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
Gartner says Global IT Spending to Reach $3.7trn in 2013
Worldwide IT spending is projected to reach $3.73 trillion in 2013, a 4.2 per cent increase from $3.58 trillion in 2012, according the latest report from Gartner, a research firm.
Gartner said in a statement that much of this spending increase is the result from projected gains in the value of foreign currencies versus the dollar, adding that in constant currency, spending growth in 2013 is expected to be 3.9 per cent.
The 2013 outlook for IT spending growth in US dollars has been revised upward from 3.8 per cent in the Q3 2012 forecast.
“Uncertainties surrounding prospects for an upturn in global economic growth are the major retardants to IT growth. This uncertainty has caused the pessimistic business and consumer sentiment throughout the world,” Richard Gordon, Gartner managing vice president said.
However, much of this uncertainty is nearing resolution, and as it does, Gartner expects accelerated spending growth in 2013 compared to 2012, he added.
Worldwide devices spending which includes PCs, tablets, mobile phones and printers, is forecast to reach $666 billion in 2013, up 6.3 per cent from 2012.
However, this is a significant reduction in the outlook for 2013 compared with Gartner’s previous forecast of $ 706 billion in worldwide devices and 7.9 per cent growth.
The long-term forecast for global spending on devices has been reduced as well, with growth from 2012 through 2016 now expected to average 4.5 per cent annually (from 6.4 per cent).
These reductions reflect a sharp reduction in the forecast growth in spending on PCs and tablets that is only partially offset by marginal increases in forecast growth in spending on mobile phones and printers, Gartner said.
“The tablet market has seen greater price competition from Android devices as well as smaller, low-priced devices in emerging markets,” Gordon said.
Worldwide enterprise software spending is forecast to total $296 billion in 2013, 6.4 per cent up from 2012. This segment will be driven by key markets like security, storage management and customer relationship management.
Beginning 2014, markets aligned to big data and other information management initiatives, like enterprise content management, data integration tools, and data quality tools will see increased levels of investment, Gartner said.
The global telecom services market continues to be the largest IT spending market. From $ 1.66 trillion in 2012, this segment is estimated to grow 2.4 per cent to $ 1.7 trillion in 2013.
Gartner said growth is expected to be predominately flat over the next several years as revenue from mobile data services compensates for the declines in total spending for both the fixed and mobile voice services markets.
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.
Nigerians Lose N4.8 Trillion to Scams Since 2016
Air Peace Suspends Flight Operations Nationwide
FG Rakes in N1.2 Trillion from Banks’ VAS
CITN Tasks New Tax Professionals to Shape Fiscal Policies for Efficient Tax System
Union Bank’s Edu360 Initiative Scores Big for Nigerian Football Development
Telecom3 days agoDigital Transformation Remains Africa’s Gateway to Economic Advancement – Adumike
Telecom3 days agoPAFON 2.0: Experts Discuss Pathways to Boost Financial Inclusion in Nigeria
General News3 days agoEFCC Clarifies SCUML Certificate Misuse amid CBEX Ponzi Scheme Scandal
Telecom2 days agoMTN Nigeria Faces Class Action Lawsuit over Alleged Data Mismanagement
General News2 days agoFG to Introduce New Tax Credit Scheme to Replace Pioneer Status Incentive
E-Financial2 days agoFCMB Capital Markets Leads ₦11.85bn GLNG Bond for LNG Plant Expansion
E-Financial3 days agoCBN, NGX Group Defend Economic Reforms at Nasdaq
Telecom2 days agoNigeria Hits 1 Terabit Internet Traffic Milestone