Business
Experts Support Emirates’ Dollar Pricing in Nigeria
Aviation experts support Emirates Airlines’ decision to charge passengers in dollars, citing the airline’s dollar-based costs and financial challenges in Nigeria. Emirates pays for services like airport fees and fuel in dollars, making naira pricing difficult to maintain. Olumide Ohunayo of the Aviation Round Table explained that inconsistent aviation policies in Nigeria justify the move.
Experts also noted that currency fluctuations and trapped funds have added pressure on airlines. While some customers may prefer naira payments, dollar-priced tickets are often more affordable.
Kingsley Nwokoma emphasized payment should remain a choice, warning that mandating dollar payments could cause disruptions. Meanwhile, John Ojikutu highlighted the billions foreign airlines contribute to Nigeria, questioning how these funds are managed. NANTA has requested Emirates to continue offering naira payment options alongside dollars.
The Federal Government trains 500 women and youths in food production and agriculture. The programme was started to support food security.
The Federal Ministry of Agriculture and Food Security partnered with the National Horticultural Research Institute (NIHORT).
The women and youths were taught tomato, okra and Telfairia production techniques. The government believes this will help boost agriculture, improve food production and strengthen the economy in Ogun State.
According to reports, fuel stations are reducing their prices a bit. This has become a general thing around Nigeria after the spike due to the removal of subsidy.
The prices are dropping to ₦1,275 and ₦1,299, going lower than ₦1,300 compared to what it was before.
MTN has moved closer to acquiring IHS Holding, following shareholder approval of the proposed takeover, marking another major milestone in the transaction.
The approval was secured during the Extraordinary General Meeting (EGM) held on 4 August, allowing the deal to progress to the next stage.
If completed, the acquisition is expected to strengthen MTN’s infrastructure capabilities by giving the company greater control over its telecommunications tower assets. Industry analysts believe the move could improve network efficiency, reduce long-term operating costs, and support MTN’s continued expansion across its markets.
The transaction is still subject to regulatory approvals and other closing conditions before it can be officially completed.
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