Business

Domestic Flights Fare Surges Ahead of Christmas, New Year

United Nigeria and ValueJetUnited Nigeria Airlines recorded one of the highest fares. A Lagos to Anambra return ticket between December 22 and January 2 costs ₦822,000.

Published

13 minutes ago

November 10, 2026

OCHEFA

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Local airlines operators the like of Air Peace, United Nigeria Airlines and ValueJet have reviewed their fares upward for December 2026 and early January 2027, with return tickets on some routes climbing to ₦822,000.

Quoted fares seen by Ohibaba.com shows that Air Peace listed a Lagos to Anambra return ticket between December 24, 2026 and January 2, 2027 at ₦676,000.

The outbound flight costs ₦341,500, while the return is priced at ₦335,500. Abuja to Anambra will cost about ₦677,000 for a return ticket, while Lagos to Owerri costs ₦671,000.

The fares reflect prices available during checks and may change with seat availability and booking dates.

United Nigeria and ValueJetUnited Nigeria Airlines recorded one of the highest fares. A Lagos to Anambra return ticket between December 22 and January 2 costs ₦822,000.

The outbound journey costs ₦511,000, while the return flight is priced at ₦311,000. Other United Nigeria return fares are Abuja to Anambra at ₦757,000, Lagos to Enugu at ₦656,000 and Lagos to Owerri at ₦682,000.

ValueJet’s Lagos to Owerri return fare stands at about ₦658,094.

This comprises ₦326,666 for the outbound flight and ₦331,428 for the return journey.

Quoted return fares on other routes include ₦622,000 for Lagos to Port Harcourt and Abuja to Port Harcourt, and ₦679,000 for Lagos to Asaba.

Aviation experts attributed the increases to surging festive demand, limited aircraft capacity and growing concerns over insecurity on major highways.

Aviation analyst Dr James Odaudu said airlines frequently struggle to accommodate the influx of passengers travelling to the South-East and South-South during Christmas.

According to him, insufficient flight capacity allows operators to increase fares, sometimes substantially.

He warned that although seasonal pricing is understandable in a deregulated market, excessive increases could raise legitimate concerns about passenger exploitation.

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Dividends: Airtel Africa To Pay Nigerian Shareholders USD N1,347.44 / Share

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Business

Dividends: Airtel Africa To Pay Nigerian Shareholders USD N1,347.44 / Share

For London investors, the sterling equivalent was fixed at $1 to £0.7464

Published

37 seconds ago

November 10, 2026

OCHEFA

4 Views

Airtel Africa Plc says it will pay its 3.1 US cents interim dividend at a dollar-to-naira conversion rate of N1,347.44.

That translates to about N41.77 per qualifying share for Nigerian investors.

The company disclosed the rate in a notice filed with the Nigerian Exchange (NGX).

The interim dividend is 3.1 US cents per ordinary share, a 9.2% increase from the previous year’s payment.

The approved naira rate is about 7.5% lower than the N1,456 per dollar that applied to the corresponding 2025 interim dividend.

Both the naira and sterling conversion rates were derived from dollar exchange rates available on October 30, 2026.

For London investors, the sterling equivalent was fixed at $1 to £0.7464. That puts the payment at approximately 2.31 pence per share.

Business

Telcos Drag House of Reps To Court Over Network Oversight

The dispute is whether Parliament can directly probe private telecom companies over service quality or whether that work belongs to the Nigerian Communications Commission.

Published

46 minutes ago

November 10, 2026

OCHEFA

16 Views

Telecom operators have taken the House of Representatives to the Federal High Court in Abuja over lawmakers’ powers to investigate poor network services and summon their chief executives.

The suit was filed on November 4, 2026 by the Association of Licensed Telecommunications Operators of Nigeria, MTN Nigeria, Airtel Networks, Globacom and T2 Mobile.

The operators want the court to clarify Sections 88 and 89 of the 1999 Constitution, which cover legislative investigations and the power to summon witnesses.

The dispute is whether Parliament can directly probe private telecom companies over service quality or whether that work belongs to the Nigerian Communications Commission.

The face-off escalated after the House Ad Hoc Committee on Telecommunications Quality of Service invited telecom executives on October 21 to explain widespread service complaints.

After the executives were absent at an October 28 hearing, lawmakers issued fresh summonses requiring their personal appearance on November 4.

The committee also threatened arrest warrants if they failed to comply.