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
FMCT Unlocks NIPOST, Targets 300,000 Jobs
Ministry of Communication Technology (FMCT) has perfected plans to unlock the Nigeria Postal Service (NIPOST) in order to create 300,000 agents who will drive financial inclusion, amongst other initiatives, according to the FMCT Progress Report on Projects & Programmes Implementation obtained by Nigeria CommunicationsWeek.
The report, said that the ministry, the NIPOST and the Central Bank of Nigeria (CBN), in conjunction with the Infrastructure Concession Regulatory Commission (ICRC) and the Bureau of Public Enterprises (BPE) have embarked on a project that will result in leveraging the postal network to deliver financial services to the people.
The scheme will ensure financial inclusion of under-served areas by banks and people that are traditionally marginalized by such institutions and are considered as living at the “bottom of the pyramid”.
To achieve the aim, the Federal Government through its public-private participation initiative is tinkering on NIPOST composition with the objective to establish a network of over 300,000 agents all across Nigeria.
In the report which covered July 2011 to February 2014, the Ministry disclosed government’s interest to reach the rural dweller, pointing out that postal outlets have relatively good presence in the 774 Local Government Areas and consequently can contribute substantially to bringing financial services nearer to the rural population.
Whilst 32% of Nigerians live or work between five and fifteen minutes of a bank branch, the rest 61% live or work between five to fifteen minutes of a post office.
Speaking to Nigeria CommunicationsWeek on the impact of the 300,000 for “Agent Banking”, Mr. Sola Bickersteth, director, One Network, said that “In a short while, the public will begin to feel the impact of the scheme, because we would have moved to the streets and begin full scale operations. The scheme will start will 50,000 trained officers to be dispatched to 1,200 NIPOST outlets across the country”.
One Network is an industry-focused organisation, recognised by the Central Bank of Nigeria (CBN) as agent manager, providing agent locations for mobile money operators across the country.
Bickersteth said that “It is just like in Banking; the chief executives are people with impeccable character and grounded in the professional ethics. Agent banking is such a scheme that requires competent people who will make the right decisions.
Financial inclusion in Nigeria, for instance, is still at its low ebb. For instance, in 2012, only 28.6 million out of total of 87.9 million Nigerian adults had access to financial services and most unbanked people live in the rural areas.
One reason stakeholders identified as causative of the plight was unavailability of bank branches to potential customers.
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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