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Depositors Hail Banks On ATM Services

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Some bank customers in Lagos have commended banks for uninterrupted services at their Automated Teller Machines (ATMs) during the long holidays.
The customers spoke in separate interviews to newsmen that monitored the performance of the ATMs in parts of Lagos during the holidays.
The Tide source reported that the correspondents visited Anthony, Gbagada, Onipanu, Shomolu, Bariga, Ikorodu Road and Ikeja, among others.
Our source added that the correspondents reported that the performance of the ATMs was generally average as some had problems paying customers.
Some ATMs displayed “out of service” message on their monitors, while others were unable to dispense cash due to network problems.
“I don’t usually come to the ATM on a public holiday because I know the usual rush by this time but needed to come in order to prepare for work and also pay my children’s school fees.
“I also commend the bank for being up and doing because it is very unusual on a public holiday to get cash from the ATM,” Adeola Oyelami said.
Oyelami said he was also impressed by the speed at which the ATMs were working.
An artisan, Mr Opeloyeru Adekunle, said he liked situations when there were few customers on queues at the ATM stands, saying that he was always convenient with using the ATMs on holidays.
According to him, seeing more people at the stands ward off criminals in such places.
He urged banks to ensure they filled the machines with higher denominations so that customers would not be afraid of carrying the money in order not to attract criminals after using the stands.
“I came down from a commercial bus and I was motivated to use the ATM because of the few people on the queues.
“The only problem I have is when the ATMs are dispensing N500 instead of N1,000 notes.
“The banks should be conscious of this and ensure that they put more of the higher denominations in the trails so that customers’ hands or pockets won’t be bulky after using the ATMs,” he said.
Mrs Aishat Akorede, a businesswoman, commended banks for ensuring that customers could easily get cash from the ATMs on public holidays.
“I have been at home since morning with the thought of whether to come or not, not until when my neighbour came home with the good news that he got cash from an ATM down the street without stress.
“I also heard similar stories from passersby of how easy it has been for them to get cash at the various ATMs they went to,” she said.
Akorede, however, urged banks to ensure that customers would not need to queue for long hours before getting cash from the ATMs.

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Aviation Workers Issue Strike Notice To NiMET

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Aviation workers unions have given a 14-day notice of strike to the Nigerian Meteorological Agency (NiMET) for failure to implement consequencial adjustment wage for its workers.
This, consequently, means another round of disruption in the aviation industry as three workers’ unions have threatened to ground operations at the Nigerian Meteorological Agency over the wages, and failure to implement the minimum consequential adjustment wage.
The unions, which include the National Union of Air Transport Employees (NUATE), the Association of Nigeria Aviation Professionals (ANAP) and the Amalgamated Union of Public Corporations, Civil Service Technical and Recreational Services Employees.
The unions in a letter of notice of strike, which was made available to aviation correspondents, gave the agency’s management a 14-day ultimatum to implement the minimum wage adjustment or they would embark in strike action.
This is also coming barely a week after the workers of the Nigerian Aviation Handling Company PLC( NAHCO) downed their tools over wages.
The strike notice to NiMET is also coming up in the sector, irrespective of the recent order given by the ministry of aviation, prohibiting any form of strike in the sector, as aviation industry is viewed as essential service.
The unions have accused the NIMET’s management of ‘wickedness’ over its failure to implement the minimum wage consequential adjustment despite its implementation in other five aviation agencies in the sector, since February 2022.

The letter dated January 26, 2023, was jointly signed by the General Secretary, NUATE, Ocheme Aba; the General Secretary AUPCTRE, Sikiru Waheed; and the General Secretary of ANAP, Abdul Rasaq Saidu, and was addressed to the Director-General of NiMET.

By: Corlins Walter

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New Seme Customs Controller Vows To Sustain Tempo

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The newly deployed Area Controller, Nigeria Customs Service (NCS), Seme Border Command, Compt. Dera Nnadi, has assumed duty with a pledge to sustain and improve tempo of trade facilitation at Nigeria’s busiest land frontier.
Speaking at a brief handover ceremony, Nnadi, who described Nigeria as a strategic economic player in Africa, said schemes like ongoing ECOWAS Trade Liberalisation Scheme (ETLS) and soon to take off African Continental Free Trade Area (AfCFTA) would be explored for common good.
According to the new CAC, Nigeria’s economy is central to the West African sub-region with a population of over 200 million, with the country having potentials to contribute to the over 1billion African population through the AfCFTA regime
He urged his operatives, other government agencies, members of the border community and travellers to embrace challenges of trans border trade and comply with the law guiding trans border trade all the time.
Nnadi, who noted that border communities have challenges that are not insurmountable, added that there is need to cover infrastructural gaps that will improve their standards of living and promote lawful sources of livelihood.
Ahead of the 2023 elections, he advised his officers to be polite to travellers and traders using the Seme corridor and be firm in curbing any form of lawlessness.
He said his experience and knowledge from previous assignments across the border and his academic exposures will be deployed to border administration
While promising to interact closely with  traditional rulers and other members of the border area, he solicited closer stakeholder interactions at strategic and operational levels.

By: Nkpemenyie Mcdominic, Lagos

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Kaduna Refinery Rehabilitation: NNPCL, Daewoo Sign N342bn Deal

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A contract sum of $740.67million has been signed between the Nigerian National Petroleum Company Limited (NNPCL) and Daewoo Engineering and Construction Nigeria Limited for the rehabilitation of Kaduna Refining and Petrochemical Company Limited (KRPC).
A release from the NNPCL revealed that the signed contract of $740.67million (N341.48billion as at Friday’s official exchange rate of N461.04/$) was signed at the Abuja headquarters of NNPC, and will last for 21 months.
According to the release, the quick-fix strategy would see to the repairs and re-streaming of KRPC, as well as ensure its operation on a sustainable basis at a minimum capacity utilisation of 60 per cent.
In the released statement, the Executive Vice President of the downstream of the national firm, Adeyemi Adetunji, was quoted as saying that the contract is marked a milestone in the history of KRPC, considering the fact that the last Turn Around Maintenance on the refinery occurred about 15 years ago, and that the project was framed after extensive engagement with Daewoo.
“This project shall be executed in three work packages as a maintenance services contract by Daewoo E&C Nigeria Limited at an estimated maximum cost ceiling of $740,669,600, with a duration of 21 months.
”The quick-fix strategy guarantees the fastest route to re-streaming Warri Refining and Petrochemical Company (WRPC) and KRPC for in-country production of refined petroleum products.
“Restoring WRPC and KRPC back to operation will guarantee energy security for the country, reduce dependence on imported petroleum products in view of near total dependence on supply of imported petroleum products and the impact the ongoing Russia-Ukraine war is having on global supply”.
“The proposed quick-fix initiative on KRPC is expected to restore it to a minimum of 60 per cent of its nameplate capacity by fourth quarter of 2024. NNPC Limited is using a combination of Internally Generated Revenue and third party financing to execute the repairs of the refineries”, he stated.
Also in the release, Adetunji noted that the rehabilitation of the Port Harcourt Refining Company had progressed considerably.
”The old refinery is currently at 64 per cent completed and the plant is expected be back in operation in second quarter of 2023, while the entre PHRC rehabilitation project currently stands at about 59 per cent.
“On the other hand, WRPC quick-fix project has achieved 28 per cent completion and is expected to be re-streamed by the end of this year”, it stated.
The statement further maintained that Nigeria should be self sufficient this year with respect to the domestic production of Premium Motor Spirit, popularly called petrol.

By: Corlins Walter

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