President Bola Tinubu has named Dr. Danjuma Adamu Ismaila as the new Rector and Chief Executive of the Nigerian College of Aviation Technology (NCAT), Zaria. The announcement was made on Wednesday in a statement by presidential spokesman Bayo Onanuga. Dr. Ismaila, a seasoned expert in air transportation management and aviation security, earned his Physics degree from Ahmadu Bello University, Zaria, in 1989. He also holds a Postgraduate Diploma in Transportation and is affiliated with prestigious organizations such as the Royal Aeronautical Society in the UK and the Air Transport Research Society. Before this appointment, Dr. Ismaila served as a lecturer at the Federal University of Transportation, Daura, Katsina State. His leadership is expected to enhance NCAT’s role in training aviation professionals and aligning Nigeria’s aviation sector with global best practices. This development underscores President Tinubu’s commitment to strengthening key institutions in Nigeria’s aviation industry.

Kuda Technologies, a prominent African digital bank, and its CEO, Babatunde Ogundeyi, are facing serious allegations of workplace misconduct. Rosemary Hewat, Kuda’s former Group Chief People Officer (CPO), has filed a lawsuit claiming sex discrimination, unfair dismissal, and a toxic work environment. According to the legal filing, Hewat alleges that Kuda, despite its public image of gender inclusivity, fostered a culture where women were undermined and excluded. She claims that Ogundeyi made disparaging remarks about female employees and cultivated an environment of fear, where employees felt unable to approach him. Hewat’s complaint also centers on a dispute over her employee stock options (ESOP). She alleges that she was offered stock options at a higher valuation compared to a male colleague in a similar role. After raising concerns about these issues and other discriminatory practices, Hewat says she was unfairly terminated in February 2024. Kuda’s CTO reportedly admitted the firing was a mistake and invited her to return. Kuda has acknowledged the lawsuit but has declined to comment on the specific allegations. The case is set to be heard in October. This legal challenge puts Kuda, which has raised significant venture funding, under scrutiny at a time when African companies are facing increasing pressure to improve governance and corporate accountability

The Central Bank of Nigeria (CBN) has directed all banks and other financial institutions to publish details of dormant accounts and unclaimed balances on their websites. The CBN’s directive, issued on February 19, 2025, aims to address the issue of unclaimed funds in Nigerian banks. The CBN’s circular, titled “Guidelines on Management of Dormant Accounts, Unclaimed Balances, and Other Financial Assets in Banks and Other Financial Institutions in Nigeria,” was signed by Michael Akuka, on behalf of the Director of the Financial Policy and Regulation Department of CBN. The CBN requires financial institutions to display the names of individuals authorized to operate the accounts, the account type, and the branch where the account is domiciled on their websites. Financial institutions without websites should publish the information on their association’s website. According to the CBN, the directive responds to inquiries from stakeholders regarding the possible breach of the Nigeria Data Protection Act, 2023 (NDPA). Section 25 (b) of the NDPA permits justifiable deviations from the general principles of the Act. Section 72 (ii) of the Banks and Other Financial Institutions Act mandates the CBN to issue guidelines on the administration of unclaimed funds. The CBN also instructed that the information be published annually in at least two national daily newspapers or on the premises of state and unit microfinance banks. A dormant account is a bank account that has remained inactive for at least one year

Airtel Nigeria, the country’s second-largest telecom operator, has adjusted its data and voice call prices by almost 50%, according to a recent announcement. This decision follows the Nigerian Communications Commission’s (NCC) approval of a 50% telecom tariff adjustment, impacting mobile operators across the nation. A senior Airtel official, speaking with Punch News, attributed the adjustments to rising operational costs, inflation, and foreign exchange volatility, emphasizing the company’s commitment to maintaining service quality and network expansion. The SMS charge has also seen an increase, now standing at N6, up from N4. The revised pricing affects various data bundles. Daily plans now range from N50 for 40MB to N350 for 1GB, monthly plans now range from 3GB for N2,000 (formerly 1.5GB at N1,200), 4GB for N2,500 (previously 3GB at N1,500), 8GB for N3,000 (formerly 4.5GB at N2,000), while weekly  plans have also been adjusted accordingly. Despite the increases, Airtel has assured its subscribers of continued affordability and value. The NCC has defended its decision to approve the tariff increase, citing Section 108 of the Nigerian Communications Act, 2003 (NCA). The commission stated that the decision was made after extensive consultations with stakeholders. This adjustment comes shortly after MTN Nigeria reversed a 200% tariff hike on its 15GB data plan following public outcry.