Monday 20 February 2017

Nigeria missing in 10 best airports in Africa:Are you surprised?





The guide to sleeping in Airports, a travel community that shares their experiences and advice with fellow airport sleepers at http://www.sleepinginairports.net/, has revealed its 10 best airports in Africa, with none of the Nigerian airports making the cut.
In the poll by the popular online travel guide who have been asking people since October 2016 to rate their experiences at airports worldwide based on several categories. Cape Town International Airport in South Africa made it to the top of the list.
The report said travelers were consistently happy with the terminals' cleanliness, simplicity and helpful, friendly staff as well as perks such as free WiFi.
According to the Poll, the worst airport in Africa was Juba International in South Sudan.
See the full list below....

Sunday 19 February 2017

Airlines Panic As Aviation Fuel Price Rises To N265 Per Liter In Nigeria - Sahara Reporters

The price of Jet A1, known locally as aviation fuel, has jumped to about N265 per liter in Nigeria. This is despite a drop in the international market. The situation has provoked panic in the sector, with many suggesting that more airlines could be forced to close shop. In Kano, Kaduna and other states in the north, the price of the product currently ranges between N255 and N265 per liter. In Lagos, it sells for between N240 and N250, depending on the quantity being bought and the marketer doing the selling.

The price of Jet A1, known locally as aviation fuel, has jumped to about N265 per liter in Nigeria. This is despite a drop in the international market. The situation has provoked panic in the sector, with many suggesting that more airlines could be forced to close shop. 

In Kano, Kaduna and other states in the north, the price of the product currently ranges between N255 and N265 per liter. In Lagos, it sells for between N240 and N250, depending on the quantity being bought and the marketer doing the selling.

Just about two weeks ago, the product sold for N220 per liter in Lagos and N230 in airports outside Lagos.

INSIDE NIGERIA’S BOOMING FAKE NAIRA BUSINESS - Politics Nigeria

This appears to be an unusual times in Nigeria; a time of whistle blowing. So, it was, on February 13, when a former Deputy Governor of Central Bank of Nigeria (CBN), Dr. Obadiah Mailafia, alarmed Nigerians on the existence of a huge percentage of fake naira notes in circulation in the country.

Mailafia, who made the disclosure while speaking at the opening session of a three-day public hearing on the 2017 budget appropriation process in the National Assembly, put the percentage figure at 20.

The topic of the lecture was: “Public Finance in the Context of Economic Recession: Innovative Options.”

Though, Mailafia seemed to be saying the obvious, the pronouncement coming from somebody who should have the facts, made it more authentic.

He was saddened that concerned authorities pretend not to be unaware of the enormity of the issue, which, according to him, was detrimental to the growth of the economy.

Mailafia said with such magnitude of fake monies in circulation, original currencies become scarce. He then thundered: “Bad money chases away good money.”

However, the seeming missile did not come as a surprise to many, it nonetheless rattled the financial authorities. And the CBN expectedly reacted.