Air Peace tops chart of delayed, cancelled flights in H1

0

Air Peace Airlines topped the chart of delayed and cancelled flights in the first half of 2017 with 3,966 delayed flights and 24 cancelled flights respectively, even as it operated 6,715 flights, according to the Nigerian Civil Aviation Authority (NCAA) on Friday, Marketing Edge Nigeria reports.

In a report released by the Consumer Protection Department of the NCAA, domestic airlines operating in the country recorded about 13,411 delayed flights in the first six months of the year.

The report states that during the period, about 21,662 flights were operated by eight domestic airlines in the country.

According to the report, 516 flights were also cancelled for various reasons by the airlines.

It listed the airlines in operation as Aero Contractors, Arik Air, Air Peace, Azman Air, Dana Air, First Nation, Med-View and Overland Airways.

The report says that apart from Air Peace Airline which has the highest delayed and cancelled flights, Arik Air followed with 2,370 delayed flights and 381 cancellations out of its 4,069 flight operations.

Dana Air operated 3,261 flights with 2,133 cases of delayed flights and eight cancelled flights while Med-View recorded 1,558 and 51 delayed and cancelled flights respectively out of its 2,245 flights.

Also, Azman Air operated 2,089 flights with 1,388 delayed and 22 cancellations, Overland 1013 flights with 665 delayed and seven cancellations and FirstNation 579 flights with 163 delayed and only three cancellations.

The reports further shows that the airlines attributed the delays to operational reasons, high cost of aviation fuel as well as inadequate navigational aids at some airports across the country, which militates against flying in adverse or hazy weather conditions.

 

http://www.marketingedge.com.ng/2017/10/14/air-peace-tops-chart-of-delayed-cancelled-flights-in-h1/

TSTV: Diary of a brand’s poor roll-out

0

When the news first hit the airwaves that TSTV Africa, a wholly-owned Nigerian pay-TV operator will roll out operations on Sunday, October 1, 2017, to coincide with Nigeria’s 57th Independence Day celebration, Nigerians exploded into near ecstasy that a ‘saviour’ has finally arrived to ‘liberate’ Pay-TV subscribers.

With the launch proper in Abuja on the fateful day, which was shown on major television networks, and at which the Minister of Information, Alhaji Lai Mohammed, announced that the Federal Government had granted the company a three-year tax holiday, TSTV seemed to have ‘landed’ in a blaze of glory.

The Managing Director & CEO of TSTV Africa, Bright Echefu dazzled the audience, promising, “refined offerings of novel Pay As You View Subscription, Pause Subscription, Complimentary Internet service, video call and an array of amazing TV channels with premium entertainment, informative and educative programmes that cut across all genres”.

TSTV, Echefu said, offers over 70 rich blend of local and international channels and packages for entertainment, including news, sports, kids, and health. Some of the channels, as he disclosed,  include Star Sports, Fox Sports, Euro Sports News, Euro Sports 2, bein Sports MAX 4HD, bein Sports 3HD, bein Sports Global, bein Sports MAX (bein Sports 1-10), TS Sports 4 HD, TS Sports 2, TS Sports 3‎ and Yolo Sports HD.

Others are Trace Urban/Africa, HITS TV, MTV Base, TLC (HD), BBC America, CNBC, Aljazeera,Riwa Ndu TV, TS Hausa, TS Igbo, TS Yoruba, TS Sports 1 HD, BBC Radio 2, TVC News, Sky News, Arewa24, and Nollywood TV.

‎Running on 4.5G network, every subscriber will also get 20G of data for N3, 000 monthly. The data can also be used for video calls conferences with camera and WiFi, even as the TStv decoder has 50GB hard disk to record TV programmes and a pause/play function.

Thus, expectations of Nigerians were high, especially as people don’t need much convincing to be excited at the arrival of a ‘cheap, affordable or flexible’ satellite TV. Viewers, especially at this post-recession season, could do with a much cheaper subscription.

However, no sooner had the brand launched when controversies began to dug its heels. TSTV was accused of content theft by Turner Broadcasting System, which warned TSTV not to broadcast CNN International that is on MultiChoice DSTV. Also, beIN sent TSTV a cease-and-desist letter; that none of the advertised beIN channels are allowed on TStv. TSTV said the letters were fake.

To make matters worse and like a badly intentioned prank, one whole week after TSTV’s launch, nobody could lay a hand on the pay TV’s decoder. The situation has made potential TSTV customers furious. The few dealers were forced to return customers’ subscriptions.

Were Nigerians, due to their long suffering in the hands of a monopoly, wrong to have failed to ask the tough questions, in their rush to embrace TSTV? Does it mean only dummies of TSTV decoders were displayed at the “symbolic” unveiling on October 1? Can the new Nigerian pay-tv operator, TSTV, be trusted over its brand promises? Can it provide the required high-quality content that Nigerians already get from DSTV?  Is TSTV’s target of 1 million decoders in homes in the first quarter not unrealistic?

To worsen matters, TSTV hasn’t been responding to media enquiries to douse the flames of the many rumours and speculations making the rounds, one of which was that those online adverts for TSTV jobs were fake. Also, newsmen don’t seem to know its media or public relations managers.

In preference to addressing press conferences, it’s Managing Director, Echefu said last Saturday, one week after its launch, that TSTV Africa will now begin commercial operations onNovember 1, 2017, insisting that TSTV would launch its services with about one million decoders nationwide.

He promised that 5,000 decoders of TSTV would be released to the public next week (meaning this week) for free, adding that it would use the first set of decoders with one month free subscription to test-run its services. Said he, “TSTV begins operation on November 1. Commercialization of our decoders will resume officially on Nov. 1 and by that time, every part of Nigeria would have TSTV decoders for people to buy”.

With this announcement by Echefu, operators and players in the integrated marketing communications sector said this was what TSTV ought to have done in the first place.

A brand strategist, Annie Udoh said that TSTV had put the cart before the horse by launching, even when it had no infrastructure on the ground to satisfy millions of potential customers.

Echefu explained that the delay in releasing the decoders to the public was to ensure that dealers were properly scrutinized so that the decoders do not fall into wrong hands. He explained that the decoder would be sold to Nigerians at a subsidized rate.

According to him, the landing cost of the decoder is N28, 000. “We don’t want a situation where someone would pick our decoders and dump them somewhere. “That is why we are very careful because of competition.

“We have received well over 6,000 applications and it has been overwhelming processing these people; but so far, we have been able to accredit more than 748 dealers.

“That is why we have not commercialized our services even though we are the ones losing because we have enough decoders to cover the whole of Nigeria.

“But it will be unfair with all the money put in for us to give decoders out and those decoders don’t get to the end users,” Echefu added.

The TSTV boss disclosed that the organisation currently has 250 staff on direct employment, while it expects about 10000 to be engaged indirectly at take off and that the firm has improved on its transmission facilities to overcome weather challenges.

On the alleged copyright infringement by two international content providers, Turner Broadcasting System and beIN sports, Echefu said the company entered into partnership agreement with every concerned organisation.  According to him, TSTV will air CNN and beIN sport channels.

Whether Nigerians are convinced by Echefu’s promises remain to be seen for now as it doesn’t take long for Nigerians to become skeptical over any new brand, this time, the new pay-TV bride.

With HiTv’s case still fresh in their memory, Udoh said TSTV’s gaffe is reminding Nigerians of the saying: “we’ve been down that road before.” For TSTV, the hard work is just beginning.

CULLED FROM: http://www.marketingedge.com.ng/2017/10/12/tstv-diary-of-a-brands-poor-roll-out/

Uber lodges appeal to overturn London ban

Uber is appealing against Transport for London’s decision to deny it a new private hire licence for operating in the capital.

The ride hailing service filed papers with Westminster magistrates court on Friday to start the process – hours before the deadline.

It has pledged to “make things right” since TfL’s refusal last month to renew Uber’s licence on the grounds of “public safety and security implications”.

The firm’s approach to reporting serious criminal offences and background checks on drivers were cited among the concerns.

An Uber spokesman said: “While we have today filed our appeal so that Londoners can continue using our app, we hope to continue having constructive discussions with Transport for London.

“As our new CEO has said, we are determined to make things right.”

Sadiq Khan explains why TfL will not renew Uber's licence
Video:Khan: ‘Uber not playing by the rules’

Talks in the capital earlier this month between the company’s new chief executive Dara Khosrowshahi and transport commissioner Mike Brown were described by both sides as “constructive”.

Uber, which was licensed as a private hire company in London in 2012, has about 40,000 drivers in London and is used by 3.5 million people.

It had until 13 October to appeal the decision and can continue to operate until the end of any appeal process.

The company, which has been valued at almost $70bn, has been in turmoil in recent months over the conduct and subsequent exit of its founder, Travis Kalanick.

Its expansion has been blighted by regulatory and legal complications worldwide, including wrangles over the employment rights of its drivers in the UK.

The firm claims it is an agent for drivers – not an employer – and therefore does not need to offer benefits.

London Mayor Sadiq Khan has accused Uber of not “playing by the rules”.

The company has accepted “that in lots of places it has had the wrong attitude and needs to change”.

 

 

CULLED FROM: SKYNEWS

TESLA SACKS HUNDREDS OF EMPLOYEES

Tesla has recently fired hundreds of workers including engineers, managers and factory workers, even as the company struggles to expand its manufacturing and product line. This comes as part of a company-wide annual review, Tesla fired around 400 employees — including supervisors, team leaders, and common associates — according to a former employee who spoke with Reuters in an interview after Mercury News broke the story.

The dismissals come at a crucial point for the company, which is pushing to increase vehicle production five-fold and reach a broader market with its new Model 3 sedan. The electric vehicle maker missed targets for producing the lower-cost sedan, manufacturing only 260 last quarter despite a wait list of more than 450,000 customers.

 

However, former and current employees who discussed with news organisation said little or no warning preceded the dismissals. The workers interviewed include trained engineers working on vehicle design and production, a supervisor and factory employees.

Workers estimated between 400 and 700 employees have been fired. Tesla refused to say how many employees were let go, although the company expects employee turnover to be similar to last year’s attrition.

The spokesman said most of the dismissals were administrative and sales positions, and outside of manufacturing. Tesla employs about 10,000 workers at its Fremont factory.

Workers spoke on the condition of anonymity because they feared reprisals from the company. Employees said the firings have lowered morale through many departments. Several said Model X, Model S and former SolarCity operations seemed to be targeted.

CEO Elon Musk said factory output will increase production to a half-million electric vehicles in 2018. The company expects to deliver about 100,000 vehicles this year.

Musk has told investors the company is focused on Model 3 production and expects to eventually build 10,000 cars a week. The manufacturing will become highly automated, but Musk told investors during the early ramp up he expected high overtime costs.

What The Bible Says About the Four Ps of Marketing

Like many other people, I watched most of the issues of The Bible, on the History Channel, during the weeks leading up to Easter. Like a lot of other video presentations of written materials, I must say that while I enjoyed the movie, I like the book better. I thought the video series was well done and was pleased that it got such a popular viewing, So, when I was asked to write a blog about a marketing topic, it got me thinking about Jesus’ ministry and what we can learn about marketing from the Bible.

It’s not so much what the Bible “says” about marketing, as it is how it uses marketing principles. For example, let’s look at the four Ps of marketing.

Back when I was studying marketing for my MBA degree, the four Ps were:

Positioning – how the product was to be presented to the market – as a high end product, a commodity item, or somewhere in between.

Packaging – which could be anything from blister packs and color choices for some items to showroom lighting and high gloss wax jobs for luxury vehicles.

Pricing – is pretty self explanatory, and it has to be in keeping with and support the positioning choice.

Promotions – referring to any special deals to end users or distribution channels that would promote the movement of the product through the supply chain either from the “pull” side or on the “push” side of it.

Now, the four Ps are Product, Placement, Pricing and Promotion. While very similar, they do present a couple differences in focus.

To see what the Bible shows us about marketing let’s look Jesus’ ministry. These four Ps were:

  • Preparation
  • Proclamation
  • Presentation
  • Promise

The Preparation was the 40 days that Jesus spent in the wilderness where he and his message was tried and tested before starting his ministry.

The Proclamation was done by John the Baptist who was “A voice crying in the wilderness, Prepare the way of the Lord”.

The Presentation was the three years of Jesus’ teaching, preaching, miracles and healing. He challenged people to follow him, to forgive each other, to actively suffer for the sake of righteousness.

The Promise is that if we do this and accept that he suffered and died for us, our lives on this earth will be more joyful and we will have eternal life.

So, what does this mean for modern day marketing of your product or service?

  • First, you need to take time to prepare and test the product and the message. It has to meet a need and have impact.

  • Second, you need to proclaim the message, to make it available for people to find it. John the Baptist did not go into the cities to preach, instead the people went out to the wilderness to seek him out. He may have been one of the first to use inbound marketing.

  • Third, you need to present your product and carefully thought out and tested message with a concise call-to-action.

  • Then, fourth, you must deliver on the promise.

After all is said and done? Rinse and repeat.

 

 

Written by:  Rich Beery 

Struggling South African Airways has till the end of October 2017 to settle USD 374 million debt

0

Debt-ridden South African Airways has until the end of October 2017 to pay off a major debt obligation that might lead to its shut down should the company default. The debt repayment of 5 billion rand ($374 million) owed to domestic lenders has been pushed to the end of October from the end of September, 

The debt had originally been due to be paid at the end of September. South African Airways (SAA) was last month provided with emergency state funds from the Treasury to repay 3 billion rand in loans from Citibank amid concerns the airline would default on its payments.

“SAA must begin to function as a commercial entity and it’s starting to make those hard decisions right now.”,  Finance Minister Malusi Gigaba said in a report to Parliament on Friday.

At the same time, SAA won’t have to repay any of the R10 billion it will receive in guarantees and cash from government coffers this year.

The IMF forecasts South Africa’s economy will grow by 0.7 percent this year versus 0.3 percent in 2016. ($1 = 13.3800 rand).

 

FSDH Monthly Strategic Report: Inflation rate to drop marginally to 15.96% in Sept. 2017 from 16.01% in Aug. 2017

Executive Summary
Domestic Scene:

  • The current positive macroeconomic developments in the country have reduced the risk inherent in the Nigerian economy. Consequently, the yields on fixed income securities are dropping.
  • The recent efforts of the DMO to restructure the country’s debts is also contributing to the declining yields.
  • The declining yields should prompt the realignment of investors’ portfolios in favour of equity market in search of higher returns.
  • Investors with foreign exchange may also take advantage of the opportunities in some Euro Bonds in the market.
  • A review of the latest Purchasing Managers’ Index (PMI) report that the Central Bank of Nigeria (CBN) published for the month of September 2017 shows that economic activities in the manufacturing and non-manufacturing sector continue to strengthen.
  • The Composite Non-Manufacturing Index (CNMI) expanded to 55.3 points in September 2017, from 53.6 points in August 2017
  • The total capital imported into the Nigerian economy increased to US$1.79bn in Q2, 2017 from US$908mn in Q1, 2017 and US$1.04bn in Q2, 2016
  • We expect the inflation rate in Nigeria to drop marginally to 15.96% in September 2017 from 16.01% in August 2017
  • The external reserves is at the highest level since February 2015
  • The stability in the value of the Naira should attract additional foreign capital, which will increase the external reserves
  • We expect the positive Gross Domestic Product (GDP) growth rate and lower inflation rate to attract more investments to the fixed income securities. Consequently, yields should drop further.
  • We expect the equity market to rally in Q4 2017 especially in December, in line with the historical trend.

International Scene:

  • The Organization of the Petroleum Exporting Countries (OPEC) released a global growth forecast of 3.5% for 2017 in its monthly report for September 2017
  • OPEC highlighted that the challenges remain for the global economic growth outlook, mainly related to global political developments and upcoming monetary policy decisions, particularly in the US and the Euro-zone.

Click here to download the entire document

Muhammadu Indimi Foundation builds N600m housing estate for IDPs

The Muhammadu Indimi Foundation, a humanitarian organisation founded by Alhaji (Dr) Muhammadu Indimi OFR, the Executive Chairman of Oriental Energy Resources Limited, has announced the construction of a N600m solar-powered village consisting of 100 units of 3-room houses for persons displaced by the Boko Haram insurgency in Borno State.

To flag off the project, more than 100 dignitaries in Borno State gathered at the Government House in Maiduguri on 12 October 2017, with His Excellency, Hon. Kashim Shettima, the Executive Governor of Borno State, as special guest of honour. Also in attendance were the Shehu of Dikwa HRH Alh. Muhammed Ibn Mustafa II Al-Amin El-Kanemi and Emir of Bama HRH Alh. Kyari Ibn Umar Al-Amin El-Kanemi. Other dignitaries included elders, the state House of Assembly members, special advisers, commissioners, service chiefs, senior special assistants and top-ranking politicians. Situated in Bama, one of the worst hit communities in the state capital, the Muhammadu Indimi Village will provide 100 houses for 100 families.

Each 3-room house has a toilet, bathroom and kitchen. The village also features 5 blocks of classrooms, a fully-equipped health centre, an open-shed market to revive lucrative trade among the inhabitants, sport facilities for the children and an incinerator. The Muhammadu Indimi Foundation recognises the transformative power that this initiative could have on the people of Borno state. Alhaji (Dr) Indimi said, “Following the trauma the people have been through, we will spare no resource to restore hope, healing, and lay a lasting foundation for growth.

It is a well-known fact that our greatest strength as a country lies in our people and our resilience in the face of numerous day-to-day challenges. Through our modest activities and initiatives, we hope to contribute to the alleviation of poverty in our communities and unlock Northern Nigeria’s potential. The Muhammadu Indimi Village Bama is one of the many steps we have taken in contributing to building better lives for our people.” Dr. Indimi also revealed that the Foundation plans to replicate the 100-unit village in Ngala local government area of Borno state, another community where thousands of families had fled their homes and lost their means of livelihood.

“None of these resettlement solutions would be possible today, without the unflinching support of His Excellency, Hon. Kashim Shettima. The Borno state government donated the land for the housing projects in Bama and Ngala. We really appreciate the tremendous support and cooperation that we have received from the government and good people of Borno State,” Indimi said. Speaking at the Flag Off Ceremony, the Borno state governor, Hon. Kashim Shettima said, “Alh. (Dr) Indimi OFR is undoubtedly an inspiring model of impeccable business integrity and unbounded humanitarian activities. He has continued to identify with our values, challenges and predicament.

His decision to embark on a multimillionaire project of 100 units of housing for the victims in Bama is a specific case in point. The fundamental reasons Alh. (Dr) Indimi is selectively choosing both towns have to do with Bama being the worst affected LGA in Borno and he cut his business teeth in Ngala. We want to thank Alh. (Dr) Indimi for his generosity of spirit and for fiercely identifying with his people. I wish to unequivocally commend this magnanimous undertaking and commitment of the Muhammadu Indimi Foundation.

We deeply appreciate the humanitarian gesture of the chairman, in the resettlement of IDPs in Borno state. Alh. (Dr) Indimi is a renowned and worthy son of Borno, indeed one of the greatest.” The Muhammadu Indimi Village, commenced in July 2017 with locally sourced manpower. A total of 157 Borno indigenes have been actively involved in the construction. The project is being managed by Cadis Construction, an indigenous construction and real estate development company delivering specialized engineering solutions and consultancy services.

The Muhammadu Indimi Village is due for completion in December. The focus of the Foundation is purposeful and proactive investments in education, food, shelter, crisis relief, rehabilitation and empowerment. Since inception, thousands of internally displaced persons (IDPs) and families have benefitted from these initiatives.

SOURCE: https://www.vanguardngr.com/2017/10/muhammadu-indimi-foundation-builds-n600m-housing-estate-idps/

FSDH Weekly Insights: Equity Market Ready for Another Rally

The recent positive developments in the Nigerian economy and the financial markets indicate that the equity market should record another rally in Q4 2017. The Nigerian equity market as measured by The Nigerian Stock Exchange All Share Index (NSE ASI) appreciated by 7.01% in Q3 2017, the strongest Q3 performance in the last four years. The stable macroeconomic environment was the major driver of the positive performance in the equity market and we expect this to continue in Q4 2017. For the nine months ended 30 September 2017, the NSE ASI appreciated by 31.87%, compared with the depreciation of 1.07% recorded in the corresponding period of 2016. FSDH Research’s analysis of the historical trend of the equity market between 2012 and 2016 shows that the equity market rallied in
December of each year.

FSDH Research’s historical analysis shows that there is a strong correlation between the movement in crude oil price and the Nigerian equity market. The consensus on the short-term outlook for crude oil (Bonny Light) price is that it will remain above US$50 per barrel. The sustained high crude oil price coupled with improved oil production has led to a sustained accretion to the external reserves, which stood at US$32.74bn as at 03 October 2017. We expect a continued boost to the external reserves in the short-to-medium term as oil price and production continue to strengthen. This is positive for the equity market. Additionally, the introduction of the Investors’ and Exporters’ Foreign Exchange (FX) Window (I&E Window) has increased the supply of foreign exchange into the Nigerian economy and led to relative stability in the FX market. The I&E Window has also attracted more foreign investments into Nigeria. FSDH Research’s analysis of the capital importation data from the Central Bank of Nigeria (CBN) between January and July 2017 shows that there was a growth in capital importation in 2017, compared with 2016. The total capital importation between January and July 2017 stood at US$3.76bn, representing a growth of 85.32% over US$2.03bn recorded in the corresponding period of 2016. Other Investments (OI) – Loans attracted the highest capital of US$1.69bn between January and July 2017, closely followed by Foreign Portfolio Investment (FPI) – Equity of US$1.15bn, and Foreign Direct Investment (FDI) – Equity of US$513.23mn.

We expect continued foreign inflow into the equity market as the FX market remains stable. This improved liquidity will boost the expected rally in the equity market. The drop in the yields on the fixed income securities should lead to portfolio realignments in favour of the equity market to take advantage of higher returns. At the last auction on 04 October 2017, the yield on the 364-Day NTB stood at 18.65%, lower than the average yield of 22.71% recorded between January and September 2017. Similarly, the yield on the 16.39% FGN January 2022 Bond stood at 15.83% as at the close of trading on 04 October 2017, lower than the average yield of 16.08% recorded between January and September 2017.

FSDH Research notes increased economic activities in most of the sectors of the Nigerian economy in September 2017. A review of the latest Purchasing Managers’ Index (PMI) report that the CBN published for the month of September 2017 shows that economic activities in the manufacturing and non-manufacturing sectors continue to strengthen. The Composite Manufacturing Index (CMI) expanded for the sixth consecutive month in 2017 to stand at 55.3 points in September 2017, from 53.6 points in August 2017. The Composite Non-Manufacturing Index (CNMI) also expanded for the fifth
consecutive month to 54.9 points in September 2017 from 54.1 points in August 2017. The report is an indication that the Q3 2017 earnings of quoted companies will be an improvement over previous quarters. Our forecasts for the Gross Domestic Product (GDP) in Q3 and Q4 2017 show that the GDP should grow in excess of 2%. We expect the equity market to respond positively to the strong Q3 2017 GDP figures that the National Bureau of Statistics (NBS) will release on 22 November 2017.

Click here to download the entire document…

Meristem Securities to Officially Launch its MeriGame Portal on October 17

Meristem Securities Limited, Nigeria’s leading Capital Market Conglomerate regulated by the Securities and Exchange Commission (SEC) has developed and launched MeriGame www.game.meritrade.com – an investment game designed to close the gap between practice and actual trading. 

Stock trading by oneself is generally perceived to be scary and doubt-ridden. MeriGame is thus designed to demystify the process while setting users up to trade real-time confidently. MeriGame platform is the exact replica of the MeriTrade platform which gives access to trade of all available stocks on the floor of the Nigerian Stock Exchange.

Image result for MeriGame

How MeriGame Works

Users get funded with virtual funds to simulate financial capacity in real life trading as well as regular tips and recommendations to guide them in making choices on stock trading.

That is not all, the platform has an ongoing championship game tagged ‘MERIGAME CHAMPIONSHIP’ The championship rewards the top 3 winners financially with One Hundred and Fifty Thousand (N150,000.00) at the end of each conclusive period. The winners of this game are the top three traders with the highest returns on the platform.

The game even gets more interesting with a referral system that allows users refer people and get more virtual funds in return to increase their purchasing power on the platform. MeriGame also has a community forum that allows users and admin relate and get further clarifications about the platform and market trends amongst other general issues even lifestyle issues.

On MeriGame, users get to practice how to buy stocks under real market conditions without burning a finger or finance while standing a chance to win financial reward.

Ultimately, they can always become a pro at self-trading and migrate into real market at MeriTrade and trade for returns for a successful financial future.

 

 

SOURCE: Proshare Nigeria