Business
Chanchangi Begins Yola Flight Operations
Chanchangi Airlines Ni
geria Ltd., last Sunday commenced daily flight operations from Lagos to Yola International Airport, Adamawa, with an impressive turnout of passengers.
Mr Olu Balogun, the Group Public Relations Manager of the airline, told newsmen in Lagos during the inaugural flight, that Yola route remained viable for the airline.
He said that the operations became inevitable as a result of the acquisition of a Boeing 737-500 aircraft.
Balogun said the airline would start flight operations at Port Harcourt International Airport before the end of September, adding that another aircraft of the airline would arrive in November.
He said that a number of passenger-friendly services would be introduced as part of measures aimed at repositioning the airline to meet future challenges.
Balogun thanked all the agencies and management team of the airline for their understanding during the its trying period.
Mr Bashir Adamu, Acting Head of Operations, Yola International Airport, said that the airline had brought more revenue to the Federal Airports Authority of Nigeria (FAAN).
He said that the airline had also brought succour to air travellers in the region.
Adamu urged the management of the airline to regularly schedule flights to Yola International Airport, so that passengers would have confidence in its operations.
He also advised other airlines to schedule flights to Yola Airport as a result of the high passenger traffic on the route.
Reports say that Arik and Med-View airlines also operate scheduled flight operations into the Yola Airport.
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.