Zenith Bank Opens Côte d'Ivoire Subsidiary to Expand in West Africa
Zenith Bank Plc has launched a subsidiary in Côte d'Ivoire to strengthen its presence in Francophone West Africa and boost financial intermediation within the WAEMU region.
Category : Aviation
Ibom Air Warns of Flight Cuts as Fuel Cost Hits N7.6m
Ibom Air warns it may reduce flight operations as aviation fuel costs surge to N7.6 million per flight, a 350% increase since January, threatening sustainability.
Plane Crash in South Sudan Kills All 14 On Board
A small aircraft operated by CityLink Aviation Ltd crashed near Juba, South Sudan, killing all 14 passengers and the pilot. Poor visibility and adverse weather are suspected.
CPPE Praises FG Airlines Debt Relief, Seeks Cost Reform
The Centre for the Promotion of Private Enterprise (CPPE) commends President Tinubu for approving 30% discount on airlines' debts, calls for comprehensive aviation cost reform.
Ibom Air: Aviation Fuel Cost Up 350% in Nigeria
Ibom Air reports over 350% rise in aviation fuel cost per flight since January, from N2.1m to N7.6m, warning of unsustainable conditions and potential capacity cuts.
Nigeria Airlines Face Delays, Debt Threats as Fuel Crisis Worsens
Nigeria's aviation fuel crisis deepens, causing flight delays and cancellations. Airlines face 300% price surge and N9 billion debt ultimatum from ground handlers.
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Nigerian Airlines Threaten Shutdown Over Fuel Price Surge
Nigeria's domestic airlines issue 48-hour ultimatum to government, warning of 7-day shutdown from April 30 due to 300% aviation fuel price hike.
Air Peace, Others Announce April 30 Shutdown Over Fuel Costs
Nigeria's aviation sector faces shutdown as airlines warn of suspending operations from April 30 over soaring Jet A1 fuel costs, up 300% since February.
VivaJets Joins Africa CEO Forum for Mobility Push
VivaJets, a Nigerian business aviation firm, will serve as strategic mobility partner at the Africa CEO Forum in Kigali, aiming to improve connectivity for leaders across the continent.
Handlers May Suspend Services Over N9bn Airline Debt
Aviation ground handlers in Nigeria issue a 7-day ultimatum to airlines over over N9 billion debt, warning of possible service withdrawal from April 28, 2026.
NCAA Worried by Domestic Airlines' Service Failures
The NCAA has expressed concern over rising passenger complaints against domestic airlines, while stakeholders urge government intervention on high jet fuel costs threatening 2026 Hajj operations.
CPPE Welcomes FG's Airline Debt Relief, Urges Reforms
CPPE praises FG's 30% debt relief for airlines but warns of structural issues. Calls for reduced taxes and fees to ensure sector sustainability.
Air Peace Reduces Abuja-London Flights Due to Fuel Crisis
Air Peace temporarily reduces Abuja-London flights to three weekly due to soaring aviation fuel costs and supply constraints, aiming to restore daily service by July 1.
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Lagos-Ogun Rail Extension: Red Line to Ease Commute for 500,000 Daily
Lagos plans to extend the Red Line rail into Ogun State, aiming to ease traffic, improve commuting, and boost connectivity for thousands of daily travellers.
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Tinubu moves to waive airline debts over jet fuel prices
President Bola Tinubu considers partial debt relief for Nigerian airlines after operators warn of shutdown over rising fuel costs.
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Airline Operators Issue Ultimatum on Jet Fuel Cost in Nigeria
Nigerian airline operators threaten to ground flights in 7 days if jet fuel prices are not reduced, citing a 270% increase compared to 70% globally.
Sardauna Memorial Stadium Gets FIFA-Quality Turf
FIFA-quality grass turf arrives at Sardauna Memorial Stadium in Gusau, Zamfara State, marking a major upgrade to international standards for football and youth development.
Osubi Airport, Manager Win at Nigeria Aviation Awards
Osubi Airport and its manager Winston Egwuatu won top honors at the 15th Nigeria Aviation Awards for safety and management excellence.
Lagos Plans Electric Ferries for Integrated Transport
Lagos State government announces a five-year plan to deploy electric ferries, dredge waterways, and integrate water transport with road and rail systems to reduce congestion.
Ohanaeze Youths Hail Mbah on Enugu Airport Certification
Ohanaeze Ndigbo Youth Council Worldwide praises Governor Peter Mbah for securing the first international certification for Akanu Ibiam International Airport, Enugu.
FG, Oil Marketers in Talks Over Jet A1 Price Hike
The Federal Government has started talks with oil marketers and airlines over rising Jet A1 costs, as carriers threaten to suspend operations or hike fares within days.
Bird Strikes: A Financial Drain for Nigerian Airlines
Rising bird strike incidents at Nigerian airports cost airlines billions annually, causing operational disruptions and safety concerns. Experts call for better data and wildlife management.
Dangote supplies 95% of Nigeria's Jet A1, exports 1.1bn litres
AON says Dangote Refinery supplies over 95% of Nigeria's Jet A1 and exported 1.1 billion litres to Europe, as Africa faces fuel shortfall.
FG waives SONCAP default fees, importers pay N1,000
Federal Government introduces temporary SONCAP default arrangement, waiving fees and charging N1,000 administrative fee to ease PAAR processing on NSW platform.
Nigeria Seeks Review of Hajj Airlift Terms in Saudi Talks
Nigeria's aviation minister Festus Keyamo meets Saudi officials to review air service agreements for improved Hajj operations ahead of 2026 pilgrimage.
Senate Weighs $516m Loan for Sokoto-Badagry Highway
The Senate received President Tinubu's request for a $516m loan to build the Sokoto-Badagry Superhighway, aiming to boost connectivity and trade across seven states.
Tinubu Hails Nigeria's Record 91.45% ICAO Safety Rating
President Tinubu welcomes Nigeria's historic 91.45% ICAO safety rating, surpassing global and regional averages, and urges sustained reforms in aviation.
FG to Grant Airlines Discount on Aviation Debt
The federal government plans to offer airlines a discount on debts owed to aviation agencies to cushion rising fuel costs, following a meeting with stakeholders.
Olubunmi Kuku: Transformative Leadership in Nigeria's Aviation
Olubunmi Kuku, FAAN's first female CEO, drives transformative reforms in Nigeria's aviation sector, focusing on infrastructure, safety, and economic growth.
Tinubu Strengthens UK-Nigeria Ties, Offers Airline Debt Relief
President Bola Tinubu pledges to deepen economic and diplomatic relations with the UK as British Airways marks 90 years in Nigeria. The government also plans a discount on airline debts to aviation agencies to address rising fuel costs.
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