Aviation

FG’s Plan to Suspend Airport FZ Licences Will Discourage FDI, Experts Warn

Investors and aviation experts have warned that the recent pronouncement by the Federal Airports Authority of Nigeria (FAAN) that it would suspend issuance of licences to investors who wish to establish businesses at the airport free trade zones (FZ), would hinder the flow of Foreign Direct Investment (FDI) and discourage the berth of capital intensive […]

Aviation

Nigeria Loses $2bn Annually to Informal Export Trade from Lagos Airport

Investigation by THISDAY has revealed that on the average, Nigeria loses about $2 billion annually to exports, which are not documented but exported informally as personal effects. The investigation further revealed that the foreign exchange earned by the country does not reflect in government’s financial system. It was learnt that so many products are exported […]

Aviation

Immigration Arrest Passenger with Firearms at Lagos Airport

The Nigeria Immigration Service (NIS), the Murtala Muhammed Airport, Lagos Command on Wednesday morning intercepted an American citizen with firearms at the airport. The male passenger (names withheld), who arrived the country aboard a United Airlines flight from Houston, United States at 10:10am, was said to have checked-in the firearms. The passenger was also said […]