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April 18, 2023 Warri-Itakpe Trains Set to Return as NBS Say Rail Transport Services Generated N715m in Q3 of 2022
IFMUYONEWS

Warri-Itakpe Trains Set to Return as NBS Say Rail Transport Services Generated N715m in Q3 of 2022

The National Bureau of Statistics says that the Nigerian Railway Corporation generated N715.09 million in revenue from passengers in from October to December of 2022.

This is contained in the NBS Rail Transportation Data for Q3 and Q4 2022 released in yesterday.The report showed a drop of 60.52 per cent compared to the N1.81 billion received in Q3 of 2021.

Similarly, it showed that N101.84 million was collected in Q3 2022 as revenue from goods/ cargos, this dropped by 7.04 per cent from N109.56 million received in Q3 2021.

“Also, other receipts grew by 707.31 per cent in Q3 2022 from the N14.61 million recorded in Q3 2021.”

The report further showed that the number of rail transport passengers in Q3 2022 dropped by 500,348.

“This is lower than the 696,841 recorded in Q3 2021, representing a growth rate of -28.20 per cent. ”

In addition, the report showed that 33,312 tonnes of goods were transported in Q3 2022, compared to 51,726 tons reported in Q3 2021.

The report said the corporation generated revenue of N1.15 billion from passengers in Q4 2022, which indicated a decrease of 39.54 per cent in Q4 2021 which recorded N1.91 billion.

Also, it said revenue generated from goods in Q4 2022 was N157.23 million, which was higher by 63.56 per cent compared to the N96.13 million reported in Q4 2021.

It said other income receipts stood at N382.17 million, an increase of 3,316.18 per cent from the N11.19 million recorded in Q4 2021.

The report said in Q4 2022, the number of passengers increased by 30.10 per cent from 1.03 million persons recorded in Q4 2021 to 1.34 million persons in Q4 2022.

It said the volume of goods transported decreased by 1.50 per cent in Q4 2022.

“However, on an annual basis, the number of passengers increased by 18.36 per cent.”

Meanwhile, the Warri-Itakpe Train Services is set to resume operations on Monday, April 24, 2023, and this is according to The Station Manager, Helma Sani.

Recall that in January 2023, 148 passengers and 38 crew members of a train plying the Warri-Itakpe route were involved in an incidence where the train derailed inside the Kogi forest Ajaokuta and Itakpe. As a result of this, the Nigerian Railway Corporation through the Coordinator of Warri Itakpe Train Service, Sanni Abdulganiyu, suspended rail operations on the corridor, but that suspension is now lifted.

April 17, 2023 Aviaition Unions Begin 2 Days Warning Strike
IFMUYONEWS

Aviaition Unions Begin 2 Days Warning Strike

Aviation Unions in Nigeria have started  a two-day warning strike to protest unpalatable working conditions and entitlements. .

The workers belonging to various unions including National Union of Air Transport Employee, NUATE; Air Transport Services Senior Staff Association of Nigeria, ATSSSAN; National Association of Aircraft Pilots and Engineers, NAAPE, and Association of Nigerian Aviation Professionals, ANAP blocked the entrance to the Murtala Muhammad Airport domestic terminal, leaving many passengers stranded.

NCAA’s Director-General, Civil Aviation, Capt. Musa Nuhu, had called on the union to shelve their planned two-day warning strike with representatives of the unions in attendance.

The Permanent Secretary, Ministry of Aviation, Dr. Emmanuel Meribole who was also at the meeting, also urged the union to halt planned strike action.

But the union disregarded the appeal and insisted on going ahead with their warning strike.

The workers are demanding the approval and implementation of the condition of service (CoS), as agreed between them and the Salaries, Incomes and Wages Commission (NSIWC), the office of the head of civil service of the federation, and other agencies.

Others are the non-implementation of minimum wage consequential adjustments and arrears for the Nigeria Meteorological Agency (NiMet) since 2019 and the planned demolition exercise of all the agency buildings in Lagos by the minister of aviation for an airport city project.

January 7, 2023 CBN Stops Banks from Over-The-Counter Withdrawal of New Notes, Orders Banks to Load ATMs.
IFMUYONEWS

CBN Stops Banks from Over-The-Counter Withdrawal of New Notes, Orders Banks to Load ATMs.

The Central Bank of Nigeria has directed banks to load their Automated Teller Machines with only new notes to ensure that the currency circulates across the nation ahead of the January 31, 2023, deadline when the old notes will no longer be legal tender.

CBN also ordered Deposit Money Banks not to pay customers making over-the-counter withdrawals of new naira notes again.

This was contained in a memo issued to all the branch managers to enforce the CBN order, which takes effect immediately.

The memo, which was titled., ‘Urgent update on currency redesign’ and signed by the Group Head, Retail Operation, stated, “The CBN has mandated that we immediately stop the Over-the-Counter payment of the new N200, N500 and N,1000 currency. Instead, all new notes should be loaded into the ATMs for customer withdrawals.

“This is effective immediately please,”

It was learnt that as of Friday, the banks had not been able to comply with the directive as they complained of inadequate supply of the new notes, prompting them to load their ATMs with the old notes.

Bankers have complained that the new notes were in short supply, hence hence the decision to load a mixture of the old and new N1,000 and N500 notes in the ATMs for customers to withdraw.

However, sources in the CBN, confirmed that the apex bank indeed issued the directive to the banks.

He explained, “From this weekend, new notes will be available for disbursement to bank customers. We are pushing the N1,000 and N500 notes through the ATMs for now. The N200 will be available later.

“The aim is to check inflation and currency abuse. A research was conducted and it showed that the demand for the N1,000 and N500 is higher, hence the decision to start with them.”

November 15, 2022 Akan Udofia Does not Own Ibom Air – Akwa Ibom State Government Clear Air on State Airline Ownership
IFMUYONEWS

Akan Udofia Does not Own Ibom Air – Akwa Ibom State Government Clear Air on State Airline Ownership

OFFICE OF THE ATTORNEY GENERAL & COMMISSIONER FOR JUSTICE AKWA IBOM STATE
TO WHOM IT MAY CONCERN
It has been brought to the notice of the office of the Attorney General that one Akan Udofia claims in a short video, circulated on WhatsApp groups and social media platforms that the idea of setting up of Ibom Air was his.
The said Akan Udofia, we are told had in the past also claimed that some of the aircrafts in the fleet of Ibom Air belonged to him.
It is necessary to notify the general public and Akwa Ibom state citizens in particular that Mr Akan Udofia has no proprietary interest whatsoever in any of the aircrafts in the fleet of Ibom Air. All the aircrafts in the fleet were acquired directly by the airline.
The idea of Ibom Air was conceived and executed by His Excellency, Governor Udom Emmanuel who worked with aviation consultants led by Captain Mfon Udom to birth and sustain the operations of the airline to this day. The Airline is owned 100% by Akwa Ibom State.
Any claim contrary to the above is false and fraudulent and this office will not hesitate to file appropriate sanctions against the perpetrators.
UKO ESSIEN UDOM,SAN
Attorney General and Commissioner For Justice
12/11/2022

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