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Nwugo To Address AU Summit

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sandra nwugo femaz

Managing Director/CEO of Femaz Micro Finance Bank, Dr (Mrs) Sandra Nwugo, has been billed to address the African Fashion Business Summit scheduled for September 13–15, 2016 at the African Union Headquarters in Addis Ababa, Ethiopia.

Dr Nwugo will join other business leaders from around the world to address practitioners in the fashion, garment and textile industry from over 30 African countries.

The African Fashion Business Summit is one of the activities lined up during the Africa Fashion Reception after which all participating countries will be presented to the international audience in Paris in October.

The theme for the Summit is ‘Creating Wealth for African Economies through its Fashion, Garment and Textile Industry’.

The Africa Fashion Reception is a Pan African Initiative organized by Legendary Gold in partnership with the African Union. This year’s event will gather fashion designers, dignitaries, Ambassadors and media from over 30 African countries, in a celebration of cultural diversity expressed through the artistic fashion discipline with the proud theme ‘Africa is the New Inspiration of Global Fashion’

The Africa Fashion Reception is aimed at achieving the following objectives using the creative industry of Fashion as a vehicle:

To build bridges by creating free trade and partnerships among fashion practitioners throughout the African continent

To attract global attention to Africa’s very rich and diversified dress culture which can be explored as a catalyst for the social economic growth of the continent’s garment/textile industry.

To expand the potential power of fashion as a tool of fighting poverty in Africa by creating wealth through the empowerment of women and youths in the various fashion vocations through training, capacity building schemes, workshops and setting up of medium/small scale businesses thereby supporting the United Nations Sustainable Development Goals and the African Union Agenda 2063

To bring about self-reliance as this initiative will create millions of jobs across the continent for Tailors, Creative Directors, Textile designers, Models, Cutters, Pressers, Fashion Photographers & Writers, Hair Stylists, Make-up Artists etc

The 1st edition of the Africa Fashion Reception presented participants from 16 African countries. The 2nd edition saw participants from 24 countries. This year, participants are expected from over 30 countries.

The invitation of Dr Nwugo to address the African Fashion Business Summit by the African Union is due to her enviable trail blazing achievements with her bank, Femaz Micro Finance Bank where she has been able to create lots of jobs through the empowerment of women and youths. Her topic of address during the summit is ‘The role of Microfinance bank in creating wealth for SMEs in the fashion industry.’

Dr Nwugo is an entrepreneur, banker, motivational speaker and a filmmaker. She began her banking career as an accountant with ECN Professional Services in Lagos State.

She later joined Joinder Gas and Petroleum Company, also in Lagos, where she worked as a Cash manager. She joined Fortis Microfinance bank in 2010 as a Relationship Manager and Cash Collector in charge of cash movement and customer management.

She displayed her entrepreneurial skills in 2013 when she founded the financial institution known as Femaz Cooperative Society Ltd. Two years later, the institution evolved to Femaz Microfinance Bank Ltd.

Besides being the CEO/MD of Femaz Micro Finance bank, Dr Nwugo is also the founder of Busy Minds Entertainment Limited and Esther City of Zion Orphanage in Abuja, Nigeria.

She has a PHD in Philosophy from Global Oved Dei Seminary & University {GODSU} in Washington DC, MBA in Marketing, Post Graduate Diploma in Banking and Finance and a Bachelor degree in Mass Communication from Enugu State University.

She has received the following awards – the Capital Territory and Advancement Award for Creativity and Enterprises (2015), Excellence for Women Empowerment and Entrepreneurship Award, Young CEO Business Award, Capital City Role Model and Awards (2015). She is also a member of Chartered Institute of Bankers of Nigeria (CIBN).

Her prowess as an outstanding entrepreneur and philanthropic gestures spread across the Nation. More elaborately, Dr Nwugo has been engaged in so many humanitarian projects such as the Establishment of Esther Zion Orphanage, Abuja Nigeria, Human Capital Development through her Femaz Microfinance Bank, Media Campaign for support to vulnerable children as seen in her movie “REVELATION” produced in 2014 etc.

To applaud all her efforts, she has been nominated for lots of other awards due to her Humanitarian Acts and Excellence in business. Dr Nwugo has won a number of Awards including African Achievers Award as fastest Growing entrepreneur on the 25th of July 2015.

She is happily married to Dr Engr Henry Emeka Nwugo and blessed with three children.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Airlines Face Fresh Turbulence Over Jet Fuel Scarcity

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Jet Fuel Scarcity

By Adedapo Adesanya

The National Association of Aircraft Pilots and Engineers (NAAPE) has revealed that Nigerian airlines are battling a severe jet fuel crisis, triggered by soaring jet fuel prices and supply shortages.

This is the latest blow to the aviation industry, which escaped an industrial action by airline operators over the price of jet fuel.

The latest development is increasing costs, disrupting flights and creating concerns about operational safety and sustainability.

According to Reuters, the persistent scarcity of jet fuel has triggered ⁠widespread operational challenges, including flight delays, route adjustments and extended crew duty periods, as airlines struggle to manage schedules amid rising costs.

According to the President of the association, Captain Bunmi Gindeh, the fuel shortages were pushing crews beyond planned limits, increasing fatigue and potentially eroding safety margins in an industry governed by strict rest regulations.

According to local carrier Rano Air, it revealed that jet fuel prices had more than quadrupled, as well as made some routes commercially unsustainable, forcing operational adjustments.

Other carriers have also begun rescheduling or cancelling flights and cutting unprofitable routes, industry ‌sources ⁠cited by Reuters said.

This comes at a difficult time for Nigeria’s aviation sector, already strained by foreign-exchange volatility, high aircraft maintenance costs, airport infrastructure strains and fuel price swings.

Airlines group, Airline Operators of Nigeria (AON), last month threatened to suspend operations over what they described as crippling and artificially inflated jet fuel prices.

Nigeria’s airline industry carries millions ⁠of passengers annually across an extensive domestic network and plays a critical role in connecting cities where road travel is often slow or insecure, making reliable air services economically and socially important.

The publication reported that the Nigerian Midstream ⁠and Downstream Petroleum Regulatory Authority (NMDPRA) has said fuel prices would not be capped, adding that any decisions on deregulated products would be formally communicated.

The crisis is worsening existing problems in Nigeria’s aviation sector, including forex instability, expensive aircraft maintenance and weak infrastructure.

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FG Unveils Leasing Initiative to Cut Airlines’ Fleet Acquisition Costs

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By Adedapo Adesanya

The federal government has approved the establishment of a national aircraft leasing company aimed at easing access to modern fleets for domestic airlines and transforming aviation financing in Nigeria.

The minister of aviation and aerospace development, Mr Festus Keyamo, announced the decision after a meeting of the Federal Executive Council (FEC), describing the move as a significant shift in how Nigerian carriers will acquire and finance aircraft.

Mr Keyamo said the proposed company would operate as a private-sector-driven Special Purpose Vehicle (SPV) with government backing.

“This initiative is a game-changer for our aviation industry. It eliminates the long-standing challenges Nigerian airlines face in accessing aircraft on competitive terms and positions the country as a hub for aviation financing in Africa,” he said.

According to the minister, the new platform will allow airlines to source aircraft through a centralised system, replacing the current model where operators negotiate individually with international lessors, often at higher costs and stricter terms.

Mr Keyamo noted that the government’s role would be largely supportive, providing sovereign guarantees to boost investor confidence, while private sector players drive the project.

“Through the Ministry of Finance Incorporated, the government will hold equity and earn revenue without direct financial investment. Our primary obligation is to provide the confidence investors need, especially in ensuring asset security,” he added.

The initiative, he said, has already begun attracting interest from both local and international investors, signalling early confidence in its viability.

Beyond supporting Nigerian carriers, the leasing company is also expected to extend services across West Africa and the broader continent, positioning Nigeria as a regional hub for aircraft leasing.

Airlines in Nigeria have come into focus in recent weeks due to renewed concerns over the financial sustainability of operators, which almost forced them to suspend operations last month. However, the Bola Tinubu-led government approved a 30 per cent relief on debts owed by local ‌airlines to aviation agencies and ordered talks involving fuel marketers, airlines, and ​regulators to reach a ​fair jet fuel price.

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Passengers to Enjoy Starlink Wi-Fi on Emirates’ Flagship A380

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Emirates A380 Starlink

By Aduragbemi Omiyale

Air travellers flying through Emirates will enjoy Starlink Wi-Fi onboard after the completion of the installation of the internet service on the company’s flagship A380.

The introduction of Starlink on the A380 builds on Emirates’ ongoing investment into redefining the customer journey, including one of the most ambitious retrofit programmes in aviation history.

The airline operator recently test-run this on a flight to Dubai, and it allowed passengers to enjoy seamless broadband while flying at 40,000 feet.

The Emirates A380 was one of the first commercial aircraft in the world to offer internet to its customers, with first-generation systems offering a total aircraft bandwidth of less than 1 Mbps. The installation and certification were accomplished in Newquay, UK.

With more A380s scheduled for accelerated installation throughout 2026, Emirates customers will soon enjoy a transformative leap in onboard connectivity with the ability to stream, game, browse, and work throughout their journey on personal devices.

The service will be complimentary for all customers, across all cabins, with easy sign-up and access. Future enhancements will include Live TV streaming over Starlink, initially on personal devices and later integrated into seatback screens.

So far, more than 650,000 Emirates customers have already flown on Starlink‑equipped flights, experiencing the benefits of next‑generation onboard connectivity firsthand.

As the world’s largest passenger aircraft, the A380 presents unique engineering challenges and opportunities. This industry-first Starlink configuration is designed to meet the demands of the A380’s ‘double-decker’ layout and high passenger capacity and is capable of delivering more than 2 Gbps of total aircraft bandwidth across the cabin.

Compared with the Emirates Boeing 777, the Emirates A380 features additional wireless access points and a third antenna to deliver an enhanced connectivity experience for its higher passenger capacity. Optimised inter‑deck integration supports a seamless Wi‑Fi experience, with customers able to enjoy high speeds depending on usage and device capability.

Starlink installations will soon begin at Emirates Engineering facilities in Dubai to accelerate deployment across the fleet.

Emirates is committed to bringing the best possible connectivity to its entire fleet at the earliest opportunity, with 25 Boeing 777-300ER aircraft already equipped with Starlink and the first A380 now joining service.

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