Economy
PTD is One and United under NUPENG- Tanker Drivers
- All Tanker Drivers are United and Indivisible Under NUPENG PTD
- There Are No Factions in PTD Branch of NUPENG
Members of the petroleum tanker drivers( PTD) a branch of Nigerian Union of petroleum and Natural Gas workers ( NUPENG) have vowed to use all available legal means to avert attempt by some saboteurs whose intension is to cause confusion among stakeholders in the nigerian petroleum sector.
A concerned member of PTD, Ejigbo depot, who craved anonymity narrated how he witnessed how a group of people suspected to be loyal to a former national chairman of PTD – Mr Lucky Osesua and one comrade Ganiyu Oyebola ( a.k.a ten million) who is under suspension for anti union activities jointly led some thugs under the disguise of protesters to disrupt business activities at Ejigbo NNPC depot last Thursday.
NNPC Ejigbo is one of over 70 depots under the Lagos zonal council.
He revealed that the union leadership is aware of the evil scheme of traitors and enemies of the union to cause confusion and mislead the general public.
According to him, Mr Lucky Osesua was a formal national chairman of PTD. He said his tenure was voided by a court judgement which terminated the election that brought him in.
A fresh election held in Ibadan on 31st october 2023 brought in another PTD chairman in person of comrade Augustine Egbon.Mr lucky Osesua and his cohorts who were not favoured by the new election gathered themselves to conduct a kangaroo election and has since been parading themselves as PTD faction.
Also, another prominent member of the unit has condemned the attack on the members of care-taker committee appointed by the PTD branch of NUPENG Lagos Zone, to run the affairs of Ejigbo depot while carrying out their legitimate duties on thursday 7th of december 2023.He noted that the protesters ,in the first instance are not members of PTD branch of NUPENG , therefore, they have no moral justification to stage a protest and make frivolous allegations against the Zonal chairman, Comrade Saheed Omogbolahan Adigun, who was not even at the depot on the day of the said protest.
He urged the leadership of PTD and its mother union, NUPENG to, as a matter of urgency, report the matter to the appropriate authorities and security agencies to get rid of thugs hired and stationed at the depot by the rebellious group for the purpose of causing chaos in the Nigerian petroleum sector, thereby creating undue panic among the general public.
- …Sets the stage for a future of more possibilities
Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has officially marked the incredible milestone of its 80th anniversary on Friday, May 2nd, 2025.
Celebrated as Nigeria’s oldest indigenous bank, Wema Bank was founded on May 2nd, 1945, as Agbonmagbe Bank Limited; an institution that has now evolved from a single-branch operation aimed at empowering indigenous Nigerians into a formidable force that continues to blaze the trail in Nigeria’s banking and financial industry.
From bridging gaps in access to finance for underserved Nigerians to empowering businesses with insightful financial solutions and support, providing a platform for other industries to thrive and proactively delivering financial solutions tailored to the needs of every Nigerian, Wema Bank has built a legacy of impact for 8 decades. With millions of customers and global presence via 150+ branches and the ALAT App, Wema Bank continues to set the pace in customer-centric innovation and impactful banking.
Extending heartfelt gratitude to the Bank’s stakeholders, Moruf Oseni, the MD/CEO of Wema Bank reiterated the Bank’s commitment to continue going above and beyond in service of its customers in the decades to come. According to him, “Wema at 80 is a milestone that extends deeply into the very roots of the industry, the people and the nation. This is an 80-year-old bank that began to set the pace for indigenous businesses in the depths of colonial rule and has remained resolute in carrying on that mission since 1945, showing the world that ‘Nigerian-owned’ can last, and institutions can be agents of transformation in their own capacity. It’s a journey I am deeply proud of and I cannot celebrate alone”.
“I take this moment to express my sincerest gratitude to every person and institution that has played a part in Wema Bank’s success story. From our customers to shareholders, investors, partners to employees past and present, and every other stakeholder whose efforts run in the veins of this great Bank. We are Wema and I take this moment, on behalf of the Board and Management of the Bank, to reiterate our lifelong commitment to you. Wema Bank is built to last, Wema Bank is built for you and Wema Bank will never relent in delivering optimum value to you. It has been 80 years of impact, and as we look ahead to a future of limitless possibilities, our promise to you remains the same. We Are With You, All The Way!”, Oseni concluded.
Wema Bank’s 80th anniversary has taken the world by storm, with a major highlight being the Wema at 80 Gala Night scheduled to hold in Lagos at 6 p.m. on Friday May 2nd, 2025. Headlined by Afrobeats stars Davido and Wande Coal, Fuji legend Ayuba, vocal sensation Yinka Davies, 9ice and a star-studded lineup of celebrities, dignitaries and stakeholders; the night promises to be one for the books, convening 8 decades of generations in a glamorous ceremony themed ‘Timeless Elegance’.
Anyone can be a part of the Wema at 80 Gala Night by tuning in live at 7 p.m. to the Bank’s YouTube Channel as well as select national TV stations.
The naira appreciated slightly in the parallel market on Tuesday, trading at N1,618 per dollar, an improvement from N1,620 per dollar recorded on Monday.
However, at the Nigerian Foreign Exchange Market (NFEM), the currency depreciated to N1,604 per dollar, compared to N1,599 per dollar the previous day.
Data from the Central Bank of Nigeria (CBN) indicated a N5 drop in the naira’s value at the official window, further reflecting volatility in the forex market.
As a result, the exchange rate gap between the parallel market and the official market narrowed to N14 per dollar, down from N21 per dollar on Monday, signaling a slight convergence between both market rates.
Nigeria’s headline inflation rate surged to 24.23 percent in March 2025, up from 23.18 percent recorded in February, according to the National Bureau of Statistics (NBS).
The figures were released in the bureau’s latest Consumer Price Index (CPI) Report published today. The data indicates a 1.05 percentage point increase month-on-month, and a 4.40-point rise in the CPI, which now stands at 117.34.
The NBS stated, “In March 2025, the headline inflation rate rose to 24.23% relative to the February 2025 headline inflation rate of 23.18%.”
This continued rise in inflation is attributed to persistent food price hikes, supply chain challenges, and currency pressures, according to analysts monitoring economic trends.
The development is likely to influence future monetary policy decisions as economic stakeholders assess the impact on household purchasing power and overall cost of living.
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Wema Bank Celebrates 80 Years of Impact
