• About Us
  • Contact Us
  • Privacy & Policy
Wednesday, January 28, 2026
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
Advertisement
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
No Result
View All Result

Nigeria, Saudi Arabia races for $6 trillion market Dividend in Critical Industry

Vincent Amadi by Vincent Amadi
June 1, 2024
in Economy, News
Reading Time: 2 mins read
A A
0
Nigeria, Saudi Arabia races for $6 trillion market Dividend in Critical Industry
Share on FacebookShare on TwitterShare on WhatsappShare on EmailShare on Telegram

From: Amadi Vincent Uzoma

The Minister of Aviation and Aerospace Development, Festus Keyamo, has revealed that cargo flight operations are poised to recommence between Nigeria and Saudi Arabia following a period of dormancy.
Keyamo made this known in a post on his official X (formerly Twitter) account on Tuesday.
The Aviation Minister mentioned that he had a discussion with Saleh Al-Jasser, Minister of Transport and Logistics of the Kingdom of Saudi Arabia on Monday, during the ongoing Future Aviation Forum (FAF) in Riyadh, Saudi Arabia, regarding the resumption of cargo flight operations.


The communication further indicated that both parties have agreed to restart cargo operations between Nigeria and Saudi Arabia, and individuals have been designated to sort out the details.
Airfreight transports goods worth over $6 trillion, representing about 35% of global trade value, as per the International Air Transport Association (IATA).
Nigeria and Saudi Arabia are aiming to tap into a portion of this significant global trade.
“The previous day, during the sidelines of the ongoing Future Aviation Forum (FAF) in Riyadh, Saudi Arabia, I engaged with my counterparts from the State of Qatar and the Kingdom of Saudi Arabia.
“In discussions with the Kingdom of Saudi Arabia, the main focus was on reviving cargo flight operations between the two countries that had ceased for years. Both sides agreed to restart the operations and appointed individuals to finalize the procedures,” part of the post stated.


Keyamo’s post on X mentioned his meeting with Jassim Saif Ahmed Al-Sulaiti, Qatar’s Minister of Transport, at the Future Aviation Forum in Riyadh, where they talked about implementing the Bilateral Air Service Agreement (BASA) and other shared interests.
The Aviation Minister has stressed several times that one of his key priorities is to reassess and ensure Nigeria’s compliance with BASA agreements due to unfavorable agreements that have negatively affected Nigeria’s aviation sector.
Recent advancements have demonstrated positive strides in Nigeria’s aviation industry, particularly in its connections with the Middle East, in spite of prior challenges.

An important development was Emirates Airline’s Deputy President and Chief Commercial Officer, Adnan Kazim, confirming the resumption of the airline’s services to Nigeria on October 1, 2024.
Emirates Airlines halted flight services to Nigeria in October 2022 because of challenges in repatriating funds stuck in the country.
The intended resumption of Emirates Airlines’s services to Nigeria is largely credited to President Bola Tinubu’s diplomatic trip to the United Arab Emirates (UAE) in October 2023.
During this visit, Nigeria’s President struck a deal with the UAE President to lift the visa ban on Nigerians and restart flights between the two nations.

Vincent Amadi

Vincent Amadi

Related Posts

Naira Appreciates to N1,465/$ as External Reserves Reserves Jump to $42.4bn
Economy

Naira records huge appreciation against US dollar

19 hours ago
Naira Appreciates to N1,465/$ as External Reserves Reserves Jump to $42.4bn
Economy

Naira appreciates against US dollar ending week on good note

4 days ago
Baba-Ahmed to NASS: Scrutinise all ambassadorial nominees thoroughly
National

APC is party for office holder not the people – Hakeem Baba-Ahmed

7 days ago
FG did not site gold refinery in Lagos – Dele Alake replies NEF
Economy

FG did not site gold refinery in Lagos – Dele Alake replies NEF

1 week ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

NATIONS NEWS

Governor Adeleke Denies PDP Defection Rumour
National

Lawyer backs Gov Adeleke’s demand of seized N130bn LG funds

19 hours ago
Naira Appreciates to N1,465/$ as External Reserves Reserves Jump to $42.4bn
Economy

Naira records huge appreciation against US dollar

19 hours ago
We will win more northern states aside Kano – NNPP declares
National

Gov Yusuf’s defection to APC is devastating – NNPP

19 hours ago
Seven Akwa Ibom Lawmakers Defect to APC, Citing Party Divisions
National

We’ve room for whoever wants to join us – APC

19 hours ago
National

2027: Labour Party strongest of all  parties – Nenadi Usman

19 hours ago
Niger APC chieftain blasts El-Rufai over Tinubu ‘Life President’ remark
National

Why Tinubu deserves to be impeached – El-Rufai

2 days ago

POLITICS

Governor Adeleke Denies PDP Defection Rumour

Lawyer backs Gov Adeleke’s demand of seized N130bn LG funds

19 hours ago
We will win more northern states aside Kano – NNPP declares

Gov Yusuf’s defection to APC is devastating – NNPP

19 hours ago
Seven Akwa Ibom Lawmakers Defect to APC, Citing Party Divisions

We’ve room for whoever wants to join us – APC

19 hours ago

2027: Labour Party strongest of all  parties – Nenadi Usman

19 hours ago
2027: ‘I’m not prepared for it’ – Ex-Speaker Dogara on becoming Tinubu’s running mate

2027: ‘I’m not prepared for it’ – Ex-Speaker Dogara on becoming Tinubu’s running mate

2 days ago
Lagos House of Assembly member, Foluke Osafile dumps Labour Party for ADC

Lagos House of Assembly member, Foluke Osafile dumps Labour Party for ADC

3 days ago

YOUR ECONOMY

Naira Appreciates to N1,465/$ as External Reserves Reserves Jump to $42.4bn
Economy

Naira records huge appreciation against US dollar

19 hours ago
Naira Appreciates to N1,465/$ as External Reserves Reserves Jump to $42.4bn
Economy

Naira appreciates against US dollar ending week on good note

4 days ago
FG did not site gold refinery in Lagos – Dele Alake replies NEF
Economy

FG did not site gold refinery in Lagos – Dele Alake replies NEF

1 week ago
Dangote petrol’s N739 per liter price in filling station competitive – Bird
Economy

Dangote petrol’s N739 per liter price in filling station competitive – Bird

2 weeks ago
More tax: Nigerian banks to charge 7.5% VAT on transfers, USSD transactions
Economy

More tax: Nigerian banks to charge 7.5% VAT on transfers, USSD transactions

2 weeks ago
Dangote Refinery drops Petrol Price For Marketers
Economy

Petrol marketers expect cheaper fuel price, waiting Dangote Refinery’s action

3 weeks ago

E & P

AFCON 2025: Ighalo faults Diaz’s Panenka penalty against Senegal
Sports

AFCON 2025: Ighalo faults Diaz’s Panenka penalty against Senegal

by Steven Atogi
1 week ago
0

Former Super Eagles forward, Odion Ighalo, has faulted Real Madrid and Morocco man, Brahim Díaz, for wasting a golden opportunity...

Why I won’t coach Mali again — Chelle

Why I won’t coach Mali again — Chelle

1 week ago
AFCON 2025: Super Eagles Ndidi, Alebiosu ruled out of Semi final

AFCON 2025: Super Eagles Ndidi, Alebiosu ruled out of Semi final

2 weeks ago
Nigerian attacker Boniface begins rehabilitation after successful knee injury

Nigerian attacker Boniface begins rehabilitation after successful knee injury

2 weeks ago
Benin’s Victory Sparks Tension As Nigeria Gears Up For AFCON Showdown

AFCON: Super Eagles’ qualifies for quarter-final after beating Mozambique 4-0

3 weeks ago
‘Huge mistake’ – Rio Ferdinand blasts Man United over Victor Osimhen

‘Huge mistake’ – Rio Ferdinand blasts Man United over Victor Osimhen

3 weeks ago

YOUR THOUGHT & HISTORY

NASS Rubber-Stamp Tinubu: PDP Chieftain Blasts Legislature, Calls Akpabio ‘Unfit’
National

NASS Rubber-Stamp Tinubu: PDP Chieftain Blasts Legislature, Calls Akpabio ‘Unfit’

by Steven Atogi
4 months ago
The Union, the Tycoon, and the State: Dangote versus PENGASSAN War, A New Precedent for Nigerian Labour
Opinion

The Union, the Tycoon, and the State: Dangote versus PENGASSAN War, A New Precedent for Nigerian Labour

by Odini Brains
4 months ago
HOW MR EAZI, OTEDOLA’S SON-IN-LAW, BUILT AN 18-COUNTRY EMPIRE
Opinion

HOW MR EAZI, OTEDOLA’S SON-IN-LAW, BUILT AN 18-COUNTRY EMPIRE

by Odini Brains
5 months ago
Mr Eazi and Temi Otedola: A Love Story That Traveled Three Continents
National

Mr Eazi and Temi Otedola: A Love Story That Traveled Three Continents

by Odini Brains
5 months ago
The Rise And Fall Of Sports Institute, Isaka
Columns

The Rise And Fall Of Sports Institute, Isaka

by Tammy Opoki
5 months ago

Who we are

Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history

Welcome to Umpire News, your go-to online newspaper dedicated to broadening perspectives and expanding the horizons of our numerous readers. Read more

Browse by Category

  • Columns
  • Economy
  • Editorial
  • Entertainment
  • International
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Trends

Recent News

Governor Adeleke Denies PDP Defection Rumour

Lawyer backs Gov Adeleke’s demand of seized N130bn LG funds

January 27, 2026
Naira Appreciates to N1,465/$ as External Reserves Reserves Jump to $42.4bn

Naira records huge appreciation against US dollar

January 27, 2026
  • About Us
  • Contact Us
  • Privacy & Policy

© 2024 Copyright Umpirenews. All rights reserved

No Result
View All Result
  • Home
  • National
  • Economy
  • Politics
  • Sports
  • Entertainment
  • Editorial
  • Opinion
  • Columns

© 2024 Copyright Umpirenews. All rights reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

🤑Join & Get Our Easter Gifts 🤑

Enter your NAME & Email NOW!!

Be among the 1st 100 lucky WINNERS to win our Amazing GIFTs this Easter Period as you READ our Daily hot NEWs & make meaningful comments and follow us on our social media handles.

Name
Enter your email address