It has emerged that Nigeria spends over $2 billion annually on expatriate pilots who fly for schedule commercial airlines, charter service operators, and private jet owners. It was learnt that Nigerian airline operators and aircraft owners pay expatriate pilots about $7,000 per month, and those that have about 3000 flight hours can insist on more, […]
The National Insurance Commission (NAICOM) has said it is committed to protecting aviation stakeholders and ensuring that Nigeria’s aviation insurance framework aligns with global best practices. Speaking at the 21st Akwaaba African Travel Market in Lagos, themes: ‘The Emerging Synergy Between Aviation and Insurance’, Commissioner for Insurance, Mr. Olusegun Omosehin, represented by the Deputy Commissioner, […]
Over the years, Nigeria has yearned to have direct flight with Brazil because the South American nation has strong cultural and religious affinity with the country. There have been feeble efforts made to link the two great nations in the past but previous governments did not exhibit the determination and clout which the President Bola […]
Experts in the aviation industry have agreed that for Nigeria’s aviation industry to develop and contribute significantly to the nation’s Gross Domestic Product (GDP), provide jobs and indigenous airlines compete effectively with their counterparts overseas, the federal government must evolve strong economic regulation to build strong carriers with capacity. The experts also said that although the Nigerian […]
*Says reform fatigue undermining Nigeria’s economic performance *Declares rebased GDP numbers of $243bn not flattering *Nigeria’s external reserves now $39.99bn The Chief Executive Officer (CEO) of Financial Derivative Company Limited (FDC), Mr. Bismarck Rewane, has warned that Nigerians were getting restive and uncomfortable with the unintended consequences of the federal government’s reforms. He […]
