Few hours after announcing the sack of 11 directors in the Nigerian civil Aviation Authority (NCAA), Federal Government has appointed three new Directors and a General...
Acting President Prof Yemi Osinbajo GCON paid an unscheduled working visit to the Murtala Muhammed International Airport, in Ikeja, Lagos, on Thursday. The visit, which caught...
Nigerian largest carrier, Arik Air, which was recently taken over by the Assets Management Corporation of Nigeria (AMCON) following huge indebtedness, has been suspended from...
With the arrival of a new aircraft, a 114-capacity Boeing 737-500, Air Peace, one of Nigeria’s growing domestic airlines, said the latest arrival will infuse new...
The recent hike in the price of Jet A1 otherwise known as aviation fuel to about N265 per litre from N220 it sold for in...
Assets Management Corporation of Nigeria (AMCON) took over Arik because the airline was owing the corporation N146 billion. Ahmed Kuru. The corpotation’s managing director said this...
By Odunewu Segun Huge debt burden which in recent times have toppled some key players in Nigeria’s aviation sector may portend great danger to the sector...
Senate summons AMCON By Odunewu Segun The new management of Arik Airlines has announced the suspension of international flight operations to London and South Africa to...
Following the take-over of financial crisis ridden Arik Air by the Asset Management Corporation of Nigeria, AMCON, KPMG has been contracted to undertake a forensic...
The Asset Management Corporation of Nigeria (AMCON) has said Arik Air would require over N10 billion cash injection before resuming full and uninterrupted operations on its...