Business
NAMA Discourages Air Traffic Delays
The Managing Director of the Nigerian Airspace Management Agency (NAMA) Alhaji Ibrahim Auyo has charged air navigation service providers to strive to reduce all forms of air traffic delays without degradation in air service quality.
Alhaji Auyo noted that efficiency in service delivery was sensitive to aviation system survival, stressing that efficiency in aviation was measured by the number of aircraft movements within a given unit of the airspace per unit time.
According to him, the Agency was expediting action on the on-going installations work on Port Harcourt and Kano centres including the augmentation stations that will impact significantly on the safety levels in the country’s airspace when completed. He further explained that the Agency within the past two years has been able to train over 100 officers on Terminal and Area Radar control courses in Miami, Florida as part of human capacity building and the workers to reciprocate the gesture by ensuring and insisting on high service quality delivery.
The President of Nigerian Air Traffic Controllers Association (NATCA) Jibrin Haske earlier at the 38th AGM described the non installation of associated approach and runway edge lights at the 182 of the Murtala Mahammed airport had made it impossible for optimal operations as flight cannot operate after sunset and during inclement weather conditions.
Haske said the lack of these navigational equipment has added to undue delays to traffic at the airport. The NATCA President stressed the need for training, retraining of personnel in 2020 based on the requirements and needs of the organization regardless of the expressed extraneous interest that abound by setting aside sentiments that will not help the growth of the organization.
According to him, developing massive training programme for ATC personnel in 2010 will make up for the gaps in the training programme over the years.
Sentiments should not be allowed to bear on an otherwise serious professional and technical decision that should be taken to ensure the safety and integrity of the Nigerian air navigation system which is the original mandate of the organization.”
The 38th AGM of the air traffic controllers had as its theme, Modern Trend in Professional Air Navigation provision: Identifying our core values for effifiency.
Business
Association Seeks Intervention to Save Domestic Airlines
Business
CBN Reforms Impact Consumers As Dollar Card Spending Limits Rise
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
Business
WEC: FG Inaugurates Governing Board … As Nigeria Rejoins Council
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.
