Emirates Resumes Operations in Nigeria, Two Years After Suspension

The New Diplomat
Writer

Ad

Central Banks Now Hold More Gold Than U.S. Treasuries

Key Takeaways For the first time since 1996, foreign central banks’ gold reserves have overtaken their U.S. Treasury holdings. Persistent gold buying and rising U.S. debt risks are reshaping reserve composition toward hard assets. Central banks have crossed a symbolic line: their combined gold reserves now exceed their U.S. Treasury holdings for the first time…

Alleged Christian Genocide: Nigerian Lawmakers Slam US Bill, Call It A “Malicious lie”

By Abiola Olawale The House of Representatives on Wednesday condemned a United States congressional bill accusing Nigerian officials of allegedly enabling "systematic" religious killings, particularly against Christians. Lawmakers branded the legislation a "gross misrepresentation" of the country's security woes, insisting that violence stems from terrorism and banditry, not state-sponsored persecution. This position comes in response…

Alleged ₦4bn Fraud: Drama as Kano Anti-Graft Agency Moves to Probe Ganduje’s Govt

By Abiola Olawale The Kano State Public Complaints and Anti-Corruption Commission (PCACC) has launched an investigation into an alleged diversion of over ₦4 billion in public funds during the tenure of former Governor Abdullahi Umar Ganduje. The New Diplomat reports that the probe is said to be centered on the Dala Inland Dry Port project.…

Ad

By kawaekwune Jeffrey

Two years after suspending flight operations in Nigeria, Emirates Airlines on Tuesday resumed its services, landing at Murtala Muhammad International Airport (MMIA) in Lagos.

The resumption comes after a long standoff over the airlines inability to repatriate trapped funds reportedly amounting to $85 million. Emirates’ flight EK 783 touched down at the old terminal of MMIA at 3:32 pm, marking the airline’s return to Nigerian airspace.

A Senior First Officer at Emirates, Moha Madugu, expressed his excitement about the return flight to Lagos, saying: “A very special day for me today, I have the honour of operating our inaugural return flight to Lagos, Nigeria. Today I will be flying both the Emirates and Nigerian flag very high. Thank you, Emirates. A flight time of slightly over eight hours today. #EkoOniBaje.”

It would be recalled that in November 2022, Emirates suspended operations due to what it considered as difficulties in accessing funds stuck in Nigeria. This followed an earlier suspension of its flights in August 2022, as the airline struggled with similar issues.

A travel analyst, Mr. Olumide Ohunayo, spoke extensively on the challenges the suspension created. He noted that the withdrawal of Emirates, which operated 21 flights per week, affected up to 90% of passengers who traveled beyond Dubai to other global destinations.

According to him: “The departure of Emirates from their routes affected or contributed to the high rate of ticket fares on international routes. There was a large chunk of seats that was taken away by Emirates, and that reduced competition. The few airlines left capitalised on the fact that Emirates suspended operations.”

He further emphasized the broad impact the suspension had on Nigeria’s aviation industry, saying: “Emirates pulled out and it affected the industry. There was a loss of revenue in the country’s aviation eco-chain. Everybody had that hit because Emirates was not there, from the agencies to the taxis, to the service providers, even the catering, everybody felt the pain of their departure.”

The New Diplomat reports that Emirates’ decision to return signals a hopeful revival of competition and services in the aviation industry, which had suffered from reduced competition and skyrocketing ticket prices.

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp