Monday, October 20, 2025
24.1 C
Lagos

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

L-R:    Michael Ani, Manager, Investor Relations, Dangote Cement; Oluseyi...

Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

L-R:    Michael Ani, Manager, Investor Relations, Dangote Cement; Oluseyi...

Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Emirates – A Flight of Fortune

The story of Emirates is no less fascinating each time it’s told – and it has been, many times around the world. Dubai’s quest to have its own international airline, the cheque for 10 million US dollars from Sheikh Mohammed bin Rashid Al Maktoum, the two leased aircraft and the small team that established an airline of the highest order.
Many still marvel at what Emirates has achieved in 26 years, since the first flight to Karachi took off on October 25th, 1985 from a relatively rudimentary Dubai airport. Under the chairmanship of HH Sheikh Ahmed bin Saeed Al-Maktoum, it is a story of collective wisdom, forensic planning and the boldness to create an airline that would help create an inspiring modern city, snatched from the desert. The growth of Dubai and Emirates went hand in hand and they still do to this day.

With a fleet of 164 modern, wide-bodied aircraft, and a new plane arriving roughly every four weeks, the airline currently flies to 116 destinations in six continents, from its international hub of Dubai. Emirates’ standing is so much more than an airline. The company has evolved into a travel and tourism operation on a colossal scale, straddling numerous divisions and propelled forward under the umbrella of the Emirates Group.


The impressive portfolio includes Dubai’s household name of dnata, the successful supplier of air travel services, and many other entities, such as Emirates SkyCargo, Emirates Hotels & Resorts, Skywards and Emirates Aviation College. In all, there are more than 40 brands, employing 56,768 people.
In the 2010/11 financial year, The Emirates Group has marked its 25th consecutive year of profit with a record performance of AED 5.9 billion (US$ 1.6 billion) net profit, despite a challenging business climate. Wholly-owned by the government of Dubai, Emirates is often asked about the secret of its success. A passion to be the very best, innovation, a strong management team and astute cost consciousness are amongst the factors that have played an important role.
This approach has led to an array of product offerings such as the extremely popular onboard ice system, loaded with hundreds of entertainment channels on demand, and a host of industry firsts. In March 2008, Emirates announced it was the first airline in the world to enable passengers to make authorised onboard mobile phone calls a mile in the sky.
Sometimes rivals have accused Emirates of receiving subsidies. We wish that was the case, but the carrier receives no financial assistance from the government of Dubai and is subject to the same market forces as those who stand in awe. Despite this, and jostling in arguably the most competitive industry in the world, Emirates has enjoyed double digit profits for the past 23-odd years.
All Emirates’ frontline facilities, including the massive Emirates Engineering Centre are now equipped to handle the Airbus A380, 71 of which are on order. The airline’s total order book numbers 241 aircraft valued at over 84 billion US dollars – not bad for an airline that began with two leased aircraft – a Boeing 737 and an Airbus 300 B4.
We will continue to weave high quality training into the fabric of this potent brand and lead with indomitable energy and vision. We realise the world has grown to expect it.

Hot this week

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Stanbic IBTC Bank, LOXEA BYD forge alliance for Electric Vehicle Financing

In a strategic move to advance Nigeria’s shift toward...

CBN, Bank of Angola Sign MoU on Technical Co-operation at IMF/World Bank Meeting

In an effort to enhance bilateral cooperation and technical...

NBS: Nigeria’s Inflation Falls to 18.02% in September, Lowest Level in Three Years

Nigeria’s headline inflation rate fell for the sixth consecutive...

NUPEMCO Marks 2025 CSW with Nationwide Pension Awareness Activities, Huawei-Supported National Essay competition

The Nigerian University Pension Management Company (NUPEMCO) celebrated the...

Topics

Mark Zuckerberg: The Future of Facebook is Telepathy

Mark Zuckerberg just dropped a big clue about Facebook's future. The social network's founder and CEO believes that one day, we'll be able to share our thoughts directly -- brain to brain --using technology. "You'll just be able to think of something and your friends will immediately be able to experience it too if you'd like," Zuckerberg said. "This would be the ultimate communication technology." He made his comments during a public Q&A session on hisFacebook (FB, Tech30) page on Tuesday afternoon. The response was addressed to a user who asked about Facebook's long-term plans. In the past decade, the company has expanded the way users communicate on the platform. First there were plain profile pages. Next came comments, and then the Wall, Likes, Groups and News Feed.

Universal, Guinea, Norrenberger Excite Stakeholders With Innovative Products, Excellent Service Delivery

Poised to increase insurance uptake and deepen insurance penetration...

CashlessAfrica Expo 2017 for March 22

The CashlessAfrica expo gathers more than 35 speakers and...

MTN Plans Exit from Nigeria

MTN may exit the Nigerian market over what it...

N1bn Debt: Nigerian Braiding Firm to Continue Operations– AMCON

Contrary to some sponsored fake news regarding the fate...

Pension: New Compliance EXCO to Address Industry Challenges

The newly elected compliance executives of the pension industry...

Fidelity Bank Set to Host 2 Days of Family Entertainment

In the spirit of the Yuletide, leading financial institution,...
Exit mobile version