Africa: Forex is the Bane of indigenous Airlines in Nigeria -Aviation Experts

airlines operators forex

Operators in the aviation industry have urged the Federal Government to map out strategies that would prevent further crash of the naira against other foreign currencies, especially the US dollar in order to save indigenous carriers from collapse. According to the operators, since 2015 indigenous operators have been hard hit by increase in exchange rate, which has had negative effects […]

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Africa: Uncertainty grips airlines over forex

airlines operators forex

There seems to be unease in the airline industry over uncertainty in the foreign exchange market amidst concern that the rate could further skyrocket as 2019 progresses. This concern was raised, yesterday, by the Managing Director/Chief Executive Officer of Med-View Airline PLC, Alhaji Muneer Bankole, who chaired the first quarter business breakfast meeting of the Aviation Roundtable and Safety Initiative […]

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Aviation: How Aero Contractors can recover lost grounds

Aero

How Aero Contractors can recover lost grounds By Louis Ibah After almost four months of self-imposed closure, Aero Contractors Airline on December 22, 2016, is back to the Nigerian skies. The airline that went on a self-imposed suspension on September 1, 2016 following months of struggle to remain profitable returned to schedule commercial flight operations to the delight of its […]

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Aviation: Airline Association explains why Lloyds Insurers wants to blacklist Nigeria

Specialist insurance market, Lloyd’s of London, has issued a warning to Nigerian airline operators that it may be forced to blacklist or downgrade them over their continued failure to fulfill their obligations of paying premiums regularly. This was made known by Lloyd’s representatives who visited Nigeria recently. According to the representatives, the Nigerian market is a high-risk market, the volume […]

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ALERT: Travellers warned about making cash transactions at OR Tambo

police

It’s the silly season and as we all prepare to take a little down time, this is when crimes usually spike across the board. Recent developments at OR Tambo International Airport indicate that travellers, as well as family and friends doing pick-ups at the airport should be more than alert and vigilant. On Sunday morning former North West DG Professor […]

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Recession: Abuja couples sell wedding rings to feed

At first it looked like fable from one of the Nollywood series until the reporter’s interaction with some of them revealed the unimaginable true story. But the truth is that the level of hardship in the country has reached an alarming rate. Who will ever think of a couple who are barely six months old in marriage letting go of […]

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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: Arik Air airlifts 19.5m passengers in 10 yrs, to increase fleet to 52 by 2025

Arik

…Airline laments inability to operate Abuja-London route By Sade Williams Arik Air, West and Central Africa’ s largest carrier, said on Monday it carried over 19 million passengers between October 30, 2006, when it started operations and October, 30, 2016, when it clocked 10 years of providing safe and secure air travel to the Nigerian public. Speaking at a press […]

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Dirty fight by Airlines for Nigeria’s sky and forex

By Louis Odion Anyone still doubting the manipulative influence of multinationals in the political economy of Third World countries like Nigeria only needs to pay more attention to dispatches from our aviation sector lately. With the nation falling on hard times in the last eighteen months over the steep drop in oil price and the $28b foreign reserve barely enough […]

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223 new malls expected in Africa by 2018 – Report

By 2018, 223 new shopping centres are expected to be opened in Africa, a report from Sagaci Research has revealed. Forty are billed for Egypt, 25 in Nigeria, 20 in Kenya, 15 in Ghana, 14 in Angola and 13 in Morocco, According to the group, a market intelligence firm dedicated to African markets, the total surface area by 2018 would […]

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