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Pay-Cut: Aviation Union Threatens Firm

National Union of Air Transport Employees (NUATE) has handed a seven day notice to the management of Caverton Helicopters to effect corrections of the unilateral and loop-sided pay-cut decision it took on the workers’ salaries or face a shutdown of operations in Lagos, Warri and Port Harcourt.

The union claimed to have had several talks with the company over issues of alleged irrational slash of salaries, injustice to workers and disregard for the nation’s labour laws.

In a letter to the Managing Director of the company dated March 30, and signed by an acting General Secretary, Mr. Olayinka Abioye, the union said, this letter would served as the final notice, ”there shall be no more negotiation before the industrial action,” he added.

The letter titled ‘Final Notice of Industrial Action against Caverton Helicopters,’ read – “Notice is hereby given to the general public and the esteemed clients of Caverton Helicopters that due to persistent anti-labour practices, by management of (the said) Caverton helicopters, the unions have resolved to shut down its operations in Lagos, Warri and Port Harcourt within the next seven days if salaries of our members are not reinstated.

“There shall be no more discussions on the fundamental issues as the unions have exhibited high sense of responsibility and maturity in getting the matter resolved but to no avail. This message serves as a final notice of industrial action. All Caverton Helicopters workers to note and be fully prepared.”

It was gathered that things have coiled downward since September, 2015 when management unilaterally cut staff salaries without recourse to meet the workers or the unions.

A NUATE source said, “When this happened the unions met with the management and they sold the unions a dummy stating that the cut in salaries was as a result of the prevailing oil crisis but when the union looked further it found that the cut in salaries was not holistic, and was done putting sentimental interest in the fore.

According to another union member, some staff, that has god-father among the management, had their salary increased while the majority had theirs’ cut-down substantially as management blamed the economic down-turn for the decision.

“In fact, when the management heard that due to their actions, there might be an upheaval, they quickly rushed in and started doing selective gratification by paying the sons of the soils, or what you can call the workers from the host communities, leaving out those that did not come from there.” he added.

China’s Oil Imports From Nigeria Falls

China’s crude oil import from Nigeria dropped by 7.5 percent from 11.41 million barrels in 2014 to 10.56 million barrels last year, information gathered from Nigerian National Petroleum Corporation ( NNPC ) has shown.

According to figures made public by NNPC, China, the world’s largest energy consumer bought crude from Nigeria for just five months in 2015 compared with a nine months purchase in 2014.

A breakdown of the 2015 import showed that the largest volume of 3.9 million barrels was  in October and it dropped 2.85 million barrels in February.

China’s crude purchase fell to 949,721 barrels in March, dropped to 948,024 barrels in July only to increase its order to 1.9 million barrels in December.

The highest export of Nigerian crude to China in 2014 was 1.96 million barrels in January as revealed by the NNPC.

Last year, the Asian country imported a record amount of crude oil, an opportunity created by the drastic fall in price which was below a 10 year annual moving average.

China’s global import of crude last year increased by 8.8 per cent to 334 million metric tons, or about 6.7 million barrels per day, according to data sourced from the Beijing-based, General Administration of Customs in January.

The country had earlier this month said it would seek to buy more crude oil from Nigeria in spite of the recent changes in prices or the re-admittance of Iran to start producing.

The Economic and Commercial Counselor of the Chinese Embassy in Nigeria, Mr. Zao LingXiang, said,“In my opinion, it really doesn’t matter whether Iran comes back or not; Chinese companies want to import more crude oil from Nigeria”.

Forte Oil To Seek Approval to Raise $503m

Akin-Akinfemiwa-MDForte-Oil

Nigeria’s Forte Oil has revealed plans to seek approval of its shareholders at the April 26 annual general meeting to raise up to 100 billion naira ($503 million) for the expansion its operations within the country.

In a statement issued on Thursday, the company revealed that it might choose to raise the funds through a rights issue, bond or share offering, or global depository receipts.

“The capital raising is part of our preparations to take advantage of opportunities in the economy,” Akinleye Olagbende, Forte Oil’s chief compliance officer.

Olagbende said the company could explore opportunities in the upstream sector of the oil industry and tap into other viable businesses to bolster its bottom line.

Forte Oil Plc Group Chief Executive Officer, Akin Akinfemiwa was recently elected Chairman of the Major Oil Marketers Association of Nigeria (MOMAN).

MOMAN, is the umbrella body of the major oil marketing companies in the country which comprises of Mobil Oil, Conoil, Forte Oil, Oando, and Total Oil.

Mr Akinfemiwa he took over from Wale Tinubu, CEO of OandO.

The company in January announced a rise of its profit before tax from 7.02 billion naira for the 2015 financial year end compared to 6.01 billion naira it recorded the previous year.

 

Nigeria, China Trade Hits $101bn in 11yrs

ship vessels

China and Nigeria have recorded a total bilateral trade of about N20.1 trillion or 101 billion dollars in the 11 years, starting from 2004 to 2015.

Economic and Commercial Counselor of the Chinese Embassy in Nigeria, Zhao Linxiang, said this at the 2016 China-Nigeria Trade and Economic Forum in Abuja on Thursday.

Linxiang said that both countries had experienced steady increase in their bilateral relations.

“According to the statistics of the General Administration of Customs of China, total bilateral trade volume between China and Nigeria, from the year 2004 to 2015, recorded at 101 billion dollars.

“The major commodities imported by Nigeria from China are electrical machinery equipment, machinery and mechanical appliances and vehicles.

“The major commodities exported by Nigeria to China are mineral resources, wood and agricultural products such as cotton, palm oil seeds cashew nuts and so on.

The counselor said that the bilateral trade volume between both countries stood at 14.94 billion dollars in 2015, as total trade with Africa and 42 per cent of its trade with ECOWAS.

Linxiang commended the cooperative efforts made by both countries in the area of infrastructure construction.

“A large number of projects have been completed or are being implemented in Nigeria with Chinese funds, advanced technologies and services.

“Those projects create more than 20,000 jobs for local people,” he said.

He further reiterated that Nigeria was “one of the most important destinations of Chinese investment in Africa”.

He also said that the 10 major China-Africa cooperation plans agreed on at the 2015 Forum on China-Africa Cooperation (FOCAC) Summit would be of benefit to Nigeria’s economic diversification plan.

The counselor called on the need for both countries to explore new areas of cooperation and expand relations in existing areas.

“It is believed that President Buhari’s visit to China will breathe new life into the bilateral economic cooperation.

“It is also believed that during his stay in China, the two leaders will further discuss on how to fully implement the fruits of the 2015 FOCAC Summit.

“This includes the 10 major cooperation plans and relevant financing arrangements and how to carry them out into projects which are conducive to the Nigerian economic development.

Also speaking, the President, Miners’ Association of Nigeria, Sani Shehu said there was a need for Nigeria to gain from the “Chinese model of growth, investment and manufacturing expertise”.

Mr. Shehu noted that the trade imbalance between both countries remained in favour of China and urged that Chinese entrepreneurs be encouraged to set up production facilities in Nigeria.

He explained that setting up production facilities would ensure value addition, creation of jobs and enhanced development in the country.

“Nigerian Government should learn from the Chinese in terms of building human and physical infrastructure as well as granting manufacturers and miners access to cheap credit.

“We need to liaise with foreign investors; Nigeria is eager to diversify its trade relations by reducing its dependence on western industrial countries.

“China is therefore one of the few countries that can assist Nigeria to bridge her huge financing gap especially for infrastructural development,” he said.

Special Groups to Further Nigeria, U.S Talks

John Kerry U.S Secretary of State

The United States and Nigeria would constitute a special working groups to further discuss issues of strengthening security cooperation, economy, and tackling of corruption in the country.

These were the issues raised during the much talked about day-long meeting launched by both the US Secretary of State, John Kerry and the Nigerian Foreign Affairs Minister, Geoffrey Onyeama which held at the State Department on Wednesday.

In a joint statement, the countries said the groups would come up with a paper within a month finalizing goals.

During the meeting, both acknowledged the security challenges posed by Boko Haram militants in the northeast and neighboring countries, as well as tough economic times caused by drop in oil prices.

Kerry said the United States was committed to helping Nigeria tackle the Boko Haram insurgency, but cautioned that security forces had to avoid human rights abuses even as they stepped up the fight against the jihadi group, which has pledged allegiance to Islamic State.

“Under President Buhari, Nigeria has been taking the fight to Boko Haram and it has reduced Boko Haram’s capacity to launch full-scale attacks,” Kerry said, “however, the group still remains a threat, a serious threat, to the entire region.”

He said in recent months U.S. military trainers were helping Nigeria’s security forces improve information sharing tactics, and train and equip two infantry battalions.

“Now, I want to be clear, this aid is predicated on the understanding that, even when countering a group as ruthless as Boko Haram, security forces have a duty to set the standard with respect to human rights,” he cautioned, adding: “One abuse does not excuse another.”

U.S. cooperation with Buhari’s predecessor, Goodluck Jonathan, had virtually ground to a halt because of his refusal to investigate corruption and human rights abuses by the Nigerian military.

On the economy, Kerry said the United States was “encouraged” by Buhari’s commitment to diversify Nigeria’s economy to make it less dependent on oil.

But Nigeria needed to create an environment that was welcoming to investment, Kerry added.

The joint statement made no mention of Nigeria’s foreign exchange rate, which the United States complains was too rigid and discourages investors. Senior U.S. diplomats had said the issue would be raised at the Wednesday’s talks.

Africa’s top oil exporter is in the middle of an economic crisis as a slump in global oil prices has eroded public finances, hit the currency and dried up commercial banks’ dollar supplies needed for basic imports.

Fidelity Bank Partners NEPC, LBS To Boost Export Capacity

FBN Holdings Announces Appointment Of Nnamdi Okonkwo As New GMD

Fidelity Bank Plc has gone into a partnership with the Nigerian Export Promotion Council (NEPC) and the Lagos Business School (LBS) to establish the Export Leadership Institute as part of its efforts to promote activities in the non-oil sector and also empower exporters in the country.

The Managing Director/ Chief Executive Officer, Fidelity Bank, Mr. Nnamdi Okonkwo, said the initiative would also help support the federal government’s drive towards diversifying the economy.

He stated that the goal of the Export Management Programme is to deliver impactful and world-class export management education to equip Nigerian MSMEs with the knowledge and business know-how required to compete effectively in international markets.

“Nigeria’s economy is facing severe headwinds on account of the falling crude oil prices and the direct consequence of increasing value erosion of the naira. This is further heightened by the current international trade paradigm which is mostly import driven.

“Foreign exchange earnings in Nigeria are largely from oil exports which account for over 90 per cent of total export receipts. The current currency debacle hinges on supply side dynamics as we have lost over 70 per cent of our dollar revenues in the last 18 months due to the falling crude oil prices. Hence, it is quite obvious that the key to growing the value of the naira is the diversification of Nigeria’s dollar revenue base via non-oil exports.

As further proof of our strong commitment to the growth of the Nigerian economy, we are collaborating with the NEPC and LBS to establish the Export Leadership Institute, the platform under which the Export Management Programme, a flagship export capacity development programme, will run,” he added.

He hinted that the bank would  also support MSMEs that goes through the programme with appropriate financing solutions to enable them meet their export financing needs.

 

Sunderland Signs Partnership With Acacia

Sunderland AFC Signs Football Partnership with Acacia Mining

England’s Premier League football club, Sunderland AFC expanded its relationship across Africa with a new football partnership agreement it signed to help a Tanzanian company, Acacia Mining Plc with its community social responsibility (CSR).

The football partnership signed by the Black Cats would deliver its globally recognised community sports initiative to community sites across the north-west region of Tanzanian in support of Acacia CRS.

The partnership would  see the English club work with local football clubs in the Kahama and Tarime districts North West Tanzania.  Sunderland AFC would operate in these areas eight to 10 weeks a year, working to deliver Acacia Maendeleo Fund dedicated CSR programmes.

Sunderland’s head of international football development, Graham Robinson, who would be  delivering the partnership in Tanzania, was already familiar with the communities in which the club would be operating in and is excited to get started.

Graham said: “Community football is the starting point for many players and through our partnerships in Africa, we have a long-held commitment and reputation for investing in community and education programmes. The partnership with Acacia Mining through the Acacia Maendeleo Fund will allow us to fully deliver the programme over a sustained period of time, leading to a more successful initiative.”

Alongside Sunderland AFC’s partnership with Acacia Mining, the club has a long-standing partnership with Symbion Power, the highlight of which was the state of the art Jakaya M. Kikwete Youth Park in Dar es Salaam, where the club is providing technical and practical support to the park.

Sunderland AFC’s commercial director, Gary Hutchinson, said: “We are thrilled to further build upon our strong links with Tanzania thanks to this unique and exciting partnership with Acacia Mining.

“We have already implemented a number of significant community-based work across Africa, with particular emphasis on Tanzania and the club is making great progress in developing its international reputation. Building these positive relationships, from both a business and community perspective, are helping us to spread the message of Sunderland AFC, whilst making a tangible difference to local communities.”

Acacia Mining’s Vice President Corporate Affairs, Deo Mwanyika said, “This partnership is one of many community development programmes Acacia is conducting at our three mines.  We understand the importance of early education and talent building let it be in the class room or on a football pitch; we see this program providing that opportunity for our young to learn from professionals at the same time develop their passion and talent in football.

“We all know how important sport and particularly football can be for helping to develop key life skills and we will, with Sunderland, develop a group of young coaches who will help ensure that grassroots football flourishes and continues to impact young girls and boys in the Lake Zone for years to come.

“Sunderland will also work with Stand United to help build solid links to grassroots football in the region. As in all our work we will strive to ensure girls and young women are included and take the opportunity to have open and frank conversations about the importance of girls completing their secondary education.”

Afraid of Heights? These Are Top 5 Ways To Handle Turbulence On Flights

Do you recall how you felt the last time your plane was hit by turbulence?  It is difficult not to get distressed and frightened by the sudden, erratic shaking of the aircraft.

While it is a huge concern for anyone who is nervous about flying in Nigeria, there are ways it can be managed to ensure it does not become a nerve-wrecking experience. Jovago.com, Africa’s No.1 online hotel booking service offers top 5 ways to handle turbulence on local flights.

Breathe deeply as often as you can

Deep breaths can be very helpful while enduring an episode of turbulence. Rather than fret and worry, close your eyes, inhale and exhale deeply as frequently as you can. Also, you can carry a paper bag which you can use as an anti-hyperventilating device as well.It is very good as reducing anxiety.

Remain buckled to your seat

The most important thing to do when there is turbulence is to stay buckled to your seat. Refrain from walking around or moving from one corner to the other. No matter how afraid you are, sit still and ensure you only raise your hand if you need to signal an air hostess for anything. Sitting still rather than walking around helps you stay calm and reduced chances of injury or accidents in the case of severe turbulence.

Try the rubberband technique

This is not a common technique and might not work for everyone. The rubber band technique is such that you wear a rubberband around your wrist and snap the rubber band against your skin anytime you feel yourself becoming agitated such that the pain is a reality bite that takes your mind off any particular situation that makes your anxious or gives you a fright. Adopting this method helps with turbulence. It distracts you from it and cuts out chances of you being traumatized by the movements.

Listen to slow, calming music

The fear for turbulence has a way of kicking up fear inside of you, making it hard for you to be calm or focused on any flight. You find your mind consumed on the possibility of turbulence, how it could lead to crash and how it would mean the end of your life or worse, a maimed body. You mind wanders and perfectly normal flight noises seem like sounds that do not exist. Listening to peaceful and calming music help you manage yourself on the flight and even when an actual turbulence is going on. It occupies your mind and takes off a lot of stress that comes with turbulence.

Avoid caffeine products

Caffeine products, especially coffee may seem like the perfect drink for a long flight, but it can cause as an overly hyper state of mind will only exacerbate your anxiety when you have to deal with turbulence. Avoid taking any caffeine product before or while you are on the flight, instead, go for other liquids that will keep you hydrated. A glass of one can be very good for calming the nerves.

4 Signs You Are A Difficult Hotel Guest

You may know how to ask hotel staff for things, how much to tip, how to book, when to push your cause and when definitely not to, but while these are key things that are supposed to mark you out as a good guest, there is a chance that when you look around at all faces in the hotel, you find that everyone around has an unhappy expression aimed in your direction. This may be due to an unconsciously misspoken word or wrong body language but the good  thing is that you can turn the tide in your favour.

To help get your act together, Jovago.com, Africa’s No.1 online hotel booking site share 4 signs that show you are a difficult lodger.

The hotel staff avoids you

If the front desk officer always puts you on hold or the hotel staff is never enthusiastic about completing your requests, it is sure-fire sign that you are a difficult staff. No matter how ill-trained the hotel staff is, one thing they never fail to do is meet the demands of the lodger, so if they avoid that you, the lodger or completely flaunt your requests without much apologies, it is usually because the you are quite difficult to please, you are unreasonable and they are tired of being hounded by him.

You are always complaining about compensation

Nobody loves a complainer, especially not the hotel staff. If you complain and raise your voice at about almost everyone and everything- from room service to state of amenities, and you rant about compensations due to you, you certainly are on your way to the hotel’s black book.  Rather than scream out loud and seek atte`ntion, just ask whom you should speak with to have any problem solved.

While everyone loves freebies, the desire and demand for them at the moment can be a huge problem. Continually demanding for free bits from the hotel is a sure way of getting yourself being marked out as difficult.

You break rules and never tip

Every traveller understands the importance of tipping as though life depends on it. However, the most difficult of lodgers are the types who never tip! No matter the number of errands run by the local junior stuff in the hotel they never gift them or appreciate them .They do not understand why they need to tip these workers when they have paid a fee for their services. As a result, they fail to get favors from these staff. Also, they refuse to follow the basic rules laid down by the hotel. For instance, they smoke in rooms with signs that indicate that smoking is prohibited.

You get a formal notice to leave

This is the most tangible sign. Most lodgers believe that the moment they pay for a hotel, they cannot be asked/forced to leave or be evicted. They start to misbehave and do things that are not just detrimental to him but the hotel as well. Unfortunately for these breed of people, they eventually get served a formal (although pleasantly worded) letter asking them to leave the hotel, refunds for their lodge made to them accordingly.

6 Ways to Prepare For The Rainy Season in Lagos

As much as Lagosians have been looking forward to the rainy season, waiting for it to commence in full swing as it would reduce the heat that has made some inhabitants of the city uncomfortable since the new year, they are not oblivious to the fact that the rain would also come with new challenges that can make the period almost as equally daunting as the heat. Fortunately, the wet season can be amazing once you are prepared for its peculiarities.

Living in Lagos and need tips on how to prepare ahead? Jovago.com, Africa’s No.1 online hotel booking portal has 6 life-changing nuggets just for you.

Invest in durable rainy season gear

There are certain gears that are built to protect you from the rain. From the umbrella and raincoat to wellies and waterproof shoes, these gears decrease your chances of being traumatized by the unpredictable weather.

The thing about rain-protective clothing is that they can be a bit bulky but a good way to tackle that is to purchase pocket or handbag-sized materials such as mini-umbrella or shower cap for women who have hair to protect.  You also have to make sure these gears are or good quality and will not give way with the first gust of wind or pellet of rain.

Install your mosquito nets

With the rainy season comes the mosquitoes. Most residents in Lagos are plagued with these insects as the rainy season is a major cause of water puddles across the city. These puddles form breeding grounds for the female Anopheles breed of mosquitoes which transmit the awful malaria parasite.

To protect yourself from getting infected and falling sick, ensure you install mosquito nets around your sleeping areas. Also, invest in insecticide sprays and mosquito coils. “Sniper” is a product that most Lagosians use as it is very effective in warding off mosquitoes.

Stock up on Vitamin Cs

While there is no tangible proof that Vitamin C is a strong protection or cure for the common cold, it is good to stock up your medicine cabinet with the supplements.

The rainy season comes with it cold and as such flu and fever. Vitamin C, if nothing else, is a huge immune system booster and can increase your antibodies’ abilities to repulse and tackle the cold virus faster. If you do not want to take the supplement as pills, endeavor to stock up on freshly squeezed juice and fruits as well.

Replace your windshield wipers and check your car battery

For those who are mobile and would definitely have to drive under the rain, ensure you check and tighten your windshield wipers  or at best, replace them as the heat and dust from the dry season breaks down the rubber and makes it not suitable for the rainy season.

Check your battery to ensure that it is fit to survive the pools of water you may have to drive through. A weak battery can cause your car to die off, thus leading to more damage and extra costs that may come from towing.

Get your roof ready for the rains

The first thing to do before the rain starts is to inspect your roof twice to look for cracks along the ridge as well as where your shingles fold over to form the cap to ensure that you do not have any missing, loose or curled shingles.

Also, inspect the valleys of the roof to make sure the sheet metal flashing does not have any holes or rusty spots. In cases where there are things that need to be fixed, fix them or replace them to avoid moisture leaks inside your home that can weaken your wall, ceilings and cause more expensive damages.

Unclog your gutters

Flooding is a high risk associated with the rainy season and this is usually fostered by the lack of a proper drainage system or clogged gutters.

Before the rain season starts with full force, inspect your gutters to make sure that they drain properly and that they do not cause water to back up. Also, ensure that you do not have any down pipe clogs. If you do not have any gutters at all, you may want to build one before the rains start as well.

IPI Assembles Tata Trucks In Nigeria

A steel fabrication company, Iron Products Industries (IPI), has started assembling the Tata brand of vehicles and other types of commercial vehicles including passenger buses, light and heavy duty trucks in Nigeria.

According to IPI’s Director of Operations, Mr. Davies Obinna Ikegbula during a media visit to the company’s production facilities in Ikotun, a densely populated area of the nation’s commercial center, Lagos State, the company started as a steel fabricator before joining the likes of Innoson and Peugeot Automobile Nigeria (PAN) to assemble automobiles.

Mr. Ikegbula told the visiting journalists that the country would be the hub of Africa’s automotive industry if government’s implements effectively its automotive policy – National Automotive Industry Development Plan (NAIDP).

He said automotive policy has the potential to drive development or growth of the sector into a major base for the economy and make the country an hub of Africa’s automotive industry, he also called for a timely execution of the policy to discourage vehicle importation and encourage local production.

“This can help boost activities in the industry and lead to the production of affordable, but top quality vehicles for the local market and export”, he added.

He said the existing auto plants and potential original equipment investors have the capacity to meet the nation’s vehicular needs, including passenger cars, commercial vehicles – pick-ups, light and heavy duty trucks and special purpose articulated vehicles like haulage tankers and trailers.

Mr. Ikegbula implored the Federal Government to introduce incentives and policies that would help the local industry to thrive, in addition to addressing the challenges that militated against progress in the industry among which was power and high exchange rates.

The plants dedicated to assembly the Tata brand of vehicles, were been used for the Howo, Sinotruk heavy duty trailer heads and could also be used for the construction trailer bodies, tankers and underground steel tanks.

OIL & GAS JOBS | Accountants at Blue Leverage Inspection Oil and Gas Limited

Blue Leverage Inspection Oil and Gas Limited is an indigenous owned company it was established with the sole purpose of giving solutions to clients in the Oil and Gas Industry with high level of professionalism in line with our set goals and objectives, looking forward to absorb more skilled and dynamic Chemical Engineers in other to reach high production and service demand in Nigeria Oil and Gas.

We are recruiting to fill the position below:

Job Title: Accountant

Location: Lagos

Job Description

  • Implements and controls all internal procedures related to Accounts
  • Ensures that the accounting software is accurate and up-to-date
  • Analyses the reports received from all the Accounts section on a weekly basis
  • Reconciles the Inter-Company Accounts as well as Customer, Vendor and banks on a monthly basis
  • Reconciles and closes the Trial Balance monthly, on the 7th working day of the following month
  • Compares the Budget vs. Actual figures and explains the variances
  • Ensures that all financial decisions taken strictly adhere and fall within the legal framework/ regulations of the country of operation
  • Coordinate with Auditors to close the year, and finalizes the end of year financial results
  • Coordinates with the Tax Authorities of the country of operation
  • Reviews and manages the company payroll and assure employee payments are done within the country laws and regulations.
  • Plays a key role in the preparation of budget of his operation.
  • Assures that all accounting principles are in line with IFRS
  • Maintains organized set of detailed records and files to document financial transactions
  • Handles the cash management and the movement of funds in banks
  • Oversees the payments done and assures that all supporting documents are available.

Desired Skills and Experience

  • A minimum of 2 years of experience
  • HND/B.Sc./MSc. in Administration (Accounting/Finance), Mathematics/Statistics, Economics
  • Certified Member of an Accounting Professional Body (ACCA or CPA)
  • Teamwork and communication skills
  • Fluent English
  • Good team work management
  • Problem solving.

Application Closing Date
28th May, 2016.

How to Apply
Interested and qualified candidates should submit their Resume and Cover letter to:info@blueleverageoil.com

OIL & GAS JOBS | Operations Manager at Engine. Oil and Gas

Engine is a technology-recruitment company. We apply the latest cutting-edge technologies to attract the best talent faster and more efficiently. On another level, our approach involves deep understanding of very specific technical disciplines, strong analytics and data-driven recruitment process.

We are recruiting on behalf of our client a leading International Supplier of Construction Equipment to fill the position below:

Job Title: Operations Manager

Location: Nigeria

Job Descriptions

  • Our client, one of the leading international supplier of construction equipment, is looking for Operations Manager to lead day to day operations at the regional level.
  • Position is available for expatriate candidates.

Responsibilities

  • Manage service operations and sales departments.
  • Achieve key business targets for the region.
  • Implement strategic initiatives to improve the customer service processes.
  • Effectively manage cross-functional team.
  • Be responsible for profit & loss, CAPEX, budgeting and planning.

Background

  • Higher degree.
  • Extensive managerial experience in operations management in oil & gas, mining or construction units of leading international dealers.
  • Strong industry knowledge, business acumen and strategic thinking.
  • Effective problem solver with outstanding customer service and communication skills.
  • Fluent English.
  • Ready to relocation.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should APPLY

BUSINESS & ECONOMY JOBS | Marriott International Fresh Job Recruitment (3 Positions)

Marriott International is a leading global lodging company based in Bethesda, Maryland, USA, with more than 4,100 properties in 79 countries and reported revenues of nearly $14 billion in fiscal year 2014. Its heritage can be traced to a root beer stand opened in Washington, D.C., in 1927 by J. Willard and Alice S. Marriott.

Marriott has more than 361,000 people working worldwide at managed or franchised properties and corporate offices. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 49M members.

We are recruiting to fill the following vacant positions below:

CLICK HERE TO VIEW JOB DETAILS AND APPLY

BUSINESS & ECONOMY JOBS | Co Creation Hub (CcHUB) Fresh Graduate & Exp. Job Recruitment (7 Positions)

Co Creation Hub (CcHUB) is Nigeria’s first open living lab and pre-incubation space designed to be a multi-functional, multi-purpose space where work to catalyze creative social tech ventures take place.

The HUB is a place for technologists, social entrepreneurs, government, tech companies, impact investors and hackers in and around Lagos to co-create new solutions to the many social problems in Nigeria.

We are recruiting to fill the following positions below:

CLICK HERE TO VIEW JOB DETAILS AND APPLY

Naira Remains Static at N322 Per Dollar Two Days After Easter Break

The Naira on Wednesday, March 30, maintained its exchange rate at N322 to a dollar. It also remained firm against the two other major currecies, the pound sterlin which exchanged at N448 and the \euro which sold for N355.

However, at the official interbank rate, N197, was exchange for a dollar.

Some traders at the parallel market lamented that the high exchange rate was discouraging to customers.

Meanwhile, the apex bank, in its last Monetary Policy Committee (MPC) meeting, said that excess liquidity in the banking system was contributing to the current pressure in the foreign exchange market.

 

Super Eagles Player Get $400 Each for Egypt Trip

Each player of the Nigerian Super Eagles received $400 as allowances from cash-strapped Nigeria Football Federation, NFF, for their trip to Alexandria, Egypt, it has been Revealed

This was far short of $1,000 each player usually received as allowances for an away game.

It was further  learnt that for the 1-1 home draw in Kaduna, the players were paid in Naira the equivalent of $2,500.

“Most of the players were unhappy with how they were treated as everyone was for himself after the match in Egypt,” a source informed AfricanFootball.com.

The Senior National Team of Nigeria will be missing out of the 2017 African Cup of Nations after losing 0-1 to Egypt in the qualifiers.

PPPRA Slashes NNPC’s Allocation for Q2 Fuel Imports

The Petroleum Products Pricing Regulatory Agency, PPPRA, has slashed the second quarter petrol import allocations to the Nigerian National Petroleum Corporation, NNPC, and the private oil marketing companies.
There are indications that the development will potentially ease the current product shortages.

It was learnt that as part of the measures to correct the distortion and imbalance created by the reduction of the private marketers’ allocation to 28 per cent in the first quarter, the pricing regulatory authority has also slashed the allocation given to the NNPC from the 78 per cent in the first quarter to 41.73 per cent.

The Minister of State for Petroleum, Ibe Kachikwu, who held a meeting with the private marketers at the NNPC Towers in Abuja, on Wednesday, March 30, also warned the oil firms that any of them that failed to perform in this second quarter would be excluded from importation of petrol throughout this year.

CBN To Raise N219billion In Short-dated Treasury Bills

The federal government plans to raise N218.89 billion in short-dated treasury bills on April 7,

The Central Bank of Nigeria, CBN, on Wednesday, March 30, said yesterday.

The bank said it will sell N55.40 billion of three-month and N33.49 billion of six-month bills and N130 billion of one-year debt, using the Dutch auction system.

The results of the auction are expected to be released on Thursday. According to the central bank’s issuing calendar for treasury bills, the same amount of bills on offer will also be due for repayment the day of the auction.

Nigeria issues treasury bills as part of a borrowing plan to finance part of the government budget deficit, help manage liquidity in the banking system and curb inflationary growth.

FCMB Group Posts N4.8billion Profit After Tax

FCMB Group Plc, FCMB, has released its financials for the year ended December 31, 2015, posting a profit before tax (PBT) of N7.8billion, while profit after tax stood at N4.8billion.

The released audited result shows that FCMB’s revenue was up by 3 per cent to N152.5 billion in 2015, as against N148.6 billion in 2014.

Following the profit, FCMB has recommended a dividend of 10 kobo per share to all shareholders.

However, net interest income plunged by 12 per cent Year-on-Year (YoY) to N63.9 billion, compared to N72.6 billion in the previous year. Fees and commissions rose by 10 per cent to N15.8 billion, driven by a strong surge in electronic banking income, offsetting the drop in commission on Turnover and Trade Finance fees.

Other income slid by 31 per cent to N8.8 billion due to a N4.8 billion reduction in foreign exchange gains. Total assets dropped marginally by 1 per cent to N1.16 trillion.

Commenting on the financial results, Managing Director of FCMB Group Plc, Mr. Peter Obaseki, said: “Full year 2015 result, came in with profit after tax of N4.8 billion; although underlying top-line and sustainable revenue momentum remains strong and in line with our strategic thrust.’’

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