Connect with us

Business

NPA Pensioners Hold Prayer Over Arrears

Published

on

Some pensioners of Nigerian Ports Authority (NPA) converged at the organisation‘s staff club in Lagos to offer prayers for the success of the current management led by Ms Hadiza Usman.
The Tide source reports that the prayer session, which started around 10.00 a.m on Friday lasted for about 50 minutes and was led by both Islamic and Christian clerics.
The pensioners particularly prayed for good health of the managing director and God‘s guidance in her efforts to reform the organisation to its old glory.
They also prayed that God should provide the management with all the means to be able to pay their pension arrears and entitlements as promised by the managing director.
Speaking to our resource shortly after the prayers, the spokesman for the ‘Concerned NPA Pensioners, Mr Ayo Binitie, said the prayers were due to the new-found understanding between them and the management.
He said they had,on March 15, staged a protest  at the headquarters of the organisation to demand for the payment of their 10-year pension increment arrears, but were impressed with the reception by the management.
Binitie said the sincerity of purpose of Usman and her promise to pay the arrears informed their decision to pray for the management and work with them to succeed.
“We staged the protest to ask for our entitlements in line with the constitution that pensions should be increased every five years; the normal arrears we have not been paid for 10 years.
“But interestingly enough, the management conceded to our request and  they promised to take the appropriate action within three weeks.
“We believe this management, led by Usman, is showing some sincerity of purpose and that we need to support them and work with them to achieve their goals for the organisation.
“So, this prayer session is part of that show of support and we will continue to make ourselves available  to the management for advice and inputs on how to move NPA forward,” he said.
Asked what the pensioners would do if the management failed to fulfill its promise to pay at the expiration of the three weeks, Binitie said it was not necessary to think otherwise.
He said he had no doubt that the management would honour the “gentleman’s agreement’’ it had with them and that all pensioners were anxiously waiting for that to happen.
Binitie commended Usman for the steps she had taken so far, saying it required a person of courage like her to clear the mess in the organisation.
“The port industry is our farmland and is also our cattle. If we must earn well and live well, we need to protect it.
“This is why we gathered here in the solemn assembly to pray for the leadership of this great country and the leadership of the port industry for divine protection,’’ he said.
Another pensioner, Mr Bode Akinbote, said that the prayers were to reciprocate the open hands with which the management received them.
He said the pensioners trusted the ability of Usman to deliver, adding that they would offer any form of support for her to succeed.
A retiree from the Marine Engineering Department of NPA, Mr Anthony Ukunebi urged the management to be focused in line with existing NPA regulations.
Ukunebi said that if management was not focused, it could lead to misappropriation of resources.
“When we were in operation before the concession, we had a lot of workforce, but activities of concessionaires had reduced the workforce in the marine department,’’ he said.

Continue Reading

Business

PENGASSAN Tasks Multinationals On Workers’ Salary Increase 

Published

on

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has asked companies in the oil and gas sector to undertake urgent review of salaries of their workers in view of the prevailing harsh economic conditions in the country.
Also, the pensioners of Chevron Nigeria, under the aegis PenCoN, have lauded the President of PENGASSAN, Comrade Festus Osifo and his executive on their unrelenting efforts toward addressing pension abnormalities faced by retired workers in the oil and gas industry.
The association also appealed to the federal government to take necessary measures to check banditry and terrorist activities in parts of the country.
PENGASSAN President, Osifo who addressed journalists shortly after the National Executive Council meeting of the association in Abuja, at the weekend, said that though a lot of success has been recorded in negotiating salary reviews for its members, there are still organisations that have failed to lift their workers from the present harsh economic situation.
He said within this period, PENGASSAN has signed numerous Collective Bargaining Agreements (CBAs) which has brought smiles to the faces of its teeming members.
“This is because we recognise that our job, literally, is how to protect the job of our members, and how to enhance their pay,” he said.
Osifo said that operators in the oil and gas sectors always go for the best qualified professionals to carry out their operations.
“So, the same way they recruit the best, we also challenge them to provide the best condition of service and provide the best remuneration.
“Yes, today, a lot of companies will have achieved successes, but there are still few that we are still discussing at their CBAs, that we are not yet there.
“We still use this opportunity to call on these companies that are still foot dragging, that are still holding back, even with the massive devaluation that has occurred in our country, that still don’t want to fix the remuneration of our members.
“We are calling on them to do the needful, because for us in PENGASSAN we will push without holding back. We will push, using everything in our arsenal, to ensure that the needful is done,” he said.
Osifo spoke of the dispute with the Dangote Refinery group, saying there are still pending issues to be resolved.
“Gentlemen of the press, during the networking session, we also looked at the issues that are plaguing some of our branches, and you know that recently, we had some challenges in Dangote Refinery and PetroChemicals Ltd.
“And within this period, since our last National Industrial Action, we have been engaging them in a lot of conversations, but the issues are not fully resolved. There are still a lot of pending issues.
“Yes, the NEC decided that, yes, let us still consummate that process by pushing those issues, by engaging in dialogue to resolve the issues, and by also engaging all our social partners and stakeholders to get the issues resolved,” he said.
Continue Reading

Business

SEC Unveils Digital Regulatory Hub To Boost Oversight Across Financial Markets

Published

on

The Securities and Exchange Commission (SEC) has launched the Regulatory Hub, a new centralized digital platform designed to streamline collaboration, strengthen oversight, and improve transparency across Nigeria’s financial and capital market ecosystem.
The Commission disclosed this in a statement posted on its website.
According to the commission, the platform connects key regulatory and security institutions including the Office of the National Security Adviser (NSA), the Central Bank of Nigeria (CBN), Economic and Financial Crimes Commission (EFCC), Federal Inland Revenue Service (FIRS), and Corporate Affairs Commission (CAC), enabling them to exchange information securely and in real time.
The launch of this regulatory hub comes ahead of the implementation of new tax laws in January 2026, with agencies such as the FIRS spreading its tentacles across sector to monitor compliance.
According to the SEC Director-General, Emomotimi Agama, the launch marks a significant step toward modernizing Nigeria’s regulatory framework through technology.
“The Regulatory Hub is a major step in our commitment to leverage technology for stronger regulatory synergy. By connecting regulators on one platform, we are building resilience, enhancing market integrity, and promoting investor confidence,” he said.
The SEC said the platform would help reduce bottlenecks in regulatory processes and facilitate faster, more informed decision-making across agencies.
Reinforcing the DG’s comments, the Executive Commissioner, Operations, Bola Ajomale, highlighted the operational benefits of the new system.
“The platform will significantly improve the timeliness and quality of regulatory decision-making. It provides a single window for regulators to share data, respond to requests, and collaborate seamlessly in safeguarding our financial and capital markets,” he said.
The commission believes the Regulatory Hub would support its broader mandate to strengthen investor protection, enhance market stability, and harmonize regulatory activities across the financial sector.
It urged stakeholders to initiate interest by emailing the Commission, adding that once registered, participants would be able to access the Hub and take advantage of its features.
Continue Reading

Business

NAFDAC Decries Circulation Of Prohibited Food Items In markets …….Orders Vendors’ Immediate Cessation Of Dealings With Products 

Published

on

The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing circulation of banned food products across markets in the country.
The agency, in a Press Release dated 6 December 2025, warned that these items including pasta, noodles, sugar and tomato paste are expressly listed on the Federal Government’s Customs Prohibition List and are illegal to import.
NAFDAC stated that the sale and distribution of such prohibited items violate national trade laws, compromise the integrity of Nigeria’s food control system, and pose significant public health risks, as they have not undergone the agency’s mandatory safety and quality evaluations.

Importers, market traders, and supermarket operators have therefore, been directed to immediately cease all dealings in these items and to notify their supply chain partners to halt transactions involving prohibited products.

The agency emphasized that failure to comply will attract strict enforcement measures, including seizure and destruction of goods, suspension or revocation of operational licences, and prosecution under relevant laws.

The statement said “The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing incidence of smuggling, sale, and distribution of regulated food products such as pasta, noodles, sugar, and tomato paste currently found in markets across the country.

“These products are expressly listed on the Federal Government’s Customs Prohibition List and are not permitted for importation”.

NAFDAC also called on other government bodies, including the Nigeria Customs Service, Nigeria Immigration Service(NIS) Standards Organisation of Nigeria (SON), Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigeria Shippers Council, and the Nigeria Agricultural Quarantine Service (NAQS), to collaborate in enforcing the ban on these unsafe products.

By: Lady Godknows Ogbulu
Continue Reading

Trending