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COVID-19: US companies fire 44.2m workers

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US companies 44.2m workers

COVID-19: US companies fire 44.2m workers

The total United States (US) sacked workers caused by the deadly coronavirus pandemic reached 44.2 million even as businesses are trying to reopen, and analysts warn of continuing damage to the world’s largest economy as COVID-19 shows few signs of abating.

Wall Street stocks plunged Thursday, reversing recent momentum as traders became spooked by resurgent cases of the virus in parts of the country and new Labor Department data showed another 1.54 million workers filed for unemployment benefits last week.

The massive layoffs have become routine since shutdowns to stop the coronavirus from spreading began in mid-March, reaching their peak later that month and declining since.

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Some workers are back on the job as states reopen, but the total for the week ended June 6 is still well above any figure seen during the global financial crisis in 2008, even though it fell 355,000 from the prior week.

Rubeela Farooqi of High-Frequency Economics said the data shows the US economy is clearly not back to normal.

“States and businesses have reopened, but activity remains restricted and subdued, which will likely result in ongoing layoffs over coming weeks,” she said in an analysis.

COVID-19 remains a stubborn threat in the United States, which continues to record around 20,000 new cases every day with few signs of reduction. States like Texas and North Carolina are seeing more patients hospitalized with the virus than a month ago.

Federal Reserve officials on Wednesday released forecasts projecting the US economy would contract by 6.5 percent this year, and Fed Chair Jerome Powell warned that some workers may not find jobs for a long time.

The Labour Department data showed about 20.9 million people were receiving unemployment payments in the week ended May 30, down from 21.3 million the week before – indicating that people were either returning to work or had their initial claims denied.

All told, the report was in line with May’s unemployment rate, which declined to 13.3 percent from 14.7 percent in April as the US economy added 2.5 million jobs.

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Agriculture

TMP Presents Equipments to CGC Adeniyi, Strengthens Collaboration

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Author: Abra Iruoghene.

The Comptroller-General of Customs (CGC), Adewale Adeniyi, received a customised generator and a bus on behalf of the Service from the Chairman of the Trade Modernization Project (TMP), Saleh Ahmadu, on 5 July 2024, at the Project Management Office domiciled at the
Nigeria Customs Service Management Quarters in Abuja.

CGC Adeniyi expressed appreciation to TMP for the equipment presented to the Service. He said, “On behalf of all officers and men, I appreciate this gesture that TMP has done for us through the presentation of the 250KVA generator and the 13-seater 2024 Toyota Hiace bus.”

Adeniyi disclosed that the Service is aware of TMP’s efforts in providing tools and equipment needed to drive the modernisation program. He said, “We know that computers alone will not work by themselves; they will not effect the desired modernisation that we need.”

He added, “It will require human input, and the working environment of these elements is very important as well as those tools. So, we therefore appreciate these efforts you put in place to help us enhance the working environment and also improve the welfare of these officers.”

Furthermore, he applauded the Trade Modernization Project for being a worthy and dependable partner in their modernisation drive. He noted that the equipment delivered would be put to good use to bring added value to NCS operations.

Additionally, Adeniyi encouraged the officers, from the rank of Assistant Comptroller and Deputy Comptroller, undergoing special training by the TMP in preparation for the management duties of the Service, to be attentive and acquire the necessary knowledge to discharge their responsibilities and take up the task ahead of them professionally.

Mr Saleh Ahmadu, the Chairman of the Trade Modernization Project (TMP), who handed over the equipment, said the bus was for the effective movement of personnel between the headquarters and the TMP office, while the generator was for constant power supply to the management quarters of the NCS. He acknowledged the CG for his continuous support and collaboration.

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COVID-19

Customs Synergize With NNPCL to Tackle Fuel Smuggling

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As Operation Whirlwind Records Tremendous Victories

Author: Iruoghene.

In a bid to conquer the war against the smuggling of petroleum products in Nigeria, the Comptroller-General of Customs (CGC) Adewale Adeniyi has reassured his commitment to reinvigorate the existing collaboration between the Nigeria Customs Service (NCS) and the Nigerian National Petroleum Corporation (NNPC) Limited to effectively combat the smuggling of petroleum products outside Nigeria.

In a meeting with the delegates from NNPC on Friday 5, 2024, at the headquarters of the NCS in Abuja, CGC Adeniyi stated that smuggling constitutes a severe national burden on the Nigerian economy. He said the current habitual that exists in the prices of fuel between Nigeria and the neighbouring countries creates a very huge incentive for smuggling, and that is why NCS, through ‘Operation Whirlwind’ is working with other stakeholders to intensify their efforts in ensuring that smuggling of Premium Motor Spirits (PMS) is brought to the barest minimum.

He said, “The operations that we have done have thrown up a number of issues, but despite them, I am happy we have made fantastic seizures from different parts of the country, and we saw the ingenious ways in which smugglers take supplies from depot and place in their stations. The stations might look empty from the front. Still, directly behind, they have linked the hoses through some artificial holes created in their walls into waiting jerrycans and vehicles from where they take them across the borders”.

Still speaking, he said, “It is an act of economic sabotage, and those that we have seen, we have arrested them, confiscated the product that were seen, we sealed up the filling stations, and we have handed them over to the regulatory authorities to handle. Some filing station operators tactically devise means to smuggle fuel in a way that is not noticeable.

Adeniyi disclosed that fighting the heinous crime is a significant operation, creating a considerable burden on NCS resources, but it has been a very rewarding exercise for NCS. He said, “We felt that we could have a very good partnership with NNPC for us to sustain this operation over a period of time”.

Expressing his excitement, the CGC said, “We are happy we had a secondment from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). But customs need a situation room where we get data that speak on the issue of enhancing our capacity. Also, our personnel will be motivated and taken care of, so they won’t be in a situation of compromising”.

Also, the Coordinator of ‘Operation Whirlwind’ Comptroller of Customs, Hussein Ejibunu, stated that the operation started 5 weeks ago and has recorded great victories. He said, “There is no operation that does not have challenges, and we have been able to put them aside with the help of the CGC. We have tackled fuel smuggling not only in Adamawa but across the nation. We recently showcased about 79000 litres of fuel that was about to be smuggled out of Kebbi state. This is an indication that we are desirous to do the job, but we need absolute support of the border communities and other agencies”.

Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Corporation (NNPC) Limited, stated that the Smuggling of PMS is a major National challenge for the country, and he requested the CGC’s help to minimise the smuggling of PMS outside Nigeria.

He revealed that the volume of fuel smuggled has reduced drastically due to the establishment and efforts of ‘Operation Whirlwind’. He said, “We are available to provide any necessary support to combat this crime in our borders. We are happy to work with you, and we appreciate you for the enormous impact of your collaboration so far”.

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COVID-19

PCR Tests for Travellers Fraudulent, Probe NCDC, Ministry – WHO Envoy

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PCR Tests for Travellers Fraudulent, Probe NCDC, Ministry – WHO Envoy

The World Health Organisation’s Special Envoy for the Access to COVID-19 Tools Accelerator, Ayoade Alakija, has called for an investigation of the Nigeria Centre for Disease Control and the Ministry of Health over the required COVID-19 PCR tests for inbound passengers to Nigeria.

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Alakija, in a tweet via her official Twitter handle, @yodifiji, wondered why the PCR tests were done with no reagents.
According to reports, the Director General of the Nigeria Centre for Disease Control, Ifedayo Adetifa, had earlier insisted that Nigeria would not scrap COVID-19 tests for inbound passengers into the country.

Adetifa had said the country was reporting a high rate of COVID-19 cases from inbound passengers, hence the need for the insistence of the tests.
Alakija, reacting to a tweet by a journalist, David Hundeyin, tweeted, “It’s a scam. The entire thing is a criminal enterprise and should be exposed. “Diagnostic tests to enter a country where the government officials have interest in Dx test centres. PCR tests with no reagents? NCDC and MOH should be investigated. It is a scam, period.”

Read Also: Theranos’s Holmes Found Guilty on Four Counts in Fraud Trial

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