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Arik Claims Its Flights Disrupted by FAAN

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Arik Airplane - Investors King

Nigeria’s major carrier Arik Air has claimed its flights were disrupted on Friday by the Federal Airports Authority of Nigeria (FAAN) against court order that directed the airline should be allowed to operate flights uninterrupted.

Arik said the agency disrupted its operations at the domestic General Aviation Terminal and international terminal of the Murtala Muhammed Airport, as workers of the agency prevented Arik Air from gaining access to the Airside of both terminals.

According to the airline, ‎access to the airside was critical and fundamental to the airline’s operations for moving catering, supplies and other sundry items to the aircraft, as well as the movement of its personnel to ready the aircraft for departure.

“This access is also necessary for the airline to conduct secondary security screening, mandatory security checks and for securing the aircraft at all times in line with International Civil Aviation Organisation (ICAO) standards and recommended practice,” Arik said.

The airline noted that this ‎was not the first time that FAAN had taken the law into its own hands as it had resorted to such strong-arm tactics against the airline in the past and most recently in May this year.

“It is already in the public domain that Arik Air and FAAN have a lingering disagreement on the long-standing and unsubstantiated claim by FAAN of spurious indebtedness of the airline to the agency which is now before the Federal High Court in Lagos, at the instance of FAAN,” Arik also said.

It said FAN and Arik were reconciling payment accounts between the institutions over the charges paid by Arik Air to date and in this regard ,Arik Air had been providing all the needed assistance and cooperation to conclude the reconciliation process.

“However, FAAN has shown total disregard for the laws of the Federal Republic of Nigeria by carrying out such disruptive action again,” the airline said.

It recalled that in Suit No: FHC/L/CS/1558/2015 brought by FAAN against Arik Air before a Federal High Court in Lagos, the court on 20 June, 2016 had ordered that both parties maintain status quo ante-bellum until Ruling on the Ex-parte is delivered.

The matter was further adjourned to 10 October, 2016.

On several occasions in the past weeks, Arik Air has equally served the order of the court to FAAN since they claimed ignorance of the ruling.

‎”Blatant defiance of the laws of the country and disrespect to the High Court should not be tolerated and we appeal to the judiciary to intervene in this matter and take appropriate action to uphold the laws of the nation..

“This unjustifiable disruption by FAAN has further inconvenienced the travel plans of thousands of passengers who were already affected due to the acute scarcity of aviation fuel (Jet A1) in the recent weeks,” the airline also said.

It apologised to its esteemed passengers for any inconvenience experienced due to this unwarranted disruption and unlawful action by FAAN.

FAAN‎ was not on hand to confirm the incident.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Dangote Group Dismisses Rumours of Plan to Rise Cement Price

Dangote Cement says no price increase

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Africa’s leading cement producer, Dangote Cement Plc has dismissed the rumor that it plans to increase the price of its products.

The clarification became necessary following a recent publication that Dangote Cement plans a fresh increase.

Recently, there has been some publication (Not Investors King) about a potential increase in the price of cement. The publications noted that the increase will be a result of the high cost of fuel among other prevailing issues. 

According to the Senior Manager, branding and communication, Dangote Industries Limited, Mr Sunday Esan, “Dangote Cement is not embarking on a price increase”, stating that the increase is mere speculation.

Meanwhile, Dangote Cement in the third quarter of 2022, recorded an increase in the overall volume of cement sales by 6.2 percent to 20.8 metric tons in the third quarter of 2022.

According to the company’s Chief Executive Officer, Michel Puchercos, this was achieved, despite the elevated inflation caused by a very volatile global environment.

Similarly, while speaking on the increase in the price of fuel, Puchercos said “to mitigate the impact of the significant increase in energy and AGO costs, we are strengthening our efforts to ramp up the usage of alternative fuels”.

“We are on track to commission our Alternative Fuel feed system at Obajana lines I and V, and Ibese line II in November. In addition, we are ramping up our investment in Compressed Natural Gas (CNG), to reduce our AGO usage,” he added. 

Investors King understands that Dangote Cement is Africa’s leading cement producer with nearly 51.6Mta capacity across Africa. Although it has a few competitors which include BUA Cement, the company supplies most parts of Nigeria.

In addition, Dangote Cement has operations in 10 African countries. 

Its production plant in Obajana, Kogi state, is the largest in Africa with 16.25Mta of capacity across five lines while the Ibese plant in Ogun state has four cement lines with a combined installed capacity of 12Mta.

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JUST IN: Abuja to Kaduna Train Service to Resume by December 5

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Lagos-Ibadan Train Services - Investors King

The Federal Government has announced that services along the Abuja–Kaduna rail corridor would resume on Monday, December 5, 2022.

This was disclosed by the Managing Director of Nigeria Railway Corporation, Fidet Okhiria. 

While speaking to the News Agency of Nigeria (NAN) yesterday, Okhiria noted that all is now set to open the train corridor to passengers. 

He, therefore, advised passengers wishing to utilise the service to commence updating their mobile app from December 3, to enable them to successfully book the ride. 

Investors King earlier reported that the resumption of the Abuja to Kaduna train service will commence last Monday. The resumption was however postponed due to ongoing security work on the trail track as well as coaches. 

It could be recalled that the Minister of Transportation, Mu’azu Sambo stated during the test run of the train on Sunday that Nigerians without a National Identification Number would not be allowed to board the train.

The Minister added that the government is doing everything to stop a re-occurrence of the event that happened early this year when terrorists attacked Abuja to Kaduna. 

An event that led to the death of no less than nine people while several others were kidnapped. 

Speaking further on the new development, the NRC boss noted that the services will commence with two train rides from Abuja-Kaduna and vice-versa.

Given the train schedule, Okhiria stated that “AK 1 will depart Idu Station at 9:45 am and arrive at Rigasa Station at 11:53 am.

“KA 2 will depart Rigasa at 8:00am and arrive at Idu station at 10:17am.

“AK 3 will depart Idu Station at 3:30pm and arrive at Rigasa Station at 5:38pm.

He added that “KA 4 will depart Rigasa at 2pm and arrive at Idu Station at 4:07pm.

Okhiria noted that the federal government will continue to do all it can to protect both lives and properties on board its train at all times.

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Dominic Pizza Partners 9mobile on Food Service Delivery

The mother brand of Domino Pizza, Eat’N’Go Africa noted that the partnership is a demonstration of the company’s commitment to better serve the Nigerian market.

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Dominos Pizza

Quick Service Restaurant (QSR), Domino Pizza has partnered with mobile telecommunication provider, 9mobile to improve its food service delivery.

The mother brand of Domino Pizza, Eat’N’Go Africa noted that the partnership is a demonstration of the company’s commitment to better serve the Nigerian market.

According to a statement released by the company, the partnership is aimed to increase customer satisfaction and provide quick service delivery to both individuals and retail offices.

Investors King learnt that customers can now easily and swiftly order domino pizza through the newly launched dedicated call center. 

The statement added that the Call Centre service was currently active in all Domino’s branches in Lagos State, with plans underway to activate it in other locations in Nigeria and would provide multi-lingual services.

Speaking at the event, the Group Chief Executive Officer of Eat’N’Go Africa, Mr. Patrick McMichael noted that customers’ orders will henceforth be delivered as much faster as possible. He added that the core responsibility of the company is to attain customer satisfaction through its products and service delivery. 

“As an organization, Eat’N’Go is committed to always being at the forefront of customer satisfaction and by adapting to innovative ways we will keep improving on our service delivery which the call centre avails us,” he said. 

Similarly, the Chief Executive Officer (CEO) of 9mobile, Juergen Peschel who was present at the event expressed delight and confidence in the prospect of the new partnership. 

He noted that with the new partnership, Eat’N’Go will be able to revolutionise delivery. 

The CEO affirmed that the collaboration shows the extent to which technology can be deployed to ease the way business is done.

Meanwhile, Eat’N’Go Africa is the mother company of a number of trademark products which include Domino Pizza, Cold Stone Creamery, and Pinkberry Gourmet Frozen Yoghurt brands. It is one of the leading Quick Service Restaurants (QSR) in Nigeria. 

The company currently has more than 190 outlets across the country with the goal to reach 250 outlets in 2023. 

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