Category : Search result: airline financing


Mexican budget airlines Volaris and Viva agree to merge

Volaris and Viva, two leading Mexican low-cost carriers, have agreed to merge, pending 2026 regulatory approval. The deal aims to expand affordable air travel in Mexico amid industry turbulence. Read the full details.

Man Pays N200k for Air Peace Flight, Criticises Service

A Nigerian man, Sammie, shares his experience flying Air Peace for N200,000. He criticises being served water in a plastic cup and an all-white crew on the one-hour flight. Read his full story and public reactions.

FG Pushes States to Lead Disaster, Poverty Response

Federal Government mandates states to lead humanitarian and poverty reduction efforts. New 'One Humanitarian, One Poverty Reduction System' aims to harmonise interventions and boost accountability.

N37.59tr Maritime Trade Renews Call for Local Shipping

Nigeria's massive N37.59 trillion sea trade in Q3 2025 highlights a critical need for a strong indigenous shipping industry. Experts warn of billions in annual losses and urge action on the dormant Cabotage Fund to reclaim maritime wealth.

Court Stops Sale of Embraer Jet, Orders Show Cause

A Federal High Court in Abuja has issued an interim order restraining the sale of an Embraer EMB-145LR aircraft. Justice M. A. Madugu granted the order and gave defendants seven days to respond. Read the full details.

How Boko Haram Gets Money: 4 Funding Sources Revealed

Nigerian journalist Ahmad Salkida details Boko Haram's adaptive financial model, from community donations to criminal enterprises, explaining its resilience against military pressure. Read the full analysis.

Ex-CBN Gov Emefiele Denies Sponsoring Terrorism

Former CBN Governor Godwin Emefiele has vehemently denied allegations of financing terrorism in Nigeria, describing the reports as malicious and baseless. Read his full statement and the context of the claims.

Nigeria Must End Reliance on Foreign Health Aid - Presidency

Presidential adviser Dr. Salma Anas warns Nigeria's health system is vulnerable due to over-reliance on foreign grants and high out-of-pocket payments. The government is pushing for Domestic Resource Mobilisation to achieve Universal Health Coverage.

ValueJet Graduate Trainee Programme 2025: Apply Now

ValueJet Airline invites Nigerian graduates to apply for its 2025 Graduate Trainee Programme. Gain hands-on aviation experience, mentorship, and career growth. Applications close 31 December.

Bank CEO Calls for $25bn Aviation Fund in Nigeria

Fidelity Bank CEO Nneka Onyeali-Ikpe urges the Federal Government to create specialised funding from the CRR to bridge Nigeria's $25 billion aviation finance gap and support fleet growth.

$50m Credit Boost for Northern Nigeria MSMEs

British International Investment and FCMB partner to provide a $50 million credit facility, with 70% targeting MSMEs in Northern Nigeria and 30% for women-owned businesses nationwide. Read more.

$5B Africa Energy Bank HQ Complete in Abuja

Nigeria has completed the headquarters of the $5 billion Africa Energy Bank in Abuja. Minister Heineken Lokpobiri confirms all host obligations are met, paving the way for operations to begin. Read more.

Trump Closes Venezuela Airspace Amid Tensions

US President Donald Trump declares Venezuela airspace closed as military tensions escalate. Six major airlines suspend flights amid security concerns. Read full details.

Trump closes Venezuela airspace in major escalation

US President Donald Trump has declared Venezuela's airspace closed, escalating tensions with Nicolas Maduro. Major airlines have suspended flights, disrupting regional travel. Read the full details.

Airbus A320 Software Update Causes Flight Chaos

Global air travel faces major disruptions as Airbus mandates urgent software upgrades for up to 6,000 A320 aircraft following a safety incident. Learn how this affects Nigerian travelers.

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