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Heritage Bank, FG, Lagos Partner on Diaspora Return in Badagry

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By Dipo Olowookere

Heritage Bank Plc has partnered with the Office of the Senior Special Adviser to the President on Diaspora and Foreign Affairs and the Lagos State Government (LASG) to organise the 2017 edition of Diaspora Festival Badagry with the theme Door of Return Ceremony Badagry.

The festival, which held recently in the ancient town of Badagry, was hinged on ‘The Door of Return Ceremony’ and cultural displays.

The Door of Return Ceremony forms the ideological basis of the festival, symbolises the emancipation of the black race as well as an expression of the Diaspora string and affiliation to African culture and heritage.

It was also an advocacy programme that raised awareness about the continuous fight against oppression, neo-colonialism and enslavement and represented a symbolic boat trip by notable black persons in the Diaspora (emigrants, descendants of slaves and leaders of thoughts) where the boat convey them to the ‘Point of No Return’ in Badagry which is the door way through which slaves were charted away as chattels to the plantations in the Americas, with the intention of never to return to their homeland again.

The two-day event featured carnival procession, boat regatta, fishing competition, dark era procession, diaspora dinner, beauty pageant, fashion show, cultural displays, heritage site visits, heritage night, the festival market, international music, concert and talent hunt.

The event was graced by senior officials in the Presidency, traditional rulers, corporate bodies and tourists who travelled from far and near to witness various activities that were featured, a development which made the ancient city of Badagry to come alive.

Speaking on Heritage Bank’s involvement in the programme, Mrs Ozena Utulu, a member of the bank’s Brand Management & Compliance Unit, said Heritage Bank partnered with the organisers of the fiesta because it was an event that promoted the African heritage and culture and resonated with what the brand stood for.

She said, “Heritage Bank speaks and is proud of the African cultural heritage, which is the essence of who and what they are,” adding that the bank is committed to Africans in Diaspora because when they returned, they will need a financial institution to bank with and Heritage Bank will be there to care for them.

Also speaking during the event, Mrs Abike Dabiri-Erewa, the Senior Special Adviser to the President on Diaspora and Foreign Affairs, who declared that the ‘Door- of- No-Return made popular during the transatlantic slave trade in Africa has now become the Door of Return to Africans in the Diaspora through Badagry, also noted that the development would showcase the African continent to the world in good light and on a positive note.

The marketing consultant to the project, Mr Rufai Ladipo, CEO of Agile Communications Limited said the Diaspora Festival Badagry is an iconic and symbolic festival with a long tradition of celebrating the best in diversity in a rich African culture and heritage.

“Over the past five years, this much loved festival has attracted 500,000 footfalls as well as national and international audiences,” Mr Ladipo observed, adding that the festival has gained considerable traction as one of the West Africa tourist attractions in the month of August which is recognised internationally as a tourism month.

He said the festival was a celebration of the strong seated roots in Africa cultures, its spread and its influence in the Diaspora, remarking that the festival is a platform that amplifies and draws awareness to modern slavery and neo-colonialism and remembers the victims of the transatlantic slave trade.

Besides, he said the festival sought to showcase the growth, beauty, grace and diversity of rich African culture and served as a beacon for Diasporas to relate with their heritage and found their home.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Airlines Face Fresh Turbulence Over Jet Fuel Scarcity

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Jet Fuel Scarcity

By Adedapo Adesanya

The National Association of Aircraft Pilots and Engineers (NAAPE) has revealed that Nigerian airlines are battling a severe jet fuel crisis, triggered by soaring jet fuel prices and supply shortages.

This is the latest blow to the aviation industry, which escaped an industrial action by airline operators over the price of jet fuel.

The latest development is increasing costs, disrupting flights and creating concerns about operational safety and sustainability.

According to Reuters, the persistent scarcity of jet fuel has triggered ⁠widespread operational challenges, including flight delays, route adjustments and extended crew duty periods, as airlines struggle to manage schedules amid rising costs.

According to the President of the association, Captain Bunmi Gindeh, the fuel shortages were pushing crews beyond planned limits, increasing fatigue and potentially eroding safety margins in an industry governed by strict rest regulations.

According to local carrier Rano Air, it revealed that jet fuel prices had more than quadrupled, as well as made some routes commercially unsustainable, forcing operational adjustments.

Other carriers have also begun rescheduling or cancelling flights and cutting unprofitable routes, industry ‌sources ⁠cited by Reuters said.

This comes at a difficult time for Nigeria’s aviation sector, already strained by foreign-exchange volatility, high aircraft maintenance costs, airport infrastructure strains and fuel price swings.

Airlines group, Airline Operators of Nigeria (AON), last month threatened to suspend operations over what they described as crippling and artificially inflated jet fuel prices.

Nigeria’s airline industry carries millions ⁠of passengers annually across an extensive domestic network and plays a critical role in connecting cities where road travel is often slow or insecure, making reliable air services economically and socially important.

The publication reported that the Nigerian Midstream ⁠and Downstream Petroleum Regulatory Authority (NMDPRA) has said fuel prices would not be capped, adding that any decisions on deregulated products would be formally communicated.

The crisis is worsening existing problems in Nigeria’s aviation sector, including forex instability, expensive aircraft maintenance and weak infrastructure.

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FG Unveils Leasing Initiative to Cut Airlines’ Fleet Acquisition Costs

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aviation workers

By Adedapo Adesanya

The federal government has approved the establishment of a national aircraft leasing company aimed at easing access to modern fleets for domestic airlines and transforming aviation financing in Nigeria.

The minister of aviation and aerospace development, Mr Festus Keyamo, announced the decision after a meeting of the Federal Executive Council (FEC), describing the move as a significant shift in how Nigerian carriers will acquire and finance aircraft.

Mr Keyamo said the proposed company would operate as a private-sector-driven Special Purpose Vehicle (SPV) with government backing.

“This initiative is a game-changer for our aviation industry. It eliminates the long-standing challenges Nigerian airlines face in accessing aircraft on competitive terms and positions the country as a hub for aviation financing in Africa,” he said.

According to the minister, the new platform will allow airlines to source aircraft through a centralised system, replacing the current model where operators negotiate individually with international lessors, often at higher costs and stricter terms.

Mr Keyamo noted that the government’s role would be largely supportive, providing sovereign guarantees to boost investor confidence, while private sector players drive the project.

“Through the Ministry of Finance Incorporated, the government will hold equity and earn revenue without direct financial investment. Our primary obligation is to provide the confidence investors need, especially in ensuring asset security,” he added.

The initiative, he said, has already begun attracting interest from both local and international investors, signalling early confidence in its viability.

Beyond supporting Nigerian carriers, the leasing company is also expected to extend services across West Africa and the broader continent, positioning Nigeria as a regional hub for aircraft leasing.

Airlines in Nigeria have come into focus in recent weeks due to renewed concerns over the financial sustainability of operators, which almost forced them to suspend operations last month. However, the Bola Tinubu-led government approved a 30 per cent relief on debts owed by local ‌airlines to aviation agencies and ordered talks involving fuel marketers, airlines, and ​regulators to reach a ​fair jet fuel price.

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Passengers to Enjoy Starlink Wi-Fi on Emirates’ Flagship A380

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Emirates A380 Starlink

By Aduragbemi Omiyale

Air travellers flying through Emirates will enjoy Starlink Wi-Fi onboard after the completion of the installation of the internet service on the company’s flagship A380.

The introduction of Starlink on the A380 builds on Emirates’ ongoing investment into redefining the customer journey, including one of the most ambitious retrofit programmes in aviation history.

The airline operator recently test-run this on a flight to Dubai, and it allowed passengers to enjoy seamless broadband while flying at 40,000 feet.

The Emirates A380 was one of the first commercial aircraft in the world to offer internet to its customers, with first-generation systems offering a total aircraft bandwidth of less than 1 Mbps. The installation and certification were accomplished in Newquay, UK.

With more A380s scheduled for accelerated installation throughout 2026, Emirates customers will soon enjoy a transformative leap in onboard connectivity with the ability to stream, game, browse, and work throughout their journey on personal devices.

The service will be complimentary for all customers, across all cabins, with easy sign-up and access. Future enhancements will include Live TV streaming over Starlink, initially on personal devices and later integrated into seatback screens.

So far, more than 650,000 Emirates customers have already flown on Starlink‑equipped flights, experiencing the benefits of next‑generation onboard connectivity firsthand.

As the world’s largest passenger aircraft, the A380 presents unique engineering challenges and opportunities. This industry-first Starlink configuration is designed to meet the demands of the A380’s ‘double-decker’ layout and high passenger capacity and is capable of delivering more than 2 Gbps of total aircraft bandwidth across the cabin.

Compared with the Emirates Boeing 777, the Emirates A380 features additional wireless access points and a third antenna to deliver an enhanced connectivity experience for its higher passenger capacity. Optimised inter‑deck integration supports a seamless Wi‑Fi experience, with customers able to enjoy high speeds depending on usage and device capability.

Starlink installations will soon begin at Emirates Engineering facilities in Dubai to accelerate deployment across the fleet.

Emirates is committed to bringing the best possible connectivity to its entire fleet at the earliest opportunity, with 25 Boeing 777-300ER aircraft already equipped with Starlink and the first A380 now joining service.

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