Financial Services Innovators launch Nigerian Industry Innovation Sandbox

The Financial Services Innovators (FSI) – a community of fintech enthusiasts passionate about driving innovation in the financial services industry recently launched the Nigerian Industry Innovation Sandbox at the sidelines of EFInA’s Financial Inclusion Conference in Lagos. This effort which is supported by over N250 million naira in multi-year grant funding from Flourish and EfINA, is intended to lower the barriers to innovation within the financial services ecosystem. With this industry innovation sandbox, any innovators can register as a member of the Financial Services Innovators at www.fsi.ng and access a…

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IATA to improve efficiency of cargo handling audits

The International Air Transport Association (IATA) has launched a new program to raise global standards in cargo handling operations. The Smart Facility Operational Capacity (SFOC) program aims to reduce audit complexity and duplication for cargo handling facilities. This new IATA initiative has two components: • Standardized Global Audit Program: IATA has introduced the Smart Facility Operational Capacity Audit Certification (SFOC Audit Certification) to provide airlines with the assurance that SFOC Certified facilities are adhering to IATA’s Resolutions and Recommended Practices in cargo handling and with IATA’s Cargo Handling Manual (ICHM).…

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BA explores possibility of using 3D printers to create aircraft parts in future

British Airways is exploring the possibility of using 3D printers to create aircraft parts in the future. These printers would be located at airports around the world to reduce delays for customers and emissions caused by transporting items. The airline’s innovators predict that non-essential cabin parts will be first on the list to be generated, including pieces of tray tables, entertainment systems and toilets. While these components do not impact the safe operation of the flight, they can reduce the number of seats or toilets available for customers and cause…

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Arik Air resumes services to Asaba, increases frequency to Owerri

Arik Air has announced the resumption of flight services to Asaba Airport in Delta state. Starting from Wednesday, December 18, 2019, Arik Air will be operating daily flights from Lagos to Asaba. The resumption of flights to Asaba is coming at a time when people are looking for seamless travel during the yuletide. Arik Air’s return to Asaba is nostalgic as the airline was the first to commence commercial flights to Asaba when the airport was inaugurated in 2011. Similarly, Arik Air, in the spirit of the yuletide season, will…

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Stanbic IBTC Bank reaffirms support for growth of Nigerian entertainment

  L-R: Babatunde Onikoyi, Marketing and Communications, Stanbic IBTC Bank; Omotola Jalade-Ekeinde, Convener, TEFFEST; Damian Umeasala, Enterprise Banking, Stanbic IBTC Bank; and Folakemi Toye, Enterprise Banking, Stanbic IBTC Bank at the maiden edition of The Entertainment Fair and Festival Conference (TEFFEST) held in Lagos recently. Stanbic IBTC Bank PLC, a subsidiary of the Stanbic IBTC Holdings PLC, has reaffirmed its interest in the growth of the Nigerian entertainment industry in Nigeria; as the bank is set to support the construction of various cinemas as well as the provision of infrastructure…

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Court sentences Lebanese to 6 months imprisonment for unlawful dealing in Cocaine

Justice Nicholas Oweibo of the Federal High Court, Lagos, today, convicted and sentenced a Lebanese drugs trafficker,  Charbel Chalouhi, to six months imprisonment for unlawful dealing in 1.2 grams of cocaine. Justice Oweibo gave the jail terms after the Lebanese had struck a plea bargain agreement with the prosecuting agency, the National Drugs Law Enforcement Agency (NDLEA). The convict was first arraigned before Justice Nathaniel Ayo-Emmanuel sometimes in October, 2018, after he was arrested at his residence, at 18, flat BB Simon Akinolu street, Victoria Island, on September 10, 2018, for…

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Air Peace dismisses false report linking airline to ceased aircraft in USA

Air Peace has dismissed a false report linking the airline to a ceased aircraft in Atlanta, USA. According to Air Peace media executive, Stanley Olisa, the company does not currently have any aircraft in the US. Olisa stated that linking Air peace to the aircraft that was ceased in the US is the act of mischief makers locally who are bent on tarnishing the image of the airline and its owner. “We have since learnt that the actual owner of the aircraft appeared in court on Tuesday in the US…

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