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United Nigeria Airlines closes first tranche of ₦100bn CP programme …Exceeds N20bn target in oversubscribed issuance

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  United Nigeria Airlines closes first tranche of ₦100bn CP programme …Exceeds N20bn target in oversubscribed issuance      United Nigeria Airlines has closed the first tranche of its ₦100 billion commercial paper (CP) programme after raising ₦22 billion. The issuance was oversubscribed with demand exceeding the ₦20 billion target, which reflects strong investor confidence in the airline’s financial performance, growth strategy and credit profile. In recognition of the strong response, United Nigeria Airlines absorbed 10% of the excess subscription and returned the remainder to subscribers whose applications could not be fully allocated. Responding to the development, the Managing Director of UNA, Mazi Osita Okonkwo said: “The level of demand we received is a clear endorsement of our business model, and financial performance as well as the confidence the market has in our growth plans. The proceeds will support fleet expansion and operations. We are grateful to the i...

Scorecard: Gov Otu Cites Debt Reduction, Asset Recovery as he Inaugurates APC Campaign Council

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 Scorecard: Gov Otu Cites Debt Reduction, Asset Recovery as he Inaugurates APC Campaign Council Cross River State governor, Senator Bassey Otu, Saturday, presented his administration’s record of debt reduction, asset recovery, infrastructure renewal and public service reforms as evidence of progress under the People First Agenda, declaring that a second term would propel the state from economic recovery to wealth creation and shared prosperity. Otu made the declaration in Calabar, while inaugurating the Cross River State All Progressives Congress (APC) Campaign Council for the 2027 general elections. He charged party leaders and campaign officials to take the administration’s achievements to the electorate, insisting that continuity was essential to consolidating the foundations already laid for sustainable development. Reflecting on the circumstances surrounding his assumption of office in May 2023, the governor recalled that the state was grappling with insecurity, a demoralised ...

Okonkwo calls for collaboration, overhaul of Igbo business model

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  Okonkwo calls for collaboration, overhaul of Igbo business model …Says businesses should emulate Air Peace, United Nigeria Airlines’ partnership The executive chairman of United Nigeria Airlines, Prof. Obiora Okonkwo, has said that the Igbo entrepreneurial model must be reformed, not discarded, if it is to remain competitive in today’s global economy. Prof. Okonkwo, who was the facilitator at the 2026 Annual General Meeting of De Imperial Philanthropic Family in Lagos at the weekend, delivered a talk titled “Recalibrating the Igbo Entrepreneurial Model for the Emerging Global Economy.” His stance was that though the strength of the model which includees individual initiative, self-reliance and a long record of commercial success, remain valuable, the challenge is not to abandon the traditional model but to recalibrate it. Prof. Okonkwo’s first proposal was to reformulate the Igbo apprenticeship system where apprentices would be competent in digital commerce, financial technology,...

NCAT rector receives excellence award

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  NCAT rector receives excellence award  The Rector/Chief Executive of the Nigerian College of Aviation Technology (NCAT), Zaria, Dr Danjuma Adamu Ismaila; has received the Excellence in Public Service Administration Award 2026. The Award presented yesterday at the 2026 National Summit of the Nigerian Press Council (NPC), held at the NICON Luxury Hotel Abuja. Dr Danjuma Ismaila was honored alongside other distinguished Nigerians, including Governor Abdullahi Sule of Nasarawa State; the Minister of Defence, General Christopher Musa; the Minister of Information & National Orientation, Alhaji Mohammed Idris;  Senator Bwacha among a few others.  The recognition celebrates Dr Danjuma Ismaila’s remarkable achievements and contributions to Public Service Administration and general Air Transport education. The Rector welcomed the award as a very humbling experience and a call to a renewed commitment to greater service to the aviation sector and Nigeria. He dedicates the...

Ahmad Abba Re-elected IFATCA Executive Vice President for Africa and Middle

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 Ahmad Abba Re-elected IFATCA Executive Vice President for Africa and Middle East Ahmad Abba , Director of Aerodrome and Airspace Standards at the Nigeria Civil Aviation Authority (NCAA), has been re-elected Executive Vice President for Africa and the Middle East (EVP-AFM) of the International Federation of Air Traffic Controllers’ Associations (IFATCA). Abba’s re-election took place at the 37th IFATCA Africa and Middle East Regional Meeting, held in Amman, Hashemite Kingdom of Jordan, from 26 to 30 October 2026. His new term will run from 2027 to 2029. First elected to the regional leadership position in 2024, Abba’s re-election reflects the confidence of IFATCA’s member associations in his leadership and continued commitment to advancing the interests of air traffic controllers across Africa and the Middle East. In his role as EVP-AFM, Abba will work with member associations, aviation authorities, international organisations and industry partners to strengthen regional cooperatio...

Babalakin inspects facility at MMA2 ahead of regional operations

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 Babalakin inspects facility at MMA2 ahead of regional operations The Chairman of Bi-Courtney Aviation Services Limited (BASL), Dr. Wale Babalakin has inspected the terminal at Murtala Muhammed Airport Terminal Two (MMA2), Lagos, as preparations intensify for the commencement of regional flight operations. The visit follows the recent signing of the settlement agreement concerning the MMA2 concession, marking a significant milestone in the resolution of the concession dispute and paving the way for the terminal to advance preparations for regional operations. Spokesperson and Head , Corporate Communication,  Bi- Courtney Aviation Services Limited (BASL), Mrs Ajoke Yinka-Olawuyi said during  the inspection, Dr. Babalakin visited key areas undergoing preparatory works, including the regional arrivals area, the apron extension and the staff and concessionaire access gate. The Acting Chief Operating Officer & Head, Aeronautical and Cargo Services, Mr. Remi Jibodu, led the...

NPERA Targets Transparent Port Charges, Integrated Cargo Evacuation to Cut Logistics Costs

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 NPERA Targets Transparent Port Charges, Integrated Cargo Evacuation to Cut Logistics Costs The Nigerian Ports Economic Regulatory Agency (NPERA) has reaffirmed its commitment to promoting transparent port charges, fair competition and efficient cargo evacuation as part of efforts to reduce logistics costs and strengthen Nigeria’s maritime competitiveness. The Director-General and Chief Executive Officer of NPERA, Akutah Pius Ukeyima, Esq., MON, Ph.D., said effective port economic regulation was critical to improving service delivery, protecting port users and creating a predictable operating environment for investors and maritime businesses. Akutah who was represented by the Deputy Director, Inland Transport Services Department, Mr. Obinna Ofurum stated this in his goodwill message at the Nigerian Transport Summit 2026, organised by JustAlive Communications Limited at Providence Hotel, G.R.A., Ikeja, Lagos, on Friday. The summit was held under the theme, “Navigating Global Disrupt...