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Eco Travels Buys Transcorp Hotels’ Calabar Subsidiary

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Transcorp Hotels Calabar

By Aduragbemi Omiyale

Transcorp Hotels Plc has sold its 100 per cent stake in its Calabar subsidiary, Transcorp Hotels Calabar, to Eco Travels and Tours Limited.

The hospitality firm confirmed the divestment last week in a notice to the investing public through the Nigerian Exchange (NGX) Limited, where it trades its securities.

Transcorp Hotels explained that its decision to offload the business in Cross River State was mainly to give more attention to its profit-making Abuja business, Transcorp Hilton Abuja.

“Transcorp Hotels’ strategic focus is on Abuja and the significant continuing investment in the iconic Transcorp Hilton Hotel and in development opportunities in Lagos,” a part of the statement signed by the company secretary, Mr Stanley Chikwendu, stated.

Business Post gathered that Eco Travels and Tours is an indigenous hospitality company with a diversified portfolio, including hotel management, wellness and fitness facilities, family-centric spaces, and interior and exterior design and decoration.

On its part, Transcorp Hotels is the hospitality subsidiary of Transcorp Plc and has consistently reshaped the hospitality landscape in Africa, aligning with its mission to lead in the industry and contribute to Nigeria’s growth while positively impacting lives.

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Travel/Tourism

FG Adopts Hybrid Access Gate Payment System at Airports

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faan-toll-gates

By Aduragbemi Omiyale

The federal government has directed the Federal Airports Authority of Nigeria (FAAN) to adopt a hybrid payment system that accommodates both cash and card payments at all airport access gates with effect from Friday, March 13, 2026.

This system is to be used until the introduction of a fully automated or electronic system at all access gates at the airports in order to fully and eventually eliminate cash payments.

In a statement on Tuesday, the Minister of Aviation and Aerospace Development, Mr Festus Keyamo, disclosed that these decisions were reached after reviewing the initial implementation and the operational challenges observed.

FAAN had earlier commenced an electronic payment system last week, but it was suspended by President Bola Tinubu due to the traffic gridlock it created.

Yesterday, the Aviation Minister met with officials of FAAN and senior officials of the Ministry, and it was agreed to engage concessionaires for the introduction of a fully automated or electronic system.

Mr Keyamo, in the statement signed by his Special Adviser on Media and Communications, Mr Tunde Moshood, said motorists who already possess FAAN Go Cashless Cards may continue to use them until further notice.

It was also resolved that other electronic payment options, including POS terminals and other approved digital channels, will also remain available, while members of the public and road users were encouraged to obtain and use the FAAN Go Cashless Card as the organisation continues to enhance and fully optimise the cashless payment system.

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Travel/Tourism

Tinubu Suspends Cashless Airport Toll Gate Payment System

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airport toll gate

By Aduragbemi Omiyale

The cashless airport toll gate payment system introduced by the Federal Airports Authority of Nigeria (FAAN) has been suspended by President Bola Tinubu.

At the Federal Executive Council (FEC) meeting held on Wednesday in Abuja, Mr Tinubu directed the agency to immediately return to the status quo, pending the development of a more efficient system.

The Minister of Aviation and Aerospace Development, Mr Festus Keyamo, who announced the suspension after the FEC meeting today, said the action followed gridlock that trailed the new system, which caused passengers to miss their flights.

FAAN had commenced the cashless payment system for airport toll gates across the country in a bid to block revenue leakages and adopt an electronic payment system instead of cash.

But this policy caused traffic gridlock at several airports, especially those in Lagos and Abuja.

“Mr President was very concerned about the welfare of Nigerians and the fact that most Nigerians were losing their flights, missing their flights.

“So, Mr President, out of empathy, directed today that we should suspend the present system because it creates a lot of gridlock, and Nigerians are suffering as a result of it,” Mr Keyamo informed newsmen.

“The major reason why Mr President took this decision is to eliminate the present gridlock that we are experiencing, especially at both the Lagos and Abuja toll gates leading to the airport.

“That’s the major reason, not that the President is happy with the cash system,” he added.

The Minister further said the President directed stakeholders to “go back and, if possible, even engage the private sector to ensure that we establish an electronic system by which we can collect these revenues for the federal government at the gates, to the extent that it will not create the gridlock that we are having right now.”

“We are going to do a hybrid system whereby we can collect cash temporarily and, of course, use the cards that they have collected temporarily for now,” Mr Keyamo added.

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Middle East Tension: Nigeria Halts Pilgrimages to Israel

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Nigeria Christian Pilgrim Commission

By Adedapo Adesanya

The Nigeria Christian Pilgrim Commission (NCPC) has suspended pilgrimages to Israel and all other Middle East nations owing to the escalation of tensions in the Gulf region.

The Executive Secretary of NCPC, Bishop Stephen Adegbite, said during a press briefing in Lagos on Tuesday that every pilgrimage of the commission, as well as of the private pilgrimage operators, has been suspended until security in Israel and all the Middle East returns to normalcy.

Bishop Adegbite also assured that the over 500 pilgrims that made up the last batch of the 2025 pilgrimage have safely landed in Nigeria on Tuesday.

Recall that the United States and Israel have carried out waves of airstrikes across Iran, and Iran has retaliated with drone and missile attacks against US-aligned countries across the Middle East.

The campaign has killed several of Iran’s top military and political leaders, including the supreme leader, Ayatollah Ali Khamenei.

Iran retaliated the death of its supreme leader by targeting US military assets in several Gulf countries, with missiles reportedly striking sites in Bahrain, Qatar, Kuwait, and the United Arab Emirates (UAE).

The US military has acknowledged the deaths of six service members, while the Iranian Red Crescent Society said more than 500 people have been killed in the country.

This development has made the region unstable and puts Nigerians making pilgrimage to the Middle East at risk.

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