Aviation Business Forex

CBN disburses $61.64 million to foreign airlines to clear forex backlog

The Central Bank of Nigeria (CBN) has announced the disbursement of $61.64 million to foreign airlines via various Deposit Money Banks (DMBs) as part of its commitment to clear the backlog of matured foreign exchange in DMBs. According to the Acting Director of Corporate Communications, Mrs. Hakama Sidi-Ali, this disbursement aligns with the CBN’s dedication Read More…

Aviation Business Travel

FAAN shifts flight operations to Murtala Muhammed International Airport Terminal 2

In a recent development, the Federal Airports Authority of Nigeria (FAAN) has directed airlines to relocate flight operations and passenger processing to Terminal 2 of the Murtala Muhammed International Airport. This directive was communicated by Abdullahi Yakubu-Funtua, the Director of Public Affairs & Consumer Protection at FAAN, in a statement released in Lagos. Mr. Festus Read More…

Aviation Business

Bi-Courtney Aviation Services prepares MMA2 Terminal for regional flights despite delays

In a proactive stride towards realising regional flight operations, Bi-Courtney Aviation Services Ltd (BASL) has affirmed its preparedness to commence operations at the Murtala Muhammed Airport Two (MMA2) terminal. Mr. Blessing Ewah, the Head of Operations at Bi-Courtney, shared this disclosure during an exclusive regional facility tour with journalists at the terminal in Lagos on Read More…

P.M. News
Aviation Metro Top Story

Aviation employees’ strike causes Lagos airport access roads gridlocks

Workers in the aviation industry began a warning strike on Tuesday, closing down offices of several aviation organisations in Lagos. The Nigerian Civil Aviation Authority, the Federal Airports Authority of Nigeria, and the Nigeria Airspace Management Agency were all closed. Union members surrounded Lagos’s Murtala Mohammed International Airport, causing traffic jams in the area. Unionists Read More…

REUTERS/Clement Uwiringiyimana
Aviation Business Top Story

Airlines worry Africa’s expansion may be hampered by blocked funds

Global airlines warned on Monday that concerns over blocked airline funds in Africa, especially in Nigeria, and abroad might lead to service disruptions if efforts to unfreeze money owed did not progress. The International Air Transport Association (IATA) said in a briefing on the launch of an effort to enhance African aviation that some $1.6 Read More…

Aviation Business Top Story

FG to equip Lagos, Kano, Abuja airports with N12bn firetrucks

Recently purchased N12 billion fire fighting trucks would be sent to the Murtala Muhammed Airport in Lagos, Nnamdi Azikiwe International Airport in Abuja, and Malam Aminu Kano International Airport in Kano by the Federal Government. Sen. Hadi Sirika, Minister of Aviation, announced this as he handed the eight firefighting trucks to the Federal Airport Authority Read More…

REUTERS/Christopher Pike/File Photo
Aviation Business Top Story

Emirates Airlines claims “substantial” ticket revenue stranded in Nigeria

Emirates Airline reported on Friday that it had “substantial” sums of ticket sales money stranded in Nigeria and has made little headway remitting the monies out of the continent’s largest economy. Hadi Sirika, Nigeria’s minister of aviation, had earlier told reporters that the Dubai-based airline had gotten the majority of its funding outside of Nigeria Read More…

Aviation Business Top Story

Aero Contractors back in the skies with 10 routes

Aero Contractors, one of Nigeria’s oldest private aviation businesses, has announced the resumption of regular flights on ten routes around the country. Capt. Ado Sanusi, the newly appointed Managing Director, said this during the re-launch of the airline’s services in Lagos on Thursday. On July 20, 2022, Aero Contractors halted scheduled services in order to Read More…

Aviation Business

FG remodels 12 terminal buildings at domestic airports

The renovation of 12 terminal buildings at domestic airports across the country has been completed, according to Sen. Hadi Sirika, the Minister of Aviation. Sirika made the statement in an interview with journalists on Monday in Abuja, He stated that the 12 domestic airport terminal buildings in Lagos, Abuja, Enugu, Jos, Kaduna, Owerri, Ilorin, Ibadan, Read More…

MMA2
Aviation Business Top Story

Air transport services union calls off strike

Tuesday marked the end of the strike by the Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) against Bi-Courtney Aviation Services Limited (BASL) over the unjust dismissal of 34 union members. This was said in a statement made by the union’s deputy general secretary, Mr. Frances Akinjole, on Wednesday in Lagos. When ATSSSAN shut Read More…