News

Nigeria Air MD Breaks Silence On Controversial Aircraft

Published

3 years ago

June 6, 2023

Editor

The Managing Director of Nigeria Air, Dayo Olumide has disclosed that the aeroplane that landed at the Nnamdi Azikiwe International Airport, Abuja on 26th May 2023, was a chartered one from Ethiopia.

Olumide disclosed this while answering questions from the senators on Monday, adding that it was launched in 2018 and his own responsibility was to secure an operating certificate for the airline.

Olumide said, “It is a pleasure to be here and to finally make our position known where I can clarify all the misconceptions regarding Nigeria Air as it pertains to the technical aspects of it.

“As you know this airline was launched with the logo in 2018. Several things have transpired since then that have nothing to do with me.

“I was invited last February, my mandate is to secure an air operating certificate for the airline not necessarily to operate the airline but to secure a licence to fly. And that is entirely my responsibility.”

The Chairman of the Committee on Aviation, Senator Olujimi expressed displeasure of the committee when she said that the entire arrangement of the Nigeria Air was shrouded in suspicion.

In responding to Olujimi’s question, Olumide said the aircraft that flew into the country that day did not need a licence, so it was hired.

He said, “I will like to address your question first before I go on. The aircraft that came in and left was a legitimate charter flight. Anyone of us here if we have a destination wedding in Senegal, we can charter an aircraft.

“You don’t need to have a licence to do that, you just charter an aircraft, an aircraft you paid for it, it will be brought here, take your passengers and off you go.

“And that is what we did. But in this case, it was to unveil. Ever since 2018, all you have ever seen about Nigeria Aircraft were pictures, and drawings, not the real aircraft, and we thought it was time to show what the real aircraft will look like and also to let shareholders know.

“You see we have institutional investors, they are not in aviation, but they are putting their money for 10 or 15 years and to exit may be at the premium. So they need to see what the actual aircraft will look like.

“So we brought it in here to show them what the aircraft will look like. Then the social media dimension came into it.

“It is an Ethiopian-registered one. Why is it Ethiopian-registered? To operate aircraft in Nigeria, they must be Nigerian registered; on 5th November. That aircraft was not on 5th November registered because it was a chartered flight and it came in with just a few day’s clearance and off it went.

“For us to get that licence which is my mandate, we must among other things have three aircraft before the NCA will give us a licence and those three aircraft must be Nigerian-registered aircraft.”

“There are five steps that one goes through to have a licence. We have gone from the first one to the second one but the problem is that when you change what we call post holders.

“Post holder is a technical term for director of maintenance, chief pilot, when you change them and replace them completely, you have to go back to phase one to interview them to be compliant to the authority, to the civil authority. But haven gone back to phase one doesn’t mean you have done anything thing wrong. That is a correct and normal process.

“So when this aircraft came on a chartered flight, everybody said we have launched Nigeria Air.

“There are learned people in the aviation industry who could have countered that when social media came out, they chose not to.”

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

3 hours ago

May 6, 2026

Editor

Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

He has been a regular feature for Lazio this season.

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

4 hours ago

May 6, 2026

Editor

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

“This contradiction will no longer be tolerated,” the statement said.

News

N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

Published

6 hours ago

May 6, 2026

Editor

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.