Category: Aviation

Airlines Operators to Deploy N50bn VAT Waiver to boost operational efficiency

Domestic airlines has said the recent Value Added Tax (VAT) waiver given to them by the federal government estimated to be about N50 billion annually would give them relief financially, provide them with fund for lower air fares, aircraft maintenance, and to create more employment in the sector. The airlines operators said increased passenger movement…

Buhari abolishes VAT payment by local airlines

Abuja: Investors in Nigeria’s domestic airline industry yesterday got a major reprieve as President Muhammadu Buhari issued an Executive Order for the removal of Value Added Tax (VAT) from “All Forms of Shared Transportation”, including air travels. Domestic airline owners had halted further payments of VAT on their services to the Federal Government from June…

FAAN Response ISIS threat: We’ve beefed up security at major airports

Advertisement The Federal Airports Authority of Nigeria (FAAN) says security has beefed up at the major airports in the country following a recent report that insurgents are sneaking into Nigeria from Syria. Henrietta Yakubu, general manager, corporate affairs, told NAN in Lagos on Tuesday that the move was aimed at forestalling anything untoward from occurring…

Abuja airport records 1.02m passengers in Q1 – FAAN

The Federal Airports Authority of Nigeria (FAAN), says that no fewer than 1.02 million passengers travelled through the Nnamdi Azikiwe International Airport, Abuja during the first quarter of 2018. FAAN’s First Quarter Report obtained by the News Agency of Nigeria (NAN), on Monday, in Abuja showed a 38.9 per cent growth from 623,727 recorded during…

NCAA to review regulation for start-up carriers

The Nigerian Civil Aviation Authority (NCAA) said it has concluded plans to review regulations stipulating conditions and requirements for start-up airlines. The proposed review would widen the scope to include conditions under which new airlines will be registered and issued relevant documents, the Director-General, Capt. Muhtar Usman has said. Usman said the implication of the…

Former Chief of Air Staff Amosu to forfeit N2.2b

The Federal High Court in Lagos has ordered the temporary forfeiture of N2.2billion recovered from former Chief of Air Staff Air Marshal Adesola Amosu. Justice Mojisola Olatoregun made the order based on an ex-parte application by the Economic and Financial Crimes Commission (EFCC). The judge ruled: “An interim order is made forfeiting to the Federal Government of…