Travel/Tourism
FAAN to Increase Airport Tariffs, Adopt Contactless Payment System
By Adedapo Adesanya
The Federal Airports Authority of Nigeria (FAAN) has announced plans to increase tariffs across all its airports to allow for utilisation of its operations for profitability.
The announcement was made during the Directorate of Commercial and Business Development (DCBD) Stakeholders Engagement Forum held Monday in Lagos.
According to FAAN’s Director of Commercial and Business Development, Mrs Adebola Joy Agunbiade, the agency will also implement a complete transition to automated and contactless payment systems.
She said the authority currently generates 92 per cent of its revenue from aeronautical sources, with only eight per cent coming from non-aeronautical activities which contrasts with developed countries where non-aeronautical sources typically account for over 40 per cent of airport revenue.
Mrs Agunbiade assured stakeholders and service providers that they would receive adequate notice before tariff implementations.
“We have to find the means to review our tariff in such a way that it’s not too much on you but it’s also helping us to pay our bills,” she said.
Also speaking, FAAN’s Managing Director, Mrs Olubunmi Kuku, emphasised the authority’s commitment to eliminating cash transactions across all airport payment points. She said the new system will feature cards that enable tap-and-go payments.
“All payment will soon be made online using our cards. It is an airport card. You tap and go. It is a very seamless and straightforward process,” she said.
The pilot programme has already begun in Lagos, with plans for rollout across other airports. The system will include ECR devices for terminal payments and automated parking and tollgate facilities.
“Automation makes it easier for you to track your payment. We’re going cashless and contactless payment. So it is easier and faster,” Mrs Kuku stated.
According to her, FAAN reported generating N2 billion from below the line platforms alone last year, and with could see a higher revenue this year.
The authority also said it is restructuring lease agreements following legal reviews to create more workable terms for service providers.
Mrs Kuku noted that substantial investments have been made in infrastructure upgrades and automation systems and that revenue improvements will directly benefit passenger services and airport operations.
FAAN also issued warnings over unauthorised activities at airports with the FAAN official saying that licenses would be revoked for car hire services and Bureau de Change operators engaging in lout activities.
Additionally, FAAN has issued orders to remove tankers parked along Lagos airport access roads, citing security risks and environmental concerns.
“We cannot just have businesses on the side of the road in a manner that is not organized. We will be taking very drastic actions,” Mrs Kuku said.
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.
