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Passengers Grumble Over Rising Luggage Theft at Airports

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  • Passengers Grumble Over Rising Luggage Theft at Airports

Despite efforts to increase security at the country’s airports, cases of passengers losing items in their baggage to unknown persons is on the increase.

Although official figures obtained from the Consumer Protection Department of the Nigerian Civil Aviation Authority showed a little difference in recorded cases in the first three quarters of this year on domestic routes, it was learnt that many cases remained unreported.

Between January and September this year, 2,131 cases of pilferage were reported by passengers on international flights, while 53 cases were officially recorded on domestic routes.

Our correspondent found that most of the cases were not reported by the victims because they often discovered the theft after they had arrived at their final destinations.

One of such victims, Mr. Michael Adegbola, said his baggage was opened and some items taken out of it when he boarded a Virgin Atlantic aircraft from London to Lagos on October 29.

“I left London on the 29th of October on Virgin Atlantic and arrived on the 30th. As usual, I took my two luggage and went home. But on getting home, I discovered that one had been tampered with. I later found out that some of the items I bought for my children had been taken,” he said.

Another victim, Mr. Victor Ani, said he lost a Hewlett Packard mini laptop, which he had in his luggage on his way from Dubai in July, adding that he did not discover the theft until the day after his arrival.

Like Adegbola and Ani, many of the affected people who spoke with our correspondent, said they never had the opportunity to complain officially because they only got to know of the loss of their items when they arrived home or after a few days.

The Chief Operating Officer, Nigerian Aviation Handling Company Plc, Mr. Hassan Yahaya, said passengers were expected to report any discrepancy at the point of collection of baggage at the airports.

“A passenger is expected to report any discrepancy at the point of collection of bag(s), wait for appropriate documentation; collect his or her copy of document as evidence, and follow up with the handler and airline as advised by the customer agent,” he said.

He added that plans were in place for remote monitoring of baggage storage facilities and that maximum penalty would imposed on established culprits.

“There has also been provision of communication gadgets to reach out to passengers who missed their luggage for collection,” he said.

Although efforts to reach the Federal Airports Authority of Nigeria, operators of airports across the country failed, the General Manager, the Public Relations, NCAA, Mr. Sam Adurogboye, said passengers needed to be educated on how to handle their baggage at airports.

He said, “Pilfering is not limited to Nigerian airports or airlines coming in and going out of the country alone; it is a worldwide problem but as a passenger, if you fly an airplane, you check your luggage as soon as you get hold of it on arrival.

“Check before leaving the terminal and if you discover any pilfering, you report to the airline immediately. But if you wait till you get home, nobody will take responsibility for that. Passengers need to know that nobody is responsible for them anymore when they leave the airport.”

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

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Crude Oil

Oil Prices Continue to Slide: Drops Over 1% Amid Surging U.S. Stockpiles

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Crude Oil

Amidst growing concerns over surging U.S. stockpiles and indications of static output policies from major oil-producing nations, oil prices declined for a second consecutive day by 1% on Wednesday.

Brent crude oil, against which the Nigerian oil price is measured, shed 97 cents or 1.12% to $85.28 per barrel.

Similarly, U.S. West Texas Intermediate (WTI) crude slumped by 93 cents or a 1.14% fall to close at $80.69.

The recent downtrend in oil prices comes after they reached their highest level since October last week.

However, ongoing concerns regarding burgeoning U.S. crude inventories and uncertainties surrounding potential inaction by the OPEC+ group in their forthcoming technical meeting have exacerbated the downward momentum.

Market analysts attribute the decline to expectations of minimal adjustments to oil output policies by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known collectively as OPEC+, until a full ministerial meeting scheduled for June.

In addition to concerns about excess supply, the market’s attention is also focused on the impending release of official government data on U.S. crude inventories, scheduled for Wednesday at 10:30 a.m. EDT (1430 GMT).

Analysts are keenly observing OPEC members for any signals of deviation from their production quotas, suggesting further volatility may lie ahead in the oil market.

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Energy

Nigeria Targets $5bn Investments in Oil and Gas Sector, Says Government

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Crude Oil - Investors King

Nigeria is setting its sights on attracting $5 billion worth of investments in its oil and gas sector, according to statements made by government officials during an oil and gas sector retreat in Abuja.

During the retreat organized by the Federal Ministry of Petroleum Resources, Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, explained the importance of ramping up crude oil production and creating an environment conducive to attracting investments.

He highlighted the need to work closely with agencies like the Nigerian National Petroleum Company Limited (NNPCL) to achieve these goals.

Lokpobiri acknowledged the challenges posed by issues such as insecurity and pipeline vandalism but expressed confidence in the government’s ability to tackle them effectively.

He stressed the necessity of a globally competitive regulatory framework to encourage investment in the sector.

The minister’s remarks were echoed by Mele Kyari, the Group Chief Executive Officer of NNPCL, who spoke at the 2024 Strategic Women in Energy, Oil, and Gas Leadership Summit.

Kyari stressed the critical role of energy in driving economic growth and development and explained that Nigeria still faces challenges in providing stable electricity to its citizens.

Kyari outlined NNPCL’s vision for the future, which includes increasing crude oil production, expanding refining capacity, and growing the company’s retail network.

He highlighted the importance of leveraging Nigeria’s vast gas resources and optimizing dividend payouts to shareholders.

Overall, the government’s commitment to attracting $5 billion in investments reflects its determination to revitalize the oil and gas sector and drive economic growth in Nigeria.

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Commodities

Palm Oil Rebounds on Upbeat Malaysian Exports Amid Indonesian Supply Concerns

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Palm Oil - Investors King

Palm oil prices rebounded from a two-day decline on reports that Malaysian exports will be robust this month despite concerns over potential supply disruptions from Indonesia, the world’s largest palm oil exporter.

The market saw a significant surge as Malaysian export figures for the current month painted a promising picture.

Senior trader David Ng from IcebergX Sdn. in Kuala Lumpur attributed the morning’s gains to Malaysia’s strong export performance, with shipments climbing by a notable 14% during March 1-25 compared to the previous month.

Increased demand from key regions like Africa, India, and the Middle East contributed to this impressive growth, as reported by Intertek Testing Services.

However, amidst this positivity, investors are closely monitoring developments in Indonesia. The Indonesian government’s contemplation of revising its domestic market obligation policy, potentially linking it to production rather than exports, has stirred market concerns.

Edy Priyono, a deputy at the presidential staff office in Jakarta, indicated that this proposed shift aims to mitigate vulnerability to fluctuations in export demand.

Yet, it could potentially constrain supply availability from Indonesia in the future to stabilize domestic prices.

This uncertainty surrounding Indonesian policies has added a layer of complexity to palm oil market dynamics, prompting investors to react cautiously despite Malaysia’s promising export performance.

The prospect of Indonesian supply disruptions underscores the delicacy of global palm oil supply chains and their susceptibility to geopolitical and regulatory factors.

As the market navigates these developments, stakeholders remain attentive to both export data from Malaysia and policy shifts in Indonesia, recognizing their significant impact on palm oil prices and market stability.

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