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Ethiopian Airlines Begins International Flight on Enugu Route

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Ethiopian Airlines said it will commence new services to Enugu in few weeks time. If achieved, the airline will become the first international carrier to fly to the city.

Ethiopian will also increase its five weekly flights to Abuja to daily service, the airline has announced.

The Airline is the fastest growing Airline in Africa. In its operations in the past close to seven decades, Ethiopian has become one of the continent’s leading carriers, unrivalled in efficiency and operational success.

Ethiopian will operate four times a week to Enugu, its 76th destination. Ethiopian, an indigenous and truly Pan African airline, is one of the oldest carriers flying to Nigeria and has been serving the country since 1960 strengthening trade, cultural and tourism ties between Nigeria and the rest of the world.

According to the airline, passengers from Enugu will have direct flight connections to many destinations in Africa, Middle East, Asia, South America and Europe with the youngest and modern fleet in the continent and enjoy the usual Ethiopian hospitality.

“Our flight to Enugu is another exciting step towards enhancing our commitment to the needs of our travelling publics. Nigeria has always been and continues to be one of our important destinations in West Africa. We are continually improving our products and services to meet our customers’ expectations. We thank the people and the government of Nigeria for their continued support in making this new service to Enugu possible,” said Tewolde Gebremariam, CEO of Ethiopian.

Passengers from the airline’s three gateways in Nigeria – Lagos, Abuja and Enugu – now have the opportunity to fly to destinations throughout the Ethiopian network, including Guangzhou, Hangzhou, Hong Kong, Seoul, Bangkok, Kuala Lumpur, London, Toronto, Beijing, Beirut, Dubai, Mumbai, and Nairobi.

Ethiopian commands the lion share of the pan-African passenger and cargo network operating the youngest and most modern fleet to more than 75 international destinations across five continents.

Ethiopian fleet includes ultra-modern and environmentally friendly aircraft such as the Boeing 787, Boeing 777-200LR, Boeing 777-200LR Freighter and Bombardier Q-400 with double cabin. In fact, Ethiopian is the first airline in Africa to own and operate these aircraft.

 Ethiopian is currently implementing a 15-year strategic plan called Vision 2025 that will see it become the leading aviation group in Africa with seven business centers: Ethiopian Domestic and Regional Airline; Ethiopian International Passenger Airline; Ethiopian Cargo; Ethiopian MRO; Ethiopian Aviation Academy; Ethiopian In-flight Catering Services; and Ethiopian Ground Service.

Ethiopian is a multi-award winning airline and a member of Star Alliance since 2011 registering an average growth of 25% in the past seven years compete favourably well with others on international markets.

“Air freight would make this possible. Access to global markets means that Nigerian farmers would have greater demand for their output and perhaps, better prices.

“That is also expected to stimulate more agricultural production, which would in turn, boost the rural economy in the country.  ‘There would be competition by farmers to produce more to feed the foreign and domestic market, unlike what you have now’”.

He maintained that there are a lot of works to be done like support services such as cold storage containers will have to be provided at the airports.

Specialised transportation for these perishables also have to be provided. And these services may have to be provided by the private sector, which is expected to buy into the new vision of the Aviation Ministry to transform Nigerian Aviation Industry.

The Aviation Minister has hosted a number of international road shows aimed at creating awareness in the international community about the possibilities of the country.

The Aviation Ministry and parastatals are also in discussions with various chambers of Commerce and Farmers cooperatives round the country, to sensitize them to the possibilities available under the country’s new air cargo programme and to explore various options for collaboration to achieve the objectives of marketing Nigeria’s perishable agricultural produce to the world.

“With 13 designated air cargo airports spread around the country, farmers would not have to haul their produce over long distances by road, in order to find a market for them.

“For example, take the Enugu Airport. Cashew farmers from neighbouring areas would only have to get their produce to the airport, from where these can be freight to different markets both in and outside the country,” he said.

Available statistics indicate that about 70 per cent of agricultural produce especially perishables such as fruits and tomatoes are wasted while trying to get them to several markets round the country.

Air freight could dramatically reduce this wastage, and put more money back into the hands of Nigerian farmers once the current restructuring, reorganization and provision of cargo handling facilities been undertaken currently is in place.


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General News

EFCC Detains Ayeni, Ex-Skye Bank Chairman over Alleged N36.5Bn, $30m Fraud

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Economic and Financial Crimes Commission (EFCC), has detained Tunde Ayeni, former chairman of defunct Skye Bank Plc, for alleged fraud involving N36.5 billion and $30 million.

EFCC Detains Ayeni, Ex-Skye Bank Chairman over Alleged N36.5Bn, $30m Fraud

Tunde Ayeni, former chairman of defunct Skye Bank Plc,

This follows the probe of alleged diversion of N36.5 billion and $30 million secured as loans from Polaris Bank Plc through companies linked to Ayeni.

He was arrested by EFCC operatives in Abuja on April 23, 2026, and is still been held in custody as at the time of filling the report.

Dele Oyewale, spokesperson, EFCC, confirmed the arrest on Friday but declined to provide further details.

Ayeni is under investigation for diverting funds obtained for marine security, electricity distribution, and real estate projects into other unknown projects.

Investigators allege the loans were instead channelled into telecom investments tied to NITEL/MTEL assets via a NATCOM account.

About 12 firms believed to be connected to Ayeni are also under investigation for their role in securing the loans.

The EFCC is expected to file charges once the investigation is concluded.


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Summit Factory Opens in Ogun, Targets Hygiene Market Expansion

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L-r: Sadiq Ali, General Manager, Summit Household Solutions Limited; Oba Abdulakeem Odunaro, Onikotun of Otun, Ota; Hon. Wasiu Adewale Lawal (FCA), Executive Chairman of Ado-Odo/Ota LGA; Mr Kehinde Akintomide, Permanent Secretary, Ministry of Commerce, Trade and Investment, Ogun State; and Mojeed Maaradesa, Manufacturing Manager, during the commissioning of the ultra-modern factory by Summit Household Solutions Limited in Ota on Thursday.
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Summit Household Solutions Limited has opened its ultra-modern manufacturing facility in Ota, Ogun State, as part of its efforts to scale production of home and personal care products in Nigeria.

The plant, which started operations in April 2025, produces items such as dishwashing liquids, handwash, sanitisers and multipurpose liquid soaps, with an annual capacity estimated at 7,000 tonnes.

Commissioning the facility on behalf of Governor Dapo Abiodun, the Permanent Secretary, Ministry of Commerce, Trade and Investment, Mr Kehinde Akintomide, said the investment reflects growing confidence in Ogun State’s business environment.

He noted that the state hosts over 6,000 manufacturing firms and described the development as consistent with ongoing efforts to promote industrialisation, attract investment and reduce reliance on imports under the Federal Government’s Renewed Hope initiative.

Akintomide disclosed that the factory has already employed more than 50 Nigerians, with projections to exceed 250 jobs as operations expand.

In his remarks, the General Manager of the company, Mr Sadiq Ali, said the facility represents a major step in Summit’s growth plans, adding that its flagship brand, 2Sure, currently leads production at the plant.

He also revealed that the company is preparing to introduce new home and personal care products later this year.

Summit Household Solutions manufactures the 2Sure brand and has expanded into the personal care segment with Lewar, a premium beauty soap line positioned for quality and affordability.

Among dignitaries present were the Onikotun of Otun, Ota, Oba Abdulakeem Odunaro, representing the Olota of Ota, Prof. Adeyemi Abdulkabir Obalanlege; the Agba Akin of Ota, Chief Dada Olusola; Director of Investment, Ms Yemisi Folarin; Director of Industrial Promotion, Mr Femi Adeboye; former Managing Director of 7Up Bottling Company, Mr Ziad Maalouf; and the Chief Executive Officer of OmniRetail, Mr Deepanker Rustagi.

Speaking at the event, Maalouf, who conceived the 2Sure brand during his time at 7Up Bottling Company, expressed satisfaction with its growth and commended Summit Solutions Limited for advancing the brand.

The special guests were conducted around the facility, and the programme was concluded with a luncheon.

 


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US Freezes $344m in Crypto Linked to Iran in Major Crackdown

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The administration of Donald Trump has frozen $344 million in cryptocurrency allegedly linked to Iran, marking a sharp escalation in financial pressure on Tehran.

US Freezes $344m in Crypto Linked to Iran in Major Crackdown

The move comes amid stalled diplomatic efforts and a fragile ceasefire in the region.

U.S. Treasury Secretary Scott Bessent confirmed that authorities are sanctioning multiple crypto wallets tied to Iran. “We will follow the money that Tehran is desperately attempting to move outside of the country and target all financial lifelines tied to the regime,” he said.

Tether, which facilitated the transactions, said it worked with U.S. authorities to freeze the funds across two wallet addresses after receiving intelligence linked to unlawful activity.

A U.S. official said blockchain analysis revealed “material links” to the Iranian regime, including transactions routed through intermediary addresses connected to wallets associated with the Central Bank of Iran.

Responding to the development, Tether CEO Paolo Ardoino said the company does not tolerate illicit use of its stablecoin. “USD₮ is not a safe haven for illegal activity. When there is credible linkage to sanctioned entities or criminal networks, we act immediately,” he stated.

The crackdown underscores the growing reliance of sanctioned states on digital assets to bypass traditional banking restrictions. Data from Chainalysis shows Iran’s cryptocurrency holdings reached $7.8 billion in 2025, with the Islamic Revolutionary Guard Corps reportedly controlling about half.

Analysts say while the freeze is significant, Iran has historically adapted to sanctions. Daniel Tannebaum of the Atlantic Council noted that targeting third-party actors enabling such transactions may be key to increasing pressure.


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