N19bn: We’re not defrauding govt – Airline operators responds to NCAA
Airline operators in Nigeria under the umbrella of Airline Operators of Nigeria (AON) have replied the Nigeria Civil Aviation Authority (NCAA) over allegations that...
CBN intervention saves Nigeria $5bn loss to foreign airlines exit
By AYOOLA OLAOLUWANigeria's aviation industry and allied sectors like the hospitality and tourism sectors are facing imminent collapse as more foreign carriers are preparing...
FG engages CBN, others over $600m blocked foreign airlines funds
The federal government says it is currently engaging the Central Bank of Nigeria (CBN) and other relevant authorities to ensure over $600 million of...
Trapped airlines funds: FG moves to resolve crisis, engages CBN, others
The Federal Government is currently engaging relevant authorities to ensure over $600 million of trapped foreign airlines’ funds are released.
The relevant authorities include airlines...
Forex scarcity: Foreign airlines adopt tougher measures to stay afloat
BY EMEKA EJEREAs the dollar scarcity continues to worsen, foreign airlines operating in Nigeria are facing increasing difficulty in repatriating billions of naira in...
NCAA begins audit of 8 airlines over safety, financial health concerns
AircraftThe Nigerian Civil Aviation Authority (NCAA) is currently conducting economic and financial audits on eight domestic airlines in the country.Director-General (NCAA), Musa Nuhu,...
Flour Mills set to complete Mandatory Tender Offer to shareholders of Honeywell Flour Mills
Adebayo ObajemuFlour Mills of Nigeria Plc said it has notified the Nigerian Exchange Limited that it has obtained the approval of the Securities &...
Three airlines face imminent collapse
By AYOOLA OLAOLUWALocal airlines operating in the country are presently facing uncertain future over harsh economic environment weighing down their operations, Business Hallmark can...
MKO Abiola International Airport: Osun, NAF partner to build Africa’s first, largest aviation city
Osun State government has partnered Nigerian Air Force to build Africa's first and largest aviation city in Ido-Osun.The initiative, according to the government has...
