Business
Aviation minister signs MoU with Boeing to facilitate aircraft acquisition
Festus Keyamo, the Minister of Aviation and Aerospace Development, has signed a strategic Memorandum of Understanding (MoU) with Boeing, one of the world’s leading aircraft manufacturers.
In a statement by Tunde Moshood SA Media and Communications to the Minister of Aviation and Aerospace Development, said that the agreement was made on Wednesday in Seattle, Washington, USA, in the presence of key Nigerian aviation stakeholders, including executives from major Nigerian airlines, the top management team of the Nigerian Civil Aviation Authority and representatives from the Airline Operators of Nigeria.
The MoU was signed by the Minister and Anbessie Yitbarek, Boeing’s Vice President of Commercial Sales and Marketing for Africa, and marks a significant step forward in enhancing the operational efficiency and safety of Nigerian airlines while positioning them for growth in the global aviation market.
The agreement includes provisions for comprehensive training in airline operations and business models, aimed at improving the business practices and operational efficiency of Nigerian airlines.
Boeing will grant Nigerian airlines access to its vast repository of maintenance documents, engineering drawings, parts purchasing, and flight operations documents, streamlining maintenance practices and reducing operational downtimes.
“Boeing will provide on-site Field Services Representation in Nigeria or nearby locations, offering immediate support to airlines as they navigate operational challenges.
“A leadership-development training program will be implemented to strengthen the leadership pipeline within Nigerian airlines, ensuring sustained growth and excellence,”said the statement.
Business
Naira Exchange Rates Monday,17 August
BLACK MARKET RATES
US Dollar (USD) Buy ₦1,410 Sell ₦1,420
Great British Pound (GBP) Buy ₦1,890 Sell: ₦1,910
EURO (EUR) Buy ₦1,580 Sell ₦1,605
Canadian Dollar (CAD) Buy ₦1,020 Sell ₦1,080
South African Rand (ZAR) Buy ₦75 Sell ₦90
Ghana Cedi (GHS) Buy ₦95 Sell ₦110
West African CFA Buy ₦2, 300 Sell ₦2, 400
Central African CFA Buy ₦2,150 Sell 2,250
CBN Exchange Rates
US Dollar (USD) ₦1,357. 61
Great British Pound (GBP) ₦1,840.10
EURO (EUR) ₦1,571.70
Swiss Franc (CHF) ₦1,673.58
Chinese Yuan (CNY) ₦201.37
West African CFA (XOF) ₦2. 39
West African Unit Account (WAUA) ₦1,853.65
Saudi Riyal (SAR) ₦361. 59
South African Rand (ZAR) ₦83.85
Business
Naira Exchange Rates Friday, August 14
BLACK MARKET RATES
US DOLLAR (USD) Buy ₦1,416 Sell ₦1,423
GREAT BRITISH POUND (GBP) Buy ₦1,890 Sell: ₦1,910
EURO (EUR) Buy ₦1,590 Sell ₦1,610
CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080
SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90
UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205
GHANA CEDI (GHS) Buy ₦95 Sell ₦110
WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400
CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250
AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900
CBN Exchange Rates
US DOLLAR (USD) ₦1,357. 65
GREAT BRITISH POUND (GBP) ₦1,834.04
EURO (EUR) ₦1,567.00
SWISS FRANC (CHF) ₦1,671. 98
JAPANESE YEN (JPN) ₦8.53
CHINESE YUAN (CNY) ₦201. 34
WEST AFRICAN CFA (XOF) ₦2. 39
WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,858.02
SAUDI RIYAL (SAR) ₦361.62
SOUTH AFRICAN RAND (ZAR) ₦84.23
Business
Traders shut down Enugu ‘s Obollo-Afor market over N25,000 haulage levy
However, Chairman of ESIRS, Emmanuel Nnamani, in a letter to the traders, said the haulage levy was not paid by traders buying or selling goods in the markets, but was applicable strictly to truck drivers plying interstate routes.
All shops and markets at Obollo-Afor, Udenu Local Government Area of Enugu State were shut yesterday, as traders staged a peaceful protest against alleged selective collection of a N25,000 haulage levy in the market.
The traders, who locked their shops and took to the streets in large numbers, carried placards with various inscriptions, alleging that the Enugu State Internal Revenue Service (ESIRS) had singled out Obollo-Afor Market for the collection of N25,000 haulage fee on every truckload of goods loaded or offloaded in the market.
However, Chairman of ESIRS, Emmanuel Nnamani, in a letter to the traders, said the haulage levy was not paid by traders buying or selling goods in the markets, but was applicable strictly to truck drivers plying interstate routes.
Addressing officials of the Udenu Local Government Council at the council secretariat, where the protesters marched to present their grievances, Chairman, Obollo-Afor Market Traders Association, Charles Eze, lamented that truck operators bringing foodstuffs, building materials, and other commodities to the market had stopped coming because of the levy.
-
Politics2 days ago(UPDATED) #OsunDecides2026: INEC Uploads 3,119 of 3,763 Polling Unit Results as Collation Continues
-
Politics12 hours agoKebbi Governor picks new running mate , Ibrahim Augie
-
Politics2 days ago#OsunDecides2026: First Results Emerge as Voting Ends, Collation Begins at Polling Units
-
Politics2 days ago#OsunDecides2026: Adeleke Urges Tinubu to Protect Votes During Collation
-
News10 hours agoEdo Assembly Speaker Agbebaku Resigns Amid Impeachment Plot (Video)
-
Politics2 days agoBREAKING: INEC declares Adeleke winner of Osun gov poll
-
Politics13 hours agoOsun poll: ADC’s Salaam, Tambuwal Hail Adeleke for Second Term Win
-
Politics11 hours agoBREAKING: Edo Assembly Speaker Agbebaku Resigns
