Excuse me! Mark the tech billionaire is 29 today
Mark is a genius and a billionaire!It is easy to know who we are talking about. Today is Mark Zuckerberg’s birthday.The Facebook founder is 29.Happy birthday. Mark and friends started the social networking site as a school project to enable students on campus reach themselves. Today,Facebook is a multi billion dollar empire. -Gistmaster.com Related PostsTwo [...]
Stock: Dangote Cement turns Goldmine
For gold diggers in at the Nigerian Stock Exchange, Dangote Cement is turned out a mouth watering deal.The stock jumped the 10 per cent cross line, rising to 178.2 Naira in an unprecedented record at the stock exchange. Gistmaster.com gathered that others who also gained at the stock market include Stanbic IBTC,Cadbury and Wema [...]
Stanbic IBTC,Visafone sacks 310 employees
Why are Naija companies laying off staff? Yesterday April 30th Visafone fired over 60 of their staff nationwide. Stanbic IBTC also sacked 250 of their staff. The sack takes effect from today May 1st.
The Stanbic IBTC sack yesterday crossed across al…
Nigeria Labour Congress breaks own record
As the world mark today, May 1, as workers’ day, the Nigerian Labour Congress (NLC) has said that it would not demand for a review of the current minimum wage.
[caption id="attachment_61021" align="alignleft" width="300" caption="The Deputy President of the Nigeria Labour Congress (NLC), Promise Adewusi"][/caption]
Speaking as a guest on Channels Television’s breakfast programme, Sunrise Daily, the Deputy President of the NLC, Promise Adewusi said Labour is still conducting research into the minimum wage issue and that until that is concluded no demand will be made to the government.
He said, “We would not be asking for new minimum wage. Our research is still going on and when we are done we will make presentation and a new demand but not yet.”
A recent research conducted by Enhancing Financial Innovation and Access (EFiNA), a donor funded development organization estimated that amongst the adult population in Nigeria at 87.9 million, 52 percent earn below the national minimum wage of N18, 000.
Its breakdown of the total shows four million adults earning above N70,000 ($440) per month, 38 million earning between N18,000 and N70,000, and the balance of 52 percent earning below the national minimum wage of N18,000.
In 2012 one prominent African development agency put 66 per cent of the continent below the line of $2 per day, which meant that the balance of 34 per cent could is in the middle class.
Reacting to a question that the NLC is currently being perceived to be docile, Mr Adewusi said rather than engage in road shows, the organisation has adopted social dialogue as it a strategy in advancing the welfare of the Nigerian workers.
“What people want to see is constant road shows. But the road shows as important as they are do not necessarily bring the kind of outcomes that are required to enhance the welfare and wellbeing of our people.
“Rather we have decided to engage in constructive dialogue where we make paramount the welfare and wellbeing of our people as well as the protection of the constitutional rights of Nigerians. What we do is that we engage in research and produce papers and engage government; most times these happen behind the scene,” Mr Adewusi said.
He gave examples of the outcomes of such behind –the –scene engagement to include the reduction in telephone tariff and the adoption of the N18, 000 minimum wage amongst others.
Number portability: Why most Nigerians may never port
The mobile number portability came into effect last week, Monday, April 22, 2013. With that, Nigerian mobile telephone users can now move from one network to another without losing their numbers. But there was not much excitement from Nigerians, in spite of the fact that the introduction of the MNP was meant to give them [...]
Stanbic IBTC to raise $150m for lending
Stanbic IBTC Holdings, the Nigerian unit of South Africa’s Standard Bank Group Limited, plans to raise $150m in new capital this year, its Chief Executive Officer, Mrs. Sola David-Borha, has said. Bloomberg quoted David-Borha as saying that the bank planned to use the Tier 2 capital for investments in infrastructure and lending. “Loans and advances… [Read More...]
Nollywood Vs MTN:Kola Oyeyemi,Charles Igwe disagrees on biggest brand in Africa
By Niyi Tabiti, Kola Oyeyemi, the General manager consumer marketing of MTN Nigeria and Charles Igwe, husband of veteran TV producer,Amaka Igwe, disgreed on the biggest brand in Africa today.Oyeyemi,who was a facilitator today at Nigeria Entertainment Conference durning presentation described MTN as the biggest brand in Africa.He disclosed that this is a data driven [...]
EFCC arrest First Group Dubai officials in Nigeria
Nigeria anti-graft agency known as Economic and financial crimes commission (EFCC) on Tuesday arrested officials of First Group, a real estate firm in Abuja.First Group isinvolved in the marketing and promotion of choice property in Dubai and other places especially within the United Arab Emirates (UAE).First Group was accused of non conforming with laid down [...]
MTN,Airtel panic over mobile number portability network
MTN Nigeria and Airtel are disturbed over the newly introduced mobile number portability network rule by the telecom regulator in the country, Nigeria Communication Commission (NCC),according to findings.The mobile number portability network otherwise known as MPN is a process that allow mobile phone users to switch networks without having to change his or her number. [...]
Jonathan sacks Demuren DG NCAA
The Federal Government has ordered the removal of the Director-General of the Nigerian Civil Aviation Authority, Dr. Harold Demuren. A terse statement issued on Monday night by the Special Assistant to the Secretary to the Government of the Federation (Media), Mr. Sam Nwaobasi, referenced PPR/OSGF/PR/02, said the decision was approved by President Goodluck Jonathan after [...]