Payroll
Frozen bank account triggers switch to Bitcoin salary for a whole year
As Bitcoin (BTC) adoption continues to sow seeds around the world, more and more people are choosing to accept the original cryptocurrency as payment for their goods and services. For individuals, that means accepting BTC as their salary. A Florida-based Bitcoin advocate called SVN (not his real name) took his entire salary in BTC for the past year. Cointelegraph reached out to him to understand why he did it and if there are certain advantages to earning the world’s most recognizable cryptocurrency. SVN explained that when the bank froze one of his accounts, he turned “to Bitcoin as a solution to keep my life going while the issue got resolved.” While banks have the power to unbank customers at will, or must follow governmental instruction–such as during the Canadian trucker protest in wh...
Altcoin Roundup: 3 ways blockchain technology could further mainstream in 2022
2021 was a breakout year for the cryptocurrency sector and this year is expected to see an extension of the “mass adoption” trend. Public awareness of blockchain technology is on the rise and a new cohort of projects designed to fill more niche roles in society are likely to emerge in the coming months. Three sectors that have the potential to see significant growth in 2022 are human resources (HR), employee payment solutions and platforms that serve the gig economy by offering corporate blockchain solutions. HR might pivot toward blockchain Human resource management is ripe for blockchain integration due to the security and data storage solutions offered. Blockchain would allow each employee to have a unique address where all pertinent information could be cryptographically stored. HR als...
Resident doctors decry Nigerian government scrapping of officers, interns salary
The Nigerian Association of Resident Doctors (NARD) has decried the scrapping of the salary of medical house officers and other health interns by the Federal Government. Dr Uyilawa Okhuaihesuyi, the President of NARD, said this while speaking with newsmen on Saturday in Abuja Okhuaihesuyi said that the NARD was making its own investigation to confirm the veracity of the news, adding that it would be addressed appropriately. Newsmen report that the Federal Government through the National Council of Establishment (NCE) stopped the salaries of medical house officers. Others categories of officers affected include dental house officers, nurse interns, pharmacist interns, medical laboratory science interns, and NYSC doctors. Dr Folashade Yemi-Esaa, the Head of the Civil Service of the Federatio...
Coronavirus: Niger government directs civil servants to resume work March 1
Niger State Government on Thursday directed all civil servants to resume work from March 1. The State Commissioner for Information, Malam Sani Idris, disclosed this during a press conference in Minna. He said the Gov. Abubakar Sani-Bello gave the directives during Thursday’s weekly State Executive Council Meeting. Newsmen report that the state government had on Dec. 21 directed civil servants to stay at home as a result of the upsurge of the second wave of the Coronavirus (COVID-19) in the country. Also, Alhaji Yusuf Suleiman, the State Commissioner for Water Resources said the ministry presented a memo seeking approval to establish Small Towns Water and Sewage Agency. He said the memo was approved by the council which would be translated to the state house of assembly to come up with a bi...
VP Osinbajo: We must resist all attempts to tear Nigeria apart
Vice President Yemi Osinbajo has called on Nigerians to resist any attempt to divide the nation saying Nigeria is better as one indivisible entity. He also called for the strengthening of community policing structures which he said will result in improved security situation across the country. Osinbajo who made this known on Tuesday while revalidating his membership of the ruling All Progressives Congress (APC) in Ikenne ward one in Ogun state declared “we must resist any attempt to destroy the unity of this country, our people have lived and worked together for decades, even centuries.” He added: “While we must attend to the cries of communities, and the cries of our people for justice, equity and fairness, we can do so within this same union. Ultimately we are stronger together than apar...
Cross River workers protest removal of names from payroll
Some civil servants whose names were removed from the payroll of the Cross River Government on Monday in Calabar picketed the state secretariat complex, demanding reinstatement. The protesters carried placards with various inscription such as “Ayade pay us our salaries, “No Trade Union in Cross River”, “We will protest until we are reinstated”, among others. It would be recalled that the state government in August 2019 removed the names of no fewer than 2,500 civil servants from its payroll. One of the protesting civil servants, Mr James Obeten, told newsmen that the situation had caused untold hardships in his families. “We were duly employed in 2015, and were given employment letters, it is very shocking that the government stopped our salaries since August 2019. “Without any reason, our...
