Africa: CBN Approves Special FX Window for Airline Operators, Manufacturers

The Central Bank of Nigeria (CBN), Friday approved a Special Secondary Market Intervention Retail Sales (SMIS) forex window for domestic airline operators and manufacturers to stimulate ease of doing business in the sectors. The Minister of State for Aviation, Mr. Hadi Sirika, said the important one-off-stop-shop would fast track easy clearance of the backlog of matured Foreign Exchange (FX) obligations. […]

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Aviation: Depleting Passenger Traffic in Nigeria

As air passenger traffic continues to nosedive due to high fares and schedule hiccups occasioned by aviation fuel scarcity, Chinedu Eze warns that the development constitutes a major setback to Nigeria’s air transport sector and the economy as a whole. Nigerians are in a quagmire over limited choices of the right means of transport. The country has networks of roads […]

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Aviation: Merge or Die experts tell Nigeria Carriers

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The aviation industry in Nigeria has never grown. Every time, it is behaving like a toddler, writes WOLE SHADARE Events in the last week show that Nigeria’s aviation industry is really going through turbulent times. Nigeria is no doubt, in recession and since aviation is part of the country’s economy that used to contribute less than one per cent to […]

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African Aviation: Forex crisis is crushing Nigerian Airlines as they abandon Aircraft sent for maintenance

By Chinedu Eze According to Thisday investigations some Nigerian airlines are unable to bring back their aircraft taken abroad for routine maintenance due to their inability to pay outrageous maintenance bills, which have tripled because of the low value of Naira. It learnt that some aircraft have been in different maintenance facilities in Europe, South Africa, Middle East and the […]

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African Aviation: West African Hub in Nigeria can generate14% GDP says Airlines Chiefs

Nigerian aviation industry can contribute 14 percent to the nation’s gross domestic product (GDP) and create 100,000 direct and 100,000 indirect jobs between now and 2019 instead of the 0.4 percent contribution it is making currently, if the government makes Nigeria aviation hub in West Africa. Also, for the industry to make a leap, the Federal Government must quickly unveil […]

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BASA: Skewed against Nigeria

The Bilateral Air Services Agreement (BASA) between Nigeria and over 55 nations has been dubbed a case of pitting David against Goliath. WOLE SHADARE highlights the damage these treaties have done to the country’s economy. Preamble Each time the issue of BASA comes up, what comes to the minds of Nigeria is the lop-sidedness of the deal tilting against the […]

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Business Travel On private, Charter Jets Strong, Despite Economic Slowdown

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Business travel on private and charter jets appears resilient despite the economic slowdown currently being experienced in Nigeria. According to BusinessDay findings, passenger traffic for business travel has continued to show steady growth compared to domestic airlines that have lost about 40 percent of their passenger traffic. “Businessmen still prefer to fly charter planes knowing that there is better flexibility […]

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BASA: Nigerian Govt Loses N50.4 Billion to Foreign Airlines

By ChineduEze The decision of the Ministry of Aviation to scrap the payments of royalties from Bilateral Air Service Agreement (BASA) in response to the request of the International Air Transport Association (IATA) has cost the federal government about N50.4 billion between 2014 and now. BASA funds are paid by airlines that operate into countries that do not have corresponding […]

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