Business
FG Shelves Nigeria Air Project

The Federal Government has suspended the proposed new national carrier, Nigeria Air, Minister of State for Aviation, Hadi Sirika, said yesterday.
The former pilot and promoter of the idea, made the announcement on Wednesday through his Twitter handle.
“I regret to announce that the Federal Executive Council has taken the tough decision to suspend the National Carrier Project in the interim.
“All commitments due will be honoured.
“We thank the public for the support as always”.
Here is Sirika’s tweet:
Sirika did not give the reason for the Federal Executive Council action.
Sirika on 18 July unveiled the logo of the proposed airline on the sideline of the Farnborough International Air Show in UK.
The colour is green white green, while the logo is Eagle. Sirika said the country was finally on track to inaugurating the national flag carrier to commence operations before the end of the year.
“Following the extensive market research, the branding of our new airline, Nigeria Air, demonstrates a true flag carrier of our nation, soaring through the skies in the shape of our nation’s eagle.
“The Nigerian Government will support the launch of the new flag carrier with viability gap funding, in a Public Private Partnership (PPP) arrangement to deliver a national flag carrier.
“It will be guided by the international ICAO standards, that will stand the IOSA audit from the start, and lead to a fast IATA membership for international operation,” he said.
One week after, he clarified that Nigeria would not pay $300 million for a five per cent stake in the proposed airline.
The minister said the $8 million to be provided by the Federal Government represented the startup capital for offices and other facilities required for takeoff.
He added that the $300 million was the entire airline cash flow funding requirements for aircraft, operations and working capital for three years 2018 to 2020.
According to him, this funding can be in the form of equity or debt.
“The financial model estimates cash flow requirements as follows: 2018 – $55 million, 8 million is included here; 2019 – $100 million and 2020 – $145 million.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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