... Airline now fly to Ghana, Togo, Senegal Nigerian flag carrier, Arik, has disclosed that it is now back to flying around 4,000 passengers per day with its fleet of aircraft. Speaking with journalists in Lagos, Roy Ilegbodu, the managing director of Arik Air, commended the measures put in place by Asset Management
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Nigeria’s Courier firms to lose N.5bn to electronic circulation of quoted companies’ annual reports, dividend warrants
Courier organizations in Nigeria may soon be losing over N500 million annually when delivery of annual reports, notices of annual general meetings and dividend warrants go fully electronic. Moov Logistics News gathered that for some years now a number of courier companies have been feeding fat on this errand service to stock
Low pricing affects local airline operators
. Revenue dips by 50 per cent • Delta Airline takes over U.S. route from Arik • FirstNation scales down operations The current low pricing strategy and the attendant low cost of local air travel in the country may be attracting new passengers to airlines, but fast lowering the chances of struggling aircraft
How Certification of Lagos Airport Might Reduce Airlines’ Insurance Premium
INTERVIEW - In this interview with ANTHONY AWUNOR of the LEADERSHIP Newspaper, Engineer Saleh Dunoma, the Managing Director of the Federal Airports Authority of Nigeria (FAAN) explains the readiness of FAAN on Certification of Lagos airport and how important the process is to the aviation industry. Excerpts: Lagos airport is expected to
Unveiling the new Mercedes super-long luxury convertible
Mercedes-Maybach unveiled its new Vision 6 Cabriolet concept at the 2017 Monterey Car Week in Monterey, California. The stunning drop top is the ultimate embodiment of the Mercedes' Sensual Purity design philosophy. The concept melds classic automotive design element with a sleek futuristic aesthetic. With its long nose, tapering tail, sparkling
Nigeria Leads in e-commerce opportunity In Africa
Nigeria is in pole position to take advantage of the Africa region’s e-commerce potential projected to reach $50 – $75 billion within the next 5-10 years, according to the latest research by the Economist Intelligence Unit (EIU). The report which relied on data generated by the research and analysis division of
Ethiopian Airlines Targets $10bn Revenue, 146 Destinations
Known for over-reaching its targets, Africa's most successful carrier, Ethiopian Airline has said it is working to be a 10 billion dollar profit making organization, fly 120 international and 26 domestic destinations by 2025. But the airline, which has remained the most profitable operator in the continent, has actualized its set
Volkswagen led Top 10 Automakers For June 2017
Reports of the imminent loss of Volkswagen’s worldwide sales crown are exaggerated, global data house JATO Dynamics suggests in its list of the top 10 global automakers. Volkswagen Group is firmly in the top position on this list, while Renault-Nissan and Toyota are neck-and-neck in the next two places. Also: “Peak
How Nigerian Airlines Spend N50bn Yearly Overseas on Aircraft Maintenance
The low value of the naira according to a THISDAY newspaper report has increased the cost of overseas aircraft maintenance to over N50 billion annually, Nigerian airline operators have said. They noted that the cost would have been higher if many of the airlines did not shut down their operations in
