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NLC, SERAP, CSOs clash over Dangote’s refinery

dangote

The Nigeria Labour Congress again on Friday berated the Federal Government over the fuel scarcity in the country, saying government’s energy policy was defective. Also on Friday, the NLC and civil society organisations were divided over Dangote Refinery, which will begin operations at the end of 2018. The NLC, which spoke through its Secretary-General, Dr. Peter Ozo-Eson, warned the Federal ...

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WhatsApp set to stop working on some smartphones from 1st of January.

Whatsapp

WhatsApp is about to stop working on a range of old smartphones, meaning owners will have to buy newer gadgets if they want to continue using the chat app to the best of its capabilities. On New Year’s Day, WhatsApp will ‘remove support’ for a number of devices – which updated versions of the software can no longer be installed ...

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British Airways gives out yuletide offer on fares for Business Class passengers

Aircraft landing on runway

The British Airways (BA) says it has introduced slashed its airfares for its Business Class customers and the general public who are willing to travel during the first half of 2018 in the spirit of the Yuletide. British Airways It said the slashed fares would start from $2140 as against the current over $4000, including taxes, fees and charges for ...

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Fuel can no longer be sold at N145/litre — Marketers

Oil

Against the latest round of fuel scarcity rocking many parts of the country, private oil marketers are calling for government intervention to enable them to access foreign exchange at a special rate for the importation of Premium Motor Spirit (petrol). According to them, selling the product at N145 per litre is no longer feasible with the current exchange rate. Private ...

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Airports ready for Yuletide passenger surge – FAAN

MTN

The Federal Airports Authority of Nigeria has said the country’s network of airports has been fully prepared for the usual surge in passenger traffic during the Yuletide season. The General Manager, Corporate Affairs, FAAN, Mrs. Henrietta Yakubu, said on Monday that security had been increased at all the airports, especially the major international gateways in Lagos, Abuja, Port Harcourt and ...

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ACTN, analysts attack CBN’s naira intervention

CBN Ag Governor Sarah Alade_510x350 (1)

Members of the Association of Corporate Treasurers of Nigeria and financial market analysts have urged the Central Bank of Nigeria to allow the forces of market to dictate and stabilise the naira. They also called on the apex bank to cease its intervention in the forex market.  The stakeholders said this at the ACTN Breakfast Meeting themed, ‘2017 Economic Review ...

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PENGASSAN insists on nationwide strike Monday

oil2

The Petroleum and Natural Gas Senior Staff Association of Nigeria on Saturday insisted that its planned industrial action will commence on Monday. The group however, noted that it was ready to discuss with the government and other concerned organisations on the strike.  According to PENGASSAN, nothing has changed since it issued a statement to announce that its meeting with the ...

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How blockchain is transforming health care, medical records

blockchain

  Blockchain technology has been at the centre of media attention due largely to bitcoin, an upcoming digital currency that uses blockchain technology, increasing in value, netting investors unheard of returns. However, not many people actually understand what blockchain itself is, www.dataconomy.com says. Simply put, a blockchain is a distributed, immutable ledger or database that stores records known as blocks. Blocks can ...

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Disney to buy parts of 21st Century Fox for $52.4bn

disney

Walt Disney Co. said Thursday it had reached a deal to buy 21st Century Fox for $52.4bn (44.3 billion euros) in stock after the spinoff of the firm’s television stations and Fox News channel. “Building on Disney’s commitment to deliver the highest quality branded entertainment, the acquisition of these complementary assets would allow Disney to create more appealing content, build ...

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EU pledges €25m for the expansion of Nigeria’s power transmission

Chinedu-Nebo-Minister-of-Power

The European Union has pledged to support the expansion of Nigeria’s power transmission infrastructure with a grant of €25m (N7.6bn at the official exchange rate of N305 to one Euro). According to the Transmission Company of Nigeria, the grant will support the TCN on solar Independent Power Projects’ evacuation.  The Interim Managing Director, TCN, Usman Mohammed, who disclosed this to ...

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GE, Mainstream sign N8.3bn Kainji power plant rehabilitation contract

hydro power plants

Mainstream Energy Solutions Limited has injected a fresh $26m (N8.3bn) investment into the Kainji Hydro Power Plant to rehabilitate its Hydro Turbine Generator unit. The agreement for the rehabilitation project was signed with General Electric in Abuja. With the rehabilitation expected to be completed in 24 months, the fresh investment will add 80 megawatts, thus raising Mainstream’s power generation capacity ...

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Airtel launches 4th edition of CSR initiative

airtel

Airtel Nigeria has announced the commencement of the fourth edition of its award-winning corporate social responsibility initiative called Airtel Touching Lives. The Managing Director and Chief Executive Officer, Airtel Nigeria, Mr. Segun Ogunsanya, said the initiative aimed to promote the culture of giving among Nigerians, while speaking at a press conference in Lagos to announce the commencement of season four ...

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Addax to invest $5bn in Nigeria

oil2

Addax Petroleum Development (Nigeria) Limited has said it is planning a fresh investment of $3bn to $5bn in Nigeria over the coming years. The company, in a statement on Sunday, affirmed its commitment to Nigeria, saying its future in Nigeria remained very bright. It said it would optimise its oil and gas operations in the country and increase production from ...

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FG signs Bilateral Air Service Agreement with UAE

Aircraft landing on runway

The Federal Government has signed a Bilateral Air Service Agreement with the United Arab Emirates’ government. It also announced that an indigenous carrier had been cleared and had commenced operations from Nigeria to Dubai, a development which industry experts attributed to the latest agreement. The agreement between Nigeria and UAE was signed in Colombo, Sri Lanka, with the Minister of ...

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LSETF seeks applications for employability support project

L-R Hon. Alderman Roger Gifford, Lord Mayor of the City of London, Gov. Babatunde Fashola of Lagos state and Mr. Peter Carter, Deputy British High Commissioner in Lagos, During the Lord Mayor of the City of London visit Governor of Lagos state in Ikeja. Photo: Bunmi Azeez

The Lagos State Employment Trust Fund, in partnership with the United Nations Development Programme, has announced the call for applications into the Lagos State Employability Support Project. The LSESP provides short vocational training programmes, implemented by the LSETF, to provide youths in the state with industry relevant skills that can help them gain possible employment and advance in life. “Applications ...

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IATA projects global aviation profit to hit $38.4bn

Aircraft landing on runway

The International Air Transport Association says the global industry net profit will rise to $38.4bn in 2018. IATA in a statement on Tuesday said this would be an improvement from the $34.5bn expected net profit in 2017, which was revised from a $31.4bn forecast in June. According to the association, which represents about 275 airlines globally, strong demand, efficiency and ...

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YouTube to hire over 10,000 workers

youtube

YouTube CEO Susan Wojcicki said “some bad actors are exploiting” the Google-owned service to “mislead, manipulate, harass or even harm.” Google will have more than 10,000 workers address the problem by next year, though her blog post Monday doesn’t say how many the company already has. Spokeswoman Michelle Slavich said Tuesday that some have already been hired, and the team ...

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Trump nominees missing advanced science degrees

Donald Trump

When it comes to filling jobs dealing with complex science, environment and health issues, the Trump administration is nominating people with fewer science academic credentials than their Obama predecessors. And it’s moving slower as well, apnews.com reported on Tuesday. Of 43 Trump administration nominees in science-related positions — including two for Health and Human Services secretary — almost 60 per ...

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