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Militants Taunt Pakistan PM on Easter Day Bombing

Nawaz Sharif, Prime Minister Pakistan

The Pakistani militants who bombed a Lahore park on Easter Sunday, killing 70 people, taunted Prime Minister Nawaz Sharif on Tuesday, declaring their war had come to his doorstep.

The military has said it is hunting the Taliban’s Jamaat-ur-Ahrar faction and has carried out several raids since the suicide bombing, but neither the military nor the government has given any details.

Jamaat-ur-Ahrar claimed responsibility for the bombing, saying it had targeted Christians celebrating Easter and warning it would step up attacks.

Lahore is the capital of Punjab, Pakistan’s richest and most populous province and Sharif’s political heartland.

“Let Nawaz Sharif know that this war has now come to the threshold of his home,” tweeted Jamaat-ur-Ahrar spokesman Ehsanullah Ehsan. “The winners of this war will, God willing, be the righteous mujahideen.”

Jamaat-ur-Ahrar, an independent faction of the Pakistani Taliban which and also previously declared loyalty to Islamic State, has carried out five major attacks in Pakistan since December.

In a televised address to the nation on Monday, Sharif vowed to continue pursuing militant groups.

“I am here to renew a pledge that we are keeping count of every drop of blood of our martyrs. This account is being settled, and we will not rest till it is paid,” Sharif said.

The prime minister did not mention what steps would be taken in the aftermath of Pakistan’s worst militant attack since gunmen stormed a Peshawar school in December 2014, killing 134 children.

Military and government officials on Monday said that the military was preparing to launch a new paramilitary counterterrorism crackdown in Punjab.

The move, which has not yet been formally announced, represents the civilian government once again granting special powers to the military to fight Islamist militants.

“The PM ordered a joint operation of the counterterrorism department and Rangers in the border areas of Punjab against terrorists and their facilitators,” said one government official who attended a meeting with Sharif and Punjab officials on Monday.

Two military officials and one other government official confirmed the decision on condition of anonymity. Sharif made no mention of the crackdown in his speech, and his party has long opposed any militarised operation against militants in its heartland.

The government also announced that Sharif would be cancelling a planned trip to the United States to attend the Nuclear Security Summit, due to begin on Thursday.

Pakistan’s security agencies have long been accused of nurturing some militants to use for help in pursuing objectives in Afghanistan and against old rival India.

The Pakistani Taliban are fighting to topple the government and install a strict interpretation of Islamic law. Sharif’s opponents have accused him of tolerating militancy in return for peace in his province, a charge he strongly denies.

 

Anti-Corruption Campaigners Petition EFCC

EFCC Subsidy Fraud
EFCC

A group of anti-corruption campaigners, the Civil Society Network Against Corruption (CSNAC) has submitted a petition to the Economic and Financial Crimes Commission (EFCC) requesting it to commence investigations into an alleged non-remittance of revenues generated by about 600 federal government agencies.

In a petition signed by CSNAC Chairman, Olanrewaju Suraju and forwarded to the acting chairman of the anti-graft commission, Ibrahim Magu, the group said the alleged non-remittance of generated revenue was a great disservice to the nation and an act of economic sabotage.

The coalition said it took its cue from a report last month by The Cable, where it was reported that about 600 government agencies under-remitted generated revenues to the government coffers.

According to the report, these agencies include the Nigerian National Petroleum Corporation (NNPC), the Nigeria Television Authority (NTA), the National Agency for Food, Drug Administration and Control (NAFDAC), the Nigeria Ports Authority (NPA), and others.

“In a National Assembly Budget and Research Office (NABRO) report, obtained by The Cable, titled ‘Improving revenue collections and remittances by federal government agencies,’ it was gathered that the NNPC, which should have remitted N3.02 trillion to the Consolidated Revenue Fund (CRF) between 2007 and 2011, made no payment.”

According to the report, the Federal Government has nearly 600 agencies covering a wide spectrum of activities such as central and mortgage banking, insurance, oil and gas, maritime administration and safety, air and sea port management and so on.

“These agencies control trillions of Naira, but paradoxically, they account for only 5 per cent of the Federal Government budget deficit financing…the record shows that none of them, except those managed by technical partners (NITEL, NIGERDOCK, NAFCON etc.), make profits.

“Furthermore, the Federal Government under Goodluck Jonathan, and the Ministry of Finance under Ngozi Okonjo-Iweala, in November 2011, directed these agencies (particularly the revenue generating agencies) to remit 25 percent of their gross operations revenue to the CRF.”

According to the report by The Cable, this led agencies to under-report their revenues, allowing them to remit less to the Federal Government.

The coalition stated, “In recent times when the country is experiencing severe economic hardships due to low revenue from crude oil sales and foreign exchange, the billions of revenue generated from various government agencies, if remitted, would have gone a long way in cushioning the effects of the economic realities. The non-remittance of generated revenue by the aforementioned agencies is a great disservice to the nation as well as an act of economic sabotage.

“CSNAC is therefore demanding that the EFCC conducts a thorough investigation into the issues raised herein as well as the prosecution any individual found culpable. This will contribute greatly to sanitizing government agencies in Nigeria,” the petition reads.

Palm Oil Slips From Two-year High

Malaysian palm oil futures slipped on Tuesday as commodities traders to took profits after recent gains that saw it trading at a price above its two years high.

The palm oil that would be delivered to buyers in June on the Bursa Malaysia Derivatives Exchange fell 0.5 percent to reach 2,748 ringgit (US$687) per tonne by midday. It earlier rose to match Monday’s intra-day high of 2,764 ringgit, the strongest since March 21, 2014. Traded volumes were 14,969 lots of 25 tonnes each.

The ringgit, the currency palm oil is traded in, strengthened by 0.3 percent against the dollar to reach 4.0005 around noon. A stronger ringgit makes palm more expensive for foreign currency holders.

According to reports,“Palm fell on ringgit strength, and technically the market was overbought. Profit taking emerged”.

Palm has surged 2.8 percent since Thursday’s close, over concerns that a drought cause by the El Nino weather pattern would impact fresh fruit yields. The El Nino, which normally brings scorching heat across Southeast Asia, may lower Malaysia’s annual palm output by 2 million tonnes in the oil year ending September 2016, said a leading industry analyst.

Malaysia is the world’s second-largest palm producer, after Indonesia.

Palm oil may break a support at 2,729 ringgit per tonne and fall towards the next support at 2,695 ringgit, as it failed to break a resistance at 2,776 ringgit, according to Reuters market analyst for commodities and energy technicals Wang Tao.

In competing vegetable oil markets, the May Chicago Board of Trade soy oil contract fell 0.1 percent, while the September soybean oil contract on the Dalian Commodity Exchange gained 0.2 percent.

Palm oil is a commodity which the federal government of Nigeria would be looking at as an alternative to generate foreign exchange with its potential of exporting an annual output of over 2 million tonnes. Malasia gots its initial palm oil seedling from Nigeria in the late seventies.

Dogara to Sponsor Treatment of 5,000 Patients in Bauchi

Yakubu Dogara, Speaker, Nigeria's House Representative Denies Media report

In a bid to succour to the less-privileged in his constituency, Speaker, House of Representatives, Yakubu Dogara has sponsored the treatment of over 5,000 patients in Bauchi State.

The free medical services was launched at the Abubakar Tafawa Balewa University Teaching Hospital (ATBUTH), Bauchi, it would be rendered by a team of professional doctors known as ‘Doctors on the move Africa’ and would last for two weeks.

At the opening ceremony, Dogara, represented by a member of the House of Representatives from Misau/Dambam constituency in Bauchi State, Ahmed Yerima, explained that the free medical services to be provided include; tests and screening on diabetes, blood pressure, hypertension, HIV/AIDS and Hepatitis.

He further added that ultra-sound scanning, public health campaigns and surgeries of lipomas, hernia, fibroids and goiter would also be conducted by the doctors during the two weeks exercise, saying each day, beneficiaries from two local councils would be attended to.

During a visit to the Emir of Bauchi’s palace, Dogara told the monarch that in January this year, patients from Bogoro, Tafawa Balewa and Dass local councils had benefited from such gesture and is now extended to all the 20 councils in the state.

Ban Ki-moon Regrets Comments on W.Sahara

Ibrahim Gambari

U.N. Secretary-General Ban Ki-moon regrets a “misunderstanding” over his use of the word “occupation” to describe Morocco’s annexation of Western Sahara, which led to Morocco expelling dozens of United Nations staff, his spokesman said on Monday.

Earlier this month Ban used the word “occupation” to describe Morocco’s annexation of Western Sahara in 1975, when it took over the arid territory along the Atlantic Ocean from colonial power Spain.

“His use of the word was not planned, nor was it deliberate, it was a spontaneous, personal reaction. We regret the misunderstandings and consequences that this personal expression of solicitude provoked,” U.N. spokesman Stephane Dujarric told reporters.

The controversy over Ban’s comments is Morocco’s worst dispute with the United Nations since 1991, when the U.N. brokered a ceasefire to end a war over Western Sahara and established a peacekeeping mission, known as MINURSO.

Ban said the word during a visit to refugee camps in southern Algeria for the Sahrawi people, who contend Western Sahara belongs to them.

Morocco then ordered the United Nations to pull out dozens of civilian staffers and close a military liaison office for the MINURSO peacekeeping mission. It said its decision was irreversible, but that the government was committed to military cooperation to guarantee a ceasefire. [nL5N16W54W]

“Nothing (Ban) said or did in the course of that trip was meant to offend or express hostility toward the Kingdom of Morocco, which is a valued member of the United Nations,” Dujarric said.

Rabat has accused Ban of dropping the United Nations’ neutral stance on the Western Sahara dispute.

“The position of the United Nations has not changed,” Dujarric said. “He has not and will not take sides on the issue of Western Sahara.”

U.N. officials had repeatedly urged the U.N. Security Council to publicly voice its support for Ban and MINURSO, which the 15-nation body did late last Thursday in New York. [nL5N16W54W]

However, the council did not explicitly order Morocco to reverse its decisions or address Ban’s use of the word “occupation.” Some U.N. diplomats had blamed the council’s days of silence on Morocco’s ally France, along with Spain, Egypt and Senegal.

The U.N. MINURSO mission, which consists of military and civilian staff, monitors the Western Sahara ceasefire and is charged with organizing a referendum over the region’s future. But deadlock has delayed the vote for years.

U.S. Wants Realistic Naira/Dollar Exchange Rate

United States’ Assistant Secretary of State for Africa, Linda Thomas-Greenfield told an audience at the U.S. Institute of Peace that Nigeria should make the exchange rate of its currency, Naira, against the U.S. dollar more realistic.

Thomas-Greenfield said the parallel currency market in Nigeria was “alive and well,” warning that a rigid exchange rate, capital controls and import bans could undermine President Muhammadu Buhari’s efforts to expand economic growth and fight corruption.

“While most people complain about the possibility of there been a devaluation, people are already operating on a devalued currency, and the only people who are not, are people who are doing it officially,” Thomas-Greenfield said.

“Our recommendation is, and we will have discussions about it … that they should look at the exchange rate and try to make the exchange rate more realistic to what the value of the naira is to the dollar,” she added.

She spoke ahead of talks in Washington to be launched by Secretary of State John Kerry on Wednesday which would focus on Nigeria’s economy, security and development.

“Capital controls that limit access to foreign exchange rewards insiders and undermines the stated goals of Nigeria to increase domestic production because both Nigerian and foreign investors alike tell us many businesses are unable to obtain the capital to purchase badly needed intermediate goods,” she said.

Nigeria faces its worst economic crisis in decades as the falling price of oil has slashed revenues, prompting the central bank to peg the currency and introduce curbs to protect foreign exchange reserves, which have fallen to an 11-year low.

Some members of Nigeria’s central bank monetary policy committee have said the naira should be devalued, an idea that was rejected by President Mohammedu Buhari.

The naira trades some 40 percent below the official rate on the black market against the dollar as the central bank last year pegged the exchange rate to curb speculative demand for the dollar and conserve foreign exchange reserves after it restricted access to hard currency for imports of certain items, frustrating businesses.

The International Monetary Fund called on Nigeria to lift the curbs and let the naira reflect market forces more closely, as the restrictions have significantly affected the private sector.

Kaymu.com.ng announces Top Search And Purchase Trends of Q1 2016

It’s the first quarter of the year and the results of the most searched and purchased items compiled by the Kaymu Business Intelligence and SEO teams are out. The Android Tablet with a Detachable Keyboard tops the list as the most purchased item and Tecno Mobile gets the top spot for the most popular search.

“Most buyers search for generic fashion items like women’s clothes, shoes, as well as popular tech gadgets like iPhone 6 or Android tablets and naturally this is correlated with what they end up purchasing,” commented Idris Muhammed, Head of Business Intelligence at kaymu.com.ng. “We made sure we exhausted every data available at our disposal to compile this list and it can be seen that most online shoppers have one thing in common: the desire to have the best shopping experience without leaving their comfort zones”.

The Kaymu BI and SEO teams’ top 10 list for Most Searched Items in Q1 2016;

  1. Tecno Mobile : Tecno phones top our search for the 1st quarter of 2016. Tecno phones have managed to gain popularity amongst people looking to buy affordable Android phones with unique features that end users enjoy. With fingerprint sensor phones, low light camera phones with LED flash, pre installed music player app, Tecno phones have remained cost-effective and of high quality which is the major reason they are sought after.
  2. iPhone 6 : With Over 61 million iPhones sold worldwide and with no signs of sales slowing down, it is no surprise that the iPhone 6 is at the 2nd position on our list. With geo-tagging, face and smile detection, fingerprint sensor, active noise cancellation with a dedicated mic, iOS 8 pre-installed (upgradable to iOS9.3) and ion-strengthened glass, iPhone 6 is definitely worth having.
  3. Brazilian Wool: This is a favorite amongst women. In place of the industrial thread commonly used, yarn hair (Brazilian wool) is good for braids, twisting, yarn dreads and faux locs. Its affordability and long lasting locs are the main reasons why it’s in demand.
  4. Infinix Zero 3: At the 4th position is Infinix Zero 3 which is presently one of the best and most affordable smartphones available. Launched in December 2015 as a successor to Infinix Zero 2, it has a 2.2GHz octa-core CPU, Android 5.1 Lollipop OS, up to 5248 x 3936-pixel and an autofocus camera with LED flash. Infinix Zero has undoubtedly blown the mind of many.
  5. Cape Top Dress: This trendy and fashionable wear earned the 5th spot on our list. The attached cape which comes as off shoulder is what makes this dress attractive. It’s often made in different styles and colors.

Kaymu BI and SEO teams’ top 5 most purchased items in Q1 2016:

  1. Android Tablet with Detachable Keyboard -7′: This Android tablet tops our list of most purchased items for Q1 2016. It supports Wi-Fi, 2G and 3G, it has a front and back camera with a flashlight, a built-in 3D accelerator and an enabled support for 3D gaming. Its affordability has earned it the rank of the most purchased item.
  2. Invisible Five Toes Socks : These super comfortable socks with medium thickness have gotten all male fashion lovers hooked.  They are fashionable yet lined with deodorant to eliminate foot odours. They are durable, stylish, and certainly comfortable to be worn with mocassins, loafers, or any other low-cut shoes accompanying a traditional outfit.
  3. White Leopard Skin Woven Watch: For a while now, fashionable wrist watches have remained one of the most purchased items, but this white leopard skin woven watch tops the list. With a weekly sold-out record, this watch is definitely a force to be reckoned with.
  4. Teeth Whitening Gel Pen: At the 4th spot is the teeth whitening gel pen made to refine the color of the teeth which produces clear results immediately after the first round of use.Quite convenient and simple to use, the teeth whitening gel pen is an effective choice for those looking for an easy fix for their imperfect teeth.
  5. Power Bank with USB Lamp – 30000mAh: Specially designed for USB enabled devices with a 5V port, this power bank is an external battery that offers power supply to gadgets (Phones, Tablets,Laptops). Its popularity and high demand earned it the 5th spot on our list. Surely, with recurring fuel and power issues in the country, it’s hard to find somebody not carrying a Power Bank these days.

Guinness advocates improved access to safe water on World Water Day

guinness-world-water-day
L-R Director, Sustainability Centre, Lagos Business School, Sir Chris Ogbechie, Managing Director, Guinness Nigeria Plc, Peter Ndegwa, Dean, Lagos Business School, Enase Okonedo at the 2016 World Water Day Symposium which held at the Lagos Business School Auditorium, Ajah, Lagos

Nigeria’s leading beverage company, Guinness Nigeria Plc has reiterated the need for companies, individuals and government to work assiduously in enabling more communities have access to clean and safe water across Nigeria. This was the crux of the message delivered by Peter Ndegwa, Managing Director of the giant brewer at a symposium the company organized to mark this year’s World Water Day.

According to Ndegwa, “At Guinness Nigeria, we recognize the pivotal role water plays in our communities, both as a domestic resource and also a crucial enabler of the global economy, in particular for food production and security, health, energy, industry, and the functioning of ecosystems. As such, our commitment to providing safe water to Nigerian communities remains unshaken. Water stewardship is a very important part of our operations; guided by our water blueprint, we strive to conserve water so that this resource is available for use today and for unborn generations.”

In his keynote speech at the event, renowned Economist and Professor of Political Economy, Prof. Pat Utomi, underscored the centrality of water to human existence, while calling on all stakeholders to demonstrate creativity around the use of water.

“The water value chain provides opportunities for socio-economic development of our country. If properly harnessed, it can create lots of jobs and can add real economic value to the country, giving impetus to the diversification of Nigeria’s economy” Utomi said.

Delivering her welcome address, the Dean of Lagos Business School, Dr. Enase Okonedo said the school has consistently pushed the sustainability agenda across industries with a strong focus on business ethics as partof its curriculum.

“LBS has always provided a platform for Nigeria’s development over the years.  Therefore, we are pleased to partner Guinness Nigeria to enhance and deepen the conversation around sustainability in Nigeria. Clearly, there is need to give serious attention to water issues, considering its crucial role in preserving our lives,” Okonedo added.

The symposium themed, Water as a Driver of Sustainable Growth, attracted dignitaries from both the public and private sectors including:  Afolabi Imoukhuede, Senior Special Assistant to the President on Job Creation & Youth Employment; Iyadunni Olubode, Executive Director , LEAP Africa; Tim Connell, Country Director, Concern Universal Nigeria; Bunmi Otegbade, Managing Director  Generation Enterprise; Dr. Grace Olukoi, an environment expert at Lead City University; Oluyomi Banjo an environment expert at the United Nations Industrial Development Organisation (UNIDO), amongst others.

Guinness Nigeria has been in the vanguard of programmes that promote the efficient use of water in Nigeria.  Building on the tradition of Diageo- parent company of Guinness Nigeria- the company has adopted an integrated strategy- the Diageo Water Blueprint– which sets out water management targets that underpin its commitment to water stewardship. Leveraging on its flagship, ‘Water of Life’ scheme, which has provided clean water to over 36 communities in the country, Guinness Nigeria has helped more Nigerians have access to clean drinking water through partnerships with reputable development partners like WaterAid, OXFAM, Concern Universal and WaterHealth International.

The International World Water Day is held annually on the 22nd of March as a means of focusing attention on the importance of freshwater and advocating for the sustainable management of freshwater resources. The day was set aside at the 1992 United Nations Conference on Environment and Development (UNCED) which was held in Rio de Janeiro, Brazil and the first World Water Day was marked on the 22nd of March 1993.

5 Ways to ‘Enjoy’ Lagos Traffic

Lagos and traffic cannot be separated especially as the state marches towards becoming a mega city. Ironically, each time the traffic recedes, you will discover the cause of the gridlock to be as strange as a commercial driver picking passengers on the road or two people parked in the middle of the road shouting at the top of their voices for no major reason. This is the story of Lagos’ traffic… and these notorious roadblocks do not appear to be going away anytime soon.

However, while others groan, you can actually flip the coin and enjoy this situation! Jovago.com, Africa’s No 1 hotel booking portal shares tips on how you can achieve this.

Take Pleasure in comical scenes

There are so many hilarious things that happen on Lagos roads that you cannot help but laughing. You have the conductor shouting at his passengers to board his bus with their change, a tout forcefully collecting money from the commercial buses which sometimes leads to a fight, and two people trying to outwit one another in a shouting match.  There are so many witty dramas that happen in traffic.

Drive alongside a lady

Women have a special effect on men that even best scientists are yet to decipher. So, when you are leaving for home, go with either your wife or your girlfriend. Both of you will keep yourselves company. It is even better if you have a crowd in your car. You exchange banters, talk about office issues and deal with any traffic problems. This can be fun.

Do traffic shopping

After a stressful day at work, you may not be so keen on going to the mall. As an alternative, you can do some traffic shopping. You can  get almost everything for a meal in traffic. If you are not buying perishables, ensure that you bargain as much as you can because the sellers usually hike their prices.

Ignore trouble-makers

If you had an amazing day at work, the shenanigans on Lagos roads can destroy your good mood. So, you must develop a thick skin while driving less you lose it. If you want to enjoy your travel, ignore these troublemakers and ensure that you obey traffic rules.

Turn the music up!

Music is the food of the soul. When driving, wind up, play your favourite music and sing along. This will help you manage the depression that comes with driving in traffic. Do not forget to  concentrate on the road!

POWER & ENERGY JOBS | Ramos Electric Power Limited Fresh Job Recruitment (6 Positions)

Ramos Electric Power Limited (Developers of CFB Coal-Fired Power Plant) is a power generation company with special interests in coal-to-power. We also engage in electrical products; power transmission and distribution equipments and services , instruments, building appliances, industrial automation, PV power generation, equipment manufacturing, etc.

We are recruiting to fill the following positions below:

CLICK HERE TO VIEW JOB DETAILS AND APPLY

MEDICAL & HEALTHCARE JOBS | Reddington Multi-specialist Hospital Fresh Graduate and Exp. Job Recruitment

The Reddington Multi-specialist Hospital is a 5 star medical facility aiming to provide first world Healthcare within a challenging environment providing fully comprehensive tertiary hospital solutions in all medical fields. We seek to add professionally acclaimed individuals to our team.

Qualified applicants are hereby invited for the following vacant positions below:

CLICK HERE TO VIEW JOB DETAILS AND APPLY

IT/TELECOMS JOBS | Customer Support Managers at MTN Nigeria

MTN Nigeria – The leader in telecommunications in Nigeria, and a part of a diverse community in Africa and the Middle East, our brand is instantly recognisable. It is through our compelling brand that we are able to attract the right talents who we carefully nurture by continuously improving our employment offerings even beyond reward and recognition.

We are recruiting to fill the vacant position below:

Job Title: Customer Support Manager

Location: Lagos

Job Description

  • Extract value from what we already have by focusing on optimizing processes within the Unit/Department in line with the value creation philosophy.  This includes individual contributions and recommendations to improve existing business project/initiative, capital/budget efficiency activities within the Unit, contracts review and negotiation in collaboration with the Procurement team, structural changes within the Unit etc.
  • Drive Innovation by identifying and taking advantage of new business opportunities, e.g., by stimulating and encouraging new business opportunities, launch of products, product/process innovation, business model innovation etc.
  • Maintain leadership in the ICT/Digital industry by influencing stakeholders within your immediate ecosystem for MTNN’s benefit. This includes participation in credible external think-tank sessions, involvement in inter-divisional focus Group sessions to improve business performance etc.
  • Enhance/expand MTN’s role in the larger national macro environment by participating in CSR projects and/or NGO’s, involvement in recognized professional institutions, think-tank activities etc.
  • Role model the vital behaviours needed to sustain organisational performance and drive people management activities by being the principal coach for your direct reports using the people management framework. Participate in employee engagement projects such as mentorship, facilitating programs, etc. In addition, support recruitment, on boarding and grievance management processes etc
  • Provide overall operations support for the operations of MTNN Mobile Financial Services system.
  • Work closely with management team to develop and implement organization strategies, policies and procedures with a view to improve MTNN MFS operational systems in support of organization’s mission.
  • Drive and implement new MFS Customer Support initiatives in line with market dynamics to enhance competitive advantage and foster achievement of divisional targets
  • Ensure timely processing and management of  MFS Super  and Retail  Agents’ commissions to ensure prompt and accurate payment
  • Carry out periodic liquidity management checks on Agents to ensure constant availability of Float and cash to serve customers
  • Resolve all MFS Super and Retail Agents queries and complaints relating to commission payments
  • Review agreed activity and performance reports for Management reporting to ensure relevance, accuracy and timeliness.
  • Review, update and implement PPPs
  • Manage the relevant ECW modules and database for MFS and provide system support
  • Build and acceptance network of Merchants to accept Mobile Money as a means of payment.
  • Give necessary support to the Channel team and Agents.

Job Condition

  • Normal MTNN working conditions
  • Regional and national travel
  • Basic banking/financial services operations
  • ECW fundamentals

Requirements

  • Minimum of 8 years post degree
  • Fluent in English
  • Possession of a postgraduate qualification such as Master of Business Administration (MBA) will be an advantage
  • Minimum of 3 years’ experience in an area of specialization; with experience in supervising/managing others
  • Experience working in a medium to large organization
  • Experience in developing marketing mix and implementation
  • Experience in managing banking operations will be an advantage
  • Business process improvement and analysis experience.

Minimum Qualification

  • BA, BEd, BEng, BSc, BTech or HND.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should APPLY

POWER & ENERGY JOBS | Entry-level Distribution Substation Operators at Ibadan Electricity Distribution Company (IBEDC) Plc

Ibadan Electricity Distribution Company (IBEDC) Plc – Headquartered in Ibadan is responsible for electricity distribution within the south western zone (Oyo, Ogun, Osun and kwara as well as some parts of Kogi, Ekiti and Niger states).

We are an organization with a focus on delivering excellent service to the customers and providing customer satisfaction through reliable power distributions.

We are recruiting to fill the vacant position of:

Job Title: Distribution Substation Operator

Location: Oyo
Specialization: Electrical Power Technicians

Job Description
Regulates flow of electricity through substation of electric power system and over distribution lines to consumers: Records readings of switchboard instruments to compile data concerning quantities of electric power used for substation operation and amounts distributed from station.

Responsibilities

  • Inspecting, operating and maintaining substations and distribution apparatus consistent with safety regulation.
  • Controlling equipment such as Current converter, Voltage transformers and Circuit breakers to regulate the flow of electricity through substations and overhead distribution lines to customers
  • Reporting outages, load data to load dispatcher and receiving switching instructions
  • Observe switchboard instruments to detect indications of line disturbances, such as grounded, shorted, or open circuit.
  • Records temperature of transformers at specified intervals.
  • Issues protective tags through established safe clearance procedures for all equipment in the plant and substation.
  • Notes changes in load and makes routine adjustments to meet such changes without immediate supervision. Reports unusual situations to supervision.
  • Maintains daily operating log on all operations, both routine and emergency, and reports on line outages and weather conditions. Records hourly readings of indicating and integrating meters, and changes, marks and checks charts of recording instruments.
  • Switches and maintains substation equipment for proper operation.
  • Prepares the equipment for operation and starts, stops and controls the units, adjusting the load and voltage and accessory regulating equipment as required.
  • Performs switching operations in accordance with standard operating procedures.

Qualifications and Requirements
Educational requirements:

  • OND Electrical Engineering
  • 0-3yrs Experience

Application Closing Date
5th April, 2016.

How to Apply
Interested and qualified candidates should APPLY

Investors Pull Out N58billion from Nigeria Within Two Months in 2016

Investors in different sectors of the Nigerian economy have repatriated N58.20 billion out of the country in the two month period ended February 2016 as against foreign inflow of N27.95 billion.

The FPI report, which is coordinated by the Nigerian Stock Exchange, NSE, showed that they invested N115.22 billion into the nation’s economy, representing 57.22 per cent of the total transactions during the period.

In the period under review, the monthly analysis showed that FP outflow was N31.84 billion while inflow stood at N10.94 billion. In the same period last year, foreign outflow was N81.60 billion while inflow was N52.35 billion.

The FPI January report indicated that foreign inflow was N17.01 billion as against outflow of N26.36 billion, representing a deficit of N9.35 billion.

Further analysis of the FPI/ NSE for the period of January showed that foreign investors had more appetite for Nigerian equities as suggested by the foreign inflow which was N48.03 billion in January 2015 as against outflow of N51.08 billion.

For the January period of 2015, the FPI stated that total foreign transactions was N99.11 billion or 52.24 per cent of total turnover of N189.72 billion while domestic investors accounted for N90.61 billion or 47.76 per cent of total transactions.

During the same review period, FPI observed that total foreign transactions were N43.37 billion while Nigerian investors accounted for N40.73 billion or 48.43 per cent of the total turnover of N84.10 billion.

Previous report of 2013 and 2014 showed that the 12-month foreign portfolio investment report for 2014 indicated that foreign portfolio outflow was N846.53 billion as against inflow of N692.39 billion in 2014, representing a net deficit of N154.14 billion.

Also in 2013, total foreign inflow was N531.26 trillion compared with outflow of N510.78 trillion, leaving a positive balance of N20.48 billion. The NSE stated: “The downturn from 2015 has already continued into the New Year. Accordingly, we anticipate 2016 to be a challenging year for the capital market and the domestic economy.”

Senate Summons Kachikwu Over Lingering Fuel Scarcity

China’s $70b coming to Nigeria
Ibe Kachikwu, Minister of State for Petroleum Resources

The Senate, on Monday, March 28, summoned the Minister of State for Petroleum Resources, Ibe Kachikwu, to appear before it today, over the lingering fuel scarcity.

The Minister was summoned by the Senate Committee on Petroleum Resources (Downstream), after the committee carried out on-the-spot assessment of the crisis in major filling stations within Abuja metropolis.

The committee’s Acting Chairman, Jibrin Barau, alongside two other members, said the Petroleum Minister must definitely appear before them today to explain what led to the situation and possibly proffer a lasting solution.

Barau, who addressed newsmen after the assessment of some filling stations, described the situation as not only pathetic but also bad, stressing that it must be urgently arrested.

He said the development made the Senate President, Dr. Bukola Saraki, to call on the committee to swing into action as a way of bailing Nigerians out of the crisis.

He said: “This situation is very bad and unacceptable, hence the need for the minister to appear before us tomorrow (today), and unveil his plan of a way out to us. Even if he doesn’t have any plan yet out of the lingering problem, the Senate President and the entire members of the committee are more than ready to rub minds with him for that needed purpose.“

Hijacked EgyptAir Plane Makes Forced Landing at Larnaca Airport, Cyprus

An EgyptAir airliner which was hijacked by an individual claiming to have an explosive has been forced to divert to Larnaca airport on the south coast of Cyprus.

Flight MS181, an Airbus A320 carrying 81 passengers from Alexandria to Cairo, was taken over after a passenger said he was wearing an explosives belt.

A local journalist has told the BBC that some passengers had been seen leaving the plane.

Larnaca airport has been closed and scheduled flights diverted elsewhere.

Negotiations are under way but no demands have been made by those in control of the plane, reports say.

Ntel Returns SAT-3 Submarine Cable to Boost Internet Service

NIMASA Seeks Collaboration To Tackle Marine Pollution
NatCom Development & Investment Limited, Ntel, Nigeria’s largest broadband LTE network, has announced the successful repair and return to service of its SAT-3 submarine cable.
SAT-3 or South Atlantic 3/West Africa Submarine Cable is the longest submarine communications cable in the world with 17 landing points linking Portugal and Europe to South Africa, with connections to several West African countries along the route.
Kamar Abass, CEO of ntel, in a statement announcing the successful repair and return to service of the SAT-3 cable, said “the repair of SAT-3 is fantastic news for data-hungry consumers and corporates in need of superfast and abundant broadband carried over a robust fibre network with significant capacity and low latency.
“SAT-3’s 17 landing points and intermediate branches in-country and abroad provide for connections all the way to the Far East, thanks to our alliance with SAFE,” he said.
SAT-3 Nigeria is now positioned to better address Nigeria’s need for super-fast internet connectivity, data-hungry applications, high-quality video-on-demand and increasing social media usage, thus enhancing customer experience.

CBN’s N1.5trillion Intervention Fund Creates 6.17million Jobs

According to recent data from the Central Bank of Nigeria, CBN, the apex bank created about 6.17 million jobs through the various intervention funds to different sectors of the economy.

The data revealed that the combined impact of the Agricultural Credit Guarantee Scheme Fund (ACGSF) flagged-off in April 1978 and the Commercial Agriculture Credit Scheme (CACS) established in 2009, have led to the creation of 6,178,132 in the Nigerian economy.

A breakdown of the figure showed that the CBN had set up eight intervention funds totalling N1.57 trillion, from which economic operators accessed N819.164 billion to resuscitate their businesses that helped to sustain some sectors.

In 2009 however, the bank, through its CACS set up N200 billion intervention fund. As of today, a total of N337.635 billion was disbursed and a total of N137.804 has been repaid.

The fund financed a total of 423 projects and generated a total of 1,132, 232 jobs while saving the investors interest payment of N42.564 billion. The data further showed that CBN’s ACGS set up in 1978 with N3 million as seed money had disbursed a total of N97.014 billion out of which N67.014 billion was repaid. The intervention granted loan facility of 1,009,180 and has so far generated a total of 5,045,900 jobs.

The CBN evaluation data showed that the Small, Medium Enterprise Credit Guarantee Scheme set up by the apex bank in 2010 had as its seed money the sum of N300 billion. So far, N4.219 billion has been disbursed while 2.439 billion has been repaid. The intervention fund financed 87 projects.

It also showed that the apex bank set up in 2014 the RSSF facility of N300 billion, out of which N3.5 billion has been disbursed for a single project Also in 2010, the apex bank set up the Power and Aviation Intervention Fund of N300 billion. So far, a total of N255 billion has been disbursed and N69.755 billion repaid.

The fund has financed 56 projects. The bank, they said, has three other funding for which about N450 billion was set aside and several projects have benefited from the intervention funding.

 

Nigeria Scales ICAO Safety Oversight Audit

Nigeria’s aviation industry has been given a clean bill of health by the International Civil Aviation Organization, ICAO, on safety oversight.

According to NCAA spokesman, Sam Adurogboye, a preliminary audit report presented by the four-man team at the closing meeting of the ICAO Universal Safety Oversight Audit Programme (USOAP), authenticated the progress and development of aviation in Nigeria.

These results, he said ‘clearly indicated that Nigeria has done well according to the auditors’.

He explained that the presentation was presided over by the team leader of the auditors, Mr Jean-Claude Waffo.He was joined by three team members to present the assessment of the aviation industry in Nigeria.

Each member gave an individual assessment of all the delineated areas. These are: Legislation (LEG), Organisation (ORG), Accident and Incident Investigation (AIG), Air Navigational Services (ANS) and Aerodrome and Ground Aids (AGA).

During the presentation, the leader and the members articulated all their systemic findings in the course of the 11-day USOAP Audit conducted on Nigeria.

“While there were areas that were identified as open items that need to be closed, the Auditors were unanimously very satisfied with the level of improvement in the aviation industry in Nigeria. The Auditors were highly impressed with the stellar preparation for the audit by all concerned and claimed that this made the exercise a huge success,” he said.

However, the final report will be produced and sent to Canada for review and final assent. This will be done only when comments on the draft report have been received from Nigeria.

 

Shell Increases Gas Production in Eastern Niger Delta

The Shell Petroleum Development Company of Nigeria Limited, SPDC, Joint Venture, has increased gas production from Agbada field in the Eastern Niger Delta.

About 10 million standard cubic feet of non-associated gas per day (MMscf/d), was produced from the Agbada Early Gas Production Facility (EGPF), into the eastern domestic gas network on March the eight and has already ramped up to 20MMscf/d of gas, with 1,500 barrels per day of oil.

According to the Corporate Media Relations Manager, Precious Okolobo, a peak production of 40MMscf/d is expected to be achieved, in addition to oil production of about 2,500 barrels per day.

The milestone comes as SPDC JV’s Afam VI, with 650 megawatts (Mw) capacity, continues to deliver power to the national grid.

“We’re pleased to support efforts towards increasing gas supply for manufacturers and power plants,” said Toyin Olagunju, General Manager Projects, SPDC.

“We’re also pleased that the project was delivered in record time – 14 months from initiation to first gas – within budget and most importantly, safely. We acknowledge the support of NAPIMS and other JV partners, without which the milestone would not have been possible,” Olagunju added.

The additional gas will further boost gas availability on the eastern domestic gas network and will be available to enhance power generation by over 150Mw. The early gas project was initiated in January 2015 pending the completion of the main Agbada non-associated gas plant.

SPDC pioneered the production and delivery of gas to domestic consumers and export markets. Early this year, SPDC signed a gas sale agreement with the Bayelsa State Government under which it will sell gas to the Bayelsa Development and Investment Corporation (BDIC) for the purpose of power supply to the Kolo Creek gas turbine.

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