Business
Fuel Scarcity: Apprehension grips Nigerians as MTN, Airtel issues 24 hours shutdown ultimatum
…Banks and domestic airline activities disrupted
By Yemie ADEOYE
LAGOS-THE lingering petrol scarcity in Nigeria which is swiftly grinding the economy to a halt seems about to take a new dimension as major mobile telecoms operators in the country have announced a shutdown of operations in 24 hours if the situation is not reversed.
Their counterparts in the banking and aviation sectors have also commenced major disruption of activities due to lack of requisite fuel to power their operations.
Several Nigerians took to the social media over the weekend to express their apprehension over news making the rounds that MTN and Airtel, two major telecoms operators in the country have started notifying their subscribers of the imminent shutdown within the next 24 hours if the fuel situation remains the same.
Reacting to the lingering fuel crises, Airtel said yesterday that the situation was impacting negatively on its commitments to delivering quality services and seamless telephony experience to Nigerians.
“We are currently doing everything within our means, as well as going the extra mile, to ensure that all our base stations and switches are up and running.
“It is sad to note that it is becoming increasingly difficult to replenish current stock of diesel due to the lingering scarcity of the products.
“We are also concerned that, if the situation persists, it may have adverse effects on our network, impacting both voice and data services.
“Airtel, therefore, wishes to assure all customers that we will continue working with all our partners and stakeholders to mitigate any negative impact, as we remain committed to our promise of providing exceptional services just as we seek the cooperation and understanding of all while apologising for any inconvenience at this time.”
Similarly, MTN, Nigeria’s largest mobile telecoms provider has warned that its network faces imminent shutdown due to fuel shortages that have crippled the nation.
“If diesel supplies are not received within the next 24 hours, the network will be seriously degraded and customers will feel the impact,” it added on its Twitter account, @MTNNG, at the weekend.
“Diesel generators power most of MTN’s base stations and switches across the country, but fuel supplies are running low,”
Some Nigerians who responded to our enquiry opined that for the telecoms industry to shutdown would result in dire consequences for the already suffering masses.
Jerry Inyang, a Lagos based lawyer noted on his twitter handle that with the shutdown of every other means of living, the only practical aid that helps people get by in this emergency situation is mobile telephony. “The moment this subscribers shutdown it’s going to be horrendous for millions of Nigerians. Don’t forget that between MTN and Airtel alone they control about 80 million subscribers and this could lead to further discomfort as people will no longer be able to communicate especially during emergencies and that could lead to frustration and chaos.
Already Arik Air and Aero Contractors two leading Airline companies in the country disrupted flight activities for several of their passengers over the weekend as several of their scheduled flights from various airports in the country were suspended, while there are strong indications that their other counterparts have started canceling and suspending flights accordingly due to lack of Jet Fuel.
The Banking sector is not left out as not a few banks have had reason to alert their customer of an imminent shutdown in the next couple of days.
GT Bank, a leading commercial bank in the country has already notified its staff and customers of a 1p.m closure in all its branches with effect from Monday due to fuel scarcity.
Meanwhile, the National Union of Petroleum and Natural Gas Workers, Nupeng, Lagos state chapter has placed the blame of the scarcity at the doorstep of the marketers noting that they appear to have products in their various tank farms, but have suspended loading, hence tanker drivers are unable to load. Tokunbo Korodo, Chairman, Lagos state chapter confirmed this during an interview early Monday morning.
He noted that Nupeng members are not on strike except the NNPC chapter of the union and that their reason was quite different from the ongoing national crises. He affirmed that any marketer who opens its depot would have trucks trooping in with the willingness and readiness to load products.
He also chided Mr. Ifeanyi Ubah for not releasing products before this time, claiming he may have done that for political reasons, as the products capital oil is distributing belongs to the federal government. He assured Nigerians that a major stakeholders meeting has been scheduled for Monday in Abuja with the intentions of finding a lasting solution to the lingering fuel crises.
Business
Content Creation Can Buy 4 Lamborghini’s – Comedian Josh2Funny Reveals
Nigerian comedian and popular skit maker, Chibuike Josh Alfred, known by his stage name Josh2Funny, has shed light on the profitability of the content-creating industry.
In a recent interview with Echo Room, Josh2Funny highlighted the impressive financial potential that content creators can achieve, noting that it is possible for them to comfortably afford multiple luxury cars, including up to four Lamborghini vehicles.
Speaking candidly, Josh2Funny emphasised that content creation has become an extremely lucrative field due to the constant demand for fresh and engaging material. “If you want to buy four Lamborghini from content creation, you can buy it,” he said.
His remarks underscore the significant revenue opportunities available in the digital content landscape.
Josh2Funny explained that the continuous consumption of online content is what drives its profitability. “What do you think we are doing in the content-creating industry? Are we joking? You all are with your phones, when you’re in the bathroom, when you’re [using the restroom], you’re consuming our stuff. It’s like pure water,” he stated.
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The comedian further elaborated that businesses or industries that deliver products consumed on a daily basis often see the most substantial financial returns. Content creation, with its high rate of daily consumption by audiences worldwide, aligns perfectly with this model.
“People are out there, consuming our content every time,” he said, reinforcing the idea that the reach and influence of content creators have never been more extensive.
Josh2Funny’s insights reveal why the content-creating industry has become a lucrative career path for many in Nigeria and around the world. With the continuous growth of social media platforms and the public’s insatiable appetite for entertainment and relatable content, creators are finding new and innovative ways to monetize their craft.
This shift not only highlights the potential for significant financial gain but also showcases the evolving landscape of digital media, where influencers, comedians, and skit makers can turn creativity into a sustainable and highly rewarding business.
Business
NIVEA Black & White Invisible Roll On Deodorant Batch No. 93529610 Not On Sale in Nigeria
A safety alert notification by the National Agency for Food and Drug Administration and Control (NAFDAC) in Nigeria issued on October 31, 2024, regarding NIVEA BLACK & WHITE Invisible Roll-on deodorant (50 ml) batch number 93529610, in relation to the general European Union (EU) Rapid Alert System for Dangerous Non-Food Products (RAPEX), has come to our attention.
The batch is said to contain 2-(4-tert-Butylbenzyl propionaldehyde (BMHCA).
In a statement on Saturday, in Lagos, Beiersdorf, the owner of NIVEA brand, assured that the “the Batch No. 93529610 in question has not been marketed in Nigeria and thus never recalled”.
According to the statement, Beiersdorf was well informed that “Based on current European legislation, the use of ingredient 2-(4-tert-Butylbenzyl propionaldehyde (LilialTM) in cosmetic products has been banned from the European markets as of March 1, 2022.”
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It acknowledged that “The batch in question, in fact, expired in January 2022 and was hence at the time fully compliant with the then valid European cosmetic regulation.
“As a responsible corporate citizen, Beiersdorf is working collaboratively with NAFDAC to safeguard the interest of the Nigerian consumers by ensuring that our locally manufactured product meets the global quality standards.”
It maintained that “The safety of our consumers remains our highest priority, consistent with our ethical philosophy as a business.”
In pursuit of this commitment, Beiersdorf’s entire NIVEA product portfolio formulations have been reformulated to be Lilial-free formulas in full compliance with the EU Regulation on cosmetic products well ahead of its Lilial ban coming into effect as far back as March 1, 2022. For instance, the formulation of NIVEA BLACK & WHITE Invisible Roll-on deodorant has been Lilial-free since at least 2020 across the globe, including Nigeria.
“Our trade partners were informed ahead of time and reminded of their responsibility to remove the outdated Lilial-containing products within the legal timeframe to fulfill their obligations with the European Cosmetic Product Regulation,” it added.
Business
Shell, NNPC Ltd, Others Gift Three Universities ICT Centre, Digital Library
The Shell companies in Nigeria teamed up with the Nigerian National Petroleum Company Limited (NNPC Ltd) and other stakeholders to build Information Communication Technology (ICT) centres and a digital library in Nigerian universities in 2024.
Biztellers reports that it initiative is part of their continuing support for education.
Some of the corporate bodies that executed the projects include the Shell Nigeria Exploration Production Company Limited (SNEPCo) and NNPC Ltd, and the Nigerian Content Monitoring and Development Board (NCDMB).
The benefiting institutions were, the Niger Delta University, Amassoma, Bayelsa State, which got a digital library in April, the Sa’adu Zungur University (formerly Bauchi State University), Gadau in Bauchi State, where an ICT Centre was commissioned in July, by The Shell Petroleum Development Company of Nigeria Ltd (SPDC) as part of the Joint Venture with NNPC, TotalEnergies and NAOC.
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In what would sound like singing-off on the educational intervention initiative for 2024, the Federal University of Technology, Owerri (FUTO), overflew with joy at the unveil of a world-class engineering design studios and ICT hub, courtesy of the SPDC, NNPC Ltd and other Joint Venture partners collaborated with NCDMB.
Reflecting on the three facilities, Country Chair, Shell Companies in Nigeria, and Managing Director, SPDC, Osagie Okunbor, said, “This is Shell working to power lives in Nigeria. The projects have changed the academic and physical landscapes in the three universities and linked the students and lecturers to the global learning arena.”
The facilities at FUTO include two state-of-the-art engineering design studios and a fully furnished 100-seater ICT lecture hall, equipped with computers and smartboards with dedicated power and water supplies. FUTO was selected for the project as part of the “institutional strengthening” in the catchment area of SPDC’s Assa North Ohaji South Gas Development Project. They were launched at a colourful ceremony attended by representatives of the Imo State Government and principal officers of the university.
Imo State Governor, Hope Uzodinma, represented by the Commissioner for Digital Economy and E-Government, Dr. Chimezie Amadi, said, “We deeply appreciate the efforts of our partners in NNPC, SPDC, Total Energies, and NAOC JV, who have invested in the future of Imo State by supporting this critical project. Your commitment to human capacity building aligns perfectly with our goals, and together, we will continue to drive innovation, skills development, and sustainable economic growth for our people.”
Okunbor’s address at the commissioning was read by General Manager, External Relations, Igo Weli, in which he expressed happiness “that the collaboration of SPDC, Joint venture partners, NCDMB, and FUTO has resulted in this successful social investment project that demonstrates our commitment to improving access to quality education for every Nigerian.”
On his part, the Executive Secretary NCDMB, Engr. Felix Omatsola Ogbe, called on Nigerian institutions to domesticate the advancements in AI and other technologies.
“Our AI must understand Igbo, Hausa, Efik, Yoruba, and other local languages,” he said, speaking through Dr. Ama Ikuru, the Director in charge of Capacity Building.
“We must leapfrog the innovations of other nations and become a net exporter of advanced technology to achieve the lofty ideals of Nigerian content development,” he added.
The Chief Upstream Investment Officer, NNPC Upstream Investment Management Services, Bala Wunti, said in his address which was read by the Senior Advisor Stakeholders Relations, Halimat Wilson, “Innovation thrives in an environment where ideas can be freely exchanged and developed. The Engineering Studio and ICT Hub is designed to be such a place where students, researchers, and faculty can collaborate on projects, share knowledge, and push the boundaries of what is possible.
Welcoming guests earlier, FUTO Vice Chancellor, Prof Nnenna Oti, thanked the sponsors of the project “for a landmark donation” to the university.
The Shell Companies in Nigeria have been education since the 1950s through scholarships and other initiatives. These efforts have resulted in the award of thousands of secondary, undergraduate and postgraduate scholarship awards, provision of educational infrastructure and establishment of sabbatical and internship programmes as well as centres of excellence in several universities.