The National Union of Air transport Employees has expressed its disagreement over a planned 50% cut in salaries by the Federal Airport Authority of Nigeria. In a letter signed by the Secretary, Comrade Ocheme Abah, the union said it was open to dialogue to resolve the issue. The Covid-19 Pandemic has hit the aviation very… Continue reading Aviation Unions Battle FAAN Over 50% Salary Cut_Ada Nkong
Category: ECONOMY
FG Impounds British Aircraft For Operating Commercial Flight _Ada Nkong
A British company owned Aircraft has been impounded by the Federal government for operating commercial flights into Nigeria without approval. Announced ing this on his Twitter handle, @hadisirika on Sunday, the Minister of Aviation, Had I Sirika explained that the company had gone beyond its bounds. According to him, the company, Flair Aviation, was granted… Continue reading FG Impounds British Aircraft For Operating Commercial Flight _Ada Nkong
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OPEC Predicts Rise in Oil Prices_Ada Nkong
The rebalancing of the oil market is underway and will accelerate, the OPEC cartel said Wednesday, days after some of its members voluntarily increased their production cuts. The world oil market was thrown into disarray earlier this year as lockdown measures imposed by governments to slow the spread of the coronavirus led to plunge in… Continue reading OPEC Predicts Rise in Oil Prices_Ada Nkong
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Petrol Pump Price Drops to N117 _Ada Nkong
The pump price of petrol , Premium Motor Spirit(PMS) per litre will further reduce to N117 from N125.50 by the weekend according to the circular from the Petroleum Products Marketing Company (PPMC).This was contained In a memo to oil marketers and other stakeholders in the petroleum marketing business, dated May 5, 2020, with the subject:… Continue reading Petrol Pump Price Drops to N117 _Ada Nkong
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Access Bank makes a subtle u-turn on planned sack?_Femi Ehiabhi
Access Bank on Monday is hinging her planned suspension of operations in some of its branches across the country, to security concerns and regulatory directives by the Central Bank of Nigeria (CBN). The bank, however, said it would begin a phased reopening of such branches. The confirmation was contained in a regulatory filing at the Nigerian Stock… Continue reading Access Bank makes a subtle u-turn on planned sack?_Femi Ehiabhi
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JAMB REFUND: Federation Account richer by N3.5 Billion_Femi Ehiabhi
The Joint Admissions and Matriculation Board(JAMB) has returned N3.5 billion to the Federation Account from the excess generated from its operations during the conduct of 2020 Unified Tertiary Matriculation Examination. The board said it had earlier returned N3.5b to the government following the sales of ePINs to UTME candidates, bringing the total remittances this year by the… Continue reading JAMB REFUND: Federation Account richer by N3.5 Billion_Femi Ehiabhi
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May Day: Minister of Aviation Promises Better Days for Aviation Workers_Ada Nkong
The Minister of Aviation, Hadi Sirika has assured Nigeria's Aviation workers of better days ahead at the end of the pandemic.The Minister in his May day message contained in a statement signed by James Odaudu ,Director Public affairs said the aviation industry was among the hardest hit in the pandemic. " Workers in the aviation… Continue reading May Day: Minister of Aviation Promises Better Days for Aviation Workers_Ada Nkong
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Access Bank MD Hints Salary Cuts, Sacks_Ada Nkong
Herbert Wigwe, chief executive officer of Access Bank, says he is willing to take a 40% pay cut as part of efforts to cut operating costs.In a video that has now gone viral on social media, Wigwe empathised with staff saying “everybody may have to make some adjustments of some sort”.“We probably don’t need as… Continue reading Access Bank MD Hints Salary Cuts, Sacks_Ada Nkong
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COVID-19: Opportunity to reform SA Economy_Femi Ehiabhi
The coronavirus crisis that has decimated South Africa’s already struggling economy presents President Cyril Ramaphosa with his best opportunity yet for reforming it, analysts say, even if he encounters resistance along the way. Before COVID-19 struck, the president seemed stuck in a quagmire of consensus-building — battling to reform an economy in recession, weighed down… Continue reading COVID-19: Opportunity to reform SA Economy_Femi Ehiabhi
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