This is contained in a statement signed by Dr Ejike Ndiulo, head of Corporate Communications, Air Peace, on Wednesday in Lagos.
According to Ndiulo, the decision is necessary because NiMet is the agency responsible for issuing CNH (Current Nowcast of Hazardous Weather) reports, critical for safe landings, especially during this season of heavy rainfall and thunderstorms.
He said without these reports from the control tower, flight safety could not be guaranteed.
“As a safety-first airline, we have chosen to act responsibly by suspending operations until NiMet resumes full service.
“We understand this may cause inconvenience, and we sincerely apologise. Passengers will be contacted with updates and options for rescheduling,” he said.
The staff of NiMET on Tuesday commenced an indefinite strike over the condition of service and other demands.
News
Alton Rues Boko Haram Attacks, Effects on QoS
Association of Licensed Telecommunications Operators of Nigeria (Alton) has said that the attacks and destruction of telecommunications Base Transceiver Stations (BTS) and other infrastructure in Northern Nigeria have limited the ability of millions of Nigerian subscribers to access telecommunications services.
Alton in its first official statement after last week’s wanton attacks said that these unfortunate incidents were against the common good of all citizens of Nigeria.
Engr. Gbenga Adebayo, chairman of the umbrella body of licensed operators said “millions of Nigerians have suffered severe difficulties with communication, financial and other losses as a result of the attacks”
The attacks which lasted four days beginning from the early hours of September 5 to 8 resulted in severe service disruptions in the areas primarily affected.
The impacts of the attacks have also been felt in other parts of the country particularly in areas of the North.
Adebayo reiterated the association’s call on the Federal Government to declare all ICT and Telecommunications facilities as a critical National security infrastructure, with immediate effect.
The Alton boss said that ‘it is imperative for the Federal Government to provide the necessary protection to such facilities in the national interest. The infrastructure built and owned by the telecommunications industry is the springboard to an ICT revolution in Nigeria and they are essential for Nigeria’s socio-economic advancement”
Alton specifically called on the National Assembly to pass into law relevant Legislation to assure the protection of ICT and telecommunications infrastructure across the country as a matter of urgency.
“This will ensure the appropriate legal framework for infrastructure protection and thereby ensure that growth and development objectives which leverage on the seamless availability of telecommunications infrastructure are more efficiently achieved”
Adebayo also on behalf of the association thanked the Inspector General of Police, the security and intelligence, Nigerian Communications Commission and other stakeholders for the support received since the attacks commenced.
He also thanked host communities whose vigilance and support have prevented further attacks to infrastructure within their communities.
The Nigerian federal government announced that the Electronic Money Transfer Levy (EMTL) generated $49.5 million in revenue, with fintech companies contributing $18 million.
This fund, as reported by the Federation Account Allocation Committee, is a considerable 56.80 percent increase over the $31.6 million earned during the same period in 2024.
Previously, the charge mainly affected established banking institutions. However, fintech firms have been included because they have contributed a phenomenal 2,507.94 percent growth in transaction values since 2020.
The EMTL is part of the government’s attempt to regulate the booming fintech sector, which completed transactions worth $29 billion in 2023 and $49.3 billion in 2024.
The EMTL was created by the Finance Act 2020 as an amendment to the Stamp Duty Act. It charges $0.03 (N50) for electronic transactions of $6.19 (N10,000) or more made through banks and financial institutions.
This tax seeks to capitalise on the increasing expansion of electronic payments, which will exceed $619.70 billion in total transactions by 2024.
In response to the burgeoning fintech sector, the government has increased its tax base, with annual EMTL collections expected to increase by 31.35 percent.
According to the Medium Term Fiscal Framework for 2025-2027, the federal government expects EMTL revenue to reach $142 million in 2025, up from $108 million in 2024.
However, industry experts have expressed concern about the potential impact of additional taxes on users.
The National Information Technology Development Agency (NITDA) is pleased to announce the inaugural meeting of the Startup Consultative Forum, scheduled for Monday April 28, 2025 This milestone event marks a significant step in deepening stakeholder engagement within Nigeria’s growing startup ecosystem.
The Forum will serve as an interactive platform for startup founders, innovators, ecosystem enablers, and intermediaries to actively shape national policies that foster growth, attract investment, and drive digital innovation.
Convened under the framework of the Nigeria Startup Act (NSA), this initiative reflects the government’s commitment to making startups not just stakeholders but key contributors in building an enabling environment for innovation.
The meeting will emphasize collaborative dialogue, with a primary focus on nominating and selecting representatives for the National Council for Digital Innovation and Entrepreneurship (Startup Council)—Nigeria’s highest advisory body for the startup ecosystem. Decisions from this Forum will lay the foundation for inclusive policy development, amplifying the voices of Nigeria’s tech and innovation community.
NITDA invites all Labelled Startups, Verified Entrepreneurial and Innovation Support Organisations, Angel Investors, Venture Capitalists, and other relevant stakeholders to join the Forum and actively participate in the nomination and voting process.
Join us in shaping the future of digital innovation in Nigeria. Together, we can build a thriving ecosystem that supports and celebrates the pioneering spirit of Nigerian startups.
Fintechs Add $18 million to New Tax Initiative
ALX Nigeria Launches 2025 Ventures Incubator, Premieres Pan-African “Do Hard Things” Finale
CBN Puts Accumulated Savings, Liquid Assets by Nigerians at N75.65trn
FBNQuest Trustees Hosts Estate Planning Summit in Port Harcourt
Insurance Bill Seeks Compensation for Customers of Failed Firms
Telecom2 days agoNigeria Hits 1 Terabit Internet Traffic Milestone
General News2 days agoFG to Introduce New Tax Credit Scheme to Replace Pioneer Status Incentive
Telecom2 days agoMTN Nigeria Faces Class Action Lawsuit over Alleged Data Mismanagement
E-Financial2 days agoFCMB Capital Markets Leads ₦11.85bn GLNG Bond for LNG Plant Expansion
News2 days agoIMF Downgrades Nigeria’s Economic Growth Forecast Amid Oil Price Decline
Telecom2 days agoMart Networks Unveils Invinsense 6.0: AI-Powered Cybersecurity Revolution in Africa
News2 days agoNITDA Fixes Date for Inaugural Meeting of the Startup Consultative Forum
E-Financial2 days agoHow Nigerian Banks Earned N14.26 Trillion in Interest Income in 2024