Business

Dana Air CEO Meets Minister of Aviation, Hints on Fresh Investment, New fleet of aircraft

Published

2 years ago

May 31, 2024

627 Views

One of Nigeria’s leading airlines, has announced a significant step forward in its journey towards a vibrant resurgence in the aviation sector.

The CEO of Dana Air, Jacky Hathiramani disclosed this recently in Abuja during a crucial meeting with the Honorable Minister of Aviation and Aerospace Development Festus Keyamo.

According to the CEO, Dana Air has made significant progress in its commitment to revitalize its operations and the Board of the airline is currently in talks with a new investor who is also very eager to infuse fresh ideas, a different fleet of state-of the-art aircraft type and possibly new hires signaling a promising future for the airline and the industry as a whole.

”In line with its vision for growth, innovation and excellence, Dana Air is eagerly anticipating the arrival of brand new aircraft, which will not only enhance its operational efficiency but also elevate the overall passenger experience.

”These modern fleet of aircraft are set to redefine air travel standards, passengers comfort and safety and reinforce Dana Air’s position as a preferred choice for travelers across Nigeria

”We are thrilled about the exciting developments on the horizon for us at Dana Air and With the support and commitment of our new investor who is likely to have a major stake, we are poised for a remarkable comeback that will exceed expectations and set new benchmarks in the aviation industry.”

The CEO of Dana Air expressed sincere apologies to the airline’s loyal customers and valued partners for the temporary absence from the market and any inconveniences that may have been experienced. He However, he reassured them of Dana Air’s unwavering commitment to delivering safe, reliable, and customer-centric services upon return soon.”

Dana Air is one of Nigeria’s leading airlines, committed to providing safe, reliable, and customer-centric air transportation services. With a focus on innovation, efficiency, and excellence, Dana Air strives to exceed passenger expectations while contributing to the growth and development of Nigeria’s aviation industry.

Related Topics:Dana Air Featured Fresh Investment Minister of Aviation New fleet of aircraft

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Business

Naira Exchange Rates Thursday, 5 Nov 2026

Published

2 days ago

November 5, 2026

OCHEFA

132 Views

BLACK/ PARALLEL MARKET RATES

₦1400DOLLAR (USD)

₦1830POUND (GBP)

₦1515 EURO (EUR)

₦950 CANADIAN DOLLAR (CAD)

₦70 SOUTH AFRICAN RAND (ZAR)

₦350 UAE DIRHAM (AED

₦190 Chinese YUAN (CNY)

₦100 Ghanaian CEDI (GHS)

West African CFA ₦2240 (XOF)

Central African CFA ₦2180 (XAF)

₦820 Australian Dollar AUSSIE (AUD)

Business

NNPCL wants to sell 10% equity via IPO on NGX, LSE

NNPC is expected to spend at least the whole of 2027 preparing for the proposed offering, with the listing primarily intended to strengthen corporate transparency and governance in line with Nigerian law.

Published

3 days ago

November 4, 2026

OCHEFA

171 Views

The Nigerian National Petroleum Company Limited (NNPC Ltd.) is considering selling between 5% and 10% of its equity through a potential initial public offering (IPO), with the proposed listing expected to focus primarily on Nigeria’s domestic capital market.

The Group Chief Executive Officer of NNPC Ltd., Bashir Bayo Ojulari, disclosed this in an interview with Reuters on Tuesday, November 3, 2026, adding that the company could also pursue a secondary listing in London or New York.

The disclosure comes shortly after the Dangote Petroleum Refinery’s IPO closed on October 27, following a two-week extension of its subscription period from the initial October 13 deadline.

Ojulari indicated that raising additional capital would be a secondary consideration rather than the main reason for going public.

The company is also considering listing some of its subsidiaries separately, following a model adopted by Abu Dhabi National Oil Company (ADNOC), the United Arab Emirates’ state-owned oil company.

Beyond the potential IPO, Ojulari disclosed that Chinese companies have expressed interest in acquiring equity stakes in some of NNPC’s smaller refineries, particularly the Port Harcourt and Warri facilities, which require substantial rehabilitation.