Breaking: FG Lifts Suspension On Arik Air Operations
<div><img width="300" height="157" src="https://www.naijanews.com/wp-content/uploads/2017/08/Arik-airline-1-300x157.jpg" class="attachment-medium size-medium wp-post-image" alt="Just In: Keyamo Grounds Arik Air Fleet Till Further Notice" style="margin-bottom: 15px;" decoding="async" srcset="https://www.naijanews.com/wp-content/uploads/2017/08/Arik-airline-1-300x157.jpg 300w, https://www.naijanews.com/wp-content/uploads/2017/08/Arik-airline-1.jpg 600w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>The Federal Government has lifted the suspension on the operations of local airline, Arik Air. This comes more than a week after the Minister of Aviation and Aerospace Development, Festus Keyamo, ordered that the operations of the airline be grounded until further notice. Naija News reported that the decision to ground Arik Airlines follows an […]</p>
<p>The post <a href="https://www.naijanews.com/2024/08/08/breaking-fg-lifts-suspension-on-arik-air-operations/">Breaking: FG Lifts Suspension On Arik Air Operations</a> appeared first on <a href="https://www.naijanews.com">Naija News</a>.</p>
The Federal Government has lifted the suspension on the operations of local airline, Arik Air.
This comes more than a week after the Minister of Aviation and Aerospace Development, Festus Keyamo, ordered that the operations of the airline be grounded until further notice.
Naija News reported that the decision to ground Arik Airlines follows an order from the enforcement department of the Federal Capital Territory (FCT) High Court due to an outstanding debt of $2.5 million by the airline.
Confirming the suspension, the chief executive officer, Arik Air (in Receivership), Roy Ilegbodu, expressed disappointment with the Minister’s decision over the airline.
According to him, grounding the airline’s operations is a devastating blow that would negatively impact the passengers, the company, and the Nigerian economy.
Ilegbodu added that Keyamo’s directive is in violation of court processes and, therefore urged the Minister to reconsider the directive.
However, Keyamo on Thursday gave a directive that the suspension of Arik Air should be lifted.
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<p><img width="1000" height="600" src="https://www.naijanews.com/wp-content/uploads/2023/05/Indomie-Noodles-1000x600.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Indomie: NAFDAC Issues Fresh Verdict On Consumption Of Noodles" decoding="async" fetchpriority="high" srcset="https://www.naijanews.com/wp-content/uploads/2023/05/Indomie-Noodles-1000x600.jpg 1000w, https://www.naijanews.com/wp-content/uploads/2023/05/Indomie-Noodles-590x354.jpg 590w, https://www.naijanews.com/wp-content/uploads/2023/05/Indomie-Noodles-400x240.jpg 400w" sizes="(max-width: 1000px) 100vw, 1000px" /></p>
<h2>Recent checks by Naija News have indicated a notable drop in the price of <a href="https://naijanews.com/topic/indomie/">Indomie noodles</a>, a staple food item consumed by many Nigerians.</h2>
<p><strong>Naija News</strong> reports that this price reduction marks the second decrease within the week, <a href="https://www.naijanews.com/2024/03/13/prices-of-indomie-sugar-rice-beans-other-food-items-drop/">following an initial dip</a>, as the Nigerian Naira gains strength against the US dollar.</p>
<p>Upon assuming office, President Tinubu made the significant decision to eliminate the fuel subsidy, leading to a dramatic increase in fuel prices from approximately N189 per litre to over N600.</p>
<p>This decision, while aimed at stabilizing the country's economic landscape, initially contributed to a sharp rise in inflation, affecting prices across a broad spectrum of commodities, including essential food items like noodles, rice, and other kitchen staples.</p>
<p>The resultant financial strain has impacted Nigerian households, making bulk purchases of such necessities increasingly challenging.</p>
<p>However, a recent turn of events has seen a slight alleviation in these pressures, with the Naira's appreciation against the dollar reducing the prices of various commodities.</p>
<p>Specifically, the price of a carton of Indomie noodles has further declined.</p>
<p>The Indomie Super Pack, previously priced at N14,700, is now available for N12,000. Similarly, the regular chicken flavour pack, once sold for N8,900, has dropped to N7,500.</p>
<p><strong>The current prices for different Indomie variants are as follows:</strong></p>
<p>Indomitables: N7,500<br />
Onions: N8,100<br />
Superpack: N12,200<br />
Hungryman: N11,200<br />
Belleful: N11,500</p>
<p>The post <a href="https://www.naijanews.com/2024/03/27/current-carton-price-of-noodles-as-naira-continues-to-rise-against-the-dollar/">Current Carton Price Of Noodles As Naira Continues To Rise Against The Dollar</a> appeared first on <a href="https://www.naijanews.com">Naija News</a>.</p>
