India celebrates direct flight from Nigeria as Air Peace airlifts 312 passengers to Kochin

The government of India celebrated the first direct flight from Nigeria when the nation’s major carrier, Air Peace, airlifted 312 if its citizens from the Murtala Muhammd International Airport (MMIA), Lagos to Kochin.  According to the verified twitter account of Indians in Nigeria, @india_nigeria, the “repatriation of India nationals from Nigeria began today (Sunday) with the Lagos-Kochin Air Peace flight with 312 passengers. It is the first ever Nigerian airline to fly directly to India.”  The Indians in Nigeria commended the Nigerian government, the Indian embassy in Nigeria and others…

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Evacuation flights: House committee on aviation asks aviation authorities to deny titan airlines landing rights

The House of Representatives Committee on Aviation chaired by Honourable Nnolim Nnaji has warned that on no account should a UK based Titan Airways be granted approval to fly into the country for evacuation flight if Nigerian Airline is refused landing rights for similar flight by the United Kingdom Authorities. The committee arrived at this decision at the end of the investigative hearing Friday on the use of foreign airlines to evacuate stranded Nigerians out of the United Arab Emirates, United Kingdom and the United States of America by Emirates…

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Air Peace evacuates 301 Chinese from Nigeria

Nigeria major carrier, Air Peace on Thursday evacuated 301 Chinese from the Murtala Muhammed International Airport (MMIA), Lagos to Guangzhou Baiyun International Airport, China’s most populous, commercial city. The evacuation which was arranged by the Chinese government took off about 10: 00 pm Nigerian time and arrived at about 1:15 pm Nigerian time on Friday. The Nigeria carrier was also the airline that evacuated Israelis living in Nigeria late March and has been contacted by other countries for evacuation operations. Spokesman of the airline, Stanley Olisa confirmed the successful flight…

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Building infrastructure key to survival of aviation industry

Building aviation infrastructure has been identified as the way forward for the aviation industry to survive post covid-19. This was the call made by panelists at the second edition of the aviation webinar organized by AELEX Partners. With the theme “Flying into Turbulent Skies, Safely Navigating covid-19 Headwinds – Survival Strategies for Nigerian Aviation”, the conversation was centered on economic policy, state support and finance issues affecting airlines, airports and other stakeholders in the aviation industry. Moderated by Mr. L Fubara Anga, the Head of Transportation and Finance Practice Groups,…

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Stanbic IBTC Holdings PLC celebrates digital graduate trainees

The first ever digital graduation ceremony of the Stanbic IBTC Group was recently held in honour of the 17th Stream of Stanbic IBTC Holdings PLC Graduate Trainees who were themselves trained digitally. In his welcome remarks at the ceremony, Yinka Sanni, Chief Executive, Stanbic IBTC Holdings PLC said the decision to organise a ‘virtual’ graduation ceremony for the graduates was based on the COVID-inspired lockdown currently in place in many parts of the country. Describing the occasion as epoch making, the Stanbic IBTC Holdings PLC Chief Executive advised the Graduate…

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AMCON injected ₦50billion to stabilise aviation, urges FG to bailout sector over covid-19

Asset Management Corporation of Nigeria (AMCON) said it has injected around N50billion into the aviation sector solely to stabilize airline operations in the country between 2012 and 2020. This was disclosed on Wednesday by Mr. Aminu Ismail, the executive director, Operations at AMCON. He said AMCON’s intervention led to the purchase of about $1 billion Non-Performing Loans (NPL’s) from Nigerian banks owed by major Nigerian airlines including Aero Contractors, Arik Air amongst others. Although the aviation sector accounts for around 8 per cent of AMCON’s restructuring portfolio, Ismail explained that…

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Police drag GTB, 2 others to Court over alleged $667, 000 fraud

The Police Special Fraud unit (PSFU), has dragged Guaranty Trust Bank (GTB) Plc and two others before a Federal High Court, Lagos, over alleged $667, 000 USD, fraudulently lodged with the bank. Others joined with GTB Plc in a suit marked FHC/L/CS/586/2020, are: Albert Austine Ugochukwu and a limited liability company, Tasmara Integrated Services Limited. GTB Plc and others were brought before the court presided over by Justice Ayokunle Faji, by PSFU in a motion exparte, pursuant to section 6(6)(b), (2)(k) of the Constitution of the Federal republic of Nigeria…

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COVID-19: Stanbic IBTC outlines strategies for companies to stay afloat

As businesses across the globe continue to adapt to the new normal as a result of the coronavirus (COVID-19), Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has identified strategic decisions that companies need to make in order to keep their businesses afloat. The leading full-service financial services organization advised companies and business owners to take advantage of opportunities such as the Central Bank of Nigeria’s COVID-19 Intervention Fund while also exploring digital transformation options. Other solutions proferred include engagement of legal counsels to review key issues as…

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Ethiopian Airlines not contracted to evacuate Nigerians from Canada- GM Mekonnen

Contrary to reports that Ethiopian Airlines has been given the go ahead order to evacuate Nigerians from Canada by the Canadian Embassy, the management of the Airline has stated that the airline is not yet contracted to evacuate Nigerians from Canada. The Airline explained in a statement signed by the general manager in Nigeria, Mrs Firihewot Mekonnen that it only evacuated 187 Canadians and resident permit holders from Nigeria on 21 May from Lagos airport on B787 to Addis Ababa onward transfer to Canada. Mekonnen said Ethiopian Airlines has been…

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UK Government announces three more charter flights for British travellers

Hundreds more British travellers are set to return home from Nigeria on three flights chartered by the UK Government. More than 1,700 British travellers have already returned to the UK on special charter flights in April and May – from Lagos and Abuja. Details of the new flights are: • Friday 29 May: Lagos – London • Monday 1 June: Lagos – London • Saturday 6 June: Abuja – London A UK organised special internal charter flight will travel from Port Harcourt to Abuja on Saturday 6 June to enable…

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