Business
UK Clarifies Denying Air Peace Heathrow Airport Slots
Sequel to the enquiry made by the Federal Government, the United Kingdom (UK) government has come up to explain the reason a Nigerian Carrier, the Air Peace Airline, was denied access to Heathrow airport.
The United Kingdom government, through its Secretary of State for Transport, Louise Haigh, has explained that Air Peace submitted its requests for slots too late for both the Summer 2024 and Winter 2024/2025 seasons.
In a letter he addressed to Nigeria’s Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, Haigh explained that Air Peace’s request was received after the Airports Coordination Limited (ACL) had already completed the slot coordination process for the summer season.
Outlining the options available to Air Peace, Haigh stated that the airline could either join the waitlist, operate from another airport, or acquire slots through slot trading and commercial arrangements with other carriers.
“We encourage Air Peace to continue to liaise with Airports Coordination Limited, ACL, on the process for acquiring ad-hoc and historic slots at the UK’s coordinated airports.
“ACL reports that Air Peace sent late requests for slots for the Summer 2024 season and the Winter 2024/2025 season; their requests were received after the slot coordination process had concluded for each season.
“Carriers can ensure they are in the best position to receive any available slots by following the correct processes.
“As you may be aware, Heathrow Airport is constrained by runway capacity and an Air Traffic Movement limit, which places downward pressure on the number of slots available in any operating season.
“For example, for the Summer 2024 season, a total of 290,580 slots were available, but the number of slots requested reached 319,721.
“This left 29,141 unfulfilled slot requests, which were placed on a waitlist to potentially receive slots returned to the pool”, the letter read.
The letter further explained that Gatwick Airport, which is the second busiest in the UK, offers many connections to Europe, Asia, and North America.
“Several carriers from different nations have developed substantial and successful operations at Gatwick Airport. The Department understands the position this puts new entrant carriers in.
“ACL advises that carriers have three options in this scenario: join the waitlist, operate from another airport as Air Peace has done, or acquire slots through slot trading and commercial arrangements with other carriers”, it stated.
Nigeria’s aviation minister had in September wrote a diplomatic letter to the UK aviation authorities requesting landing slots for Air Peace at Heathrow, the preferred airport for many international airlines operating in the UK.
By: Corlins Walter
Business
Agency Gives Insight Into Its Inspection, Monitoring Operations
Business
BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.
In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.
NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.
Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.
A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.
However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.
The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.
