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
Path Solutions Completes Implementation of iMAL Islamic @ Hijra Bank
The newly formed interest-free Hijra Bank S.C. in Ethiopia has gone live successfully on iMAL Islamic core banking platform on September 4th, 2021, only one month after signing with Path Solutions, the only AAOIFI-certified financial technology firm.
Hijra Bank has benefited from accelerated project timelines which have massively reduced the cost of deployment. It is the first Ethiopian bank to implement the said platform.
Following the legislation of the interest-free banking proclamation, the National Bank of Ethiopia (NBE) has given the green light to Hijra Bank, the second full-fledged interest-free bank in the country to become operational in 2020.
At that time, Mukemil Bedru, the board Chairperson acknowledged the dearth of skilled personnel and the procurement of Sharia-based core banking technology as most core banking systems available in the market are not designed to accommodate Islamic banking.
“There are only a handful of companies providing core banking systems specifically designed as per the Sharia law”, he said. After a rigorous selection process, the bank finally selected iMAL from Path Solutions. A key factor in their decision to select next-generation iMAL is a combination of Sharia compliance, feature-rich functionality and affordability.
“We worked closely with Path Solutions’ agile and passionate team to go live in record time. We are proud to be partnering with them to reshape the Ethiopian banking landscape, and to working towards Hijra Bank’s vision to become the country’s leading interest-free bank”, Bedru commented.
“Our bank is now well positioned to leverage technology innovation to drive operational efficiencies and introduce new products and services to market quickly. Bringing the community interest-free banking products and services will have a positive contribution toward the country’s economy and the entire society”.
“Hijra Bank has set a very challenging task to go live within one calendar month from the start of the project, and we are pleased to announce that the bank has gone live successfully within exactly one month from kickoff.
The speed with which the bank has reached go live is testament to Hijra’s leadership team managing flowless execution, to our team’s know-how, capabilities and experience, and to the platform’s elasticity and flexibility, and it’s one of the main reasons why Hijra Bank chose iMAL as their Sharia-compliant software platform”, stated Mohammed Kateeb, Path Solutions’ Group Chairman & CEO.
“Hijra Bank is now empowered to not only realize its growth strategy in a cost-effective way, but also to bring cutting-edge interest-free banking services to the 25 million Muslims in the country”, he said.
Path Solutions has a worldwide reputation for robust, innovative interest-free banking software, fast implementations combined with extensive presence and commitment to the African continent. This partly remote implementation has enabled Hijra Bank to open its doors to customers in the shortest possible time of only one month.
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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