General News
African Airlines Traffic Slips 0.7% on YoY Passenger Demand

The International Air Transport Association (IATA) announced global passenger traffic results for January 2015 showing traffic growth (revenue passenger kilometers or RPKs) of 4.6% compared to January 2014, but African airlines recorded 0.7% decline compared to the period in 2014.
This represents a slower start to the year compared to 2014 full-year growth of 5.9%.
However, results likely were affected by the timing of the Lunar New Year in Asia, which occurred one month later this year compared to 2014.
January capacity rose 5.2% and load factor slipped 0.5 percentage points to 77.7%. While domestic markets drove growth in the latter part of 2014, international traffic was stronger in January.
“January traffic did not maintain the rate of growth attained in 2014; nevertheless, we are seeing healthy albeit slightly slower growth in the demand for air services. While January was a relatively positive start for the year, we cannot look ahead without seeing some significant risk factors in the macro-economic and political environment,” said Tony Tyler, IATA’s director general and CEO.
International Passenger Markets
January international passenger traffic rose 5.4% compared to the year-ago period. Capacity rose 6.0% and load factor slipped 0.5 percentage points to 78.0%. All regions recorded year-over increases in demand except for Africa.
European carriers’ international traffic climbed 5.0% in January compared to the year-ago period, which was the largest increase among the three biggest regions. Capacity rose 4.6% and load factor rose 0.3 percentage points to 77.7%.
Air travel growth in Europe reflects robust travel on low cost carriers as well as on airlines registered in Turkey which is helping to overcome some of the impact on travel of the ongoing economic weakness in the region.
Asia-Pacific carriers recorded an increase of 4.7% compared to January 2014, which is below the 2014 annual trend of 5.8% expansion. In addition, the seasonally-adjusted level of traffic has been broadly flat over the past five months. The timing of the Lunar New Year in mid-February (one month later than it fell in 2014) also impacted the results. Capacity rose 5.8%, pushing down load factor 0.8 percentage points to 77.6%.
North American airlines saw demand rise 2.7% in January over a year ago. While this was the weakest traffic growth for all regions save Africa, the US economy is a stand-out performer among developed economies. Capacity rose 3.8%, pushing down load factor 0.9 percentage points to 79.5%.
Middle East carriers had the strongest year-over-year traffic growth in January at 11.4%. Markit’s measures of business activity in non-oil sectors in the region’s economies continue to show improvement, suggesting Middle Eastern economies are comparatively well-placed to withstand the plunge in oil revenues. Capacity rose 13.3% and load factor dipped 1.3 percentage points to 79.7%.
Latin American airlines’ traffic rose 5.6%. Capacity rose 5.1% and load factor climbed 0.4 percentage points to 81.2%, highest among the regions. While growth in the Brazilian economy has stagnated, regional trade volumes have continued to improve in recent months.
African airlines saw January traffic slip 0.7% compared to January 2014.
The weakness in international air travel for regional carriers is not believed to be attributable to the Ebola outbreak. Rather, it appears to reflect negative economic developments in parts of the continent including Nigeria, the continent’s largest economy, which is suffering from the collapse in oil prices. With capacity up 0.7%, load factor fell 1.0 percentage point to 68.1%, the lowest among the regions.
Domestic Passenger Markets
Domestic air travel rose 3.2% in January year-on-year, which was below the full year 2014 result of 5.4%.
Capacity rose 3.9% and load factor was 77.3%, down 0.5% percentage points.
China domestic air travel rose just 2.1% January compared to a year ago.
This in part is owing to the timing of the Lunar New Year falling in February (a month later than in 2014).
But there was also a contraction in volumes in January compared to December, after adjusting for seasonal factors.
Brazil’s domestic traffic climbed 5.6% in January. Nonetheless, growth in the economy is stagnant and persistently-high inflation remains a concern.
That the demand for connectivity drives economic activity was widely noted in media reports on the recent Lunar New Year Holiday which fell in February this year.
The Chinese government estimated that the number of Chinese making overseas trips during the holiday period topped 5 million—a 10% increase on 2014.
The China Tourism Academy suggests that this activity generated some $22 billion for the Chinese tourism industry.
On the receiving end, it was widely reported that the 450,000 Chinese travelers who visited Japan over the period spent nearly $1 billion.
“Air travel drives business. The economic impact of travel during the Lunar New Year period is a tremendous example of how powerful a force travel can be.
“This is our message to governments: a successful air transport industry strengthens economies with broad economic and social benefits. The industry is committed to sustainable growth. But it is critical that governments do their part in ensuring cost-efficient infrastructure to accommodate demand and not constraining growth with excessive taxation or onerous regulation,” said Tyler.
General News
CAC Lists 15 Unregistered Firms Operating in Nigeria

Corporate Affairs Commission (CAC) has warned Nigerians against dealing with 15 unregistered entities using company names and registration numbers that are not in the commission’s records.

In a public notice signed by CAC Management, the commission said it had discovered the use of purported company names and RC numbers that are not registered with the CAC, urging the public to disregard them and verify all business information directly from its portal.
“The CAC remains committed to protecting the integrity of the Companies Register, upholding the law, and ensuring a safe and transparent business environment in Nigeria,” the CAC said.
According to the notice, the following are the entities not registered with the CAC:
Famas Services Nigeria Limited (RC: 216312)
Promo Dutch Investment Limited (RC: 396654)
Dialack Concept Nig. Ltd (RC: 297772)
Purpleheart Construction and Real Estate Mgt. Co. Ltd (RC: 1210548)
M/S Loktu Enterprises (BN: 373466)
Loktu Enterprises (BN: 400390)
Badatoyak Ltd (RC: 521322)
Johson Nats Limited (RC: 198492)
Peoples Club Nigeria International (CAC/IT/41191)
Jiba Enterprise (BN: 577523)
Civil Engineering Solutions Nigeria Limited (RC: 33001)
Gabdoff Hotel Ltd (RC: 112409)
Amoka Group (BN: 545221)
BEEC Nigeria Limited (RC: 30143)
- Adetunji (BN: 657466)
Explaining the reason for the commission’s publication, the statement noted that it aligns with its statutory role of maintaining an accurate and reliable companies register, protecting investors, and preventing fraudulent activities in the business environment.
The commission urged Nigerians to always confirm the status of any company or business name through its official portal.
General News
IHS Nigeria Leads Gender Based Violence Awareness Walk, Reaffirms Zero Tolerance with Advocacy Seminar

Demonstrating unwavering commitment to a safe and dignified workplace, IHS Nigeria held an awareness walk followed by a high-impact seminar as part of activities to commemorate the global 16 days of activism to End Gender-Based Violence against women and girls.

The initiative underscored the organisation’s ongoing efforts to sensitize the community, educate employees, strengthen internal safeguards, and reinforce its zero-tolerance policy for all forms of harassment and abuse.
After the walk along Adeola Odeku and Idejo Streets on Victoria Island, employees convened for a seminar at the IHS Nigeria corporate head office, where Bukola Konkwo, Associate Director, Operations Excellence IHS Nigeria and one of the leaders of the Women in IHS Network (WIIN), reiterated the organisation’s position on gender-based violence in her opening remarks:
“Violence does not discriminate, and neither should our compassion. At IHS Nigeria, boldness is not just a value on paper, it is a call to action. We are intentional about ensuring every employee feels safe, respected, and empowered.”
The seminar featured two leading voices in Gender Based Violence advocacy. Titiola Vivour Adeniyi, the Executive Secretary of the Lagos State Domestic and Sexual Violence Agency and Nwanne Okafor, Victimologist and Gender Based Violence Advocate. Speaking during the seminar, Titilope stressed the urgency of prevention and education:
“Gender-based violence is not a special-class problem. Anybody can be a victim. Our responsibility is to know the signs, protect one another, and intervene early. When we know better, we do better.”
She also encouraged organisations to prioritise consent education, confidential reporting, and background checks, practices IHS Nigeria has already integrated through its Safe Zone Committee, a confidential support system for staff.
Nwanne Okafor, also spoke on the role of colleagues in recognizing and responding to abuse in the workplace:
“Many victims don’t need you to fix their situation, they need your support, your sensitivity, and your discretion. Speak up when necessary. Silence gives violence permission.”
Her session included real-life cases that underscored how abuse affects workplace productivity, mental health, and safety.
The awareness walk, saw both male and female staff members from across various departments marching in solidarity with survivors and advocates worldwide and served as a public declaration of IHS Nigeria’s commitment to building a culture rooted in respect, safety, and accountability.
Reinforcing IHS Nigeria’s stand, during her closing remarks, Titilope Oguntuga, Director, Sustainability, IHS Nigeria, captured the spirit of the event:
“This conversation doesn’t end today. Now that we know better, we must all do better, by advocating, supporting, and actively contributing to a workplace free of violence in any form.”
IHS Nigeria continues to strengthen its internal systems, policy frameworks, training programs, safe reporting channels, and continuous awareness sessions, to ensure that every employee is protected and empowered. The organisation reaffirms its zero-tolerance policy for any form of harassment, abuse, or violence, and remains committed to leading the corporate sector in progressive, people-centered safety standards.
General News
Nigeria’s GDP Rises to 3.98% in Q3 2025, Driven by Agriculture, ICT, and Finance

Nigeria’s economy expanded by $3.98$ per cent in the third quarter of 2025, according to the latest Gross Domestic Product (GDP) report released by the National Bureau of Statistics (NBS) on Monday.

GDP
This growth rate marks a slight improvement from the $3.86$ per cent recorded in the same period of 2024.The report highlights a mixed but generally positive recovery across key sectors. Aggregate GDP in real terms stood at ₦57.03 trillion, up from ₦54.85 trillion in Q3 2024.
The Services sector remained the largest contributor to overall output at $53.02$ per cent, followed by Agriculture at $31.21$ per cent. Key growth drivers included crop production, telecommunications, real estate, trade, and financial services.
The non-oil sector continued to be the main engine of the economy, expanding by $3.91$ per cent. This strong performance outpaced both Q3 2024 ($3.79$ per cent) and Q2 2025 ($3.64$ per cent). Agriculture grew by $3.79$ per cent, driven predominantly by crop production.
The Information and Communication Technology (ICT) sector posted a particularly strong real growth of $5.78$ per cent, with its contribution to real GDP rising to $9.10$ per cent. Furthermore, Financial and Insurance Services recorded a significant real growth of $19.63$ per cent.
In contrast, real growth in the Manufacturing sector slowed to $1.25$ per cent, down from $1.74$ per cent in the previous quarter.
The oil sector posted a real growth of $5.84$ per cent, a marginal increase from $5.66$ per cent in Q3 2024. This growth was linked to an average crude oil production rise to $1.64$ million barrels per day (mbpd), up from $1.47$ mbpd a year earlier.
Despite this positive change in output, the sector’s contribution to real GDP remains modest at **$3.44$ per cent$.Statistician-General of the Federation, Prince Adeyemi Adeniran, noted that while most sectors sustained positive momentum, growth remains uneven.
Strong gains in ICT, finance, agriculture, and trade were crucial in stabilizing overall output. This data aligns with projections from the International Monetary Fund (IMF), which, in October 2025, revised Nigeria’s 2025 growth outlook upward to $3.9$ per cent, citing higher oil production, stronger investor confidence, and a supportive fiscal stance as key drivers.
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