Business

NAMA commences calibration of landing equipment at Ekiti Airport

Published

2 years ago

January 11, 2025

Charles Flames

391 Views

… 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.

Related Topics:Ekiti Airport Featured NAMA

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Cardoso Urges Banks To Lend Out Idle Funds With CBN * Retains MPR at 26.5%

Cardoso made the call on Tuesday after the 306th Monetary Policy Committee (MPC) meeting held in Abuja from July 20 to July 21.

Published

2 hours ago

July 21, 2026

OCHEFA

11 Views

The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso , urged banks from keeping idle funds with the apex bank and encouraging increased lending into the economy.

Cardoso made the call on Tuesday after the 306th Monetary Policy Committee (MPC) meeting held in Abuja from July 20 to July 21.

The apex bank retained the Monetary Policy Rate (MPR), also known as benchmark interest rate, at 26. 5 percent.

This decision marks the second consecutive retention of the MPR at 26.5 per cent, following a 50-basis-point reduction in February from 27 per cent.

“The committee’s decision to maintain the current policy stand follows a thorough assessment of the balance of risk,” said Cardoso.

He emphasised that although headline inflation moderated marginally in June 2026, global uncertainties have heightened due mainly to the renewed hostilities in the Middle East.

The MPC also adjusted the asymmetric facilities corridor around the MPR to +50/-450 basis points—a move aimed at discouraging banks from keeping idle fund with CBN.

Furthermore, the committee maintained the Cash Reserve Ratio (CRR) for commercial banks at 45 per cent, retained the rate for merchant banks at 16 per cent, and kept the CRR on non-TSA public-sector deposits at 75 per cent for liquidity management considerations.

Cardoso said despite the global uncertainties, the Nigerian economy has “remained largely resilient to the external shocks”.

Business

CBN admits it opened domiciliary accounts for PFIPC agency

Represented by the Director of its Banking Services Department, Hamisu Ibrahim, the CBN said that the accounts are one in US dollars, the other in British pounds sterling, were opened following a mandate received from the Office of the Accountant-General of the Federation.

Published

11 hours ago

July 21, 2026

OCHEFA

20 Views

File photo : PFIPC agency DG, Adeniyi Adeyemi

The Central Bank of Nigeria had admitted that it opened two foreign-currency domiciliary accounts for the controversial Presidential Foreign Investment Promotion Council (PFIPC).

The apex bank made the confirmation, yesterday, during the public hearing convened at the National Assembly Complex by the House of Representatives Ad-hoc Committee investigating the existence and operations of the PFIPC, chaired by Yusuf Gagdi and inaugurated by Speaker Tajudeen Abbas.

He explained that on July 30, 2025, CBN received a mandate dated July 29, 2025 from the Office of the Accountant-General.

“We received the mandate to authorise two accounts, one a US dollar domiciliary account, the other a pound domiciliary account, for the Presidential Economic Advisory Council/Presidential Foreign Investment Promotion Council,” Ibrahim told the committee.

He explained the CBN’s verification process, “The process of opening an account requires a mandate from the Office of the Accountant-General of the Federation.

“Once we receive that mandate, we perform all the necessary verifications to confirm that this mandate is actually coming from that office.

The department that handles the mandate is different from the department that actually does the account opening,” he said.

Nevertheless, he noted that no one came to activate the accounts after they were opened.“We did not receive any correspondence, mandate, signature or mandate cards. We were not introduced to the authorising or approving officers.“Based on that, those accounts remain inactive, with zero balance. There have been no foreign exchange allocations.