Connect with us

News

NIPOST Clamps Down on 8 Illegal Courier Operators in Lagos

Published

on

Nipost-Investorsking

The Courier and Logistics Regulatory Department (CLRD) of the Nigerian Postal Service (NIPOST), last week, clamped down on eight courier operators in Lagos who were operating illegally without a courier operating license.

The enforcement team, comprising of the police and staff of CLRD, led by its Assistant General Manager in charge of Ethics, Complaints and Strategy, Mr. Banks Worimegbe, carried out an undercover investigation on illegal courier operations in Lagos for several weeks, before the clampdown.

Items such as dispatch motor-bikes, logbooks, invoice/receipt booklets were confiscated from each of the eight courier operators and a management staff arrested.

The eight courier operators were Chinmark Logistics, Crestline Logistics, Zibia Speed Logistics, Eko Expedite, Gadget Freak, Massive Solanc Limited, Nestore Technologies as well as the eight courier operators, whose name was withheld for further investigation.

Addressing the media shortly after the exercise, the General Manager at CLRD, Mr. Gideon Dotun Shonde, said the eight courier operators were clamped down for operating without a courier operating license, which he said, constitutes illegality.

According to him, there were several implications of operating without a license, such as a tendency to shortchange innocent customers, by receiving payments and parcels from customers for deliveries, without actually delivering the items, because they have no registered addresses through which they could be traced and tracked, as well as defrauding the federal government of their licensing fees, among others.

He advised the general public to desist from patronising unlicensed courier operators for the safety of their deliverables.

He said CLRD had licensed over 260 courier operators and advised Nigerians to identify them in order to transact genuine courier business with them.

Although some of those affected were full of surprise and claimed ignorance of the existing federal law that mandates courier operators to obtain a license before the operation, Shonde said the CLRD had over the years, sensitised the courier industry on the need to obtain an operational license, but that some of the operators deliberately refused to begin the process of obtaining a license, because they had the intension to cut corners and defraud the federal federal government and innocent customers.

“Sensitisation has been ongoing and in January this year, we kicked off another round of enlightenment campaigns to inform courier industry players on the need to obtain a license and to renew such license after expiration.

“I have been on national radio and television to discuss the implications of operating courier business without a license and we will not relent in our efforts of sensitising the courier industry until it is free from all manners of sharp practices and irregularities,” Shonde said.

Travel

Airline Stocks Tumble as Ryanair Cuts Summer Fare Forecast

Published

on

Ryanair’s announcement of a significant cut in summer fare expectations has sent ripples through the airline industry, causing stocks to fall sharply.

The no-frills airline reported a nearly 50% drop in profits for the quarter ending June 30, attributing the decline to lower passenger fares and frugal consumer behavior.

Ryanair’s profit before tax fell to €401 million, a stark contrast to the same period last year. This slump is primarily due to a 15% decrease in average passenger fares, as travelers continue to tighten their budgets amid ongoing economic uncertainties.

Chief Executive Michael O’Leary highlighted the shift in consumer behavior, noting that “fares are now moving materially lower than the prior year and pricing continues to deteriorate.”

The company’s previous forecast of stable fares has been revised, with expectations now set for a “materially lower” fare structure between July and September.

The announcement triggered a sell-off in airline stocks, with Ryanair’s share price plummeting by 17%.

Other airlines, including EasyJet and Wizz Air, also experienced declines, reflecting broader concerns about the industry’s financial health as customer spending contracts.

Experts are questioning whether the entire sector is facing a downturn, especially as consumers delay booking trips and opt for more budget-friendly options.

Despite the profit drop, Ryanair reported a slight increase in passenger numbers, which helped mitigate a more significant fall in overall revenue.

However, the airline emphasized that its summer performance heavily relies on last-minute bookings, particularly in August and September.

The trend of delayed bookings is partly due to the cost-of-living crisis, which continues to influence consumer spending habits.

This trend aligns with observations from other airlines like Jet2, which noted only modest price increases amid late bookings.

Ryanair’s struggles are compounded by external challenges such as air traffic control strikes and a global IT meltdown, which have led to delays and cancellations.

These issues have further dampened consumer confidence, potentially impacting last-minute booking numbers.

Moreover, Ryanair faces operational hurdles with aircraft deliveries. Boeing has warned that some 737 Max planes expected by next spring will be delayed until summer 2025, posing a threat to Ryanair’s capacity during peak travel periods.

The airline industry is grappling with the end of a post-pandemic boom in pricing, as evident from warnings by other carriers like Lufthansa and Air France-KLM.

As economic pressures mount, the sector must navigate a landscape of cautious consumer spending and logistical challenges.

Ryanair’s latest figures underscore the fragile nature of the current travel market, prompting airlines to reassess strategies to attract budget-conscious travelers while maintaining profitability.

Continue Reading

Travel

Max Air Flight Suffers Multiple Tyre Bursts, Passengers Safe

Published

on

Max Air

A Max Air flight carrying 119 passengers and six crew members from Yola to Abuja experienced a rare tyre malfunction during takeoff.

The Boeing 737, flight NGL1649, encountered an issue when four of its tyres burst, leading to an emergency halt on the runway.

The Director of Public Affairs and Consumer Protection at the Nigerian Safety Investigation Bureau (NSIB), Bimbo Olawumi Oladeji, confirmed the incident.

She stated that as the aircraft began its takeoff roll, a loud bang was heard, identified as the bursting of the rear gear tyres.

Initially, two tyres burst, and while attempting to taxi off the runway, the remaining two tyres also burst, leaving the aircraft disabled.

Glory be to God, no injuries were reported among the passengers or crew, thanks to the quick response and professionalism of the flight team.

A go-team, led by NSIB Director General Alex Badeh, is set to conduct a thorough investigation into the incident to determine the cause of the malfunction.

This investigation aims to ensure the continued safety and reliability of air travel in the region.

Max Air has expressed gratitude for the cooperation and calmness of all passengers during the incident and assured the public of their commitment to maintaining high safety standards.

The airline is working closely with authorities to address any potential issues and prevent future occurrences.

As investigations proceed, the aviation community remains focused on learning from the event to enhance safety protocols and maintain passenger confidence in air travel across Nigeria.

Continue Reading

News

Nigerians Increasingly Reject Bribe Demands, Reports NBS

Published

on

Bribery

70% of Nigerians reportedly refused to pay bribes on at least one occasion in 2023, according to a report by the National Bureau of Statistics (NBS).

The report, titled “Corruption in Nigeria: Patterns and Trends,” highlights the growing resistance to bribery among citizens.

The study found that 42% of Nigerians cited moral objections as their primary reason for refusing bribes.

Also, 23% were motivated by the pressures of the rising cost of living, while 21% had alternative ways to achieve their goals without resorting to corruption.

The report noted the highest bribery refusal rate in the North-West, where 76% of individuals resisted paying bribes.

All regions across the country recorded refusal rates exceeding 60%, indicating a nationwide trend towards rejecting corruption.

Public tolerance for bribery has also diminished, with only 23% of Nigerians considering bribery acceptable for expediting administrative processes, down from 29% in 2019.

Furthermore, fewer citizens reported facing negative consequences for refusing bribes, with figures dropping from 49% in 2019 to 38% in 2023.

This suggests a growing empowerment among Nigerians to challenge corrupt officials without fear of retaliation.

Despite these positive trends, the NBS report highlighted that over N700 billion was still paid in cash bribes to public officials in 2023.

Corruption remains the fourth most pressing issue in the country, following the cost of living, insecurity, and unemployment.

The report also underscored a decline in public confidence in the government’s anti-corruption efforts.

In 2019, more than half of Nigerians believed the government was effective in combating corruption, but by 2023, this confidence had fallen to less than a third.

The NBS findings offer a glimmer of hope for Nigeria’s fight against corruption, showcasing a public increasingly willing to stand up against bribery and demand accountability from their leaders.

Continue Reading
Advertisement




Advertisement
Advertisement
Advertisement

Trending