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.
It has been noted that there is now an increase in fuel all around Nigeria, from … to 1000 plus in fuel stations.
It was also noted that Dangote Petroleum Refinery increased the price to 1,175 per litre and diesel has been increased to 1,620 per litre.
This new spike in fuel increase has caused Nigerians to lament widely, wondering why this change happened all of a sudden.
- MTN Nigeria Communications Plc (MTNN) – Strong telecom growth and 5G expansion.
- Dangote Cement Plc (DANGCEM) – Leading cement maker benefiting from infrastructure demand.
- Guinness Nigeria Plc (GUINNESS) – Consumer stock with solid turnaround potential.
- Okomu Oil Palm Plc (OKOMUOIL) – Agriculture stock tied to palm oil demand.
- Seplat Energy Plc (SEPLAT) – Energy player with gas and oil sector exposure.
- Zenith Bank Plc (ZENITHBANK) – Tier-1 bank with strong financial performance.
- Guaranty Trust Holding Company Plc (GTCO) – Leading bank with diversified revenue streams.
- Presco Plc (PRESCO) – Palm oil producer with export and dividend potential.
- NASCON Allied Industries Plc (NASCON) – FMCG stock with strong fundamentals.
- Aradel Holdings Plc (ARADEL) – Growing energy sector stock with upstream exposure.
It has been noted that the National Youth Service Corps (NYSC) and British American Tobacco Nigeria Foundation (BATNF) plan to renew their partnership in agribusiness.
The new project is to involve youth in the agriculture business, widen their horizons, and educate them about the agritech sector.
The general manager shared that “The foundation is not only providing grants but also building a system of mentorship, structure, and support that enables corps members to see agribusiness as a serious enterprise pathway.” The plan is to use the NYSC platform to engage youths.
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