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
ASUU Strike: Banks Union, Others Threaten to Shut Down Operations
National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) said it would shut all financial institutions to join the Nigeria Labour Congress (NLC) in its solidarity strike over the lingering Academic Staff Union of Universities (ASUU) strike.
This is coming as Association of Nigeria Aviation Professionals (ANAP) and the National Association of Aircraft Pilots and Engineers (NAAPE) have also threatened to shut down airports in solidarity with the striking ASUU.
The Nigeria Labour Congress had directed its members to embark on a nationwide protest on July 26 and 27 in solidarity with ASUU.
NUBIFIE in a statement by Anthony Abakpa, its national president, and Mohammed Sheikh, general secretary, said “if, after the one-day protest by NLC on this issue nothing is done, the union will have no other option than to call out all our members in banks, insurance and other financial institutions in solidarity with ASUU.”
Also Abdulrasaq Saidu, ANAP general secretary, in a statement, called on the federal government to end the strike without further delay.
He said the protracted strike had led to an increase in social vices by students and ridiculed Nigeria’s educational system, making it a laughing stock.
“ASUU, NASU, SAUTHRIAI, NAAT had been on strike for more than four months due to the apparent failure of government to sign the re-negotiated 2009 agreement with ASUU, failure to honour the terms reached at in the May 2022 MoU signed with ASUU, and habitual failure of government to respect collective bargaining agreements willingly signed with labour unions.
“Our children are using eight years to read courses of four years with resources being wasted. We cannot continue this way.”
Similarly, NAAPE in a statement by Umoh Ofonime, its deputy general secretary, said the refusal of the federal government to honour the agreement signed with the union since 2009 “is very disturbing considering the negative impact the prolonged strike will create in the life of these children.”
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.
International Monetary Fund (IMF) has revised downward its economic growth forecast for Nigeria in 2025 to 3.0%, a 0.2 percentage point cut from its earlier projection of 3.2%.
The downgrade is attributed to a decline in global crude oil prices, which remain a significant driver of Nigeria’s economy.
The updated figures were published in the IMF’s April 2025 World Economic Outlook (WEO) report, released in Washington, DC, during the ongoing Spring Meetings of the IMF and the World Bank.
The report outlines global and regional economic trends, highlighting continued vulnerability among oil-dependent economies.
According to the IMF, growth across sub-Saharan Africa is also expected to experience a modest decline, with projections falling from 4.0% in 2024 to 3.8% in 2025. However, a slight recovery is anticipated in 2026, with growth forecasted at 4.2%.
Nigeria, Africa’s largest economy, was singled out in the report as among the major economies affected by falling oil prices. The IMF noted that the country’s 2026 growth forecast has also been revised downward by 0.3 percentage points.
The IMF further reported similar economic challenges in other African countries. In South Africa, growth projections were adjusted downward by 0.5 percentage point for 2025 and 0.3 percentage point for 2026.
These revisions reflect weakening economic momentum following a lacklustre 2024, growing uncertainty, a rise in protectionist economic policies, and the impact of a broader global slowdown.
In a more severe adjustment, the IMF slashed South Sudan’s 2025 economic growth forecast by a staggering 31.5 percentage points.
The sharp decline is linked to delays in the resumption of oil production after a major pipeline sustained damage, significantly impacting the country’s revenue and export capacity.
The IMF’s outlook underscores the fragility of economies heavily reliant on natural resources and the ongoing risks posed by global market volatility.
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