Connect with us

Business

PENGASSAN, NUPENG Threaten to Strike

Published

on

canada

PENGASSAN and NUPENG to Embark on Strike

Senior oil workers under the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Nigeria Union of Petroleum and Gas (NUPENG) have said they will withdraw their services nationwide effective from Monday August 17, 2020, if the federal government failed to pay their salaries.

This was made known on Thursday by the oil workers who gathered at the Petroleum Training Institute, Effurun.

On Wednesday, PENGASSAN members embarked on a three-day warning strike protesting against non-payment of their salaries for the past three months, also to kick against government decision to include its members in the Integrated Payroll and Personnel Information System (IPPIS).

On Thursday, PENGASSAN, approached the minister of labour and productivity, Chris Ngige, to table its grievances and other concerns of the union regarding the Integrated Payroll and Personnel Information System.

In a note signed by the General Secretary, PENGASSAN, Lumumba Okugbawa, and addressed to Ngige, the association demanded that five agencies of the Federal Ministry of Petroleum Resources should be excluded from IPPIS.

The agencies listed include the Department of Petroleum Resources, the Petroleum Products Pricing Regulatory Agency, the Nigerian Nuclear Regulatory Authority, the Petroleum Training Institute, and the Petroleum Equalisation Fund.

The union said, “DPR, PPPRA and the other agencies under the FMPR superintend the entire spectrum of the Nigerian oil and gas industry and by implication maintains physical presence in all oil and gas as installations and services.

“This tie their terms and conditions to the dynamic and complex operations of the oil and gas industry. The DPR operates the same conditions of service with NNPC and run same laudable and robust payroll system. The parameters of this payroll system would not fit into the IPPIS template.

Addressing the senior oil workers, the Vice-Chairman, Warri Zonal Council of PENGASSAN and Secretary of Regulators Forum, Prince Audu Oshiokhamele, said that “if the salaries are not released by Friday, then all oil operations will be shut down by midnight of Sunday”.

Oshiokhamele said, “We are surprised that the Ministry of Finance, on Wednesday, denied that they are not aware that our salaries have been stopped, while they are making every effort to see how they can placate the union.

Business

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

Published

on

MTN 1

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.

Continue Reading

Business

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

Published

on

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.

Continue Reading

Business

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

Published

on

Tesla earnings

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.

Continue Reading

Trending