CopterJet to Position Nigeria’s Aviation Sector as Global Powerhouse

By Adedapo Adesanya Flutterwave has joined the International Air Transport Association’s (IATA) payment orchestration platform to facilitate travel-related payments easily to sub-Saharan Africa. With this integration, airlines worldwide can process customer payments through cards, bank transfers, mobile money, alternative payment methods and other payment modes available on Flutterwave. IATA Financial Gateway (IFG) is an omnichannel payment orchestration and management platform fully dedicated to the airline industry. It has been designed to allow airlines to receive local payments from local markets through all their distribution channels. IATA has some 290 international airlines; this partnership enables them to easily expand their operations

By Adedapo Adesanya The Minister of Transportation, Mr Saidu Alkali, inaugurated the first cargo movement from the Lagos-Ibadan rail corridor during his first official tour of the rail corridor on Tuesday. This effort is expected to decongest the Apapa port as shippers moved 92.28 per cent of Nigeria’s total exports and 60.77 per cent of imports through the facility in the first quarter of 2022 (Q1’22), according to the latest available data. The Minister kicked off the tour at the Ebute Meta station before proceeding to Apapa for the launch, then travelled to Ibadan using the 157 km rail corridor.

By Adedapo Adesanya  Global mobility and urban services platform, inDrive, has launched the first-of-its-kind in South Africa known as name your price freight service – inDrive.Freight, targeting the needs of small businesses and individuals. In a statement, the California-headquartered company said inDrive.Freight offers a comprehensive range of non-liquid freight transportation solutions, whether it’s the delivery of small parcels or large shipments. The service also aims to deliver reliability and efficiency for last-mile in-city routes, with same-day delivery available on demand. The service will launch in the South African cities of Cape Town and Johannesburg, a move the company said signifies

By Adedapo Adesanya The Nigeria Civil Aviation Authority (NCAA) has urged airlines and other service providers in the subsector to comply with the Nigerian Civil Aviation Regulations (Nig. CARs) 2022 on insurance cover. This was disclosed by NCAA Director-General, Mr Musa Nuhu, in a directive contained in an all operators letter, referenced NCAA/DG/AIR/11/16/369 signed August 11, 2023, was addressed to all airlines and allied aviation service providers. According to the NCAA DG, the need for compliance is a sequel to the coming into force of Nig. CARs 2022 on 10th July, 2023 which makes it mandatory for all airlines to

By Investors Hub Asian stocks fell on Wednesday to extend recent losses as investors continued to fret about trade tensions and the turbulence in emerging markets, with South Africa slipping into a recession for the first time since 2009. A cautious undertone prevailed after a threat by the United States to impose tariffs on another $200 billion worth of Chinese imports as soon as a public-comment period ends on Thursday. China?s Shanghai Composite Index tumbled 46.24 points or 1.7 percent to 2,704.34, while Hong Kong’s Hang Seng Index plunged 729.49 points or 2.6 percent to 27,243.85. Activity in China?s service

By Dipo Olowookere A new banking product that will help small and medium scale enterprises save on cost and optimize their business margins/revenues has been introduced by Stanbic IBTC Bank, a member of Stanbic IBTC Holdings Plc. Called Biz-Smart Account, the new product makes it possible for business owners to open and operate the account without paying maintenance fees and other related charges. The Biz-Smart Account is a hybrid current naira account specially tailored to enterprises and offers the unique features of both a savings and current account. It was developed to help enterprises reduce to the barest minimum the

By Adeniyi Ogunfowoke You must have heard road mishaps that happened because the driver slept off while driving. These calamities usually happen after only a few seconds winks. There are other circumstances whereby, the driver sleeps briefly in traffic only to be woken up by the irrational honking of fellow road users. This is a frequent occurrence in Lagos traffic. The reason for this is not farfetched. It is because many Nigerians don’t sleep. You arrive home after a long night indulgence at a hotel in Lagos yet, you have to drive to Abeokuta the following day. Not to worry.

By Investors Hub Asian stocks ended broadly higher on Friday as investors awaited the U.S. jobs report later in the day for clues about the outlook for interest rates. Trading volumes remained light across the region amid a holiday in the U.S. overnight for Independence Day. The jobs report could determine if the Federal Reserve cuts rates later this month to shore up the world’s largest economy as trade tensions escalate. China’s Shanghai Composite Index rose 5.81 points or 0.2 percent to 3,011.06, reversing early losses. Hong Kong’s Hang Seng Index ended marginally lower at 28,774.83. Japanese shares rose in

By Dipo Olowookere The price of one Bitcoin will reach $20,000 before tanking, a financial expert in London has told Bloomberg TV. Michael Spencer, who is the CEO of NEX Group Plc, made this submission and he said this would be achieved very soon. Lately, there has been a surge in the price of the cryptocurrency, hitting over $11,000 last week at the market. On Monday, December 4, 2017, a Bitcoin was exchanged at about $11,323 (N4.2 million). However, just like other analysts and observers of the cryptocurrencies, Mr Spencer believes that the Bitcoin is a bubble. He told Bloomberg

By Adedapo Adesanya The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has finalised plans to create the Furniture and Wood Enterprise Cluster that will reduce the dependence of Nigeria on furniture imports into the country. According to the Director General of SMEDAN, Mr Dikko Umaru Radda, this step was part of the agency’s plans to ensure the provision of many Nigerians with local and adequate quality furniture and also see the end of frequent trips to Italy, Turkey and other countries for the products. Mr Radda also said the creation of the cluster will help boost foreign exchange

By Dipo Olowookere The Head of Gastroenterology and Hepatitis Unit at the Department of Medicine, Lagos State University Teaching Hospital (LASUTH), Dr Charles Onyekwere, has called on the government to make treatment of hepatitis affordable. The health expert made this call at a webinar held on Monday, July 27, 2020, to mark the 2020 World Hepatitis Day themed Find the Missing Millions. Dr Onyekwere, while detailing the essence of the worldwide recognition for the day, said it’s a call on the people from across the world to take action and raise awareness towards a hepatitis free future. He further noted