₦airaland Forum

lalasticlala oohhhhhhhhhhhhhhhhh

Sacluxpaint:
I never see for Lagos o abi fashola seize am?

Minister of Darkness is involved.

samtee37:
I can't find any eclipse here in osun... Or was it because Buhari came.

Buhari has taken it

The eclipse

Students from various schools trying to catch a glimpse of the annular solar eclipse at National Space Research and Development Agency during the 2016 Annular Solar Eclipse in Abuja …. on Thursday. Photos: Olatunji Obasa.

See photos below:



http://punchng.com/photos-solar-eclipse-abuja/

abokibuhari:
you don change from zombie to wailers

if i hear.

abokibuhari:
wetin do you?

In Jenifa's voice "What i do"?

gbam

abokibuhari:
we are heading to Zimbabwe

SweetLove0:
Buhari why?

Change

Aviation unions besiege Aero Contractors over workers’ suspension

Aviation unions on Thursday besieged the head office of Aero Contractors Airline at the Murtala Muhammed Airport, Lagos in protest against the indefinite leave given to over 1,400 workers.

The action is coming against the background of the suspension of flight operations which the airline announced would commence on Thursday.

The President, Air Traffic Services Senior Staff Association, Mr Benjamin Okewu, told newsmen on Thursday that the unions embarked on the measure following the indefinite leave given to the over 1,400 workers.

The other union whose members also stormed the headquarters of Aero Contractors is the National Union of Air Transport Employees.

The management of Aero Contractors had in a statement issued on Wednesday in Lagos, announced that the airline would commence indefinite suspension of scheduled flight operations from September 1.

According to the statement, the suspension is part of the strategic business realignment to reposition the airline and return it to the path of profitability.

The management stated that the decision was due to the current economic situation in Nigeria, which had forced some other airlines to suspend operations or outrightly pull out of Nigeria.

http://punchng.com/aviation-unions-besiege-aero-contractors-workers-suspension/

buhari

Mariory:
No one's chasing anyone out no matter how hard you wish it. The current government will serve until 2019. Get used to it.

suffering and smiling.

Emekamex:
The stupid CBN has seen that the ban caused the naira to depreciate further to 420 naira to a dollar. It is better they see the long term impact of a policy before adopting it. Policy somersault and reversals within a short period scares away investors, policy stability is the key to economic growth.

YOU MIND THEM?

And we have people here defending them.

seunmsg:
Below is what CBN achieved with the ban.


“And the reason is because all of the banks after discussions and engagements under the auspices of the body of CEOs and the CIBN have all submitted credible repayment plans which we the CBN found acceptable.

How much is dollar today compare to 2015?

seunmsg:
Call her whatever you like, she remains the minister of finance of the country and God willing, she will remain so till 2019.

Also note that the finance minister does not meddle in the regulatory duties of the CBN over DMB'S, trying to drag her into a decision that was taken solely by the CBN is very wrong and unfair.

Oga, keep defending this government. Nigerians are suffering and time will come they will be force to chase whoever that's occupying Aso Rock out.

A stitched in time.

seunmsg:
CBN have their reasons for banning the banks from operating in the forex market and now that the banks have all submitted credible repayment plans which the CBN found acceptable, the best decision is to reverse the initial ban.

If CBN did not wield the big stick, would the erring banks have come up with a repayment plan? CBN had engaged these banks for over a year now without any meaningful result. Fact is, without the ban, the banks would have continued playing hide and seek with CBN and thereby denying Nigeria over $2.3billion revenue. We should commend the CBN for this and not keep abusing them for no reason. Government revenue is meant for government and not for banks to hold on to illegally.

The question here is why starting what you can't finish?

NIGERIAN GOVERNMENT. UNA FADA

seunmsg:
What's Kemi Adeosun's business with the decision of the CBN to ban erring banks from forex market?

Oga, can we talk about Nigeria Economy today without calling primary school teacher kemi?

Buhari has failed you. no vex

egbonnla:
Foolishness is when you act before thinking. The people running the economy of this country are jokers and will surely take this country on the road to Zimbabwe or Venezuela. The ill advised ban of these banks from forex market caused more harms than good. When I wrote last week that there is no way CBN will sustain the ban, some people were castigating me.
If only people know how bad our economy is now.............

Hmmm. I think you have a point my brother. The CBN banned those Banks from foreign exchange market for failing to remit the sum of 2.3 billion dollars belonging to NNPC to the Treasury Single Account But was due process followed? Emefiele and Kemi Adeosun should better look before they leap.

The Central Bank of Nigeria has re-instated all the banks that were banned from the foreign exchange market, the Director, Banking Supervision, Mrs Tokunbo Martins, has said.

She said this on Wednesday in Abuja at a media briefing, stating that the decision was reached after a series of meetings with the body of bank Chief Executive Officers and the Chartered Institute of Bankers of Nigeria.

“Well, we have had engagements with the body of CEOs and they have been interacting amongst themselves and I am happy to tell you today that the banks that were hitherto banned have been released from the ban.

“And the reason is because all of the banks after discussions and engagements under the auspices of the body of CEOs and the CIBN have all submitted credible repayment plans which we the CBN found acceptable.

“So as a result of that, all those banks have been re-instated in the foreign exchange market.”

The CIBN President, Prof. Segun Ajibola, said that the institute was very much interested in what was happening among all the industry players.

He added that under the aegis of the institute, the body of bank CEOs was now a formidable platform to look at issues that were pertinent to the industry and the economy, to ensure that stakeholders’ interest was protected.

“We will protect the interests of all our stakeholders and especially the bigger picture, which is Nigeria and its economy as a whole.

“So it is a happy development and I believe this will further help to strengthen our system and our economy.”

The Managing Director of Access Bank, Mr Herbert Wigwe, said that the body of bank CEOs under the under the auspices of the CIBN, aims to get banks to work together.

He said that this would ensure that anytime there was a serious issue in the market, bank CEOs could meet to look for a way to resolve them.

The CBN had on Tuesday banned nine Deposit Money Banks from the nation’s foreign exchange market for failing to remit the sum of 2.3 billion dollars belonging to NNPC to the Treasury Single Account.

The CBN then on Thursday re-admitted the United Bank for Africa Plc, saying it had remitted all outstanding NNPC/NLNG deposits in its possession to NNPC’s TSA at the CBN.

Cc: lalasticlala
http://punchng.com/cbn-re-instates-banks-banned-foreign-exchange-market/

PaulIdu:
In 1984 Hurricane Buhari came and swept the Nigerian economy to the stone age , in 2015 it came again to do same and is on course..Weldone Buhari

splenzard:
just when I think we've seen it all, it keeps getting worse

after surviving this administration, the Apocalypse would be a child's play for Nigerians

Change!!!

Aero Contractors Airlines, Nigeria’s second largest commercial carrier, has confirmed an exclusive report of The PUNCH by announcing the suspension of its scheduled services beginning from Thursday September 1, 2016.

On Monday, August 22, 2016, The PUNCH exclusively reported that the airline was set to lay off some of its workers due to its worsening financial crisis.

The report also noted that the carrier was in talks with aviation unions on how to cut down on the number of workers in its employ, after sources from the sector revealed that Aero was contemplating a suspension of its scheduled flight services.

Confirming this in a statement signed by the carrier’s management on Wednesday, Aero stated that the suspension was part of the strategic business realignment to reposition the airline and return it to profitability.

It stated that this “business decision”, which is a result of the current economic situation in the country, had forced some other airlines to suspend operations or pull out of Nigeria.

The management of the carrier said the airline had faced grave challenges in the past six months which impacted its business and by extension the scheduled services operations.

These factors, according to Aero, are both internal and external environmental factors that have made it difficult for it to continue its scheduled services.

It stated that during the period in review, Aero witnessed epileptic operations and services to the external public that were caused by non-alignment of fundamental issue of the business, which in some cases had been frustrating and embarrassing to all parties including staff, customers and indeed all stakeholders.

As part of its resolve to ensure the airline survived unlike most other carriers that experienced short life span in the country, AMCON had appointed Mr. Adeniyi Adegbomire SAN as Receiver Manager in February 6, 2016, with the aim of turning the airline around.

Since AMCON’s intervention in Aero Contractors in 2011, it had provided support for the airline to meet working capital requirements and fleet expansion.

These were to ensure the airline remains a going concern providing services to various clients and the general public.

But the airline noted that unfortunately, the operating environment within and outside the Aero had hindered any possible progress especially in the last six months when the naira depreciated against the dollar thus making it impossible for the airline to achieve its operational targets.

It started that with these realities coupled with protracted engagements with all relevant stakeholders, the management strenuously reviewed and assessed options and opportunities on ensuring viability, safety and sustainability of operations during the period with a lot of sacrifices.

The airline said, “The impact of the external environment has been very harsh on our operational performance, hence management decision to suspend scheduled services operations indefinitely effective September 1, 2016, pending when the external opportunities and a robust sustainable and viable plan is in place for Aero Contractors to recommence its scheduled services.

“The implication of the suspension of scheduled services operations extends to all staffs directly and indirectly involved in providing services as they are effectively to proceed on indefinite leave of absence during the period of non-services.

It added, “We are aware of the impact this will have on our staff and our highly esteemed customers, hence we have initiated moves to ensure that we are able to return back to operations within the shortest possible time, offering reliable, safe and secure operations, which the airline is known for.”



http://punchng.com/breaking-aero-confirms-punchs-report-suspends-scheduled-services-2/

VampireeM:
i'm proud of you Don..

Thanks dear.

shakaZuIlu:
the hopeless cursed primary school home economics teacher managing the economy called kemi adeosun product of incompetence and quota system should be ashamed of her useless self.

i wonder who compared that trash to Dr Iweala

as usual yorubas taught it's igbo vs yoruba thing
i pity them
suffering and smiling

That position is too big for Kemi to handle.

Now Where lalasticlala sef?

Splashme:
[size=20pt]O! Nigeria my country.
[/size]

My fantastically Nigeria