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Showing posts from January 25, 2016

NUPENG Kicks Against Workers’ Retrenchment In Shell, Chevron

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The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has opposed the plan by both Chevron and Shell Petroleum Development Company (SPDC) to sack 18,500 workers globally, saying such retrenchment was unjustifiable in Nigeria. In a statement signed by its National President, Igwe Achese, the union said it was worried and concerned about the threat of sacking such alarming number of oil workers. It called on the Federal Government to halt the move in Nigeria stressing that such sack threat coming after the companies had fully divested from onshore oil fields, describing the sack as one too many in the country. “It will be morally unjustified for Chevron and Shell to retrench oil workers in Nigeria as they are carting away profits made from deep offshore and joint venture gas projects.

Currency market challenges threaten private sector investment – Analysts

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  credit: nigerianreviews.com Private sector investment in the country may be constrained by currency market challenges and the higher risk environment, analysts at Afrinvest Wes Africa Limited have said. The analysts, in the company’s Nigerian Economy and Financial Market 2015 Review and 2016 Outlook report, noted that the gains from the successful conduct of the general elections last year was offset by poor monetary policy responses, delayed fiscal policy pronouncements and relentless decline in oil prices.

Can CBN save the naira and save Nigerians?

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  Henry Boyo The naira exchange rate has suffered a severe battering in recent times and fallen from about N160 to the present N197=$. Consequently, since our national experience suggests a close correlation between deepening poverty and weakening naira exchange rates, Nigerians should, advisedly, be concerned if the naira further slides. Evidently, the unyielding youth exodus and the mass migration of skilled teachers and professionals to more prosperous economies,

NLC Condemns Fresh Attacks On Oil Pipelines In N’Delta

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The Nigeria Labour Congress(NLC) yesterday in Abuja condemned the renewed blowing-up of major oil and gas pipelines by suspected militants in the Niger Delta region. NLC President, Mr Ayuba Wabba told newsmen that the issue of national security should not be taken lightly. “Pipeline vandalism is highly condemnable; this should not be allowed to happen in a civilized society,’’ he said. According to him, oil and gas pipeline vandalism will contribute largely to the air and water pollution of the region and reduce the revenue base of the country.

Gary Lineker's marriage to Danielle 'ended a year ago', says friend Piers Morgan

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The stars were recently granted a decree nisi at Southampton County Court, marking an end to their six-year marriage Piers Morgan's shock claim Gary Lineker 's marriage to Danielle ended more than a year ago, according to pal Piers Morgan. The star recently revealed he had officially ended his six-year marriage, and it was claimed at the time that they had been living separate lives for almost a year. But now Piers has claimed to the Mail on Sunday that the couple TOLD him about the marriage breakdown at a party last summer.

Kim Kardashian looks rather different in a new pic with sister Kourtney Kardashian.

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Kim looks very different Fans questioned why the star's face appeared puffy in a bathroom selfie posted on Instagram today. The brunette beauty can be seen pouting with her hair up while wearing all black as she showed off her post-baby body with her sibling in a matching turtle neck and trousers.