Festus Keyamo stated that to reduce ticket prices, the government will help domestic airlines acquire aircraft at a reduced rate This followed the FCCPC's announcement that it would investigate claims of unfair business practices in the aviation sector The avaition minister claimed that the impact of the exchange rate on all aspects of aviation is the reason for the high cost of tickets CHECK OUT: Don't let unemployment hold you back. Start your digital marketing journey today. Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market. Festus Keyamo, minister of aviation and aerospace development, said his ministry will assist domestic carriers in obtaining aircraft at lower prices to lower ticket costs. Keyamo said this on Sunday's "This Morning" show on Arise News. This followed report that the Federal Competition and Consumer Protection Commission (FCCPC) declared on December 1 that it will look into allegations of unfair business practices in the aviation industry . PAY ATTENTION: Legit.ng Needs Your Help! Take our Survey Now and See Improvements at LEGIT.NG Tomorrow The FCCPC claims that accusations of exploitative ticket pricing, particularly large price increases for advance bookings on specific domestic routes, are the reason behind the investigation into Nigerian airline Air Peace Limited. Read also Air Peace replies FCPPC, insists airfares are affordable: “We are a proud Nigerian airline” The Cable however reported that the accusations of predatory fares were deemed unjust and detrimental by Air Peace. How Keyamo reacts Keyamo commented on the trend, stating that the high ticket prices are a result of the exchange rate's impact on all facets of aviation, including routine maintenance like changing a tire bolt. “What we are therefore doing is to ensure that we expose them to the market across the world where they can assess aircraft on very good terms. This will impact on the prices of tickets and their cost of operation,” he said. “That is what led us to address the issue of the practice direction pursuant to the Cape Town Convention, that is the core of the problem of the aviation industry that this president and the vice president graciously supported us to get to.” A practice directive for the Cape Town Convention (CTC) was signed by the federal government on September 12 to facilitate domestic airline companies' access to dry-lease aircraft. Read also FCCPC speaks on investigating Air Peace over alleged exploitative ticket pricing Keyamo noted that, Nigeria will participate in a significant international aircraft conference to discuss other aviation issues in January. “In January, all the airlines in Nigeria, all insurance companies including the National Insurance Commission and the National Assembly leadership on insurance and aviation are all going to Dublin between the 12th and the 18th,” he said NCAA sends important message to pilots Legit.ng reported that pilots in particular have been cautioned by the Nigeria Civil Aviation Authority not to work for more than one airline at the same time while using the privilege simulators and competency assessments that are allowed by their licenses. According to the authority, such conduct would be seen as a major safety hazard and a violation of NCAA regulations. A circular titled "Prohibition of Ad-Hoc Flight Operators for Multiple Airlines Background ," issued on November 6, 2024, to all aircraft operators was issued by Chris Najomo, the acting director-general of the NCAA. PAY ATTENTION : Legit.ng Needs Your Opinion! That's your chance to change your favourite news media. Fill in a short questionnaire Source: Legit.ngIt has taken new Michigan coach Dusty May just nine games to guide the Wolverines into the Top 25. May and the Wolverines enter the poll at No. 14 and strive to continue their strong start when they face Arkansas in the Jimmy V Classic on Tuesday night in New York. Michigan (8-1) has reeled off seven straight wins to crack the rankings for the first time in nearly 25 months. "All this stuff doesn't matter to me," May said of the rankings. "It does change the complexion of what we think about and things like that. Overall, I like where we are. We have guys who work well together and they put in the time." The Wolverines look to remain hot against the Razorbacks (7-2). John Calipari's first Arkansas squad has won its past two games. Calipari spent the previous 15 seasons as coach of Kentucky and claims he's excited to be in Arkansas. "I'm not bitter about anything. I'm not," Calipari said. "This is the first page of the first chapter of a new book. The timing for me and my career and my life, this is perfect. And I appreciate the fans and everybody giving me the opportunity to do that." The Razorbacks will be searching for their initial milestone victory under Calipari during their first visit to Madison Square Garden since 1997. Their losses this season are to then-No. 8 Baylor and Illinois on neutral courts. Calipari grabbed several players out of the transfer portal in the offseason, including guard Johnell Davis, one of the stars of the Florida Atlantic team that reached the 2023 Final Four. That squad was coached by May. One of the other Florida Atlantic starters was center Vladislav Goldin, who followed May to Michigan after the coach was hired in the offseason. Goldin has strung together three straight solid games, including a season-best 24 points in a 67-64 road win over then-No. 11 Wisconsin on Dec. 3. He followed that up with 20 points and a season-high 11 rebounds in Saturday's 85-83 home win over Iowa. "He's just been a guy that you can see when he's really locked in and focused there's a different level of play," said May, "and I think now he's finding that level of play." Goldin is part of a balanced attack. Roddy Gayle Jr. averages a team-best 12.2 points per game, followed by Tre Donaldson and Danny Wolf at 12.1 and Goldin at 12.0. Wolf averages a team-best 10 rebounds per game. Arkansas is coming off a 75-60 home victory over UTSA on Saturday. Adou Thiero excelled by matching his career high of 26 points to go with 10 rebounds. Thiero scored 17 points in the second half when the Razorbacks overcame a five-point halftime deficit to outscore the Roadrunners by 20. "We've been seeing that the whole summer," Arkansas forward Trevon Brazile said of Thiero's strong play. "Him dominating. Dominating in practice and (Calipari) pushing him. This is just a reflection of the work he's done this summer and him trusting the coaches." Thiero leads the Razorbacks with averages of 18.6 points and 6.1 rebounds. Boogie Fland is averaging 15 points and Zvonimir Ivisic is scoring 12 per game. Davis (9.3) started slow with just two double-digit outings in the first seven games before averaging 12.5 over the last two games. Michigan holds a 4-3 edge in the all-time series. The Wolverines recorded an 80-67 home victory on Dec. 8, 2012 in the most recent meeting. --Field Level Media
Dusty May, No. 14 Michigan try to continue strong start vs. ArkansasShares of Nvidia fell Monday after China said it is investigating the high-flying U.S. microchip company over suspected violations of Chinese anti-monopoly laws. In a brief news release with few details, Chinese regulators appear to be focusing on Nvidia's $6.9 billion acquisition of network and data transmission company Mellanox in 2019. Nvidia shares about 3% Monday. They are still up 179% so far this year. Considered a bellwether for artificial intelligence demand, Nvidia has led the AI sector to become one of the stock market’s biggest companies, as tech giants spend heavily on the company’s chips and data centers needed to train and operate their AI systems. Nvidia's shares have surged this year along with the California company's revenue and profit due to AI demand. According to data firm FactSet, about 16% of Nvidia's revenue comes from China, second only to its U.S.-generated revenue. A spokesperson for the company based in Santa Clara, California, said in an emailed statement that Nvidia is “happy to answer any questions regulators may have about our business.” In its most recent earnings release, Nvidia posted revenue of $35.08 billion, up 94% from $18.12 billion a year ago. Nvidia earned $19.31 billion in the quarter, more than double the $9.24 billion it posted in last year’s third quarter. The earnings release did not break out revenue from China. The company's market value rocketed to $3.5 trillion recently, passing Microsoft and briefly overtaking Apple as the world's most valuable company. China’s antitrust investigation follows a report this summer by technology news site The Information that the U.S. Justice Department was investigating complaints from rivals that Nvidia was abusing its market dominance in the chip sector. The allegations reported include Nvidia threatening to punish those who buy products from both itself and its competitors at the same time. David Bieri, an international finance expert at Virginia Tech, said that China’s investigation is “not about what Nvidia is doing in China, per se” but rather a signal to the incoming Trump administration. China, Bieri said, is looking to set the tone of future relations. The Chinese government, he said, is telling the U.S. “don’t mess with us, because all of your darling corporations that your version of capitalism needs to prosper have entanglements” with China. Nvidia will have to revise its strategy in China or come up with provisions in their budgets for the type of uncertainty business with China will bring, Bieri said. “I don’t think this is something that they can shake off,” he said. “I also have a tremendous amount of faith in the brilliance of the management strategy of a corporation like Nvidia to not only pay attention to credit risk, market risk and operational risk, but also to political risk.” Nvidia’s invention of graphics processor chips, or GPUs, in 1999 helped spark the growth of the PC gaming market and redefined computer graphics. Last month, it replaced Intel on the Dow Jones Industrial Average, ending the pioneering semiconductor company's 25-year run on the index. Unlike Intel, Nvidia designs but doesn’t manufacture its own chips, relying heavily on Taiwan Semiconductor Manufacturing Co., an Intel rival. ___ Associated Press Technology Writer Sarah Parvini in Los Angeles contributed to this report.
Daniels and the Commanders host Penix and the Falcons in prime time with playoff chances at stake Jayden Daniels and Michael Penix Jr. trained and went through the NFL draft process together on the way to becoming two of the five quarterbacks taken in the top 10. Stephen Whyno, The Associated Press Dec 26, 2024 3:21 PM Dec 26, 2024 3:35 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message FILES - At left, Atlanta Falcons quarterback Michael Penix Jr. (9) plays in the first half of an NFL football game against the New York Giants in Atlanta, Dec. 22, 2024, and at right, Washington Commanders quarterback Jayden Daniels throws a pass against the New Orleans Saints during the first half of an NFL football game in New Orleans, Dec. 15, 2024. (AP Photos/Danny Karnik, Butch Dill, File) Jayden Daniels and Michael Penix Jr. trained and went through the NFL draft process together on the way to becoming two of the five quarterbacks taken in the top 10. After going off the board earlier with the second pick by the Washington Commanders, Daniels has been their starter all season and one of football's breakout stars . Penix, taken eighth in a move coach Raheem Morris joked “shocked the world," waited behind Kirk Cousins until usurping the veteran and making his first pro start last week. On Sunday night, they'll face off in the league's first prime-time showdown of rookie QBs selected in the first round, and the spotlight is bright with significant playoff implications at stake. “I'm happy for him — he waited his time,” Daniels said of Penix. “He's a phenomenal player in my eyes, and I'm excited to be able to match up against him.” Daniels and the Commanders (10-5) are in the playoffs with a win. They might already be in before kickoff if Tampa Bay loses at home to Carolina, though the Buccaneers are 8-point favorites on BetMGM Sportsbook. Washington is favored by 4 against the Falcons (8-7), who are vying with the Bucs for the NFC South title and a home playoff game and also in contention with the Commanders and others for the conference's wild-card spots. “The reality is that you fight, you fight, you fight and you put yourself in a position to go out there and win your division,” Penix said. "You put yourself in a chance to get yourself to qualify for extra play. We’re right in the mix of doing that, and we’ve got to go do it and finish.” Daniels, who threw five touchdown passes to beat Philadelphia last week and end the Eagles’ winning streak at 10 games, is the prohibitive favorite to win AP Offensive Rookie of the Year honors. Penix completed 18 of 27 passes for 202 yards in a rout of the New York Giants that included two touchdowns by Atlanta's defense and two on the ground from running back Bijan Robinson. “I was really pleased with his composure, his poise, his ability to click through progressions,” Morris said. "Realistically, it was a pretty clean game at the quarterback position. I’m very pleased with what he did and how he did it and the support that he had around him.” Coaching connection Washington's Dan Quinn is facing the Falcons as a head coach for the first time since they fired him in 2020. He was replaced then on an interim basis by Morris, who was an assistant on his staff in Atlanta the entire time Quinn was in charge, including the run to the Super Bowl in the 2016 season. “It’s always fun to play against your friends, your confidants, your mentors — whatever you want to look at it as — that we’ve been able to grow up with throughout this whole process,” said Morris, who was an assistant in Washington from 2012-14 under Mike Shanahan and interviewed for the Commanders job last winter. “Dan coaching me in college," Morris added, "and then having a chance to work together and then having a chance to really follow the same path to the National Football League and then to now being in a fortunate position to be head coaches in this awesome league and having a chance to compete against each other at a very high level with high stakes on the line in prime time and all of those things — I just enjoy those moments of being able to go against guys that you care about.” Morris said conversations from their close working relationship, which dates to their time together at Hofstra, are on a break right now. “Obviously you swap texts on normal weeks,” Morris said. “I won’t talk to him this week. I’ll ban him. I’ll block him on the phone.” More zip leads to more drops Penix's results would have been even more impressive if not for some drops by receivers. Ray-Ray McCloud and Drake London had miscues on Atlanta’s opening drive. Tight end Kyle Pitts bobbled a pass later that led to Penix's interception. Serving as scout-team QB while Cousins was the starter , Penix had little practice time with the first-string offense before last week. As a left-hander, Penix gives receivers a different look, but perhaps the biggest adjustment was the added zip on his passes when compared with Cousins. “We kind of talked about that,” Morris said. “We figured that would happen. ... We talked about the reps with these guys, not having as many. So, things like that are going to happen. But I do like the fact that we’re able to keep playing and pushing and watch the guys get better and better as we went. Fuller strength The Commanders are expected to get two-time Pro Bowl defensive tackle Jonathan Allen back after surgery in October to repair a torn pectoral muscle initially looked to be season-ending . “We know the caliber of Jon and what he can bring,” Quinn said. “He’s strong. He’s tough. So when that does happen, that’ll be something that will definitely bring energy to our defense.” Allen had 15 tackles and two sacks in five-plus games before getting injured at Baltimore on Oct. 13. Sacks on the rise After ranking last in the league with 10 sacks through the first 11 games, Atlanta’s long-struggling pass rush has enjoyed a dramatic surge. The Falcons have at least three in four consecutive games, the longest active streak in the league, with 16 total over this stretch. Arnold Ebiketie recorded his fifth sack and recovered a fumble against the Giants, and Kaden Elliss had a strip sack. Elliss also has five sacks and has dropped opposing QBs in four consecutive games: the longest streak by a Falcons defender since Patrick Kerney's five in a row in 2001. ___ AP Sports Writer Charles Odum contributed. ___ AP NFL: https://apnews.com/hub/NFL Stephen Whyno, The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Get your daily Victoria news briefing Email Sign Up More Football (NFL) Eagles look to clinch NFC East title while Cowboys hope to play spoiler Dec 26, 2024 3:29 PM Playoff hopes in the balance when the Broncos face the Bengals in Cincy Dec 26, 2024 3:20 PM Broncos cornerback Riley Moss is set to return after missing a month with knee injury Dec 26, 2024 3:05 PMMITT launches new programs in cybersecurity and health careStock indexes drifted to a mixed finish on Wall Street Thursday, as some heavyweight technology and communications sector stocks offset gains elsewhere in the market. The S&P 500 fell less than 0.1% after spending the day wavering between small gains and losses. The tiny loss ended the benchmark index's three-day winning streak. The Dow Jones Industrial Average added 0.1%, and the Nasdaq composite fell 0.1%. Trading volume was lighter than usual as U.S. markets reopened following the Christmas holiday. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, slipped 0.2%. Meta Platforms fell 0.7%, and Amazon and Netflix each fell 0.9%. Tesla was among the biggest decliners in the S&P 500, finishing 1.8% lower. Some tech companies fared better. Chip company Broadcom rose 2.4%, Micron Technology added 0.6% and Adobe gained 0.5%. Health care stocks were a bright spot. CVS Health rose 1.5% and Walgreens Boots Alliance added 5.3% for the biggest gain among S&P 500 stocks. Several retailers also gained ground. Target rose 3%, Ross Stores added 2.3%, Best Buy rose 2.9% and Dollar Tree gained 3.8%. Traders are watching to see whether retailers have a strong holiday season. The day after Christmas traditionally ranks among the top 10 biggest shopping days of the year, as consumers go online or rush to stores to cash in gift cards and raid bargain bins. U.S.-listed shares in Honda and Nissan rose 4.1% and 16.4%, respectively. The Japanese automakers announced earlier this week that the two companies are in talks to combine. All told, the S&P 500 fell 2.45 points to 6,037.59. The Dow added 28.77 points to 43,325.80. The Nasdaq fell 10.77 points to close at 20,020.36. Wall Street got a labor market update. U.S. applications for unemployment benefits held steady last week , though continuing claims rose to the highest level in three years, the Labor Department reported. Treasury yields mostly fell in the bond market. The yield on the 10-year Treasury slipped to 4.58% from 4.59% late Tuesday. Major European markets were closed, as well as Hong Kong, Australia, New Zealand and Indonesia. Trading was expected to be subdued this week with a thin slate of economic data on the calendar. Still, U.S. markets have historically gotten a boost at year’s end despite lower trading volumes. The last five trading days of each year, plus the first two in the new year, have brought an average gain of 1.3% since 1950. So far this month, the U.S. stock market has lost some of its gains since President-elect Donald Trump’s win on Election Day, which raised hopes for faster economic growth and more lax regulations that would boost corporate profits. Worries have risen that Trump’s preference for tariffs and other policies could lead to higher inflation , a bigger U.S. government debt and difficulties for global trade. Even so, the U.S. market remains on pace to deliver strong returns for 2024. The benchmark S&P 500 is up 26.6% so far this year and remains near its most recent all-time high it set earlier this month — its latest of 57 record highs this year. Wall Street has several economic reports to look forward to next week, including updates on pending home sales and home prices, a report on U.S. construction spending and snapshots of manufacturing activity. AP Business Writers Elaine Kurtenbach and Matt Ott contributed.
Dusty May, No. 14 Michigan try to continue strong start vs. Arkansas
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