Arik Air Sacks 300 Workers

About 300 staff of Arik Air have received their sack letters. The management of Arik Air on Friday announced the relieving of these staff members of their appointments. In a statement to newsmen titled “Arik Air management declares 300 staff redundant”, the airline blamed the impact of the COVID-19 pandemic for the sacking. Arik Air explained that a redundancy package would be provided for the affected workers with the help of the aviation unions. The statement read in part, “Arising from the devastating impact of the COVID-19 pandemic, leading to…

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Court Stops Wema Bank/AMCON in Takeover Bid, Rules in Favour of Peace Global Communication

An Abuja Federal High Court has vacated an ex-parte order against Peace Global Satellite Communication network and it’s Managing Director, Oreye Udo Livingstone which was earlier obtained in March this year. The earlier interim ex-parte order which granted Benson Ibezim, the 3rd Claimant/ Respondent the receiver Manager appointed by AMCON which is the 1st Respondent to take possession of the properties belonging to Oreye and his wife which includes their residence and hotel located at Omole estate, Lagos was vacated after careful consideration of all Affidavits, counter-Affidavits, written addresses, exhibits…

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JULIUS BERGER SERVICES NIGERIA DELIVERS TOP BRAND INTERNATIONAL TERMINAL OPERATIONS AT WARRI PORT

…Company awarded ‘Nigeria’s Best Terminal Management Company’ Julius Berger Services Nigeria Limited (JBSN) has served as a multipurpose terminal operator at the Warri Port – Terminal C since 2007. A subsidiary of the internationally acclaimed and ever reliable enginerring brand, Julius Berger Nigeria Plc, Julius Berger Services Nigeria, as an experienced terminal operator, offers shipping services for import as well as export of goods to and from Nigeria. JBSN, as the Warri-based port terminal subsidiary of Julius Berger Plc is fondly called by its clients and hosts, follows national and international…

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Oyo Pacesetters Transport Gears For COVID-19 Reality, Rebrands, Introduces New Uniforms

The COVID-19 pandemic is pushing the boundaries of economic and social reforms, giving way for visionary leaders to think of a more dynamic approach to new societal norms and economic sustainability. The Oyo State Pacesetter Transport Services has braced up to the new realities posed by COVID-19 and rebranded its activities with a determined focus on safety. With the introduction of new set of Safety annex, wears and branded uniforms for all cadres of staff, the Pacesetter transport is geared towards business in COVID-19 and post COVID-19 era. The agency…

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Copyright Infringement: Court Orders NUC, Airtel To Pay TV Xtra Production N703m

A Federal High Court sitting in Abuja on Wednesday awarded a N703 million damages against the National Universities Commission (NUC) and Zain Nigeria Ltd (now Airtel) for infringing on the copyright of a media company, TV Xtra Production. In his ruling, Justice Inyang Ekwo held that actions of bothe the NUC and Zain, clearly breached the copyright of TV Xtra Production. TV Xtra Production’s CEO, who is also the General Editor, Arise News, Christian Ojorovwu Ogodo, said he designed and registered the quiz programme, ‘University Challenge’ with the National Copyrights…

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Access Bank cuts staff salaries to save jobs

Access Bank PLC, has revealed its plans to cut staff salaries in order to ensure that no member of its staff looses job as a result of the biting effects of coronavirus (COVID-19) on its operations. This was part of the outcome of the in-house briefing handed down to the staff on Thursday, people with direct knowledge of the matter said. As a lockdown to contain the coronavirus hampers operations, the lender among other measures said the reduction in salaries is expected to start from May unless business conditions improve.…

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ATROCIOUS JUDICIAL CONSPIRACY: How Abuja Judge Allegedly Forged International Treaty to Give Zenith Bank Judgement in N23.2bn Trade Deal Gone Sour

A judge of the High Court of the Federal Capital Territory (FCT), Justice Angela Otaluka has been accused of allegedly perverting justice in favour of one of Nigeria’s biggest banks, Zenith Bank against an indigenous company, Owigs and Obigs in a deal worth about N23.2 billion. Aggrieved, Owigs and Obigs approached the High Court of the Federal Capital Territory for adjudication and to ask for damages for the huge losses it suffered, believing that the judiciary was the last hope of the common man. Their hope for speedy and judicious…

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ANOTHER P&ID SCANDAL LOOMING: How ZENITH BANK Frustrated Nigerian Firm’s N23.2bn Trade Deal Through Deceit, Fraud, Criminal Manipulation

As Abuja Judge forges International Treaty to Give Zenith Judgement The outcry that greeted the award of $9.6 billion to Process and Industrial Projects Limited {P&ID} against Nigeria may not be the last, as a Nigerian bank, Zenith and a Judge of Federal Capital Territory, Justice Angela .O. Otaluka, sitting in Lugbe, a satellite town of Abuja, have incurred the wrath of an international trade agency through alleged willful, fraudulent and criminal flouting of the treaty on the part of Zenith Bank Plc. If the threat of legal action against…

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Boko Haram bombs 282 base stations in Northeast -Airtel

Voice call and data networks in the villages and towns around Nigerian borders have been down due to lack of diesel to power the base stations there, Airtel Nigeria has said. It also said the insurgents bombed 282 telecom base stations in the North East recently. Daily Trust reports that the Federal Government had stopped fuel tankers from delivering fuel to areas close to the borders. But the telecom companies said the epileptic power supply in the country is affecting their base transceiver stations (BTSs) situated near the borders, noting…

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Interswitch Nigeria hits $1billion valuation with Visa investment

Agency Report Nigeria’s digital payments firm Interswitch said Visa has acquired a minority equity stake in the firm, TechCrunch has reported. “The investment makes Interswitch one of the most valuable African fintech businesses with a valuation of $1 billion,” Interswitch said in a press statement to TechCrunch. The Visa investment could create the first of two market distinctions for Interswitch — as it shouldn’t change the Lagos based company’s plans to go public. “An IPO is still very much in the cards; likely sometime in the first half of 2020,”…

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