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Standard Delivery Services is Competition Friendly – Igwe

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Cyril Igwe is the managing director of Standard Delivery Services Limited, a subsidiary of Ekwos Transport. The company was established in 2003 as a transport courier company meant to ride on the parent company’s logistics to compete with others in the burgeoning postal and courier business in Nigeria. Igwe revealed that Chief Anthony Egbosimba, the chairman of the company had the vision to establish the courier outfit given the number of luxury buses he has even as he also informed that the rise of movement of goods sometime at the turn of the 90s as a result of e-commerce heightened the decision of their chairman in floating the courier company.

Igwe said the evolution of e-commerce threw up the challenge of high volume of goods that were trooping into the country to the extent that most of the conventional courier companies then were overwhelmed by such development. As a result of this, Igwe said customers naturally went to luxury bus owners and other transporters asking them to assist in the movement of goods. He said this informed the direction and vision of their chairman to establish the company to work along those routes his buses were plying then. Over the years the company saw the need to expand its haulage destinations to include Bauchi, Gombe, Yola, Kano and Kaduna as revealed by Igwe.

Igwe talked about competition in the courier business and said that without it the business would have been uninteresting. He said the transport courier companies have advantage over their conventional courier competitors as they have a larger capacity to move larger quantities of good at a time and can afford to move those volumes of items at a very competitive rate and as well deliver them professionally. He said the influx of customers at their offices is a testimony that they are doing well.

Igwe said the courier industry in Nigeria is very large and can conveniently feed the practitioners and even accommodate new courier industries coming up saying that our economy is very rich and has so many extractions of ancillary businesses which are yet to be tapped in the industry .However, he asked the government to give the system some enhancement to ensure that the courier business survives

He said the Courier Regulatory Department (CRD) of Nipost is doing wonderfully well within the circumstances which it operates in regulating the postal and courier sector.

The courier industry according to him is part of the whole economy and lamented that the whole economy is crying of infrastructure which he said is affecting the courier business. He said the industry could do a lot more if basic infrastructure had been put in place.

On the services of the company, Igwe said they are involved in nationwide delivery, city delivery, door-to-door delivery, hold for collection, haulage and a wide range of other services. The courier company is planning to increase its fleet in the next few weeks to keep to its promise of delivering premium services to its esteemed customers.


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E-Financial

FG Makes u-Turn on Bank Account Re-Registration

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Federal government on Friday apologised for asking all account holders in financial institutions in the country to re-register their personal details.

FG makes u-Turn on Bank Account Re-Registration

Recall that the federal government had on Thursday ‎ordered that all persons holding accounts across financial institutions and insurance firms should complete and submit self-certification forms to their respective financial institutions.

The notice issued by the government to that effect read, ‎“This is to notify the general public that all account holders in Financial Institutions (Banks, Insurance Companies, etc.) are required to obtain, complete, and submit Self – Certification Forms to their respective Financial Institutions.

“Persons holding accounts in different financial institutions are required to complete and submit the form to each one of the institutions. The forms are required by the relevant financial institutions to carry out due diligence procedures, in line with the Income Tax Regulations 2019.‎”

The directive raised eyebrows, as account holders already possessed Bank Verification Numbers.

Following widespread condemnation that trailed the directive, the Federal Government backtracked on Friday, saying the fresh guidelin‎e was not for all Nigerians.

The government attributed the development to misinformation.

The clarification issued by the government on Friday read, ‎“We apologise for the misleading tweets (now deleted) that went up yesterday, regarding the completion of self-certification forms by Reportable Persons. The message contained in the notice does not apply to everybody. ‎FIRS will clarify Nigerians on the objectives of the directive.”

Also on Friday, FIRS, in a statement posted on Twitter, explained that the guidelines were only for non-residents, as well as people paying tax in more than one country.

Parts of the FIRS statement read, “The Self Certification Form is basically to be administered on Reportable Persons, holding accounts in Financial institutions, that are regarded as “Reportable Financial Institutions” under the CRS.

“Reportable persons are often non-residents and other persons, who have residence for tax purposes in more than one jurisdiction or country.”

“The information that indicates an account holder is a resident for tax purposes in more than one jurisdiction, is expected to be available to Financial Institutions during account opening processes, for the KYC and AML purpose.”


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FG Bans Emirates Airlines from Operating in Nigeria

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Federal Government has included Emirates Airlines in the list of airlines not allowed to operate in Nigeria.

FG Bans Emirates Airlines from Operating in Nigeria

This is part of measures to curb the spread of COVID-19 in the country.

Hadi Sirika, minister of Aviation, confirmed this via his Twitter handle on Friday.

According to Sirika, the decision was taken following a meeting between the Presidential Task Force (PTF) and European Unions (EU).

The ban would take effect from Monday, September 21, 2020.

“The PTF sub-committee met today with EU Ambassadors to discuss Lufthansa, Air France/KLM ban.

“The meeting progressed well. Emirates Airlines’s situation was reviewed and they are consequently included in the list of those not approved, with effect from Monday the 21st September 2020,” Sirika tweeted.


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Satellite Operators Push New Signal across Africa, Indian Ocean Regions

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The Agency for Air Navigation Safety in Africa and Madagascar (ASECNA), has started to broadcast a Satellite-Based Augmentation System (SBAS) signal over Africa and Indian Ocean (AFI), providing its first open service in the region via NIGCOMSAT-1R Satellite managed and operated the by Nigerian Communications Satellite Ltd., under the Federal Ministry of Communications and Digital Economy.

Satellite Operators Push New Signal across Africa, Indian Ocean Regions

This early open service is provided as part of the programme, which pursues the autonomous provision SBAS services in Africa, to augment the performances of the satellite navigation constellations GPS and Galileo.

With improved accuracy to within a meter, and boosted integrity, availability, and continuity of safety-related applications, these SBAS services will improve flight safety and efficiency in Africa, and also benefit the economy in many areas as land, sea, and rail transport, as well as mass-market applications, supporting user safety, cost-effectiveness, and sustainable development.

The launched open service essentially aims to carry-out technical trials, and to undertake partner airlines field demonstrations for aircraft and rotorcraft, to demonstrate the benefits of the future operational safety-of-life SBAS services, expected from 2024. It will also include early Precise Point Positioning (PPP), and emergency warning service to populations, which performance will be proven through other demonstrations.

The signal-in-space is generated by a dedicated system tested, developed as part of the “SBAS for Africa and Indian Ocean” preliminary design phase, financed by the European Union, and awarded to Thales Alenia Space, Joint Venture between Thales (67 per cent), and Leonardo (33 per cent).

The “SBAS for Africa and Indian Ocean” is based on the European EGNOS (1) developed by the European Space Agency (ESA), acting under the delegation of the European Commission and operated by the European GNSS Agency GSA.

The system prototype uses as reference stations the SAGAIE network deployed by CNES and ASECNA with the support of Thales Alenia Space.

The signal is broadcasted via the SBAS payload on NigComSat 1R GEO satellite of the Nigerian Communications Satellite, and an uplink station deployed in Abuja, Nigeria.

It is compliant to the standards and recommended practices of the International Civil Aviation Organisation (ICAO), and the minimum operational performance standard developed by the Radio Technical Commission for Aeronautics (RTCA) organisation.

It will be visible in the whole of Africa and the Indian Ocean, up to the West Australian coast, and also in Europe.

Dr. Abimbola Alale, managing director/chief executive officer of NIGCOMSAT, said: “we are proud to be part of this ambitious program to provide satellite navigation services in the Africa and Indian Ocean region. The use of our geostationary communication satellite NIGCOMSAT-1R navigation payload to broadcast the first signal will be Africa’s premier contribution to SBAS as a regional satellite-based augmentation system for the continent.”

On his part, Benoit Broudy, vice president, Navigation Business at Thales Alenia Space in France, said the longstanding expertise acquired with the development of EGNOS1 SBAS in Europe, and KASS SBAS in Korea, combined with the new leading-edge satellite positioning technologies make Thales Alenia the ideal partner to best support countries to implement their own SBAS efficiently.

“The equatorial region represents also a key engineering challenge for such a system due to difficult ionosphere conditions, for which Thales Alenia Space has developed a proven solution,” he stated.

Mohamed Moussa, director-general of ASECNA, said the provision of the first African SBAS early service is a crucial major step forward in the development of satellite navigation in the AFI region, and in the deployment of the “SBAS for Africa and Indian Ocean” system, the navigation solution for Africa by Africa.

He said: “It demonstrates the ambition and commitment of ASECNA to enhance air navigation safety for the benefit of the whole continent, in line with my vision for the unification of the African Sky.”


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