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NAMA Records 28,000 Over-flyers in 12 Months

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The Nigerian Airspace Management Agency (NAMA) said on Monday that there has been tremendous patronage of the airspace in recent time as it recorded 28,165 Over- flyers operated by 517 foreign airlines last year.

Management of the Agency attributed the increased patronage to the improved air navigation services within the nation’s airspace.

According to Mr Supo Atobatele, general manager, Public Affairs of NAMA, he airlines that have been overflying the airspace include: Group Air France, Ethiopian Airlines, Royal Maroc, Kenya Airways, South African Airways, Emirate Airlines, British Airways Plc, Asky Airlines, Iberia-Lineasaereas de espana, Group Air Senegal (Senegal Airlines), Brussels Airlines, Ceiba International, Deutshe Lufthansa AG, Cameroon Airlines Corporation, Air Namibia, Egypt Air, KLM Royal Airlines, Qatar Airways, Trans Air Cargo and Cronos Airlines.

During the time under review, he noted that, 20 out of the 517 airlines accounted for 80% of the aggregate over flight operations with an average of 1,879 per month.

The top five airlines were: Group Air France (3,505), Ethiopia airlines (2,289), Royal Air Maroc (1,909), Kenya Airways (1,888) and South African Airways (1,859).

The en-route international flight operations which connote all international flights into Nigerian airports which are sub-divided into scheduled and non-scheduled flight operations in the year under review, had total of 41,081 en-route operations by 329 airlines.

Similarly, 26 scheduled airlines that operated in the Nigerian airports recorded 28,532 operations which contributed 70% to the aggregate operations.

The highest operation was in the month of December with 2,691 operations and the least recorded was in the month of February with 1,764 operations.

Arik Air had 4,760 flights which were the highest with 17% contribution to the aggregate operations followed by Deuthsche Lufthansa with 2,481 flights and contribution of 9% to the operations.

Groupe Air France had a total of 1,922 flights and 7% contribution; Ethiopia airlines with 1,921 flights and contributed 7% while the British Airways Plc recorded 1,706 and contributed 6%.,

On the other hand, a total of 303 airlines operated under the non-scheduled flights recording 12,549 flight operations which is 30% contribution to the aggregate operations.

The highest flight operations were recorded in the month of November with 1,226 flight operations and the least was recorded in the month of January with 851 flights.

Engineer Nnamdi Udoh, managing director of the Agency, described the development as proof of positive result from the ongoing transformation agenda of the federal government in the aviation sector , especially the massive capital investment of more than N19 billion on navigational facilities.

“This a good sign of a healthy aviation envrironment,we are really happy with these figures .This is contrary to the previous speculations that foreign airlines are not flying our airspace, but we have done a lot to improve our services.

“I believe there will be further increase this year because of the newly introduced area radar control which we started  in May this year’’, the managing director said.


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CBN Pulls Rate Cut Trigger, King Dollar Returns

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By Lukman Otunuga, Senior Research Analyst at FXTM,

In a move that caught investors off-guard this week, the Central Bank of Nigeria (CBN) slashed interest rates by 100 basis points bringing the MPR to 11.5%. Given how inflation has been above target since 2015, rates were expected to remain unchanged for the rest of 2020 and possibly early 2021.

 

The question on the mind of many is whether the rate cut will achieve the desired effect by stimulating consumption and economic growth? Ongoing border closures and disruptions created by COVID-19 have pushed inflation to levels not seen since March 2018 above 13.20% while a drop in the production and price of Oil continues to rub salt into the wound. While looser monetary policy could support growth, it may come at the cost of rising inflation and weaker Naira.

 

Over the past few months, central banks across the globe have deployed unprecedented measures to defend their respective economies against the coronavirus menace. However, fiscal policy has been identified as the sharper tool with governments across the world providing a critical lifeline to keep the wheels of their respective economies rolling.

 

Outside of Nigeria, King Dollar made a return by appreciating against every single G10 currency. In times of uncertainty, everyone wants a juicy piece of the world’s most liquid currency. As coronavirus cases rise in Europe and other parts of the world, the flight to safety is likely to boost appetite for the Dollar. This is bad news for many emerging markets currencies, especially those with high Dollar-denominated debt.

 

On the commodity side, Oil prices remain heavily influenced by demand-side factors and the state of the global economy. Prices are likely to remain stuck around the $40 regions in the near term, especially If another round of possible lockdowns hit Oil demand. Looking at the technicals, WTI Crude is under pressure on the daily charts. If prices are unable to break away from the sticky $40 regions, the next key point of interest remains around $38. A weekly close above $41.50 could pave a path towards $43.


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NCC Arrests Man for Hacking into DSTV System

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Nigeria Copyright Commission (NCC), has arrested one Mr Aliu Olalekan, for allegedly hacking into DSTV system and watching the channels free without subscription.

NCC Arrests Man for Hacking into DSTV System

Mr Matthew Ojo, NCC Director in the Lagos Directorate Office said this while speaking with newsmen in Lagos, on Tuesday.

He said that the suspect used to watch DSTV channels free without subscription on his Android phone via an app which he downloaded on google play store.

“This suspect distributed the know-how to his telegram followers and on his blog with the aim of gaining more followers and viewership on his blog and makes more money through google ad-sense.

“The operation was based on surveillance which had earlier been carried out by the Multi-choice team and verified by a copyright inspector, ” he said.

He added that the arrest was made in collaboration with a team of copyright inspectors led by the Head of Enforcement Department, Mr Charles Amudipe.

Others included; a team from Multichoice Nigeria led by Mr Umar Ibrahim and policemen from Lagos Command Headquarters, Ikeja.

Ojo said that the joint team conducted an anti-piracy operation at the premises of the culprit in Amukoko, Lagos.

According to him, the suspect was contacted on phone by a member of the operation team on the disguise of patronising him. “The suspect came out to meet the caller and in the process of discussion, he was apprehended.

“The suspect took the team to his resident. The squad paraded his one-room apartment and recovered his laptop and phones used in perpetrating the ungodly act. “He was arrested and brought to the copyright commission office for further investigation, ” he said.

Ojo said that, on getting to the commission’s office, the statement of the suspect was taken and the inventory of items seized from him taken. He said that investigation on the matter was still ongoing and if found guilty the suspect will be charged to court.

 


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NCC, Digital Encode Support NITRA Innovative Tech Forum On Post-COVID-19 Strategies

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The Nigerian Communications Commission (NCC), Nigeria’s telecommunications regulator and Digital Encode, Cybersecurity and Compliance advisory company, have indicated interest to partner with the Nigeria Information Technology Reporters Association (NITRA), the national umbrella body of ICT reporters, as it organizes a forum that will x-ray the industry’s future plans for ICT growth post pandemic era.

 

The event, slated to hold on October 15, 2020, will seek to discuss the needs for a fortified ICT sector after the COVID-19 era, and the level of preparedness of ICT stakeholders to embrace the challenge of being pivotal to the stability and growth of all other sectors.

 

A statement from NITRA National Secretariat in Lagos indicates that due to the pandemic and need to observe the COVID-19 protocol on social distancing, the event will be held via a Webinar.

 

This year’s theme, “Multi-stakeholder Approach To National Recovery Post-Pandemic”, is in line with the annual event’s generic theme, ‘NITRA Innovative Tech Forum’, a contribution by NITRA to the development of Information and Communication Technologies (ICTs) innovations and policies in Nigeria.

 

Prof. Umar Danbatta, executive vice chairman, NCC is expected to deliver the keynote speech at the event and will throw more light on Federal Government’s plans, programmes and policies on post-pandemic strategies using ICT.

 

Dr. Adewale Obadare and Dr. Seyi Akindeinde, founders of Digital Encode, while accepting to support the event expressed their readiness to offer their expertise in Cybersecurity for organisations to prepare against cyber- attacks with the new normal.

 

They will also highlight areas that are high risks that need fortification in terms of cybersecurity.

 

Speaking on the event, Mr. Chike Onwuegbuchi, national chairman, NITRA, noted that as the COVID-19 pandemic continues to leave its negative trails across the globe, economic reboot for countries will not only depend on how well they readapt to the new normal, but also more on their recovery plans.

 

According to him: “While the federal government has consistently expressed its willingness to set all policies in place to engender growth, and accelerated implementation of these policies, private sector firms have also shown great hunger for the task ahead in post-COVID-19 era.

 

However, the question that needs to be answered is whether all stakeholders are ready for the required task ahead.”

 

The event will also offer participating companies opportunities to publicize some of their individual efforts at contributing to reacting a soft landing or lifeline for SMEs and other ancillary companies as the pandemic threatens their survival.

 

Digital Encode is a multi-award winning and leading consulting and integration firm that specializes in the design, management, and security of business-critical networks, telecommunications environments and other Information Technology (IT) infrastructures.

 


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