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South African Airways further strengthens its West African network, introduces Abuja

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Second entry point in Nigeria offers business travellers more options

JOHANNESBURG. 14 October 2015. South African Airways (SAA), the leading carrier in the Sub-Saharan Africa region, has introduced a second entry point to Nigeria in its quest to enable trade and unlock mobility, which will considerably add to business travel options in the West African region.

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Adding a second gateway in Nigeria to SAA’s existing daily service to Lagosmaterially strengthens SAA’s position in West Africa where it plays a significant role in enabling the movement of goods and people between Southern Africa and West Africa thereby enhancing the growing trade and cultural exchanges between these two regions.  

The addition of Abuja to SAA’s network follows closely on the successful introduction of the Accra, Ghana to Washington Dulles, USA route, as a West African platform in August 2015. SAA launched flights between Accra, Ghana and Washington DC in North America, in cooperation with Africa World Airways. The introduction of the Accra to Washington route has seen a steady growth in the number of passengers using this route and has performed in line with expectations. This has provided SAA with the confidence to invest further and enhance its footprint in West Africa.

“A second entry point in Nigeria forms part of our Long-Term Turnaround Strategy, which identified growth on the African continent as one of its key objectives. Nigeria is one of the fastest growing air travel markets in Sub-Saharan Africa and will be well served with our additional services to Abuja.

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“Introducing Abuja as a second entry point in Nigeria will add more travel options, especially for the business community, and will enhance our footprint on the continent,” says Sylvain Bosc, SAA Chief Commercial Officer.

“Enhancing air travel links with Nigeria speaks to the growth in bilateral relations between South Africa and Nigeria. The two countries historically have had strong economic, diplomatic, social and fraternal ties. These are the two economic powerhouses of Africa, with much more to offer and share,” says Aaron Munetsi, SAA Regional General Manager for Africa.

Abuja flights have been scheduled for seamless connectivity into SAA’s inter-continental route network to destinations such as Perth, Hong Kong and Sao Paulo. These connections will make it easy for regional traders, leisure travellers, travellers visiting friends and relatives, diplomatic communities, and international organisations from the northern and central parts of Nigeria to seamlessly connect through O.R Tambo International airport onwards to the airline’s inter-continental and regional route network.

Abuja, built in the 1980s, became Nigeria’s capital in December 1991, and is known for being one of the few purpose-built capital cities in Africa. Located in the centre of Nigeria, within the Federal Capital Territory (FCT), it is the Nigerian seat of government where the Presidency, National Assembly, Supreme Court, and Embassies of most countries are situated. A business city housing many government employees, Abuja has also become popular for the serene and beautiful landscape it offers.

With Abuja, SAA will be serving eleven destinations in Central and West Africa, with flights from its Johannesburg hub to Lagos (Nigeria); Abidjan (Ivory Coast); Cotonou (Benin); Accra (Ghana); Douala (Cameroon), Dakar (Senegal), Libreville (Gabon), Kinshasa (DRC), Pointe Noire and Brazzaville (Republic of the Congo).

already forming part of the extensive regional route network.

The three weekly flights will operate non-stop between Johannesburg and the Nnamdi Azikiwe International Airport inAbuja aboard modern Airbus 330-200s, offering SAA Business class comfort and luxury, with the latest in In-flight entertainment.

The first flight is scheduled to depart O.R Tambo International Airport on 26 January 2016. Flights are open for sale on all SAA’s distribution channels.

Abuja flight schedule:

 

 

 

 

Flight

Days of the week

Depart Johannesburg

Arrive Abuja

SA088

Tuesdays, Fridays, and Sundays

23h00

04h10 the following day

Depart Abuja

Arrive Johannesburg

SA089

Mondays, Wednesdays and Saturdays

08h45

15h40

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Bank

Wema records 196 percent profit before tax in 2023 financial report

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HACKAHOLICS DIGITAL SUMMIT 2023: WEMA BANK LAUNCHES AFRICA’S LARGEST GATHERING OF INNOVATORS, DISRUPTORS, REGULATORS, POLICYMAKERS, INVESTORS & CUSTOMERS IN THE DIGITAL SPACE

Wema records 196 percent profit before tax in 2023 financial report

Wema Bank has announced its full Year 2023 Audited financial statement, recording profit before tax growth of 196 per cent from ₦14.75bn to N43.59 billion.

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The bank also proposed a dividend per share of 50kobo; up from 30 kobo in 2022 and deposit growth of 60 per cent to ₦1,860.57bn from ₦1,165.93bn reported in FY 2022.

“Return on Equity (ROAE) of 39.28%, NPL of 4.31% and N40billion 1st tranche of Capital raise awaiting final regulatory approvals,” a statement from the bank said.

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Commenting on the results, the MD/CEO, Mr. Moruf Oseni said, “2023 showcased a revitalised Wema Bank as evidenced by the considerable improvements in our numbers. The performance is headlined by impressive improvements in Profit before Tax which grew strongly by 196%.”

He noted that the growth of Gross Earnings by 72%, Total Assets by 56% and earnings per share at 279.5 kobo shows the core improvements to the bank’s balance sheet.

“In addition, our cost to income ratio at 64.37% has witnessed significant improvement from the previous period.

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“We also completed our N40bn Capital raise exercise (results awaiting final verification by regulators). This exercise actively positioned us for the new capital licensing requirements of the Central Bank of Nigeria. Wema Bank will accelerate its capital management plans and ensure we embark on the journey to raise the required capital as quickly as possible.

“The Bank will be proposing a dividend per share of 50 kobo to its shareholders at the next Annual General Meeting; this is in line with the Bank’s capital conservation strategy and to ensure that it continues to provide returns to its shareholders in anticipation of additional capital raises scheduled for later this year.

“We are satisfied with the bank’s performance in the first year of the new leadership team, as we move in a strong growth trajectory. Our target remains clear, we want to become a Top-Tier Bank in the industry powered by Digital excellence, we have carved a niche for ourselves with ALAT as a Retail platform, but we are now positioning the enterprise as the Intelligent platform for all financial services.

“We have partnered with the Federal Government on upskilling Two Million MSMEs, provided engagement platforms for all NYSC members and are now implementing partnerships in Health, Education, Women empowerment and in the green economy.

“In the months ahead, we would be developing platforms and supporting initiatives that prioritise the needs of our customers, leveraging technology in solving problems across all sectors.”

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All Is Set For HiCESRA 2024!… As HCS Magazine Launches @5

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All Is Set For HiCESRA 2024!... As HCS Magazine Launches @5

 

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All Is Set For HiCESRA 2024!… As HCS Magazine Launches @5

 

The magnificent R&A City Hotel situated in Ikeja, Lagos will welcome a mammoth crowd of celebrities, dignitaries, boardroom marshals, traditional rulers, religious leaders, political icons and great actors from other sectors of the Nigerian economy to felicitate with High Celebrity Squard International Magazine as it clocks 5 years in the Nigerian media space.

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All Is Set For HiCESRA 2024!... As HCS Magazine Launches @5

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The event, scheduled to take place on Sunday the 21st of April, 2024 by 2pm will also witness the decoration of selected Nigerian dignitaries who will be inducted into the HiCESRA Hall of Fame as well as outstandingly industrious individuals led by the indefatigable Executive Governor of Lagos State, His Excellency Mr. Babajide Olusola Sanwo-Olu and corporate organizations that have been lined up to win several noble awards.

Top on the list of inductees into HiCESRA Hall of Fame include the Alayeluwa His Imperial Majesty Adeyeye Enitan Ogunwusi, the Ooni of Ife, effervescent business tycoon Dr. Taiwo Afolabi of Sifax Group, Industrial giant Aare Rasaq Akanni Okoya and his beloved wife Dr. Mrs. Shade Okoya, the gallant Comptroller General of the Nigerian Customs Services Adewale Adeniyi, Primate Elijah Ayodele of INRI Evangelical Church, Prince Kayode Kolade the Controller NCS Zone C, Owerri and his lovely wife Princess Dr. Toyin Kolade the Iyalaje Oodua Worldwide, the Aare Onikoyi of Yorubaland Chief Tomori Williams, Aare Basheer Fakorede the Aare Bobajoko of Image land, Chief Mrs. Quincy Ayodele global Queen of herbal product, Fuji Czar Wasiu Ayinde Anifowoshe etc.

An impressive list of awardees will also make HiCESRA 2024 an outstanding event. The convener of this tremendous project, Quadri Alabi Olowolagba affirmed that this is the time to celebrate the 5th anniversary of High Celebrity Squard International Magazine and at the same time, formally launch the magazine that has been portraying the good images of great personalities, corporate organizations, traditional leaders, religious bodies, governments and other vital contributors to the country’s economy.

We developed HiCESRA 2024 to appreciate the efforts of these individuals and entities. In addition to this, we are also inducting some distinguished dignitaries into HiCESRA Hall of Fame. We urge a our invited guests, partners, clients and well wishers of High Celebrity Squard International Magazine to be at R&A City Hotel in Ikeja on the 21st of April and witness the mother of all awards celebration.

However, a national topical issue themed “Strategizing solutions to Nigeria’s devastating economy, incessant insecurity threats: Roles of the media” will be discussed at HiCESRA 2024 by renowned media practitioners and social commentators. Watch out for the bumper maiden edition of HiCESRA. It promises to be a classic.

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New Cryptocurrency “Chambs” Launches with Innovative Mining Model

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New Cryptocurrency “Chambs” Launches with Innovative Mining Model

 

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A new cryptocurrency, Chambs, has entered the digital market with promises of revolutionizing utility tokens. Offering a plethora of features and benefits, including payments, staking, and a cutting-edge web3 social media platform, Chambs has quickly caught the attention of crypto enthusiasts worldwide. Powered by the Solana blockchain, Chambs boasts a seamless and efficient network, ensuring fast transactions and low fees.

New Cryptocurrency "Chambs" Launches with Innovative Mining Model

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What sets Chambs apart is its unique mining model, which allows users to mine Chambs tokens for free on a daily basis. With the potential to claim up to 8,300 Chambs daily, equivalent to $4.7 USDT worth, users have the opportunity to accumulate tokens effortlessly. These mined Chambs can then be easily swapped to USDT after the mining period, providing users with tangible value.

Chambs serves as the native coin of Chambit Exchange, a pioneering peer-to-peer exchange solution poised to make waves in the crypto space.

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Backed by a diverse team of experts and a robust funding team, Chambs aims to deliver real-world utility while promoting financial inclusion and social impact. Its well-defined roadmap outlines ambitious plans for growth and development, setting the stage for Chambs to emerge as a major player in the cryptocurrency ecosystem.

To capitalize on this groundbreaking opportunity, users are encouraged to start mining Chambs today. By signing up through the provided link, users gain access to the Chambs mining platform, where they can begin accumulating tokens immediately. Additionally, Chambs offers a dedicated mobile app available for download on the Google Play Store, ensuring seamless access to the platform’s features and updates.
Stay updated with the latest developments and announcements from Chambs by following their official social media channels. Join the Chambs community on Facebook, Twitter, and Telegram to engage with like-minded individuals and stay informed about upcoming events and promotions.

With its innovative approach to mining and commitment to real-world utility, Chambs is poised to disrupt the cryptocurrency space and make a lasting impact on the world. Don’t miss out on this opportunity to be part of the future of finance. Start mining Chambs today and join the revolution.

“Chambs is a multi chain utility token that offers a range of features and benefits to users, including payments, and staking and a web3 social media platform that promotes user engagement and interaction Powered by the Solana block chain,

Chambs is a native coin of Chambit Exchange. A unique peer-to-peer exchange solution set to make impact in the crypto space.

Champz aims to provide real-world utility, while also promoting financial inclusion and social impact. With the backing of a diverse team of experts and a strong funding team, Champz has the potential to become a major player in the cryptocurrency space and make a positive impact on the world.”

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