Telecom
NLC Pickets MTN, Others for Maltreating Workers
Nigeria Labour Congress (NLC), said that it picketed the corporate headquarters of MTN and the Abuja Environmental Protection Board (AEPB), because of their anti-labour activities and inhuman treatment of workers.
Comrade Ayuba Wabba, president of NLC, said that the action was planned to coincide with the International Day for Decent Work; adding that the labour movement must fight hard, henceforth, to ensure decent work ideal was established and followed in Nigeria.
The NLC president, who regretted the high level of anti-labour practices in the two organization and others across the country, stated that casualisation of workers by multinationals and other indigenous companies is a crime against humanity and will be resisted by labour.
Citing the case of NTN Nigeria, he pointed out that while the company is refusing unionisation, its counterpart in South Africa, Kenya and Ghana are unionised and they have better working conditions.
He said the congress has received several complaints about the anti-labour practices in these companies.
Wabba said “We have identified two organisations, the Abuja Environmental Protection Board where casualisation has been on and workers have been denied the rights to unionise among other issues.
“Secondly is MTN. Every three months, they sack the workers and give them a new contract. This is not acceptable, our laws does not accept that, and those workers need to be liberated.
“We need to tell them that they need to respect international labour laws, they need to also respect our own labour laws but importantly, they must respect human and trade union rights.
“Workers have dignity, workers are not slaves and therefore, all workers must be treated with the best of attention. Injury to one is injury to all. Injury to the workers at MTN and AEPB is an injury to all Nigerian workers.”
Wabba said: “In South Africa, MTN workers are unionized all by the Congress of South African Trade Union (COSATU), their affiliates from the telecommunication sector. Same with the one in Kenya and that of Ghana, our question is why should the MTN workers in Nigeria be the people that will be treated worse?
“This campaign is a global strategy endorsed by the International Trade Union Confederation (ITUC) all over the world that we must stand up for MTN Nigeria workers and they must have their rights, they must also have a condition of service that is commensurate with MTN workers in South Africa, in Kenya and the other parts of the world.
“Why should there be a difference between the condition of MTN workers here in Nigeria and what obtains elsewhere around the world”.
He, however, warned that labour would come back to picket MTN outlets nationwide if these issues were not tackled.
He added: “We have tried to engage the management, and we have mutually agreed that a process of dialogue to discuss this issue and also to discuss the issue of MTN workers in Nigeria in general will take place and that they are going to revert back to us in the next one week and then the process of dialogue. The whole idea is making sure that Nigeria MTN workers should not be second class workers when compared to other MTN workers around the world.
“We must insist that they must continue to work in dignity, they must continue to work in honour and therefore, they are not be enslaved. We have told them very clear that the corporate headquarters is in Lagos and so this is a starting point and we will be ready in the near future if this issue is not addressed, to actually picket MTN offices all over Nigeria because we have done that in the past and we thought that MTN workers deserve a better deal.
“If we need a revisit, certainly we will be there, if we need further step to expand the scope of coverage of this action we will do it. If we are going to need the support of our other counterparts from Ghana, Kenya, Tanzania, and South Africa, ITUC global will give us a signal and we will do a global campaign to actually address the issue”.
Wabba who led the picketing, earlier at the corporate Headquaters of AEPB and MTN gave the management one month to address the anti labour practices, or the congress would return to picket the organisation.
Telecom
Unforgettable Moments and Big Wins at the TECNO SPARK 30 City Tour
TECNO SPARK 30 city tour made a memorable stop at Ikeja City Mall on November 15th, bringing with it an infectious energy that electrified the entire city.
As the event unfolded, it was clear that this was more than just a product showcase – it was an immersive experience designed to thrill and delight.
The day’s festivities kicked off with the iconic TECNO SPARK 30 transformer bus, painted in bold red and blue hues, rolling into action.
The bus served as the hub for a games grotto, where fans immersed themselves in thrilling digital games and adventures.
Outside, the excitement spilled over, with attendees engaging in friendly competitions of Jenga, Monopoly, Ludo, and chess.
These games sparked laughter, playful banter, and a sense of camaraderie among strangers.
As the games heated up, so did the rewards. Purchasers of the TECNO SPARK 30 Pro enjoyed a N20,000 discount and a chance to win up to 100% cashback by participating in the games.
The atmosphere was electric, with cheers of victory, enthusiastic applause, and celebratory high-fives.
The excitement reached a fever pitch with the arrival of tech and lifestyle creator Kagan, accompanied by Big Brother Naija Season 9 stars Victoria and Ruthee.
The trio dove into the action, competing in games and claiming victory. They were awarded TECNO-branded gift items, earning cheers and applause from the thrilled crowd.
The event was an unforgettable experience, leaving a lasting impression on all who attended.
Telecom
Sophos Report Highlights Cyber Risks During Holiday Shopping Season
During peak shopping days, this threat intensifies.
Here’s what happens: with the surge in online deals, more employees may be shopping from their work computers, feeling that Cyber Monday is a legitimate time to do so.
This increases the risk of them clicking more freely and potentially exposing the organization to malicious links or phishing attacks.
To keep your organization safe, encourage your team to follow these simple tips:
• Don’t click deals in email that look too good to be true or are from businesses you don’t have accounts from – these could be phishing emails hoping to bait you into clicking links to bogus, malicious web sites.
This season, small steps can make a big difference in protecting against cyber threats.
Telecom
MTN Nigeria Shops for N50Bn Commercial Paper to Boost Working Capital
MTN Nigeria Communications Plc has announced plans to issue up to N50bn in Series 13 and 14 Commercial Paper Notes under its N250bn Commercial Paper Issuance Programme.
This proposed issuance aligns with the company’s strategy to broaden its funding sources and strengthen its liquidity position.
The proceeds from the issuance are earmarked to support MTN Nigeria’s short-term working capital needs, enabling the company to sustain its operations and meet financial obligations effectively.
In a statement to the Nigerian Exchange Limited (NGX) and the investing public, MTN Nigeria emphasized its commitment to maintaining financial stability and operational efficiency.
According to the statement signed by Uto Ukpanah, company secretary, further details regarding the structure, pricing, and timeline of the issuance will be disclosed to the market in due course, as MTN Nigeria continues to engage with stakeholders and regulatory authorities.
MTN Nigeria recently completed its series 10 commercial paper issuance under its upsized N250bn commercial paper issuance programme.
The telecom giant said it sought to raise N72.1bn and the offer recorded 149 per cent subscription with N72.1bn issued.
The 266-day commercial paper was issued on 29 November 2023 at a yield of 16 per cent.
The CP issuance aligns with MTN Nigeria’s strategy to continue diversifying its funding sources and reducing its average cost of debt. The proceeds will be applied towards short-term working capital requirements.
Karl Toriola, chief executive officer, MTN Nigeria said. “We are pleased with the support received from the investor community, having recorded a 149 per cent subscription from a broad range of investors. This reflects NTN Nigeria’s robust financial capacity, brand strength, and market leadership amidst the upward pressure on interest rates”
Stanbic IBTC Capital Limited played the role of Arranger and Dealer with ARM Securities Limited. Chapel Hill Denham Advisory Limited, Coronations Marchant Bank Limited, FCMB Capital Markets Limited, Quantum Zenith Capital &Investments Limited, Rand Marchant Bank Limited, and Vetiva Capital Management Limited played the role of Joint Dealers on the transaction.
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