Business

Again, Emirates Suspends Flights To Nigeria

Published

4 years ago

December 10, 2021

Emirates Airlines has suspended all its flights to Nigeria as a retaliatory action taken against the Federal Government.

The Nigerian government had earlier reduced the frequencies approved for the Middle East airline to just one over an ogoing diplomatic row.

In a statement issued by the airline Friday evening, it said, “With the recently imposed directive limiting Emirates to operate one flight per week to Nigeria via Abuja, Emirates will be suspending its flights between Nigeria and Dubai from 13 December 2021, until the UAE and Nigerian authorities work on a solution to the ongoing issue.

“The last flights to operate on 12 December 2021are EK 783/784 to/from Lagos and EK 785/786 to/from Abuja

“Customers holding tickets with the final destinations Lagos and Abuja will not be accepted at the point of origin.

“Affected customers do not need to call us immediately for rebooking. Customers can simply hold on to their Emirates ticket and when flights resume, get in touch with their travel agent or booking office to make new travel plans.

“Emirates regrets any inconvenience caused. Emirates is committed to its operations in Nigeria, and we stand ready to reinstate services once restrictions are lifted by the Nigerian authorities, ensuring travellers have more choice and access to trade and tourism opportunities in Dubai, and beyond to our network of over 120 destinations.”

The Federal Government had on Thursday withdrawn its approval for Emirates Airlines winter schedule, cutting down the carrier’s daily flights to Abuja to just once a week.

It disclosed this in a letter dated December 9, 2021, issued to the Country Manager, Emirates Airlines Nigeria, Victoria Island, Lagos, and signed by the Director-General, Nigerian Civil Aviation Authority, Capt. Musa Nuhu.

The letter with reference NCAA/DG/AIR/11/16/329 and titled ‘Withdrawal of Ministerial Approval of Emirates Airlines Winter Schedule’, advised the airline to abide by the new directive.

It read in part, “I wish to inform you of the withdrawal of the approval granted to Emirates Airlines Winter Schedule. This approval was conveyed via a letter with reference number FMA/ATMD/501/C.104/XV/536 dated December 1, 2021.

“This withdrawal becomes effective on Sunday, December 12, 2021, at 2300h. Please kindly note, henceforth, Emirates Airlines is granted approval to operate only one weekly passenger frequency to Abuja on Thursdays.

“Please be guided accordingly. Do accept the assurances of my highest regards.”

The Federal Government about a week lifted the ban on Emirates Airlines flights to Nigeria after suspending the carrier from operating into Nigeria several months earlier, due to concerns over the United Arab Emirates carrier’s requirements in the management of COVID-19.

Business

Naira Extends Appreciation Against US Dollar

Published

12 hours ago

January 8, 2026

Editor

The naira extended appreciation against the dollar at the official foreign exchange market on Wednesday.

The Central Bank of Nigeria’s data showed that the Naira further firmed up on Wednesday to N1,418.26 per dollar, up from N1,419.07 exchanged on Tuesday.

Wednesday’s uptrend represents a slight N0.80 gain against the dollar on a day-to-day basis.

Meanwhile, at the black market, the Naira remained unchanged against the dollar at N1,480 per dollar on Wednesday, the same rate recorded the previous day.

The development comes as Nigeria’s foreign reserves further rose to $45.62 billion as of January 6th, 2026.

Recall that on Tuesday, the Naira posted a N10.24 gain against the dollar.

Business

Naira Continues Gain Against US Dollar As Nigeria’s Foreign Reserves Climb To $45.57bn

Published

3 days ago

January 6, 2026

Editor

The Naira appreciated further against the United States Dollar at the official foreign exchange market, beginning the week on a good note.

Central Bank of Nigeria data showed that the Naira strengthened on Monday to N1,429.31 per dollar, up from N1,430.85 exchanged on Friday, 2 January 2026.

This means that the Naira gained N1.56 against the dollar on Monday when compared to N1,430.85 last week Friday.

At the black market, the Naira dropped by N5 to N1480 per dollar on Monday, down from N1475 traded Friday.

The development comes as the country’s external reserves rose to $45.57 billion as of Friday last week.

Business

NNPCL Reduces Fuel Price Again

Published

3 days ago

January 5, 2026

Editor

The Nigerian National Petroleum Company Limited, NNPCL, has again reduced its premium motor spirit price.

In Abuja, on Monday morning, it was gathered that NNPCL retail outlets have reduced their fuel price to N815 per liter, down from N835.

This means that the NNPCL filling stations cut their price by N20.

The fresh price has been implemented at NNPCL filling stations in Wuse Zone 6 and 4 Abuja, Keffi-Abuja Road, and Kubwa Expressway.

An NNPCL filling station attendant, who preferred anonymity, told DAILY POST that the new price was implemented on Sunday evening.

However, the N815 per liter is N79 higher than the N739 per liter sold at Dangote Refinery’s backed MRS filling stations nationwide.

DAILY POST recalls that NNPCL on December 19, 2025, cut its price of petrol by N80 to N835 amid a price war among players in the country’s oil downstream sector triggered by Dangote Refinery’s gantry price reduction to N699 per liter.