BREAKING: President Tinubu suspends CBN Governor, Godwin Emefiele

President Bola Ahmed Tinubu has suspended the Central Bank of Nigeria, CBN, Governor, Mr Godwin Emefiele from office with immediate effect.

According to a terse statement by Willie Bassey Director, Information Office of the Secretary to the Government of the Federation on Friday night, it is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy.

Reports said that Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate), who will act as the Central Bank Governor pending the conclusion of investigation and the reforms.

United Nigeria Airlines to Increase Fleet and Acquire 12 New Aircrafts As They Plan Regional Ops.

United Nigeria Airlines to Increase Fleet and Buy New Aircraft As They Plan Regional Operations

The management of United Nigeria Airlines Limited has announced plans to increase its fleet size and expand operations to more cities across Nigeria and the African region.

The airline will purchase two Embraer-190 aircraft, which will arrive by the fourth quarter of 2023, and introduce 10 brand-new Embraer-175 aircraft in batches within 24 months of that.

Commenting on the expansion plan, Chief Operating Officer (COO) of the airline, Mazị Osita Okonkwo, said United Nigeria Airlines would not relent in its effort to sustain its presence in the aviation sector and further serve Nigerians.

He said, "We are desirous of expanding our operations. So, the acquisition of more aircraft is in accordance with our business development and growth plan. We are bringing in Embrarer-190 aircraft. We expect them to be in Nigeria by the end of the fourth quarter of 2023.

"We are also expecting another set of aircraft thereafter—10 brand new Embraer-17s." These will help us increase our capacity for national and regional operations as well."

He disclosed that arrangements are in top gear for operations in Ghana, Angola, South Africa, the Niger Republic, Cote d’Ivoire, and Senegal, among other African countries.

The airline, which started operations in February 2021 with four Embraer-145 aircraft, effectively services nine cities in the country, with plans to connect more Nigerian cities within the 2023 fiscal year and in line with its mantra, "flying to unite.

IOSA’s Senior Vice President, Operations, Safety, and Security, Mr. Nick Careen, said: "IATA is proud to recognize that United Nigeria Airlines Company Limited has been successfully registered as an IOSA Operator under the IATA Operational Safety Audit program, in accordance with the provisions of the IOSA Program Manual."

Pi Network Users Participate in Price Determination Survey for Pi Coin

After an intense 24-hour polling and discussion period, Pi Network users have finally cast their votes to determine the future price range of the Pi Coin. A significant number of pioneers, totaling around 2,512 participants, actively took part in the survey, contributing to the shaping of Pi Coin’s market sentiment.

The survey results reveal that a substantial majority, accounting for 46% of the total vote, have expressed their intention to “dump” their Pi holdings within a price range of $100 to $1,000. This outcome reflects the diverse perspectives and trading strategies among Pi Network’s user base.

The survey was conducted to gauge the sentiment and preferences of Pi Network users regarding the price at which they would consider selling their Pi Coins. By allowing users to have a say in this matter, the Pi Network team aimed to foster a more democratic and community-driven approach to price determination.

Pi Network, a decentralized cryptocurrency project, has garnered significant attention in recent years, attracting millions of users worldwide. Designed to be mined on mobile devices, Pi Coin aims to create an inclusive and accessible ecosystem for cryptocurrency enthusiasts.

It is important to note that the survey results do not necessarily represent the future market value of Pi Coin, as numerous factors contribute to the cryptocurrency’s price dynamics, including demand, market sentiment, and external market conditions.

Pi Network continues to work towards its mission of empowering individuals to participate in the cryptocurrency ecosystem and actively involves its community in shaping the project’s future. As the project progresses, it will be intriguing to observe how the survey results align with the market’s response and the impact they may have on Pi Coin’s value.

Ethiopian Airlines Reclaim Nigeria Air

The controversial Nigeria Air aircraft Boeing 737-800 with the registration number, ET-APL, has returned to ser­vice in Ethiopian Airlines stable.

Checks from a live tracker, Flightradar, show that Ethiopian Airlines is now using the same plane which was brought into the country for “static display” during its unveiling at the Nnamdi Azikwe International Airport, Abuja, by the former Minister of Aviation and Aerospace, Hadi Sirika, last Friday.

The aircraft was said to have returned to Addis the next day.

Ethiopian Airlines had removed Nigeria Air branding from its aircraft and resumed regular operations, 24 hours after representing Nigeria Air for the unveiling ceremony on May 26th.

The aircraft was said to have departed Addis-Ababa at 1:31 p.m. and arrived at Mogadishu at 0:03 a.m. on Wednesday as a commercial aeroplane.

The reasons behind the temporary branding and subsequent removal remain undisclosed by Ethiopian Airlines and the Nigerian government.