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Nigeria: Unity Bank Sacks 215 Workers in Repositioning Strategy


Unity Bank Plc, yesterday sacked not less than 215 of its employees as part of its reengineering strategy for greater performance. According to information gathered from sources close to the bank, the workers were sacked for their inability to cope with the new ideas and strategy of the institution. The bank is said to have made significant strides in its ...

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Nigeria’s largest airline temporarily suspends operations


Arik Air, Nigeria’s largest airline, cancelled all of its flights on Tuesday in what it called a temporary disruption related to insurance renewal, it said in a statement on Tuesday. The company warned the disruption was likely to continue for the next few days as it awaited approve from national insurance commission NAICOM to renew its insurance with a new ...

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Nigeria: Petrol Price Hike – Ex-NNPC GMDs’ Position Generates More Controversy


A civil society organisation, the Africa Network for Environment and Economic Justice (ANEEJ), has accused the body of former Group Managing Directors of the Nigerian National Petroleum Corporation, NNPC, of pursuing a selfish agenda in calling for a hike in price of petrol. They claimed the call was capable of ruining the country. In an e-mailed statement to Vanguard in ...

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Nigeria: Cassava Growers Seek Compensation for Insured Farmlands Damage By Herdsmen


Nigeria Cassava Growers Association, NCGA, has appealed to the Nigerian Agricultural Insurance Corporation, NAIC, to compensate farmers whose insured farmlands were destroyed by herdsmen in various states. President of the association, Pastor Segun Adewumi, made the appeal in an interview in Lagos, yesterday. Adewumi lamented that most of the destroyed farmlands were set up with huge loans from banks collected ...

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Senegal:Sheep business boosted by mobile money


Sheep are a hot commodity in Senegal leading up to the Muslim holiday Eid al-Adha, when each family traditionally slaughters a ram for a feast that has become a boomtime for traders who often travel hundreds of miles to sell their livestock. It is a tradition stretching back centuries, but these days paying for the sacrifice is a whole lot ...

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Nigerian watchdog closes Nokia-Alacatel’s local offices


Nigeria’s telecoms regulator has shut the offices of Nokia-Alcatel for operating in Africa’s largest economy without the necessary permit, the watchdog said on Friday. The Nigerian Communications Commission’s (NCC) spokesman Tony Ojobo said that the mobile telecoms equipment manufacturer had failed to obtain the 2 million naira ($6,349) licence required for the sale and installation of network equipment. The head ...

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Ivory Coast cracks down on cocoa contracts

Ghana cocoa

Ivory Coast’s cocoa marketing board has given exporters six days to supply documentation for export contracts, including proof of a counterparty, or they will be cancelled and resold, the Coffee and Cocoa Council (CCC) wrote in a memorandum seen on Friday. The measure, aimed at stamping out speculation in the top grower’s forward sales system, could lead to the resale ...

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Nigeria: Cocoa Institute Reinstates 91 Sacked Workers After Buhari’s Intervention


Ninety one workers sacked in 2013 by the Cocoa Research Institute of Nigeria, Ibadan, resumed work on Thursday. Welcoming the workers, Acting Executive Director of the institute, Abiodun Okelana, said their reinstatement was ordered by President Muhammadu Buhari after a thorough investigation by the Federal Ministry of Agriculture. She assured them that the institute would enrol them into the IPPIS ...

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Nigeria: Aviation Unions Besiege Aero Contractors Over Indefinite Leave Handed 1,400 Workers


Aviation unions on Thursday besieged the head office of Aero Contractors Airline at the Murtala Muhammed Airport (MMA), Lagos, a day after the embattled airline announced the suspension of flight operations and placed workers on an indefinite leave. Benjamin Okewu, the president, Air Traffic Services Senior Staff Association, told journalists on Thursday that the unions embarked on the measure following ...

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Nigeria: Another Airline Suspends Operations


A day after Aero Contractors announced the suspension of operations and placed staff on indefinitely leave, another national airline, First Nation, has closed business. The National Civil Aviation Authority announced on Thursday that First Nation had been ordered to shut down for mandatory maintenance. The director-general, Nigerian Civil Aviation Authority (NCAA), Muhtar Usman, said in a statement that the indefinite ...

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