Page 22 - Adebayo Ogunlesi News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Aviation sector reforms long overdue The Punch Published 2 July 2021 NIGERIA’S global reputation took a further hit recently when malfunctioning runway lights compelled delays and the diversion of Lagos-bound international flights. The collapse of the lights made landing at night unsafe and saw British Airways, among other foreign airliners, detouring to Abuja while the Nigerian Civil Aviation Authority suspended night-time landing at the Murtala Muhammed International Airport. This national embarrassment reflects the crisis of infrastructure and inefficiency in the troubled...

Asaba Airport stepped out of the shadows of neglect and scorn Tuesday, 23 February, to emerge as the second airport in Nigeria to operate as a concession with the promise of brighter days. First Investment Development Company (FIDC)-MENZIES Aviation (MA) Consortium won the brownfield contract to manage the airport for 30 years on terms that will invest over N28billion to build new facilities and upgrade existing ones. It has a bonus; the new classification of the upgraded airport as international. Delta State Governor Dr Ifeanyi Okowa earns plaudits for pulling through the successful concessi...

Share A former chairman of the United Kingdom chapter of the pan-Yoruba socio-political group, Afenifere and current national organising secretary, Abagun Kole Omololu, is the convener, Conscience of Yoruba Nation (CYN). He speaks to BOLA BADMUS on the spate of insecurity in the country, especially the incursion of killer herdsmen into the South-West region and the urgent need to restructure the country to avert an implosion. Insecurity in the South-West and indeed the entire country has taken a dangerous turn with everyone attributing this to the rampaging Fulani herders. What is your react...

Rival bidders Blackstone Group Inc. and Global Infrastructure Partners joined together to buy Signature Aviation Plc for $4.7 billion, resolving their tussle over the world’s biggest operator of private-jet bases.

Dr Al Jaber said global consumption is expected to recover to 105 million bpd by 2030. “We are a long-term player. The future will require more oil and more hydrocarbon resources ... being the lowest-cost producer will always give us a competitive edge,” he said. The UAE is part of the 23-member Opec+ alliance of producers that agreed to curb output by a record 9.7 million bpd last year to rebalance oil markets. The curbs have since been eased to 7.2 million bpd and Dr Al Jaber said the “interim” measures are not in conflict with Adnoc’s long-term goals. The country, Opec's third-la...