Connect with us

Economy

Why some parts of Nigeria airspace remains unsafe for flying – NAMA

Published

on

The Nigerian Airspace Management Agency (NAMA) has attributed the creation of new routes to the reason some aspect of the country’s airspace remained unsafe for flying.

The agency said this in a statement by the Managing Director of NAMA, Capt. Fola Akinkuotu.

This was in apparent response to the claim by some pilots in the country that some aspects of the nation’s airspace was unsafe for flying,

The agency, however, said efforts were being made to improve the situation.

Akinkuotu further assured the flying public and pilots that the nation’s airspace was safe for seamless and economic air navigation, adding that the last phase, which was the area control or upper airspace communication, may have a few challenges

The statement read: “NAMA is making concerted efforts to address these challenges, one of which was the deployment of the Total VHF Coverage of Nigeria in 2010, which was limited by the architecture of eight VHF remote radio stations deployed then.

“The agency has taken drastic steps to tackle communication challenges especially in the upper airspace in the past couple of years, significant progress was being made in that direction.

“Pilots still fly blind in some parts of the airspace between Lagos and Abuja and Port Harcourt, the radio communication in that axis is poor and irresponsible.

“Radio communication in the ground control, covering 65 nautical miles at the 32 air traffic control units in Nigerian airports was perfect and this was done under phase one of the project. The second phase, which was the tower control, also covering 65 nautical miles and critical for landing and takeoff, was equally working optimally in all the 32 airports in the country.

“The third phase “approach communication,” covering up to 130 nautical miles is working perfectly in all the 32 air traffic control units in the country. Although the last phase, which was the Area Control or Upper Airspace Communication, may have a few challenges, but this is due to the creation of new routes.

“The agency is making concerted efforts to address these challenges, one of which was the deployment of the Total VHF Coverage of Nigeria in 2010, which he said was limited by the architecture of 8 VHF remote radio stations deployed then.

“The agency had just taken delivery of Extended Range VHF radio systems to replace old the radios in 8 remote sites, while six more are to be added, making them 14 in number.”

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Economy

Naira Makes More Recovery, Sells at N1,453/$1

Published

on

By

The Naira continued its appreciation at the official market on Thursday, March 21, 2024 to close at N1,453.28/$1, according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM).

This represents an appreciation of N39.33 when compared to the N1,492.61/$1 it closed on Wednesday, March 20, 2024.

The intraday high was N1,598/$1, while the intraday low was N1,300/$1, representing a wide spread of N298/$1.

Similarly, the Naira appreciated against the dollar at the parallel window to trade at N1,500/$1, this represents an appreciation of N20.00 as against the N1,520 /$1 it traded the previous day.

The Naira also appreciated slightly against the British Pound to trade at N2,000/£1 as against the previous trading day’s price of N2,020/£1 representing a gain of N20 for the local currency.

The Canadian dollar, however, closed flat against the naira to trade at N1,270/CA$1 same as the N1,270/CA$1 it traded the previous day representing a decline of N20 in the local currency.

The Naira gained N30 against the Euro to trade at N1,670/€1 as against the previous closing price of N1,700/€1.

Continue Reading

Economy

Naira Gains Against Dollar, Trades at N1,603/$1

Published

on

By

The Naira, Tuesday continued its recovery against the American dollar as it traded at N1,603.38/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) window has shown.

This represents a gain of N15.48 when compared to the N1,617.96/$1 it closed on, on Monday, March 11, 2024.

The intraday high was N1,637/$1, while the intraday low was N1,425.35/$1, representing a lean spread of N211.65/$1.

Meanwhile, the Naira gained N12 against the dollar at the parallel market as the local currency appreciated to N1,603/$1 as against the N1,615 /$1 it traded the previous day. As it stands, the naira is trading at the same rate at both official and parallel windows.

The Naira, however, slumped against the British Pound to trade at N2,050/£1 as against the previous trading day’s price of N2,030/£1 representing a loss of N20 for the local currency.

After about two weeks of closing flat against the Canadian dollar, the naira slumped massively to trade at N1,300/CA$1 on Tuesday, representing a decline of N150 when compared to the N1,150/CA$1 it traded the previous day.

The Naira lost N35 against the Euro to trade at N1,740/€1 as against the previous closing price of N1,705/€1 representing a loss of N35 for the local currency.

Continue Reading

Economy

Binance to Close Shop in Nigeria, Stops Transaction, Trading in Naira

Published

on

By

By Reuters – Binance will stop all transactions and trading in Nigeria’s local currency after March 8 amid a country-wide crackdown on crypto exchanges that have been blamed by authorities for feeding a black market for foreign exchange.

It will stop supporting withdrawals after Friday and any remaining balances in Nigerian Naira will be automatically converted into Tether – a stablecoin whose value is pegged to the U.S. dollar.

Last week, Nigerian authorities detained two Binance senior executives on undisclosed charges as part of the crackdown.

They were still in custody, their local lawyer said before a parliamentary committee on Monday.

Source: Reuters

Continue Reading

Trending