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Nigeria’s Access Bank acquires Kenyan bank
Nigerian banks have continued to make their foray into East Africa’s financial sectors, with the recent acquisition of Kenya’s Transnational Bank by Access Bank of Nigeria.
According to standardmedia.co.ke, Access is not the first Nigerian bank to get a foothold in Kenya; Guaranty Trust (GT) and UBA already have a presence here. The choice… read more
Nigeria: Eleven Airports so far opened for flights
As at 19th of July, 2020, only 11 airports out of 22 have been opened for domestic flights.The airports owed and operated by government so far opened are the Nnamdi Azikiwe International Airport, Abuja, Murtala Mohammed International Airport,Lagos, Victor Attah International Airport, Uyo, the Mallam Aminu Kano International Airport, Kano … read more
Nigeria: Domestic airlines risk collapse as load factor declines
Exactly a week after commercial airlines resumed flight services on Lagos-Abuja route, local airlines are struggling to sustain operations and meet cost as load factor hovers around 40 per cent.
The day-one optimism of about 70 per cent traffic across some of the local carriers has waned. Some of the operators c… read more
Airlines cancel flights over low patronage, apathy
A number of flights were this week cancelled over low patronage on some of the recently opened routes. Following the early success on the Lagos and Abuja corridors, more airports have resumed operations but without the airlines having flights on the routes. The Guardian learnt that although Kaduna Airport has resumed, it was yet to receiv… read more
Nigeria: Why FG must rescue
The Federal Government’s laidback disposition to the plight of Nigerian flag carriers abroad is suffocating investment and efforts of local operators to have a stake in the competitive international airspace. WOLE OYEBADE writes.
Refusal by the United Kingdom’s government to grant Air Peace airlines a landing permit, t… read more
Radisson Hotel Group Signs 15 New Hotels Across EMEA in Q2 2020 →
Radisson Hotel Group announces 15 new hotel signings across EMEA in Q2 2020. The new signings re-affirm the Groups commitment to its ambitious 5-year development plan. Radisson Hotel Group continues to expand its new brand architecture and further strengthen its presence across EMEA.
Elie Younes, Executive Vice President & Chie… read more
Nigeria loses N30 billion monthly to international airspace closure
The Nigerian aviation industry on a monthly basis loses about N30 billion over the continued closure of the international airspace due to the coronavirus pandemic. The losses, borne by the host economy, operating local and international carriers, and sundry service providers, were derived from the $1 billion or N360 billion yearly … read more
Nigeria: Govt Under Pressure to Lift Ban On International Flights
Pressure has continued to mount on the Federal Government to lift the ban on international flights less than a week after the reopening of airports for national flights. But the Nigerian Civil Aviation Authority (NCAA), the apex aviation regulatory agency, insists the time is not ripe to resume international operations, even as it stated … read more
'All Airports in Nigeria to Reopen in 7 Days'
It may take one week for all the remaining airports to reopen for commercial operations, the Nigerian Civil Aviation Authority (NCAA) said on Tuesday.
Director-General of the apex regulatory agency, Capt. Musa Nuhu, who spoke Tuesday night at a webinar on the review of Aviation restart, however, said before the end of Wednesd… read more
Enugu airport reopens August 30, says Sirika
Sirika gave the assurance at the airport in Enugu after inspecting the progress of ongoing rehabilitation of the runway and upgrade of other infrastructure, aiming toward international standards, on Tuesday. According to him, the project has reached between 90 and 95 per cent completed.
The minister said the Federal Government planned to m… read more
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