Saturday, February 27

Tag: Losses

Ibadan crisis: Hoodlums took advantage of cobblers death to burn shops, houses in Shasha market – Eyewitness
News

Ibadan crisis: Hoodlums took advantage of cobblers death to burn shops, houses in Shasha market – Eyewitness

Traders, shop owners, landlords and other persons with property in and around Shasha market in Ibadan, the Oyo State capital have started to count their losses. An investigation carried out by DAILY POST in the market on Saturday and Sunday, confirmed that property among which are shops, houses and cars worth over fifty million Naira (N50,000,000.00) was destroyed between Friday and Sunday in the market. About five lives were reportedly lost as a result of the clash that erupted in the market on Friday. Our correspondent reports that Shasha market is located in Akinyele local government area, one of the eleven local governments that make up Ibadan. It was, however, noticed that the market has become a ghost of itself since Friday when the crisis erupted in the market. DA...
Juventus Report Losses Of 89.7m Euros
Sport

Juventus Report Losses Of 89.7m Euros

  Club president Andrea Agnelli chaired the Ordinary Shareholders’ Meeting in Turin through video conference because of the coronavirus pandemic. And the nine-time reigning Serie A champions reported a deficit which included the 39.9m euro shortfall from the previous financial year. “The Ordinary Shareholders’ Meeting approved the financial statements as of 30 June 2020, reporting a loss of 89.7 million euros (compared to a loss of 39.9 million euros in 2018/2019), which was covered by using the share premium reserve,” Juventus said in a statement. The Turin giants also announced a new organizational structure with Federico Cherubini taking over as a new football director. Juventus’ “new organizational structure envisages the concentration of the club’s activities in tw...
FAAN Slashes Staff Salary Over Revenue Losses
News

FAAN Slashes Staff Salary Over Revenue Losses

Following the dwindling revenues occasioned by COVID-19 pandemic, the Federal Airports Authority of Nigeria (FAAN) has said it may not be able to pay full salary of staff as from May 2020 until the industry returns to normalcy. The agency however assured that as soon as the revenue situation improves, the balance would be paid. Daily Trust reports that there has been fear over salary payment by FAAN following the suspension of both local and international flights in April. Daily Trust learnt that with the flight suspension, the main source of revenue of the agency has been shut. The authority announced the decision to cut staff salary in an internal memo with reference number FAAN/HQ/ADMIN/2020O5 dated May 19, 2020 and signed by General Manager, Administration, FAAN, M.D. Musa...
There Will Be No Job Losses Arising From COVID-19 – Ngige
Politics

There Will Be No Job Losses Arising From COVID-19 – Ngige

The Federal Government says it will work to ensure that there are no job losses arising from the extreme effects of the Coronavirus (COVID-19) pandemic on the economy. The Minister of Labour, Dr Chris Ngige, said this on Thursday in his May Day message released by his media aide, Mr Emmanuel Nzomiwu. Ngige said that the Federal Government would look at the four-pillar plan of policy responses to the pandemic laid out by the International Labour Organisation (ILO). He said that such policies were intended to be human-centred and built on global solidarity. He said that all relevant factors to the nation’s workforce would be identified, analysed and solidified to ensure job retention and continued realisation of decent work agenda. The minister said that the Federal Govern...
Brighton Boss Graham Potter Losses Both Parents
Sport

Brighton Boss Graham Potter Losses Both Parents

Brighton boss Graham Potter admits he’s finding Coronavirus even more harder after loosing both parents in the last six months . The seagulls managers father died in January, just six months after his mother sadly passed away Potter said : “ That’s what I find personally quite challenging, We speak about football at the same as around 20,000 people are dying . In lots of cases people aren’t even able to hold the hand of the person that’s passing away, which is heartbreaking . I know from my own experience that losing parents is hard enough.
Tales Of Losses: Engage Nigeria’s Army Of Half Baked Artisans At Your Peril
News

Tales Of Losses: Engage Nigeria’s Army Of Half Baked Artisans At Your Peril

Few weeks ago, Juliet Yusuf, an Idoma businesswoman based in Australia, arrived Nigeria in high spirits five days ahead of her wedding. Like many Nigerians in the Diaspora, having reliable friends who could arrange all the vendors for her wedding needs was a huge advantage. A busy woman, who hardly had time to do much shopping ahead of her wedding, Yusuf leaned on her friends, who assured her that she would get top-notch arrangement towards her wedding. When the issue of her wedding dress came up, despite all her misgivings, the friends told her there were more than enough designers within the country to make the most gorgeous gown. Out of caution, the bride-to-be got different people, whom she found through referral, to design her wedding dress and her reception dress. “The...