Connect with us

Business

Terrorism: New Rules Restrict Passengers’ Movement

Published

on

Some airlines were telling passengers on Saturday that new government security regulations prohibit them from leaving their seats beginning an hour before landing

The regulations are a response to a suspected terrorism incident on Christmas Day.

Air Canada said in a statement that new rules imposed by the Transportation Security Administration limit on-board activities by passengers and crew in U.S. airspace. The airline said that during the final hour of flight passengers must remain seated. They won’t be allowed access to carryon baggage or to have any items on their laps.

Flight attendants on some domestic flights are informing passengers of similar rules. Passengers on a flight from New York to Tampa Saturday morning were also told they must remain in their seats and couldn’t have items in their laps, including laptops and pillows.

The TSA issued a security directive for U.S.-bound flights from overseas, according to a transportation security official who spoke on condition of anonymity because the official was not authorised to speak publicly.

The official said passengers travelling internationally could see increased security screening at gates and when they check their bags, as well as additional measures on flights such as stowing carryons and personal items before the plane lands.

Homeland Security Secretary Janet Napolitano said in a statement Saturday that passengers flying to the U.S. from overseas may notice extra security, but she said the measures “are designed to be unpredictable, so passengers should not expect to see the same thing everywhere.”

A Nigerian passenger on a Northwest Airlines flight from Amsterdam allegedly attempted to start a fire as the plane prepared to land in Detroit on Friday, according to authorities. The incident has sparked a major international terrorism investigation.

Air Canada said it was limiting passengers to one carryon bag in response to a request from the U.S. and Canadian governments.

The airline advised U.S.-bound passengers to restrict their carryon item to “the absolute minimum” or not to carry any bag on board at all.

“Carriage of any carryon item will result in lengthy security delays for the customer,” the airline said.

U.S.-bound flights on all airlines are experiencing significant delays, said Duncan Dee, Air Canada’s executive vice president and chief operating officer.

A spokeswoman with Infraero, a Brazilian government agency that oversees airport infrastructure, said that airlines had been asked by federal authorities to add another layer of security for international flights originating in the country after the attempted attack in the U.S.

The official, who spoke on condition of anonymity because she was not authorised to discuss the matter, said that passengers would face an extra screening that would take place just before they boarded planes. She would give no more details, citing security concerns.

David Castelveter, a spokesman for the Air Transport Association, said the domestic airline industry has been in close coordination with the security administration since Friday’s incident and there will be increased scrutiny of passengers. He declined to comment on whether new regulations have been put in place.

Print Friendly, PDF & Email
Continue Reading

Business

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

Published

on

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.

Print Friendly, PDF & Email
Continue Reading

Business

… Introduces TIES To Boost  Business Loan

Published

on

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.

Print Friendly, PDF & Email
Continue Reading

Business

CITN Applauds FG, Tax Authorities On Fiscal Policy Decisions

Published

on

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.

Print Friendly, PDF & Email
Continue Reading

Trending