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British Airways close down inventory on Nigerian flights over held revenue

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British Airways

British Airways close down inventory on Nigerian flights over held revenue

British Airways

British Airways has closed its inventory on its Nigerian operations, a move incidents on the failure of the airline to repatriate funds from ticket sales out of Nigeria.

The National Association of Nigeria Travel Agencies, NANTA, revealed the development on Friday while trying to allay fears on a possible shutdown of operations by the British carrier.

 

 

 

“As members may be aware that British Airways closed inventory this morning, please be informed that this inventory closure is a necessary action taken by British Airways to mitigate increase of their trapped funds,” a communique by NANTA partly read.

“However, British Airways provides reassurance that it is still flying in and out of Nigeria and is currently seeking earnest solutions to address the demands of its customers,” it added.

 

 

 

 

 

 

NANTA said that it had received assurance from the airline after a crucial business meeting that it would continue operations in the meantime while it pushes to convince the Nigerian authorities to release its trapped earnings. However, British Airways would no longer be selling new tickets until the situation is resolved.

The association also said that the airline’s decision was taken to reduce the growth of its trapped funds in Nigeria.

 

 

 

 

The development comes barely a week after Emirates Airlines announced that it will be suspending flight operations in Nigeria from September 1 after several failed attempts by the foreign airline to recover $85 million of its over $600 million trapped in Nigeria.

The International Air Transport Association (IATA) had earlier voiced reservations about the Federal Government of Nigeria’s decision to prevent international airlines from remitting ticket sales proceeds of $450 million (N188.6 billion) into their home nations.

 

 

 

 

The IATA urged the Buhari regime to prioritise the release of the funds before more damage is done, noting that the failure to do so will affect Nigeria’s access to its services.

Nigeria’s decision to withhold the airlines’ earnings follows restrictions on access to foreign currency imposed on investors seeking to repatriate profits as the country faces a severe dollar shortage.

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CNG CAMPUS: 20 Federal Tertiary Institutions to Get CNG Conversion Centres and Refuelling Stations

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CNG CAMPUS: 20 Federal Tertiary Institutions to Get CNG Conversion Centres and Refuelling Stations
…6 to be Fully Operational by May 2025

 

In alignment with President Bola Ahmed Tinubu’s commitment to affordable, clean, and sustainable energy, the Midstream and Downstream Gas Infrastructure Fund (MDGIF), in collaboration with Femadec Energy, is set to establish Compressed Natural Gas (CNG) conversion centres and refuelling stations across 20 federal tertiary institutions nationwide.

 

The Honourable Minister of Education, Dr Morufu Olatunji Alausa, recently convened a meeting with Vice-Chancellors and executives from Femadec Energy, MDGIF, and the Presidential Compressed Natural Gas Initiative (PCNGI) to finalise project details and ensure timely implementation.

Dr. Alausa emphasized the project’s significance: “This initiative not only aims to reduce transportation costs for our students and lecturers but also represents a pivotal step towards integrating clean energy solutions within our educational institutions.”

Echoing this sentiment, a representative from Femadec Energy stated: “Our collaboration with MDGIF and the federal institutions underscores our dedication to promoting sustainable energy. By introducing CNG infrastructure, we aim to provide cost-effective and environmentally friendly transportation options, fostering a culture of innovation and sustainability among the academic community.”

This project is designed to alleviate the high transportation costs faced by students and lecturers. It aligns with the administration’s Renewed Hope Agenda to leverage Nigeria’s abundant natural gas resources for cleaner, cheaper, and more sustainable transportation.

Six institutions are slated to have fully operational CNG facilities by May 29, 2025, demonstrating immediate impacts and paving the way for broader adoption nationwide.

#RenewedHope #CNGRevolution #CleanEnergy #SustainableTransportation #AffordableEnergy #GreenCampus

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Cyberpedia Internet Governance, Presidential Office of Digital Engagement & Strategy partner to Pioneer AI-Driven Civic Dialogue Initiative

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Cyberpedia Internet Governance, Presidential Office of Digital Engagement & Strategy partner to Pioneer AI-Driven Civic Dialogue Initiative

 

Abuja, Nigeria – The Presidential Office of Digital Engagement and Strategy (PODES), under the leadership of Senior Special Assistant to the President, Otega Ogra, has entered into a partnership with Cyberpedia Internet Governance—an African Artificial Intelligence, Data & Cybersecurity corporation—to reimagine civic communication in Nigeria.

This groundbreaking collaboration, announced ahead of Cyberpedia President Abiodun Sowemimo’s keynote at the global Cloudfest conference in Frankfurt, Germany, aims to strengthen the government’s digital resilience by equipping citizens with innovative tools to identify and counter misinformation in real-time.

Addressing the challenges posed by disinformation, misinformation, and fractured digital attention, the partnership is built upon two core pillars, including Mapping Public Sentiment by Utilizing Artificial Intelligence to capture real-time insights across Nigeria’s diverse linguistic and cultural landscape, where over 400 languages create complexities in centralised messaging, and Grassroots Empowerment with would include Collaborating with local influencers, content creators, community leaders, and cultural ambassadors to co-develop relatable, engaging content that promotes clarity and national values, combats misinformation and fosters constructive dialogue among citizens.

“This initiative is not about controlling the narrative—it’s about equipping Nigerians with the tools to lead their own informed conversations,” noted Otega Ogra. “In an age of digital disruption, trust is the ultimate currency. Our goal is to build transparency by empowering Nigerians directly, meeting them on platforms where they already engage, debate, and form opinions.”

Cyberpedia Internet Governance’s President, Abiodun Sowemimo, described the collaboration as an innovative model for governance in a disrupted digital era. “This initiative goes beyond Nigeria,” Sowemimo emphasised. “It is about demonstrating how democracies can harness technology ethically, ensuring greater citizen participation without compromising democratic principles.”

Still in its early stages, the partnership will prioritise digital literacy initiatives designed to equip citizens with tools to identify and counter disinformation proactively. Planned initiatives include interactive mobile applications and gamified educational experiences to help citizens recognise manipulated content, fake news, and deepfake technology.

This groundbreaking initiative comes at a critical time as democracies worldwide grapple with misinformation amplified by emerging technologies. Nigeria, home to a vibrant digital landscape and one of the continent’s youngest populations is uniquely positioned to pioneer scalable solutions and set new standards for digital engagement and public trust globally.

PODES and Cyberpedia will unveil additional details of the partnership’s initiatives in the coming months. Sowemimo will formally introduce the initiative later this week at Cloudfest in Frankfurt, Germany, home to the largest gathering of internet infrastructure industry with over 9,000 leaders in the tech ecosystem globally, highlighting Nigeria’s commitment to innovation-driven civic engagement on the global stage.

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ASR AFRICA EMERGES WINNER OF THE CSR CHAMPION OF THE YEAR AWARD AT THE 2024 INDEPENDENT AWARDS

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ASR AFRICA EMERGES WINNER OF THE CSR CHAMPION OF THE YEAR AWARD AT THE 2024 INDEPENDENT AWARDS

ASR AFRICA EMERGES WINNER OF THE CSR CHAMPION OF THE YEAR AWARD AT THE 2024 INDEPENDENT AWARDS

 

 

ASR Africa emerges the Corporate Social Responsibility Champion of the Year at the Independent Awards 2024 in Lagos recently. Dr Ubon Udoh, the MD/CEO of ASR Africa, represented the Chairman, Abdul Samad Rabiu (CFR, CON) at the event to receive the award on his behalf.

 

ASR AFRICA EMERGES WINNER OF THE CSR CHAMPION OF THE YEAR AWARD AT THE 2024 INDEPENDENT AWARDS

 

 

Dr. Ubon Udoh thanked the organisers of the Award for recognizing the immense contributions of Abdul Samad Rabiu in creating sustainable homegrown solutions in Nigeria and Africa at large, in the area of health, education, mentorship and social development. He noted that the award, no doubt, will serve as an impetus for ASR Africa to continue to do more.

 

ASR Africa is an initiative of one of Africa’s biggest philanthropists and serial entrepreneurs, Abdul Samad Rabiu, Founder & Executive Chairman, BUA Group. At the heart of our mission lies a deep-rooted commitment to fostering substantial progress across the African continent through focused investments in education, health, and social development sectors.

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