• About Us
  • Contact Us
  • Privacy & Policy
Saturday, May 10, 2025
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

Stock market records 34 gainers, 33 losers and N313billion decline 
Economy

Stock market records 34 gainers, 33 losers and N313billion decline 

1 hour ago
Wigwe Family: US Report Highlights Pilot Error, Faulty Equipment As Cause Of Crash 
News

Wigwe Family: US Report Highlights Pilot Error, Faulty Equipment As Cause Of Crash 

3 days ago
PETROAN applauds Tinubu’s ban on foreign products importation 
Economy

PETROAN applauds Tinubu’s ban on foreign products importation 

3 days ago
Arrest of VeryDarkMan by DSS, Sets Bad Precedence in Democracy, Says Peter Obi 
News

Arrest of VeryDarkMan by DSS, Sets Bad Precedence in Democracy, Says Peter Obi 

6 days 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

I am ready to embrace Kwankwaso if he joins APC, says Ganduje
National

Nothing wrong with one-party state, says Ganduje

1 hour ago
We invested N3.5 billion in corporate social investment in 2024, says MTN 
National

We invested N3.5 billion in corporate social investment in 2024, says MTN 

1 day ago
Economic Reforms: Tinubu Says Policy Meant To Avert Collapse, Not Punish Nigerians.
National

Economic Reforms: Tinubu Says Policy Meant To Avert Collapse, Not Punish Nigerians.

1 day ago
Tinubu in Anambra: Youths chants popular “Na our papa be dis” song 
National

Tinubu in Anambra: Youths chants popular “Na our papa be dis” song 

2 days ago
Nigeria loses N1.3 billion to tomato Ebola, says Agric minister 
National

Nigeria loses N1.3 billion to tomato Ebola, says Agric minister 

2 days ago
Reps seeks U.S. partnership on Nigeria’s electoral reforms
National

Reps seeks U.S. partnership on Nigeria’s electoral reforms

2 days ago

POLITICS

Our alleged suspension by Abure-led Labour Party is laughable, says LP Reps

Our alleged suspension by Abure-led Labour Party is laughable, says LP Reps

1 day ago
APGA Sustains Support For Government-at-the-Centre Policy – Soludo Reaffirms.

APGA Sustains Support For Government-at-the-Centre Policy – Soludo Reaffirms.

1 day ago
Don’t aspire to be President if you cannot resolve crisis in your “small party” – Akpabio challenges Peter Obi

Don’t aspire to be President if you cannot resolve crisis in your “small party” – Akpabio challenges Peter Obi

2 days ago
Atiku refutes claim of leaving PDP to APC 

Atiku refutes claim of leaving PDP to APC 

3 days ago
Atiku Joins Call For VDM’s Release, Calls Arrest Disgraceful

Atiku labels Bwala a political opportunist, says his validations useless

3 days ago
I am ready to embrace Kwankwaso if he joins APC, says Ganduje

I am ready to embrace Kwankwaso if he joins APC, says Ganduje

3 days ago

YOUR ECONOMY

Stock market records 34 gainers, 33 losers and N313billion decline 
Economy

Stock market records 34 gainers, 33 losers and N313billion decline 

1 hour ago
PETROAN applauds Tinubu’s ban on foreign products importation 
Economy

PETROAN applauds Tinubu’s ban on foreign products importation 

3 days ago
 IMF Urges Nigeria to Increase Tax Revenue Base
Economy

 IMF Urges Nigeria to Increase Tax Revenue Base

2 weeks ago
World Bank Projects Poverty Increase in Nigeria by 2027
Economy

World Bank Projects Poverty Increase in Nigeria by 2027

2 weeks ago
CBEX Scam: Court Orders Arrest, Remand of 6 Promoters of Platform 
Economy

CBEX Scam: Court Orders Arrest, Remand of 6 Promoters of Platform 

2 weeks ago
Nigeria Loses $9 Billion Annually to Food Waste
Economy

Nigeria Loses $9 Billion Annually to Food Waste

4 weeks ago

E & P

It’s the toughest season of my career, says Pep Guardiola of Man City
Sports

It’s the toughest season of my career, says Pep Guardiola of Man City

by Steven Atogi
2 hours ago
0

Manchester City manager Pep Guardiola has admitted this season a the toughest in his 16-year managerial career.  Guardiola has experienced...

Man Utd Ease Past Athletic Bilbao To Set Up An All English Finals With Spurs 

Man Utd Ease Past Athletic Bilbao To Set Up An All English Finals With Spurs 

1 day ago
Naira Abuse/money laundering: Socialite E-Money lands in EFCC net.

Naira Abuse/money laundering: Socialite E-Money lands in EFCC net.

2 weeks ago
Mbappé Sees Red in Alaves Clash as Madrid’s Title Hopes Take a Hit

Mbappé Sees Red in Alaves Clash as Madrid’s Title Hopes Take a Hit

4 weeks ago
Barcelona Beats Leganes, Moves Seven Point Clear Of Close Rivals

Barcelona Beats Leganes, Moves Seven Point Clear Of Close Rivals

4 weeks ago
Man City Crush Palace After Shaky Start in Seven-Goal Thriller at Etihad

Man City Crush Palace After Shaky Start in Seven-Goal Thriller at Etihad

4 weeks ago

YOUR THOUGHT & HISTORY

ON THE PUBLIC NUISANCE CALLED SOWORE
Opinion

ON THE PUBLIC NUISANCE CALLED SOWORE

by Kiikpoye Karibo
2 months ago
Data Visualizations
Columns

Five Key Considerations for Creating Effective Data Visualizations

by Blessing Chinyere Daniel
4 months ago
The Transformative Power of AI in Revolutionizing Industries and Empowering Growth
Columns

The Transformative Power of AI in Revolutionizing Industries and Empowering Growth

by Blessing Chinyere Daniel
5 months ago
Navigating the Turbulent Terrain of Entrepreneurship: The Power of Tenacity, Growth Mind-set, and Grit
Columns

Navigating the Turbulent Terrain of Entrepreneurship: The Power of Tenacity, Growth Mind-set, and Grit

by Uloma Harrison-Ikenwanze
5 months ago
The Power of Data in Today’s World
Columns

The Power of Data in Today’s World

by Blessing Chinyere Daniel
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

Recent News

I am ready to embrace Kwankwaso if he joins APC, says Ganduje

Nothing wrong with one-party state, says Ganduje

May 10, 2025
Stock market records 34 gainers, 33 losers and N313billion decline 

Stock market records 34 gainers, 33 losers and N313billion decline 

May 10, 2025
  • 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