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NCAA directs suspension of services to 11 airlines over unpaid charges

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The Nigerian Civil Aviation Authority (NCAA) has directed its departments to suspend services to 11 domestic airlines over unpaid financial obligations owed to the regulator.

The directive was contained in an internal memo dated 22 May, which instructed all NCAA directorates and regional offices to place the affected operators on a “no-pay-no-service” arrangement pending financial clearance from the Directorate of Finance and Accounts.

The memo was signed by the Director of Finance and Accounts, Olufemi Odukoya, and copied to the Director-General of Civil Aviation (DGCA) and other senior officials of the authority.

Airlines affected by the directive include Air Peace, Ibom Air, Arik Air, United Nigeria Airlines, Max Air, Rano Air, NG Eagle, ValueJet, Overland Airways, Umza Air and Caverton Helicopters.

The directive comes amid increasing financial pressure on domestic airlines due to rising aviation fuel costs, foreign exchange challenges, and high operating expenses across the sector.

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Under the directive, affected airlines may be unable to access some regulatory services until their financial obligations are settled.

The move has also raised concerns within the industry over the possible impact on airline operations if the situation persists.

READ ALSO: NCAA grants Pioneer Airlines approval for non-scheduled flight operations

The NCAA relies on statutory charges and service-related payments from airlines to fund inspections, oversight responsibilities and other regulatory activities.

In recent months, several domestic airlines have faced operational disruptions linked to rising costs, aircraft maintenance challenges and limited fleet availability.

PREMIUM TIMES earlier reported that some airlines, such as Rano Air, adjusted schedules and suspended routes amid the sharp rise in Jet A1 aviation fuel prices, which continued to pressure operators.

The latest directive further underscores the financial strain on Nigeria’s aviation sector, as airlines struggle to balance rising operational costs with declining passenger purchasing power.

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AIICO Renovates UNILAG Senior Staff Club Squash Court to Boost Wellness

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Members of the squash section of the Unilag Senior Staff Club, left – right: Jude Iloenyosi, Sodi Pepple, Clement Okemini, Bayo Adeokun, Leye Apampa, Prof. Duro Oni, Gbenga Ilori, Wale Taiwo, Reggie George and Sola Abudu.

 

BY NKECHI NAECHE -ESEZOBOR—AIICO Insurance Plc has reinforced its commitment to promoting healthy living and community development with the renovation of the squash court at the University of Lagos (UNILAG), Akoka.

The renovated facility was officially unveiled on November 8, 2026, restoring an important recreational space for members of the Squash Section of the UNILAG Senior Staff Club.

The facility was formally handed over by Gbenga Ilori, Executive Director, AIICO Insurance Plc, to the Squash Section, led by its Chairman, Misan Eresanara.

While primarily serving members of the university’s senior staff community, the facility may also be made available for approved student and athletic competitions, extending its value beyond the club and supporting the university’s broader sporting community.

The renovation involved structural repairs, restoration of the playing surface, improved lighting and the installation of modern fittings. These improvements have restored the court to a safe, functional and welcoming space where members can stay active, enjoy recreational activities and build meaningful social connections.

For members of the Senior Staff Club, the squash court represents more than just a place to play. It is a space to unwind, connect with colleagues, nurture friendships and maintain an active lifestyle. Its restoration therefore goes beyond upgrading a sporting facility; it is about preserving a valued part of the university community and making it more accessible for continued use.

Speaking at the unveiling,  Ilori said: “At AIICO, we believe that creating lasting value is about more than what we do as a business. It is also about the positive difference we can make in people’s lives and the communities around us. We are delighted to support the restoration of this facility, providing a renewed space that encourages healthy living, strengthens relationships and contributes to the overall well-being of the university community.”

Also speaking at the event, Misan Eresanara, Chairman of the Squash Section of the UNILAG Senior Staff Club, expressed appreciation for AIICO’s intervention.

“We sincerely appreciate AIICO Insurance for this thoughtful intervention. The squash court has been an important part of our community, providing members with a place to exercise, relax and connect with one another. Its renovation means that we can continue to enjoy this valuable facility in a better environment. We are also pleased about the opportunity it presents to support approved sporting competitions involving students and other athletes. This is a welcome contribution to the university’s sporting and wellness culture.”

The project reflects the company’s belief that meaningful community development is often achieved through practical interventions that improve people’s everyday lives. By restoring the squash court, the company has helped renew a shared space that promotes fitness, social interaction and a stronger sense of community within one of Nigeria’s leading universities.

About AIICO Insurance Plc

AIICO Insurance Plc is a leading composite insurer in Nigeria, providing life insurance, general insurance, health management and asset management services. Founded in 1963, AIICO remains committed to helping individuals and businesses secure their future while supporting initiatives that promote the well-being and development of communities across Nigeria.

The post AIICO Renovates UNILAG Senior Staff Club Squash Court to Boost Wellness appeared first on Business Today NG.

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Dangote Cement suspends proposed London listing

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Dangote Cement Plc has put its proposed listing on the London Stock Exchange on hold, citing current market conditions and the company’s strategic priorities.

The company disclosed this in a regulatory filing signed by Edward Imoedemhe, the company secretary, following a meeting of its board of directors on Tuesday.

In May, Dangote Cement announced it was in early talks over a potential London listing, a move that would help widen its access to overseas investors and capital.

The company later, in July, explained that the faster and more practical listing process in the United Kingdom influenced its preference for London over Dubai for the secondary listing.

On Tuesday, the cement producer said it will not proceed with the secondary listing, noting that its shares remain listed on the Nigerian Exchange Group, and that the decision will not affect the company’s operations.

“The Company’s ordinary shares remain listed on the NGX, and this decision does not in any way affect the Company’s operations or business plans,” Dangote Cement added.

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READ ALSO: Dangote Cement’s nine-month profit jumps 31% as revenue hits N3.8 trillion

The company said it will remain focused on delivering sustainable value to its shareholders and building on its strong market position.

Dangote Cement is majority-owned by Africa’s richest man, Aliko Dangote, who launched the continent’s largest-ever initial public offering in September for his oil refinery.

Dangote Cement, with a production capacity of 55 million tonnes per annum, has a footprint in 11 African countries, including Cameroon, Ethiopia, Zambia, Tanzania, and Côte d’Ivoire, among others.

The corporation’s nine-month profit in 2026 jumped 31 per cent, while its revenue hit N3.8 trillion, boosted by improved revenue from cement and clinker sales.


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