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Business News

Why NCAA suspended Azman Air’s flight operations, airline offers to refund passengers

Azman Air has confirmed the suspension and the audit of all its flight operations by NCAA.

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The Nigerian Civil Aviation Authority (NCAA) has suspended the flight operations of Azman Air with immediate effect on Tuesday over a series of incidents involving its Boeing 737 aircraft.

This was disclosed in a statement issued by NCAA and signed by its Director-General, Capt. Musa Nuhu.

It stated, “Following series of incidents involving Azman Air Boeing 737 Aircraft, the Nigerian Civil Aviation Authority has pursuant to Section 35 (2) of the Civil Aviation Act, 2006 and Part 1.3.3.3 (A) of the Nigeria Civil Aviation Regulations  2015, suspended the operations of all the Boeing 737 Aircraft in the Fleet of Azman Air Services Limited, with effect from March 15, 2021.

“The suspension is to enable the Authority conduct an audit of the airline to determine the root cause(s) of the incidents, and recommend corrective actions to forestall re-occurrence.

READ: 400 pilots are suing Boeing, but won’t reveal their identities

“The NCAA regrets the inconvenience this action may cause to the public, particularly to Azman air passengers but the need to ensure the safety of Air Transport and protect the public interest, cannot be compromised.

“The Nigerian Civil Aviation Authority will continue to ensure compliance to its regulations in the interest of safety and will view any violation(s) seriously.”

Meanwhile, Azman Air, in a tweet on Tuesday, also confirmed the suspension and the audit of all its flight operations by NCAA.

It tweeted, “In Reference to the Ongoing Audit; All Flights between Tue, 16th March and Fri, 19th March is hereby cancelled. 

READ: FG to allow flights only from nations that allow flights from Nigeria

British airways

All issued tickets within this period are still valid and can be used to any of our destinations without extra charges once we resume.

“Refund option is also available. To apply for refund; kindly download the refund form on airazman.com; fill and send to [email protected] with copy of your ID. If you are applying on behalf of a third party; kindly include his/her id card, your ID card and the Authorization letter from the passenger.”

READ: NCAA sets new date to shutdown IATA-accredited travel agencies 

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Abiola has spent about 14 years in journalism. His career has covered some top local print media like TELL Magazine, Broad Street Journal, The Point Newspaper.The Bloomberg MEI alumni has interviewed some of the most influential figures of the IMF, G-20 Summit, Pre-G20 Central Bank Governors and Finance Ministers, Critical Communication World Conference.The multiple award winner is variously trained in business and markets journalism at Lagos Business School, and Pan-Atlantic University. You may contact him via email - [email protected]

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Appointments

Standard Bank Group appoints Yinka Sanni as new Chief Executive of Africa Regions

Yinka Sanni has been appointed as Standard Bank Group’s Chief Executive of Africa Regions.

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Stanbic IBTC declares N10.4 billion interim dividend

The Standard Bank Group has announced the appointment of Yinka Sanni as the new Chief Executive of Africa Regions.

This announcement was made by the Group in a post shared via its official LinkedIn account. The bank revealed that Sanni will be replacing Sola David-Borha who is retiring after 31 years of distinguished service to the group.

His appointment will play an integral role in driving the growth of the Standard Bank Group in Africa further in the years ahead.

He is expected to build on the work of David-Borha, a renowned professional who played a key role in growing the Group’s Africa Regions portfolio in terms of capacity, market share and contribution to the group’s headline earnings.

What you should know

  • Yinka Sanni is a Fellow of the Chartered Institute of Stockbrokers of Nigeria.
  • He has served in key positions within the Stanbic Group, as the Chief Executive of Stanbic IBTC Holdings PLC, Chief Executive of Stanbic IBTC Bank PLC, Deputy Chief Executive of the Bank and Executive Director, Corporate & Investment Banking of the Bank.
  • He was also the pioneer Chief Executive, Stanbic IBTC Pension Managers Limited and the pioneer Chief Executive, Stanbic IBTC Asset Management Limited.

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Corporate Press Releases

P2P crypto marketplace, Bitzlato (BZ) partners with Lemonade Finance to ease money transfers across Africa

The partnership will enable users on the BZ platform to buy and sell bitcoins and other cryptocurrencies on the marketplace at zero cost.

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Bitzlato (BZ), the latest P2P Crypto Exchange to enter the African market, has added Lemonade.Finance, a borderless payment platform for Africa, as a payment method to its platform.

Lemonade Finance provides 100% digital payment experience for Africans to seamlessly participate in the global economy from anywhere in the world without any hassle or regardless of where they are from.

The partnership will enable users on the BZ platform to buy and sell bitcoins and other cryptocurrencies on the marketplace at zero cost.

Users in Nigeria will now be able to send Nigerian Naira (NGN) to MPESA at 0% transaction fee.

Speaking about this partnership, Ridwan Olarere, CEO, Lemonade Finance, said:

“We are excited to partner with such an innovative company like Bitzlato to connect more Africans through payment. Many Africans living on the continent face many difficulties when making payments as remittance companies charge high fees and are time-consuming. We are now providing our users with a cost-effective way of sending money to Ghana, Kenya, Uk and Europe.”

Commenting on the opportunities this provides to crypto traders on the BZ platform, Mike Lunov, CEO, BZ, said:

“This partnership will provide a much-needed gateway that enables the markets we serve to seamlessly interact with each other in a borderless and open environment. We seek to break the barriers that presently exist for cross border transfers and enable our users to generate value through the opportunities that accrue from cryptocurrencies trading. The innovation exhibited by the Lemonade platform, and the brilliance of its team assures users of top-notch, secure and reliable transfers going forward.”

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According to BZ, during the first month, BZ will refund commissions in manual mode while using Lemonade Finance, but this will be automated at the end of this period.

Following this partnership, BZ is now looking to partner with merchants in the crypto space especially in Nigeria, Ghana, South Africa that have a steady flow of Nigerian Naira (NGN) to increase liquidity on the platform.

British airways

Take advantage of the new Lemonade Finance payment method on BZ, which offers zero transactional fees for money transfers from Nigeria into Kenya. Sign up on BZ and start trading crypto easily today.

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