The CBN acting Director, of the Corporate Communications Department, Hakama Sidi, who made this known in a statement yesterday, disclosed that the disbursement was done through various Deposit Money Banks (DMBs) in the country. She added that the apex bank has also redeemed outstanding forward liabilities amounting to about $2 billion in the past three months, …
Lagos State Government has once again promised to construct a new international Airport at the Lekki Epe corridor of the State in the next one or two years. The airport is expected to accommodate about 350 aircraft at a time and take care of about 5 million travelers annually. Gbenga Omotoso, the state commissioner for …
Lagos State Gives Completion Date, Targets for New International Airport at Lekki Read More »
In a bid to expedite the upgrade and expansion of the country’s railway networks, the Federal Ministry of Transportation is seeking to access low-interest loans from the Bank of Industry (BOI) to fund railway projects nationwide. The Permanent Secretary of the Federal Ministry of Transportation/Marine and Blue Economy, Dr. Magdalene Ajani said during a meeting …
Permanent Secretary seeks low-interest loan from BOI for completion of railway projects Read More »
The Ministry of Aviation, says it is working on plans to ensure that commercial airlines operating in Nigeria pay compensation to passengers for delayed or canceled flights starting from January 2024. The Minister of Aviation, Festus Keyamo, said this when he appeared before the Joint Committee of the National Assembly on Aviation for 2024 budget …
Airlines to pay compensation for delayed, canceled flights — Aviation Minister Read More »
Air Peace has been conferred with the “Best Airline for Customer Service, West Africa” for 2023 at the Global Brand Awards. The Global Brand Awards, an annual event by Global Brands Magazine (GBM) based in England, strives to honor worldwide brands that distinguish themselves across diverse industries while ensuring that readers are up-to-date on pivotal …
Air Peace Wins Best Airline for Customer Service Read More »
In a major shakeup in the aviation sector, the Minister of Aviation and Aerospace, Festus Keyamo, has relieved the appointment of directors of key regulatory agencies, including the Nigerian Airspace Management Agency, NAMA, Nigerian Civil Aviation Authority, NCAA, Nigerian Meteorological Agency, NiMET, amongst others. Others include the Federal Airport Authority of Nigeria, FAAN, and the …
Aviation Minister sacks all directors of NAMA, NCAA, NiMET, others Read More »
The federal government is working on providing subsidies to airlines in the country to help reduce the high cost of air travel. It was discussed that passengers traveling would be given a form to fill out by the airline they are flying. The airlines will then forward the completed forms to the Central Bank of …
President Bola Tinubu on Monday, December 18, said the federal government is taking measures to alleviate the high cost of transportation by granting waivers to operators in the air, road, and rail transportation systems. President Tinubu gave the assurance during a meeting with members of the Newspaper Proprietors’ Association of Nigeria (NPAN), who paid him …
President Bola Ahmed Tinubu on Monday in Maiduguri commissioned a fleet of 107 mass transit vehicles, including 50 electric taxis in the second phase of Governor Babagana Umara Zulum’s metro transport scheme. Speaking at the ceremony, the President lauded Governor Babagana Zulum for his foresight and people-oriented policies and projects. He disclosed that the Federal …
Tinubu inaugurates Nigeria’s first electric taxis in Maiduguri Read More »
The Central Bank of Nigeria has been cautioned by the International Air Transport Association (IATA) regarding the potential departure of certain foreign airlines from the Nigerian markets. This warning stems from the existing challenge of $792 million in ticket revenue currently inaccessible within the country. Kamil Alawadhi, the IATA regional vice president for Africa & …
