Nigeria’s aviation sector hits turbulence
08 February 2017 |
3:48 am
The aviation sector in Nigeria has been confronted with several challenges in the last two years. For a sector that is heavily dependent on foreign exchange, the scarcity of the dollar poses a huge challenge to airline operations.
Related
3 Mar
Analysts say the acute shortage of naira notes caused by the currency redesign policy that has crippled Nigeria in the run up to Saturday’s election may have reduced vote buying by political parties.
4 Mar
Thirteen-year-old Joshua Agboola is a normal teenage boy in many ways. But he's also a tech genius who runs a YouTube channel, a website and several apps. He has a real passion for helping children fall in love with computers and tech.
6 Mar
Bola Ahmed Tinubu, winner of Nigeria's presidential election, will have to face countless issues in Nigeria. On the list: the economy, insecurity and a young, hopeless generation leaving the country. But how will he manage?
5 Mar
The country's top court ordered the government to extend a deadline for citizens to swap old bills for new ones. A judge said the president had behaved like a "dictator" in his rush to carry out the banknote redesign.
5 Mar
An explosion on a Nigerian oil pipeline owned by Shell killed at least 12 people on Friday (March 3), authorities at the scene said, while members of the affected community in Emohua said they feared many more had died in the blast.
7 Mar
There seems to be no respite in the rising cost of airfares for domestic air passengers as airlines say aviation fuel remains at an average of around 800 naira per litre coupled with forex scarcity issues among other operational costs.
7 Mar
Bola Ahmed Tinubu, winner of Nigeria's presidential election, will have to face countless issues in Nigeria. On the list: the economy, insecurity and a young, hopeless generation leaving the country. But how will he manage?
10 Mar
Six people were killed and dozens injured when a train crashed into a passenger bus in Lagos, Nigeria on Thursday, said the emergency response agency.
15 Mar
In Kenya, dollar shortage has hit oil importers hard as they need the greenback to bring in supplies.
24 Mar
A new generation of talented forex traders in Nigeria is learning the moves of the industry — and fast! We find out why this unconventional business model is giving hope to young Nigerians.
23 Mar
The Super Eagles defeated Guinea Bissau 2-0 when both sides last met in January 2022. Can they do it again? Host Ayomide Sotubo and James Agberebi discuss the game and more on this episode of The Nutmeg.
26 Mar
The US dollar dominates the world of international trade and has a leading position in global foreign reserves. But could the Chinese Yuan or cryptocurrencies pose a challenge? This edition of Business Beyond considers the pros and cons of having a single currency with so much power.
Latest
1 hour ago
Bangladesh is scheduled to hold general elections by January 2024 and the US says it wants them to be free of electoral manipulation and misconduct.
1 hour ago
Japan's prime minister hired his own son as his executive secretary late last year. Now he's forcing him to resign, after photos appeared of the of the 32-year-old partying in the official residence.
1 hour ago
President Tinubu is inheriting a fragile economy, huge debt, and a divided nation. But Nigerians now look and wait with renewed hope that his experience in managing Lagos as governor between 1999 and 2007 will help stir Nigeria out of the woods.
3 hours ago
Bayern Munich won an 11th consecutive Bundesliga title in dramatic style, but with their lowest points total since 2018-19. Jasmine Baba analyses the weaknesses that almost cost them and must be addressed.
6 hours ago
As Amsterdam's Stedelijk Museum attempts to diversify away from a white male-dominated modern art world, the film “White Balls on Walls” documents its successes and failures.
6 hours ago
US President Joe Biden has announced that an agreement has been brokered with Republican House Speaker Kevin McCarthy to raise the government's debt ceiling This pivotal piece of legislation, now poised for a vote in Congress, requires a simple majority for its enactment. If passed, it would circumvent an unprecedented debt default potentially looming as early as June 5. President Biden characterises the proposed legislation as a "compromise", outlining a two-year budget plan which, in essence, holds non-defence spending steady for 2024.