Aviation

Ensuring Upmost Utilisation of Lagos Airport International Terminal

After the unveiling of the new international terminal of the Murtala Muhammed Airport (MMIA), Lagos in March 2022, it has remained underutilized, but Air Peace, pushed by nationalistic zeal moved to the facility shortly after it was opened to operate all its international and regional services. Other airlines for different reasons were reluctant to relocate […]

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 […]