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NEWS YOU CAN TRUST I**THURSDAY 31 JANUARY 2019 I VOL. 15, NO 236 I N300
Business booms for domestic airlines as AirFrance, Ethiopian suspend PH, Kaduna routes ... AirPeace in talks with foreign carriers on codeshare agreements IFEOMA OKEKE
D
omestic airlines operating in Nigeria are currently experiencing more patronage on local routes as a result of the suspension of flight operations by some foreign carriers on some selected local routes. BusinessDay’s checks show that Ethiopian Airlines has suspended its operations to Kaduna and AirFrance also suspended operations to Port Harcourt, giving opportunity for local airline operations to soar on these routes. Abigail Okenwa, a travel agent, told BusinessDay on Wednesday that AirFrance is currently facing
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Car prices to fall 20% as FG considers tariff review Govt revenue to increase from reduced smuggling
ISAAC ANYAOGU
N
igeria recorded only 11,000 new car sales in 2017 because a bruising 70 percent tariff imposed by former President
Goodluck Jonathan and continued by the present administration of Muhammadu Buhari turned cars into luxury items. There are indications that President Buhari will review this policy in 2019 and analysts say this could lead to a 20 percent
drop in car prices. Bismarck Rewane, CEO of Financial Derivatives, a Lagosbased consultancy, forecasts a 20 percent drop in car prices if the vehicle tariff is reviewed. The Ministry of Trade and Investment is currently reviewing
the policy. Hadiza Usman, managing director of the Nigerian Ports Authority (NPA), said this week there are discussions with the Federal Ministry of Trade and Investment regarding the operaContinues on page 38
Continues on page 38
Inside 16 public officers set for honour as ‘BusinessDay Public Service Awards’ holds today P. 2 Atiku, Obi pledge to fight corruption with technology P. 39
Civil society groups in a peaceful protest against the plan to impeach Lagos State Governor Akinwunmi Ambode by the State House of Assembly at the Assembly complex in Lagos, yesterday.