Business
United Nigeria gets NOD for Flights to USA, UK, Netherlands, Italy, UAE, Ireland
The United Nigeria Airlines, one of the leading airlines in the country, has received approval for operation of international flights.
According to the Federal Ministry of Aviation and Aerospace Development’s approval, the airline would operate international flights to United States of America, United Kingdom, Netherlands, Italy, Ireland and the United Arab Emirates (UAE).
A letter dated September 8, 2023 conveying this approval from the Ministry of Aviation and Aerospace Development, signed by Director, Air Transport Management, Mr. H.T. Ejiburu, on behalf of the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, to the United Nigeria Airlines Company Limited, said the approval was in line with subsisting Bilateral Air Services Agreement (BASA) between Nigeria and each of the countries.
The letter reads: “I am directed to acknowledge receipt of your letter dated 2nd August 2023 on the above subject and convey the Honourable Minister’s approval for the designation of Messrs United Nigeria Airlines Company Limited to operate international flight operations to the undermentioned countries and cities: Netherlands (Amsterdam), Italy (Rome), United Arab Emirates (UAE) (Dubai), United Kingdom (London), United States of America (USA) (Houston) and Ireland (Dublin).
“The designation of Messrs United Nigeria Airlines Company Limited is in line with the subsisting Bilateral Air Services Agreement (BASA) between the Government of the Federal Republic of Nigeria and the governments of the six mentioned countries.
“Consequently, the airline is hereby advised to liaise with the Civil Aviation Authorities of the aforementioned countries for documentation prior to commencement of scheduled flight operations. However, you are obliged to comply with the Nigerian Civil Aviation Regulation (Nig. CARs (2023) Part 18.5.1.1 A-C by taking further steps to liaise with the Nigerian Civil Aviation Authority (NCAA) in fulfilling the requirements if necessary.
“Kindly note that the approval has been communicated to the Ministry of Foreign Affairs for its further necessary actions.”
United Nigeria Airlines, with Prof Obiora Okonkwo OFR as Chairman, started flight operations in 2021and operate scheduled flights in major Nigerian cities. The Airline had earlier obtained approval for Regional flights based on which that they are finalising arrangements to commence regional operations in couple of weeks upon arrival of their additional aircraft from middle of October.
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₦350 UAE DIRHAM (AED)
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Business
WEF could appoint Lagarde as its next chair, sources say
The WEF’s Board of Trustees, which includes Lagarde herself, was due to meet on November 2 and could elect her as its next chair, said the people close to the organisation, who spoke on condition of anonymity due to the sensitivity of the matter.
•European Central Bank President Christine Lagarde
The World Economic Forum could appoint Christine Lagarde as its next chair as soon as next month, four people close to the organisation told Reuters, meaning she would step down early as European Central Bank chief and trigger a wider reshuffle at the top of the ECB.Lagarde’s ECB term is scheduled to end in October 2027.
Leaving early would give European Union leaders a chance to pick a new ECB President before France’s spring presidential election, which opinion polls suggest the far-right could win, and could pave the way for a deal involving two other senior ECB roles.
The WEF’s Board of Trustees, which includes Lagarde herself, was due to meet on November 2 and could elect her as its next chair, said the people close to the organisation, who spoke on condition of anonymity due to the sensitivity of the matter.
No final decision has been taken yet, they said.
A spokesperson for the WEF said the forum could not confirm when the next full Board of Trustees meeting would take place, but that the aim was to hold one before the end of the year.
Business
Germany plans tax on sugary drinks
The tax is expected to generate additional revenue for the federal government of €690 million in 2027 and €925 million in 2028.
The German cabinet has approved draft legislation to tax sugary drinks in Europe’s biggest economy.
If passed by the German Bundestag, the tax will take effect on 1 July 2027.
The coalition aims to raise revenue for the federal budget while encouraging manufacturers to reduce sugar content and offer healthier products.
The levy is intended to ease pressure on the healthcare system, which faces costs of more than €2 billion every year linked to the high consumption of sugary drinks, which contributes to obesity, diabetes and tooth decay.
According to the federal government, Berlin is using the tax to implement “what associations from the fields of health, science, child protection, and consumer protection have long been demanding.”
The tax is expected to generate additional revenue for the federal government of €690 million in 2027 and €925 million in 2028.
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