Business
Emirates Returns to Nigeria Airspace in Grand Style ▪︎ Lauds FG, Aviation Authority
Emirates international airline, has resumed passenger services to Lagos, Nigeria, with a daily service.
The official delegation onboard was led by Adil Al Ghaith, Senior Vice President Commercial Operations, Gulf, Middle East and Central Asia; David Broz, Senior Vice President of Aeropoliticaland Airline Industry Affairs and Sami Aqil Abdullah, Senior Vice President Emirates Airport Services Outstation and Business Support.
The official delegation from Nigeria onboard the flight included His Excellency, Festus Keyamo, Honourable Minister of Aviation and Aerospace Development of Nigeria; His Excellency, Zayyan Ibrahim, Consul General of the Federal Republic of Nigeria in Dubai and the Northern Emirates and Adewale Babtunde Awolesi Head of Chancery, Consulate General of Nigeria.
Soon after it landed, the airline hosted an exclusive event for VIPs, government officials, key representatives from Nigeria’s Civil Aviation Authority, Federal Airports Authority of Nigeria, Customs, Police and the Airforce, as well as trade and industry partners and corporate clients.
Commenting on the return of services, Adnan Kazim, Deputy President and Chief Commercial Officer, Emirates Airline said, “This has been a long-awaited moment, and we are excited to resume operations to Lagos, helping reconnect travellers seamlessly to and through Dubai, coupled with a consistent, world-class experience onboard.
We would like to thank the Nigerian authorities, including the Federal Ministry of Aviation and Aerospace Development and the Federal Airports Authority of Nigeria, as well as the UAE authorities including His Excellency Salem Saeed Al Shamsi, Ambassador of the United Arab Emirates, Abuja, Nigeria and His Excellency Dr Abdulla Almandoos, Consulate General of the United Arab Emirates in Lagos, for their support.
“We are committed to making this route a success and look forward to contributing to the Nigerian aviation industry’s growth and offering travellers and businesses more choice and connectivity to key destination across our network.”
His Excellency, Festus Keyamo, Honourable Minister of Aviation and Aerospace Development of Nigeria said: “We are pleased to welcome Emirates back to Nigeria.
Emirates has become a global brand and Nigeria, being the most populous black nation in the world, is the sure destination for all major airlines in the world.
“So, this is a mutually beneficial relationship and we look forward to many years of seamless operations for the designated airlines of both countries to ply the route.”
EK783 departs Dubai at 0945hrs, arriving in Lagos at 1520hrs; the return flight EK784 takes off from Lagos at 1730hrs and lands in Dubai at 0510hrs the following day. The daily service has been scheduled to optimise connections to and from key points in Europe, the US, the Far East and the wider Middle East and GCC, streamlining business and leisure travel to and from Nigeria.
The Dubai-Lagos service is operated with a Boeing 777-300ER, offering eight First class suites, 42 Business class seats and 304 economy class seats, with added comforts and perks in each cabin class.
Strengthening business links between UAE and Nigeria
With the resumption of operations to Lagos, Emirates provides frictionless connectivity to one of Africa’s major economic hubs, facilitating global trade and strengthening business ties, in line with the UAE and Nigeria’s strong bilateral trade relations.
Emirates SkyCargo will support Nigerian businesses by offering more than 300 tonnes of bellyhold cargo capacity in and out of Lagos every week, into key markets such as UAE, Malaysia, Hong Kong, and Bahrain, among others.
Anticipated commodities such as Kola Nuts, food and beverages, and urgent courier material will be transported via the airline’s state-of-the-art hub in Dubai, quickly, efficiently, and reliably via the airline’s multi-vertical specialized product portfolio.
Imports into Nigeria are anticipated from key markets such as UAE, India and Hong Kong, with key commodities including a mix of general cargo, pharmaceuticals and electronics.
The Dubai-Lagos service is operated with a Boeing 777-300ER, offering eight First class suites, 42 Business class seats and 304 economy class seats, with added comforts and perks in each cabin class.
Emirates is one of only two airlines offering First Class in and out of Lagos, and offers an unrivalled experience with luxurious touches, a premium gastronomic selection of dishes and fine beverages, and one of the biggest screens in the sky, all in midst of comfort and privacy.
Offering the best experience across every class, passengers will dine on regionally inspired multi-course menus, complemented by a wide selection of premium beverages.
Customers can tune in to over 6,500 channels of global entertainment, including 23 Nigerian movies, series and other content on ice, Emirates’ award-winning inflight entertainment system.
To support travel to Dubai or onwards, Emirates will also facilitate 48 hour and 96 hour Dubai visa applications for travellers from Nigeria, an offer which is exclusive to the airline.
Celebrating the resumption of services, Emirates award-winning loyalty programme, Skywards, reinstated previous tier status levels for Skywards members to ensure continuation of earned benefits and recognition.
Business
Tony Elumelu’s United Capital Secures approval to operate in Ethiopia
Elumeu lauded the transformational Prime Minister of Ethiopia, His Excellency @AbiyAhmedAli , for promoting economic reforms and regional cooperation, the Director General of Ethiopian Capital Market Authority @CMAEthiopia , Ms. Hana Tehelku, and the team at @UnitedCap on this landmark achievement.
United Capital Group has again secured regulatory approvals to commence operations in Ethiopia.
Its Chairman, Tony Elumelu, broke the news on Tuesday, via his official X.
” This development is particularly noteworthy because Ethiopia only recently opened its financial sector to foreign participation, making United Capital’s entry a historic step for both the company and the ongoing integration of African capital markets,” said Elumelu.
Last month, United Capital commenced operations in Rwanda, marking its formal entry into East Africa and reinforcing its ambition to build a leading continental financial services institution.
The Group’s newly established entities include United Capital Trustees Rwanda Limited, licensed to provide trusteeship services, and United Capital Financial Services Rwanda Limited, licensed to offer investment management services, including portfolio management, investment advisory, capital mobilisation, capital market advisory, and fund management solutions.
With this development, United Capital now operates in 11 countries, including Nigeria, with a strong presence in key African markets, a recent expansion into the eight countries within the West African Economic and Monetary Union (WAEMU) region, alongside a growing footprint in East Africa.
According to Elumelu, African institutions are increasingly leading, competing, and succeeding across the continent.
For decades, Africa witnessed foreign capital flowing in while profits largely flowed out.
That narrative is beginning to change.
This is Africapitalism in action — a vision that recognizes the importance of both indigenous and international capital working together to finance Africa’s development and unlock shared prosperity.
Elumeu lauded the transformational Prime Minister of Ethiopia, His Excellency @AbiyAhmedAli , for promoting economic reforms and regional cooperation, the Director General of Ethiopian Capital Market Authority @CMAEthiopia , Ms. Hana Tehelku, and the team at @UnitedCap on this landmark achievement.
Business
Lagos developing world – class new business district —Sanwo-Olu
Sanwo-Olu said Lagos was deliberately building a globally competitive economy driven by innovation, infrastructure and private-sector participation.
• Invest Lagos Summit 3.0: Secretary to the Lagos State Government, ‘Bimbola Salu-Hundeyin (right); Member, House of Representatives, Kafilat Ogbara; Commissioner for Innovation, Science and Technology, Tunbosun Alake; Chairman, Commonwealth Enterprise & Investment Council (CWEIC), Lord Jonathan Marland; Vice President Kashim Shettima; Governor of Lagos State, Babajide Sanwo-Olu; his Deputy, Dr. Obafemi Hamzat; Commissioner for Commerce, Cooperatives, Trade & Investment, Mrs Folashade Bada Ambrose-Medebem; Deputy Chief of Staff to the Governor, Sam Egube, Dr Toyosi Akerele-Ogunsiji and members of the State Executives Council at the opening of Invest Lagos 3.0, themed: “Lagos – The Business Gateway to Africa”, in Lagos, yesterday.
Lagos State Governor, Babajide Sanwo-Olu, has disclosed that as part of efforts to deepen access to global capital, his administration is developing the Lagos International Financial Centre (LIFC), envisioned as a world-class financial district that would strengthen the state’s position as a gateway for investment into Africa.
Speaking yesterday at the third edition of the Invest Lagos Summit, attended by Vice President Kashim Shettima, other governors, foreign investors, development finance institutions and business leaders, Sanwo-Olu said Lagos was deliberately building a globally competitive economy driven by innovation, infrastructure and private-sector participation.
Sanwo-Olu said that the state had recorded significant economic progress in recent years through targeted reforms across transportation, digital infrastructure and industrial development.
Highlighting key infrastructure achievements, Sanwo-Olu cited investments in road networks, waterways and rail transportation, describing them as critical enablers of economic growth and investor confidence.
The governor noted that Lagos was increasingly serving as a gateway to African markets and global capital, positioning itself at the centre of continental trade under the African Continental Free Trade Area (AfCFTA).
According to him, Lagos remains one of the continent’s most strategic economic hubs, with a population exceeding 25 million and a gross domestic product steadily approaching the $300 billion mark.
Official CBN Exchange Rates
US Dollar (USD) ₦1, 362.84
Great British Pound (GBP) ₦1,821. 30
EURO (EUR) ₦1,574. 53
SWISS FRANC (CHF) ₦1,714. 05
JAPANESE YEN (JPN) ₦8.52
CHINESE YUAN (CNY) ₦200.99
West African CFA (XOF) ₦2.42
West African Unit Account (WAUA) ₦1,863.83
SAUDI RIYAL (SAR) ₦302. 83
SOUTH AFRICAN RAND (ZAR) ₦82.75
Black Market Rates
US Dollar (USD) Buy ₦1,395 Sell ₦1,400
Great British Pound (GBP) Buy ₦1,860 Sell: ₦1, 880
EURO (EUR) Buy ₦1,000 Sell ₦1, 100
South African Rand (ZAR) Buy ₦75 Sell ₦90
UAE Dirham Buy ₦350 Sell ₦370
Chinese Yuan Buy ₦180 Sell ₦200
Ghana Cedi (GHS) Buy ₦100 Sell ₦115
West African CFA Buy ₦2,450 Sell ₦2550
Central African CFA Buy ₦2,320 Sell 2,400
Australian Dollar Buy ₦800 Sell ₦900
Sources: CBN / Aboki Forex
-
News1 day agoCourt Voids ₦110bn N’Assembly Vehicles, Allowances
-
Business2 days agoSenate’s approval of Sugar – Sweetened Beverages Tax Bill, Shocking, says CPPE, Lobbying Reps for rejection
-
Crime3 days agoBREAKING: Police Rescue Kidnapped Sister of Ex-minister Adelabu and Twin Sons
-
News2 days agoCourt Declares National Assembly’s N110bn SUV and Allowance Schemes Unlawful
-
News1 day agoFG Clears Five-Month Allowance Arrears for University Lecturers
-
News1 day agoLagos Begins 500-Tree Campaign to Tackle Extreme Heat
-
Politics24 hours ago2027: Lagos APC picks Damilola as Hamzat ‘s Deputy Governor
-
Politics1 day agoNDC Declares Party Supremacy, Approves Code of Conduct Committee
