No airline can break even with less than 40% load factor at extremely low fares- Olowo

The president of Aviation Round Safety Initiative, ART, Dr Gbenga Olowo has said that no airline can ever break even in Nigeria with less than 40 percent load factor at the extremely low fares prevalent in the market where passengers pay less than $100 per hour on jet engines. Speaking in an interview in Lagos, Olowo noted that this is where government intervention in Airline economics is needed in Nigeria by deliberate application of subsidies on fuel, taxes, airport charges, Value Added Tax, 5percent or lower interest rate on loans,…

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Culture: Telling Buhari story in five years

By Frank Meke To the Nigerian tourism community, President Mohammadu Buhari certainly did not factor Culture and Tourism in his game plan to revive the Nigerian economy. The octane voices of aggressive lobbyists for the new economy under the Buhari government, had no time and space to lubricate the biggest driver new jobs and rural development and it caused some of us the palpitations of the heart. And with the merger of Culture, Information and national orientation as a ministry, industry stakeholders, particularly the very vocal travel press, folded up…

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Court sentences driver to 10 years imprisonment for importing hard drugs

A driver, Akinola Sulaiman, was today, convicted and sentenced to 10 years imprisonment by a Federal High Court, Lagos, for importation of 11 kilograms of hard drugs. Justice Babs Kuewumi, convicted and sentenced the driver, after upholding prosecution’s submissions on the charges against him. The convict, a driver in Ghana plying Nigeria route, was arrested on the 30th of August 30, 2013 with 1.3kg of Heroin neatly concealed in a big brown travelling bag with false bottoms, hidden in a Toyota Camry car with registration number JJJ 584 AE Lagos.…

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