Connect with us

Business

NCAA Sanctions 11 Nigerian Airlines Over Unpaid Charges

info

Published

on

IMG 6013.jpeg

BY NKECHI NAECHE-ESEZOBOR—Nigeria’s aviation sector may experience operational setbacks after the Nigerian Civil Aviation Authority, (NCAA), moved to tighten enforcement on airlines owing regulatory levies, targeting 11 local carriers in a fresh compliance crackdown.

In a directive issued on May 22, 2026, the aviation regulator instructed its departments nationwide to halt official support and approvals for the affected operators until outstanding financial obligations are resolved or structured repayment arrangements are reached.

The action stems from unpaid remittances linked to the mandatory five per cent Ticket Sales Charge and Cargo Sales Charge, deductions airlines collect on behalf of the NCAA to finance aviation safety monitoring, workforce development and economic supervision across the industry.

According to the internal communication signed by the Director of Finance and Accounts, Olufemi Odukoya, no agency unit is permitted to provide services to any listed airline without prior financial authorisation from the finance department. The memo was also copied to the Director-General of Civil Aviation and senior management officials.

Among the carriers affected are Air Peace, Ibom Air, Arik Air, United Nigeria Airlines, Umza Air, NG Eagle, Max Air, Caverton Helicopters, Overland Airways, Rano Air and ValueJet.

Industry stakeholders say the enforcement measure could disrupt regulatory processing for the airlines involved, potentially affecting flight operations, approvals and other administrative activities if the debt issues remain unresolved.

The post NCAA Sanctions 11 Nigerian Airlines Over Unpaid Charges appeared first on Business Today NG.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

AIICO Renovates UNILAG Senior Staff Club Squash Court to Boost Wellness

info

Published

on

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.

Continue Reading

Business

Dangote Cement suspends proposed London listing

info

Published

on

1665137623059blob 1620x1080.png

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.

PT WHATSAPP CHANNEL
Dangote Refinery AD

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.


Discover more from Premium Times Nigeria

Subscribe to get the latest posts sent to your email.

Continue Reading

Trending