Translational inhibition due to CHEAP RETIN-A the fact that the path of the excitation occurs Br neuron. recurrent inhibition     Carried intercalary brake cells (Renshaw). Axons of buy nolvadex online canada motor neurons often give collaterals (branches), ending with Renshaw cells. Renshaw cell axons terminate on the body or dendrites of the motor neuron, forming inhibitory synapses. Arousal that occurs in motor neurons travel in a straight path to the skeletal muscle, as well as collaterals to inhibitory neurons, which send impulses to motoneurons and inhibits them. The stronger the motor neuron excitation, the more excited Renshaw cells and the more intense they exert their inhibitory effect, which protects nerve cells from overstimulation. lateral inhibition    
 

[ Masterweb Reports: Joshua Odeyemi reports ] - The Federal Government has declared Monday, 29th May, 2017 as Public Holiday to celebrate the 2017 Democracy Day.

 
Making the declaration on behalf of the Federal Government yesterday, the Minister of Interior, Abdulrahman Bello Dambazau congratulated Nigerians for witnessing another Democracy Day, which marks the Second Year Anniversary of President Muhammadu Buhari’s administration.
 
Dambazau in a statement by the Director overseeing the office of the Permanent Secretary (DOOPS), Alhaji Muhammadu Maccido assured Nigerians of the government’s continued efforts towards guaranteeing security, revitalizing the economy and tackling corruption.
 

*Photo Caption - As seen.

[ Masterweb Reports: Isiaka Wakili reports ] - The Presidency said it will on May 29 organise what it calls a presidential level report card of President Muhammadu Buhari’s administration. The Senior Special Assistant to Acting President Yemi Osinbajo on Media and Publicity, Mr Laolu Akande, disclosed this in a statement yesterday.
 
Akande said this was part of the activities lined up for the commemoration of the second year of President Buhari’s administration.
 
He specifically stated that the presidential level report card event on the Social Investment Programmes (SIP) of Buhari’s Presidency would be held at the Aso Rock Presidential Villa, Abuja.
 
According to Akande, “Here at this national event, we shall be updating Nigerians on the progress so far attained, how we are addressing some challenges and how President Buhari’s Social Investment Programmes would be significantly expanded going forward.
 
”The SIPs are the N-Power which engaged 200,000 unemployed Nigerians graduates for a volunteer job programmers; the Conditional Cash Transfer being implemented now in nine states, the General Economic and Empowerment Programme (GEEP)--a micro credit scheme that has given out almost 60,000 loans out already; and the National Homegrown School Feeding Programme where 25 million meals have been served and over one million primary school pupils in at least seven states are being fed and over 11,000 cooks hired,” he said.
 
*Photo Caption - President Muhammadu Buhari’s

[ Masterweb Reports: Emma Elekwa reports ] - Days after news made rounds that more than 10,000 candidates were involved in examination malpractice in Anambra state, the Joint Admissions and Matriculation Board (JAMB) says only seven people were involved across 28 centres in the state.
 
JAMB coordinator in the state, Lynda Nwachukwu, said she was misquoted, and shocked at the outrageous figure over exams she considered successful.
 
"I remember telling the journalists who spoke with me on this matter that between seven and ten persons were arrested for malpractices throughout the 28 centres in Anambra, and wondered how such figure was arrived at" she said.
 
*Photo Caption - As seen.

[ Masterweb Reports: Chris Agabi reports ] - The Counter Terrorism Implementation Task Force (CTITF) and United Nations Counter Terrorism Centre (UNCTC) have trained 35 Nigerian aviation security Master Trainers in Abuja.
 
The effort was part of UN’s project to support efficient security screening across Nigeria’s civil aviation infrastructure.
 
The capacity-building project, which was co-founded by the British Government and Northern Island, was being implemented by UNCTC in partnership with Nigerian government.
 
Dr Jehangir Khan, Director, Counter Terrorism Implementation Task Force (CTITF) said at the graduation ceremony that Nigeria is a long-standing partner in the United Nations counter-terrorism work.
 
He said the country was one of the early partners in the Integrated Assistance for Countering Terrorism (I-ACT) that brought the UN family together to provide ‘All-of-UN’ capacity building on counter-terrorism.
 
The Minister of State for Aviation, Hadi Sirika, said the Federal Government under was committed to equipping the nation’s aviation security (AVSEC) for optimum performance.
 
*Photo Caption - UN logo

[ Masterweb Reports: Press Release For Immediate Release ] - This publication contains a comprehensive list of Private Universities in Nigeria approved by the National University Commission as at the year 2016/2017. The list is compiled in a serial order according to the year they were founded and establishment by different Private Individuals, Private Organizations, Private Business owners, Entrepreneurs, Churches, Mosques, etc. across Nigeria.
 
This specific list is to support students, lecturers, researchers, parents and guardians from any part of the Nigerian states that intends to apply for any of the Universities/Institutions to know the approved and accredited courses offered by these schools. CLICK HERE TO READ MORE:
 
Sunshine Nigeria
Email: omoba@goodbooksafrica.com
for Good Books Africa
 
*Photo Caption - As seen.

[ Masterweb Reports: Dr. C. K. Ekeke reports ] - It is really sad that the West—Barack Obama, David Cameron, Germany, France and off-course Nigerians mostly the North and SW led by Tinubu - elected a man whose past and antecedents are well known.
 
Moreover, most Nigerians know Buhari very well. His ethnic prejudice and primordial policies during his military regime in 1983/84 crippled the economy and the country. This is an ex-military dictator whose unguarded comments, unwise actions, lack of communication skills and leadership etiquette are nothing to write about. So far, his two-year presidency has been a complete disaster.
 
It’s really a shame of a nation that formulates policies designed to strangulate a potential region of the country, a region that has the capacity and wherewithal to develop the entire country.
 
And so, why are Ndigbo hated in Nigeria? I have written on this topic few times in the past including my piece titled: Why does Biafra want separation from Nigeria! Seven reasons (Part 1 &2), published by several Nigerian online newspapers.
 
In the video that Femi Fani-Kayode released recently, President Muhammadu Buhari stated the primary reason why the Hausa/Fulani hate Igbos so much in Nigeria. I have read a number of articles, few books and seen videos on the so-called "Igbo coup" of January 15, 1966, which off-course has been debunked by a number of writers and eye-witnesses. I’m not going to dwell on the awful history of Nigeria’s military period, but luckily we now know why Ndigbo are deeply hated in Nigeria.
 
Having known this, what are we going to do to redeem our history and reclaim our future in Nigeria?
 
Like the Jews, whom Igbos claim affinity with, they were hated by their neighbors – the Palestine, Arabs, Europeans, etc. and persecuted worldwide. Throughout the history, we read how the Jews were persecuted, sent in bondage because of whose they are and who they claimed to be, in addition to their disobedience and not following the commandments of God. Because of those reasons and others, the Jews always found themselves in bondage or enslaved...
 
We can count few nations in the world that like the Jews. But they have always overcome their travails. Each time, they cried out to God and a prophet will be sent by God to deliver them.
 
By divine intervention and providence, in 1948, the Jews finally settled in a tiny Land in Middle East, the size of Abia/Imo State combined. Today, the Jews literally control the globe with their ingenuity, innovation, and creativity. The tiny country of Israel, which has no natural resources, is among the richest nations and the third most industrialized nation on the planet after USA and Japan. Its minimum wage is higher than that of the U.S... Their scientists, innovators, writers, lawyers, entrepreneurs, professors, etc. scatter the globe and lead some of the prominent institutions in the world.
 
The Jews have learned to love and care for one another again, which was destroyed as a result of their travails and history of persecution, bondage and enslavement. Today, a Jew cannot look away while another Jew is struggling or suffering. They have re-established their "beloved community" – no fierce competition among themselves, no greed, no jealousy, no backbiting, none of that, but they work together to transcend adversity and achieve common success in all that they do and touch.
 
That’s what Ndigbo need to learn to do if they are ever going to conquer the adversity and pathological hatred against them in Nigeria. It is going to take the secret of the Jewish people and God’s divine intervention for Igbos to survive in Nigeria.
 
Igbos are fiercely hated by Hausa-Fulani and Yoruba tribes of Nigeria. And that’s one of the major reasons Nigeria cannot advance beyond what it is today—essentially a failed State, a corrupt, lawless and violent nation.
 
Despite her enormous human capital and abundant natural resources—a nation with so much promise of prosperity and greatness, today is a failed State because of ethnic hatred, tribalism, and injustice against Igbos. The Nigerian State sponsors ethnic and religious massacre using Boko haram and Fulani herdsmen as well as military and political motivated killings.
 
The barbaric, murderous state of Nigeria is one the main reasons several groups are agitating for self-determination, which is an international law. Some groups seek restructuring, which the north views as division of the country. Even though, the agitation for the restoration of the sovereign State of Biafra by IPOB is widely felt in Nigeria and globally today, Niger Delta, OPC, Middle Belt, etc. and other variant groups are calling for restructuring or disintegration of the country.
 
Most ethnic groups in Nigeria want freedom and self-determination from the corrupt and failing State of Nigeria, which has been badly managed by a clandestine elitist group for their selfish and self-serving purposes. Moreover, the deep seeded ethnic hatred, severe suffering and marginalization and numerous injustices against Ndigbo by the Hausa-Fulani Caliphate and Yoruba co-conspirators since the amalgamation of Nigeria in 1914 cannot be healed overnight.
 
Some of us who have spent time studying the mechanics—politics of hatred and policies of stagnation of the former eastern region know quite well that Ndigbo have no future in Nigeria. And those who still believe in one-Nigeria are either deluded or protecting the little crumbs they are receiving from their Fulani masters. We are deceiving ourselves in Nigeria. Instead of continuous waste of lives and destruction of destinies, the best thing is for peaceful division of the country if the north cannot agree to true fiscal federalism and regional autonomy.
 
It is time sincere and courageous citizens come together and unite to liberate themselves and their land from this clandestine and corrupt elitist group that have held Nigeria in bondage for too long.
 
All Sincere Nigerians must come together and do whatever is necessary to restructure the country or peacefully divide it — because there is no future and hope for us in today’s Nigeria. Life in Nigeria today is a hopeless one. Apart from the thousands that have been massacred since Buhari came into office, one study recently estimated that 7.4 million Nigerians are mentally depressed due to economic recession and hardship.
 
President Buhari and his northern cabals do not want restructuring. APC/Buhari said that 1300 page report of the 2014 National Conference organized by ex-president Gioodluck Jonathan should be consigned to the dustbin. Within months of coming into power, President Buhari relocated the army headquarters to his State, and appointed his nephew to be the chief of army staff. His cousins, nephews and friends head most of the vital institutions in Nigeria today. All the military institutions are headed by Fulani men who are absolutely loyal to Muhammadu Buhari even in his death bed. Sadly, Islamic Nigeria has become our new colonial master with their network of political prostitutes from Biafra representing their self-interests as long as they are given crumbs that fall under the table.
 
The north want status quo to continue. They want to continue to control the crude oil resources in Biafra land and revenue that accrues from it. They want to continue to control their conquered territories, which sadly today includes several parts of Biafra land. They want to stay on top of the oppressed people simply for their selfish, self-serving ideologies. However, history teaches us that such conquest and oppression do not always survive. Babylon, Assyria, Rome, Greece, Britain, France, etc. all failed.
 
We need courageous, visionary and skillful Nigerians to work together to emancipate the country from this systemic marginalization, political oppression, and satanic subjugation against the indigenous populations.
 
If we do not wake-up from our slumber now to confront the on-going satanic plan and attack carefully orchestrated by the Northern Oligarchy and their British imperial masters to continue the marginalization and subjugation of ethnic populations, the entire Nigeria will be enslaved and Islamized one day. As a matter of fact, the Eastern region is the only remaining territory for Hausa/Fulani to conquer in Nigeria. And it is on-going now. If it is not confronted, Nigeria will become Turkey or Egypt one day. Why not? Nigeria is the absolute desire of Saudi Arabia to become fully Islamized in Africa.
 
The strategy of conquest and enslavement of ingenious populations has always been the same used by colonial powers of the past – Babylon, Assyria, Rome, Greece, Britain, France, America, etc. And that’s exactly what is going on in Nigeria today. I firmly believe the evil British government is behind the oppression of Igbo in Nigeria. We need Godly wisdom and divine strength to overcome their satanic subjugation.
 
Moses, the great Jewish leader and prophet was called by God to deliver the children of Israel from the oppressive regime of Pharaoh and orchestrated policy to exterminate the Israelites from Egypt. Moses was born during the oppression of the Israelites in Egypt (Exodus 2:2). King Pharaoh launched an official policy of oppression against the Israelites because of their population growth, progress and wealth. When the oppression failed to curb the population growth, he announced the new policy (death decree) – "Every boy that’s born to the Hebrew woman shall be thrown into the Nile (Exodus 1:22). Moses was born just during that time. Even though Moses grew in up the Palace and received the best education the world can offer then, he was not a happy child. He grew up to witness the oppression and maltreatment of his people. Moses responded to the act of oppression against his people by killing an Egyptian and will later lead a movement with the help of Joshua, Aaron and divine guidance of God, he brought out the enslaved Israelites out of Egypt.
 
Jesus Christ was born in the middle of Roman conquest of his people and land. As he grew up, he led a movement that rebelled against the social, moral, economic and political injustices against his people. Jesus was murdered by the Romans with the help of his people – the Jewish religious bigots and hypocrites for the primary reason that he rebelled and agitated for freedom of his oppressed people. He remains the greatest moral, human and political activist of all time.
 
Mahatma Gandhi, Nelson Mandela, Martin Luther King Jr. – are just few examples of other human rights activists that agitated for social justice and freedom of their people.
 
Aren’t we tired of living in captivity, bondage, slavery and servitude in this modern times in our beloved country? Isn’t time that we demand to live as free people – to live in freedom, liberty, justice and pursuit of happiness for all? Isn’t time for all Nigerians to live in prosperity and pursue their God-given destiny?
 
By the way, one-Nigeria and unity cannot be achieved by force. Even God did not compel His creation to live in hateful unity and abused relationships. In fact, those were the very reasons divorce was permitted biblically. God the Creator did not continue to share the heavens with Satan, who was the "Angel of Light "after he rebelled and committed idolatry. God does not condone unity with uncircumcised people. Jesus Christ did not ask us to love and live with our enemies. He only told us to love our neighbor. We were not commanded to live with a neighbor who hates and always ready to kill. We don’t have to live with hateful and treacherous neighbors.
 
May God open our eyes, enlighten our minds and give us the strength to forge the unity and foster the love necessary to confront this satanic conspiracy in order to free our people and land from the coming enslavement and islamization of entire Nigeria.
 
C. K. Ekeke ( Email: cfsnl@yahoo.com )., is a theologian, author, consultant, and leadership scholar.
 
*Photo Caption - Map of Igboland

[ Masterweb Reports: Dr. Perry Brimah reports ] - The Senate fought the Executives; DSS fought EFCC, Judiciary fought the Executives and now the Executives are fighting the Executives.
 
There is a war in the Presidency. This is what some of us have been warning about and pleading with President Muhammadu Buhari to come clean on the cause, year of onset and prognosis of his medical condition over; and why we have been campaigning for him to resign and monitor a stable transfer of power while still capacitated.
 
The war is not between the infirm Buhari and Vice Osinbajo. The war is between the audacious Cabal at the presidency, with the cabal at the Presidency supported by their external northern-based coterie of Cabal. The war is between the Cabal and Buhari himself, who allegedly has been infuriated with their moves.
 
It is these cabal that we alerted the nation about, who "locked" ailing Buhari up in Aso rock, disallowing him seek continued medical management abroad. It was these cabal who, upon seeing Vice President Osinabjo in Acting capacity winning the hearts and minds of not just the citizenry but their Premiere, President Muhamamdu Buhari who was of high praise for him, that decided to block his travel and-possible-handover ever again even if he had to die in Aso rock.
 
We have seen two further strikes by this cabal. Chief of Staff Abba Kyari is reported to have injected the senseless, demeaning and mischievous "coordinating" into the template of the letter sent to the National Assembly, NASS. This was a second strike. They know that Buhari demanded impeachment of late President Umaru Yar'Adua for not being transparent and not handing over while sick to deputy Goodluck Jonathan, and intend to subject him to the same.
 
The third strike is happening now: while Senate President Olusola Saraki surprisingly saved the day by giving priority to the first premise in the letter to NASS, thereby empowering Professor Yemi Osinbajo as Nigeria's Acting President, the cabal yet refuse to accept his authority. Attempting to overrule Professor Osinbajo's declaration as relayed by his SSA Laolu Akande, to sign the budget when he deems it fit; the cabal went on the air to ridicule the Vice, Buhari and Nigeria by saying that they intended to fax the budget to London for President Buhari to accent and then transfer it to Osinbajo to implement.
 
SSA to the President, Ita Enang on Channels TV Wednesday night said,

"The 2017 budget will be transmitted to Mr president and the President will assent to the budget."



In an earlier write-up I called for the suspension/sack of Abba Kyari for insubordination. The same call now goes for Ita Enang. These are serious offenses of the "coup" nature. These are the culprit cabal talking to soldiers with malicious plots for the eventuality of a no Buhari.
 
As I wrote March 1st in my article, "Nigeria’s Looming Power Battle," the implicated wish to cause a constitutional crises and chaos with the intention of either promoting a military coup out of it or getting the Senate president to possibly impeach the pair of Buhari and Osinbajo, once Buhari is incapacitated, and setting up a temporary transitional government to conduct hastened early elections arranged for a northern or rather, northwestern to be precise, candidate's victory.
 
We the people must not wait as pawns. We must act preemptively to protect our destiny. A handful of cabal cannot continue to seize us by the jugular. The news is awash with a report on how the wealth of just five government corruption-made cabal can end extreme poverty in Nigeria. The cabal working with politicians and military have killed us. But as walking dead, we can yet give them a good fight.
 
Dr. Perry Brimah ( Email: drbrimah@gmail.com ) reports.
 
*Photo Caption - Seal of The President of The Federal Republic of Nigeria. It is the official symbol of the Nigerian President, first used in 1979 by President Shehu Shagari.

[ Masterweb Reports ] - Masterweb developed this page in a bid to daily keep you abreast of Nigerian and world news events so you are well informed and do not miss any news occurrence in Nigeria and around the globe. Most Nigerian newspapers are updated daily. Nigeria and World News Headlines are uptaded every ten minutes as events unfold in the world. 
 
This news page is a useful tool to both Nigerians and everybody irrespective of his or her nationality and country of residence in keeping abreast of current news around the world. We have millions of satisfied users of this page, some of who have made financial contributions in supporting the page and its component link sections.  
 
Use the links below to update yourself of today's news events - 
 
=> Click To Read Nigerian Newspapers
 
=> Click To Read Nigerian News Headlines
 
=> Click To Read World News Headlines
 
=> Click To Read Nigeria Radio & TV News
 
=> Click To Read World Radio & TV News
 
To adequately keep abreast of Nigerian and world news events daily, below is a guide to follow so you do not miss any single news event in Nigeria and around the globe. This means that the news guide is important to both Nigerians and everybody irrespective of his or her nationality and country of residence.
 
STEPS TO FOLLOW NOT TO MISS ANY SINGLE NEWS ITEM
 
1. STEP ONE - Start-off by subscribing to Masterweb RSS News Feed - This is a one time action. Subscription to Masterweb RSS News Feed allows for the automatic download of our news updates to your computer - that way Masterweb news updates come to you automatically. Click here to subscribe to Masterweb RSS News Feed
 
_______
 
2. STEP TWO - Start the day by visiting our Newspapers Section ( www.nigeriamasterweb.com/paperfrmes.html ) and read Nigerian and world news from different sources including Nigerian newspapers.
 
_______
 
3. STEP THREE - Visit both our Nigeria News Headlines ( www.nigeriamasterweb.com/NigeriaNewsHeadlines.html/ ) and World News Headlines ( www.nigeriamasterweb.com/WorldNewsHeadlines.html/ ) several times (up to 12 times) daily as the pages are updated every 45 minutes. During a visit, if the news is not updated, hit the F1 key on your keyboard to refresh the page for the latest news update.
 
_______
 
4. STEP FOUR - Check out what are on radio and TV in Nigeria and the world by visiting Nigeria Radio & TV News and World Radio & TV News
 
_______
 
5. STEP FIVE - Check out what our news contributors may have posted for the day at our Citizen News ( www.nigeriamasterweb.com/blog/ ) and Masterweb Reports Section ( www.nigeriamasterweb.com/Masterweb/ )
 
_______
 
6. STEP SIX - Revisit our Newspapers Section ( www.nigeriamasterweb.com/paperfrmes.html ) before bedtime for late updates and/or following day's early updates by Masterweb and Nigerian newspapers.
 
_______
 
7. YOU ARE NOW FULLY INFORMED FOR THE DAY - If you follow the guide above, you will never miss any news event in the world. This means that you will be fully equipped to engage in any news or current affairs discussion anywhere and any place in the world. Best of luck!
 
8. ALL NEWS LINKS ABOVE ORGANIZED ON ONE PAGE - Masterweb has put together a unique page that has all the news links above that you need to adequately keep abreast of Nigerian and world news events - Click here to go to the page ( the Link or URL is http://www.nigeriamasterweb.com/NeverMissNewsEvents.html ).
 
*Photo Caption - As seen.

 

[ Masterweb Reports: Isiaka Wakili reports ] - The Presidency has condemned the fresh rumour of President Muhammadu Buhari's death, describing it as a plot by vested interests to create panic. The Senior Special Assistant to the President on Median and Publicity, Malam Garba Shehu, said via Twitter last night that nothing unpleasant had happened to the president.
 
The presidential spokesman asked Nigerians to disregard the rumour, saying it was baseless.
 
"Baseless rumours are trending again that an unpleasant thing has happened to our beloved president.
 
"If you have received this information on WhatsApp or Facebook, disregard it because it is a plain lie spread by vested interests to create panic.
 
"Nothing unpleasant has happened to the president. No cause for apprehension. Thanks for the many calls," Shehu said.
 
In the same vein, the Special Adviser on Media and Publicity, Mr Femi Adesina, described the rumour as vain.
 
"Why do some people rage and imagine vain things? It is the counsel of God that shall stand. May God bless all those praying for PMB," Adesina wrote on his Twitter handle, @FemAdesina.
President Buhari departed for London penultimate Sunday night for a follow-up consultation with his doctors who are to determine the length of his stay there.
It would be recalled that the president had been similarly rumoured dead during his last medical vacation in the United Kingdom in January.

[ Masterweb Reports: Press Release For Immediate Release ] - The Emirates Group turnover hits $25.8 billion with a huge workforce of 105,000. Emirates today announced its 29th consecutive year of profit and steady business expansion, despite a turbulent year for aviation and travel.
 
Released today in its 2016-17 Annual Report, the Emirates Group posted an AED 2.5 billion (US$ 670 million) profit for the financial year ending 31 March 2017, down 70% from last year’s record profit. The Group’s revenue reached AED 94.7 billion (US$ 25.8 billion), an increase of 2% over last year’s results, and the Group’s cash balance decreased by 19% to AED 19.1 billion (US$ 5.2 billion) mainly due to the repayment of two bonds on maturity and ongoing high investments into its fleet and aircraft related assets.
 
In line with the current business climate and to support the future investment plans of the Group, no dividend payment will be made to the Investment Corporation of Dubai (ICD) for 2016-17.
 
His Highness (H.H.) Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group, said: “Emirates and dnata have continued to deliver profits and grow the business, despite 2016-17 having been one of our most challenging years to date.
 
“Over the years, we have invested to build our business capabilities and brand reputation. We now reap the benefits as these strong foundations have helped us to weather the destabilising events which have impacted travel demand during the year - from the Brexit vote to Europe’s immigration challenges and terror attacks, from the new policies impacting air travel into the US, to currency devaluation and funds repatriation issues in parts of Africa, and the continued knock-on effect of a sluggish oil and gas industry on business confidence and travel demand.”
 
In 2016-17, the Group collectively invested AED 13.7 billion (US$ 3.7 billion) in new aircraft and equipment, the acquisition of companies, modern facilities, the latest technologies, and staff initiatives.
 
Sheikh Ahmed said: “These investments will further strengthen our resilience, even as we extend our competitive edge, and adapt our businesses to the volatile business climate and fast changing consumer expectations. 
 
“We remain optimistic for the future of our industry, although we expect the year ahead to remain challenging with hyper competition squeezing airline yields, and volatility in many markets impacting travel flows and demand.
 
“Emirates and dnata will stay attuned to the events and trends that impact our business, so that we can respond quickly to opportunities and challenges. We will also progress on our digital transformation journey. We are redesigning every aspect of how we do business, powered by an entirely new suite of technologies. Our aim is to deliver more personalised customer experiences, and seamless customer journeys, and make our operations and back-office functions even more efficient.”
 
Across its more than 80 subsidiaries and companies, the Group increased its total workforce by 11% to over 105,000-strong, representing over 160 different nationalities.
 
Emirates’ total passenger and cargo capacity crossed the 60 billion mark, to 60.5 billion ATKMs at the end of 2016-17, cementing its position as the world’s largest international carrier. The airline increased capacity during the year by 4.1 billion Available Tonne Kilometres (ATKMs), or 7% over 2015-16. 
 
Emirates received 35 new aircraft, its highest number during a financial year, comprising of 19 A380s and 16 Boeing 777-300ERs. At the same time 27 older aircraft were phased out, bringing its total fleet count to 259 at the end of March. This fleet roll-over involving 62 aircraft was the largest programme it has ever managed in a year, and it brought Emirates’ average fleet age down significantly to 63 months, compared with 74 months last year, and the industry average of 140 months. 
 
During the year, Emirates launched six new passenger destinations: Fort Lauderdale, Hanoi, Newark, Yangon, Yinchuan and Zhengzhou; and one new additional freighter destination: Phnom Penh. It also added services and capacity to nine cities on its existing route network across Africa, Asia, Europe, the Middle East, and North America, offering customers even greater choice and connectivity.
 
Against significant currency devaluations against the US dollar and fare adjustments due to a highly competitive business environment, Emirates managed to keep its revenue stable at AED 85.1 billion (US$ 23.2 billion). The relentless rise of the US dollar against currencies in most of Emirates’ key markets had an AED 2.1 billion (US$ 572 million) impact on airline revenue, and to the airline’s bottom line. It was the 2nd largest measured in a financial year after last year.
 
Total operating costs increased by 8% over the 2015-16 financial year. The average price of jet fuel fell slightly during the financial year. But due to an 8% higher uplift  in line with capacity increase, the airline’s fuel bill increased by 6% over last year to AED 21.0 billion (US$ 5.7 billion). Fuel is now 25% of operating costs, compared to 26% in 2015-16, but it remained the biggest cost component for the airline.
 
Overall passenger traffic growth continues to demonstrate the consumer desire to fly on Emirates’ state-of-the-art aircraft, and via efficient routings through its Dubai hub.
 
Emirates carried a record 56.1 million passengers (up 8%), and achieved a Passenger Seat Factor of 75.1%. The decline in passenger seat factor compared to last year’s 76.5%, is relative to the strong 10% increase in seat capacity by Available Seat Kilometres (ASKMs), and also in part due to lingering economic uncertainty and strong competition in many markets.
 
Under pressure from the weakening of all major currencies against the USD, passenger yield dropped to 24.7 fils (6.7 US cents) per Revenue Passenger Kilometre (RPKM).
 
To fund its fleet growth in a year of record aircraft deliveries, Emirates raised AED 29.1 billion (US$ 7.9 billion), using a variety of financing structures.
 
Emirates continued to tap the Japanese market for the Japanese Operating Lease (JOL) structure and Japanese Operating Lease with a Call Option (JOLCO) on both A380-800 and Boeing 777-300ER aircraft, while further accessing a diverse institutional investor and bank market base including Korea, the United Kingdom, Germany and Spain. Further and owing to the suspended Export Credit Agency (ECA) support, Emirates successfully structured an innovative AED 4.4 billion (US$ 1.2 billion) commercial bridge facility with US and Chinese institutions.
 
These deals align with Emirates’ strategy to seek diverse financing sources, and underscore its sound financials and the strong investor confidence in the airline’s business model.
 
Emirates closed the financial year with a healthy AED 15.7 billion (US$ 4.3 billion) of cash assets. 
  
Emirates continued to invest in refreshing its product and services in line with changing customer needs. The airline revealed its enhanced A380 Onboard Lounge which will enter service in July 2017, and announced a significant, multi-million dollar deal with Thales to equip its future Boeing 777X fleet with Thales’ AVANT inflight entertainment system. 
 
In an airfreight market that remained challenging with fast-changing demand patterns, Emirates’ cargo division reported a revenue of AED 10.6 billion (US$ 2.9 billion), a decline of 5% over last year, while tonnage carried slightly increased by 3% to reach 2.6 million tonnes.
 
Emirates’ hotels recorded revenue of AED 738 million (US$ 201 million), an increase of 5% over last year in a highly competitive market mainly in the UAE.
 
In its 58 years of operation, 2016-17 has been dnata’s most profitable yet, crossing AED 1.2 billion (US$ 330 million) profit for the first time. Building on its strong results in the previous year, dnata's revenue grew to AED 12.2 billion (US$ 3.3 billion), up 15%. dnata’s international business now accounts for 66% of its revenue.  
 
In line with revenue growth, the number of aircraft handled by dnata in the UAE increased 2% to 216,000, and Cargo handling by 4% to 714,000 tonnes showing a first turnaround sign of the cargo industry’s ongoing malaise. 
 

Adekunle Olushola
Social Media Manager

JSP Communications
No 26 Oroleye Crescent off Abel Oreniyi Street.
Off Salvation Road, Opebi
Ikeja, Lagos
08112808900,07069592772
Website: http://jspcommunications.com
Email: adekunle@jspcommunications.com
 
*Photo Caption - As seen.