ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE   ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL President Bola Ahmed Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).   The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC. Both officials were appointed in 2021 by former President Buhari to lead the two regulatory agencies created by the Petroleum Industry Act (PIA).   To fill these positions, President Tinubu has written to the Senate, requesting expedited confirmation of Oritsemeyiwa Amanorisewo Eyesan as CEO of NUPRC and Engineer Saidu Aliyu Mohammed as CEO of NMDPRA.   The two nominees are seasoned professionals in the oil and gas industry.   Eyesan, a graduate of Economics f...
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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 mid-2023. 


“Capacity, measured in available cargo tonne-kilometers (ACTK), decreased by 0.4% compared to February 2024 (+1.1% for international operations).” African airlines’ performance mirrors broader market trends, with air cargo demand fluctuating across regions.


IATA’s Director General, Willie Walsh, attributed the global decline to the unique circumstances of February 2024, which benefited from the leap year, Chinese New Year, sea lane disruptions, and a surge in e-commerce. Additionally, the global cargo market witnessed significant shifts. Trade lanes such as Europe-Asia and Transatlantic routes expanded, while others, including Middle East-Asia, African connections, and certain European routes, saw a decline in demand.


The report highlighted regional performance trends in global air travel demand. Airlines in the Asia-Pacific region led growth with a 5.1% increase, while North American carriers experienced a slight dip of 0.4%.

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