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Bristow Plans to Sack 100 Pilots, Engineers in Few Weeks

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Bristow Helicopters

Bristow to Sack 100 Pilots, Engineers Amid Strike

Embattled Helicopter company, Bristow Helicopter, on Tuesday announced its decision to sack 100 pilots and engineers in the next couple of weeks due to the negative impact of COVID-19 on all its operations.

The announcement was made a day after the company’s engineers and pilots embarked on strike following the failure of the National Association of Aircraft Pilots and Engineers to reach an agreement with the management of Bristow Helicopter on labour matters.

In a statement released On Tuesday through Topcom, a public relations firm representing the company, Bristow said COVID-19 has affected all its business units, especially the Oil and Gas sector.

In the statement titled ‘Bristow Restructures Nigeria Operation,’ the Helicopter Company said downturn going on in the global oil and gas sector impacted the company’s ability to respond to Pilots and Enginers’ request for salary upgrade from N345 per US dollar exchange rate to N355/us$.

Bristow’s statement read “The combined effects of these ‘arisings’ have resulted in very significant reductions to our business particularly a reduction in the number of contracted aircraft in Nigeria.

Due to these challenges, “Bristow has made the decision to restructure all aspects of its business model (both rotary and fixed wing), including an extensive review of its operation and will continue to drive efficiencies with zero compromise to safety and core value.

While this might be another trick or strategy not to shift ground regarding the request of pilots and engineers that commenced strike on Monday after three-days warning, Bristow appears to be playing its card right. Capitalising on COVID-19 challenges, especially after Air Peace announced it would be letting go 70 pilots due to the same reason.

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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 Buhari

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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