Tag: Featured

PENGASSAN tackles FG over urgent refinery repairs

admin

Oil workers under the auspices of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have once again called on the Federal Government to hurry up on the repairs of the nation’s refineries.   Making the call in Abuja, the President of the association, Comrade Francis Olabode Johnson, also warned against the planned sale of the refienries under any guise.   Johnson, while speaking at the 5th NNPC Group Executive Council (GEC) Triennial Delegates Conference,  according to a statement, said: “We strongly appeal to the Federal Government to hasten…

Read More

ANAN praised for sustaining professionalism

admin

  The Association of National Accountants of Nigeria (ANAN) has been lauded for sustaining professionalism in service delivery over the years.   Deputy Governor of Lagos State, Idiat Adebule, made this commendation at the opening of the 6th Session of ANAN 2018 Mandatory Continuing Professional Development (MCPD) Programme in Lagos.   Represented by the Permanent Secretary, Office of the Deputy Governor, Yetunde Odeajayi,  Adebule identified with the association for helping to instill consciousness of probity and accountability in the minds of workers in both the public and private sectors.  …

Read More

Group tasks FG on increased funding for agriculture

admin

The National Association of Nigerian Traders (NANT) has called on the Federal Government to increase funding and monitoring mechanisms of agricultural policies to create the much-needed impact on the populace.   President of the association, Mr Ken Ukaoha, said this at the joint sector review of Comprehensive Africa Agriculture Development Programme (CAADP) and National Agricultural Investment Plan (NAIP) stakeholders’ advocacy meeting in Abuja.   Commending the current government for putting up strategies to address the issues of agriculture in the country, he said CAADP was aimed at facilitating increased agricultural…

Read More

IDPs: Four policemen on trial over sex-for-food scandal

admin

…as PCVSF expends N10bn on victims’ resettlement   Four policemen indicted for demanding sex before allowing internally displaced persons (IDPs) to have access to food in their camps have been dismissed and currently being tried for the offence.   Disclosing this in Lagos, the Vice Chairman, Presidential Committee on Victims Support Fund (PCVSF), Tijjani Musa Tumsah, who led a team to the newspaper house, said stability was gradually returning to the various camps just as most of the displaced persons have been resettled in their communities.   Although he could…

Read More

Hunsu: Labour should be more proactive in engaging government

admin

A former President of National Union of Textile and Garment Workers of Nigeria (NUTGWN), Oladele Hunsu, in this interview with SUNDAY OJEME, speaks on the brewing controversy between organised labour and Federal Government on a new minimum wage and sundry issues Labour has threatened to go on strike again over breakdown in minimum wage negotiation. Do you think the action is necessary? In the contest of the issue at hand, I want to say the strike is necessary, because you recall there is what we call a breakdown in negotiation…

Read More

Real estate: Developers eye opportunities in mid-tier market

admin

While other real estate developers are closing shops due to the nation’s unimpressive business climate, others have put on their thinking caps, eyeing opportunities in untapped segment of the market.  Dayo Ayeyemi reports   Despite the downturn in the real estate sector, many developers and investors have been creating a niche market for themselves to ensure that they keep their heads above water, not minding huge vacant properties in the market. To them, empty properties adorning Ikoyi and Lekki,  Lagos and Maitama and other highbrow districts in Abuja are built…

Read More

PIGB: Stakeholders demand urgent presidential assent

Doris Anyanwu

Concerned stakeholders as well as legal professionals have again reminded the country’s leadership of the urgency in endorsing the Petroleum Industry Governance Bill (PIGB), a document, which delay has resulted in the country losing over N3 trillion annually in oil and gas sector.   Re-echoing the urgency last week during a Nigeria Bar Association Roundtable on Nigeria’s Petroleum Industry Reforms, the discussants including lawyers and oil and gas experts, said assenting to the bill would an create efficient and effective governing institutions with clear and separate roles for the petroleum…

Read More

Minimum Wage: More headaches for governors

admin

Just a few weeks after the last nationwide strike, signs of more public disorder are currently hovering as federal and state governments apply tactical delay to forestall the implementation of new minimum wage anytime soon. NFG reports reports   In the last two weeks, developments around clamour for a new minimum wage appear to have finally put paid to an early implementation.   Just while organised labour was still trying to fathom Federal Government’s stance on the report it received from the Tripartite Committee on New Minimum Wage, the governors…

Read More

NSITF: PenCom effects N43.81bn transfer into workers’ RSAs

admin

Following its prudent supervision of activities at the Nigeria Social Insurance Trust Fund (NSITF), the National Pension Commission (PenCom) perfected the transfer of N43.81 billion from the fund to workers’ Retirement Savings Accounts (RSAs) during the third quarter of the current year.   According to a report obtained by New Telegraph, the amount covers 635 NSITF members’ applications received during the quarter under review.   The report noted that all applications were processed and computed amounts were transferred to the RSAs of the NSITF members.   “From inception to date,…

Read More

CPS: Retirees’ account active fund records net growth of N181.43bn

admin

The Net Assets Value (NAV) of the Retirement Savings Account ‘Active’ Fund under the Contributory Pension Scheme (CPS) has recorded a net growth of N181.43 billion (3.39 per cent).   Findings by New Telegraph revealed that the figures under the scheme’s portfolio performance moved from N5.35 trillion as at March 31, 2018 to N5.53 trillion as at June 30, 2018.   In the same vein, the RSA ‘Active’ fund recorded a Weighted Average Rate of Return (WARR) of 8.17 per cent (annualised) as at second quarter 2018, representing a significant…

Read More