How Businesses Can Make Good Use of Transportation Services
Business Post Nigeria » Travel/Tourism
by Business Post Contributor
3w ago
Transportation services play a vital role in the operations of businesses, facilitating the movement of goods, services, and personnel. To make good use of transportation services, businesses must implement effective strategies and practices to optimize efficiency, reduce costs, and enhance overall productivity. This article will explore various ways in which businesses can make good use of transportation services to support their objectives and achieve success. Supply Chain Optimization One of the key ways businesses can make good use of transportation services is by optimizing their supply c ..read more
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Bayo Onanuga Admits UAE Yet to Lift Visa Ban on Nigerians
Business Post Nigeria » Travel/Tourism
by Adedapo Adesanya
3w ago
By Adedapo Adesanya The Special Adviser to President Bola Tinubu on Information and Strategy, Mr Bayo Onanuga, has walked back on a widely reported admission that the United Arab Emirates (UAE) has lifted the visa ban placed on Nigerian travellers. Earlier on Tuesday, two media aides of Mr Tinubu, the Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale, and Mr Onanuga, confirmed that the restriction has finally been removed. In a single tweet posted hours after the initial announcement, Mr Onanuga wrote, “UAE has not resumed visa issuance to Nigerians. The document in cir ..read more
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UAE Lifts Visa Ban on Nigerians After Two Years
Business Post Nigeria » Travel/Tourism
by Modupe Gbadeyanka
3w ago
By Modupe Gbadeyanka The visa ban earlier placed on Nigerian travellers by the United Arab Emirates (UAE) has been lifted after two years. In a joint statement issued on Monday, February 26, 2024, it was, however, stated that applicants must “first obtain a Document Verification Number” to obtain a visa into the country. The UAE government advised Nigerian travellers to strictly “adhere to the guidelines and initiate the applications promptly, ensuring and smooth transition to the new system,” Recall that last year, President Bola Tinubu, after he assumed office in May 2023, travelled to the M ..read more
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Unlocking Africa’s Travel Tech Potential Within $13trn Global Travel Industry
Business Post Nigeria » Travel/Tourism
by Business Post Contributor
3w ago
By Adam Aziz In 2019, tourism was a global powerhouse, accounting for 10% of GDP, or roughly $9 trillion. After weathering the pandemic storm, we expect 2023 figures to show a full recovery to pre-COVID levels, in line with data from leading travel platforms and the World Bank. But the story doesn’t end there. A transformative shift is underway, fuelled by evolving consumer preferences and habits, which could push tourism spending even higher to $13 trillion by 2030. Amidst this dynamic landscape, the travel tech sector is witnessing noteworthy developments. Online Travel Agencies (O ..read more
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Zenith Bank Reaffirms Commitment to African Aviation Financing
Business Post Nigeria » Travel/Tourism
by Aduragbemi Omiyale
3w ago
By Aduragbemi Omiyale The chief executive of Zenith Bank Plc, Mr Ebenezer Onyeagwu, has reaffirmed the lender’s determination to ensure that African airline operators get the necessary funding support to grow their businesses. Securing adequate funding poses a significant hurdle for African carriers. Financing conditions for African Airlines are generally less favourable compared to other regions. Consequently, African airlines encounter challenges in acquiring and executing renewal and expansion initiatives. In November 2023, Ibom Air, an airline owned by the Akwa Ibom State government, recei ..read more
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Airline Operators, CBN Clash Over FX Backlog Settlement Claims
Business Post Nigeria » Travel/Tourism
by Adedapo Adesanya
3w ago
By Adedapo Adesanya There is a disagreement between the Central Bank of Nigeria (CBN) and foreign airline operators regarding the claims by the former that it has completed the payment of foreign exchange (FX) backlogs trapped in the country. The CBN on Tuesday said it has completed the payment of all verified forex liabilities to foreign airlines with the injection of an additional $64.44 million into the sector, noting that the total amount disbursed to the aviation sector was $136.7 million, contradicting the widely reported backlog of over $700 million the operators said is trapped in the ..read more
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Lagos Mulls Establishment of State Controlled Airline
Business Post Nigeria » Travel/Tourism
by Adedapo Adesanya
3w ago
By Adedapo Adesanya Lagos State is considering the establishment of a state-controlled airline for passenger operations. The Governor of the state, Mr Babajide Sanwo-Olu, disclosed the plan on Thursday at the Lagos West Senatorial District People’s Town Hall Meeting, noting that the state is preparing to commence the construction of its airport in Lekki. According to a statement by the state government, a former permanent secretary and retired auditor general for local government in Lagos, Mr Muhammed Hassan, submitted that the state was ripe to own an airline. In his response, Mr Sanwo-Olu no ..read more
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FAAN Relocates Headquarters to Lagos to Cut Costs
Business Post Nigeria » Travel/Tourism
by Aduragbemi Omiyale
3w ago
By Aduragbemi Omiyale The corporate head office of the Federal Airports Authority of Nigeria (FAAN) has been moved from Abuja to Lagos, where it was in the past, on the directive of the Minister of Aviation and Aerospace Development, Mr Festus Keyamo. This development was confirmed in a statement on Thursday by the Director of Public Affairs and Consumer Protection of FAAN, Mrs Obiageli Orah. The agency explained that the decision to move its corporate headquarters to its original base was taken after consultations with the relevant stakeholders. The statement noted that it was also because th ..read more
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William Ruto, A Threat to Kenyan Tourism Industry?
Business Post Nigeria » Travel/Tourism
by Business Post Contributor
3w ago
By Kestér Kenn Klomegâh By description, Kenya, at least, has a palpable difference in tourism features compared with its neighbours in the East African Community (EAC), which is an intergovernmental organization composed of seven countries in the region. Kenya, Tanzania and Rwanda enjoy, to a considerable extent, relative peace and stability in the region. Determined to ensure an increasing flow of tourists, travellers and visitors to Kenya, the government supports with consistency the tourism industry by adopting flexible rules and regulations. Up until late November 2023, Kenya maintained st ..read more
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Nigeria Settles $61.64m of $790m Trapped Foreign Airlines’ Funds
Business Post Nigeria » Travel/Tourism
by Adedapo Adesanya
3w ago
By Adedapo Adesanya The Central Bank of Nigeria (CBN) has announced the disbursement of $61.64 million to foreign airlines through various Deposit Money Banks (DMBs) as part of continued efforts to clear foreign exchange backlogs trapped in the country. This disbursement was disclosed by the CBN’s Acting Director of Corporate Communications, Mrs Hakama Sidi-Ali, in Abuja on Sunday. She said the move aligned with the central bank’s commitment to clearing the backlog of pending matured foreign exchange in DMBs. Additionally, Mrs Sidi-Ali mentioned that in the last three months, the CBN has succe ..read more
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