NIGERIANS expereince Fuel scarcity as oil workers strike

Fuel scarcity spread across Nigeria on Monday as oil workers  brace for showdown with the Federal Government over various unresolved labour issues.

The oil workers, under the aegis of the Petroleum and Natural Gas Senior Staff Association [PENGASSAN] and their counterparts in the National Union of Petroleum and Natural Gas Workers [NUPENG], commenced their nationwide strike on Monday.

The decision to strike is sequel to  the expiration of the notice to government for the resolution of some labour issues affecting their members as well as other national issues affecting the operation of the petroleum industry.

SPAM MAIL with Subject ANNUAL AWARDS/ DINNER PARTY

Email spam, also known as junk email or unsolicited bulk email, is a subset of electronic spam involving nearly identical messages sent to numerous recipients by email. Clicking on links in spam email may send users to phishing web sites or sites that are hosting malware.

There is a SPAM mail going around now with the above header and the mail body simply reads:

FYA, you are cordially invited.

Regards

Please do not open it or download the attachment. Simple delete the mail. The mail is a SPAM set to Piggy back on your contact list, forward the same mail to all your contacts and continue the loop. 

Again please disregard the mail.

However, if you have been a victim of this attack already a password change is recommended immediately.

Ajibola Aderonke is an auditor at professional services firm Ernst & Young (EY). She previously worked another Big 4 accounting firm PwC. She can be reached at ajibolaaderonke@gmail.com for ideas and suggestions. The post above and its ensuing comments, if any, is purely the opinion of the writer.

Fuel Scarcity Mar Christmas Celebrations

Fuel scarcity has hit Lagos and some parts of Osun and Ogun State, as long queues resurfaced across the states.

Major Oil Marketers Association of Nigeria (MOMAN) has said that this would be triggered by refusal of the Petroleum Products Pricing Regulatory Agency (PPPRA) in releasing the approval for the first quarter fuel importation.

Long queues are visible in almost all the petrol stations that were selling the products while many remained under locks and key.

Forte Oil petrol station at Igbosere and Total petrol station at Okesuna, all on Lagos Island,

AXA acquires majority stake in Nigeria’s Mansard Insurance for N43bn

AXA has acquired majority stake in Nigeria’s Mansard Insurance in a deal concluded on Friday for €198 million, equal to N43 billion.

The French company, AXA, announced it had entered into an agreement to acquire 100 percent of Assur Africa Holdings (AAH), which holds a 77 percent stake in the composite insurance company Mansard Insurance plc.

Under the terms of the agreement, the total cash consideration payable at closing would amount to €198 million. AXA would include the acquired operations within its Mediterranean and Latin American region.

Mansard is the fourth largest insurance provider in Nigeria, with operations in both property

Nigeria overnight rate spikes, naira stabilises as CBN curbs liquidity

Nigeria’s overnight lending rate spiked to 30 percent on Friday while the naira stabilised, after the central bank drained liquidity from the banking system as part of efforts to support the currency, hit by falling global oil prices.

The central bank withdrew around 300 billion naira ($1.7 bln) from the system this week to reinforce monetary tightening introduced last week, pushing the interbank overnight lending rate up to 30 percent, from 12 percent a week ago, dealers said.

The central bank is struggling to prop up the naira, which has taken a beating over the past few months as falling oil prices have shaken confidence in the assets of Africa’s leading energy producer.

As the bank has been forced to tighten monetary policy to defend the currency, it also risks hurting Africa’s biggest economy as high interbank rates will constrain credit growth and could create bad loan problems for lenders.