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Nigeria’s Main Airport Shuts Down

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The main airport serving Abuja will be shut down for six weeks starting from today (8th of March 2017), so that its dilapidated single runway can be repaired. The airport is the second busiest in Nigeria, handling more than 5 million passengers a year. Hadi Sirika, the minister of state for aviation, said the government had no choice but to divert traffic.

To the seasoned air traveler, Nnamdi Azikiwe International Airport has room for improvement. Travelers must climb a grimy stairwell to get to gates for boarding. The restaurant food is usually stale. The coffee is powdered. Security officers sometimes ask for a little extra something for their efforts. The bin they use for stashing confiscated items on a day not long ago held an assault rifle.

Yet for Nigerians living in the sleepy capital, Abuja, the airport with its more than 80 flights a day usually serves the purpose of getting them to their destinations, despite delays and cancellations that plague any busy airspace.

After mounting complaints about the poor state of the runway from airlines, and with safety consultants fearing impending disaster, government officials finally acceded to fixing its many cracks and holes — repairs that are 15 years overdue.

Officials decided the damage was so bad that it couldn’t be fixed piecemeal and required a total shutdown of operations. They have said repairs should take no more than six weeks, but skeptical passengers accustomed to unfulfilled government promises worry that work could drag on for months.

Passengers at the airport in February. Abuja, the Nigerian capital, relies on the airport’s 80 daily flights, which will be suspended for an estimated six weeks. 

The government’s Plan B for the airport isn’t soothing concerns. Planes are to be rerouted to a tiny airport in Kaduna, where on a typical day only a handful of flights go in and out. A new terminal being built in Kaduna to handle the influx was still under construction.

Passengers will be ferried free of charge by bus on a roughly three-hour trip to Abuja along a road famous for kidnappings and banditry in a region where nomadic herdsmen and farmers engage in frequent deadly clashes. Officers from the air force, road safety corps and the secret police will be posted along the road linking the two cities, and officials have assured the public that everyone will be safe.

Source:TV continental

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EVENTS

Nigeria Selects “Mai Martaba” As International Feature Film (IFF) Contender For 2025 Oscars

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Mai Martaba as international feature film contender | fab.ng

The Nigerian Official Selection Committee has selected the epic Hausa film, Mai Martaba as its contender for the International Feature Film (IFF) category at the 97th Academy Awards. The Committee announced in an official statement that they selected the film to contend for the Oscars because of its theme and visual appeal.

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MUSIC

Don Jazzy Announces Tega Oghenejobo As The New President Of Mavin Records

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Tega Oghenejobo As The New President Of Mavin Records | fab.ng

On Tuesday, October 29, 2024, Michael Collins Ajereh, the visionary founder of Mavin (Records) Global, better known by his stage name Don Jazzy, announced a significant expansion within the company. He announced Tega Oghenejobo as the new president of Mavin Records.

Tega has been an integral part of Mavin’s journey. Now, his position as President has elevated his status in the company. In addition, he has been in the existing role of Chief Operating Officer (COO).

Don Jazzy expressed his admiration for Tega’s passion and resilience. He acknowledged his ability to spot these qualities in Tega from the early stages of their professional relationship.

He said,

I’m proud to announce @TEGAMAVIN expanded role as President and COO of Mavin. I am often praised for being able to spot and raise superstars, but I can proudly say the most genius thing I have done in my life was being able to spot the passion and resilience in Tega.”

“From the early days, I’ve watched him be curious about the business, build teams, develop executives, and ensure our talents have sustainable careers from the start. His commitment to growing Mavin and shaping the future of African music has been relentless, and I’m confident that with him in this role, we’ll continue to break new ground and achieve even bigger milestones for our artists and company,” he added.

Accepting the appointment gracefully, Tega Oghenejobo said,

“I’m honored to step into this new role as President & COO of Mavin Records. It means embracing new challenges, setting new goals, and reaching new heights. Thank you, Supreme Leader @donjazzy, for your unwavering belief and trust in me to lead the Mavin team.”

Check here for more updates.

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BUSINESS

Moniepoint Reaches African Unicorn Status With $110 Million Funding Boost

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Moniepoint reaches African unicorn status | fab.ng

Moniepoint Inc., a leading fintech company in Africa, has successfully raised $110 million in equity financing. This is to power the dreams of millions of businesses and their customers across the continent and the diaspora.

The Series C investment was led by Development Partners International’s African Development Partners (ADP) III fund. It is a premier fund focused on Africa.

Additionally, new investors joined the funding round. This includes a leading African private equity firm, Google’s Africa Investment Fund and Verod Capital. Existing investor, Lightrock, a global impact firm, also participated.

Tosin Eniolorunda and Felix Ike founded Moniepoint (formerly known as TeamApt) in 2015. Initially, it focused on providing infrastructure and payment solutions for banks and financial institutions. It has since grown into Nigeria’s leading business banking provider, trusted by millions of businesses.

The capital raised will be used to accelerate growth for Moniepoint across Africa.

Further, that entails building an all-in-one, seamlessly integrated platform for African businesses of all sizes. This platform will include services such as digital payments, banking, foreign exchange (FX), credit, and business management tools, making it a one-stop shop for business solutions.

Moniepoint’s exceptional contributions to Nigeria’s financial services sector have been widely acknowledged, along with its enviable track record of serving customers across Africa.

Each month, Moniepoint processes over 800 million transactions, with a monthly total value exceeding $17 billion, all while operating profitably.

Tosin Eniolorunda, Founder and Group CEO of Moniepoint Inc., expressed his excitement about the successful funding round and the company’s plans to expand its offerings and reach across the African continent.

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