General News
Security, Finance Remain Challenges for Aviation-Oni

Akin Oni is managing director, Bristow Helicopters (Nigeria), a company that has operated in West Africa for more than 50 years, primarily providing crew transport services to offshore drilling rigs and production platforms in the Niger Delta area.
Oni has been in the industry for nearly three decades; having started as an aircraft engineer and then went into the flight line.
He is good manager of men and resources and speaks very passionately about the industry and other issues in this interview with ken nwogbo.
Rebuilding the Aviation Industry from Your Perspective
Specifically, to the industry, things we could not do twenty years, we are beginning to do them now.
We all know the infrastructure challenge; people see it more in buildings, especially passenger terminals, but there are other infrastructural issues within the terminals.
Does the toilet work? Do I have to wait for hours for my bag to go through the process?
They are basic airport infrastructure. Recently, people expressed concern about the runway light.
Again, that is a challenge in being 10-15 years behind in developing the sector.
So, the progress should be to meet the next target and not for the challenge to catch up with the existing problems thereby dilapidating again.
In the context of our own industry which is more in the oil and gas, we have seen improvements made in airports’ comforts in Port Harcourt and in Lagos the Federal Airport Authority of Nigeria (Faan) is really driving the interest.
And we are not lagging behind in developing the Nigerian airspace.
Last year we spent amount in the region of $7 million developing facilities in Port Harcourt.
We bought a new hanger. And we plan to invest another $4 million in another hanger still in Port Harcourt.
That is because of the level of confidence we have. We are extending our ramp in Port Harcourt; and we are looking for more lands to extend our terminal.
So we are talking to the airport authorities in Port Harcourt to lease more lands. And we are looking forward to build a bigger terminal and bigger facilities to handle the level of work that we see.
There, I see a lot of opportunities.
Thinking Security while Expanding and Growing Market Share
Security remains a huge cost for us. The reason for that is we are scared because of the happenings up North.
And people believe somebody may attempt to do something down side.
So, if you look at our facility in Port Harcourt today, we have tightened up security; we have several baggage scanners and metal detectors.
We don’t have those things before. You don’t just buy two, you have to acquire four.
We had to enroll more people, and security checks at different points before one boards the aircraft.
So, substantial amount of money goes into security on monthly basis. We acknowledge that this is the situation in Nigeria today and the reality in the world generally.
Fortunately, when the late President made that decision (of granting Amnesty to militants), he made a huge change in Nigeria which has not been fully recognized out there.
Without that, today, we probably will not be operating in Port Harcourt neither could companies be in operation in Warri.
It would have been extremely difficult for anybody to get anything done.
Amnesty made a huge difference to Nigeria and it is a pity that nobody sat down to quantify the impact.
The programme made Port Harcourt become the vibrant place it used to be. Although I haven’t seen much in Warri but it will happen.
We certainly feel it; I can go to Port Harcourt, we can move around, previously we couldn’t. They were in the bus and went in-between the accommodation which was heavily fortified.
We have seen that change, but could that have happened without the amnesty, Impossible; you would have been receiving bullets in aircrafts by now.
Level of Nigerian Content Implementation
We want the industry to get to appreciable level of Nigerian content we needed. We are talking about ownership of the assets, what they are beginning to do is that they are building pipes in the industry, plants, but we can more even if it is assembling the Helicopter.
Building an Aircraft in Nigeria
The only way I could see that happen is in sort of joint venture. We are talking about 30 aircrafts to be bought, but we can use that start an assembling plant.
Even if it the very basic aircraft. That way, we set standard for aircraft to be used in Nigeria. If buying the 30 aircraft is true, I would insist that we use the platform to put something on ground here, because we learn in that process.
And the multiplier effects that the people are going to enjoy.
Capacity to Build Aircraft in Nigeria
We don’t have the people. Let’s be frank to ourselves. There are a lot of reports in aviation circles on building maintenance facilitate in Nigeria to work on large aircrafts, but we do not have the people to support that maintenance facility.
I said that because we invested here and with the number of people that we have trained. Every other investor knows how much we spend in this area.
We spend a lot at Zaria training pilots. This year it is $8 million on people going out to attend training and retraining; our pilots are attending course on helicopter taxiing and operation. So, that one side of it and if I look at the number of Nigeria who are involved on that, at the moment we have 18 Nigerians in Zaria undergoing training.
If we open a maintenance hangar today, the only way we can make that work is increasing experts. Yes, we have to start somewhere, but we have to bridge that gap. There have to be aggressive courses to ensure Nigerians are trained in that process.
Crop of Experts in the Era of Nigerian Airways
They are aged. Some who were lucky left the shores of the country, especially those below the age of 60.
By Implication, At a Time Nigeria Stopped Training Pilots
That is the fact. And everybody attests to that fact, because everybody stopped. I went through the training school in 1987.
If you look at the young pilots today, they could not learn from the expertise of the crop of experts then.
Thus, we effectively cut off a large chunk of the society of those who could do the job but cannot afford the cost of bottom-line training.
For us it costs about $250,000 to train a pilot and the Helicopter is more expensive.
And how many families can afford to take a chunk of $150,000 to train a child?
In Nigeria, we have sponsored people to get trained in Zaria and to other parts of the world.
But the then Nigerian Airways pilots, they were trained under the government’s scholarship programme.
How About Losing Pilots to Other Competition
I don’t mind losing expatriate pilots. It is painful. So, if I lose a Nigerian-trained pilot that is almost like a knife in my back. And we lost many to competition, but presently that has been taken care of.
We have seen change, because the grass is not exactly green on the other side. And we did some soul searching, better engaged the people.
I will say in the last six months, we haven’t lost any pilot to the competition. Though we haven’t put our finger on what the major cause is. It is not about pay, however something has changed. They now see the career.
Before now, when we are selecting people for training we make sure we select the right people; people who are in the field not because they need a job but because they love to fly. That is the next level of challenge.
Obviously, there are a lot of negativity about Nigerians and the educational system. Elsewhere, the education system still works because there some qualities you look out for. On failure rate, late year we had to send one person home. He couldn’t just fly, though he is good mentally.
General Safety in the Aviation Industry
Well, people are still skeptical about the system, but how do you measure safety. The fact that somebody had an incident or accident is not necessarily the entire system is not safe.
Nevertheless, when we visit an organization we look at their systems and the people managing the systems; their behaviours; are they jumping down the staircase? Or are they engaging in those things that point at safety cutting in on organization?
On the airline, we don’t have options yet, it is either Aero or Arik Air; others are just coming into business. It is a too wide measure. I think they have improved substantially, because everybody is working, even when I get to the airport I try to watch how things are been done.
Nigerian Pilots to Expatriates
Currently we are ending towards 40 to 50 per cent. We have 10 Nigeria nationals undergoing training in the US.
A batch will come in between May and July, while the next batch will be towards year end.
At the moment we have pruned down the number of people who are going next to 20. We hope to get 15 of that number.
First they will go to Zaria; after that stage they will move to the States where they will be trained on Helicopter services.
In the past we send them direct to the States, but now they go to Zaria they learn the basics.
We are about signing an agreement with an international aviation school where 10 others will be sent for training.
However, we are on track for our future targets to have about 90 per cent of the pilot population as Nigerians.
And with the retention that we have now coupled with a hope that nothing changes in the aviation world, I think we will be on that path.
The next challenge for us is as we are bringing these young people in, how many can the system absorb.
Financing
The financial challenge, it is quite huge. There is a capacity issue with the local banks to lend and there is the credit rate issue.
We are asking that the Nigerian airlines to compete in the global market space where they have to source at rates that are not up to 20 per cent; when a competitions like British Airways obtains credit at the rate of less than five per cent.
There is no way you can compete with that. And their access to funding is wide and open. That is the major challenge we have in Nigeria-financing an airline and aviation operations.
There is no way you will sustain business in aviation with 20 per cent interest rate. It is such that billionaires when they go into airline business they become millionaires.
General News
Kaspersky Warns of “Grey” Scam Websites Exploiting User Trust

Recent research by Kaspersky has shown that the so-called “grey” websites repeatedly target all world regions, and this may be driving both financial loss and large-scale data harvesting.

Grey websites are deceptive online platforms that fall outside traditional phishing definitions but still manipulate users into voluntarily handing over money and personal data. Kaspersky’s new report provides detailed insights into the threats posed by the grey websites on global and regional levels.
Unlike classic phishing attacks, which aim to steal credentials outright, grey websites rely on persuasion, misleading interfaces, and hidden terms to exploit users. They often impersonate legitimate services such as e-commerce platforms, financial tools, AI services, or subscription-based content, making them significantly harder to detect.
Kaspersky analysis shows that the majority of suspicious resources globally fall into several recurring categories:
- Fake browser extensions and “security tools” that actually harvest browsing data and track user activity.
- Fraudulent financial platforms including crypto exchanges, trading tools, and investment schemes promising unrealistic returns.
- Intermediary services (e.g., legal or real estate), charging for low-value or nonexistent services while harvesting sensitive personal data.
- Subscription traps offering low-cost trials that convert into costly recurring payments hidden in fine print.
- Fake online shops that either deliver counterfeit goods or nothing at all.
Example of a grey website.
A notable trend is the emergence of tools disguised as AI services or image-processing platforms, reflecting attackers’ ability to adapt to current digital trends and target younger audiences.
There are proven security solutions that help users to detect grey websites across different types of devices – those running on Windows, Linux, Android and iOS. The detection model is based on many factors, including domain name and age, IP reputation, stability of the infrastructure used, DNS configurations, HTTP security headers, digital identity and popularity of the web resource and other criteria.
Regional specifics
Regional variations in grey websites demonstrate how threat actors localise scams based on user behaviour and trending technologies.
In Europe, the threat landscape is dominated by links to suspicious browser extensions and fake “privacy-enhancing” tools.
These resources often present themselves as security solutions, promising safer browsing or anonymous search capabilities. In reality, they function as browser hijackers – intercepting traffic, collecting cookies, tracking user behaviour, and injecting advertisements.
The popularity of these threats reflects a high level of user concern around privacy and security, which attackers actively exploit. Additionally, these regions show a steady presence of phishing intermediaries and crypto-related scams, indicating a blend of technical and financially motivated attacks.
Across African markets, financial scams are the most prominent category of suspicious resources. Fraudulent trading platforms, fake brokers, and investment schemes frequently mimic legitimate financial services, often accompanied by fabricated licenses or endorsements.
These platforms typically prevent users from withdrawing funds, instead introducing additional “fees” or taxes to prolong the scam. The concentration of these threats highlights how attackers leverage growing interest in online investing while exploiting gaps in regulatory enforcement and financial literacy.
In the Middle East and North Africa region, suspicious resources frequently mimic communication (Internet telephony) tools, financial platforms, or betting services. Additionally, Ponzi-style investment schemes and crypto scams are widespread, often presented through polished interfaces that mimic legitimate platforms.
Web browser-based threats also play a significant role, with malicious extensions targeting user data and browsing activity. The regional threat profile reflects a convergence of financial fraud and technical compromise, where users risk both data exposure and monetary loss.
“Suspicious websites don’t look harmful at first glance. But they exploit trust, urgency, and familiarity, and a single click on what looks like a harmless AI image tool, a “secure” browser extension, or a heavily discounted online shop could be all it takes to lose money or expose sensitive data.
Instead of direct credential theft, attackers turn to behavioural manipulation – whether that’s subscribing, investing, or installing software,” comments Anna Larkina, Web Content and Privacy Analysis Expert at Kaspersky.
General News
MSMEs Paucity of Funds Receives Boost as Senate Backs Bill Seeking to Unlock Cash for them

Businesses across Nigeria, particularly micro, small and medium enterprises (MSMEs), may soon be able to convert unpaid invoices and credit sales into immediate cash without relying on conventional bank loans following the passage of the Factoring, Assignments and Receivables Financing Bill for second reading in the Senate.

The bill, which seeks to establish a legal framework for factoring and receivables financing, is expected to improve access to credit, boost liquidity for businesses and enhance domestic and international trade.
It also seeks to provide legal certainty for the assignment of receivables through factoring, promote transparency, modernise assignment laws and facilitate greater access to credit for businesses across the country.
Leading debate on the bill which was sent from the House of Representatives for concurrence, Senate Leader Opeyemi Bamidele said on Tuesday that the proposed legislation would create an enabling environment for debt factoring to thrive in Nigeria while defining the rights and obligations of creditors, factors and debtors involved in such transactions.
He explained that the bill provides for factoring contracts between sellers and factors and clarifies the legal relationship among parties in receivables financing arrangements.
According to Bamidele, the legislation has already passed all legislative stages in the House of Representatives and has complied with the Senate’s procedural requirements under Order 78(3) of the Senate Standing Orders.
He told lawmakers that the Senate Ad Hoc Committee on Compliance, chaired by Abdul Ningi, had scrutinised and cleared the bill for concurrence.
“The committee confirmed that all procedural requirements for consideration and concurrence by the Senate have been fully met,” he said.
Seconding the bill, Adetokunbo Abiru said the legislation would provide businesses with an alternative source of financing by enabling them to turn credit sales into cash and improve their working capital.
Abiru noted that factoring has become increasingly popular across Africa over the last decade, largely through initiatives supported by the African Export-Import Bank (Afreximbank).
He disclosed that the African factoring market is currently valued at over $50 billion, but Nigeria’s participation remains below one per cent.
According to him, countries such as Egypt and Morocco have benefited significantly from the financing model, adding that Nigeria risks missing out on the growing market without a clear regulatory framework.
“I think that passing this major legislation will help support our micro, small and medium enterprises in terms of converting most of their credit sales into cash without going through the normal borrowing arrangement,” Abiru said.
In his remarks, Ningi also assured lawmakers that the compliance committee had reviewed the bill and found no legal impediments to its passage.
Following a voice vote, the Senate approved the bill for second reading and subsequently referred it to the Committee of the Whole for clause-by-clause consideration.
General News
IMF Warns Nigeria of Risks in $5Bn Swap Deal with First Abu Dhabi Bank

The IMF on Tuesday warned of risks surrounding Nigeria’s plan to borrow up to $5 billion through a derivatives agreement with First Abu Dhabi Bank, saying such transactions are often opaque and complex.

Recall that the Senate in April gave its approval to the agreement, joining other Africa borrowers like Senegal and Angola who have tapped similar arrangements over the past year.
“Our view is that the transaction in these types of structures carry risks. Usually they are opaque so the terms are not always very transparent when we reviewed these instruments across countries,” Christian Ebeke, IMF resident representative in Nigeria, told reporters.
Ebeke said Nigeria could instead issue eurobonds to finance its deficits or other means to raise funding, including on concessional terms.
Nigeria intends to use proceeds from the total return swap, or TRS, to refinance expensive debt and pay for infrastructure.
In its latest Article IV review, the Fund praised Nigeria’s sweeping reforms, saying they had strengthened economic stability and investor confidence, but warned that the benefits had yet to reach millions of citizens and could be undermined by global shocks, including the Middle East conflict.
The reforms since 2023 under President Bola Tinubu – including fuel subsidy removal, tighter monetary policy and exchange rate liberalisation – had rebuilt buffers and improved macroeconomic management, the IMF said.
However, it cautioned that the reforms were also contributing to social strain, with poverty levels at 63% and millions facing food insecurity, underscoring a widening gap between macro gains and household realities.
The IMF said improved policy credibility and forex reforms had helped Nigeria regain access to international capital markets and attract portfolio inflows, while reducing risk premiums. The central bank says gross reserves are at $50 billion, the highest in 17 years.
But reliance on volatile foreign portfolio investment poses rollover risks, the IMF said, urging a shift towards more stable, long-term capital such as foreign direct investment.
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