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Nigerian airlines record 54% delayed domestic flights in two months

The latest report on domestic and international flight operations released by the Nigerian Civil Aviation Authority shows that 54% of domestic flights were delayed between May and June 2019.

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FAAN Recruitment scandal, Nigerians hit with over 60% delayed and cancelled domestic flights in 2018, Nigerian Airlines, delayed flight, Air travellers may soon witness fare hike due to VAT increase 

The latest report on domestic and international flight operations released by the Nigerian Civil Aviation Authority (NCAA) showed that 54% (5,363 ) of the domestic flights operated between May and June 2019 were delayed.

According to the report, in May, a total of 5,000 flights were operated in the country, out of which 2,463 or 49% were delayed. Also, in June, a total of 5,323 domestic flights were operated and out of these, 2,900 (54%) were delayed.

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Domestic flights’ delayed: Analysis of the data showed that nine domestic airlines operated in the country between May and June with a total of 10,323 flight operations. These included Air Peace, Aero Contractors, Dana Air, Arik Air, Max Air, Azman Air, Overland Airways, Medview Airline and Ibom Air.

  • Out of the total delayed flights, Air Peace recorded the highest reported cases with 2,026 (38%) delayed and nine cancelled flights.
  • Aero Contractors recorded 765 delayed air flights, representing 14% of total flights delayed without any cancelled flights.
  • Dana Air ranked third. In two months, it recorded 605 or 11% of total flights delayed.

[READ: Why we increased flight services – Emirates Airline]

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  •  Arik Air recorded 553 or 10% of total delayed flights to rank 4th, while it also recorded five cancelled flights.
  • Max Air ranks 5th with 467 or 9% of total delayed flights and seven cancelled flights.
  • Azman Air ranks 6th with 439 (9%) delayed flights, while Overland Airways recorded 308 (8%) delayed flights.
  • Medview Airline recorded 57 flights delayed.
  • Ibom Air recorded 31 (1%) delayed flights. This, according to the record, was the least.

A further look into the report showed that a total of 2,504 International flights were recorded between May and June. Out of the 2,504 flights, 673 got delayed. This represented 29% of the total flight operations in Nigeria during the period.

The rising-rate of flight delay in Nigeria has been a source for concern just as an earlier report showed that 7,926 delayed domestic flights were recorded between January and March 2019. This means between January and June 2019, Nigeria recorded a total of 13,289  cases of air flight delay.

The local aviation sector of Nigeria is arguably one of the most unreliable in the emerging market. Flight delays are frequent occurrences and Nigerians appear to be accustomed to it.

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The Downsides – The question on the lips of many Nigerians is: when would Nigerian airlines become reliable for travellers? Sadly, it may not be anytime soon as most of the challenges faced by these airlines still remain.

  • The shortage of aircraft remains a concern for most airlines who don’t have enough to cover more routes.
  • Huge overheads and thin margins mean airlines need to cut the cost to remain afloat and when they do, they often cut customer service experience.
  • It should be noted that flight delays may sometimes be due to operational reasons, technical problems, scarcity of aviation fuel, and bad weather.
  • In recent times, there have reported cases of accidents involving Air Peace fleets and as according to the raking above, the airline is the king of delayed flights in Nigeria.
  • The latest statistics call for further concerns as Nigerians have been made to bear the brunt of flights delay.

[READ FURTHER: Worry, as another Air Peace jet gets involved in an accident]

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Samuel is an Analyst with over 5 years experience. Connect with him via his twitter handle

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Business News

Job listings spike up by 183% in April –Jobberman

Jobberman released figures showing a 183% increase in job listings on its platform in April 2020, thanks to its #UnityInAdversity campaign.

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Job listings spike up by 183% in April – Jobberman

Notable job placement website, Jobberman, has released figures showing that there was a 183% increase in job listings on its platform in the month of April 2020.

This increase, according to Jobberman, is a result of the #UnityInAdversity campaign which allowed companies to post job listings and access Jobberman’s database of over 2.2 million professionals across Nigeria for free, rather than paying the usual fees. This was the company’s way of showing support to businesses and individuals, amid the economic challenges which resulted from the COVID-19 pandemic.

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According to the release from Jobberman, this campaign came at a cost to the company since it was trading off its revenue by offering for free, the same services which formed its major source of income.

“At the beginning of March, Jobberman Nigeria saw a 70 percent decrease in job listings due to the reduced economic activity caused by the enforced lockdown and many companies shutting down recruitment budgets to cut costs. Jobseeker sign-ups also decreased by 17 percent. Jobberman took the bold step to put employers’ and job seekers’ needs first” the statement read.

(READ MORE: Merger, Tax incentive boosts BUA Cement FY 2019 result)

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The campaign, which is billed to run till June 30, has paid off greatly as data for April’s job listings alone was more than that of the entire Q1 2020 period. See a breakdown of the job listings below:

  • Almost a fifth of the positions (18.79%) were listed in the tech sector
  • Banking, finance, and insurance accounted for 9.27%
  • Education and training had 6.78 percent
  • IT & Software positions accounted for 11.69%
  • Sales had 13.32%.

Note that with the increase in job listings, job seeker sign-ups also increased by 39% in April alone.

Job listings spike up by 183% in April – Jobberman

Speaking about the campaign, the CEO of Jobberman Nigeria, Hilda Kragha said, “The COVID-19 pandemic has made the process of connecting talent to opportunities more complicated and we are fully aware of the strain businesses and individuals in Nigeria are facing. We plan to be here for the next 10 years so making this small sacrifice to help our users navigate these difficult times is something that we think is definitely worth doing”.

Kragha also noted that the campaign has encouraged healthy competition as candidates strive to show themselves qualified for the position.

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“We have found that soft skills such as emotional intelligence, business etiquette, time management, which are often overlooked and underestimated in Nigeria, can make a big difference. We know the power of soft skills and we are committed to empowering individuals with the training and soft skills they need to succeed in the workplace” she explained further.

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(READ MORE: Partnerships Beyond The Partners… Another Lesson From Interswitch)

Sequel to this, the company also launched a free soft skills training programme to help job seekers (between age 18 and 30 years) acquire the needed soft skills and better their chances of gaining employment.

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Economy & Politics

Gold prices rise, as President Trump decides on China today

Gold prices jumped on Friday as China and America’s drift deepened over further moves by China to impose security laws on Hong Kong

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Gold, Gold prices tick up as President Trump decides on China today

Gold prices jumped on Friday as China and America’s drift deepened over further moves by China to impose security laws on Hong Kong, lifting the allure of safe havens amid market uncertainties.

U.S. President Donald Trump’s top economic adviser cautioned the Chinese lately that Hong Kong, which has enjoyed special privileges, may now be treated like China when it comes to financial matters and trade.

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Trump, who had earlier vowed a tough action on China, will hold a news conference today to announce what measures his administration will take.

Spot gold gained about 0.1% at $1,719.63 per ounce, and U.S. gold futures rose 0.4% to $1,734.60.

The friendship between the Americans and Chinese had weakened, since the outbreak of the Covid-19 pandemic.

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President Trump and President Jinping of China have accused each other as a result of issues surrounding the COVID-19 pandemic.

(READ MORE:  Gold records 3-week high, as investors rush to safe haven)

Why do Investors buy Gold? Global Investors most often buy the safe-haven asset in times of uncertainty and use it to hedge against cash (inflationary macros).

Oil prices, Gold prices tick up as President Trump decides on China today

“The possible U.S. response could range from a tearing up of the Phase 1 trade deal and fresh tariffs on China, to milder travel or financial sanctions on Chinese officials,” said Shane Oliver, chief economist at Australian wealth manager AMP to Reuters News.

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“It is seen as a major threat to the rally we’ve had and the recovery,” “If it’s at the relatively mild end, then I don’t think it would derail the recovery bull market, but if it’s at the more extreme end with tariffs and harsh treatment of Hong Kong, then I think it gets more problematic,” Oliver added.

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Business News

AfDB board denies asking Adesina to step down, as Obasanjo says the bank risks being hijacked

“The Bureau of the board of governors informs the public that it has not taken any decision. Everyone must allow the Bureau to do its work and allow due process to reign.”

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AfDB partners DFID to unveil $80m infrastructure financing for Africa, ADB launches $3 billion “Fight COVID-19” Social Bond, US calls for an independent probe of AfDB president, Akinwumi Adesina, AfDB board denies asking Adesina to step down as Obasanjo says the bank risks being hijacked

The Bureau of the Board of Governors of the African Development Bank (AfDB) has denied media reports making the rounds that AfDB’s president, Akinwumi Adesina, has been asked to step down pending the completion of the probe and determination of allegations against him.

The bank’s top governing board members said that they have not asked Adesina to step down from his position as president, even as the board continues to review the fallout of complaints by some whistleblower. The statement from the Chairman of the bank’s board of governors, Niale Kaba, said:

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“The Bureau of the board of governors informs the public that it has not taken any decision. Everyone must allow the Bureau to do its work and allow due process to reign. All governors will be carried along in resolving the issue.’’

READ ALSO: IMF advises banks to suspend dividend payment

Kaba also stressed that there was no governance crisis at AfDB as was being speculated in certain quarters. He confirmed that the Bureau of the Board of Governors of AfDB met on Tuesday, May 26, after the request by the U.S Secretary calling for an independent probe. The essence of the meeting was to take a closer look at the allegations by the whistleblowers against Akinwumi Adesina, said allegations which had already been investigated by the ethics committee of the bank.

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Kaba further disclosed that even though no decision has been taken yet, the bureau assures that it is treating the case with the utmost seriousness that it deserves.

(READ MORE:  AfDB bows to pressure from U.S, orders an independent probe of Akinwumi Adesina)

Adesina, who maintains his innocence of those allegations, had stated that a fair, transparent, and just process will vindicate him.

In a related development, former Nigerian President Olusegun Obasanjo had thrown his weight behind Adesina and kicked against the demand by the United States of America for a fresh, independent probe of the AfDB President who had earlier been cleared by the ethics committee of the bank.

In his letter to 12 former African Presidents, Obasanjo said that Africa must stand up and not allow its institutions to be unduly controlled by non-African countries.

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Obasanjo said that the bank has witnessed tremendous growth under Adesina’s leadership and has doubled its capital base since he took over.

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