Business
Emirates, Air Peace in agreement to link 13 Nigerian cities
Emirates, Air Peace in agreement to link 13 Nigerian cities
As part of a comprehensive Bilateral Air Services Agreement (BASA) between Nigeria and United Arab Emirates (UAE), Emirates Airlines and Air Peace have signed an interline pact.
According to experts, the move would enhance connectivity for passengers travelling between Nigeria and UAE.
The experts described the partnership as one of the major steps to drive collaboration between foreign carriers and indigenous operators.
Emirates Airlines said in a statement yesterday that the partnership would expand its footprint to 13 new cities in Nigeria with frictionless single-ticket travel and simplified baggage throughput.
It explained that travellers booked on flights from Dubai to Lagos can access more of Nigeria, with onward connections to Asaba, Akure, Benin , Calabar, Enugu, Ilorin, Kaduna and Owerri.
The interline agreement will also benefit corporate travellers by connecting them to additional cities like , Kano, Uyo, Port Harcourt and Warri.
Adnan Kazim, Emirates’ deputy president and chief commercial officer said: This partnership with Air Peace is the next step on this journey, bolstering our connectivity and introducing more travel options for corporate leisure, and travellers visiting friends and family to and from Nigeria.’’
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Chief Operating Officer, Air Peace, Oluwatoyin Olajide, said: ,”We are excited about this strategic interline partnership between Air Peace and Emirates, which is a significant step towards enhancing global connectivity for Nigerian travellers.
‘’ It aligns with our mission to provide seamless, world-class travel experiences while expanding our route network and international reach.
“This partnership also reinforces Nigeria’s aviation sector by enhancing connectivity, efficiency and positioning our country as a critical hub for regional and global travel.’’
Once the implementation begins, it would be easy for a traveller to book an Emirates’ international flight from any of the 13 cities and be picked from the city by Air Peace to link up with Emirates Airline for the flight out of the country.
Nigeria and UAE are also set to commence a mutual air travel ties with the signing of an amended BASA between them.
Aviation and Aerospace Development Minister Festus Keyamo penned his name on behalf of Nigeria and UAE’s Minister of Economy Abdulla Bin Touq Al Marri for his country.
The ceremony took place at the ICAO Global Implementation Support Symposium (GISS) 2025 in Abu Dhabi.
Key areas agreed by both countries include expansion of codeshare agreements, capacity building and technical support, especially safety, airport facilitation and security.
Keyamo, in a statement yesterday by his Media Aide, Tunde Moshood, emphasised the importance of enhancing connectivity between Nigeria and the UAE with a focus on interlining opportunities for Nigerian airlines.
The minister also advocated a review of UAE’s visa restrictions on Nigerians. He stressed that easing the current conditions would increase passenger traffic on designated routes and benefit both nations.
Keyamo reaffirmed Nigeria’s readiness to work closely with the UAE to implement the agreement and ensure both countries maximised the economic and operational benefits of a strengthened partnership.
Emirates, Air Peace in agreement to link 13 Nigerian cities
Business
MTN, Airtel to share network infrastructure in Nigeria
MTN, Airtel to share network infrastructure in Nigeria
Airtel Africa has partnered with MTN Group to expand digital inclusion by sharing network infrastructure in Uganda and Nigeria.
In a statement in Lagos on Wednesday, Airtel said the sharing agreements aim to improve network cost efficiencies, expand coverage, and provide enhanced mobile services to millions of customers.
A sharing agreement is a formal arrangement between two or more parties to share resources, assets, or services.
According to the telecommunications company, the partnership will benefit customers in remote and rural areas who do not yet fully enjoy the benefits of a modern connected life.
Airtel assured that both parties will ensure the agreement complied with local regulatory and statutory requirements.
Sunil Taldar, chief executive officer (CEO) of Airtel Africa, said telecommunications companies are driving digital financial inclusion by building common infrastructure within the regulatory framework.
Taldar noted that the collaborative approach not only advances digital transformation and financial inclusion but also reduces the duplication of expensive infrastructure.
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As a result, Taldar said operational efficiencies are boosted, ultimately benefiting customers.
He further said telecoms continue to compete fiercely in the market, differentiating themselves through their brand, services, and offerings.
“The initiative is part of a growing global trend toward network sharing. By collaborating, telecoms operators can explore innovative and pro-competitive solutions to improve service quality while managing costs more effectively,” Taldar said.
“The sharing of infrastructure has the potential to enable the delivery of world-class, reliable mobile services to more and more customers across Africa.”
Taldar added that following the conclusion of agreements in Uganda and Nigeria, MTN and Airtel Africa are also exploring various opportunities in other markets, including Congo-Brazzaville, Rwanda, and Zambia.
Ralph Mupita, MTN Group CEO, said there is a need to invest in coverage and capacity to ensure high-quality connectivity to meet customers’ increasing demands.
“As MTN, we are driven by the vision of delivering digital solutions that drive Africa’s progress,” Mupita said.
“We continue to see strong structural demand for digital and financial services across our markets.
“To meet this demand, we continue to invest in coverage and capacity to ensure high-quality connectivity for our customers.”
Mupita added that there are opportunities within regulatory frameworks for sharing resources to drive higher efficiencies and improve returns.
MTN, Airtel to share network infrastructure in Nigeria
Business
NNPCL in historic initial public offer, ready for capital market
NNPCL in historic initial public offer, ready for capital market
The Nigerian National Petroleum Company Limited (NNPCL) has announced that it is in the final stages of preparation for its much-anticipated listing on the capital market, in line with the provisions of the Petroleum Industry Act (PIA) 2021.
The company’s Chief Corporate Communications Officer, Olufemi Soneye, disclosed this in a statement on Thursday in Abuja.
According to the statement, the Chief Finance and Investor Relations Officer, Olugbenga Oluwaniyi, revealed the development during a consultative meeting with partners at the NNPC headquarters.
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He stated that NNPCL is currently engaging with potential investors through an exercise called the “NNPC Ltd. IPO Beauty Parade,” which aligns with capital market regulations ahead of its Initial Public Offer (IPO).
“According to the CFIO, the aim of the IPO Beauty Parade is to access potential partners and determine in what ways they could be of support to the company,” the statement explained.
The statement further highlighted that NNPCL is seeking partnerships in three key areas: Investor Relations, IPO Readiness Advisors, and Investment Banking Partners. Companies with the most competitive offers will be selected for each category.
An IPO is a public offering in which a company’s shares are sold to institutional investors. Under the PIA, NNPCL is required to list its shares on the capital market in compliance with the Companies and Allied Matters Act (CAMA) 1990.
NNPCL in historic initial public offer, ready for capital market
Business
Naira rises to N1,560/$ in parallel market
Naira rises to N1,560/$ in parallel market
The Naira yesterday appreciated to N1, 560 per dollar in the parallel market from N1,570 per dollar on Wednesday. But the Naira depreciated to N1,540 per dollar in the Nigerian Foreign Exchange Market (NFEM).
Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,540 per dollar from N1,539 per dollar on Wednesday, indicating N1 depreciation for the naira.
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