Business
NAMA commences calibration of landing equipment at Ekiti Airport
… EKSG says airport set for commercial operations
The Nigeria Airspace Management Agency (NAMA) on Friday commenced the calibration of landing system at the Ekiti Agro-Allied International Cargo Airport in readiness for commencement of commercial flights operation.
This is coming barely a month after the Nigeria Civil Aviation Authority (NCAA), granted approval for non – scheduled flight operations at the airport for a period of six months.
The calibration aircraft that conveyed he NAMA officials touched down on the runway of the airport at exactly 4.13pm.
The exercise commenced immediately. Calibration, in the air system industry is a process that allows safety of air navigation by conducting regular flight inspection, calibration of test equipment systems, and surveillance of airspace system.
It is also part of the final stages of ensuring the facility meets global aviation standards for safe and efficient operations.
On hand at the airport to receive the NAMA team were the Technical Adviser to the Governor on Airport Project, AVM Sunday Makinde (rtd); Commissioners for Information, Rt. Hon. Taiwo Olatunbosun; Environment, Chief (Mrs) Tosin Aluko- Ajisafe; Transport, Hon Kolawole Akobiewe; Special Adviser to the Governor on Media and Strategy, Mr Yinka Oyebode; among others.
Briefing Journalists at the airport, AVM Makinde (Rtd) said, the landing of the calibrator aircraft as well as the calibration exercise by NAMA officials was a major step in the final approval for commercial operations at the airport.
According to him, the exercise was to assess and fine-tune the navigational aids equipment installed at the airport which include, instrument landing systems, communication radios, and other essential equipment required for safe and efficient operations.
Expressing his delight at the progress of the airport, AVM Makinde explained that the airport is fully ready for commercial operation, adding that it can accommodate any type of aircraft.
“What’s happening here today is actually a working flight operation, this plane is a calibration plane from NAMA.
Basically what they came for is just to ensure that our systems, especially our navigations, are able to pick any frequency of any aircraft coming to Ekiti and also check out communication systems.
The Ekiti Agro Cargo international airport is fully ready.” He assured.In his own remarks, the Commissioner for Information, Chief Taiwo Olatubosun, explained that with series of inspections by relevant regulatory aviation agencies, and certifications, the Airport is ready for smooth take off.
Describing the development as a dream come true, Olatubosun said the airport would open new doors for investment, tourism, and economic growth in the state as well as facilitate business, attract investors, and make life easier for the people.
While assuring that the development would boost the socio economic and industrial development of the state, the Commissioner said the completion of the airport is a testament to Governor Oyebanji ‘s commitment to the transformation of the state’s economy and establish it as a hub for both local and international connectivity.
The NAMA team is billed to depart the airport on Saturday.
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Business
NAICOM Revokes Nigeria Reinsurance’s Licence, Freezes Operations Over Capital Shortfall
Banire directed banks, financial institutions, policyholders and members of the public not to honour any instruction relating to the company except those issued by him or persons expressly authorised by him.
The National Insurance Commission (NAICOM) has revoked the operating licence of Nigeria Reinsurance Corporation for failing to meet the statutory Minimum Capital Requirement (MCR) and appointed Senior Advocate of Nigeria, Dr. Muiz Banire, SAN, as Receiver/Provisional Liquidator to wind up the company’s affairs.
The appointment took effect on August 3, 2026, following the cancellation of the company’s certificate of registration by the insurance regulator.
In a public notice dated August 4, 2026, Banire said NAICOM appointed him, in exercise of its statutory powers, to oversee the receivership and liquidation of Nigeria Reinsurance Corporation (RR-002).
In the notice, the company’s licence was revoked after it failed to comply with the prescribed Minimum Capital Requirement applicable to its category of licence within the stipulated compliance period, in accordance with the Nigerian Insurance Industry Reform Act (NIIRA) 2025 and other extant laws, regulations and guidelines.
Banire said his appointment authorises him to immediately trace, recover, secure and take possession of the company’s assets, collate and settle its liabilities in line with the NIIRA 2025, liaise with NAICOM on matters relating to the liquidation, and submit periodic reports to the Commission.
Banire directed banks, financial institutions, policyholders and members of the public not to honour any instruction relating to the company except those issued by him or persons expressly authorised by him.
Source: ThisDay
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