Nigeria moves to regulate its logistics sector, but new requirements threaten all players

avantegarde August 2, 2020 No Comments

Nigeria moves to regulate its logistics sector, but new requirements threaten all players

Nigeria moves to regulate its logistics sector In June, Safeboda celebrated 100,000 rides in Ibadan. It was a reminder to mobility players in Lagos of what might have been. And now new regulations may also see small logistics companies struggle.  On Saturday, July 25, hundreds of concerned Nigerians used the hashtag #SaynotoNIPOSTfees to protest new regulations imposed on logistics companies. There have been talks around the regulation of logistics companies in Lagos for months, with the Courier Regulatory Department, the regulatory part of Nigerian Postal Service (NIPOST) having shared a letter showing a new licencing regime in May. Although the regulations are from the federal government, there’s hardly any city where the effects would be felt as much as Lagos, Nigeria’s commercial capital. In Lagos, dispatch riders have been popular for years. In a congested city  struggling with bad roads and traffic, moving things around is a service that is always in […]

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Negative Oil Price and How it Affects Nigeria

avantegarde April 23, 2020 No Comments

Negative Oil Price and How it Affects Nigeria

For the first time in the history of trading US crude, West Texas Intermediate, its benchmark, is trading in negative territory. While this is not good news for oil-producing countries, here are a few questions to help you better understand the situation.

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7 Tips for Small Businesses to Survive Through the Covid-19 Pandemic

avantegarde April 23, 2020 No Comments

7 Tips for Small Businesses to Survive Through the Covid-19 Pandemic

Unfortunately, the COVID-19 pandemic has already hit small businesses hard. What’s worse is that some experts are saying this is only the beginning. Whether the pandemic ends within a month or two or stretches into the long-term, small business owners need to be ready to buckle down, reassess and make changes to their business strategy in order to weather the storm of these trying times.

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