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Uber increases fares in Nigeria

Fares for Uber, one of the ride-hailing services operating in Nigeria, has increased.

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Uber increases fares in Nigeria

Uber Nigeria has increased fares on its UberX with effect from Tuesday, October 6, 2020.

UberX is the most popular private car service on offer at Uber, commonly referred to as the ‘low-cost option’ for riders.

This was disclosed by the company, in an e-mail shared with the riders and seen by Nairametrics.

READ: Uber Introduces Uber Cash In Nigeria

The ride-hailing firm increased its minimum fare from N400 to N500, Base from N200 to N220, per kilometer from N60 to N65.

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The firm explained that the decision was taken to balance reliable earning opportunities for driver-partners, as well as a reliable and affordable service for the riders.

READ: FG records revenue of N676.41 billion in July

It stated, “While we have always tried to keep prices as low as possible, we need to be aware of the increased costs for driver-partners. This comes after implementing an in-depth earnings review to ensure that the Uber app continues to be a reliable economic opportunity for driver-partners, as well as an affordable option for riders. We believe that these fares remain competitive, and we’re committed to offering high-quality service to driver-partners in Lagos.”

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Back story: Last February, Nairametrics reported that some riders of Uber and Bolt expressed their displeasure when they observed an alleged increase in the fares of the ride-hailing firms.

READ: Uber withdraws financial forecast, reduces assets value by $2 billion

A customer who identified himself as Wole Akinde told Nairametrics that he noticed the surge in price; after he ordered a Bolt cab from his office around Opebi to Ojota, a trip he makes even before the ban. When the trip ended, he was shocked when he found he had to part with N1,300 as the trip charge, and not the usual N500-800 price range he used to pay.

Abiola has spent about 14 years in journalism. His career has covered some top local print media like TELL Magazine, Broad Street Journal, The Point Newspaper. The Bloomberg MEI alumni has interviewed some of the most influential figures of the IMF, G-20 Summit, Pre-G20 Central Bank Governors and Finance Ministers, Critical Communication World Conference. The multiple award winner is variously trained in business and markets journalism at Lagos Business School, and Pan-Atlantic University. You may contact him via email - [email protected]

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Inferno razes down SUBEB office in Ondo State

The SUBEB annex office in Akure, Ondo State has been razed down by a mysterious fire.

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Inferno raze down SUBEB office in Ondo state

The Ondo State Universal Basic Education Board (SUBEB) annex office in Oke Eda, Akure has been allegedly razed down by fire. The inferno affected the marketing office of the state government-owned television station, which also housed the building.

The cause of the inferno still remains unknown, as investigations are underway.

What you should know

Recently there have been reported cases of arson, lootings, and killings perpetrated by hoodlums. It is yet to be known if this incident is related to the hijacked #EndSARS protests.

(READ MORE: BRT owners, Primero says they lost N100 million to #ENDSARS violence)

What they are saying

Confirming the incident, an anonymous staff opined that the fire incident might have happened overnight. She also said that all buildings and files in the offices were affected by the fire.

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“All the buildings, because it was made of wood, are gone. It was completely burnt.

“We can’t lay our hands on anything. Everything in the office is gone,” she said.

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Business

Ebute Metta Railway station will be completed by December – Presidency

President Buhari’s aide has disclosed that Ebute Metta Railway Station is expected to be completed in the next two months.

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Ebute Metta Railway Station is 99% ready- Presidency

The Ebute Metta Railway Station, one of the stations on the Lagos-Ibadan railway route is expected to be completed by December 2020.

This is according to the Personal Assistant on New Media to the President of the Federal Republic of Nigeria, Bashir Ahmad, who disclosed this on Monday, through his verified Twitter handle.

Mr. Ahmad further revealed that the station and other stations on the route are expected to be completed by December.

“The Ebute Metta Railway station, one of the stations on the Lagos-Ibadan Railway route is nearly completed, the station and other stations on the route are expected to be completed by December,” he tweeted.

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What you should know

Nairametrics had earlier revealed that the $1.6 billion Lagos-Ibadan railway project will be completed on or before January 2021. This is according to a forecast by the honorable Minister of Transportation, Rotimi Amaechi.

(READ MORE:FG to complete Marine beach bridge repairs ahead of due date)

Why it matters

The near completion status of the Ebute Metta railway station is a big boost to achieving the completion of the Lagos-Ibadan railway project. The railway project will help in decongesting our roads and enable the roads to last longer.

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This is a big boost to the government’s drive to build strategic infrastructures that will drive economic growth and development.

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Business

7 stowaways, including Nigerians, arrested after suspected hijacking off Isle of Wight

Seven suspects were detained after a hijacking involving stowaways on a tanker off the Isle of Wight.

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7 stowaways, including Nigerians, arrested after suspected hijacking off Isle of Wight, ABCON shakes the table, Nigeria imported, Petrol import drops as importation of cooking gas increases by 21% 

7 stowaways, including Nigerians on board a Liberian registered oil tanker heading for England have been detained, after a suspected hijacking off the coast of Isle of Wight.

This was announced by the UK’s Ministry of Defence and several British News Media on Sunday evening.

READ: #EndSARS: UK ready to support genuine reform of police in Nigeria – British High Commissioner 

The Ministry of Defence said: “In response to a police request, the Defence Secretary and Home Secretary authorised Armed Forces personnel to board a ship in the English Channel to safeguard life and secure a ship that was subject to suspected hijacking.

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READ: #EndSARS: Coca-Cola donates N20 million to cover medical bills of victims

“Armed forces have gained control of the ship and seven individuals have been detained. Police investigations will now continue. Initial reports confirm the crew are safe and well.”

According to BBC, the ship, Nave Andromeda, was on its way to the Fawley oil refinery in Southampton from Lagos, Nigeria and left Nigeria on the 5th of October.

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READ: Bank CEOs ‘explain’ why they resigned from NESG

“According to a source close to the shipping company, the crew were aware of stowaways on board, but the stowaways became violent towards the crew while it was off the Isle of Wight.

“The crew retreated to the ship’s citadel, a secure area in which they can lock themselves, making it impossible for attackers to get in.

READ: #EndSARS: FG creates new N25 billion Youth Fund, to increase to N75 billion in 3 years

“This is standard procedure during a terrorist or pirate attack, but there is no suggestion the crew were doing more than protecting themselves from the stowaways. The crew contacted the coastguard, which then alerted police.

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“The men, from Nigeria and Liberia, waved metal poles and threw faeces and urine after being found hiding on the Grande Tema,” BBC said.

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The British Chairman of the Commons Defence Committee, Tobias Ellwood, said the stowaways taking over the ship, or forcing the ship not to be in command could have triggered a ” multi-agency alarm” which caused protocols to be put into action.

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