Nigeria Generates 97% Tourism Revenue from Domestic Travel in 2016

By Adedapo Adesanya The Nigeria Civil Aviation Authority (NCAA) has urged airlines and other service providers in the subsector to comply with the Nigerian Civil Aviation Regulations (Nig. CARs) 2022 on insurance cover. This was disclosed by NCAA Director-General, Mr Musa Nuhu, in a directive contained in an all operators letter, referenced NCAA/DG/AIR/11/16/369 signed August 11, 2023, was addressed to all airlines and allied aviation service providers. According to the NCAA DG, the need for compliance is a sequel to the coming into force of Nig. CARs 2022 on 10th July, 2023 which makes it mandatory for all airlines to

By Prince Tonye Pricewill We have taken the time to bring you ten key reasons why Rwanda has to be on your list of places to see not just once but more than once. It took us 10 days to visit a variety of choice locations, and the only reason why we didn’t feel the impact of the hectic schedule was simply because of how amazing each and every one of the experiences was. Safest Cities The internet is riddled with stories and statistics about why Rwanda is the safest country in Africa and possibly the sixth safest in the

By Adedapo Adesanya The Chief Operating Officer of Air Peace, Mrs Toyin Olajide, has refuted the claims by the former Minister of Aviation, Mr Hadi Sirika, that the company stopped its flights to Dubai over its lack of capacity. The airline operator also punctured the claims by Mr Sirika that Air Peace incurred of loss of about $19 million for keeping two Boeing 777 aircraft idle for several months. On Sunday, during an interview with Arise Television, the ex-minister, while praising Ethiopian Airlines, stated that Air Peace leased ‘two’ Boeing 777 aircraft on a monthly lease fee of $250,000, parked

By Adedapo Adesanya The Nigeria Civil Aviation Authority (NCAA) has suspended the operations of Max Air in Nigeria for a series of irregularities. In a letter NCAA/DG/AIR/11/16/363, signed by Director, Operations Training & Licensing, Mr Ibrahim Bello Dambazau, for the Director General of Civil Aviation, Mr Musa Nuhu, the authority directed the suspension of Parts A3 and D43 with regards to the operation of Max Air’s Boeing 737 aircraft type with immediate effect. Parts A3 deals with the airline’s Aircraft Authorization, and D43 deals with Aircraft Listing of the Operations Specifications issued to Max Air Limited. This simply translates that

By Dipo Olowookere Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Mr Simbi Wabote, has promised that his agency will give protection to any Nigerian firm investing in hi-tech assets as well as a level playing field to bid and win contracts in the oil and gas industry. Mr Wabote gave this assurance during a recent facility visit to Hydrodive Limited’s yard in Lagos. Speaking during the visit, the content board chief stated that NCDMB will support such companies to ensure that they get good returns on their investments. The NCDMB boss, who was represented by the

By Kester Kenn Klomegah With coronavirus rapidly spreading among the population of 148 million, Russia took the third position in the world. According to the official data provided on May 11, Russia had an aggregate total of 221,344 COVID-19 cases. The United Kingdom and Italy earlier reported 219,183 and 219,070 cases, respectively. Spain comes in second with 224,390 coronavirus cases, and the United States ranked first with nearly 1.4 million cases. That are huge gaps compared to over 50,000 cases among 1.3 billion population of Africa, at a first glance, and readily offered an understandable story. South Africa and Maghreb

By Modupe Gbadeyanka Ecobank Nigeria Limited has disclosed that its decision to promote the Adire textile is mainly to boost tourism and culture in Africa, especially now that the continent has commenced the implementation of the African Continental Free Trade Area (AfCFTA). A few days ago, the lender organised the Ecobank Adire Lagos Experience. The event was a beehive of activities and funfair, with the influx of topflight exhibitors, government functionaries, culture enthusiasts, social media influencers, artists, local and foreign tourists, traditional rulers, diplomats, and members of the National Union Textile Garment Tailoring Workers of Nigeria (Adire sector). The festival

By Adedapo Adesanya Shareholders of Transcorp Hotels Plc, owners of the iconic Transcorp Hilton Abuja and Transcorp Hotels Calabar, have unanimously authorised the board of directors to raise N10 billion through a rights issue for a fortified balance sheet. The company announced that the approval was given at the Extraordinary General Meeting of the company, which took place on Monday, June 29 in Lagos. This means the hospitality coy will issue 2,659,574,468 ordinary shares of 50 kobo each by way of a rights issue to the shareholders based on 7 new ordinary shares for every 20 ordinary shares of 50

By Modupe Gbadeyanka A former Governor of Niger State, Mr Abdulkadir Kure, according to reports, has breathed his last in faraway Germany. Mr Kure was reportedly flown to a German hospital last week following a relapse of an undisclosed illness. According to reports, the former Governor had been battling with an undisclosed illness for a while now before his recent trip abroad. He ruled the state for two terms from 1999 to 2007. Members of his family are said to be very devastated about the latest development, but are preparing for his burial already. The former Governor was aged 60.

By Modupe Gbadeyanka Over 500 volunteers underwent a training programme over the weekend at the Adeyemi Bero Hall, Alausa Secretariat, Ikeja, Lagos. The exercise was part of activities lined up for the 3rd Babajide Olusola Sanwo-Olu & Kadiri Obafemi Hamzat Healthcare Mission International (BOSKOH). BOSKOH is a free medical and wellness outreach that includes surgeries for all Lagosians in need of it and this year’s edition is themed Jigi Bola Relaunch. Speaking at the training, the wife of the Lagos State Governor, Mrs Ibijoke Sanwo-Olu, thanked the BOSKOH team and its leadership for being at the forefront of providing healthcare

By Dipo Olowookere The Nigerian Exchange (NGX) Limited bounced back into the positive region on Thursday after staying in the danger zone for two straight trading sessions as a result of profit-taking. At the market yesterday, investors were more relaxed as they cherry-picked some equities with sound fundamentals, especially Dangote Cement, MTN Nigeria, GTCO, and others. This led to an increase in the activity level as the trading volume rose by 51.77 per cent to 361.2 million units from 238.0 million units, the trading value increased by 119.23 per cent to N5.7 billion from N2.6 billion, while the number of

By Adedapo Adesanya The price of crude oil depreciated on Tuesday, with the Brent variation crashing by 0.82 per cent or 55 cents to $66.50 per barrel as coronavirus cases in India worsened. The United States crude benchmark, the West Texas Intermediate (WTI), was also not lucky as it deflated by 1.21 per cent or 77 cents to sell at $62.61 per barrel. India, the world’s second-most populous country and currently the hardest hit by COVID-19, reported its worst daily death toll on Tuesday, with large parts of the country now under lockdown amid a fast-rising second wave of the