Aviation

Court orders FAAN to account for airports toll gate revenue since 2015

The Federal High Court sitting in Lagos has ordered the Federal Airports Authority of Nigeria (FAAN) to show the total…

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Growing concern as Presidential jet gulps billions in maintenance

There is a growing concern over the huge maintenance cost of Nigeria’s presidential aircraft, Air Force 001, which serves President…

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Forex Crisis: Airfares to UK, US, others jump by 55%

The depreciation of the naira against the United States dollar by 55 per cent at the official foreign exchange market…

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3 killed, 9 injured as hangar under construction collapses at US airport

A hangar under construction on the grounds of the airport in Boise, Idaho, collapsed Wednesday, killing three people and injuring…

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No going back on FAAN relocation to Lagos, N500m will be saved — Keyamo

The Minister of Aviation and Aerospace Development, Festus Keyamo, says there is no going back on the relocation of the…

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EFCC investigating Nigeria Air deal by Buhari’s Aviation Minister, Sirika — Keyamo

The Economic and Financial Crimes Commission (EFCC) is investigating the controversial Nigeria Air deal sealed by the Federal Government during…

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$700million remains blocked, foreign airlines counter FG

The International Air Transport Association (IATA) has lauded the Central Bank of Nigeria (CBN) for releasing $64.44 million in blocked…

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FX Backlog: CBN concludes payment of all verified claims by airlines

The Central Bank of Nigeria (CBN), fulfilling its pledge to clear the backlog of foreign exchange owed foreign airlines in…

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Lagos to float airline, build airport in Lekki

Lagos State is set to venture into airline business, Governor Babajide Sanwo-Olu hinted yesterday.   The state, he said, would…

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Foreign airlines repatriate N795bn in six months – CBN report

Foreign airlines repatriated N795.48bn from Nigeria in six months, data from the Central Bank of Nigeria have shown.   Data…

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