adplus-dvertising
Connect with us

Business News

Tambuwal expresses interest as PDP aspirants push for consensus presidential candidate

Published

on

Gov Aminu Tambuwal

Nigeria’s presidential contest for 2023 heats up as Governor Aminu Tambuwal of Sokoto State submitted his nomination and expression of interest form for the presidential election.

The Governor disclosed this through his spokesman, Dr Nicholas Msheliza and also revealed his support for a consensus candidate within the party, which he says is healthy for the party.

This comes as another Presidential candidate; Peter Obi also revealed support for a consensus candidate, which he said will promote fairness and inclusiveness in Nigeria’s multi-cultural landscape.

What Tambuwal is saying

He said, “Consensus is a good thing. Is healthy for the party. Our prayer, I’m thinking is that the consensus will favour me.

“So far, I am the frontline aspirant, our thinking, our prayer and hope are that the consensus will go my way.”

Tambuwal also revealed that he has been seeking support for his ambition nationwide. According to his spokesman, Tambuwal has traversed the 360 Federal Constituencies of this country, which gives him an edge.

“He knows the demography and the geography of this country. He knows the problem of this country. He is the actual unifier. He is the bridge builder. He’s so humble.

“He is such a person that is so energetic and vibrant. He can be trusted to forge partnerships and alliances and rescue and build this nation from where we have found ourselves today.“

What you should know

  • On the consensus candidate, recall Naijaonpoint reported last week that Peter Obi revealed that aspirants from the Southeast met with the aim of working together, as a team to ensure e that the south-east is committed to a better Nigeria that will be built based on fairness and equity.
  • He said, “We are not against PDP consensus, we are not against it if it would be based on fairness and equity for each zone, which is enshrined in the constitution when mentioning the issue of national character.
  • “We are ready to accept the consensus on equity and fairness.
  • “Politics is about consultation and negotiation, and we are ready to do that. We have always supported other zones, and we think it’s time for them to reciprocate. We are going to do this with mutual understanding”

... Tambuwal expresses interest as PDP aspirants push for consensus presidential candidate Read More on ... Naijaonpoint.

WATCH NOW

DOWNLOAD NOW

Business News

Why cost of economy flight ticket may hit N100,000 soon

Published

on

Nigeria airport

The cost of flying economy class across domestic airlines in Nigeria is expected to hit N100,000 soon.

This is due to the rising operational costs occasioned by aviation fuel price hikes, foreign exchange shortages, among others.

This was disclosed by the Airline Operators of Nigeria (AON), through the Chairman, United Airlines, Professor Obiora Okonkwo on Wednesday.

What domestic operators are saying

Okonkwo said, “Obviously, it is inevitable. I can tell you that all the airline operators, in the last three months, have been losing money, a huge amount of money. There is too much stress on the operational fronts for them to break even.

“Even if the aviation fuel is made available, there must be a review to reflect the minimal operational cost. We are offering patriotic services to the nation and understand the essential part of it. We are part of this economic development process in Nigeria but it is coming at a very huge sacrifice.

“Nothing less than N100,000, between N100,000 and N120,000 base price, even with Jet A1 fuel at N400 – N500. That is what it is. In the industry, it is expected that you will gain some here and lose some here but the biggest challenge indigenous operators are having is that the cost of everything is high. You source money from the commercial bank rates. You source money from the black market. No moratorium for your loans and the banks and AMCON are quick to jump on you.”

The Chief Operating Officer, Ibom Air, Mr. George Uriesi, also explained that the local airlines had reached a point in their operational cost to take a drastic measures.

He said, “Something has to give in. It’s either the prices of fuel that come down or the prices of airfares go up from where they are. So far, the airlines have tried very much to work within the airfares as they are. All sides of the divide are aware that the airlines have done the best that they can do.

“I don’t know what tomorrow holds but at some point, if the airline doesn’t survive, it goes down, to the detriment of everybody-the people who work for the airline, the people who fly on the airline, the country’s economy, everything goes down. So, airlines are just trying to be stable and patriotic. That’s where we are.”

What you should know

  • Oil marketers under the aegis of the Major Oil Marketers Association of Nigeria (MOMAN) have identified solutions to the high price and scarcity of Jet A1 fuel popularly known as aviation fuel, across the country, according to Naijaonpoint.
  • The major marketers have said that the situation can abate if marketers are able to get foreign exchange at decent rates instead of sourcing from the parallel market.
  • This was made known by the Executive Secretary of MOMAN, Clement Isong, during an interview on Wednesday in Lagos.
  • Isong noted that a drop in the global oil prices and the adjustment of the international supply of crude to meet demand will help the prices come down to more acceptable levels.

... Why cost of economy flight ticket may hit N100,000 soon Read More on ... Naijaonpoint.

WATCH NOW

DOWNLOAD NOW

Continue Reading

Business News

Crypto Exchange Coinbase Slows Hiring Amid Market Downturn

Published

on

shutterstock 2078301241

Leading U.S. crypto exchange Coinbase is slowing hiring, citing the current down cycle in the market as a reason to rethink its staffing strategy. The company’s management believes the move will allow the trading platform to match its hiring needs with its business goals.

Cryptocurrency exchange Coinbase has announced a change in its staffing plans. After previously aiming to triple its size heading into this year, the company now feels it’s prudent to slow hiring and reassess its personnel needs against its business goals, given the current market conditions. Quoted in a press release on Tuesday, Coinbase President and Chief Operating Officer Emilie Choi explained:

Choi further elaborated that Coinbase had made the decision in order to emerge stronger from this down cycle. She emphasized the step is part of managing the business to the scenarios the company had planned for, and assured the changes will not affect its expense outlook for the second quarter and the whole of 2022.

The digital asset exchange now intends to focus on integrating its recent hires and becoming more rigorous in determining its priorities. “We know this is a confusing time and that market downturns can feel scary,” the top executive noted while pointing out that the company has been through other, similar challenges in the past.

Choi’s announcement comes after Coinbase revealed in its earnings report earlier in May that it holds $256 billion in fiat and crypto assets on behalf of its customers. It also admitted that if the company declared bankruptcy, its users can potentially lose access to the crypto funds in their accounts as these could be subject to bankruptcy proceedings.

Do you expect other major crypto companies to reconsider their hiring plans? Tell us in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

WATCH NOW

DOWNLOAD NOW

Continue Reading