyalty programme receiving frequent flier miles upon check-in.   Speaking on the new initiative which began last week at the Murtala Muhammed International Airport, Lagos, the Regional Commercial Manager, West Africa, at BA, Mr Kola Olayinka, observed that customer details would now be automatically registered for BA Avios, whether or not…

Emirates Flight Training Academy, the new world class flight training facility developed by Emirates airline to respond to the industry’s growing need for pilots, has signed an agreement with Boeing under which both organizations will collaborate on a comprehensive training curriculum and software infrastructure to support Academy operations.  Emirates Flight Training Academy, currently under construction at Al Maktoum International Airport- Dubai World Central (DWC) and scheduled to open in October 2016, will combine best practices…

Given the global macro challenges, it is estimated that air transport business in major African cities, including Nigeria declined by $1 per passenger since the slide in oil prices two years ago. This translates to over $200 million considering that Africa’s air traffic for 2015 was put at over 200 million. The aviation sector is said to cater for 3.5 billion passengers globally and is said to be a major facilitator for as much as…

A Chicago based NGO, USA Africa Economic and Business Development Center, has pledged to help Nigeria grow its business potentials by partnering potential entrepreneurs to facilitate easy business start-ups, especially for the less-privileged. Beside business promotion, the Centre will also help in encouraging, inspiring and motivating the youth and young adults in entrepreneurship by promoting peace and unity with various participating countries which will in no small measure honour the continent of Africa.   Towards…

*We are reconciling with AMCOM-Tukur Hon. Justice Chuka Austine Obiozor of The Federal High Court Lagos Division has granted an interim injunction against Afrijet Airlines Limited, owned by Chief Vitalis Ibe on the application of Asset Management Corporation of Nigeria (AMCON). The obligor owes AMCON nearly N10 billion. AMCON purchased the Eligible Bank Assets (EBAs) sometime in 2011 from the defunct FinBank and Bank PHB. A director in Afrijet, Alhaji Mohammed Tukur confirmed the development,…

ASKY, the Pan African Airlines has taken delivery of its latest NextGen aircraft, the Boeing 737-800. The aircraft was received at Lomé (ASKY’s Hub).   Dignitaries at the event included the Togolese air transport industry authorities among whom were Colonel Gnama Dokissime, Director General of the National Civil Aviation Agency, Mr. Malik Natchaba, Director General of Lomé Tokoin Airport Company (SALT), the overall Managing committee of ASKY Airlines headed by Mr Yemane Fitwi, Director Finance…