Business
S’ Africa Denies Nigerian Passengers Entry
Many Nigerians passengers aboard Arik Air and South Africa Airways flights were refused entry to South Africa last Friday.
The Tide source reports that the passengers were denied entry by the South Africa Port Health authority and the immigration service on the ground that they had invalid yellow fever vaccination cards.
One of the passengers, Olaminde Olaofe, told reporters that they obtained their cards from government authorised health agencies in Nigeria and added: “This is very embarrassing and dehumanising. “It is an embarrassment not to us as passengers alone but to the Federal Government of Nigeria that another country will say the document we, as Nigerians, obtained in our country is fake. “We had arrived here about 5.30 a.m. and until now we are still kept at the airport by the immigration officer under the claim that our yellow fever cards are not recognised. “Some of us are not first time travellers to South Africa and we had used the same yellow card before to enter the country. “I obtained my card from Eti-Osa Local Government along with my brother. While I am allowed entry, my brother is held by the immigration people.’’
Olaofe said 33 school children on execution were also affected. Arik Airline Zonal Manager in South Africa, Kinsley Uzor, said 28 of the airline’s passengers were returned to Nigeria on Thursday. “It is an unfortunate incident, 28 of our passengers who came on Thursday were returned back to Nigeria today by the immigration and the Port Health authorities.’’
He added: “50 of our passenger in today’s flight are still at the airport right now, we are still trying to sort out the problem. “The South Africa Immigration and Port Health are saying that they don’t recognise the yellow cards and that signature on the cards are irregular. “We are not the issuing authority for yellow cards; our responsibility is to carry our passengers once they are cleared by the Nigeria port authorities. “Before now, even if a passenger does not possess yellow card, at the airport he or she will be given vaccination, with payment of 50 dollars. “But the new South Africa law says there should not be entry into the country without the vaccination card. “Their argument is that the law stipulates that intending travellers must get vaccination 10 days before they travel.’’ Uzor said the Nigerian High Commission and the Consulate were already intervening in the matter. A Nigeria consulate staff, who spoke with our source on condition of anonymity, confirmed that Nigerian authorities were aware of the matter. “We are aware of the incident and we are working with the High Commission to resolve the matter,’’ the official said.
Meanwhile, Arik Air issued a statement on Friday temporarily suspending all flight operations between Nigeria and South Africa with immediate effect. A statement signed by Isla Moffett, sales and marketing manager of the company, stated that the decision to suspend the daily B737-800 service between the two countries was taken due to the ongoing dispute with South African Port Health authorities on yellow fever documentation. “Many of our Nigerian passengers have been detained and refused entry into the country in the recent month. “The Port Health authorities cite as being incorrect or unrecognised batch number on the documentation which is mandatory proof before entrance to the country.’’
Credit to Nigeria’s private sector rose to N83.26 trillion in June 2026 from N81.04 trillion in May, signifying a positive balance of N2.22 trillion month-on-month.
Year-on-year, the figure represents a nine per cent increase compared with the N76.13 trillion recorded in June 2025. The latest figures come as the CBN continues to balance efforts to control inflation with the need to support economic growth and expand credit to businesses.
The CBN data shows that credit to Nigeria’s private sector increased by approximately 2.74 per cent month-on-month between May and June 2026. Also, the CBN data noted that credit to the government fell slightly to N40.03 trillion from N40.38 trillion. Other assets, net, dropped to N10.76 trillion from N12.63 trillion.
The credit surge signifies sustained growth in lending to businesses and other private-sector borrowers during the month. The rise in private sector credit was recorded alongside an increase in net domestic credit, despite declines in credit to government and other assets.
Further analysis of the report says that compared with June 2025, private sector credit rose by about N7.13 trillion yea-on-year but net domestic credit increased by approximately N1.87 trillion during the month.
The CBN’s relatively tight monetary policy stance notwithstanding, more banks still loaded funds to the private sector within the period. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 306th meeting on July 20 and 21.
The Committee reviewed recent developments in the global and domestic economies, assessed emerging risks to the outlook and considered their implications for monetary policy and retained all rates.
The Committee decided to retain the Monetary Policy Rate at 26.5 per cent; the Standing Facilities Corridor around the MPR at +50/-450 basis points and retain the Cash Reserve Requirement (CRR) for Deposit Money Banks at 45.00 per cent, Merchant Banks at 16.00 per cent, and non-TSA public sector deposits at 75.00 per cent.
The MPC decision means that credit extension in the private sector will likely continue to rise because of rising confidence in the sector and calls by stakeholders for banks to invest in the private scetor instead of government securities.
