Business
Shake-Up As FG Appoints Acting MD For NAMA, Redeploys Directors In NCAA, FAAN, Others
The Federal Government has approved the appointment of Mr. Mathew Lawrence Pwajok, a former Director of Operations as the Acting Managing Director of the Nigerian Airspace Management Agency (NAMA).
This follows the expiration of the tenure of Captain Fola Akinkuotu, on January 7, 2021.
Minister of Aviation, Senator Hadi Sirika conveyed Pwajok’s appointment in a letter.
Pwajok, who retired from service in December, was directed by a letter from the Human Resource Management of the Ministry with reference number FMA/ PS/ APPT/ CEO/014/1/23.
The letter titled: “Appointment of Director to Oversee the Office of the Managing Director/CEO and signed by A.D Muhammad for the Minister was directed to the immediate past MD.
“I am directed to inform you that the honourable minister has approved that Mr. Pwajok Mathew Lawrence, Director of Operations oversee the Office of the Managing Director/ CEO pending the appointment of a substantive MD/CEO.”
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“You are to kindly accord the director all the necessary support and cooperation he needs while overseeing the office. While thanking you for your usual cooperation, please accept the esteem regards of the honourable Minister.”
Daily Trust reports that the Federal Government had approved Akinkuota as NAMA MD on January 7, 2017, at a time other heads of aviation agencies were also named. His appointment was for a period of five years in accordance with the Act establishing the agency.
Daily Trust reports that the Ministry also carried out major shake-up in other Aviation agencies.
For instance in the Federal Airports Authority of Nigeria (FAAN), the Minister approved the re-appointment and redeployment of some Directors and Special Assistants.
A letter signed by the Director, Human Resources Management, S.D. Muhammed dated January 12, 2022, with reference number FM/PS/APPT/CEO/014/1/12 addressed to the Managing Director of FAAN, Capt. Rabiu Yadudu, said, “I am directed to inform that the Minister of Aviation has approved the re-appointment and redeployment of Directors and Special Assistants in the office of the Minister and the agencies as indicated in the attached list”.
“Officers deployed to the Minister’s Office are to continue to draw salaries and other entitlements from the agencies of deployment. I am also requesting that all handing and taking over exercise where applicable be completed before the close of work on January 21, 2022”.
Also in FAAN, Anozie Hanarius was reappointed director, Human Resources, Aboderin Adenike retained her position as Director, Finance, and Administration.
Also reappointed were Abdulkadir Rafindadi and Capt Yusuf Muye as Commercial and Business Development and Operations respectively while Alli Maina has been appointed Director, Engineering just as Gold Bridget Iwinose heads the Legal Unit.
In the Nigerian Civil Aviation Authority, Adamu Wakili has been appointed Director, Human Resources, Capt Chris Najomo, Director Air Transport Regulation whose appointments took effect from January 7, 2022.
Bahagio Agio who was first appointed as an Operations, Licensing & Training Standards on September 2, 2017, retained his position; Odunowo Tayib who was first appointed as Director of Aerodrome and Airspace Standards in 2017 retained his position.
Also, Sani Bilikisu and Ajiboye Isiak retained their position as Director of Finance & Accounts and Director, Airworthiness Standards respectively.
Musa Mai Sallau who was first appointed as a Director in May 1990 got reappointed as Director, Human Resources in the Nigerian Airspace Management Agency (NAMA).
Alhaji Umar Farouk Ahmed retained his position as Director, Engineering and Electronics, NAMA while Pwajok Lawrence Mathew who retired after 35 years of service was re-appointed as a Director and has been asked to oversee NAMA.
At the Accident Investigation Bureau (AIB), Capt Dayyabu Danraka who was first appointed as Director of Operations got his appointment confirmed and retained his position.
Mohammed Wali is Director, Engineering, Salisu Auwal is now Director, Human Resources and Kakangi Aliyu is Legal Adviser.
At the Nigerian Meteorological Agency (NiMET), retained his position as Director, Human Resources, Charles Anosike was appointed as Director AMS, Abdul Ahmed, Director, Legal; Saad Bashie, director, Director, Engineering and Technical Services; Abba Mailabi Yusuf is Director, Weather Forecasting Services, Effiom Essien Oku appointed Director, Research and Training and Hamza Sani Hamza as Director, Finance and Accounts.
Daily Trust
Railway
Lagos Rail Mass Transit part of FG free train ride – NRC
Lagos Rail Mass Transit part of FG free train ride – NRC
The Nigerian Railway Corporation (NRC) has disclosed that the Lagos Rail Mass Transit (LRMT) trains are included in the Federal Government’s free train ride initiative for the Christmas and New Year celebrations.
The LRMT, which currently includes the Phase 1 Blue Line Rail and the Phase 1 of the Red Line Rail, operates under the Lagos Metropolitan Area Transport Authority (LAMATA).
This announcement was made by Ben Iloanusi, the Acting Managing Director of the NRC, during an interview on NTA News TV on Friday, following the launch of the initiative earlier that day.
While Iloanusi stated that Phase 1 of both the Blue Line and Red Line Rail projects are part of the program, LAMATA has yet to confirm this inclusion.
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Iloanusi outlined the other routes benefiting from the scheme, which include the Lagos-Ibadan Train Service, Kaduna-Abuja Train Service, Warri-Itakpe Train Service, Port Harcourt-Aba Train Service, and the Bola Ahmed Tinubu Mass Transit in Lagos. Notably, little was previously known about the Bola Ahmed Tinubu Mass Transit service until this disclosure.
“Let me mention the routes where this free train service is happening. We have the Lagos-Ibadan Train Service, we have the Kaduna-Abuja Train Service, we have the Warri-Itakpe Train Service, we have the Lagos Rail Mass Transit trains, we have the Port Harcourt-Aba Train Service, and we have what we call the Bola Ahmed Tinubu Mass Transit, which is also in Lagos,” he stated.
Iloanusi provided operational updates, stating that passengers nationwide can access free tickets online or, for those unable to do so, at train stations where they will be profiled and validated.
He noted that passengers using NRC-managed services (excluding the Lagos Rail Mass Transit) should reserve tickets via the official website, www.nrc.gov.ng, with a valid ID required. He also advised travelers to plan, arrive on time, and bring valid identification.
Lagos Rail Mass Transit part of FG free train ride – NRC
Business
NNPC denies claim of Port Harcourt refinery shutdown
NNPC denies claim of Port Harcourt refinery shutdown
The Nigerian National Petroleum Company Limited (NNPCL) has denied claims in media reports that the newly refurbished Port Harcourt refinery has shut down.
The national oil company denied the claim in a press release issued by its Chief Corporate Communications Officer, Olufemi Soneye, on Saturday.
Soneye said the claim was false and urged Nigerians to disregard it. He stressed that the Port-Harcourt Refinery is fully operational.
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The statement read, “The attention of the Nigerian National Petroleum Company Limited (NNPC Ltd.) has been drawn to reports in a section of the media alleging that the Old Port Harcourt Refinery which was re-streamed two months ago has been shut down.
“We wish to clarify that such reports are totally false as the refinery is fully operational as verified a few days ago by former Group Managing Directors of NNPC.”
He noted that preparation for the day’s loading operation is currently ongoing, and added that claims of the shutdown are “figments of the imagination of those who want to create artificial scarcity and rip-off Nigerians.”
NNPC denies claim of Port Harcourt refinery shutdown
Business
CBN permits BDCs to buy up to $25,000 FX weekly from NFEM
CBN permits BDCs to buy up to $25,000 FX weekly from NFEM
The Central Bank of Nigeria (CBN) has granted Bureau de Change (BDC) operators temporary permission to purchase up to $25,000 weekly in foreign exchange (FX) from the Nigerian Foreign Exchange Market (NFEM).
The Central Bank of Nigeria (CBN) has granted Bureau de Change (BDC) operators temporary permission to purchase up to $25,000 weekly in foreign exchange (FX) from the Nigerian Foreign Exchange Market (NFEM).
This move, detailed in a circular dated December 19, 2024, is designed to meet seasonal retail demand for FX during the holiday period.
The circular was signed by T.G. Allu, on behalf of the Acting Director of the Trade and Exchange Department.
The arrangement will be in effect from December 19, 2024, to January 30, 2025.
Under the directive, BDCs may purchase FX from a single Authorized Dealer of their choice, provided they fully fund their accounts before accessing the market.
Transactions to occur at the prevailing NFEM rate
The transactions will occur at the prevailing NFEM rate, and BDCs are required to adhere to a maximum 1% spread when pricing FX for retail end-users.
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All transactions conducted under this scheme must be reported to the CBN’s Trade and Exchange Department.
The circular read in part:
“In order to meet expected seasonal demand for foreign exchange, the CBN is allowing a temporary access for all existing BDCs to the NFEM for the purchase of FX from Authorised Dealers, subject to a weekly cap of USD 25,000.00 (Twenty-five thousand dollars only).
This window will be open between December 19, 2024 to January 30, 2025.
“BDC operators can purchase FX under this arrangement from only one Authorized Dealer of their choice and will be required to fully fund their account before accessing the market at the prevailing NFEM rate. All transactions with BDCs should be reported to the Trade and Exchange department, and a maximum spread of 1% is allowed on the pricing offered by BDCs to retail end-users.”
The CBN assured the general public that PTA (Personal Travel Allowance) and BTA (Business Travel Allowance) remain available through banks for legitimate travel and business needs.”
These transactions are to be conducted at “market-determined exchange rates” within the NFEM framework.
This initiative reflects the CBN’s strategy to stabilize the FX market and manage seasonal surges in demand.
CBN permits BDCs to buy up to $25,000 FX weekly from NFEM
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