Connect with us


BIG STORY

Fuel Price Hike: Labour Set For Showdown, Puts Unions On Strike Alert

Published

on

Organized Labour may be heading for a showdown with governors over its recommendation that the price of petrol be raised from N162/liter to N408.5/litre.

On Wednesday last week, a committee set up by the Nigeria Governors’ Forum (NGF) pushed for the immediate removal of petrol subsidy and recommended that the product be sold between N380/liter and N408.5/litre.

But, arising from its National Executive Council (NEC) meeting yesterday, the leadership of the Nigeria Labour Congress (NLC) warned that any attempt by the government to increase the pump price of petroleum products would be met with stiff resistance.

The NEC meeting, which held virtually as most Labour leaders are at their various zones to attend the public hearing on the proposed constitutional amendment, also deliberated on the crisis in Kaduna and the ongoing constitutional review.

Although the Federal Government has said the governors lacked the powers to fix the price of petrol, congress insisted that it would not accept any price increase.

A labour leader, who was at yesterday’s meeting, told our reporter that Nigerians will resume its suspended strike of last year without notice.

The unionist said all the affiliate unions of the NLC have been put on notice if the government does otherwise.

According to him, Labour rejected the recommendation that petrol be raised to N212/liter on Easter by the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari.

He said: “We are not in support of petrol increase. All these governors, don’t mean well for Nigeria. They have over 100 aides. They are stealing money every day; it is only the common masses they want to continue to inflict pain on. It is not fair.

“We will reject it totally. We will not accept any increase. We don’t need any further ultimatum to respond, to re-activate, and resume our suspended action. We don’t need to give anybody an ultimatum again. If they go into that area, we will just resume our suspended action.

“We have issued directives that all our affiliate unions should start mobilizing. As soon as they increase the price of petrol, we will down tools, withdraw all economic activities.

“We don’t need to negotiate with the government or write them that we are coming to meet them because the last time we met before Easter, the GMD of the NNPC came that fuel will be N212 or N208 per liter because the landing cost was N198 and we told him to go back to the drawing board; to do as others are doing.

“We told him to go and repair our refineries. That was what brought our meeting to a deadlock. Remember that after two months, they announced plans to repair the Port Harcourt refinery for $1.8 billion.

Speaking on the face-off with the Kaduna State government, the labour leader said organized labour will not back down on its request that the workers penciled for sack be paid their entitlements.

He said: “On Kaduna, you know how we have ended. There is a committee that is supposed to report back to the Federal Ministry of Labour and Employment between today and tomorrow.

“The meeting started today (yesterday) because the Head of Service said they normally have their meetings on Wednesday. But they have commenced their meeting. Whatever is the outcome, they will report back to the Ministry of Labour and Employment and we are not going back.

“If Governor Nasir El-Rufai wants to downsize or rightsize because they don’t have resources, he should prepare the cheques of various staff he wants to lay off. He must follow due process. So, we are on it; we’re not relenting.”

“If we don’t allow it to remain on the Exclusive Legislative List, one governor can wake up and tell Labour, ‘I don’t have money to pay minimum wage, I will pay N5,000. But, when it is on the exclusive list, there is a benchmark; you can’t come below, but you can go above.”

Another union leader expressed the congress, opposition to the proposed plan to reclassify the national minimum wage.

He said Congress insisted that minimum wage, pension, and industrial relations remain in the Exclusive Legislative List to protect the interest of workers.

According to him, Labour’s position would be made known at the public hearing on the proposed constitution review.

The source said: “All our officers have been dispatched to present Labour’s position on the ongoing constitution review. We are not shaking on the issue of minimum wage, pension, and industrial relations remaining in the Exclusive Legislative List.

“We are not shaking on it because it has a world standard. When a country domesticates an international convention, it is bound by it. It is not a local law that could be subjected to dropping it for the whims and caprices of legislators. That one we are clear about it.

“We equally have our doubts about the issue of state police because what El-Rufai used against us is state police. Those are the people they want to recruit – their thugs and then, they will now use them against their perceived opponents.

“They were talking about no salary, but when they recruit state police, are they not going to pay them? The issue of state police must be looked at carefully.”

BIG STORY

Governor Abdulrazaq Commits To Hosting 2025 BON Awards, Makes History As First To Host Consecutive Editions [PHOTOS]

Published

on

Governor Abdulrahman Abdulrazaq has announced his agreement to host the 2025 edition of the Best of Nollywood (BON) Awards in Ilorin, making him the first Governor in the event’s history to host it for two consecutive years. The Governor expressed his admiration for the 16th BON Awards, praising the event’s vibrant atmosphere and the engaging after-party that showcased the rich cultural and creative potential of Kwara State.

Held at the state-of-the-art Sugar Factory Film Studio in Ilorin, the BON Awards brought together top talents and stakeholders from Nigeria’s movie industry. Governor Abdulrazaq, who personally presented the Lifetime Achievement Award to Nollywood icon Kanayo O. Kanayo, commended the organizers for their professionalism and the remarkable success of the event.

“The BON Awards have shown the immense possibilities of Ilorin as a center for creativity and entertainment. I was thrilled by the energy, talent, and warmth that defined this year’s edition. The after-party further reinforced our vision of Kwara as a hub for the creative economy, tourism, and hospitality,” the Governor said.

Governor Abdulrazaq emphasized his desire for Ilorin to become the permanent venue for the BON Awards, citing the city’s unique blend of modern infrastructure, serene environment, and rich cultural heritage.

“I would be honored to host next year’s edition of the BON Awards and beyond. Ilorin is ready to offer unmatched facilities and an enabling atmosphere to support events of this magnitude. With landmark projects like the Sugar Factory Film Studio, Visual Arts Centre, and remodeled Kwara Hotel, we are poised to set a new standard for hosting creative events,” he added.

The Governor extended his appreciation to the Nollywood stars and stakeholders for their significant contributions to the Nigerian creative industry and their warm embrace of Kwara as a destination for film and entertainment.

“We invite the creative community to consider Kwara not just for future productions but also as a home for their endeavors. Together, we can build a creative hub that reflects our shared aspirations for excellence and innovation,” he concluded.

The 16th BON Awards, which featured celebrated actors such as Femi Adebayo, Mercy Aigbe, Toyin Abraham, and many others, was a resounding success, with winners and attendees alike applauding the state’s infrastructure and hospitality.

Continue Reading

BIG STORY

Port Harcourt Refinery Operating At 70% Capacity, To Blend 1.4m Litres Of Petrol Per Day — NNPC

Published

on

The Nigerian National Petroleum Company (NNPC) Limited has announced that the rehabilitated old Port Harcourt refinery is currently operating at 70 percent of its installed capacity.

The Port Harcourt Refining Company (PHRC) operates two refineries: the old refinery, with a capacity of 60,000 barrels per stream day (bpsd), and a new refinery with an installed capacity of 150,000 bpsd.

In a statement on Tuesday, the energy company stated that it plans to increase operations to 90 percent of the refinery’s capacity.

“The Board and Management of the Nigerian National Petroleum Company Limited (NNPC Ltd) express heartfelt appreciation to Nigerians for their support and excitement over the safe and successful restart of the 60,000 barrels-per-day Old Port Harcourt Refinery,” the statement reads.

“This achievement marks a significant step forward after years of operational challenges and underperformance.

“We are, however, aware of unfounded claims by certain individuals suggesting that the refinery is not producing products. For clarity, the Old Port Harcourt Refinery is currently operating at 70% of its installed capacity, with plans to ramp up to 90%.”

‘NAPHTHA TO BE BLENDED INTO PETROL’

According to NNPC, the refinery has started producing daily outputs of straight-run petrol (naphtha), which is blended into 1.4 million litres of petrol.

The national oil company also stated that the refinery has begun producing 900,000 litres of kerosene per day and 1.5 million litres per day of diesel.

NNPC further mentioned that 2.1 million litres of low-pour fuel oil (LPFO) will also be produced daily at the refinery, with additional volumes of liquefied petroleum gas (LPG) to be refined at the plant.

“It is worth noting that the refinery incorporates crack C5, a blending component from our sister company, Indorama Petrochemicals (formerly Eleme Petrochemicals), to produce gasoline that meets required specifications,” NNPC said.

“Blending is a standard practice in refineries globally, as no single unit can produce gasoline that fully complies with any country’s standards without such processes.”

Additionally, NNPC stated that significant progress has been made on the new Port Harcourt refinery, “which will begin operations soon without prior announcements.”

“We urge Nigerians to focus on the remarkable achievements being realized under the able and progressive leadership of President Bola Tinubu and to support efforts aimed at delivering more dividends to the nation,” the company added.

According to the statement, malicious attacks on “clear progress” only undermine the “significant strides made by NNPC Ltd and the country.”

“Let us move forward together in building a stronger and more self-sufficient energy sector,” the company said.

Earlier today, NNPC confirmed that the refinery officially commenced crude oil processing, resuming the loading of petroleum products into trucks.

Earlier reports had it that NNPC was struggling to finalize the turnaround maintenance at the refinery. According to documents seen by TheCable, one option being considered was retrofitting the refinery into a blending plant.

Continue Reading

BIG STORY

NOVA Bank Achieves Global Cybersecurity Milestone With ISO 27032 Certification

Published

on

NOVA Bank has achieved a major milestone in its commitment to safeguarding customer data and digital operations by attaining the globally recognized ISO 27032 Cybersecurity Standard certification. This significant achievement positions NOVA Bank among the elite financial institutions in Nigeria with such a distinction.

The ISO 27032 certification focuses on fortifying cybersecurity measures, ensuring robust protection for data, systems, and online transactions amid an ever-evolving cyber threat landscape. In addition to this achievement, NOVA Bank is already certified in ISO 27001 for Information Security Management and BCMS 22301 for Business Continuity Management, further underscoring its dedication to operational excellence and security.

Speaking on the achievement, Acting Managing Director and CEO of NOVA Bank, Mrs. Chinwe Iloghalu, described the certification as a pivotal moment for the Bank and its customers.

“This certification underscores NOVA Bank’s unwavering dedication to maintaining the highest global standards in cybersecurity. As we continue to innovate with customer-centric retail products, cybersecurity remains at the heart of our operations. Our customers can rest assured that their data and transactions are protected by some of the most advanced security frameworks in the industry. Trust is built on security, and NOVA is committed to providing a secure, reliable, and innovative banking experience,” Mrs Iloghalu stated. The Bank’s Executive Director for Operations and Information Technology, Dr. David Isavwe, who also serves as the President and Chairman of the Board of Trustees for the Information Security Society of Africa, Nigeria (ISSAN), emphasized the broader implications of the certification.

“The ISO 27032 certification highlights NOVA Bank’s proactive approach to addressing cybersecurity challenges. It demonstrates our readiness to protect against evolving threats and our ability to adapt to the dynamic landscape of digital banking. This certification reinforces our commitment to delivering secure and uninterrupted services to our valued customers,” Dr. Isavwe remarked.

This milestone aligns with NOVA Bank’s overarching strategy of integrating cutting-edge technology with its trademarked Phygital model—seamlessly blending physical and digital banking experiences, while maintaining an unwavering focus on customer trust and satisfaction.

As the bank prepares to launch a series of innovative retail banking products, this certification highlights its dedication to prioritizing cybersecurity, ensuring a secure and seamless banking experience for all its customers.

Continue Reading



 

Join Us On Facebook

Most Popular