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Pilots, Engineers Working With Bristow Begin Strike on Monday

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Pilots, Engineers Working With Bristow Embark on Strike on Monday

Pilots and Engineers working with Bristow Helicopters have embarked on strike effective from August 3, 2020, according to the National Association of Aircraft Pilots and Engineers.

According to the association, the decision was after the two parties failed to reach an agreement on labour matters and negotiations despite a preceding three-day warning strike.

In a letter referenced Ref NS/GS/NAAPE/vol.051/2020 and signed by Umoh Ofonime, the Deputy National Secretary, NAAPE instructed all its members working with Bristow Helicopters to proceed on strike effective from Monday, August 3, 2020.

The association accused Bristow of: “Insistence on benchmarking salaries of national pilots and engineers to an obsolete rate of N345/$1 coupled with their recent insistence on their proposal to implement N355/$1- a rate which is not obtainable on any legal foreign exchange window in the world while still paying expatriates their full remuneration in USD.

“Failure to train qualified persons for ATPL and failure to fully reimburse individuals who have successfully completed their ATPL through self-sponsorship – a deviation from the agreement in place at the time and disproportionate matching and capped reimbursement cash figure for self-sponsored pilots on ATPL with an employment bond of N30m – an obvious unethical and sharp practice.

“Odious laying off of young cadet and trainee engineers after several years of tearful sacrificial toiling on the basis of a promised career in the company.

“Anomalous implementation of engineers’ matrix/chart/progression and refusal to adjust national engineers’ progression in tandem with expatriate nationals and global aviation standards and the norm of jettisoning negotiated agreements as in the case of systemic dissolution of engineering work shift in Eket operation.”

NAAPE said it has failed to make headway with the management of Bristow despite consistently engaging the management of the Bristow.

The union also accused Bristow of discrimination and victimisation, it said its members were no longer “mentally conditioned to safely deliver their professional obligations” under the harsh environment, hence the strike action.

NAAPE, therefore, advised all its members to withdraw their services to Bristow until the issues are resolved completely.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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MTN Nigeria, Gameloft Partner to Increase Access to Variety of Exciting Games

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MTN Nigeria announced it has partnered with Gameloft, a leader in the development and publishing of games, to increase access to a variety of fun and exciting games online.

The telecommunications giant in collaboration with its new partner, Gameloft announced the launch of MTN Gameworld, a new gaming platform for its subscribers.

According to MTN, the new platform will allow the Nigerian growing gaming community access to a lot of unique games online through an extensive premium catalogue from Gameloft and other renowned publishers.

Commenting on the partnership, Srinivas Rao, the Chief Digital Officer, MTN Nigeria, said, “We are constantly seeking to deliver innovative products that support the aspirations of our customers, whilst delivering superior user experience. This partnership allows us to provide our customers with access to a variety of exhilarating games from Gameloft and other leading publishers at an affordable rate.”

MTN Gameworld will allow subscribed customers access to a variety of games, which they can play at subsidised data rates through the MTN Gameworld app. Android, iOS and Windows phone users can subscribe via SMS, app, web, USSD menu (*447#), 131 USSD menu and any other MTN customer channel.

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President Buhari Commissions 5,000bpd Modular Refinery Built in Imo State

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President Muhammadu Buhari on Tuesday commissioned the 5,000 barrels per day modular refinery built by Waltersmith Group in Imo State.

President Buhari, who commissioned the new modular refinery virtually, said the refinery will enable Nigeria to export petroleum products to neighbouring countries and other markets.

The 5,000 barrels per day Waltersmith Modular Refinery is the first phase of 50,000 barrels per day combined capacity plant planned for Imo State, according to the Group.

Buhari commended Waltersmith Group, an indigenous oil firm, and the Nigerian Content Development and Monitoring Board for the collaboration that led to the actualisation of the modular refinery.

President Buhari, therefore, directed the Ministry of Petroleum Resources, the Nigerian National Petroleum Corporation, the Department of Petroleum Resources and all other relevant government agencies to provide Waltersmith all the necessary support in terms of access to crude oil and condensate feedstock.

Buhari said, “We rolled out our refining roadmap in 2018, to address challenges in the downstream sector. After many years of government giving out modular refining licences without any coming on-stream, we are today seeing a commissioning within two years.

“The plan to commence the expansion of this refinery to 50,000bpd capacity, to refine crude oil and condensate, is a demonstration of the economic reform Nigeria is undergoing.

“The realisation of the refinery roadmap will ultimately lead us to becoming a net exporter of petroleum products, not only to our neighbouring countries but to other wide markets,” he said.

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Elon Musk Net Worth Jumps by $100 Billion this Year to Topple Bill Gates, Mark Zuckerberg, Others 

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Elon Musk, the Chief Executive Officer and founder of Tesla, is now the world’s second-richest person following another surge in the price of Tesla share.

Musk total net worth jumped by $7.6 billion to $110 billion between November 16 and 17 to dethrone Facebook founder, Mark Zuckerberg, from the third position.

Since then, Tesla stock has been on a bullish run and in the last 24 hours added $7.24 billion to Elon Musk’s total net worth, according to Bloomberg Billionaire Index. Bringing the billionaire’s total net worth to $128 billion.

Elon Musk’s net worth rose from just $28 billion in January 2020 to $128 billion on November 24, 2020, representing an increase of $100 billion, the highest by any billionaire.

Musk has finally toppled Bill Gates as the second richest person and for the first time, Bill Gates is the third richest man in the world. This is the first time in almost 40 years that Gates will be in the third position.

Billionaires listed on Bloomberg Index have collectively gained $1.3 trillion this year.

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