Business
NUPENG Suspends Planned Strike As Fuel Queues Surface
The leadership of the Nigeria Union of Petroleum and Natural Gas workers on Sunday announced the suspension of the intended withdrawal of the services of Petroleum Tanker Drivers earlier scheduled to commence midnight of Sunday, October 10.
It was, however, observed that queues by motorists surfaced in various parts of Abuja on Sunday as hundreds of petrol seekers besieged fillings stations in a bid to purchase the commodity ahead of the planned strike action.
NUPENG said the suspension of the planned strike was due to the understanding reached with the union by the management of NNPC at a meeting held in Ibadan, Oyo State on Sunday.
It said the suspension was also due to the expected outcome of the follow-up meeting between the union and NNPC scheduled to hold on Tuesday, 12, October 2021 in Abuja as contained in a communique.
NUPENG’s General Secretary, Afolabi Olawale, stated that the suspension of the planned industrial action was predicated on the union’s belief that the understanding reached with the government would be fulfilled to the letters.
“We wish to clearly make it known to all well-meaning Nigerians that have variously appealed to us on these issues that our planned industrial action was not intended to inflict further pains on Nigerians but to ensure observance of minimum safety on our highways for the good of lives and properties,” he told our correspondent.
The union said it was well aware of the impacts its actions usually had on the people, businesses and the nation at large but it could not continue to watch as things continue to degenerate in the industry.
The union further stated that it would not hesitate to recommence the action without any notice if the understanding reached in these two meetings were not fully implemented within the timeframe agreed.
The Punch
Business
Naira Gains Against Dollar, Trades at N1,453/$1
The Naira continued its appreciation at the official market on Thursday, March 21, 2024 to close at N1,453.28/$1, according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM).
This represents an appreciation of N39.33 when compared to the N1,492.61/$1 it closed on Wednesday, March 20, 2024.
The intraday high was N1,598/$1, while the intraday low was N1,300/$1, representing a wide spread of N298/$1.
Similarly, the Naira appreciated against the dollar at the parallel window to trade at N1,500/$1, this represents an appreciation of N20.00 as against the N1,520 /$1 it traded the previous day.
The Naira also appreciated slightly against the British Pound to trade at N2,000/£1 as against the previous trading day’s price of N2,020/£1 representing a gain of N20 for the local currency.
The Canadian dollar, however, closed flat against the naira to trade at N1,270/CA$1 same as the N1,270/CA$1 it traded the previous day representing a decline of N20 in the local currency.
The Naira gained N30 against the Euro to trade at N1,670/€1 as against the previous closing price of N1,700/€1.
Business
Global Money Week: MoneyMaster PSB Trains Students on Savings Culture
2024 Global Money Week: MoneyMaster PSB trains students on savings culture
MoneyMaster Payment Service Bank Limited (MMPSB), Nigeria’s leading payment service bank, is poised to train 5,000 students on the need to embrace savings and investment culture in commemoration of the 2024 Global Money Week.
Tagged “Catch them Young” experiential campaign, the programme aims to have the students drawn from schools in Nigeria participating in the week-long financial literacy training in the bank’s coordinating centres across 10 participating states of the Federation.
In the same vein, MMPSB will equally engage teachers and enlighten them on basic knowledge of savings and investment for future purposes.
The 2024 Global Money Week with the theme “Protect your money, secure your future,” is billed for March 18 to 24, 2024.
MMPSB disclosed in a press release that it was committed to the provision of top-notch banking services to its customers at all times, including payment services through wallets, savings, individual and business accounts, as well as provision of a platform for customers to buy airtime/data, pay bills and subscribe to cable television, amongst others.
“As part of the week-long celebration, MoneyMaster PSB will also be releasing thought leadership videos on safety and security on how banking customers can protect themselves. These videos will be shared to its customers via direct email and also on its social media handles for the benefit of the general public,” the bank further said.
Global Money Week is an annual event which creates global awareness-raising campaign on the importance of ensuring that young people, from an early age, are financially aware, and are gradually acquiring the knowledge, skills, attitudes and behaviours pivotal to making sound financial decisions and ultimately achieve financial well-being.
This year’s edition is focused on safe money management, and the importance of adopting a responsible and informed approach to personal finance, by being aware of potential risks in the financial sector and protecting one’s hard-earned money.
Business
Fidelity Bank Shares 3000 Food Packs Among Residents of Zamfara Community
Leading Financial Institution, Fidelity Bank Plc has distributed over 3000 food items to vulnerable households and less privileged families in Gusau, Zamfara State.