Business
Telecom Strike Looms as Nigerian Union Demands Major Reforms
Nigeria’s telecommunications industry faces a potential shutdown as the Private Telecommunications and Communications Senior Staff Association (PTCASS) has initiated a strike.
This move could severely disrupt telecommunications services across the country.
On Monday, PTCASS announced the strike, with Secretary-General Okonu Abdullahi explaining the reasons behind the action.
Abdullahi revealed that over 800 members, employed across various telecom facilities, network centers, and critical telecommunications companies like IHS and Huawei, are participating in the strike.
The union’s demands include the reinstatement of dismissed workers, formal recognition of the union, better working conditions, and the proper remittance of membership dues.
Abdullahi highlighted that the strike was unavoidable due to worsening working conditions and the employers’ refusal to acknowledge workers’ rights to unionize.
He stressed that the strike’s impact could be significant, as the lack of response to service outages from engineers would directly affect subscribers in the affected areas.
In response, Gbenga Adebayo, Chairman of the Association of Licensed Telecom Operators of Nigeria (ALTON), has dismissed the union’s claims, stating that the group in question is not affiliated with ALTON.
He clarified that the telecom companies mentioned—MTN, Globacom, Airtel, and 9-mobile—are not members of ALTON and thus not involved in the dispute.
Dangote Refinery has announced a fresh reduction in the price of Premium Motor Spirit (PMS), commonly known as petrol.
The company, which is one of Nigeria’s leading oil producers, announced in a statement shared by its spokesperson, Anthony Chiejina, on its official X account on Thursday.
Effective immediately, Dangote Refinery has lowered the ex-depot price of petrol to N899.50 per litre, down from the previous rate of N970.
In his statement, Chiejina mentioned the company’s commitment to helping alleviate the financial burden on consumers during the holidays.
“We have now announced a new price of N899.50 per litre.
This reduction is designed to ease transport costs during the festive period,” he said.
“To alleviate transport costs during this holiday season, Dangote Refinery is offering a holiday discount on PMS.
From today, our petrol will be available at N899.50 per litre at our truck loading gantry or SPM.”
In addition to the price reduction, Dangote Refinery has introduced a new incentive to make fuel more accessible for consumers.
Chiejina explained that for every litre of petrol purchased on a cash basis, buyers will have the opportunity to acquire an additional litre on credit.
This offer is backed by a bank guarantee from Access Bank, First Bank, or Zenith Bank, providing customers with more flexible payment options.
Price of beans drops and news excites traders and consumers. Residents as well express joy with price drop amid the upcoming Christmas holiday. According to a report, the price of beans has sustained a slight drop as 100kg bag of beans is sold for 150k Naira to 140k.
The price of a bag has now dropped to 100k to 120k, depending on the type of beans. It was reported that the price of beans has been dropping for the past two weeks unlike the past months.
Nigeria’s Oil Production increased in November 2024 and has reached 1.69 Million per day going 10% increase compared to that of October production.
This now secures Nigeria’s oil production as the top in the Africa Oil Production.
The crude oil production rose with 11.42% but the condensation production reduced. Despite the great progress of the production, Nigeria’s oil production still has not reached their 2024 goal of 1.78mbpd.
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