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US NTSB Opens Hearing on Alaska Airlines’ Boeing 737 MAX Cabin Panel Blowout

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The U.S. National Transportation Safety Board on Tuesday is questioning key witnesses from Boeing, Spirit AeroSystems and the Federal Aviation Administration on the mid-air cabin panel blowout of an Alaska Airlines 737 MAX 9 door plug in January.

During the start of its two-day investigative hearing, the board released 3,800 pages of factual reports and interviews from the ongoing investigation.

The incident badly damaged Boeing’s reputation and led to the MAX 9 being grounded for two weeks, a ban by the FAA on expanding production, a criminal investigation and the departure of several key executives. Boeing has vowed to make key quality improvements.

Boeing’s senior vice president for quality, Elizabeth Lund, and Doug Ackerman, vice president of supplier quality for Boeing, are testifying Tuesday during the hearings scheduled to last 20 hours over two days. Ackerman said Boeing has 1,200 active suppliers for its commercial airplanes and 200 supplier quality auditors.

Lund said Tuesday Boeing is still building “in the 20s” for monthly MAX production – far fewer MAXs than the 38 per month it is allowed to produce. “We are working our way back up. But at one point I think we were as low as eight,” Lund told the NTSB.

A flight attendant described a moment of terror when the door plug blew out. “And then, just all of a sudden, there was just a really loud bang and lots of whooshing air, like the door burst open,” the flight attendant said. “Masks came down, I saw the galley curtain get sucked towards the cabin.”

Terry George, senior vice president and general manager for Boeing Program at Spirit AeroSystems, and Scott Grabon, a senior director for 737 quality at Spirit, which makes the fuselage for the MAX, also testified Tuesday.

Last month Boeing agreed to buy back Spirit AeroSystems, whose core plants it spun off in 2005, for $4.7 billion in stock.

The hearing is reviewing issues including 737 manufacturing and inspections, safety management and quality management systems, FAA oversight, and issues surrounding the opening and closing of the door plug.

Boeing has said no paperwork exists to document the removal of four key missing bolts. Lund said Boeing has now put a bright blue and yellow sign on the door plug when it arrives at the factory that says in big letters: “Do not open” and adds a redundancy “to ensure that the plug is not inadvertently opened.”

In June, FAA Administrator Mike Whitaker said the agency was “too hands off” in its oversight of Boeing before January. FAA employees told the NTSB that Boeing employees did not always followed required processes.

Jonathan Arnold, Aviation Safety Inspector at the FAA, said a systemic issue he witnessed at Boeing’s factory was employees not following the instructions.

“That seems to be systemic where they deviate from their instructions. And typically, tool control is what I see most,” Arnold said.

Lund said before the Jan. 5 accident, every 737 fuselage delivered to Boeing had defects – but the key is making sure they are manageable. “What we don’t want is the really big defects that are impactful to the production system,” Lund said. “We were starting to see more and more of those kinds of issues. I will tell you right around the time of the accident.”

The interviews also addressed questions of factory culture, which has been under fire in congressional hearings. Whistleblowers have alleged that Boeing retaliated against people coming forward with safety concerns on the factory floor.

Boeing executive Carole Murray described various problems with fuselages coming from Spirit AeroSystems in the run-up to the accident. “We had defects. Sealant was one of our biggest defects that we had write-ups on,” she said. “We had multiple escapements around the window frame, skin defects.”

Michelle Delgado, a structures mechanic who worked as a contractor at Boeing and did the rework on the Alaska MAX 9 aircraft, told NTSB the workload is heavy and requires working long hours.

“When we’re very overwhelmed with work, it is pressing because with everything we’ve cut down on some personnel, so now it’s like in order for me to not have to deal with a worse situation tomorrow, I’d rather work a 12 to 13-hour shift to get it all done, for my sake, so I don’t have to deal with people the next day.”

 

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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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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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