Day: 12 February 2024

Foreign airlines fear $200m loss over naira depreciation

The International Air Transport Association, the Geneva-based trade association representing world airlines, has expressed fears that foreign airlines operating in Nigeria, may lose about $200m to exchange rate depreciation. IATA Regional Vice-President for Africa and the Middle East, Kamil Al Awadhi, said the issue of trapped funds was being exacerbated by the depreciation of the …

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NCAA takes action to lower high International airfare costs in Nigeria

The Nigerian Civil Aviation Authority (NCAA) has established a committee aimed at reducing the high costs of airfares, especially for international travel. This announcement was made by Captain Chris Najomo, the Acting Director-General of the NCAA, via a video press release posted on the Authority’s official X (formerly Twitter) handle on Monday. Najomo, who noted …

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Transport Minister Charges Agency Heads to Pursue Foreign Direct Investments

The Minister of Transportation, Sai’d Alkali, has charged heads of departments and agencies to explore avenues of collaboration that will boost operational efficiency and performance and foreign direct investments into the transport sector. “With the impending Land Transport Policy, coupled with well-defined objectives and strategies, we anticipate an influx of international private investors into our …

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Julius Berger Nigeria Plc sets to execute rehabilitation of Cotonou roads

Leading engineering construction company, Julius Berger Nigeria Plc has raised the bar in the industry as the company has its sail set for Cotonou, Republic of Benin where it is breaking new grounds with a highbrow contract to rehabilitate and improve access roads and crossings in the burstling commercial city, the company’s Managing Director, Engr. …

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Oyetola Applauds NPA For Efforts To Make Nigerian Ports Eco-Friendly

The Minister of Marine & Blue Economy, Gboyega Oyetola has applauded the management team of the Nigerian Ports Authority, NPA for compliance with the ministerial directive to take cognizance of global energy transition in its port modernization project by deliberately factoring in measures that promote energy efficiency thereby making the ports Eco-Friendly. Oyetola made these …

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