Business

JUST IN: Minister of Aviation, Festus Keyamo Orders Resumption of Emirates Flights

Published

2 years ago

May 16, 2024

505 Views

Air travelers between Nigeria and the UAE are now free to travel as the Minister of Aviation, Festus Keyamo orders the resumption of Emirate flights. The long-awaited resumption of Emirates Airlines’ flight operations to Nigeria is finally happening.

WhatsApp Image 2024 05 16 at 8.52.38 AM2

However, it’s been a rollercoaster for Nigerians wanting to travel to the UAE. The blanket visa ban imposed by the UAE on Nigerians in October 2022 caused a halt in Emirates Airlines’ flights to Nigeria the following month.

The false claim in September 2023 about an immediate resumption of flights after President Bola Tinubu’s meeting with the President of the UAE dashed hopes for many.

WhatsApp Image 2024 05 16 at 8.52.38 AM1

But now, with Festus Keyamo’s announcement of a confirmed date for the resumption of flights, there’s renewed optimism. It’s been a challenging time for both countries and travelers, and the resumption will hopefully mark the start of smoother travel between Nigeria and the UAE.

Business

Naira Exchange Rates Thursday, 5 Nov 2026

Published

2 days ago

November 5, 2026

OCHEFA

133 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

172 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.