News
NLC To Picket Turkish Airline
The national secretariat of the Nigeria Labour Congress has ordered its members in Lagos State to shut down Turkish Airlines in the state on Tuesday over the sacking of seven of its members.
The NLC stated that it would ensure the picketing of the airlines until its management reinstates the affected workers.
According to an NLC statement signed by the union’s General Secretary, Chris Uyot, on Monday, the NLC noted that seven of its members working with the airlines were sacked for unionising under the umbrella of the National Union of Air Transport Employees.
In April, NUATE threatened to picket airlines operating in the country after they had refused their staff the opportunity to join trade unions of their choice.
NUATE said such an act was against labour law for some airlines to make employment conditional upon not joining a trade union, adding that those who threaten workers with sacks, if they join unions, are working against Nigerian laws.
Aside from the seven persons earlier sacked, the NLC noted that it has gathered that the airline is attempting to lay off four other members of the union.
“By the above action of unjustifiable dismissal of their workers, the management of Turkish Airlines has put to waste 10-14 years of service. And this fate has befallen these hapless workers purely on account of exercising their constitutional rights to belong to a trade union. Congress will not tolerate this situation.
“Therefore, the Lagos State Council of NLC is hereby directed to commence picketing of Turkish Airlines in Lagos with effect from Tuesday 21st May 2024 until all staff of Turkish Airlines who have been sacked, dismissed, forced to abandon duty, or forced to resign under duress, including those victimised for their union membership in 2020, have been fully restored to their jobs without any losses of any kind.
“All affiliate unions in aviation are particularly charged to mobilise heavily for the picketing action without fail, please.” the union’s statement read partly.
Meanwhile, the union further stated that the Federal Capital Territory Council would be standing by in case “the need arises to escalate the matter to the Abuja airport.”
By Kayode Sanni-Arewa
Prince Funso Ayeni, an Ikole born philanthropist and politician has donated the sum of N1,000,000 for the support of one Esther Fisayo Aluko Medical needs.
Fisayo Aluko, an Indigene of Ikole LGA part of Ekiti State is currently in need of fund running to millions of Naira to carry out a kidney transplant.
Prince Funso Ayeni made his support known via a Whatsapp platform created for the Indigenes of the LG.
“Good afternoon great citizens,
I am Prince Funso Ayeni (PhD)
I am deeply touched by the condition of Esther Fisayo Aluko, a young lady from Ikole Ekiti, battling kidney issue.
On behalf of myself, my family, and the entire Funso Ayeni Foundation (FAF), I have donated ₦1,000,000 (one million naira) towards her medical treatment ( receipt attached).
“I also appeal to our brothers and sisters from Ikole Local Government, both in and out of government, to rally their contacts and resources to support this urgent cause.
“Together, we can give Esther a chance to live a healthy life again.
By Kayode Sanni-Arewa
The naira is exchanging for ₦1,498 to 1 US Dollar at the parallel market (black market) in Nigeria.
This means that for every one dollar, you can get the equivalent in naira of ₦1,498 on February 26, 2025.
The black market rate signifies the value at which individuals can trade their dollars for naira outside the official or regulated exchange channels.
Note that the Black Market Exchange rate is typically higher than the official exchange rate because it is not regulated by the government
Today’s February 26 exchange shows that the naira has improved against the dollar, as it strengthened compared to what it traded on Tuesday, February 25, when the naira exchanged ₦1,499.
The value of any nation’s currency is determined by aggregate supply and demand.
The forces of supply and demand are themselves influenced by a number of factors, including interest rates, inflation, capital flow, and money supply.
The most common method to value currency is through exchange rates. The two main exchange rate systems are fixed rate and floating rate systems.
Investors and participants closely monitor these parallel market rates for a more immediate reflection of currency dynamics
By Kayode Sanni-Arewa
The Chairman of FBN Holdings, Femi Otedola, has hosted music icons Burna Boy and Wizkid at his Lagos residence.
Otedola disclosed this in a post on his X handle on Wednesday.
Sharing a photo from the gathering, Otedola described the meeting as a privilege, expressing admiration for the impact of Afrobeats on the global stage.
He wrote, “A true privilege to host some of our biggest music icons @wizkidayo @burnaboy at my Lagos home. Always inspiring to share ideas and celebrate the global movement that is Afrobeats …F.Ote”.
Reacting to the post, Netizens applauded the gathering, describing it as a gathering of talent and vision
An X user, Ken Giami, who tweets as #ken_giami, “An incredible gathering of talent and vision! Afrobeats continues to shape global culture, and it’s always inspiring to see icons like #wizkidayo and #burnaboy leading the movement. Here’s to more growth and global impact!
Funso Ayeni donates N1m, appeals to citizens to support Fisayo Aluko medical needs
Naira again falls against Dollar – February 26
Billionaire Otedola Hosts Burna Boy, Wizkid, At Lagos Residence (Photos)
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