AFRICAN AIRLINES RECORD 5.7% DECREASED DEMAND FOR AIR CARGO IN FEBRUARY- IATA. (PHOTO).

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 African Airlines record 5.7% decreased demand for air cargo in February — IATA African airlines recorded a 5.7% year-on-year decline in air cargo demand in February 2025, with capacity decreasing by 0.6% in the same period. Capacity, measured in available cargo tonne-kilometers (ACTK), dropped by 0.4%, although international operations saw a 1.1% increase. The International Air Transport Association (IATA) report showed that global capacity decreased by 0.4%, with international operations showing a slight increase of 0.4% in demand. Globally, air cargo demand fell by 0.1% compared to February 2024, marking the first decline since mid-2023. “African airlines saw a 5.7% year-on-year decrease in demand for air cargo in February. Capacity decreased by 0.6% year-on-year,” the report read in part. It added, “Total demand, measured in cargo tonne-kilometers (CTK), declined by 0.1% compared to February 2024 levels (+0.4% for international operations). This marks the first decline since mi...
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KIDNAPPERS REDUCE RANSOM FROM N100M TO N40M FOR KWARA MONARCH'S WIFE.(PHOTO).

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 Kidnappers reduce ransom from N100m to N40m for Kwara monarch’s wife


Gunmen, who killed Oba Olusegun Aremu-Cole, Olukoro of Koro-Ekiti in  Ekiti Local Government Area of Kwara State and kidnapped his wife and other person last Thursday night have reduced the  N100million  ransom placed on the abducted victims to N40 million.


Daily Sun yesterday,gathered that the gunmen had reached out to the monarch’s family at the weekend for payment of the  ransom which they said they have reduced from N100million to N40 million before  the victims  would be released.


Oba Olusegun Aremu-Cole,was killed by  gunmen in his palace last Thursday’s night, while his wife and another person were abducted.


Speaking with journalists yesterday,Chairman of the Transition Implementation Committee (TIC) in Ekiti Local Government Council of Kwara state,  Kehinde Bayode, also said that a suspect was apprehended in Eruku town in the LGA .


However, Kwara  state Police Public Relations Officer (PPRO), Toun Ejire-Adeyemi, said  that no arrest has  been made in connection with the incident.


“The CP has deployed tactical team to Koro Ekiti to fish out the perpetrators. Policemen are working with other security agencies to free those who  were abducted during the kidnapping incident. No arrest has  been made. We are going to keep you abreast of the development as it unfolds”.


The council chairman,Ejire-Adeyemi, while speaking on  efforts made to free the abducted wife of the monarch and the other victim, said,”the kidnappers had got in touch with the family, demanding for N100 million ransom which has now been reduced to N40 million. We are still negotiating with them and right now, I am on my way to Koro to get the latest information on the negotiation. We will continue to brief you as the situation unfolds and we will keep you posted”.

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