Business
MaxAir suspends flight operations for five days
MaxAir suspends flight operations for five days
MaxAir Limited has announced a temporary suspension of flight operations from January 4 to January 8, 2025, to conduct scheduled aircraft maintenance.
In a statement issued Sunday, the airline’s management stated, “This necessary maintenance ensures we continue delivering safe, reliable, and efficient services to you.”
The airline noted that some routes might face disruptions or cancellations during the maintenance period. However, MaxAir assured passengers that normal flight schedules would resume by January 9, 2025.
READ ALSO:
- Two kidnappers killed, four victims rescued in Imo
- Two ladies producing drug-laced cakes for students arrested in Ilorin
- Governor’s aide survives ambush in Southern Kaduna
Passengers impacted by the changes can reschedule their flights at no additional cost.
The announcement comes just weeks after an incident in December 2024, when an engine on a MaxAir aircraft carrying Borno State Deputy Governor, Alhaji Umar Kadafur, and over 100 passengers caught fire shortly after departing Maiduguri International Airport.
The aircraft, en route to Abuja, suffered engine failure caused by a bird strike approximately 10 minutes into the flight. The pilot and crew successfully performed an emergency landing back at Maiduguri Airport, averting a potential disaster.
In a subsequent statement, the airline confirmed the pilot’s decision to return to the airport was prompted by “abnormal engine parameters.”
MaxAir suspends flight operations for five days
Railway
Kano-Kaduna railway project gets $254.76m China bank loan approval
Kano-Kaduna railway project gets $254.76m China bank loan approval
The China Development Bank (CDB) has approved a loan of $254.76 million (€245 million) for the Kano-Kaduna railway project in Nigeria.
According to information on the bank’s website, the funding is expected to provide crucial financial support for the ongoing development of the railway, ensuring the project proceeds without delays.
The Kano-Kaduna railway is a standard-gauge line spanning 203 kilometres, designed to connect Kano, a major commercial hub in northern Nigeria, to the nation’s capital, Abuja.
Once completed, the railway will offer residents a safe, efficient, and convenient transportation alternative, significantly enhancing regional connectivity.
READ ALSO:
- Tinubu cabals, most dangerous in Nigeria’s history, says ex-minister
- Fubara has missed opportunity to settle with Wike – Rivers APC chairman
- Naira exchanges for N1,650/$ in parallel market
Beyond improved mobility, the railway project is expected to stimulate economic activity along its route.
It is also designed to promote the growth of related industries and generate numerous job opportunities for Nigerians during both the construction and operational phases.
The project has been highlighted as a key initiative under the Third Belt and Road Forum for International Cooperation.
It is being executed by the China Civil Engineering Construction Corporation (CCECC), with financing provided by the CDB.
According to the bank, construction is progressing smoothly.
The CDB emphasised its commitment to continued collaboration with the Nigerian government to ensure the timely disbursement of funds and effective management of subsequent phases of the project.
The bank stated, “Going forward, it will closely coordinate with Nigerian partners to ensure the smooth disbursement of subsequent loans and effective post-loan management.”
Kano-Kaduna railway project gets $254.76m China bank loan approval
Business
Naira exchanges for N1,650/$ in parallel market
Naira exchanges for N1,650/$ in parallel market
The Naira yesterday appreciated to N1,650 per dollar in the parallel market from N1,665 per dollar on Monday.
But the Naira depreciated to N1,538 per dollar in the official foreign exchange market.
Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for Nigerian Foreign Exchange Market (NFEM) rose to N1538 per dollar from N1,534.56 per dollar on Monday, indicating N3.44 depreciation for the naira.
READ ALSO:
- Don’t ignore Makinde’s warning on insecurity, Gani Adams tells S-West govs
- UAE golden visa offer, new opportunities for investors, entrepreneurs, students
- 7 things to know about Eric Chelle, new Super Eagles coach
Consequently, the margin between the parallel market and NFEM rate narrowed to N112 per dollar from N130.44 per dollar on Monday.
Naira exchanges for N1,650/$ in parallel market
Business
Naira drops to N1,665/$ in parallel market
Naira drops to N1,665/$ in parallel market
The Naira yesterday depreciated to N1,665 per dollar in the parallel market from N1,660 per dollar last weekend.
But the Naira appreciated to N1,534.56 per dollar in the official foreign exchange market.
READ ALSO:
- Bode George rejects Old Students move to take over King’s College
- Russia claims capture of Ukrainian frontline town
- Obi alleges threat to life over comments on Tinubu
Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for Nigerian Foreign Exchange Market (NFEM) fell to N1534.56 per dollar from N1,535 per dollar last week Friday, indicating 44 kobo appreciation for the naira.
Consequently, the margin between the parallel market and NFEM rate widened to N130.44 per dollar from N125 per dollar last weekend.
Naira drops to N1,665/$ in parallel market
-
metro2 days agoUpdated: Nigerians worry over Wike’s look after poisoning alarm
-
Education2 days agoUNILORIN introduces courier service for collection of certificates
-
Education2 days agoWAEC announces resit exams for candidates from Jan/Feb 2025
-
News18 hours agoReactions as Mahama calls Tinubu ‘president of Ghana’ during inaugural speech
-
metro2 days agoDistribution of CNG buses tears NANS leaders apart
-
Business3 days ago8 financial mistakes to avoid in 2025
-
metro3 days agoNDLEA arrests 61-year-old female Lagos socialite, drug kingpin
-
International2 days agoCanada’s Prime Minister, Trudeau, resigns