Business
How Air Peace lost N700m in one day over NLC, TUC Action

…My business sabotage under NPF, others watch — Allen Onyema
…Stay away from aviation business, FG warns NLC, TUC
Nigeria’s airline, Air Peace has bemoaned the recent activities of the Nigeria Labour Congress, NLC, and Trade Union Congress of Nigeria, TUC, on its business.
A development which grounded their daily operations, thus creating massive flight disruption and ultimately denying the airline over N700 million in one day.
The incident has further created serious upset to many Nigerians who wondered about the rationality behind Air Peace’s involvement and why the unions would engage in such activity on a day when the airline voluntarily airlifted stranded Nigerians in war-torn Sudan.
Vanguard had reported that Air Peace airlifted 277 evacuees from war-torn Sudan to the Abuja airport with its Boeing 777 aircraft at no cost.
However, stakeholders have faulted the organized unions’ action, thus calling on the airline to sue NLC and TUC, stressing they are not above the law.
Also, the Federal Airport Authority of Nigeria, FAAN, directed the unions to stay away from the aviation industry, stressing that their actions are inimical to air safety.
It would be recalled that the unions’ official last Wednesday, stormed the Lagos Airport and took over Air Peace, check-in counters, disrupting operations due to an alleged misunderstanding they had with the Governor of Imo State Hope Uzodinma.
READ ALSO: Max Air: Nigeria Airline Operateors Speak On Abuja Crash Landed Flight
The group held that no flights should be operated into Owerri airport because Uzodinma had disrupted their May Day activities earlier in the week.
The protesters barged into the airport destroying and causing havoc at the airport while the security officials did nothing.
In the wake of the development, the management of Air Peace raised alarm over the deliberate massive disruption of their operation by the unions.
My business sabotaged as NPF, others watch —Allen Onyema
According to the Chief Executive Officer of the airline, Allen Onyema, the unwarranted actions channelled to his business by the unions was uncalled for.
He lamented that he feels unprotected following the development.
He said: “You can imagine how I felt, while I was out there in the war front trying to rescue Nigerians, the NLC and TUC went disrupting every Air Peace flight across the country today.
“We lost over N700 million as a result of the unions’ action. For somebody who has contributed so much to the nation, how do we get that money back?
READ ALSO: Crash Landed Flight: We Owe God Our Lives, Air Max Passengers Recount Ordeal
“This is so insensitive of the NLC and TUC. They chose today to disrupt our operations why? For something that does not even concern Air Peace. Because the governor disrupted their May Day activities, therefore no flight should go to Imo State.
“They wrote to us that we should not fly to the state. Already we have a contract with the passengers, not NLC or TUC. They have no right whatsoever to instruct an airline not to obey the contractual relationship or obligations they have to their passengers.
“They do not have that right. It is a shame to our nation that security agencies are watching while an airline is out there doing all it can for the country was being attacked by some people, making sure our operations were destabilized causing massive delays and massive cancellations.
“Who is going to bear the brunt? Yet this same airline is out there in Egypt risking the lives of their crew and spending hundreds of millions of naira on behalf of this country.”
Stay away from aviation business, FG warns NLC, TUC
However, as a reaction to the development, the Federal Government through the FAAN, has directed the unions’ to desist from engaging in union activities in the industry.
According to the Managing Director, FAAN, Captain Rabiu Yadudu, “The action of the organized labour is unacceptable and a deliberate plan to undermine aviation and other workers.
READ ALSO:Flights Delayed As Plane Crash Lands At Abuja Airport
“We have written to the minister of aviation telling him the government needs to protect the sector from the action of the NLC, the airports are not places for anybody to come and exercise violent behaviour or mob action.
“We will not take it, What happened to Air Peace was very regrettable and just a sign of ego massage and I think that has no place in aviation. NLC should stay away from aviation, I think picketing needs to evolve. Nobody pickets in modern society now.”
Stakeholders react
Meanwhile, the development has raised much concerns, as stakeholders insisted that it is an abuse of power and that the airline should set up a legal team to address the issue judiciary as a way of forestalling it in the future.
According to the President, Aircraft Owners and Pilots Association of Nigeria, and former Chief Executive Officer of Associated Airlines, Alex Nwuba, “We need to engage NLC under the leadership of Comrade Joe Ajaero to separate aviation from labour issues with the State government
“Aviation must speak one voice, enough of contradictory voices. If he continues to channel his energy in the wrong place, he will be put on the aviation no-fly list as an industry treat.”
Similarly, former military commandant, Murtala Mohammed Airport, Group Captain John Ojikutu, said: “The Nigeria Civil Aviation Authority, NCAA, needs regulations to come hard on the union, in the same manner, the disruptive passengers are dealt with. These irresponsible acts of the unions that may bring us to disrepute in the aviation international community should be stopped now.
“Any disruption in the airport operational area of airport security restricted area must be considered as acts of unlawful interference that need to be legally sanctioned. What has been happening to the industry from the unions are acts of unlawful interference too many.”
VANGUARD
Business
Why We Sited Our Multi-Billion Naira Automobile Firm Branch in Benin – Skyewise Group CEO

Dr. Elvis Abuyere, Chief Executive Officer and Managing Director of Skyewise Group, an automobile firm, has explained the reason for establishing a branch of the company in Benin City, the Edo State capital, describing the ancient city as “a growing economy full of enormous potential for vibrant youth.”
He added that the company considers Edo State one of the most interesting states, noting that the decision aligns with its long-term vision.
Abuyere, who spoke in Benin on Monday while taking journalists on a tour of the new automobile facility, said:
“We started very small — from Abuja to Lagos and now Benin. It is a joy and privilege for us to have completed this amazing regional office with Skyewise Group.”
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According to him, beyond the automobile business, Skyewise Group is in Benin to invest in real estate, logistics, youth empowerment, and credit management. “Aand also to lend our support to what the Edo State Government is doing, knowing the fact that there is an agenda,” he added.
The young CEO urged youths in Nigeria, particularly those in Edo State, to embrace entrepreneurship, stressing that “we believe it is the future of Africa,” especially Nigeria.
He said Nigeria stands as the giant of Africa and that its youth must take bold steps in the entrepreneurship landscape.
According to Abuyere, to ensure Edo youths actualise their entrepreneurial potential, the company has prepared soft loans to help them start businesses, adding that Skyewise Group is not limited to automobile operations.
READ ALSO:Senatorial Seat: Ogbakha-Edo Warns Against Imposition Of Candidates In Edo South
He said: “More importantly to us is youth empowerment. We want our youth to be empowered, and this is where the Skyewise Foundation comes in.
“We believe the future of Africa is entrepreneurship, and that future lies in the hands of the young people of Nigeria. We want to empower them to stand the test of time, build something meaningful, and reduce unemployment and insecurity in our land.
“I believe we need to begin taking bold steps by refining the mindset of our young people. We need to give them a sense of belonging and direction.
“We have been addressing the liquidity gap in society by providing microloans to support businesses in our environment and in Benin City.”
When asked why he chose Benin City for the multi-billion naira automobile firm, Abuyere noted: “I think this is the first automobile showroom in Edo State where you can see a car lifted from the ground floor to the first floor and beyond.”
Business
JUST IN: Nigerian Filling Stations Reduce Fuel Price After Hike

Nigerian filling stations reduced their Premium Motor Spirit price on Saturday, barely 24 hours after the hike.
Checks by DAILY POST showed that Ranoil, Empire Energy, and other filling stations in Abuja adjusted their petrol pumps to N1,365 and N1,375 per litre respectively, down from N1,440 per litre on Friday.
This means that petroleum marketers dropped their fuel price by N65 and N75 per litre. DAILY POST reports that the move was to attract patronage from customers.
Recall that three days ago, Nigerian filling stations had raised their petrol pump price to between N1,365 and N1,440 nationwide after Dangote Refinery and depot owners increased ex-depot prices to around N1,275 and N1,290 per litre.
According to DAILY POST, while the Nigerian National Petroleum Company Limited and MRS Bovas filling stations raised their petrol price to around N1,365 per litre, others adjusted theirs above N1,440 per litre.
READ ALSO:Drivers Protest Fuel Increase, Raise Fares in Benin
However, with the latest fuel price reduction by Ranoil and Empire Energy, the majority of filling station outlets now dispense petrol between N1,365 and N1,375 per litre.
This development comes as the ripple effect of crude oil prices continues to impact Nigeria’s domestic fuel price.
Brent and West Texas Intermediate crude rose to $114 and $105 per barrel before dropping to $108 and $101 after the filing of this report.
Business
Dangote Refinery Hikes Petrol Price

Dangote Refinery has increased the ex-depot price of petrol by N75.
The refinery announced the increase on Wednesday, hiking the the price from N1,200 to N1,275 per litre.
In the same way, coastal prices have gone up to N1,215 per litre.
READ ALSO:Dangote Sugar Announces South New CEO
This adjustment amid Brent crude trading at $114.80 per barrel marks a 3.15% increase.
DAILY POST reports that Brent crude has increased to $115 per barrel, while West Texas Intermediate rose to $103 per barrel on Wednesday.
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