Thursday, 30 June 2016

MTN Discloses that They have been able to pay N80Billion out of N300Billion.

MTN Nigeria has disclosed that it has so far paid a total of N80 Billion this year as part of the N300 billion fine settlement imposed on the company by the Nigeria Communication Commission (NCC).

The statement was disclosed by MTN Nigeria Chief Executive Officer, Ferdi Moolman, speaking after the NCC formally declared MTN Nigeria as the winner of the 2.6GHz spectrum auction. 
He said "we are also delighted that the matter of the fine imposed by the NCC was amicably settled in the interest of all parties. I am pleased to announce that the first payment of N30 billion in the terms of settlement has already been disbursed to the NCC. In addition to the earlier payment of N50 billion which we paid in good faith and without prejudice on February 24, this means we have now paid a total of N80 billion.
Speaking on th 2.6Hz Spectrum, Moolman said “We are very pleased with this development at this time, which is a further step in the right direction for Nigeria. Indeed, MTN is fully aligned and supports the NCC’s objective to deliver broadband services to present and future generations of subscribers, in line with the National Broadband Plan of 2013.”

Picture of how the cost of bread increased in 1984

Picture of how the cost of bread increased in 1984
Say Baba No be today .

Wednesday, 29 June 2016

The Cost of Bread May soon Increase by 25%

According to Business Day Bread, a staple food for most Nigerians may soon disappear from the breakfast table as its price has risen by 25 percent in two weeks, following a sharp increase in the prices of sugar, flour and butter, which are the major components, BusinessDay investigations show.

The implication is that hard times await Nigerians with dwindling disposable income, particularly, the middle and low level income earners who rely on bread for their breakfast, as the prices of other items like cornflakes and bean-cakes, among others, have shot up on account of rising inflation.
“The price of sugar increased as a result of the change in foreign exchange,” said Sule Abdullahi, Acting Group Managing Director at Dangote Sugar Refinery.
Nigerian inflation increased in May to the highest rate since February 2010 as food, electricity and other energy costs drove up prices in Africa’s largest economy.
Inflation rate rose to 15.6 percent from 13.7 percent the month before, the National Bureau of Statistics (NBS) said on June 14.
Tajudeen Ibrahim, team head at Chapel Denham Hill had earlier told BusinessDay that soaring sugar prices will further deepen the woes of raw sugar importers.

humble smith gets his first endorsement deal

Tuesday, 21 June 2016

FG Releases Circular on Sack of striking Doctors

FG Releases Circular on Sack of striking Doctors

The Federal Government has ordered the sack of striking resident doctors in the country. 

The Minister of Health, Isaac Adewole, in a circular signed by Amina Shamaki, permanent secretary of the ministry directed chief medical directors (CMDs) and medical directors (MDs) of FG tertiary health institutions to fill the vacancies created by resident doctors who have “abandoned” their programme. Resident doctors in government hospitals embarked on a nationwide strike on Monday. 

The circular reads:

“It has come to the notice of the management of the ministry that some resident doctors in your establishment have voluntarily withdrawn from the residency training program by refusing to report for training without authorisation. public service rule, PSR 030402 (e) is relevant. “This is in spite of the ongoing negotiations on their demands put forward by the representatives of the National Association of Resident Doctors (NARD) under the auspices of the Nigerian Medical Association.
“In view of this development, you are hereby directed to replace all the doctors that have withdrawn their services, with others from the pool of applicants for the training programs in the various disciplines in order not to create ominous gap in training with attendant disruption of health care delivery in your facility.