Business
No November salary for workers without valid residents registration number, says Kwara state government
The Kwara State Government has urged public sector workers yet to register with the Kwara State Residents’ Registration Agency (KWSRRA) to do so immediately because anyone without it will not get the salary or bonuses in November.
The state commissioner for finance, Dr Hauwa Nuru, disclosed this in a statement in Ilorin on Monday, stating that the registration started in July.
The KWSRRA, she said, is empowered by law to have relevant data on every resident in the state and allocate unique identities to each person for effective planning, resource management, service delivery, and public safety, among others.
“In line with the administration’s commitment to accountability and transparency in resource administration, a directive had since been issued mandating all state employees, including those across the 16 local government areas, to complete their registration.
“Effective from November, workers who have not registered will not receive salary payments or bonuses,” she said.
The commissioner noted that the KWSRRA registration was a vital step towards establishing a comprehensive and accurate database that enables us to serve Kwara residents more effectively, and ensuring that every state worker is registered strengthens our payroll system, enhances service delivery, and builds trust in our processes.
“The integrity of our data impacts all our financial and administrative systems.
“A complete database helps us make informed decisions, allocate resources efficiently, and ensure that every eligible worker is compensated fairly and accurately,” she added.
”All state employees who have not yet registered are advised to do so,” she said.
She urged all the state employees who are yet to register to promptly visit the nearest KWSRRA centre to complete their enrolment.
“By following this directive, Kwara government is working to establish a more efficient and equitable system for its workforce and residents alike,” she said.
Business
UBA appoints Henrietta Ugboh as independent non-executive director
The United Bank for Africa Plc (UBA) has announced the appointment of Henrietta Ugboh as an independent non-executive director.
In a statement on Wednesday, UBA said the appointment has been approved by the necessary regulatory bodies, including the Central Bank of Nigeria (CBN).
UBA also announced the retirement of Owanari Duke, an independent non-executive director who joined the UBA Group board in October 2012.
Tony Elumelu, chairman of UBA, said Ugboh brings experience and expertise, which includes commercial banking, credit, and risk management to the UBA board.
“Henrietta Ugboh brings a track record of professional success, integrity and leadership, which will further strengthen the UBA Group Board, underlining once again the Group’s commitment to robust corporate governance,” Elumelu said.
According to the bank, Ugboh holds a degree in Economics and Statistics from the University of Benin, an MBA from ESUT Business School, and is an alumna of Harvard Business School’s executive management programme.
UBA also said Ugboh has over 30 years of experience in banking with Citibank and is an honorary senior member of the Chartered Institute of Bankers of Nigeria (CIBN) and a fellow of the Institute of Credit Administration (FICA).
Business
MultiChoice Nigeria loses 243k subscribers in six months, blames inflation
Multichoice Group, an African pay-TV operator, says its Nigerian subsidiary lost 243,000 subscribers across its DStv and GOtv services between April and September 2024.
In its financial result for the year ended September 30, 2024, published on Tuesday, MultiChoice said high cost of food, electricity, and petrol have forced many of its customers to ditch their decoders.
The company said Nigeria and Zambia recorded the largest share of subscribers loss.
It added that the pressure on its subscriber base in Rest of Africa (RoA) operations continued from the previous year leading to a loss of 566,000 subscribers across the operations in the six months under review.
“The group’s linear subscriber base declined by 11% or 1.8m subscribers YoY to 14.9m active subscribers at 30 September 2024,” MultiChoice said.
“The loss in the Rest of Africa has been primarily due to the significant consumer pressure in Nigeria, where inflation has remained above 30% for the majority of the last 12 months and, more recently, due to extreme power disruptions in Zambia.
“Of this decline, 298k related to Zambia and 243k related to Nigeria, with remaining markets on the continent reflecting only a minor decline of 25k.”
On foreign exchange (FX) rate, the company said the continued depreciation of the naira against the dollar has resulted in further losses on non-quasi equity loans.
“The group held USD11m in cash in Nigeria at period-end, down from USD39m at end FY24, a consequence of consistent focus on remitting
cash, the impact of translating the balance at the weaker naira and the write-off of the USD21m receivable relating to the cash held with Heritage Bank before its license was revoked and the bank was liquidated,” MultiChoice said.
‘COMPANY FACING MOST CHALLENGING CONDITIONS’
Commenting on the company’s results, Calvo Mawela, MultiChoice group chief executive officer (CEO), said the company is facing its most challenging operating conditions in almost 40 years.
To generate returns, Mawela said the company has been “proactive in its focus to right-size the business for the current economic realities and industry changes”.
He said while operating across Africa “typically subjects the group to currency moves, abnormal currency weakness over the past 18 months has reduced the group’s profits by close to R7 billion”.
“Combined with the impact of a weak macro environment on consumers’ disposable income and therefore on subscriber growth, it required the Group to fundamentally adjust its cost base – which is exactly what has been done,” he said.
“We are making good progress in addressing the technical insolvency that resulted from non-cash accounting entries at the end of the last financial year.
“We expect to return to a positive net equity position by the end of November this year, supported by a number of developments and initiatives. The Group’s liquidity position remains strong, with over ZAR10bn in total available funds.”
On May 1, MultiChoice implemented an increase in subscription prices for DStv and GOtv packages — despite the tribunal ruling against it on April 25.
Business
NCAA to sanction pilots working for multiple airlines, says it ‘violates regulations’
The Nigeria Civil Aviation Authority (NCAA) says it will sanction pilots working for multiple airlines.
In a letter dated November 6, 2024, and addressed to all aircraft operators, titled ‘Prohibition of Ad-Hoc Flight Operations for Multiple Airlines,’ Chris Najomo, the NCAA acting director-general (DG), said the issue was uncovered through the aviation authority’s surveillance reports.
“It has come to the notice of the authority through our surveillance reports that licensed flight crew members utilize the privileges simulators and proficiency checks endorsed on their license to operate for multiple airlines,” the letter reads.
“The Flight Simulator Training Device/facility approved by the Authority is operator specific based on the training program and the Standard Operating Procedures (SOP) for such an operator.”
According to Najomo, when pilots work for multiple airlines concurrently, without considering the safety implications, it creates a risk for the industry.
He informed all operators and holders of pilot licences that the action will be treated as a violation of the Nigeria Civil Aviation Regulations.
“The authority will take appropriate enforcement action on violators of this directive, effective from November 11, 2024,” he said.
The acting DG added that simulator renewals will now be directly tied to the operators.
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