Business Hilights

Tracking Nigeria's Headline Business News Online

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Reduce entry points to Nigeria to Lagos, Abuja—AON

Further to the travel ban imposed on 13 COVID-19 most hit nations by the Federal Government on Wednesday, 18 March 2020, the leadership of the Airline Operators of Nigeria (AON) has asked the Federal Government to urgently restrict landing of…

‘SAATM’ll only enrich S’Africa, Kenya cripple private sector-driven airlines’

Contrary to the general view that the open skies policy of the African Union (AU) as powered by the Single African Air Transport Market (SAATM) will deepen the operations of Nigerian domestic airlines and further provide opportunities for other service…

VAT removal’ll spur domestic airlines to reinvest saved remittances valued at N11.6bn

Since the positive response of the federal government to the end of Value Added Tax (VAT) remittances by Airline Operators of Nigeria (AON) vide an Executive Order for the removal of Value Added Tax (VAT) from “All forms of shared…

AON: Suspended payment of VAT with facts forced FG to ban tax—Expert

Leading travels consultant, Prince Abubakar Mohammed has said that the reaction of the federal government to the announced suspension of VAT payment remittances by members of the Airline Operators of Nigeria (AON) was based on unarguable reasons adduced by the…

Local airlines begin suspension of VAT remittances today over unfair tax regime

To press home their grievances over what they observed as existing discriminatory tax regimes between foreign and local airlines operating in the country, members of the Airline Operators of Nigeria (AON), will today stop further remittances for Value Added Tax…

AfCFTA crafted to erode untapped Nigerian markets by smarter Africans—OPS

…As 44 African heads of states ink treaty in Kigali Following the failed signing of the African Continental Free Trade Area (AfCFTA) treaty, by President Muhammadu Buhari which can be observed from his absence at the AU meeting in Kigali,…

Don’t sign African Continental Free Trade Area Treaty, MAN, AON tell FG

For fear of losing traffic and associated industry advantages, the Airline Operators of Nigeria (AON) has called on the Federal Government not to sign the African Continental Free Trade Area treaty (ACFTA). The continental deal which is expected to facilitate…

Early signals of losing out in Single Africa Air Transport Market emerge

Rather than innovative synergy between the federal government and Airline Operators of Nigeria (AON) on how best Nigerian airlines will play take advantage of the liberalisation of African airspace, known as Single Africa Air Transport Market (SAATM), both parties in…

Airlines give conditions for seamless remittance of VAT, others

The joint team of delegation from Airline Operators of Nigeria (AON) and the International Air Transport Association (IATA) who paid the Chairman of Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler has given terms and conditions for a smooth administration…

FIRS plans tax remittance soft landing for airlines to remain afloat

As part of new moves to save the ailing aviation sector from suffocations caused by tax related challenges, the Federal Inland Revenue Service (FIRS) has proposed a flexible tax payment regime that will meet their Value Added Tax (VAT) remittance…