Business
NCAA rejects Nigeria Air’s request to proceed to phase two of AOC acquisition, says ‘ there’s no documents’
The Nigerian Civil Aviation Authority (NCAA) has rejected an application by Nigeria Air to proceed to phase two in the process of obtaining its air operators certificate (AOC).
In a letter seen by newsmen, dated June 2, 2023, NCAA said due to the unavailability of a “formal application form” and other “necessary documents”, the certification process cannot progress to phase two.
“The authority is in receipt of your letter dated May 25, 2023, on the above subject matter,” NCAA said.
“Quite contrary to our earlier letter of 16th May 2023, which enumerated the documents to be submitted with the formal application form OPS 002, your letter of request to proceed to phase two has no inclusion of a formal application form and the necessary documents referenced in the formal application form.
“Hence, the certification process cannot progress to phase two without these required documents.
“Please be reminded that your post holders’ letters of commitment to Nigeria Air have a tenure of three months and as such expire now. “
STAGES IN ACQUIRING AN AOC
A year ago, the federal government granted an air transport license (ATL) to Nigeria Air to commence operation.
But the proposed national carrier has been unable to complete the requirements for the issuance of the AOC, which — among other requirements for an airline to operate — is a note of authority issued to airlines that fully guarantees them the right to begin air services.
There are five stages involved in acquiring the AOC, according to NCAA.
In phase one, NCAA appoints a certification team and processes the pre-application statement of intent form (AC-OPS 001). Discussions on all regulatory requirements, the formal application and attachments, and any other related issues will take place.
This process usually takes a week to complete.
Moving to the second phase, a formal application for intending entrants where documents and manuals (including the curriculum vitae of key management personnel) must be submitted for evaluation. The minimum timeframe for the formal application phase is two weeks.
The third stage involves a document evaluation, where the NCAA will review the applicant’s manuals and other related documents and attachments to ensure conformity with the applicable regulations and safe operating practices.
The minimum timeframe for the document evaluation phase is three months.
From there, NCAA’s scrutiny moves to the fourth stage: the demonstration and inspection — a key phase of the process carried out only after a satisfactory documentation evaluation phase.
In this stage, a thorough audit by the certification team at the applicant’s premises will be conducted to ensure that the proposed procedures are effective and that the applicant’s facilities and equipment meet the NCAA’s regulatory requirements.
Also in phase four, other demonstrations like the emergency evacuation and ditching will be carried out, and after successes in these exercises; a demonstration flight will be carried out. The minimum timeframe for the demonstration and inspection phase is two months.
The fifth and final phase is certification and this means once the airline has met the regulatory requirements of the civil aviation (air navigation) regulations, the NCAA will issue the AOC with the appropriate specifications and ratings.
The minimum timeframe for the certification phase is one week, and after the issuance of the AOC, the applicant can engage in commercial aviation activities in Nigeria.
Business
Nigeria’s GDP rate grew by 3.46% in Q3 2024, says NBS
The National Bureau of Statistics (NBS) says Nigeria’s annual gross domestic product (GDP) grew by 3.46 percent in the third quarter (Q3) of 2024.
The NBS, in its GDP report published on Monday, said the growth rate is higher than the 3.19 percent recorded in Q2 2024.
Business
Dangote refinery reduces ex-depot price of petrol to N970 for oil marketers
The Dangote Petroleum Refinery has announced a reduction in its ex-depot price of premium motor spirit (PMS), also known as petrol, to N970 per litre for oil marketers.
This is a cut from the refinery’s N990 ex-depot price announced earlier this month, according to a statement on Sunday.
The slash would help marketers save about N20 on each litre of petrol bought from the Lekki-based plant.
Anthony Chiejina, Dangote Group’s chief branding and communications officer, said the move is the refinery’s way of appreciating Nigerians “for their unwavering support in making the refinery a dream come true”.
“In addition, this is to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise for our collective well-being,” the statement reads.
“While the refinery would not compromise on the quality of its petroleum products, we assure you of best quality products that are environmentally friendly and sustainable.
“We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply.”
Business
Allegation of missing fund untrue, says Access Bank
Access Bank Limited has dismissed as untrue allegations of missing fund and unethical behaviour.
The Bank in a statement said: “Our attention has been drawn to a video on social media wherein allegations of missing funds and unethical behaviour have been made against Access Bank PLC.
“First and foremost, we wish to emphasise that the safety and security of our customers’ funds are core priorities which we take seriously. Second, Access Bank Plc does not engage in or condone any unethical behaviour.
“In the instant case, the allegations of missing funds in the Bank are most untrue and baseless.
“There is no N500million or any other fund or amount missing from the subject customer’s account or from any other customer’s account with us.
“We and other independent stakeholders in the banking industry have thoroughly investigated these allegations and independently arrived at the same conclusions.
“Access Bank PLC operates with the highest ethical standards, and we protect our customers’ interests whilst also respecting privacy laws.
“Consequently, whilst we have engaged and will continue to engage with our customers, we must advise the public not to rely on or believe sensational and unverified claims that are designed to titillate and mislead the public.
“We remain committed to serving our customers.”
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