Travel/Tourism
Average Bus Fare Rises 8.2% in April 2020
By Adedapo Adesanya
The average fare paid by commuters for bus journey within the city increased by 8.2 percent month-on-month from N206.73 in March to N223.71 in April, the National Bureau of Statistics (NBS) has published.
This was contained in its Transport Fare Watch report for April 2020 released on Wednesday, May 27, showing that there was a 23.4 percent increase year-on-year.
According to the report posted on its website, states of the federation with highest bus journey fare within city were Zamfara N410.00; Kebbi N348.00 and Abuja N332.29.
Meanwhile, states with lowest bus fare within city were Bauchi N140.00; River N150.00 and Sokoto N155.00.
The NBS said the average fair paid by commuters for bus journey intercity increased by 5.2 percent month-on-month and increased by 10.9 percent to N1.779.51 in April 2020 from N1,691.23 in March 2020.
States with the highest bus journey intercity fare were Abuja N14,200.00, Adamawa N2,650.00 and Borno N2,600.00, said the report, adding that states with lowest bus journey fare within city were Enugu N1,000.00, Abuchi/Bayelsa/Zamfara N1,200 and Edo N1,220.00.
The report said that average fare by air passengers for specified routes single journey was flat month-on-month but increased by 0.07 per cent year-on-year to N30,743.65 in April from N30,743.66 in March 2020.
The bureau further said states with highest air fare were Jigawa N35,400.00, River N35,000.00, Abuja FCT N34,000.00 while states with lowest air fare were Sokoto N22,500.00, Katsina N25,000.00, and Kano N25,500.00 respectively.
According to the report, average fare paid by commuters by journey motorcycle per drop increased by 10.6 percent month-on-month and by 27.5 percent year-on year to N148.22 in April 2020 from N134.07 in March 2020.
NBS explained that states with highest journey by motorcycle per drop were Rivers N254.00, Lagos N250.00 and Kogi N231.11 while states with lowest journey fare by motorcycle per drop were Katsina N70.00, Adamawa N80.00 and Kebbi N84.00.
The report said average fare paid by passengers for water transport increased by 7. per cent month-month and by 11.85 percent year-on-year to N606.59 in April 2020 from N563.26 in March 2020.
NBS reported that states with highest fare by water passenger transport were Delta N1,975.00, Bayelsa N1,900.00 and Rivers N1,800 while states with lowest fare by water way passenger transport were Borno N130.00, Gombe N190.00 and Abuja N240.00.
By Aduragbemi Omiyale
About 14.12 per cent stake in Ikeja Hotel Plc has been acquired by Honeywell Group Limited, a notice on the Nigerian Exchange (NGX) Limited has revealed.
Honeywell Group took up the part of the hospitality firm through one of its affiliates known as HGL Real Estate Limited.
Ikeja Hotel, in the disclosure filed with the NGX on July 2, 2026, said the stake comprised 305,323,525 units of its equities.
“Ikeja Hotel hereby notifies the Nigerian Exchange Limited and the general public that it has received notification from HGL Real Estate Limited, an affiliate of Honeywell Group Limited, that it has acquired 305,323,525 units of Ikeja Hotel Plc’s shares, representing 14.12 per cent shareholding in the company,” the notice stated.
Ikeja Hotel is one of Nigeria’s leading hospitality investment and hotel management companies with premium hospitality assets.
It operates two leading hospitality organisations in Lagos, the Sheraton Lagos Hotel and Balmoral Convention Centre.
By Aduragbemi Omiyale
About 10 hospitality establishments, including hotels and restaurants, were sealed on Wednesday by officials of the Lagos State Environmental Protection Agency (LASEPA).
The affected businesses are located in different locations in the Alimosho Local Government Area of the metropolis, Business Post learned from a statement from the agency.
It was stated that they were sealed by LASEPA for persistent violations of environmental regulations despite repeated warnings, abatement notices, and several opportunities to comply with the agency’s directives.
According to the notice, the enforcement exercise was carried out in line with the directives of the Lagos State government to ensure strict compliance with environmental laws and to safeguard public health.
The affected facilities were said to have breached various environmental regulations, including noise pollution, air pollution, unlawful discharge of untreated effluent, obstruction of official duties, among others.
LASEPA closed the premises of Granduer Meridian at Obasa Akiniyi Street, Oluwaga, Ipaja for non-compliance with the agency’s directives; Lasola (Spazio Bar), located on Ipaja Road, Fatolu Bus Stop, Ipaja, was sealed for noise pollution and non-compliance with directives; Millennium Restaurant, located at Gate Bus Stop, Ipaja, Ayobo, was shut down for non-compliance with directives; O2 Exquisite Suites & Tower on Jimoh Akinremi Street, Jimoh Bus Stop, Akowonjo, was sealed for non-compliance with directives; and Chirozz Hotel & Suites, located on Samuel Street, Akowonjo, by Vulcanizer Bus Stop, Egbeda, was closed for noise pollution and non-compliance with directives.
In addition, House 7 Hotel, located at Remi Akande Street, Egbeda, was sealed for non-compliance with LASEPA’s directives; House 48 on Isiba Oluwo Street, Egbeda, was sealed for non-compliance with directives; Exclusive Hotel, located at Ishan Kimishe, Akesan Bus Stop, was shut down by non-compliance with directives; Sabola Ventures Limited, Iocated at Km 11, LASU–Isheri Road, Igando, was shut down for operating without evidence of an Effluent Treatment Plant (ETP), and discharging untreated effluent into public drains; and City Int’l Motel, located at Chief Olu-Adegbite Street, off Oladun Street, Council Bus Stop, Idimu, was sealed for non-compliance with directives.
By Modupe Gbadeyanka
Emirates has become the first airline cargo carrier to deploy the Boeing 777-300ERSF passenger-to-freighter converted aircraft.
The aircraft (A6-EBK) will enter commercial service with a flight from Hong Kong to Dubai carrying over 100 tonnes of cargo, a statement from the airline operator stated.
The converted Emirates Boeing 777-300ERSF offers 100 tonnes of payload capacity and 811 m³ of cargo volume, representing a 25 per cent increase in cargo volume over the Boeing 777-F production freighter.
At 47 pallet positions, the converted aircraft also accommodates 10 additional pallet positions when compared with the Boeing 777-F production freighter, making it ideal for transporting volumetric cargo such as e-commerce goods, which currently constitute around 20 per cent of global air cargo tonnage with further growth projected in the next few years.
The converted Boeing 777-300ERSF is the sixth new freighter, following five Boeing 777-F production freighters, to join Emirates SkyCargo’s fleet since March 2026.
As part of its ambitious expansion strategy, Emirates SkyCargo will also be taking delivery of five additional Boeing 777-F aircraft as well as one additional converted Boeing 777-300ERSF by December 2026.
Emirates SkyCargo will also be introducing three additional converted Boeing 777-ERSFs into its fleet in 2027.
“The induction of the first converted Emirates Boeing 777-300ERSF into operational service represents the next step in the expansion of our fleet and operational agility.
“We are optimising our fleet assets by converting older Boeing 777-300ER passenger aircraft to meet the growing demand for air cargo capacity to transport goods rapidly across the world,” Emirates SkyCargo’s Divisional Senior Vice President, Badr Abbas, commented.
“Combined with our growing fleet of Boeing 777-F production freighters, we have already been able to scale our global freighter network from just over 40 destinations in February this year to 62 destinations currently and growing.
“We are providing our global customers with scalable cargo capacity and ultimate flexibility and connectivity when moving cargo to and through our hub in Dubai,” Abbas added.
