Aviation

Aviation sector to benefit from RIDF

Aviation is set to be part of key economic drivers that will benefit from President Bola Tinubu’s proposed Renewed Hope Infrastructure Development Fund (RIDF). In a statement by Ajuri Ngelale, the fund targets strategic sectors like agriculture, transportation, ports,  energy,…

African airlines cargo volume up 17% Jan. 2024

The International Air Transport Association (IATA)   says the cargo volumes for African airlines increased by 17.0 percent in January. IATA, in a report sent to email during the week, said it showed much improvements compared to -1.2 percent performance in the month…

SIFAX Group appoints Basil Agboarumi as Executive Director

SIFAX Group, one of  the leading business  conglomerates in  Nigeria with investment in Maritime, Aviation, Oil & Gas, Haulage & Logistics, Financial Services, and Hospitality, has appointed Basil Agboarumi as its new Executive Director, Corporate and Intergovernmental Affairs. Agboarumi recently…

Nigerian Airlines struggle amidst economic turmoil

Nigeria’s airline operators have lamented significant obstacles hampering business operations, including forex scarcity, soaring Jet-A1 prices, and aircraft acquisition challenges due to country risk. According to airline representatives, the current situation poses an existential threat as aircraft awaiting maintenance remain…