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Lawmakers Seek Laptops Ban In Airliner Cockpits

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Lawmakers are moving to ban the use of computer laptops and other personal electronic devices in airline cockpits to prevent another incident like the Northwest Airlines plane that overshot Minneapolis by 150 miles.
Sen. Byron Dorgan, chairman of the aviation subcommittee, said in an interview that his staff is working on a bill that he expects to introduce in about a week. He said he was surprised to learn after the October 21 incident that the Federal Aviation Administration doesn’t specifically prohibit pilots from using laptops, DVD players, MP3 players and other devices during flight except below 10,000 feet while the plane is taking off or landing.
The two pilots of Northwest Flight 188 told National Transportation Safety Board investigators that they didn’t notice repeated attempts by air traffic controllers and airline dispatchers to contact them because they were working on a new crew scheduling programme on their laptops. The plane carrying 144 passengers was out of communication with anyone on the ground for 91 minutes, prompting the military to ready fighter jets for launch and the White House situation room to alert senior White House officials.
The plane zoomed past its Minneapolis destination before the pilots were alerted to their situation by a flight attendant. By that time, the plane was over Wisconsin.
“We now understand from this flight at least that this can happen and there ought to be a more clear understanding by everyone in the cockpit that there is a national standard that would prohibit this and that they need to take it seriously,” said Dorgan, D-N.D.
Delta Air Lines, which acquired Northwest last year, has a policy prohibiting the use of personal laptops by pilots during flight. The airline has suspended the two pilots — Timothy Cheney of Gig Harbor, Wash., the captain, and Richard Cole of Salem, Ore., the first officer — pending an investigation. The FAA has revoked the pilots’ licenses, and the NTSB is investigating the cause of the incident.
Dorgan said he expects his proposal to eventually be wrapped into a larger aviation bill pending before the Senate. He also said he doesn’t anticipate any opposition to the measure.
Sen. Robert Menendez, D-N.J., has also said he wants to introduce legislation to prohibit pilots from using laptops and other personal devices during flight, and several other senators expressed support for a ban at a hearing last week.
Dorgan said his bill will make an exception for “electronic flight bags” — laptops containing navigational tools issued to pilots by some airlines.

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NSE Begins Week On Negative Note, Loses N19.49bn

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The Nigerian stock market began the week on a negative note as banking and consumer goods stocks, among others, triggered a N19.49bn loss.
At the end of trading on the floor of the Nigerian  Exchange Limited , the NGX All-Share Index dropped by 0.09 per cent to end at 43,270.94 basis points, while the market capitalisation declined to N22.58tn.
Market activities were mixed as the total volume of shares traded decreased by 30.19 per cent while the value traded rose by 34.05 per cent.
A total of 213.13 million shares valued at N2.36bn were exchanged in 4,105 deals, compared to 305.32 million shares worth N3.58bn in 4,450 deals last Friday.
FCMB Group Plc topped the traded stocks in terms of volume, accounting for 27.43 per cent of the total volume of trades while Airtel Africa Plc emerged as the most traded stock by value, representing 28.81 per cent of the total value of trades on the exchange.
14 firms gained compared to 21 losers.
AIICO Insurance Plc was the biggest gainer for the day, topping the gainers’ chart with a price appreciation of 8.57 per cent to N0.76 per share.
It was followed by LivingTrust Mortgage Bank Plc with a rise of 7.95 per cent, ending the day at N0.95 per share.
Analysing by sectors, three of the five major indices closed lower, led by NGX Oil & Gas (-0.56 per cent), NGX Consumer Goods (-0.23 per cent) and NGX Banking (0.18 per cent).
But the insurance (0.82 per cent) and industrial goods (0.002 per cent) indices gained at the end of trading.

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… Introduces TIES To Boost  Business Loan

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The Central Bank of Nigeria (CBN) has introduced the Tertiary Institutions Entrepreneurship Scheme (TIES), which provides undergraduates and graduates with a platform to access loans.
The TIES’ underlying aim is to provide access to capital for Nigerian undergraduates and graduates with innovative entrepreneurial and technological ideas from polytechnics and universities.
TIES intends to shift undergraduates and graduates away from white-collar job pursuits and towards a culture of entrepreneurship development for economic development and job creation.
In a national biennial entrepreneurship competition, the Developmental Component would be distributed in the form of awards to Nigerian polytechnics and universities.
The competition aims to increase undergraduates’ awareness and visibility of high-impact entrepreneurial/technological concepts, foster entrepreneurial talent hunts in Nigerian polytechnics and universities, and encourage commercially viable and transformative technologies.
Interested Nigerian polytechnics and universities shall apply to participate in the national biennial entrepreneurship competition on a dedicated online portal.
Outlining brief details of the project, potential impact and evidence of originality of project, CBN said it is an innovation for students entrepreneurs.

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CITN Applauds FG, Tax Authorities On Fiscal Policy Decisions

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The Chartered Institute of Taxation of Nigeria (CITN) has lauded the Federal Government and tax authorities on the giant strides made on fiscal policy decisions and tax administration measures initiated this year in the area of Finance Act 2021 and the introduction of TaxPromax solution.
President of the institute, Adesina Adedayo, who gave the commendation at the institute’s yearly award ceremony at the weekend in Lagos, assured the government and tax authorities of aligning with the measures and promised to provide professional thoughts and insights on ways through which they could achieve an efficient and effective Nigerian tax system.
Adedayo emphasised the need to address the database, adding that without knowing who the tax-payers are, there is no way they can take money from unknown tax-payers.
Database is the aspect we have been emphasising on as an institute and in doing this, there are so many of pockets of data we have. All the data must be harmonised to have a simple unique tax-payers identification number,” he said.

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