General News
Nigeria to Receive First Dry-Leased Aircraft in 20 Years

Nigeria is set to receive a dry-leased aircraft on October 6, after nearly 20 years, according to Festus Keyamo, minister of Aviation and Aerospace Development.

Festus Keyamo, minister of Aviation and Aerospace Development.
A dry lease is an arrangement in aviation where a leasing company (lessor) provides an aircraft to a lessee without crew, maintenance, insurance, or other operational services.
Keyamo made the announcement on Wednesday during the foundation-laying of Air Peace’s new maintenance hangar at the Murtala Muhammed International Airport, Lagos.
He explained that the milestone comes through Air Peace, following Nigeria’s removal from a global blacklist as a result of implementing the Cape Town Convention.
For two decades, Nigerian airlines had relied solely on wet leases, but Keyamo noted that renewed global confidence in the nation’s aviation system had changed the narrative.
He explained that wet leases placed a heavy burden on passengers through inflated ticket prices, costly maintenance, and other overhead expenses.
“This is the first time we are going to have a dry lease. Dry lease means that confidence has returned to the Nigerian ecosystem.
“They are giving you your plane. Control it yourself. I wrote a personal guarantee for Air Peace to get that dry lease. I put my life and my reputation on the line,” he said.
On Air Peace’s upcoming Maintenance, Repair and Overhaul, MRO, facility, Keyamo emphasized that the project would save Nigeria vast sums of foreign exchange and curb capital flight.
“What this is going to save in terms of FX to this country is incredible. Air Peace alone spends about N180 billion yearly for maintenance; imagine what other airlines are spending.
“Monies that should remain within our jurisdiction went out. That is capital flight. With this facility here, we are going to keep that within Nigeria.
“We are now going to attract people to bring in their money, not only ours, but we are going to attract foreign inflows.
“In the whole of West Africa and Central Africa, there are no good MROs. The good thing is that this facility will accommodate wide-bodied aircraft. You do not have such in the whole of West Africa and Central Africa,” he said.
He credited President Bola Tinubu’s recent visit to Brazil for helping secure Embraer’s partnership with Air Peace in providing technical support for the new facility. According to him, supporting indigenous operators remains central to his mandate, with the Federal Government committed to strengthening local airlines.
The minister further noted that the MRO would introduce a simulator for pilots, reducing reliance on overseas training while creating avenues for foreign exchange earnings. He called on commercial banks to reinvest in the aviation sector, stressing that aircraft financing was now more secure.
Keyamo also revealed that Air Peace had secured approvals for four new international routes—Italy, Canada, Paris, and Istanbul. Still, he lamented that Nigerian carriers currently handle only about five percent of outbound international passenger traffic.
Air Peace, in August, announced the start of its MRO project in collaboration with Brazilian aircraft manufacturer Embraer, with completion expected within 12 to 15 months.
The facility will allow Embraer jets to be serviced locally, cutting costs and turnaround time.
Chairman Allen Onyema said, “By September 17, we are going to inaugurate the commencement of construction of our new MRO, and Embraer will operate maintenance for Embraer jets. You will now be able to do it here, and people will also come to Nigeria to do the same.”
Onyema emphasized that the airline’s planned Nigeria-Brazil route, scheduled to begin in the third quarter of 2025, was secured on merit and capacity, not just investment in Embraer.
He added, “In Brazil, they signed several MoUs, but what really impressed me was their partnership approach, one that respects our sovereignty and is mutually beneficial… President Lula’s warmth showed a genuine eagerness to work with Nigeria.”
Keyamo also stressed the importance of connecting both countries: “Brazil is the biggest economy in South America, and of course, Nigeria is considered the biggest economy in Africa. So connecting these two economies was very key to both presidents,” he said, pointing out that bilateral trade had dropped from $10 billion to $2 billion in the past decade.
The unveiling of Air Peace’s MRO facility and the arrival of the dry-leased aircraft mark a turning point for Nigeria’s aviation sector—boosting confidence, reducing reliance on expensive wet leases, retaining foreign exchange, and positioning the country as a regional hub for aircraft maintenance and services.
General News
CAC Lists 15 Unregistered Firms Operating in Nigeria

Corporate Affairs Commission (CAC) has warned Nigerians against dealing with 15 unregistered entities using company names and registration numbers that are not in the commission’s records.

In a public notice signed by CAC Management, the commission said it had discovered the use of purported company names and RC numbers that are not registered with the CAC, urging the public to disregard them and verify all business information directly from its portal.
“The CAC remains committed to protecting the integrity of the Companies Register, upholding the law, and ensuring a safe and transparent business environment in Nigeria,” the CAC said.
According to the notice, the following are the entities not registered with the CAC:
Famas Services Nigeria Limited (RC: 216312)
Promo Dutch Investment Limited (RC: 396654)
Dialack Concept Nig. Ltd (RC: 297772)
Purpleheart Construction and Real Estate Mgt. Co. Ltd (RC: 1210548)
M/S Loktu Enterprises (BN: 373466)
Loktu Enterprises (BN: 400390)
Badatoyak Ltd (RC: 521322)
Johson Nats Limited (RC: 198492)
Peoples Club Nigeria International (CAC/IT/41191)
Jiba Enterprise (BN: 577523)
Civil Engineering Solutions Nigeria Limited (RC: 33001)
Gabdoff Hotel Ltd (RC: 112409)
Amoka Group (BN: 545221)
BEEC Nigeria Limited (RC: 30143)
- Adetunji (BN: 657466)
Explaining the reason for the commission’s publication, the statement noted that it aligns with its statutory role of maintaining an accurate and reliable companies register, protecting investors, and preventing fraudulent activities in the business environment.
The commission urged Nigerians to always confirm the status of any company or business name through its official portal.
General News
IHS Nigeria Leads Gender Based Violence Awareness Walk, Reaffirms Zero Tolerance with Advocacy Seminar

Demonstrating unwavering commitment to a safe and dignified workplace, IHS Nigeria held an awareness walk followed by a high-impact seminar as part of activities to commemorate the global 16 days of activism to End Gender-Based Violence against women and girls.

The initiative underscored the organisation’s ongoing efforts to sensitize the community, educate employees, strengthen internal safeguards, and reinforce its zero-tolerance policy for all forms of harassment and abuse.
After the walk along Adeola Odeku and Idejo Streets on Victoria Island, employees convened for a seminar at the IHS Nigeria corporate head office, where Bukola Konkwo, Associate Director, Operations Excellence IHS Nigeria and one of the leaders of the Women in IHS Network (WIIN), reiterated the organisation’s position on gender-based violence in her opening remarks:
“Violence does not discriminate, and neither should our compassion. At IHS Nigeria, boldness is not just a value on paper, it is a call to action. We are intentional about ensuring every employee feels safe, respected, and empowered.”
The seminar featured two leading voices in Gender Based Violence advocacy. Titiola Vivour Adeniyi, the Executive Secretary of the Lagos State Domestic and Sexual Violence Agency and Nwanne Okafor, Victimologist and Gender Based Violence Advocate. Speaking during the seminar, Titilope stressed the urgency of prevention and education:
“Gender-based violence is not a special-class problem. Anybody can be a victim. Our responsibility is to know the signs, protect one another, and intervene early. When we know better, we do better.”
She also encouraged organisations to prioritise consent education, confidential reporting, and background checks, practices IHS Nigeria has already integrated through its Safe Zone Committee, a confidential support system for staff.
Nwanne Okafor, also spoke on the role of colleagues in recognizing and responding to abuse in the workplace:
“Many victims don’t need you to fix their situation, they need your support, your sensitivity, and your discretion. Speak up when necessary. Silence gives violence permission.”
Her session included real-life cases that underscored how abuse affects workplace productivity, mental health, and safety.
The awareness walk, saw both male and female staff members from across various departments marching in solidarity with survivors and advocates worldwide and served as a public declaration of IHS Nigeria’s commitment to building a culture rooted in respect, safety, and accountability.
Reinforcing IHS Nigeria’s stand, during her closing remarks, Titilope Oguntuga, Director, Sustainability, IHS Nigeria, captured the spirit of the event:
“This conversation doesn’t end today. Now that we know better, we must all do better, by advocating, supporting, and actively contributing to a workplace free of violence in any form.”
IHS Nigeria continues to strengthen its internal systems, policy frameworks, training programs, safe reporting channels, and continuous awareness sessions, to ensure that every employee is protected and empowered. The organisation reaffirms its zero-tolerance policy for any form of harassment, abuse, or violence, and remains committed to leading the corporate sector in progressive, people-centered safety standards.
General News
Nigeria’s GDP Rises to 3.98% in Q3 2025, Driven by Agriculture, ICT, and Finance

Nigeria’s economy expanded by $3.98$ per cent in the third quarter of 2025, according to the latest Gross Domestic Product (GDP) report released by the National Bureau of Statistics (NBS) on Monday.

GDP
This growth rate marks a slight improvement from the $3.86$ per cent recorded in the same period of 2024.The report highlights a mixed but generally positive recovery across key sectors. Aggregate GDP in real terms stood at ₦57.03 trillion, up from ₦54.85 trillion in Q3 2024.
The Services sector remained the largest contributor to overall output at $53.02$ per cent, followed by Agriculture at $31.21$ per cent. Key growth drivers included crop production, telecommunications, real estate, trade, and financial services.
The non-oil sector continued to be the main engine of the economy, expanding by $3.91$ per cent. This strong performance outpaced both Q3 2024 ($3.79$ per cent) and Q2 2025 ($3.64$ per cent). Agriculture grew by $3.79$ per cent, driven predominantly by crop production.
The Information and Communication Technology (ICT) sector posted a particularly strong real growth of $5.78$ per cent, with its contribution to real GDP rising to $9.10$ per cent. Furthermore, Financial and Insurance Services recorded a significant real growth of $19.63$ per cent.
In contrast, real growth in the Manufacturing sector slowed to $1.25$ per cent, down from $1.74$ per cent in the previous quarter.
The oil sector posted a real growth of $5.84$ per cent, a marginal increase from $5.66$ per cent in Q3 2024. This growth was linked to an average crude oil production rise to $1.64$ million barrels per day (mbpd), up from $1.47$ mbpd a year earlier.
Despite this positive change in output, the sector’s contribution to real GDP remains modest at **$3.44$ per cent$.Statistician-General of the Federation, Prince Adeyemi Adeniran, noted that while most sectors sustained positive momentum, growth remains uneven.
Strong gains in ICT, finance, agriculture, and trade were crucial in stabilizing overall output. This data aligns with projections from the International Monetary Fund (IMF), which, in October 2025, revised Nigeria’s 2025 growth outlook upward to $3.9$ per cent, citing higher oil production, stronger investor confidence, and a supportive fiscal stance as key drivers.
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