Arik Air
27 Aug
The Asset Management Corporation of Nigeria (AMCON) may merge Arik Air and Aero Contractors and convert them into a national carrier, according to AMCON Managing Director/CEO, Gbenga Alade. Speaking at an interactive session in Lagos on Monday, Alade noted that both airlines owe significant sums that they are unlikely to repay. Alade explained that AMCON…
9 Aug
Arik Air has announced resumption of flight operations, one week after the Nigeria Airspace Management Agency (NAMA) grounded three of their aircraft following a court injunction related to a $2.5 million debt owed to a private firm.
8 Aug
Arik Air on Thursday announced the resumption of flight operations, a week after the Nigeria Airspace Management Agency (NAMA) grounded three of its aircraft following a court injunction on a $2.5 million debt owed to a private firm. The airline in a statement by the Managing Director Captain Roy Ijegbodu was silent on whether the…
5 Aug
Aviation stakeholders have submitted that the Minister of Aviation and Aerospace Development, Festus Keyamo, miscalculated by grounding Arik Air over a $2.5 million debt, noting that the Asset Management Company of Nigeria (AMCON) has an interest in the acquisition of assets of the airline.
4 Aug
Aviation stakeholders have asserted that the Minister of Aviation and Aerospace Development, Festus Keyamo, committed a blunder by grounding Arik Air over $2.5 million, given that the Asset Management Agency (AMCON) has an interest in the acquisition of the assets of the airline. They stressed the need for the minister to stop interfering in matters…
3 Aug
The Nigeria Civil Aviation Authority (NCAA) says it has not suspended or halted Arik Air’s flight operations, which continued as scheduled and did not affect the airline’s ability to operate remaining fleet. This is contained in a statement signed by Mr Michael Achimugu, the NCAA Director of Public Affairs and Consumer Protection, on Friday in…
2 Aug
This week’s abrupt grounding of Arik Air operations has raised fresh concerns over executive’s meddling in core technical and operational issues in the air transport sector. The development, akin to a recent grounding of Dana Air airlines by ministerial order, has been flagged as illegal interference in regulators’ oversight remits, beneath the norm of extant…
31 Jul
A Federal Capital Territory (FCT) high court on Wednesday fixed Aug 5, to hear a suit seeking to stop the seizure of the aircraft and other properties belonging to Arik Air Limited over $2.5 million indebtedness. Motion that was filed The Asset Management Corporation of Nigeria (AMCON) filed a motion on notice sequel to Monday’s…
31 Jul
Arik Air has expressed displeasure over the grounding of its operations by the Minister of Aviation, Festus Keyamo, without prior notice.
30 Jul
The Nigeria Civil Aviation Authority (NCAA) has ordered that the operations of Arik Air should be grounded. It is believed that the decision to ground Arik's operations was not unconnected to legal issues. Recently Abuja Court had ordered sale of Arik Air’s aircraft to offset debts owed Arthur Eze and others by the airline. The…
5 Apr 2024
Piqued by the bad publicity courtesy of a video making the social media rounds, the management of Arik Air has denied leaving scores of passengers stranded at the Port Harcourt International Airport, Port Harcourt, Rivers State.
1 Mar 2024
After about six years of hiatus, indigenous airlines will this month return to the Lagos-London route, with Air Peace Airline restoring national pride and competition on the busy route.
Latest
4 mins ago
Kebbi State Governor, Nasir Idris, has enjoined the residents of the state and Nigerians at large to live in peace and good neighbourliness as the nation ushered in the New Year 2025. He made this known through his X (formerly Twitter) handle, where he advised the citizens of the state to embrace peace irrespective of…
9 mins ago
Multiple award-winning Nigerian superstar, Ayodeji Balogun, aka Wizkid has declared that he is back in Nigeria. The Ojuelegba crooner made this known during his performance at the 2025 edition of Lagos State Government annual end-of-year fiesta, the Greater Lagos Countdown. The 34-year-old singer said, "First of all, happy new year! You will live long, you…
35 mins ago
The Academic Staff Union of Universities (ASUU) on Wednesday lamented that the poor welfare conditions of public university lecturers are responsible for the reluctance of qualified individuals to take up jobs in the university system. The University of Ibadan (UI) Chairman of the union, Professor Ayo Akinwole, stated this in a New Year message made…
38 mins ago
Segun Adewole President Bola Tinubu has urged Nigerians not to get distracted by a tiny segment of the population that still sees things through the prisms of politics, ethnicity, region, and religion. In his New Year message to Nigerians, he said to achieve national goals and objectives, Nigerians must become better citizens and uncompromising in…
46 mins ago
The founder and Chancellor of Thomas Adewumi University (TAU), Oko-Irese in Ifelodun Local Government Area of Kwara State, Engr. Johnson Bamidele Adewumi has reaffirmed his commitment to future generations receiving high-quality education that would make them add value to the nation's economy. The industrialist-cum-educationist said this on Monday while responding to questions from journalists on…
49 mins ago
Wife of the President, Senator Oluremi Tinubu, on Wednesday, enjoined Nigerians to jettison primordial sentiments and join hands with her husband to create an atmosphere where every Nigerian can thrive. In a message tagged "2025: A Year of Prosperity and Abundance," signed by the First Lady and made available to newsmen, Mrs Tinubu urged the…
55 mins ago
In a tradition that underscores hope and renewal, the First Lady of Lagos State, Dr. (Mrs.) Ibijoke Sanwo-Olu, on Wednesday, celebrated the arrival of the first babies of 2025 across three general hospitals in the state. Amid smiles and applause, Baby Olaolu, Twins Osayomi, and Baby Lawal were warmly welcomed as symbols of a promising…
1 hour ago
President Bola Tinubu has said the Federal Government will in 2025 establish the National Credit Guarantee Company to expand risk-sharing instruments for financial institutions and enterprises. He said this will further consolidate and increase access to credit for individuals and critical sectors of the economy to boost national economic output. The company, expected to start…
1 hour ago
The National Association of Block Moulders of Nigeria (NABMON) has called on the Federal Government to encourage more local cement production to increase competition and stabilise prices. The National President of NABMON, Mr Adesegun Banjoko, made the call in his New Year message to Nigerians on Wednesday in Lagos. Banjoko said that high cost of…
1 hour ago
A former Mayor of Port Harcourt City Local Government Council, Hon. Victor Ihunwo, has risen to the defense of the Minister of the Federal Capital Territory, Nyesom Wike, over allegations of misappropriating local government funds. The allegations, made by Victor Odili, former council chairman of Ogba/Egbema/Ndoni, claimed that Wike deducted ₦20 million monthly from local…