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World Airports Re-Opening Dates for International Flights.

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World Airports opening dates for International flights.

The International Civil Aviation Organization (ICAO) has projected the re-opening dates for World International flights.

The International Civil Aviation Organization is a specialized agency of the United Nations. It changes the principles and techniques of international air navigation and fosters the planning and development of international air transport to ensure safe and orderly growth.

Sequel to the outbreak of the COVID-19 pandemic, all airlines shut down in the bid to contain the spread of the novel coronavirus.

According to ATC News reports, it seems the ICAO is set to reopen Economic activities of the Civil Aviation Organizations around the world. Below are the reopening dates of various countries international flights.;

  1. Lebanon ๐Ÿ‡ฑ๐Ÿ‡ง July 15, 2020
  2. Bahrain ๐Ÿ‡ง๐Ÿ‡ญ June 10, 2020
  3. Qatar ๐Ÿ‡ถ๐Ÿ‡ฆ June 10, 2020
  4. Jordan ๐Ÿ‡ฏ๐Ÿ‡ด July 15, 2020
  5. Iraq ๐Ÿ‡ฎ๐Ÿ‡ถ (Air Corridor) August 1, 2020
  6. Iran ๐Ÿ‡ฎ๐Ÿ‡ท August 1
  7. Egypt ๐Ÿ‡ช๐Ÿ‡ฌ August 1
  8. Saudi Arabia ๐Ÿ‡ธ๐Ÿ‡ฆ August 1, 2020
  9. Tunisia ๐Ÿ‡น๐Ÿ‡ณ August 1
  10. sweat Baghdad ๐Ÿ‡ฎ๐Ÿ‡ถ first of August month
  11. Japan ๐Ÿ‡ฏ๐Ÿ‡ต June 15, 2020
  12. Northern Macedonia ๐Ÿ‡ฒ๐Ÿ‡ฐ June 15, 2020
  13. Lithuania ๐Ÿ‡ฑ๐Ÿ‡น June 15, 2020
  14. Hungary ๐Ÿ‡ญ๐Ÿ‡บ June 15, 2020
  15. Poland ๐Ÿ‡ต๐Ÿ‡ฑ June 15, 2020
  16. Romania ๐Ÿ‡ท๐Ÿ‡ด June 15, 2020
  17. Serbia ๐Ÿ‡ท๐Ÿ‡ธ June 15, 2020
  18. Netherlands ๐Ÿ‡ณ๐Ÿ‡ฑ June 20, 2020
  19. Kazakhstan ๐Ÿ‡ฐ๐Ÿ‡ฟ June 20, 2020
  20. Albania ๐Ÿ‡ฆ๐Ÿ‡ฑ June 22, 2020
  21. Bosnia and Herzegovina ๐Ÿ‡ง๐Ÿ‡ฆ June 22, 2020
  22. Denmark ๐Ÿ‡ฉ๐Ÿ‡ฐ June 22, 2020
  23. Estonia ๐Ÿ‡ช๐Ÿ‡ช June 22, 2020
  24. Finland ๐Ÿ‡ซ๐Ÿ‡ฎ June 22, 2020
  25. South Korea ๐Ÿ‡ฐ๐Ÿ‡ท June 22, 2020
  26. Ireland ๐Ÿ‡ฎ๐Ÿ‡ช June 22, 2020
  27. Kyrgyzstan ๐Ÿ‡ฐ๐Ÿ‡ฌ June 22, 2020
  28. Latvia ๐Ÿ‡ฑ๐Ÿ‡ป June 22, 2020
  29. Norway ๐Ÿ‡ณ๐Ÿ‡ด June 22, 2020
  30. Slovakia ๐Ÿ‡ธ๐Ÿ‡ฐ June 22, 2020
  31. Australia ๐Ÿ‡ฆ๐Ÿ‡บ July 1, 2020
  32. Belgium ๐Ÿ‡ง๐Ÿ‡ช July 1, 2020
  33. Belarus ๐Ÿ‡ง๐Ÿ‡พ July 1, 2020
  34. China ๐Ÿ‡จ๐Ÿ‡ณ (Beijing only) July 1, 2020
  35. Sweden ๐Ÿ‡ธ๐Ÿ‡ช July 1, 2020
  36. Canada ๐Ÿ‡จ๐Ÿ‡ฆ July 1, 2020
  37. Colombia ๐Ÿ‡จ๐Ÿ‡ด July 1, 2020
  38. Kosovo ๐Ÿ‡ฝ๐Ÿ‡ฐ July 1, 2020
  39. Malaysia ๐Ÿ‡ฒ๐Ÿ‡พ July 1, 2020
  40. Moldova ๐Ÿ‡ฒ๐Ÿ‡ฉ July 1, 2020
  41. Uzbekistan ๐Ÿ‡บ๐Ÿ‡ฟ July 1, 2020
  42. Republic of Taiwan ๐Ÿ‡น๐Ÿ‡ผ July 1, 2020
  43. Turkmenistan ๐Ÿ‡น๐Ÿ‡ฒ July 1, 2020
  44. Ukraine ๐Ÿ‡บ๐Ÿ‡ฆ July 1, 2020
  45. Indonesia ๐Ÿ‡ฎ๐Ÿ‡ฉ July 10, 2020
  46. India ๐Ÿ‡ฎ๐Ÿ‡ณ July 10, 2020
  47. Pakistan ๐Ÿ‡ต๐Ÿ‡ฐ July 10, 2020
  48. Algeria ๐Ÿ‡ฉ๐Ÿ‡ฟ July 15, 2020
  49. Morocco ๐Ÿ‡ฒ๐Ÿ‡ฆ July 15, 2020
  50. Philippines ๐Ÿ‡ต๐Ÿ‡ญ July 15, 2020
  51. South Africa ๐Ÿ‡ฟ๐Ÿ‡ฆ July 15, 2020
  52. Georgia ๐Ÿ‡ฌ๐Ÿ‡ช (only for Georgia City) July 15, 2020
  53. UK ๐Ÿ‡ฌ๐Ÿ‡ง July 15, 2020
  54. Kuwait ๐Ÿ‡ฐ๐Ÿ‡ผ July 15, 2020
  55. Libya ๐Ÿ‡ฑ๐Ÿ‡พ July 15, 2020
  56. Cyprus (Turkish side) June 1, 2020
  57. Russia ๐Ÿ‡ท๐Ÿ‡บ July 15, 2020
  58. Bulgaria ๐Ÿ‡ง๐Ÿ‡ฌ June 10, 2020
  59. Brazil ๐Ÿ‡ง๐Ÿ‡ท August 1
  60. Armenia ๐Ÿ‡ฆ๐Ÿ‡ฒ August 1, 2020
  61. France ๐Ÿ‡ซ๐Ÿ‡ท August 1
  62. Greece ๐Ÿ‡ฌ๐Ÿ‡ท June 10, 2020
  63. Germany ๐Ÿ‡ฉ๐Ÿ‡ช June 15, 2020
  64. Spain ๐Ÿ‡ช๐Ÿ‡ธ August 1
  65. Italy ๐Ÿ‡ฎ๐Ÿ‡น August 1
  66. Austria ๐Ÿ‡ฆ๐Ÿ‡น June 15, 2020
  67. Azerbaijan ๐Ÿ‡ฆ๐Ÿ‡ฟ June 15, 2020
  68. Czech Republic ๐Ÿ‡จ๐Ÿ‡ฟ June 15, 2020
  69. USA ๐Ÿ‡บ๐Ÿ‡ธ September 1, 20
  70. Switzerland ๐Ÿ‡จ๐Ÿ‡ญ June 15, 2020
  71. -UAE first flight to Beirut airport on 1/7

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Economy

Twitter makes Ghana its headquarters in Africa, Nigerians React

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Twitter makes Ghana its headquarters in Africa, Nigerians React

Twitter announced today that the company is now in Africa, with its headquarters in Ghana.

“Twitter is now present on the continent. Thank you Ghana and @NakufoAddo,” Twitter CEO, Jack Dorsey tweeted today, April 12.

Abubakar Suleiman, the CEO of Sterling Bank, has weighed in on the conversation about Twitter making Ghana its headquarters in African.

Nigerians reacted to the fact that Ghana, and not Nigeria, was chosen to be the headquarters.

Then Suleiman tweeted: “First you tell the world Nigeria is a zoo.. Then you hear @TwitterSF has chosen @GhanaPresidency as their WA headquarters & you are wondering why.

ALSO READ;

“If you canโ€™t sell yourself, nobody will buy you. Nigeria remains the heartbeat of Africa, our current struggles notwithstanding.”

Bank CEO, Abubakar Suleiman blames Nigerians who bad-mouth the country for Twitter’s decision to make Ghana its headquarters in Africa

See Nigerians Reactions Below;

A number of his followers took to the comments to disagree with him and he doubled down, writing: “I think everyone sells. And we should showcase the good things in our country even as we critic the shortcomings..”

 

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Economy

CBN crashes liquidity mop-up activities, raises treasury bills

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CBN reduces liquidity mop up activities through Treasury bills

The Central Bank of Nigeria (CBN) drastically reduced its liquidity mop up activities through treasury bills by 81 percent, year-on-year, y/y, to N793 billion in the first quarter of the year (Q1โ€™21).

The apex bank, among other things, controls money supply (liquidity) in the economy by issuing or purchasing secondary market treasury bills, also known as Open Market Operations (OMO) when it wants to reduce money supply, while it injects liquidity by purchasing OMO treasury bills.

The CBN reduced the amounts of OMO bills offered by 80 per cent, y/y, to N858 billion in Q1โ€™21, from N4.26 trillion in Q1โ€™2020.ย  Similarly, the amount of bills sold fell by 81 per cent, y/y, to N793 billion in Q1โ€™21ย  from N4.44 trillion in Q1โ€™2020.ย  In the same vein, the amount of OMO TBs demanded by the banks and FPIsย  (public subscription)ย  fell by 41 per cent, y/y, to N3.13 trillion in Q1โ€™21 from N5.31 trillion in Q1โ€™2020.

Further analysis of OMO TBs sold in Q1โ€™21 showed that the CBN offered N103 billion worth of 91-Days bills but sold N85 billion while the public subscription stood at N248.6 billion.

Meanwhile the apex bank raised yields (interest rate) on theย  OMO TBs apparently to increase the attractiveness of the bills to foreign portfolio investors, FPIs, and enhance foreign exchange inflow.ย  Financial Vanguard analysis showed that average yield (stop rate) forย  OMO bills roseย  by 4.55 percentage points to 8.53 per cent at the end of March from 3.98 per cent at the end of December last year.

The CBN raised the stop rate for 91-Days OMO bills by 5.3 percentage points to 7.0 per cent inย  March from 1.61 per cent in December. It also raised the stop rate forย  182-Days OMO bills by 4.05 percentage points to 8.5 per cent in March from 4.45 per cent in December. Similarly, the stop rate forย  365-Days bills rose by 4.2 percentage points to 10.1 per cent in March from 5.9 per cent in December.

These were in sharp contrast to the downward trend recorded last yearย  when average yield on OMO TBs crashed by 8.13 percentage points as the CBN slashed stop rate forย  91-Days, 182-Days, 365-Days OMO bills respectivelyย  by 9.87 percentage points, 7.15 percentage points and 7.36 percentage points respectively from 11.48 per cent, 11.6 per cent and 13.26 per cent at the beginning of the year.

While citing this reversal in the yields on OMO TBs and other fixed income instruments as a factor behind the negative performance of the Nigeria Stock Exchange, NSE, in Q1โ€™21, analysts at United Capital Plc,ย  projected that the upward trend in yields on fixed income instruments will persist in Q2โ€™21. They said:

โ€œLike we noted, the bearish sentiment in the equity market has been stoked by fast-paced reversal in the yield environment. The peak of the reversal appears to be distant even though the pace of increase at recent auctions (Bonds & T-bills) seems to have slowed. We expect upward pressure on yields to garner pace later in Q2-2020 depending on the outcome of the May MPC meeting as well as data from economic recovery.โ€

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Economy

CBN gets order to freeze 194 accounts in 17 banks

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CBN gets order to freeze 194 accounts in 17 banks

The Central Bank of Nigeria, CBN has secured three separate interim orders from a Federal High Court in Abuja to freeze bank accounts linked to 194 business entities and individuals in 17 banks.

This was contained in a post by the apex bank on its website yesterday pursuant to the court order. The freeze orders were sequel to three exparte applications filed by the apex bank seeking a mandatory order of the court to ask the 17 banks to freeze the account of the business organizations and individual pending the outcome of an ongoing investigation the apex bank had initiated.

In one of the suits against Nuru Abubakar and 24 others, the court granted the request by CBN to freeze the account of the defendants in the banks for 45 days. Justice A.R Muhammed who made the order in his ruling on March 30, 2021, said: โ€œAn interim order is hereby made empowering the applicant to direct the head office of the listed banks to freeze forthwith all transactions on the bank account of the defendants for a period of 45 days pending the outcome of investigation and inquiry currently being conducted by CBN.โ€

ALSO READ;

In another suit filed by CBN against Sethwealth Ventures and two others, the court granted an exparte application by the apex bank to freeze 50 accounts linked to the three defendants in 13 banks. A similar order was also made in the suit by CBN against Bluebeam Capital Ltd freezing 60 accounts of the company in 13 banks.

The 17 banks affected are Access Bank, First City Monument Bank, Fidelity Bank, Sterling Bank, Keystone Bank, Providus Bank, United Bank for Africa (UBA), Wema Bank and First Bank. Others are Guaranty Trust Bank, Ecobank Bank, Heritage Bank, Polaris Bank, Zenith Bank, Stanbic IBTC Bank, Standard Chartered Bank and Union Bank.

The companies affected include Bluebeam Capital Limited, Sethwealth Ventures, Seasons Bureau De Change, Lat-Ade Logistics, Sani Polo Global Investment Ltd, Saneo Global Resources Limited and Romvic Ventures Nigeria Limited.

 

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