The management of Skyway Aviation handling Company Limited (SAHCOL) has reaffirmed the Company’s commitment to ensure safety of staff and clients’ items in discharging their duties.
Mr. Olu Owolabi, managing director, SAHCOL declared the Management’s recommitment while declaring open a-week long Safety Week organised by the Company in Lagos.
He said that SAHCOL is committed to be becoming an example in aviation handing safety in the country and Africa in general, adding that several steps have been taken by the management to ensure staff welfare are not treated with levity.
He maintained that safety goals of the Company have been showcased in several aspects of its operations which informed the unalloyed allegiance shown by several airlines it handles.
“We want to reassure our clients that safety is enshrined in our procedure and we follow them to the later. Some issues like pilfering cannot be found among our staff whose welfare is paramount to the management of SAHCOL”.
The MD said that the SAHCOL has succeeded in inculcating on the minds of the workers that they are ‘Change Agents’ in aviation handling sub-sector.
“It is when the workers are safe that we can say the Company is progressive. It is an all-team expectation that safety is maintained in discharging our duties. That is why we mapped out this week to remind ourselves the need to keep to safety tips. We will never relent in proving to the industry that we can become the safest aviation handling company in West Africa,” he added.
In a paper titled: “Security Threats in Aviation Industry and the Role of Ground Handling Agents,” Mr Salau Waheed, Commissioner of Police, Airport Command, admonished the Company not to relent in ensuring adequate protection of its customers’ cargo from pilfering and to raise alarm when traitors are detected.
“They are also required not to be party to insiders collusion whereby some light/sensitive goods develop ‘wings’ and disappear. In other words, the Police and other security agencies are supposed to synergize with SAHCOL for effective handling and efficient delivery of cargo through clearing agents to the owners of the goods and security of these goods. This will ultimately impact positively on the National economy in its revenue earnings,” he emphasized.
The Commissioner who was represented by Mr. Chuks Enwonwu, assistant commissioner of Police (Operations), Area “B”, Lagos, added that due to the sensitivity of the airports, viz-a-viz the general security situation in the country, the challenges are quite high for all the security agencies working in the Airport. “They are stretched to the limits by influx of travelers utilizing the limited facilities at the airports.
“It will be recalled that the MMIA, Ikeja, for instance, was built in 1977 and only benefited forst expansion between 2012 and 2013 due to the on-going airport transformation. Yet the travelling public would have increased by over 100% over the years,” the CP said.
He noted that naturally the airports are expected to have increase in miscreants, touts, pickpockets and milling grounds in pretence to be service providers.
“Worst case scenario is the recent Boko Haram attacks ravaging operatives that have so far saved the airports. Therefore, all hands must be on deck, both SAHCOL and security agencies, to be extra vigilant as stakeholders in the airport, to checkmate criminality, touting, miscreants, etc., from SAHCOL warehouses,” he advised.
NCC Threatens Illegal Users of GSM Boosters with Arrest, Prosecution
Nigerian Communication Commission (NCC) has warned telecom consumers to desist from using illegal GSM boosters.
The commission also said that anyone caught using a GSM booster without obtaining approval of a duly licensed network operator will face arrest and prosecution.
GSM boosters are devices that transmit and receive telecommunications signals and can therefore interfere with other radio frequency equipment.
Ikechukwu Adinde, director, public affairs, NCC, said in a notice published on NCC website, that only licensed network operators are allowed to use GSM boosters.
The booster, also known as amplifier or repeater is made up of three main elements – exterior antenna, amplifier, and interior antenna.
They form a wireless system to boost cellular reception
“Members of the public should note that, willful interference with any wireless telegraphy is an offence under Section 16 of the Telegraphy Act, 2004,”it said
The agency said it will not condone any flagrant breach of this law.
It has also enforced measures to prosecute offenders.
Accordingly, monitoring mechanisms have been put in place and anyone caught using a GSM booster without obtaining approval of a duly licensed network operator will face arrest and prosecution.
“Any member of the public with useful information regarding the illegal use of GSM Boosters should contact the Commission on 09-4617000/7351 or send an email to [email protected],” the notice said.
“Individuals desirous of using GSM Boosters should note that they can only do so in conjunction with licensed network operators,” it added.
Tizeti Selects Nokia to Provide LTE Fixed Wireless Access Solution for High-Speed internet Services in Nigeria
Tizeti announced that it selected Nokia’s Fastmile Long Term Evolution (LTE) technology to enable usprovide superior internet services to over 1 Million subscribers in Port Harcourt, Edo and Ogun in Nigeria.
Tizeti will deploy Nokia’s AirScale Base Station TDD-LTE and FastmileFixed Wireless Access (FWA) gatewaysto deliver premium internet and Virtual Private Network (VPN) services to Residential, Small and Medium Enterprises (SMEs).
The solution will also enable Tizeti’sto deliver a more robust, high-speedinternet service to subscribers and the flexibility to seamlessly evolve to 5G Fixed Wireless Access when needed.
Nokia’s FWA solution enables Tizeti to fast-track broadband access and provide a best-in-class broadband experience to its subscribers.
Nokia’sAirScale Base Stations ensure high-quality connectivity and coverage and enablesTizeti to evolve the network in line with customer demand.
Nokia’sFastmilegateways connect wirelessly to the existing network to createa fastbroadband connection and enhanced Wi-Fi experience in the home.
The Nokia Network Services Platform will help Tizeti to simplify operations and quickly respond to changing market demands.
Kendall Ananyi, Tizeti, said:“We are committed to providing the best-in-class network experience to our subscribers. We are confident that Nokia’s proven technology and expertise will help us differentiate our services based on quality. This a crucial project for us as it introduces LTE in our networks and allows us to bring new and innovative services to our subscribers.”
Eniola Balogun, Nokia, said:“We are thrilled to work with Tizeti on the initiative to upgrade their network to bring the latest products and services to its subscribers. Nokia Fastmile will help Tizeti to cost-effectively enhance the customer experience.
The project will also enable them to delight their subscribers by providing more reliable data services.
On the other hand, Tizeti will benefit by adding new revenue streams.”
Risk Assets Push Higher on Vaccine Hopes; Eyes on the Fed
By Hussein Sayed, Chief Market Strategist at FXTM,
After two consecutive weeks of back-to-back declines, global stocks kicked off Monday with solid gains amid a surge in M&A activity and positive signs towards vaccine developments. Currency markets were little changed ahead of a busy week of monetary policy announcements, while Oil and Gold ticked slightly higher.
The two big deals announced over the weekend were Softbank’s plan to sell chipmaker ARM to Nvidia for more than $40 billion and Gilead Sciences to acquire Immunomedics for a price tag of $21 billion. Meanwhile, on the vaccine front, AstraZeneca resumed its phase-3 trial on Covid-19 after being suspended last week following a neurological illness developed in one participant, and Pfizer announced that its vaccine could be distributed before year-end if found safe and effective.
Central Banks will take centre stage this week with the Federal Reserve, Bank of England and Bank of Japan all due to announce policy decisions. Out of the three meetings, the Fed is likely to be the most watched following its historic shift towards average inflation targeting. The big question remains how will the FOMC put this policy into action?
From what we know now, the Fed is set up to keep interest rates near zero for a long time, possibly for several years. Given the new framework, any spike in inflation won’t translate into immediate rate hikes as the Fed wants to compensate for the lost years when they have failed to hit the target. The dot plot will be the key guide for investors and traders alike. If inflation projections remain at 2% or below for the foreseeable future, this will solidify market expectations for a low rate environment for many years to come. That said, Jay Powell would still have to explain in more detail how the new framework will be translated into policy action.
In June’s economic projections, the Fed anticipated unemployment would be at 9.3% by year-end, but, in August, unemployment was well below that forecast at 8.4%. Many other economic data surprised to the upside during the June – August period in a clear sign that most economists were overly pessimistic towards the strength of the recovery. However, there is still a considerable amount of uncertainty given the latest surge in Covid-19 cases worldwide and the US, especially as we get closer into the winter season. A second wave will undoubtedly put the recovery at risk in the final quarter of the year and it will be interesting to see the Fed’s view on that issue.
As for the market selloff over the past two weeks, the Fed isn’t likely to show any signs of concern. In fact, policymakers should be satisfied with the pullback as the risk of a bubble in several assets has been growing due to the Fed’s extremely accommodative policies. Unless we see another 10 -15% drop, do not expect the Fed to intervene.
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