Category: Business

  • Foreign airlines to sack 2,000 Nigerian workers

    The National Union of Air Transport Employees has alleged that foreign airlines plan to sack about 2,000 Nigerian workers.

    NUATE said the airlines premised this on their inability to transfer their earnings to their respective home countries to meet operational costs because of the new Central Bank of Nigeria policy on forex and fund transfer.

    In a letter addressed to the Minister of State for Aviation, Senator Hadi Sirika, the Acting General Secretary of NUATE, Comrade Olayinka Abioye, said the news has jolted workers.

    “The reason being adduced for this danger is that their earnings in the past year is under lock with the Central Bank of Nigeria, CBN, as they are unable to transfer these earnings to their respective home countries to meet operational costs in accordance with international rules,” the letter read in part.

    Calling on federal government to act fast, Abioye said “following concerns raised recently by leaders of these workers and other stakeholders and in appreciation of the good intent of the government’s fiscal policy, we humbly make this clarion call for your (Minister) intervention to grant foreign airlines concession to repatriate their proceeds to their home countries.

    “We hasten to place on the front burner an emerging threat confronting over 2,000 private sector aviation workers in Nigeria which, requires your intervention to forestall imminent loss of jobs of these number of workers.”
    -DialyPost

  • Davido set to launch new clothing line this summer

    Multiple award winning singer, Davido has announced the launch of his  clothing line on Twitter.
    He shared two tweets where he made the announcement, and released a sample of the clothing.
    “OBO BRAND CLOTHING ….. COMING SUMMER 2016 …” he tweeted.
    Davido joins the likes of Yemi Alade, Wizkid, Rugged man, Phyno  and Mocheddah who have ventured into the fashion industry.

  • Davido set to launch new clothing line this summer

    Multiple award winning singer, Davido has announced the launch of his  clothing line on Twitter.
    He shared two tweets where he made the announcement, and released a sample of the clothing.
    “OBO BRAND CLOTHING ….. COMING SUMMER 2016 …” he tweeted.
    Davido joins the likes of Yemi Alade, Wizkid, Rugged man, Phyno  and Mocheddah who have ventured into the fashion industry.

  • The Cross River Garment Factory Work Progress In Pictures

    The work progress of the Cross River Garment Factory in Calabar is in no doubt a reality and a boost of moral for the entire state and it’s citizens, as the project will as soon as possible commence work. The factory is located at the Goodluck Jonathan By-pass, closed to FGGC, Calabar.

    The factory which will render employment for many youths as said by Gov Ayade will commence work soon as the photos below proves it’s progress. See photos after the cut…

    Prototype of the completed garment factory
  • The Cross River Garment Factory Work Progress In Pictures

    The work progress of the Cross River Garment Factory in Calabar is in no doubt a reality and a boost of moral for the entire state and it’s citizens, as the project will as soon as possible commence work. The factory is located at the Goodluck Jonathan By-pass, closed to FGGC, Calabar.

    The factory which will render employment for many youths as said by Gov Ayade will commence work soon as the photos below proves it’s progress. See photos after the cut…

    Prototype of the completed garment factory
  • SERAP warns CBN to withdraw secret recruitment job offers now

    Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to Mr Godwin Emefiele,Governor of the Central Bank of Nigeria (CBN), requesting him to “immediately withdraw hundreds of letters of employment issued following a seriously flawed recruitment process and to put in place a system of recruitment and hiring based on the principles of non-discrimination, transparency, participation and objective criteria such as merit, equity and aptitude.”

    The group warned that “Should Mr Emefiele and the CBN fail and/or neglect to act as requested within 14 days of the receipt and/or publication of this letter, the Registered Trustees of SERAP shall take appropriate legal action to ensure effective remedies for millions of Nigerians that have been denied equal opportunity to participate in the recruitment process.

    And this may be without further notice to you.” The letter dated 18 March 2016 and signed by SERAP executive director Adetokunbo Mumuni reads in part:

    “This corrupt process amounts to a fundamental breach of constitutionally and internationally recognized human rights of millions of Nigerians particularly the right to equality and non-discrimination, to work and to human dignity.”

    “Instead of the CBN promoting equality of opportunity and access to employment for all Nigerians, it has perpetrated discrimination, and therefore denied an opportunity for economic self‑reliance and in many cases a means for millions of Nigerians to escape poverty and live a life of dignity.”

    “The process also directly breaches article 7 of the UN Convention against Corruption which Nigeria has ratified. Article 7 requires institutions like the CBN to adopt, maintain and strengthen systems for the recruitment and hiring of civil servants that are based on principles of transparency and objective criteria such as merit, equity and aptitude.”

    “SERAP believes that by the secret recruitment, millions of otherwise qualified Nigerians have been treated less favourably than the children of the politically and economically connected. This differential treatment is arbitrary and cannot be reasonably and objectively justified. It can in fact result in pervasive discrimination, stigmatization and negative stereotyping. The secret recruitment also offends the requirement for Nigeria to make the labour market open to everyone in the country.”

    “SERAP notes that non-discrimination and equality are essential for the exercise and enjoyment of other constitutionally and internationally recognized human rights, as well as equal and effective protection before and of the law. We also remind you that every Nigerian has the right to be able to work, allowing him/her to live in dignity.”

    “SERAP is seriously concerned that the secret recruitment unfairly deprives millions of Nigerians the right to work, impermissibly limiting their freedom regarding the choice to work, and undermining their personal development and social and economic inclusion.

    While the right to work is not an absolute and unconditional right to obtain employment, it implies the right of access to a system of protection guaranteeing every eligible Nigerian access to employment, and the right not to be unfairly deprived of employment.”

    “The secret recruitment has therefore impaired and nullified the exercise of the rights of Nigerians, especially disadvantaged and marginalized individuals and groups to human dignity, equality and non-discrimination.”

    “Furthermore, the Nigerian Constitution 1999 (as amended) provides in section 42 that a citizen of Nigeria of a particular group shall not, by reason only that he is such a person: a) be subjected to disabilities or restrictions to which citizens of Nigeria of other groups are not made subject; or be accorded any privilege or advantage that is not accorded to all citizens of Nigeria.”

    “Section 16(2) provides that the economic system will not be operated in such a manner as to permit the concentration of wealth or means of production and exchange in the hands of few individuals or of a group, such as the politically and economically connected or their children.”

    “Section 17 provides that the state social order is founded on ideals of freedom, equality and justice. Subsection (3) of the same section provides that the state shall direct its policy towards, ensuring that all citizens without discrimination on any group whatever, have the opportunity for securing adequate means of livelihood as well as adequate opportunity to secure suitable employment.”

    “According to reports, the Central Bank of Nigeria (CBN) carried out an alleged secret recruitment of over 900 employees on your directive and under your supervision.

    Many of the beneficiaries are said to be children and relatives of the politically and economically connected. Our information suggests that there were no prior notifications on the recruitment through advertisements to give all Nigerians the opportunity to participate.”

    Read more at: http://www.vanguardngr.com/2016/03/secret-recruitment-withdraw-job-offers-now-well-sue-serap-warns-cbn/

  • SERAP warns CBN to withdraw secret recruitment job offers now

    Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to Mr Godwin Emefiele,Governor of the Central Bank of Nigeria (CBN), requesting him to “immediately withdraw hundreds of letters of employment issued following a seriously flawed recruitment process and to put in place a system of recruitment and hiring based on the principles of non-discrimination, transparency, participation and objective criteria such as merit, equity and aptitude.”

    The group warned that “Should Mr Emefiele and the CBN fail and/or neglect to act as requested within 14 days of the receipt and/or publication of this letter, the Registered Trustees of SERAP shall take appropriate legal action to ensure effective remedies for millions of Nigerians that have been denied equal opportunity to participate in the recruitment process.

    And this may be without further notice to you.” The letter dated 18 March 2016 and signed by SERAP executive director Adetokunbo Mumuni reads in part:

    “This corrupt process amounts to a fundamental breach of constitutionally and internationally recognized human rights of millions of Nigerians particularly the right to equality and non-discrimination, to work and to human dignity.”

    “Instead of the CBN promoting equality of opportunity and access to employment for all Nigerians, it has perpetrated discrimination, and therefore denied an opportunity for economic self‑reliance and in many cases a means for millions of Nigerians to escape poverty and live a life of dignity.”

    “The process also directly breaches article 7 of the UN Convention against Corruption which Nigeria has ratified. Article 7 requires institutions like the CBN to adopt, maintain and strengthen systems for the recruitment and hiring of civil servants that are based on principles of transparency and objective criteria such as merit, equity and aptitude.”

    “SERAP believes that by the secret recruitment, millions of otherwise qualified Nigerians have been treated less favourably than the children of the politically and economically connected. This differential treatment is arbitrary and cannot be reasonably and objectively justified. It can in fact result in pervasive discrimination, stigmatization and negative stereotyping. The secret recruitment also offends the requirement for Nigeria to make the labour market open to everyone in the country.”

    “SERAP notes that non-discrimination and equality are essential for the exercise and enjoyment of other constitutionally and internationally recognized human rights, as well as equal and effective protection before and of the law. We also remind you that every Nigerian has the right to be able to work, allowing him/her to live in dignity.”

    “SERAP is seriously concerned that the secret recruitment unfairly deprives millions of Nigerians the right to work, impermissibly limiting their freedom regarding the choice to work, and undermining their personal development and social and economic inclusion.

    While the right to work is not an absolute and unconditional right to obtain employment, it implies the right of access to a system of protection guaranteeing every eligible Nigerian access to employment, and the right not to be unfairly deprived of employment.”

    “The secret recruitment has therefore impaired and nullified the exercise of the rights of Nigerians, especially disadvantaged and marginalized individuals and groups to human dignity, equality and non-discrimination.”

    “Furthermore, the Nigerian Constitution 1999 (as amended) provides in section 42 that a citizen of Nigeria of a particular group shall not, by reason only that he is such a person: a) be subjected to disabilities or restrictions to which citizens of Nigeria of other groups are not made subject; or be accorded any privilege or advantage that is not accorded to all citizens of Nigeria.”

    “Section 16(2) provides that the economic system will not be operated in such a manner as to permit the concentration of wealth or means of production and exchange in the hands of few individuals or of a group, such as the politically and economically connected or their children.”

    “Section 17 provides that the state social order is founded on ideals of freedom, equality and justice. Subsection (3) of the same section provides that the state shall direct its policy towards, ensuring that all citizens without discrimination on any group whatever, have the opportunity for securing adequate means of livelihood as well as adequate opportunity to secure suitable employment.”

    “According to reports, the Central Bank of Nigeria (CBN) carried out an alleged secret recruitment of over 900 employees on your directive and under your supervision.

    Many of the beneficiaries are said to be children and relatives of the politically and economically connected. Our information suggests that there were no prior notifications on the recruitment through advertisements to give all Nigerians the opportunity to participate.”

    Read more at: http://www.vanguardngr.com/2016/03/secret-recruitment-withdraw-job-offers-now-well-sue-serap-warns-cbn/

  • How to Get $100,000 From Google For Free

    Silicon Valley companies regularly offer bounties to hackers that expose vulnerabilities in their software. Now Google is upping the ante by doubling the top prize to people who can hack the company’s Chromebook laptops.

    Google said in a March 14 blog post that it’s dramatically increasing the top reward for Chromebook hacking, from $50,000 to $100,000. To claim the money, a coder must execute a “persistent compromise” of the Chromebook while it is in guest mode.

    Essentially a person must hack into the system when it’s in a locked-down state to ensure user privacy. The compromise must still be executable even when the device is reset. No one has ever claimed the top prize.

    In 2015, Google doled out more than $2 million overall to hackers found bugs across its services—including a $12,000 reward to the guy who managed to buy the domain Google.com out from under Google’s nose.
    [Time]

  • How to Get $100,000 From Google For Free

    Silicon Valley companies regularly offer bounties to hackers that expose vulnerabilities in their software. Now Google is upping the ante by doubling the top prize to people who can hack the company’s Chromebook laptops.

    Google said in a March 14 blog post that it’s dramatically increasing the top reward for Chromebook hacking, from $50,000 to $100,000. To claim the money, a coder must execute a “persistent compromise” of the Chromebook while it is in guest mode.

    Essentially a person must hack into the system when it’s in a locked-down state to ensure user privacy. The compromise must still be executable even when the device is reset. No one has ever claimed the top prize.

    In 2015, Google doled out more than $2 million overall to hackers found bugs across its services—including a $12,000 reward to the guy who managed to buy the domain Google.com out from under Google’s nose.
    [Time]

  • See The Conversation Between GTBank And A Frustrated Customer Because Dollar Issues (Photos)

    Ah ha! It has happened again. This time it’s been taken to the social media after the hike of exchange rate which is highly killing the Nigerian economy.

    Days ago, A Frustrated GTBank customer took to Facebook to ask his bank some mind troubling question and the Following Conversation ensued between them.
    See screen shots after the cut…