FAAN Lists Agencies to Interface with Passengers at Airports

service delivery and effective revenue mobilisation,” she said.

Adeosun explained that in Nigeria, we have simply in the past adjusted to every challenge but the last two years which have been rough, has shown that there is a limit to adjustment. the more ambitious strategies of acquisitions and expansion into new geographical markets are the main focus,” it added.

When asked to identify future objectives, unsurprisingly, 62 per cent cited improved profitability, 38 per cent, higher turnover and 27 per cent – diversification as their top business goals.

In Nigeria and Africa, Family Businesses identified easier access to financing, infrastructure development, reduced administrative burden and lower tax rates, as key changes required to boost their growth prospects. The report urged operators of family businesses in Nigeria to start looking at HNWIs (High Net Worth Individuals) as a viable source of financing.

“HNWIs are happy to be involved and offer their advice, which is a trait that many family businesses are looking for. They would often like to have an equity stake, which (in some cases) could be a barrier to investment.

“The highest priorities for family businesses over the next two years relate to improved profitability, increased turnover and diversification. Family businesses must begin to enforce strategic cost optimisation as a means of tackling decline in profit levels.

“Businesses that do not take firm and sustainable cost optimisation measures will likely soon find themselves dealing with ever tightening profit margins and a stagnant bottom line,” it advised.

Commenting on the report, a Partner and Head, Management Consulting, KPMG in Nigeria, Segun Sowande said: “Families in business have an opportunity to create a lasting legacy that brings with it a sense of accomplishment and pride.

The Director General of the National Broadcasting Commission, Mallam Is’haq Modibbo Kawu, has said that Nigeria will adopt phased implementation of switch over from analogue to digital broadcasting (Digital Switch Over) (DSO), beginning with six states.

The confirmation came few days after the Minister of Information, Mr. Lai Muhammed, dropped the hint, while playing host to the Niger’s Minister of Communication, Koubra Abdoulaye that Nigeria would switch over from analogue to DSO in six states across the six geo-political zones within the next one month.

According to Kawu, the six states that have been chosen include Enugu in the Southeast, Kaduna in the Northwest; Gombe in the Northeast; Kwara in the North Central; Delta in the South-South and Osun in the Southwest.

The Director General stated that the commission will remain optimistic; adding that by the end of the year, at least half of the country would have access to Free Digital Television content.

He said: “Our timeline plan is to execute a phased implementation of six states, at a period. So as we conclude the six states currently in progress, we would choose another set of six states, reflecting the geo-political zones, for the next phase, until the entire country is completely covered.

“Following the successful launch of the Abuja switch over last December, we announced a plan to launch in one state from each of the six geo-political zones of Nigeria. Consequently, the following states were chosen for the next Chinedu Eze

The Federal Airports Authority of Nigeria (FAAN) has listed the six agencies approved to interface with passengers at the country’s airports henceforth.

In a public notice issued at the weekend, FAAN informed airlines, passengers and the general public of the new development.

“The Federal Airports Authority of Nigeria hereby serves notice to Airlines, passengers and the general public that in compliance with the provisions of the Executive Order recently approved by the Presidency, only the under-listed security agencies have been given approval to interface with passengers at our Terminals.

“The affected agencies are: Nigeria Immigration Services (NIS), The Nigeria Customs Services (NCS), National Drug Law Enforcement Agency (NDLEA), State Security Services (SSS), Explosive Ordinance Disposal Unit (EOD) and Nigerian Agricultural Quarantine Services (NAQS).”

FAAN said in the statement that” it has reconfigured the affected agencies’ orientation at the airports as follows: Nigerian Immigration Services (NIS) and National Drug Law Enforcement Agency (NDLEA) will now operate at Arrival and Departure halls; Nigeria Customs Services (NCS) will operate at the Arrival Hall only; the State Security Services (SSS) and Nigerian Agricultural Quarantine Services (NAQS) will operate at the Cargo Terminals only, while the Explosive Ordinance Disposal Unit, (EOD) will be operating at the baggage hall.”

“Consequently, all agencies required by law to be on uniform while on duty must be fully kitted at all times with their name tags conspicuously visible and must remain within the confines of their responsibilities, the agency said, even as it urged management of the affected agencies to ensure strict compliance with the directive.

In order to promote financial inclusion through the acceleration of FinTech across Africa, the Abu Dhabi Global Market (ADGM), of the United Arab Emirates (UAE) and TechPreneur Africa, have signed a memorandum of understanding (MoU) to foster and support the growth and activities of FinTech in the Middle East and African regions.

Announcing the agreement reached between the two groups recently, TechPreneur Africa, a social impact firm focussed on harnessing innovation and entrepreneurship to achieve real economic impact across Africa, said ADGM was the first in the Middle, East and Africa region to have a FinTech regulatory laboratory regime to foster innovation in financial services.

By taking into account the unique business model and risks of the FinTech participant and customising the test boundaries and regulatory requirements accordingly, the ADGM regulatory labora-