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Korean Air Invest on 50 Units of Boeing’s Highly Fuel-Efficient Widebody Airplanes

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Boeing and Korean Air announced on Monday the airline’s intent to purchase up to 50 of Boeing’s highly fuel-efficient widebody airplanes, including 20 777-9s and 20 787-10s with options for 10 more of the largest 787 Dreamliner variant.

Korean Air’s selection of the 777-9 and 787-10 supports planned growth and renewal of its fleet in size, range and capacity to reach high-demand markets in Europe and North America, as well as popular regional routes within Asia. The carrier will leverage the market-leading efficiency and versatility of these widebody jets to enhance its fleet while adding flexibility to its global network ahead of its anticipated merger with Asiana Airlines.

The addition of the Boeing 777-9 and 787-10 aircraft marks a significant milestone in our strategic objective to expand and upgrade our fleet,” said Walter Cho, Chairman and CEO of Korean Air.

“This investment underscores our commitment to providing a best-in-class flying experience. These new airplanes will elevate passenger comfort and enhance operational efficiency, while significantly reducing carbon emissions, supporting our long-term commitment to sustainable aviation.” he added.

When finalized and posted to Boeing’s Orders & Deliveries website, Korean Air will be the latest customer to purchase the world’s largest and most fuel-efficient twin engine jet.

The 777-9 can seat 426 passengers in a two-class configuration with a range of 13,500 km (7,285 nautical miles) and the 787-10 can carry up to 336 passengers with a range of 11,730 km (6,330 nautical miles).

“We are honoured Korean Air has selected our largest, most efficient widebody airplanes to add capacity to its global network,” said Stephanie Pope, president and CEO of Boeing Commercial Airplanes.

“Boeing airplanes have played an integral role with Korean Air over the past 50 years, and the 777X and 787 Dreamliner will continue to support the airline’s long-term goals for sustainability and continued growth.” He added

The 777-9 features advanced technologies from the 787 Dreamliner family, including new carbon-fiber composite wings and engines that will enable the airplane to achieve 10% better fuel efficiency, CO2 emissions and operating costs than the competition. Meanwhile, the fuel efficiency of the 787 has helped operators avoid more than 169 billion pounds in CO2 emissions since entering service.

Korean Air’s Aerospace Division currently supplies components for the 787 program, including the model’s unique raked wing-tip. The supplier also produces parts for a number of Boeing airplanes including the 737 MAX, 767 and 777.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company’s core values of safety, quality and integrity

 

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Business

CBN Restores BDC Access to FX Market, Caps Weekly Purchases at $150,000

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By Huldah Shado

The Central Bank of Nigeria (CBN), has approved the participation of licensed Bureau De Change (BDC), operators in the Nigerian Foreign Exchange Market (NFEM), allowing each BDC to purchase up to $150,000 weekly.

The approval was contained in a circular dated February 10, 2026, signed by the Director of the Trade and Exchange Department, Dr. Musa Nakorji, and addressed to authorised dealer banks and the general public.

The CBN said the move is aimed at improving foreign exchange liquidity in the retail segment of the market and meeting the legitimate needs of end users, amid a widening gap between the official and parallel market exchange rates.

Under the new arrangement, licensed BDCs can access foreign exchange from the NFEM through any authorised dealer bank of their choice at the prevailing exchange rate.

The apex bank directed banks to carry out full Know-Your-Customer (KYC), and due diligence checks on BDC clients before selling foreign exchange to them.

It also imposed reporting and transparency requirements, mandating BDCs to submit returns electronically to the CBN.

In addition, the bank prohibited third-party transactions and limited cash settlement to a maximum of 25 per cent of each transaction.

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Abuja Reports

Ultraviolet MFB MD Visits Equity Circle, Eyes Strategic Partnership

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By Samson Adeyanju 

The Managing Director and Chief Executive Officer of Ultraviolet Microfinance Bank, Bayonle Omoyele, has paid a working visit to Equity Circle, one of Abuja’s fast-growing real estate companies, as part of efforts to strengthen strategic partnerships within Nigeria’s real estate sector.

During the visit, Equity Circle’s Co-Founder and Chief Marketing Officer, Fabian George, conducted Omoyele on a tour of the company’s facilities and outlined its growth trajectory.

He disclosed that the firm recorded significant milestones over the past four years, culminating in an ₦8 billion revenue in the 2025 financial year.

Discussions between both parties focused on establishing a strategic credit relationship, with proposed areas of collaboration including invoice discounting, structured credit solutions, and cash-flow management support to help Equity Circle sustain and scale its operations.

Addressing Equity Circle staff during an interactive session, Omoyele emphasised the importance of strong marketing fundamentals, highlighting the 4Ps of marketing-Product, Price, Place, and Promotion, as key drivers of long-term competitiveness and brand leadership.

He also urged the team to adopt a long-term growth mindset, remain focused, and ensure that every unit contributes meaningfully to the organisation’s strategic goals, noting that disciplined execution is critical in Nigeria’s evolving real estate market.

The visit underscores Ultraviolet Microfinance Bank’s commitment to supporting high-growth enterprises through tailored financial solutions and partnerships that promote sustainable economic development.

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Business

Moniepoint Strengthens Africa’s Tech Talent Pipeline with DreamDevs Cohort 2

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By Omoniyi David

Moniepoint Inc has reaffirmed its commitment to building Africa’s technology talent pipeline, announcing the opening of applications for the second cohort of its flagship DreamDevs initiative.

Co-Founder and CTO Felix Ike described DreamDevs as a programme that equips recent graduates with industry-ready skills and hands-on experience to bridge the continent’s tech talent gap.

“The success of our first cohort validated that Africa’s young tech talent can compete globally. This year, we aim to convert half of our participants into full-time employees,” Ike said, adding that the initiative creates sustainable career pathways that drive Africa’s digital economy.

DreamDevs complements Moniepoint’s other talent development programmes, including HatchDev, in collaboration with NITHub, University of Lagos, which trains about 500 specialised developers annually, and the Women-in-Tech programme, now in its fifth year.

The initiative also aligns with the Federal Government’s 3 Million Technical Talent (3MTT), programme, with Moniepoint serving as a key sponsor, offering graduates a specialised pathway from training to employment.

DreamDevs underscores Moniepoint’s broader mission to leverage technology to empower Africa’s youth and advance the continent’s digital economy.

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