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
Lagos RDC Gets N200m Matching Grant
Gov. Babatunde Fashola of Lagos State has inaugurated the state Research and Development Council with an initial working grant of N200 million, saying that that research and development would define the lives of citizens in more ways than they could possibly perceive.
The council was constituted to generate ideas that would enrich government policies and offer solutions to some of the state’s major challenges.
The 10-member Council that the objective behind Government’s initiative was to establish a nucleus of research and development personnel who it feels have the capacity to develop something that could help the State and the country.
“As a Government we want to get people who we feel have the capacity and probably move from there to probably a board for the expression of interest in developing something that can help this State, that can help this country and we help you fund it. We think the community will be better for it”, the Governor said.
Noting that there is a disconnect between the society and the universities or what he termed “the town and the gown”, Governor Fashola expressed dismay that Nigeria has become a destination for mosquito nets which she does not manufacture whereas it is possible for her citizens to eradicate Malaria and mosquitoes in the country.
“I have been personally challenged about how, perhaps, we cannot eradicate Malaria and mosquitoes in this country when such was achieved during the construction of the Panama Canal. We are just a destination for mosquito nets that we do not manufacture and so many other things”, the Governor said.
Professor Akinyinka Omigbogun, a Professor of Obstetrics and Gynacology, University of Ibadan whio is also a Council member expressed pleasure in the idea of the Council describing it as a worthwhile venture.
According to him, “If there is anyway universities can make any impact in any society apart from teaching, it is research. This is what drives development”.
He said he accepted to participate “because I see the record set by the Governor in the development of the State and because he is a person to be trusted”, adding that one of the ways to consolidate the development going on in the State was through research.
Another member, Professor Oyelowo Oyewo of the Department of Public Law, University of Lagos, in his own remark, reiterated that there has been a disconnect between the Academia and the society adding that the society has, as a result, found itself thirsty in the midst of water.
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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