Aviation

IATA Confirms Foreign Airlines Trapped Revenue in Nigeria has Risen to $812mn, Expresses Hope New Govt will Fully Repatriate Funds

The International Air Transport Association (IATA) has confirmed that foreign airlines revenue not yet repatriated from Nigeria has risen to $812.2 million. This was disclosed by the IATA Regional Vice-President, Africa and Middle East, Kamil Al- Awadhi at the on-going 79th AGM and World Air Transport Summit in Istanbul, Turkey. He warned that rapidly rising levels of […]

Aviation

Resolving Shareholding Controversy over National Carrier

Revelations from court proceedings indicate that airline operators and other stakeholders want a national carrier where more Nigerians are allowed to own shares in the company so that it will be fully representative of the country. Many Nigerians are calling for a broader ownership of the shares of Nigeria’s national carrier, Nigeria Air. Many of […]

Aviation

Of Government’s Interest and National Carrier

What many African governments have found difficult doing is operating successful and profitable business. In Nigeria, the Nigeria National Shipping Line, Nigeria Airways Limited (NAL), NITEL and other businesses that were once successful eventually collapsed due to interference and corruption. Shortly before mobile phone network came to Nigeria, many technical officials of NITEL were induced […]