Economy
Aviation authority decries flight cancellations
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The acting Director General of the Nigeria Civil Aviation Authority, Chris Najomo, has expressed concern over the increasing rate of flight cancellations, saying not less than 190 flights were canceled within two months.
Najomo stated this while delivering his speech at the Airlines-NCAA engagement over the spate of flight disruptions in the country on Friday.
He disclosed that out of 5,291 flights operated in September 2024; 2,434 were delayed while 79 were cancelled.
The acting DG added that out of 5,513 flights operated in October 2024, 2791 were delayed while 111 flights were also cancelled.
He said, “Delays and cancellations are sometimes inevitable, but poor management of these disruptions is not. It is the responsibility of airlines to ensure that every disruption, whether due to operational, technical, or weather-related challenges, is handled with the utmost professionalism and regard for passengers’ rights.
“Our flight operations data record indicates that in September 2024, five thousand two hundred and ninety-one domestic flights were operated with 2,434 delays and 79 cancellations.
In October 2024 5513 flights were operated with 2,791 delays and 111 cancellations recorded.
“We must remind all operators of the NCAA Regulations on Passenger Rights during disruptions, as outlined in the Nigeria Civil Aviation (Consumer Protection) Regulations, 2023. These regulations are not optional; they are mandatory obligations.”
Speaking at the sideline of the event, Najomo also stated that he had been receiving phone calls from the presidency and members of the National Assembly over the unruly behaviours of passengers at the airport, mostly occasioned by flight disruptions/ cancellations, describing such as an embarrassment to Nigeria.
This was as the NCAA boss insisted that no stone would be left unturned in tackling the menace and restoring the sanctity of the Nigerian airports.
While asking the airlines to tidy their end of the air transport bargains, Najomo promised to meet with the Federal Airport Authority of Nigeria after which a fresh decisive decision on how to better tackle the development would be made.
He said, “The unruly behaviour of some passengers is fast becoming very disturbing, I am getting calls from the presidency and even the National Assembly. This unruly behavior is not good for our image as a country and we are resolute in putting a stop to it.
The aviation regulator who understood that flight cancellations and disruptions were mainly responsible for the unruly behaviours of passengers at the airports insisted that violence should, however, not be the next resolution.
Also expressing her dissatisfaction with the trend of unruly behaviours, the Managing Director of the FAAN, Olubunmi Kuku, said the agency was disturbed about the development at the airports.
Kuku said, “I have continued to harp on communication and engagement with the NCAA, FAAN, and the Airline Operators of Nigeria. I have also enjoined operators to ensure that they provide us with the right information.
“We have continued to tell the passengers to ensure that they provide their email addresses to the airlines so they can get information but if you do act like a criminal within the terminal building, you would be treated as one. We understand the plight of passengers but to start behaving in a manner that is demeaning to airline staff or the airport, we would prosecute or even put you on a no-flight list.”
The Black Market Dollar-to-Naira Exchange Rate for 19th July 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 19th July 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1425 and buy at ₦1412 on Sunday, 19th July, 2026, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1425
Buying Rate ₦1412
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1382
Lowest Rate ₦1378
The Nigeria Deposit Insurance Corporation has urged youths in Ibadan to embrace the habit of saving, saying that for a nation to be prosperous, its citizens must learn to build legitimate wealth through savings and then advance to investment.
The Assistant Director, Communication and Corporate Affairs, NDIC, Mr Adegbenga Fagbuyi, made the remarks while addressing students of Lagelu Grammar School, Ibadan, during the 2026 Financial Literacy Day.
Delivering his speech on “Smart Money,” Fagbuyi highlighted the importance of having basic knowledge of the financial system, making sound financial decisions, understanding the benefits of saving in banks, setting financial goals, maintaining financial discipline, and avoiding Ponzi schemes that promise high returns.
Fagbuyi said youths are among the major targets of the government’s financial inclusion drive, adding that the Financial Literacy Day formed part of activities marking Global Money Week, adopted by the Bankers’ Committee in Nigeria as a platform for mentoring youths on savings and investment.
He said, “The government wants everybody to be participants in the financial sector. But how can you be a participant if you don’t know how to save? How can you be a participant if you cannot convert your savings into an investment? So, most importantly, youths are one of the major targets of the financial inclusion drive of the government.”
Fagbuyi described financial inclusion as bringing everybody into the financial safety net by encouraging participation in banking, insurance, pensions, and the capital market.
He stressed that the government does not want youths to become adults who lack knowledge of safe banking practices, insurance, and the capital market.
“Government does not want them to grow old, to become adults who do not know about savings, safe banking habits, insurance, and the capital market. That is why we go to schools to sensitise students to all these basic financial matters, particularly savings, so that our students can begin to learn to save, learn credible investment habits through which they can be making legitimate income.
“We also educate them about the deposit insurance system administered by NDIC. When you save in banks, the banks are supervised and regulated. And if eventually they fail, you will not lose your money. That is what NDIC does,” Fagbuyi said.
He revealed that the sensitisation programme, which started about 10 years ago and is organised by the Bankers’ Committee, comprising the Central Bank of Nigeria, the Nigeria Deposit Insurance Corporation, and all the deposit money banks in Nigeria, has been held across states nationwide.
He said, “Minimum, every year, we go to 10 states. And we normally sensitise 200 students in each school. So this year, that means we are targeting 2,000 students.”
Fagbuyi, however, said the objective of the programme is not to cover all schools across the country but to set a standard for state governments and schools to replicate.
“But I must emphasise that the objective is not to cover all schools. It is to set a standard for state governments and for schools to replicate. You agree with me that we cannot be everywhere.
“But as a partner, as a key stakeholder in the financial inclusion drive of the federal government, we go to states to showcase what the government’s intention, so that states and schools can replicate. So it is on this note that we always urge states’ Ministries of Education, Science and Technology to replicate and expand these programmes across their respective states.”
In his address, the Oyo State Commissioner for Education, Science and Technology, Olusegun Olayiwola, represented by the Permanent Secretary, Education Inspectorate, Ibadan North, Alhaji Lukuman Kareem, commended the NDIC for selecting a school in Ibadan for the financial literacy sensitisation programme.
He noted that such initiatives must go beyond the classroom to shape young minds, adding that children cannot achieve expected outcomes unless they are properly guided.
“That’s why we significantly appreciate the efforts of the Bankers’ Committee, NDIC, the Central Bank of Nigeria, and all other members for this,” he said.
The commissioner charged the students to take the lessons seriously, noting that opportunities lost may not be easily regained. He also advised the NDIC to expand the programme to include students from neighbouring schools in future editions to maximise its impact without additional transportation costs.
Additionally, Olayiwola urged teachers to cascade the training to other students, who should in turn enlighten their siblings at home.
The event was attended by the Permanent Secretary, Education Inspectorate, Ibadan Zone 1, Alhaji Kareem Lukuman, who also represented the Commissioner for Education, Science and Technology, Olusegun Olayiwola; the Assistant Director, NDIC, Mr Adegbenga Fagbuyi; the Principal (Senior School), Lagelu Grammar School, Ibadan, Mr Adeyanju Gbolagade; the Principal (Junior School), Lagelu Grammar School, Mr Adebayo Taiwo; as well as teachers and students of the school.
The Black Market Dollar-to-Naira Exchange Rate for 16th July 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 16th July 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1420 and buy at ₦1405 on Thursday, 16th July, 2026, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1420
Buying Rate ₦1405
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1384
Lowest Rate ₦1379
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