General News
IATA Advocates Deeper Industry, Governments partnership on Smarter Regulation

The International Air Transport Industry (IATA) advocated for an even deeper partnership with governments based on global standards in the critical areas of safety, infrastructure, security, regulation, and environment.
“Aviation is built on partnerships and the relationship with governments is key. Airlines and governments are well-aligned on safety. But in other areas of government responsibility—infrastructure, security, regulation, and environment—there are opportunities for a deeper partnership,” said Tony Tyler, IATA’s Director General and CEO.
The call came in Tyler’s Report on the Air Transport Industry to the 71st IATA Annual General Meeting and World Air Transport Summit, which is being held in Miami.
This year some 3.5 billion people and 55 million tonnes of cargo will travel safety by air over a global network of 51,000 routes.
Airlines directly employ 2.5 million people and support another 56 million jobs in the industry’s value chain. Its role as a catalyst of economic growth is evident as some $6 trillion of goods find their way to global markets via air transport.
“For nations, connectivity is much more than a competitive advantage. It is an economic necessity. And aviation’s intangible benefits make it a force for good in the world. So there is a tremendous common interest with governments to support safe, efficient, and sustainable global connectivity that only air transport can provide,” said Tyler.
Safety: It is a tragic paradox that in 2014 aviation recorded its safest year ever (with one jet hull loss for every 4.4 million flights) yet it remained constantly in recent world headlines over safety issues.
Working with governments through the International Civil Aviation Organization (ICAO), significant progress was made with issues raised as a result of the MH 370 and MH 17 tragedies.
A 15-minute position reporting standard is being developed and governments are working together to share security information more effectively.
“We will not be satisfied until the outrage of MH 17 is fully addressed in a global convention to control the design, manufacture, sale and deployment of weapons with anti-aircraft capability,” said Tyler.
The findings of the full investigation on the Germanwings 9525 tragedy will see “regulators and industry looking at the balance needed to monitor the mental health of crew in an environment aligned with the non-punitive Just Culture that drives safety forward,” said Tyler.
Tyler warned against a rush to judgment or regulation in the immediate aftermath of accidents, even in an age where news is unbridled and ubiquitous. “We must not allow anything to undermine the well-established accident investigation standards and processes, which lead to findings that improve safety,” said Tyler.
Infrastructure: Aviation can only deliver its significant social and economic benefits if it has adequate, cost-efficient infrastructure capacity to meet growing demand.
“We seek to work in partnership with governments based on the global principles that they have agreed through ICAO. Transparency and consultation will ensure that what is built matches business needs at a price that is affordable and mutually beneficial,” said Tyler.
Tyler noted several critical infrastructure challenges where more alignment is needed, including finding a solution to expand airport capacity in the Southeast of the UK, addressing the high cost of fuel in Brazil and Africa, keeping costs at Hong Kong International Airport competitive as it funds construction of a third runway, and improving efficiency in Chinese air traffic management.
Tyler expressed the industry’s longstanding frustration at the slow pace of progress on the Single European Sky (SES). “The initiative languishes. States are paralyzed by self-interested national organizations, which show no regard for the impact of their inefficiency on economies or consumers,” said Tyler.
Tyler noted industry support for initiatives to reform the funding of the air traffic management organization in the United States. “There is finally a growing recognition that funding such an essential service as air navigation should not be held hostage to a game of political brinkmanship in the setting of the national budget. The discussion about the corporatization of air traffic management is a welcome development,” Tyler added.
Security and Facilitation: The aviation industry and governments are partners in aviation security. “We have a common interest in keeping our passengers, crew, and cargo secure with efficient and respectful processes built around global standards. While there has been tremendous progress over the last few years, our customers still see security and border controls as big pain points in their journeys,” said Tyler.
“We must join forces to encourage governments to align on a risk-based approach, adopt global best practices, recognize equivalent measures by other governments, stop wasteful and paper-based processes, and make full use of available technology,” said IATA DG.
Three key areas were identified for urgent action by governments:
Known traveler programs: Linking these programs across borders;
Advance Passenger Information: Harmonizing requirements around ICAO standards and aligning processes to eliminate redundant paper documentation and reduce queuing times and
Cargo security: Driving efficiency through harmonized processes facilitated by global standards created through cooperation between IATA, ICAO and the World Customs Organization
Regulation: IATA advocates for Smarter Regulation aligned with global standards. “Our message is that regulation needs to be Smarter. To start, the benefits of any regulation must outweigh its costs. It should be consistent with global standards, proportional, well-targeted, fair, and clear about what is expected. These common sense principles are best achieved through a process of rigorous consultation that includes a focus on keeping the compliance burden to a minimum,” said Tyler.
Tyler noted four priority areas where progress is critical:
Ratification of the Montreal Convention 1999 (MC99): Some 112 countries have signed MC99, which establishes a globally harmonized liability regime and is a pre-requisite for countries to accept electronic documentation critical for the modernization of cargo processes (e-freight).
Thailand, Indonesia, and Russia are among the key countries that IATA is urging to ratify the convention;
Consumer Protection: “Governments appear to be losing faith in a basic principle of commerce—that businesses become successful by pleasing customers. Many regulators are adopting passenger rights regimes—some of which come close to dictating product design and marketing.
Worse, there is no international coordination. When things go wrong, passenger need clarity, not confusion,” said Tyler. IATA urges governments to align consumer protection initiatives with principles being developed through ICAO.
New Distribution Capability (NDC): In light of imminent innovation in the distribution of air travel products as a result of the US Department of Transportation (DOT) approval of the NDC foundational standard, Tyler called on the DOT to abandon provisions in its Consumer Rule Three that would force airlines to display some ancillary products through third party distribution channels not necessarily of an airline’s choosing. “It would be a step backwards when we are set for a giant leap forwards on transparency,” said Tyler.
And, Tyler urged governments and industry to stay focused on global solutions to manage aviation’s carbon footprint in the run-up to the ICAO Assembly next year.
“We’ve always understood that our common interests and those of the environment are best served by a united industry position and a global approach. We are at the forefront of industries addressing climate change with clear targets to improve fuel efficiency by 1.5% annually to 2020, to cap net emissions with carbon-neutral growth from 2020, and to cut net emissions in half by 2050 compared with 2005,” said Tyler.
These goals are being pursued with a four-pillar strategy based on improved technology, more efficient operations, better infrastructure, and an effective, global market-based measure.
Two priorities were identified:
Sustainable Aviation Biofuels: Airlines are making significant investments. However, supply is limited and prices are not economical. “Progress on biofuels is being held back because governments have not adopted a policy framework to incentivize production. That’s needed for prices to fall to commercially viable levels,” he said.
Market-based Measure: The airline industry is calling on governments to agree on a global mandatory carbon offset scheme that would help manage aviation’s carbon footprint in line with Smarter Regulation principles.
“There is considerable interest from governments in the mandatory carbon offset approach. It would be the easiest type of scheme to implement. It could be administered on a cost-effective basis. And it has the scope to allow for the different political interests at play to be taken into consideration,” said Tyler.
General News
NDIC Reinforces Full Oversight Compliance to Safeguard Depositors

Mr. Thompson Sunday, the Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), has reaffirmed the Corporation’s strict compliance with fiscal and financial regulations, including the provisions of the Fiscal Responsibility Act (FRA) 2007, noting that the NDIC has consistently remitted the required percentage of its earnings to the Federal Government.

Mr. Sunday made this known during a courtesy visit to the Managing Director/Chief Executive of the Ministry of Finance Incorporated (MOFI), Dr. Armstrong Takang, as part of NDIC’s ongoing engagement with key stakeholders following his formal assumption of office in July 2025.
According to him, NDIC takes financial accountability and transparency seriously, stressing that the Corporation complies fully with statutory remittance obligations, including the payment of 20 per cent of gross earnings or 80 per cent of net surplus to the Federal Government, as applicable. He added that NDIC also submits its financial statements ahead of statutory deadlines.
The NDIC MD/CE explained that this culture of compliance aligns with the Corporation’s role as a key institution within Nigeria’s financial safety-net, charged with protecting depositors and promoting confidence in the banking system. He emphasized that adherence to fiscal discipline remains central to NDIC’s credibility and effectiveness.
Mr. Sunday further disclosed that NDIC also complies with the Federal Government’s 50 per cent cost-to-income ratio policy, although he noted that the policy poses operational constraints. He explained that the deductions affect NDIC’s ability to build a strong Deposit Insurance Fund, which is needed to respond effectively to bank failures.
He stressed that international best practices under the Core Principles for Effective Deposit Insurance issued by the International Association of Deposit Insurers (IADI) require deposit insurers to maintain adequate funds to reimburse depositors when banks fail without recourse to government, adding that the NDIC is seeking an exemption to strengthen its capacity in this regard.
Mr. Sunday described MOFI as a critical stakeholder, noting that the Federal Government, through MOFI, holds a 40 per cent equity stake in NDIC. He said sustained collaboration with MOFI is essential to ensuring that NDIC continues to meet its obligations to government while effectively safeguarding depositors’ funds.
In his remarks, Dr. Takang commended the NDIC for its exemplary collaborative spirit and acknowledged the Corporation’s compliance with fiscal regulations. He assured that MOFI would continue to engage the Federal Ministry of Finance on NDIC’s behalf, noting that a strong NDIC is vital to sustaining confidence in Nigeria’s financial system.
Both institutions reaffirmed their commitment to continued cooperation, transparency and accountability, with Mr. Sunday reiterating that NDIC remains focused on balancing regulatory compliance with its overriding mandate of depositor protection and financial system stability.
General News
T2 Backs Youth Excellence as NCBC Wins Bosun Tijani Foundation Basketball Tournament

T2 has reaffirmed its commitment to youth development and excellence through sport as the NCBC basketball team, adopted by the brand, emerged champions of the Bosun Tijani Foundation Youth Basketball Tournament held at the Alake Sports Complex, Ijeja, Abeokuta.

The tournament, organised by the Bosun Tijani Foundation in collaboration with the Ogun State Government and supported by several partners including T2, brought together 12 competitive teams from across Nigeria, positioning basketball as a powerful platform for youth engagement, discipline, and opportunity.
NCBC’s championship run reflected the values T2 seeks to champion, work ethic, intelligence, teamwork, and resilience. The team recorded commanding victories over Team Vision, Warlords, and Elevate before defeating the Ilupjeu Raiders 66–52 in a gripping final.
Commenting on the adoption of the team, Seni Ogunkola, Vice President, Brands and Communication, T2 stated “NCBC embodies the qualities we believe in, exceptional work rate, intelligence on the ball, discipline, and a hunger to excel. By supporting them, T2 is investing in potential, purpose, and the next generation of leaders on and off the court.”
The climax of the event saw His Royal Highness, Oba Adedotun Gbadebo, the Alake of Egbaland, alongside Nigeria’s Minister of Communications and Digital Economy, Bosun Tijani, present the trophy to the victorious team, drawing rapturous applause from spectators. The event was also attended by the Chief of Staff to Ogun State Governor Dapo Abiodun, Mr. Lere Olayinka, and the Ogun State Commissioner for Sports, Honourable Wasiu Isiaka, underscoring strong institutional support for youth-focused initiatives.
Through its participation in the tournament, T2 continues to position itself as a brand that goes beyond sponsorship, championing platforms that unlock talent, inspire ambition, and create lasting social impact for Nigerian youth.
General News
Ecobank Guarantees Seamless Digital Banking Services Throughout the Christmas and Year-End Period

Ecobank Nigeria, a member of Africa’s leading pan-African banking group, has assured customers of uninterrupted access to banking services throughout the year-end holiday period via its secure and robust digital platforms. The Bank also urged customers to remain vigilant against fraud and scams during the festive season.

Ecobank Bank
Speaking on the development, Victor Yalokwu, Head, Products & Analytics, Consumer & Commercial Banking, Ecobank Nigeria, said the Bank’s digital channels – including the Ecobank Mobile App, Ecobank Business App, USSD *326#, Ecobank Online, OmniPlus, Omnilite, EcobankPay, RapidTransfer, Ecobank Cards, ATMs, PoS terminals, and over 35,000 Ecobank Xpress Point (Agent Banking) locations nationwide – will remain fully available to support customers throughout the yuletide and year-end holiday period.
He noted that customers will continue to enjoy a wide range of services during the period, including local and international funds transfers, bill payments and airtime top-ups, merchant payments, balance inquiries and account statements, as well as cardless cash withdrawals via ATMs.
According to Yalokwu, “Ecobank encourages customers to leverage these digital solutions for safe, fast, and efficient banking, especially during the festive season when convenience and reliability are essential.
“While physical branch operations may be subject to adjusted working hours in line with public holidays, customers can be assured that Ecobank’s digital platforms are designed to deliver uninterrupted service and enhanced security at all times.
“Ecobank remains committed to providing innovative financial solutions and exceptional customer service, and we wish all our customers a joyful festive season and a prosperous New Year.”
Yalokwu also cautioned customers to remain vigilant against fraudsters and scammers during the period. “Before you wrap up the year, tighten your security. December brings online sales, travel, and year-end distractions—this is exactly when scammers are most active. From fake festive deals to cloned merchant sites and suspicious messages, staying vigilant helps keep your money safe.”
He advised customers to shop only on trusted websites, never share their PINs, passwords, or one-time passwords (OTPs), avoid banking on public Wi-Fi networks, be cautious of urgent or emotionally charged messages, and regularly review their account activity.
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