Forecasts by aviation giant Boeing that the industry will need 637,000 new pilots by 2036 mean that companies offering training or providing training equipment will have their work cut out. Jacopo Dettoni looks at how they intend to meet this demand.
The global aviation industry continues to grow at a steady pace as economic development and low-budget airlines boost the pool of potential passengers.
Business failure in Nigeria is a thing of concern. As a business owner or someone aspiring to have your own business, you need to address the 10 most common reasons “why businesses fail in Nigeria.” By doing so, you are given yourself a better chance of running a successful business.
Also, we will look at how business failure can be reduced in Nigeria; that is to say, we’ll be looking at solutions to small business failure. In addition, I will take you through the solutions to business failure in Nigeria.
Overview of Voluntary Assets and Income Declaration Scheme (VAIDS)
The Voluntary Assets and Income Declaration Scheme (VAIDS) is a current issue that Nigerians, especially those with significant income have to give very serious consideration in the month of March 2018, if they haven’t done so already.
In its recently released Financial Stability Report (FSR) for June 2017, the Central Bank of Nigeria (CBN) released the result of its bi-annual banking industry stress test carried out to evaluate the resilience of Nigerian banks to credit risk, liquidity, interest rate and contagion shocks. The assessment was carried out on 20 commercial and 4 merchant banks which were tiered based on asset size into Large (N1.0tn and above), Medium (assets above N500.0bn but less than N1.0tn) and Small (total assets less than N500.0bn) banks.
IPAs are enhancing their tech strategy with geographic information system platforms, proptech applications and even virtual reality to cater for increasingly sophisticated site-selection processes. But will data-driven innovation ever replace the personal touch? Jacopo Dettoni investigates.
Nigeria continues to reap the benefit of improved macroeconomic stability as shown by economic data releases by the National Bureau of Statistics (NBS) and Central Bank of Nigeria (CBN) last week.
This week, the National Bureau of Statistics (NBS) released statistical reports on several sectors of the economy amongst which were Petroleum Products Imports and Consumption Statistics for 2017, Q4:2017 data on sectoral distribution of Value Added Tax (VAT) and Telecommunications sector. The data released by the NBS on petroleum industry showed total imports of major products such as PMS (Petrol), AGO (Diesel) and HHK (Kerosene) fell in 2017 to 17.3bn, 4.2bn and 340.3m litres from 18.8bn, 4.9bn and 713.8m litres in 2016 respectively.
The Consumer Price Index (CPI) data for Jan-2018 was published earlier this week by the National Bureau of Statistics and in line with expectation, Headline Inflation moderated for the 12th consecutive month to print at a 21-month low of 15.1% Y-o-Y from 15.4% Y-o-Y in Dec-2017. The 24bps decline in Y-o-Y inflation was however majorly driven by high base effect as M-o-M Headline Index price growth accelerated 21bps M-o-M to 0.8% from 0.6% in Dec-17 against the backdrop of increases in Food and Core Indices M-o-M growths.
On the 7th of February 2018, the National Bureau of Statistics (NBS) released PENCOM data for Q4:2017 which shows a breakdown of Pension Assets and Retirement Savings Account (RSA) membership. As at December 2017, total Fund Assets Under Management (AUM) was valued at N7.5tn, up 22.0% Y-o-Y and 4.9% Q-o-Q from N6.2tn and N7.1tn in FY:2016 and Q3:2017 respectively. Similarly, total number of registered RSA holders grew 6.5% Y-o-Y and 1.5% Q-o-Q to 7.8m people from 7.3m and 7.7m individuals as of FY:2016 and Q3:2017 respectively.
As the saying goes: ‘necessity is the mother of innovation’. This justifies the fact that, many countries have experienced several breakthrough in innovation during crisis such as natural disaster, epidemic, war amongst others. These crises triggered the invention of technologies and ideas that leapfrogged some countries to their current developed state. But in Africa, a continent gripped with unemployment, poverty, hunger and more, the case is different. Africa’s poverty rate is yet to spark creative thinking and action to save the continent from poverty. For instance:
