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Tackling air fare: Passengers urge FG to strengthen naira value

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Some air passengers at Nnamdi Azikiwe International Airport (NAIA), Abuja have urged the Federal Government to strengthen economic policy to improve the naira value to curb skyrocketing air fares.

The passengers at the NAIA made the call in separate interviews with the News Agency of Nigeria on Thursday in Abuja.

According to them, strengthening the value of the naira will help local airlines operators to buy the aviation fuel (JET A1) at a less exchange rate and will reduce the cost of domestic flights.

A passenger, Mr Olakitan Raymond, a media and entertainment expert, urged the Federal Government to put in place system that enable the nation’s currency to appreciate, saying this would in turn affect the price of the aviation fuel.

He said devaluation of naira had been the usual occurrence in recent years in the country, which had greatly contributed to the scarcity of aviation fuel.

“This is making local airlines to keep increasing their air fares. I am coming from Lagos. The ticket was about N72,000 and I booked two days ago with Air Peace.

“Air fare is very high. Of course, in December now, it is going to shoot up. Airlines are also complaining about operation charges, different taxations among others.

“Those in charge of economic policy should know what to do and how to go about it to rescue Nigeria, “ he said.

Pastor Segun Akanmu appealed to Federal Government to do the needful to free the nation from inflation that had been badly affecting aviation sector.

Akanmu said travelling by air was no more for commoners in the country as the air tickets of all the local airlines were out rightly outrageous.

“I travelled to Lagos two weeks ago. I bought the ticket for N78, 000 from Ibom Air, while my return to Abuja on Air Peace was N70.000. The situation in the country is alarming.

“The government also increased the fare for parking space, and made toll gates for other parking spaces, which used to be free. Most of these things bounce back on the passengers.

“Initially, the airlines increased the fare to N50, 000. Immediately they discovered that fuel aviation was becoming scarce, they have to increase it a little bit, “ he said.

Another passenger, who worked with Nigerian Woman Trust Fund, but preferred anonymity, explained that aviation sector was at a critical stage and the relevant stakeholders` attention were urgently needed for its survival.

He said the masses were not finding it easy to travel by air as usual to their places of interest as a result of exorbitant prices of tickets.

“My colleague and I paid N178, 000 for our flight from Abuja to Taraba on Tuesday. For our coming, we paid N140, 000 from Taraba back to Abuja by Air Peace for economic class.

“We booked like two or three days to our departures“ he said.

He also urged local airline operators to improve services toward avoiding flight delays and cancellations.

“Delay is not a good practice. I am coming from Taraba state. I am supposed to be here since 12.15 p.m. My departure was 11a.m. We arrived at Abuja at 3.30p.m.

“Imagine the hours we were being delayed without any genuine excuse from them, “ he said.

Mrs Duro Ajala, a passenger told NAN that the increase in fuel prices and foreign exchange really posed serious challenge to the industry.

According to her, the Airline Operators of Nigeria (AON) many times complained about unavailable FOREX for spare parts and maintenance.

“All these factors come to play when they are charging for their tickets. Government just need to intervene by apply best practice system to address burning issues in aviation sector.

“About a week ago, I booked with Dana Air for a round ticket from Lagos to Abuja for N125, 000.

“The price has actually gone higher. Though, it is fast and safe to travel by air compared to by road or any other means. You need to choose between high cost and your own safety, “ she said.

Reacting, Mr Sam Adurogboye, the General Manager, Public Affairs, the Nigeria Civil Aviation Authority (NCAA), said Air fares had been liberalised.

“It is now governed by demand and supply. We are against predatory practices; which is under-pricing, “ he said.

NAN checks at the booking counters of some airlines in Abuja airport showed that Abuja-Lagos, one-way economy flight sells for between N64, 000 and 85, 000, depending on airlines, while return tickets sells for between N123, 000 and N172, 000.

Flight booked in advance range from N60, 000 to N83, 000 for economy class on one-way.

In spite of high air fares, NAN observes that most flights to and from Abuja are always fully booked.

The minimum ticket fare for a three-week booking on Air Peace, Max Air, Dana Air, Ibom Air and others have been pegged at 65,000 flat rate.

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SPORTS

CAF announces free e-visas for fans attending AFCON Morocco 2025

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CAF announces free e-visas for fans attending AFCON Morocco 2025
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The Confederation of African Football and the AFCON Morocco 2025 Local Organising Committee on Friday announced that fans travelling to the tournament will be eligible for free electronic visas.

The policy benefits citizens of countries that normally require a visa to enter Morocco.

“Electronic visas to enter Morocco — obtained through the YALLA app — are now free of charge for supporters attending the competition, which runs from 21 December 2025 to 18 January 2026,” CAF said in a statement on its website.

The governing body said the announcement comes amid growing global demand for Africa’s biggest football event, with more fans booking tickets.

It explained that fans need two documents, a fan identification and an e-visa, to stay in Morocco and enter football stadiums throughout the tournament.

“A Fan ID is mandatory for entry to all stadiums and official Fan Areas. Supporters can apply for both the Fan ID and e-visa in one place inside the YALLA app, streamlining travel and stadium access.

“The Fan ID application and e-visa request are completed seamlessly within the YALLA app, ensuring a faster, easier and secure experience for international visitors and local fans alike,” the statement added.

To apply, fans are urged to download the YALLA app on Google Play or the App Store, or visit the official YALLA website, complete the Fan ID form, and, if required, submit the e-visa request.

Once approved, supporters can purchase match tickets on the CAF ticketing platform.

“The new measures are designed to deliver a seamless, secure fan experience for Africa’s showpiece event that will be played across nine stadiums in six cities,” CAF said.

With Morocco hosting for the first time since 1988, the continent’s biggest football festival returns to North Africa amid high expectations, fierce rivalries, and a new generation of African stars ready to make their mark.

A total of 24 teams are expected to participate.

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CBN unveils phased overhaul of fixed income market to boost transparency

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The Central Bank of Nigeria (CBN) has announced a phased restructuring of the Nigerian Fixed Income Market as part of sweeping reforms to strengthen transparency, improve efficiency, and reinforce regulatory oversight across the country’s financial ecosystem.

In a circular signed by Okey Umeano, Acting Director of the Financial Markets Department, the apex bank disclosed that it will assume full control of both the settlement process and the trading platform for fixed income transactions beginning November 2025.

According to the CBN, this transition will allow the Bank to manage the trading environment directly while handling end-to-end settlement of fixed income instruments within its established financial market settlement system.

“This transition will enable the CBN to assume direct responsibility for the management of the trading platform and handle end-to-end settlement activities under the Bank’s established settlement system for financial market transactions,” the statement read.

To minimize disruption and ensure market stability, the reform will be implemented in carefully sequenced stages, with active involvement of key market stakeholders, particularly the Financial Markets Dealers Association (FMDA). The milestones for the first phase include:

READ ALSO: Fifth straight inflation drop sparks calls for CBN interest rate reduction

User Acceptance Testing (UAT): Scheduled for the second week of October 2025, to test the proposed settlement infrastructure.

Pilot Phase: A transitional phase to run alongside the current system, ensuring operational stability and user adaptation.

Go-Live 1 (Settlement Process): Full migration of fixed income activities to the new CBN settlement system, starting November 3, 2025.

Go-Live 2 (Trading Platform): Launch of the new CBN-sponsored trading environment for Primary Dealers, Market Makers (PDMM), Pension Fund Administrators (PFAs), and other approved market participants on December 1, 2025.

The apex bank emphasized that the reforms are designed to “strengthen market integrity, streamline operations, and establish a unified regulatory framework that ensures end-to-end visibility and supervisory oversight of fixed income transactions.”

Acknowledging the FMDA’s central role in market development, the CBN called for continued collaboration, stressing that stakeholder input would remain critical throughout the transition.

 

“We look forward to your continued partnership as we work together to deliver a more efficient, transparent, and resilient fixed income market,” the Bank stated.

The CBN assured participants that the transition would be coordinated to avoid disruptions and would ultimately serve the broader interests of market stability and economic growth.

The overhaul of the fixed income market is the latest in a series of regulatory reforms introduced by the CBN to strengthen Nigeria’s financial system. Just last month, the apex bank directed all Domestic Systemically Important Banks (DSIBs) to adopt early succession planning for Managing Directors/Chief Executive Officers (MD/CEOs) and top executives.

Under that directive, signed by Dr. Rita Sike, Director of the Financial Policy and Regulation Department, DSIBs must secure regulatory approval for the appointment of a successor MD/CEO at least six months before the expiration of the incumbent’s tenure. The move, according to the CBN, is aimed at bolstering corporate governance and reducing leadership uncertainties that could undermine financial stability.

By consolidating oversight of the fixed income market, analysts say the CBN is positioning itself to better support monetary policy transmission, strengthen market resilience, and drive long-term economic growth.

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Jandor joins 2027 Lagos governorship race, pledges loyalty to Tinubu’s leadership

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Olajide Adediran, popularly known as Jandor, has formally announced his intention to contest the 2027 governorship election in Lagos State, this time under the platform of the ruling All Progressives Congress (APC).

Jandor, who was the Peoples Democratic Party (PDP) governorship candidate in the 2023 polls, made the declaration on Wednesday, October 1, 2025, during an Independence Day address in Lagos.

The media entrepreneur-turned-politician emphasized that his ambition remains rooted in the drive to serve the people of Lagos, noting that he is determined to bring new energy into the state’s leadership.

“As for Lagos State, I am offering myself once again to serve. I’m indeed running for the Lagos governorship race in 2027,” he said.

Reflecting on his previous campaign, Jandor recalled the momentum he generated during the 2023 elections, which marked his first major political outing.

READ ALSO: JANDOR pays homage to Olubadan-elect, Oba Rasheed Adewolu Ladoja

He expressed optimism that, with the APC platform and the support of President Bola Ahmed Tinubu, he would be better positioned to actualize his vision for Lagos.

“When it was time for me to truly leave, I came all out, and we took Lagos by storm. Very soon, activities will begin to galvanize support from Mr. President and the party to ensure that whoever picks the APC governorship ticket in Lagos will have a strong run. Let me put this to rest: I am running in 2027,” he declared.

Jandor also used the occasion to openly endorse President Tinubu’s leadership, calling on Lagosians and Nigerians at large to rally behind the President for a second term in 2027.

“President Bola Ahmed Tinubu has proven his capacity to lead this country with vision and courage. I call on Lagosians and Nigerians at large to ensure he gets a second term in 2027 so we can all continue to benefit from his progressive leadership,” Jandor said.

His defection to the APC and fresh declaration are expected to reshape the political landscape in Lagos, setting the stage for what could become a highly competitive race ahead of the 2027 elections.

 

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