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Why we sent staff on compulsory leave without pay – Azman Air

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Azman Air has sent all of its staff on a compulsory leave without pay, indefinitely.

Speaking with newsmen, Nurudden Aliyu, the airline’s spokesperson, said the decision was made due to a number of factors, including the ongoing C-checks on its aircraft and the high cost of operations.

In aviation, C-check is a deep inspection of the majority of an aircraft’s components usually done by a maintenance technician. The goal is to check the functionality of the plane.

“We have temporarily suspended the operation and it was due to all our 737 we are using for domestic operation are due for C-checks,” Aliyu said.

“We have already sent two of them to a maintenance facility in Turkey, but unfortunately, since we sent the aircraft there, there is a queue in the maintenance hanger and they were not able to finish in time.

“The other two we are using here are also due for maintenance and we are trying to send them for C-checks also.

“Also, one of the aircraft has achieved 90 percent completion so we are expecting two of the aircraft to be back in October.”

AZMAN AIR FACING FINANCIAL CONSTRAINTS’

Aliyu further said the airline is facing financial difficulties due to a lack of revenue, explaining that sending workers on leave without pay was a way to cut costs.

“We have been doing on-and-off operations since March, sometimes with one aircraft. So we decided, due to this harsh situation, to temporarily suspend domestic operation until we put our house in order,” the spokesperson said.

“We are not going to employ another set of people, we are going to engage them that’s why in the mail sent to them we gave them assurance that once the situation normalises, they will be called upon.

“The only problem is that we didn’t state the date of resumption. Like I said, since March that we have been doing on-and-off operation, we have not denied anybody salaries, we have been consistent in that regard but the burden became too much on the company since there is no revenue, that’s why we decided to suspend operations.”

‘WORKING TO REFUND CUSTOMERS FOR CANCELLED FLIGHTS’

In the past months, a lot of Nigerians have shared their ordeal with Azman Air, accusing the airline of cancelling their flights and refusing to make refunds.

Aliyu, speaking on the matter, said the airline has made it a priority to process the payment for those that have applied for a refund and that they hope to complete the process upon resumption.

“We are working on that and we are going to pay everybody. In fact, that’s what we are working on now, to pay those that have refund cases with us,” he said.

“The payment will be made to those that apply to get a refund. Once your flight is cancelled we have a refund form that customers are meant to fill. It’s only the customers that fill this form that can be refunded.

“We are determined to make payment to everyone we are owing and we hope to clear that upon our resumption.”

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Tinubu proposes two or three years interval to adjust minimum wages for Nigerian workers

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President Bola Tinubu recently proposed the idea of adjusting wages at shorter intervals of two or three years, instead of every five years.

He said this while expressing his concern for the welfare of Nigerian workers, whilst calling for realistic expectations regarding the minimum wage.

This was shared at a meeting with Members of organized labour on the new minimum wage at the State House, which had in attendance, the Secretary to the Government of the Federation, some ministers, heads of agencies, and aides to the president.

The meeting followed the president’s decision to engage more with stakeholders before making a definite decision on the matter.

According to President Tinubu,

“I pay attention to everything around me. A happy worker is a productive worker, and society depends on the productivity of the happy worker. You have to cut your clothes according to the available clothes.

“Before we can finalize the minimum wage process, we have to look at the structure. Why must we adjust wages every 5 years? Why not two? Why not three years? What is a problem today can be eased up tomorrow. We can take a surgical approach that is based on pragmatism and a deep understanding of all factors”.

The various stakeholders engaged in the discussion addressing the minimum wage affecting Nigeria’s economic challenges had this to say:

The President of the Trade Union Congress, Festus Osifo, said,

“As has been said in the meeting, we try to put issues on the table, issues that are biting Nigerians, the economic difficulties, and how the value of the Naira has also eroded.

“How this has affected the prices of commodities and goods in the market”.

The Nigeria Labour Congress Leader, Joe Ajaero, explained that in real terms, it was not a negotiation but a discussion which had reached an agreement. He noted that the status quo in terms of the amounts, N250,000 and N62,000, would remain until the conversation was finished.

The Minister of State for Labour and Productivity, Nkeiruka Onyejeocha emphasized the positive outcome of the meeting saying, “When father and children talk, you know what it is. That’s just exactly what has happened, and it took us almost like an hour. I believe that it’s all for good”.

The Minister of Information and National Orientation, Mohammed Idris in a similar vein, indicated that the president was keeping to his promise to consult.

He emphasized, “He doesn’t just want to take any decision. It’s a decision that affects all of us, so he is consulting with the sub-nationals. Consultation with the organized private sector is ongoing. You have also seen that this consultation with organized labour has also happened today. They’ve asked for a week. Like I said earlier, we’re going to meet with them again. Hopefully, we’ll have something that all of us will agree on.

Albeit, Nigerians will be looking forward to next week when these engagements will be concluded, and a decision taken.

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Naira falls to N1,561/$ in official market — lowest in three months

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Naira appreciates to N1,419/$ at official market

The Nigerian naira fell to N1,561 against the dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Wednesday.

The rate represents a loss of 1.88 percent from the figure (N1,532) recorded on July 9.

According to data from FMDQ Securities Exchange, a platform that oversees foreign exchange (FX) trading in Nigeria, the local currency hit an intra-day trading high of N1,585 and a low of N1,475.

The current FX figure represents the lowest since March 18 when the naira exchanged at N1,572 to the greenback.

At the parallel section of the market, the local currency traded at N1,550 on Wednesday — depreciating by 0.65 percent from N1,540 on July 9.

Currency traders, known as bureau de change (BDC) operators, quoted the buying rate at N1,530 and the selling price at N1,550 — leaving a profit margin of N20.

TWO-DAY DEPRECIATION

The local currency has witnessed marginal fluctuations in both the parallel and official markets within the last two days.

At the official market, the local currency depreciated to N1,523 on July 8 — from N1,509/$ on July 5 — and further tumbled to N1,532 on July 9.

It recorded a marginal appreciation to N1,523 per dollar on July 8 at the parallel market — from N1,525 on July 5.

However, the rally was quickly reversed on July 9, with the currency sliding to N1,540.

The two-day depreciation of the naira comes amid a recorded a rise in the external reserves of Nigeria.

The external reserves of one of Africa’s largest economies increased to $35.05 billion on July 8 — the highest since May 30, 2023.

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Iwalewa Davies Launches New Entertainment Venture “Iwalewa Unlimited” with “Cocktail of Fun”

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Iwalewa Davies, a distinguished serial entrepreneur and mass communicator, is thrilled to announce the launch of her new entertainment platform, “Iwalewa Unlimited.”

This exciting venture will host a monthly event series called “Cocktail of Fun,” designed to bring together people who are passionate about fun, music, and socialising.

In a message, Yeye Davies expressed her enthusiasm for the new project, stating, “After a series of deliberations, I have concluded that a gathering of happy people seeking unlimited fun will not be a bad idea. ‘Cocktail of Fun’ is my new baby, and I am also using this moment to inform you about the birth of ‘Iwalewa Unlimited.'”

The debut event of “Cocktail of Fun” is set to take place on Wednesday, 31st July, at the exclusive Bite Billionaires Lounge on Adeniyi Jones, Ikeja.

This launch event promises an evening filled with entertainment and networking opportunities as attendees “meet, merry, and connect.”

As part of the celebration, Iwalewa Davies has carefully selected three of Nigeria’s fastest rising musicians—Precious Adedoyin, Ola Liberty, and Tunde Stainless—to perform live.

“What is Iwalewa Unlimited without a live band?” she remarked. “Trust me, the night is going to be fun-filled.”

Future events hosted by Iwalewa Unlimited will continue to feature a diverse array of talented artists, ensuring that each gathering offers a unique and memorable experience.

The event is supported by Otunba Femi Davies, City People Entertainment, MetroNews Media Hub, Freelanews, John Friday Entertainment, Tobi Dash, Dejaai and a host of others.

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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