Aviation

Nigeria’s carriers, Ibom Air pulls out of planned airlines shutdown

Ibom Air, one of Nigeria’s carriers has pulled out of plans by most airlines in Nigeria to shut down flight operations from Monday. This decision is coming barely 24 hours after the Airline operators of Nigeria, (AON) disclosed plans to shut down operations following the continuous increase in Aviation fuel. In a statement by the airline, Ibom Air stated that it acknowledges the existential…
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Aviation

Aero Contractors deny plans to close operations

This denial follows the report carried by a media outfit with headline ’61 Years After Nigeria’s Foremost Airline, Aero Contractors Goes Under.” According to Aero, the story is highly speculative, preposterous and misleading of what was not discussed. According to the…
Aviation

Domestic airlines operating in Nigeria to shut operations

Domestic airlines operating in Nigeria have said they will discontinue operations nationwide with effect from Monday May 9, 2022 until further notice as a result of the fuel increase nationwide. In a statement by the Airline Operators of Nigeria (AON), it stated that member airlines have carried on deploying and subsidizing their services to the Nigerian flying public in the last four months…
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Technology

MTN Nigeria receives approval to launch payment service bank

MTN Nigeria, a leading telecommunications services provider led by Nigerian business executive Karl Toriola, has received final approval from Nigeria’s apex monetary authority, the Central Bank of Nigeria (CBN), to launch its payment service bank. According to the final approval, the payment service bank will be known as Momo Payment Service Bank Limited (Momo PSB) and will operate as a…
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