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Bolt resumes operations at Nigerian airports after Keyamo’s intervention

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Bolt has been cleared to resume operations at airports managed by the Federal Airports Authority of Nigeria (FAAN), following an intervention by the Minister of Aviation and Aerospace Development, Festus Keyamo.

Mr Keyamo, in a statement on Thursday, said he had directed FAAN to urgently address concerns over what passengers described as exorbitant increases in airport taxi fares following the disruption of e-hailing services.

After the minister’s intervention, FAAN announced that it had reached an “agreeable operational framework” with Bolt, clearing the company to resume its services at FAAN-managed airports immediately.

The development followed days of controversy over the operation of e-hailing platforms at Nigerian airports, with passengers complaining about higher transportation costs after they were unable to access services they had previously relied on.

FAAN also apologised to passengers for the inconvenience caused by the temporary interruption of e-hailing services.

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How the dispute started

The controversy followed FAAN’s efforts to establish a new operational framework for commercial and e-hailing vehicles operating within airport premises.

An internal FAAN memo dated 30 July directed airport managers to ensure that Bolt and Uber ceased commercial operations at FAAN-managed airports pending the finalisation of licence agreements with the e-hailing companies.

However, on 20 August, FAAN said it had not imposed a blanket ban on Uber, Bolt or other e-hailing platforms, but said discussions were ongoing with operators to establish a workable framework for their operations.

The clarification followed reports of restrictions affecting e-hailing services at some FAAN-managed airports, including the Murtala Muhammed International Airport, Lagos, and the Nnamdi Azikiwe International Airport, Abuja.

FAAN said its concern was not to limit passengers’ transportation choices but to ensure that commercial transport services operating within airport premises complied with safety, security and accountability requirements.

The authority said airports were highly regulated environments and that it needed adequate visibility of vehicles, drivers and operators working within them.

FAAN said it had been dealing with problems associated with commercial and e-hailing vehicles at airports for nearly a decade, including passenger solicitation, touting, unregulated operations and random pick-ups.

It said the challenges had made it necessary to strengthen the management of commercial transportation within airport premises.

Fare controversy

The dispute became more contentious after passengers began raising concerns about the cost of airport taxis.

A recent video by travel content creator Chris Joondeph, popularly known as Authentic Travelling, showed an airport taxi operator quoting N30,000 for a journey from the Lagos airport to Ikeja.

The fare generated widespread criticism, particularly after comparisons showed significantly lower prices on e-hailing platforms for the same journey. Bolt listed the trip at about N6,900, while Uber quoted N4,200 for UberX and N5,800 for its Priority option.

The controversy heightened concerns among passengers who had become accustomed to using e-hailing platforms for relatively cheaper airport transportation.

FAAN, however, said the fares that attracted public criticism were not newly imposed by the authority or introduced through its Airport Car Hire Rank Management System (ACHRAMS).

According to the authority, the rates existed before ACHRAMS and were not substantially different from those previously applicable.

FAAN said ACHRAMS only brought greater visibility to the prevailing airport taxi rates.

ACHRAMS, which stands for Airport Car Hire Rank Management System, was introduced by FAAN as a system for managing airport car-hire ranks and authorised transportation operations.

The authority stressed that ACHRAMS was not an e-hailing application and was not created to compete with Bolt, Uber or other mobility platforms.

Keyamo orders urgent action

Amid the controversy over fares and the disruption of e-hailing services, Keyamo directed FAAN to urgently resolve the issue.

The minister’s intervention came as complaints from passengers continued to draw attention to the difficulties faced by travellers seeking affordable transportation from airports.

Following the directive, FAAN said it had engaged Bolt and reached an operational agreement that would allow the platform to resume services immediately.

The authority said the agreement showed that airport regulation and security could coexist with passengers’ access to e-hailing services.

“The resolution demonstrates that it is possible to protect the integrity and security of the airport environment while preserving the convenience and freedom of choice that e-hailing services provide to passengers,” FAAN said.

FAAN also apologised for the disruption.

“We sincerely apologise for the difficulties this caused our passengers,” the authority said.

The authority acknowledged that although its actions were driven by regulatory, safety and security considerations, the immediate impact on passengers had been significant.

Bolt resumes, others still in talks

With the agreement reached, Bolt has been cleared to resume operations at all FAAN-managed airports.

FAAN said it was also engaging other e-hailing operators and expected the outstanding discussions to be concluded in the coming days.

READ ALSO: Keyamo directs airlines, unions to agree repayment plans over TSC debt

However, the authority did not give details of the specific operational terms agreed with Bolt.

It said passengers remained free to choose from available transportation options that best met their needs, provided the services were authorised to operate within the airport environment.

The authority noted that its responsibility was to ensure that whichever transportation service passengers chose operated in a safe, secure, orderly and accountable manner.

The resolution comes after FAAN had initially maintained that its engagement with e-hailing operators was aimed at establishing an appropriate framework rather than eliminating the services.

The latest development restores Bolt as an option for passengers using FAAN-managed airports, while the authority continues discussions with other operators.

For passengers, the immediate significance is the return of a familiar alternative to airport taxi services at a time when transportation costs have become a major part of the airport travel experience.


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FG commissions 3MW hybrid mini-grid project in Abuja varsity

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The Federal Government of Nigeria commissioned a three-megawatt hybrid mini-grid project and a Renewable Energy Workshop and Training Centre at Yakubu Gowon University (formerly University of Abuja) on Wednesday.

The project was commissioned under Phase 2 of the Energising Education Programme (EEP), which encompasses seven universities and two teaching hospitals, including institutions in Maiduguri and Calabar. The initiative is currently in the implementation stage of Phase 3.

The Yakubu Gowon University installation features a 3.3 MWp solar array with 3MW of AC output capacity and 2 MWh of battery storage to support critical loads after solar hours. It also includes a dedicated grid connection to serve non-critical demand outside daylight periods.

Speaking at the commissioning ceremony, the Minister of Power, Joseph Tegbe, praised the Rural Electrification Agency (REA) Board, led by Ayodele Fayose, and its management, headed by Abba Abubakar Aliyu, for their leadership in driving sustained investments to improve Nigerians’ lives.

The minister commended the project, noting that it will benefit 58,726 students and that its 388 streetlights will enhance campus illumination and security.

He further observed that electrifying the university will strengthen research, reduce reliance on diesel generators, and ease pressure on institutional budgets.

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“This connection between infrastructure and human capability is central to President Bola Ahmed Tinubu’s Renewed Hope Agenda. Under his leadership, investment in electricity is being directed towards services and productive activities that improve people’s lives.”

“This sustained investment is a testament to this administration’s constancy of purpose. Continuing a national programme through successive phases, bringing projects to completion, and preparing the next phase reflects the discipline that development requires. For the young people who depend on these institutions, that continuity matters. It means that the commitment to their future remains active beyond any single project or ceremony,” he said.

Addressing the sustainability of the facility, the Minister urged students to take ownership of the infrastructure and report any acts of vandalism.

He also disclosed that the government is establishing a national call centre to receive and resolve electricity complaints nationwide.

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“The promise of this investment now places a responsibility on all of us to preserve it. I expect the student community to support our ongoing efforts to stem the tide of vandalism. I therefore charge all of you to report any such act whenever you see it, not just on this solar system, but on other power assets such as transformers and transmission towers.”

“My office is working on a call centre where electricity complaints across the country can be lodged and resolved. This initiative will provide sustainable job opportunities for our youth nationwide. In addition, we plan to provide a dedicated channel where vandalism of critical assets can be reported for immediate action and remediation. We are also working through a joint team of the Nigeria Police Force, the Nigeria Security and Civil Defence Corps, and the EFCC to curb the vandalism of electricity assets across the country,” the Minister added.

In his remarks, the Managing Director of the REA, Abba Aliyu, stated that the true value of the EEP lies not merely in megawatts but in functional laboratories, reduced budgetary pressure, and safer learning environments.

He charged the University governing council to ensure the project remains productive and beneficial to the University community long after the commissioning.

“Over the years, the EEP has taught us that when you build, you have to think about what happens five years from now and whether the investment will continue to create value into the future.”

“The Renewable Asset Management Company (RAMCO) is our solution. We must now become rigorous about asking how we protect and preserve the value of what we have built. RAMCO addresses this sustainability challenge. It recognises that building and managing infrastructure are two distinct responsibilities, and that modern renewable energy is decentralised. The Federal Government has created a platform to manage, monitor, maintain and optimise assets over time. RAMCO cannot survive alone; it requires the support of all stakeholders in shared stewardship. The ultimate value of this project will depend not only on what we have installed, but on how well it is sustained,” the REA MD said.

Mr Aliyu added that beyond the mini-grid, the agency established a Renewable Energy Workshop and Training Centre (WTC) to build local technical capacity.

READ ALSO: UPDATED: Tinubu renames University of Abuja after Yakubu Gowon

He encouraged the university to turn the facility into a research hub for distributed energy resources, challenging the institution to pioneer new academic courses, drive technological innovation, and push the technical boundaries of the installation.

He also revealed that the EEP has so far delivered over 100MW of power across 22 federal institutions and university teaching hospitals, while thanking the Minister for his continuous support in ensuring energy investments deliver tangible benefits to Nigerians.

Also speaking, the Vice-Chancellor of Yakubu Gowon University, Akinwunmi Fawehinmi, emphasised that the institution cannot effectively teach, conduct research, or provide a conducive learning environment without reliable electricity.

He praised the Federal Government for its coordinated intervention, stating that the project directly addresses the university’s energy needs, and pledged that the management will ensure the facility is fully utilised and meticulously maintained.

Commending the REA leadership, the Chairman of the Senate Committee on Power, Enyinnaya Abaribe, hailed Abba Aliyu for the project, noting that it is critical to improving the quality of education nationwide.

He also applauded the establishment of RAMCO, stating that sustainability is key to ensuring that projects continue to benefit Nigerians long after commissioning.


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Seven things to know about the Dangote refinery IPO

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Dangote Petroleum Refinery has opened its initial public offer to investors. Here are the key details.

1. The company is seeking about ₦2.15 trillion

The offer comprises 4.1 billion ordinary shares priced at ₦525 each. If fully subscribed, it will raise approximately ₦2.15 trillion.

2. The offer runs for one month

The IPO opened on September 14, 2026, and is scheduled to close on October 13, 2026.

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3. Investors can start with ₦5,250

The minimum subscription is 10 shares. At ₦525 per share, eligible investors can participate with ₦5,250.

4. The IPO will broaden ownership of the refinery

Aliko Dangote described the transaction as an “IPO for the people.” Its low entry point is intended to give Nigerians across different income and professional groups an opportunity to own shares in the business.

5. The transaction could reshape Nigeria’s capital market

FCMB Group Chief Executive Ladi Balogun said the offer could strengthen the Nigerian Exchange and support its ambition to become Africa’s largest and most relevant capital market.

The transaction may also encourage other large African companies to raise capital and list their shares in Nigeria.

6. FCMB Group is participating in the transaction through three operating companies:

FCMB Capital Markets is a joint issuing house. CSL Stockbrokers is the stockbroker to the issue. First City Monument Bank is a receiving bank and distribution agent.

7. Qualified Investors and High Net Worth Individuals purchasing 50,000 shares and more, with a working stockbroking account should fill out the investor subscription form and credit their account of choice, sending both to FCMB Capital Markets at the following email address: [email protected]

8. Interested Retail investors with an FCMB bank account can subscribe to the DPRP IPO by following these steps: Log in to the FCMB Mobile App or visit website

Follow the prompts to the Dangote IPO subscription portal.

READ ALSO: Bamboo, Cowrywise down due to Dangote Refinery IPO subscription traffic

Select if you have a CSCS/CHN number.

If yes, fill in the number and follow the instructions.

If not, follow the prompts to open a trading account with CSL Stockbrokers, after which a code will be generated for you.

Ensure your FCMB bank account is sufficiently funded to cover your subscription and authorize the direct debit.

Investors without an FCMB bank account who want to participate in the DPRP IPO can visit the CSL portal to open a stockbroking account. Instructions for opening a bank account are available online.


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