Two Months After, Airlines Await N5bn Bailout
Almost two months after the federal government approved a N5 billion bailout for the aviation sector, operators are worried over the delay in its release, even as many airlines and allied businesses are on the brink of collapse.
The...
Fed Govt Approves N5bn Bailout For Aviation Sector
The Federal Government has said it will soon commence the disbursement of the N5 billion bailout it approved for the operators in the aviation sector.
Minister of Aviation, Senator Hadi Sirika disclosed this on Monday at the opening...
Airlines Resume, Seek Release Of N27bn Bailout
Local airlines, yesterday, resumed skeletal services following last week’s disruption by the EndSARS protests and the attendant curfew imposed by the Lagos State government.
The demonstrations, which had forced some foreign operators to suspend flights, resulted in grounding of...
Lagos Pledges N5bn Bailout For SMEs
The Governor of Lagos State, Babajide Sanwo-Olu, has said that the state is introducing measures to absorb the shocking effects of the COVID-19 pandemic on Micro, Small and Medium Enterprises in the state.
These measures, which include an additional N5bn...
50% Of Airlines To Go Bankrupt Without Bailout By July End
At least one in every two airlines is now at risk of collapse given the dearth of lifesaving financial supports, the International Air Transport Association (IATA), has said.
IATA, the clearing house for over 280...
The Asset Management Corporation of Nigeria (AMCON) may introduce the “real-estate investment scheme” by the end of the year to raise money to meet its bond repayments, its Chief Executive Officer Ahmed Kuru has said.
Kuru told Bloomberg that the agency plans to sell the...
