Air travel processing time could reach 6 hours soon – AITA warns

Air travel processing time could reach 6 hours soon – AITA warns

Air travel processing time could reach 6 hours soon – AITA warns   The over 290-member airlines’ body, International Air Transport Association (IATA), has warned that the time required to process air travelling could hit 5 hours and 50 minutes soon except smart solutions are deployed to address the situation. This is as the body also disclosed that, already, the duration has doubled due to new measures demanded to curtail the spread of Coronavirus pandemic. IATA said: “Pre-COVID-19, passengers, on average, spent about 1.5 hours in travel processes for every…

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SEC moves to address solid minerals challenges via commodity exchanges

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SEC moves to address solid minerals challenges via commodity exchanges     The Securities and Exchange Commission (SEC) is seeking to collaborate with the Ministry of Mines and Steel Development to address some of the challenges faced by the solid minerals sector through the commodity exchanges. This was stated by Director General of SEC, Mr. Lamido Yuguda, during a meeting with the Minister of State for Solid Mineral, Dr. Uchechukwu Ogah, in Abuja, at the weekend Yuguda disclosed that the core function of a commodity exchange is to create markets…

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Danbatta shares experience on regulatory model for Nigeria’s digital inclusion

Danbatta shares experience on regulatory model for Nigeria’s digital inclusion

L-R: Mr. Ibrahim Galadima, Head, International Affairs, Nigerian Communications Commission (NCC); Mr. Teofilo Lopes, Head of Delegation from Guinea-Bissau; Prof. Umar Garba Danbatta, Executive Vice Chairman/Chief Executive Officer, NCC;  Dr. Ikechukwu Adinde, Director, Public Affairs, NCC during a benchmarking courtesy visit  to the Commission in Abuja recently.      …As Guinea Bissau visits NCC on benchmarking tour   The Executive Vice Chairman/CEO of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has shared his experiences on some of the regulatory models, approaches and best practices being implemented by the Commission in…

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Nigeria targets $700m yearly from sugar backward integration

Nigeria targets $700m yearly from sugar backward integration

Nigeria targets $700m yearly from sugar backward integration     Dangote Sugar Refinery Plc has urged the government to faithfully follow through with the Backward Integration Policy (BIP) in the sugar industry as the nation stands to rake in foreign exchange up to $700millon yearly from Sugar production self-sufficiency. Chairman of Dangote Sugar Refinery Aliko Dangote while addressing shareholders, at the company’s 15th yearly general meeting held in Lagos recently said, allowing for distortions in the sugar masterplan framework will adversely affect the target of the nation attaining self-sufficiency as…

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Local hosting saves Nigeria $40m annual capital flight

Local hosting saves Nigeria $40m annual capital flight   Increase in the number of data being hosted locally in Nigeria is saving the country about $40 million every year, the Chief Executive Officer of Internet Exchange Point of Nigeria (IXPN), Mr. Muhammed Rudamn, has said. According to him, this amount is being saved on local internet traffic, which increased to 60 per cent in 2020 from less than one per cent in 2006. Speaking at a forum organised by the Nigeria Information Technology Reporters Association (NITRA), Rudman said efforts of…

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