Business

Finally, Nigeria Air to Get Operating Licence Today

Published

3 years ago

June 6, 2022

Hadi Sirika, Minister of Aviation

The proposed national carrier for Nigeria, Nigeria Air will receive its Air Transport Licence (ATL) from the Nigerian Civil Aviation Authority (NCAA) today in preparation for it to start operation after it has obtained its Air Operator Certificate, (AOC).

The licence would be presented to the interim management of the airline at the headquarters of the aviation regulatory body in Abuja.

This was made known on the Instagram handle of the Ministry of Aviation @fmaviationng which read: “The @NigerianCAA will on Monday, June 6th, 2022 present the Air Transport License (ATL) to the interim management of the #NigeriaAir, Nigeria’s national carrier at the NCAA’s Corporate headquarters, Nnamdi Azikiwe International Airport, Abuja.”

The ATL is issued as authorisation to airlines to provide scheduled and non-scheduled services. It is one of the licenses received by airlines before they can commence operation just as they await the AOC that fully guarantees them the right to begin air services.

Nigeria Air Limited had in April 2022 applied to the Nigerian Civil Aviation Authority (NCAA) for a licence to operate scheduled and non-scheduled passenger and cargo services.

The company had disclosed this in a public notice as part of the requirements for granting an AOL.
The notice stated that any person or organisation with objection should make it known before 28 days expire.

“This is to inform the general public that Messrs Nigeria Air Limited has applied to the Nigerian Civil Aviation Authority for the grant of an Air Transport License to operate scheduled and non-scheduled passenger and cargo services within and outside Nigeria,” the notice read.

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Director-general of NCAA said the promoters of Nigeria Air have applied for AOC and that the process was still ongoing.

Nuhu said he has no assurances yet on when the license would be issued because, like all other airlines that had applied for AOC, there are some issues that are not completely under the purview of the NCAA such as seeking security clearance for the applicant.

Nigeria Air had been expected to start operation since it was identified as one of the major projects of the President Mohammadu Buhari administration in the aviation industry.
Sirika had promised that the airline would start operation in June/July. 2022 and the obtaining of ATL is a positive step to actualising that objective.

The Ministry of Aviation recently reiterated that the airline would be driven by the private sector but it is the responsibility of the government to midiwife the national carrier but would only have 5 per cent stake in the company, the technical partner would have about 49 per cent, while the rest would be acquired by local investors.
However, industry analyst and former Commandant of the Murtala Muhammed International Airport, Lagos (MMIA), Group Captain John Ojikutu (retd) expressed doubt about the planned national carrier.

He said his worry was that it might go the same way like the defunct Nigeria Airways Limited (NAL), saying there was nothing being done differently from the way the former national carrier was run.

“My fear about the national carrier is that it will go the same way as Nigeria Airways. I am not in support of it. How many African countries have national carrier now? South African Airways, Kenya Airways which are national carriers are having problems. It is only Ethiopian Airlines that is doing very well, but other national airlines are not doing well. Ghana, Congo, Cameroon don’t have national carrier, but they had in the past. If you say that the private sector will have 95 per cent, why not put the bidding out so that the private sector will drive it? Why are you midwifing it?” he said.

Also the President, Sabre Network West Africa, Dr. Gabriel Olowo, said it was only the Minister of Aviation and his team who could correctly tell if the airline was ready to take off as planned.
Olowo who is also the President, Aviation Round Table (ART) also noted that national carrier for any country was no longer in vogue, describing it as a “mere nomenclature.”

THISDAY

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Railway

Lagos Rail Mass Transit part of FG free train ride – NRC

Published

14 hours ago

December 21, 2024

Trends Admin

Lagos Rail Mass Transit part of FG free train ride – NRC

The Nigerian Railway Corporation (NRC) has disclosed that the Lagos Rail Mass Transit (LRMT) trains are included in the Federal Government’s free train ride initiative for the Christmas and New Year celebrations.

The LRMT, which currently includes the Phase 1 Blue Line Rail and the Phase 1 of the Red Line Rail, operates under the Lagos Metropolitan Area Transport Authority (LAMATA).

This announcement was made by Ben Iloanusi, the Acting Managing Director of the NRC, during an interview on NTA News TV on Friday, following the launch of the initiative earlier that day.

While Iloanusi stated that Phase 1 of both the Blue Line and Red Line Rail projects are part of the program, LAMATA has yet to confirm this inclusion.

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Iloanusi outlined the other routes benefiting from the scheme, which include the Lagos-Ibadan Train Service, Kaduna-Abuja Train Service, Warri-Itakpe Train Service, Port Harcourt-Aba Train Service, and the Bola Ahmed Tinubu Mass Transit in Lagos. Notably, little was previously known about the Bola Ahmed Tinubu Mass Transit service until this disclosure.

“Let me mention the routes where this free train service is happening. We have the Lagos-Ibadan Train Service, we have the Kaduna-Abuja Train Service, we have the Warri-Itakpe Train Service, we have the Lagos Rail Mass Transit trains, we have the Port Harcourt-Aba Train Service, and we have what we call the Bola Ahmed Tinubu Mass Transit, which is also in Lagos,” he stated.

Iloanusi provided operational updates, stating that passengers nationwide can access free tickets online or, for those unable to do so, at train stations where they will be profiled and validated.

He noted that passengers using NRC-managed services (excluding the Lagos Rail Mass Transit) should reserve tickets via the official website, www.nrc.gov.ng, with a valid ID required. He also advised travelers to plan, arrive on time, and bring valid identification.

Lagos Rail Mass Transit part of FG free train ride – NRC

Business

NNPC denies claim of Port Harcourt refinery shutdown

Published

14 hours ago

December 21, 2024

Trends Admin

Port Harcourt refinery

NNPC denies claim of Port Harcourt refinery shutdown

The Nigerian National Petroleum Company Limited (NNPCL) has denied claims in media reports that the newly refurbished Port Harcourt refinery has shut down.

The national oil company denied the claim in a press release issued by its Chief Corporate Communications Officer, Olufemi Soneye, on Saturday.

Soneye said the claim was false and urged Nigerians to disregard it. He stressed that the Port-Harcourt Refinery is fully operational.

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The statement read, “The attention of the Nigerian National Petroleum Company Limited (NNPC Ltd.) has been drawn to reports in a section of the media alleging that the Old Port Harcourt Refinery which was re-streamed two months ago has been shut down.

“We wish to clarify that such reports are totally false as the refinery is fully operational as verified a few days ago by former Group Managing Directors of NNPC.”

He noted that preparation for the day’s loading operation is currently ongoing, and added that claims of the shutdown are “figments of the imagination of those who want to create artificial scarcity and rip-off Nigerians.”

NNPC denies claim of Port Harcourt refinery shutdown

Business

CBN permits BDCs to buy up to $25,000 FX weekly from NFEM

Published

2 days ago

December 20, 2024

Trends Admin

CBN Governor, Olayemi Cardoso

CBN permits BDCs to buy up to $25,000 FX weekly from NFEM

The Central Bank of Nigeria (CBN) has granted Bureau de Change (BDC) operators temporary permission to purchase up to $25,000 weekly in foreign exchange (FX) from the Nigerian Foreign Exchange Market (NFEM).

This move, detailed in a circular dated December 19, 2024, is designed to meet seasonal retail demand for FX during the holiday period.

The circular was signed by T.G. Allu, on behalf of the Acting Director of the Trade and Exchange Department.

The arrangement will be in effect from December 19, 2024, to January 30, 2025.

Under the directive, BDCs may purchase FX from a single Authorized Dealer of their choice, provided they fully fund their accounts before accessing the market.

Transactions to occur at the prevailing NFEM rate

The transactions will occur at the prevailing NFEM rate, and BDCs are required to adhere to a maximum 1% spread when pricing FX for retail end-users.

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All transactions conducted under this scheme must be reported to the CBN’s Trade and Exchange Department.

The circular read in part:

“In order to meet expected seasonal demand for foreign exchange, the CBN is allowing a temporary access for all existing BDCs to the NFEM for the purchase of FX from Authorised Dealers, subject to a weekly cap of USD 25,000.00 (Twenty-five thousand dollars only).

This window will be open between December 19, 2024 to January 30, 2025.

“BDC operators can purchase FX under this arrangement from only one Authorized Dealer of their choice and will be required to fully fund their account before accessing the market at the prevailing NFEM rate. All transactions with BDCs should be reported to the Trade and Exchange department, and a maximum spread of 1% is allowed on the pricing offered by BDCs to retail end-users.”

The CBN assured the general public that PTA (Personal Travel Allowance) and BTA (Business Travel Allowance) remain available through banks for legitimate travel and business needs.”

These transactions are to be conducted at “market-determined exchange rates” within the NFEM framework.

This initiative reflects the CBN’s strategy to stabilize the FX market and manage seasonal surges in demand.