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IT/TELECOMS JOBS | Graduate Secretary, Vice President Consumer Sales & Services at Etisalat Nigeria

Etisalat’s vision is a world where people’s reach is not limited by matter or distance; a world where people will effortlessly stay in touch with family and friends; a world where businesses of all sizes can reach new markets without the limitations of distance and travel.

We are recruiting to fill the vacant position below:

Job Title: Secretary, Vice President Consumer Sales & Service

Location: Lagos

Job Summary

  • Provide secretarial and administrative support to Vice President, Consumer Sales & Service in an effective and efficient manner.

Principal Functions

  • Provide administrative and logistics support to VP-Consumer Sales & Service.
  • Ensure high standard office practice/management.
  • Write and disseminate mails/messages as directed by the VP-Consumer Sales & Service Organize and manage the VP-Consumer Sales & Service itinerary Organize travel requirements (transportation, accommodation and logistics) for VP-Consumer Sales & Service.
  • Arrange and take minutes at the weekly divisional meetings
  • Acts as first line support to visitors (both nationals and expatriates) Manage stationery items for the department.
  • Plan and organize departmental events.
  • Maintain a good record system and ensure a seamless flow of information from the VP-Consumer Sales & Service office to other staff.

Educational and Experience

  • First degree from a recognized University
  • One year post NYSC work experience Knowledge: Business Application Knowledge Skills: Problem Solving, Communication, Personal Effectiveness Behaviour: Passion for Excellence, Integrity, Empowering people, Growing people, Team work, Customer Focus

Application Closing Date
Not Specified.

How to Apply

Interested and qualified candidate should APPLY

SCIENCE & TECHNOLOGY JOBS | Ericsson Nigeria Fresh Job Recruitment (4 Positions)

Ericsson is a world-leading provider of telecommunications equipment and services to mobile and fixed network operators. Over 1,000 networks in more than 180 countries use Ericsson equipment, and more than 40 percent of the world’s mobile traffic passes through Ericsson networks. Using innovation to empower people, business and society, we are working towards the Networked Society, in which everything that can benefit from a connection will have one. At Ericsson, we apply our innovation to market-based solutions that empower people and society to help shape a more sustainable world.

We are truly a global company, working across borders in 175 countries, offering a diverse, performance-driven culture and an innovative and engaging environment where employees enhance their potential everyday. Our employees live our vision, core values and guiding principles. They share a passion to win and a high responsiveness to customer needs that in turn makes us a desirable partner to our clients. To ensure professional growth, Ericsson offers a stimulating work experience, continuous learning and growth opportunities that allow you to acquire the knowledge and skills necessary to reach your career goals.

We are recruiting to fill the following vacant positions below:

CLICK HERE TO VIEW JOB DETAILS AND APPLY

BUSINESS & ECONOMY JOBS | Graduate Talent & Performance Management Officers at RusselSmith Group

RusselSmith Group is a company created to to service the needs of the global Oil and Gas exploration and production industry utilizing Rope Access Technology as primary means of access.

A career at RusselSmith offers you growth and a chance to make a difference. Throughout our history, we have continued to help our employees realize their dreams, whilst creating opportunities for them to fulfill their personal and professional potential.

We are recruiting to fill the below position:

Job Title: Talent & Performance Management Officer

Job Reference Code: RS-OHP-005
Location: Nigeria
Job Type: Full-Time

Essential Duties and Responsibilities

  • Performance Evaluation – Drive the performance appraisal system. Follow up with Managers and Departmental Head for completing the performance appraisal on time.
  • Coordinates and assists manager with employee reviews and performance appraisals.
  • Lead the Performance Development Review Process and work with key staff in all facets relating to performance management (taking the workforce from “good” to “great”)
  • Build effective relationships with management and staff fostering the creation of a high performance culture throughout the company
  • Ensuring the effective implementation of staff performance management system including handling of poor performers
  • Prepare implementation/roll out plan for all Performance Development Reviews required across the business & associated time frames/action plan (bi-annual process)
  • Define appropriate metrics to measure, analyze, and report on the overall performance of the Identified Talents
  • Participate in the development of strategic plans and activities designed to enhance RusselSmith’s ability to attract and hire qualified candidates, as well as the performance management and training activities to aide in their retention and development required throughout the employee lifecycle
  • Provide strategic oversight of the total rewards philosophy and the design, development and maintenance of the company’s compensation and benefits programs in support of the goals to retain and motivate employees
  • Carry out duties and responsibilities with regard to the management, development and collation of employee(s) Performance Information.
  • Implement and maintain monitoring systems for all employee’s performance indicators, targets and standards.
  • To maintain the Department’s performance database, by collating, inputting, processing and retrieving information and data, and to provide regular reports.
  • In conjunction with the line managers/H.O.Ds develop performance strategies to ensure employees deliver continuous improvement.
  • Assist in the organization and delivery of training events for employees on performance and service improvement related issues.
  • Contribute towards the efficient and effective communication of performance issues to all departmental head including developing Performance Newsletter/communiqué to boost morale.
  • Research Performance, service improvement and associated issues internally and externally and be aware of developments affecting the work of employees.
  • Manage, influence and motivate staff associated with performance issues. Respond to requests and queries from employees in a helpful and constructive manner.
  • Devise and implement policies and strategies for the development of employee performance matters.
  • Devise and implement policies and strategies for the development, implementation and monitoring of service delivery performance standards.
  • Manage the development and implementation of monitoring systems for performance indicators and standards, including ensuring data quality and compliance with internal and external audit requirements.
  • Coordinate and facilitate discussions with employee(s) and managers on performance issues and service improvement measures
  • Talent Management- Responsible for executing the Company’s Retention Strategies; Employee Career Management; Employee Promotion and Transitioning; Employee Leadership Development and identifying Talent Gaps.
  • Develop and implement policy, process, and initiatives to meet the company’s aspirations on talent management, and staff career development
  • Take lead and coordinating the talent management process and program, including identifying, assessing, developing, and reviewing high potential talent
  • Maintain and update high potential talent list
  • Collaborate with the training and support team to develop and conduct learning and development programs that align with talent management strategy
  • Monitor progress against the Talent Management strategies
  • Work closely with training and support unit to support talent management initiatives and succession planning
  • Review and work closely the team to develop and maintain competencies and skills matrix for all areas of the business
  • Develop and deliver ongoing development programs in line with developed skills matrix to ensure management are able to effectively conduct reviews, have difficult conversations and to encourage leadership development
  • Works closely with the People Services & Reward Unit to manage and ensure the effectiveness and competitive compensation strategy in alignment with total rewards philosophy to foster talent retention
  • Act as a central point of reference for internal and external queries with reference to performance and talent management.
  • Ensure telephone and email enquiries are dealt with to a high professional standard and maintain confidentiality.
  • Performs other related duties as required or as assigned.

Educational Qualifications and Experience

  • A university degree in human management; social sciences, legal or related field is preferred.
  • Professional Certification- human resources is an added advantage
  • Experience Required: 0-2 years

Skills/Qualifications Required:

  • Good communication (oral and written) skills
  • Good team spirit and project management skills
  • Good people management and relationship skills
  • Good leadership skills
  • Good problem solving and reasoning skills
  • Good interpersonal and relational skills
  • Strong analytical and quantitative skills such as statistics and data analysis skills
  • Good reasoning skills; presentation skills; multi-tasking skills and organizational skills
  • Attentive to details, exhibits initiative, responsibility and flexibility

Physical Demands:

  • Occasional travel by airplane and automobile in conducting business is necessary. Regular use of the telephone and e-mail for communication is essential.
  • Sitting for extended periods is common. Hearing and vision within normal ranges is essential for normal conversations, to receive ordinary information and to prepare or inspect documents.
  • No heavy lifting is expected. Exertion of up to 10 lbs. of force occasionally may be required. Good manual dexterity for the use of common office equipment such as computer, calculator, copiers, and FAX machines.

Work Environment:

  • The job is performed indoors in a traditional office setting. Activities include extended periods of sitting and extensive work at a computer monitor and/or calculator.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should APPLY

POLITICS & GOVERNMENT JOBS | British Council Fresh Job Recruitment (4 Positions)

The British Council is the world’s leading cultural relations organization and creates opportunities for people in the UK and worldwide to understand each other, to work together and learn from one another. We see this as crucial to building secure, more prosperous and sustainable futures for us all. We build trust and understanding between different countries and cultures and develop strong international links that are of benefit to people in Britain and the rest of the world.

We are recruiting to fill the following positions below:

CLICK HERE TO VIEW DETAILS AND APPLY 

Capital Flight from International Carriers Hits $4billion Yearly

Findings have revealed that revenues from ticket sales by foreign airlines, salary emoluments from expatriate pilots and engineers, and cost of aircraft maintenance overseas have climbed to over $4 billion yearly.

The National Association of Nigerian Travel Agencies, NANTA, revealed that as much as $2.3 billion was generated by Nigerian travel agents in 2014 from ticket sales for foreign airlines and tour services.

Of this amount, $1.4 billion was generated from ticket sales alone. Besides travel agents, foreign airlines sell tickets through the banks, airports and city offices, which generate almost the same amount with the travel agents.

Checks from the Federal Airports Authority of Nigeria, FAAN, revealed an increase in passenger movements, particularly overseas travels, notwithstanding the sliding economy. It was confirmed that overseas travel has been rising steadily as more airlines increase their frequencies to Nigerian destinations.

Apart from ticket sales and services, the Nigerian aviation industry is highly dependent on foreign personnel for aircraft maintenance, aircraft parts acquisition and services.

Major technical personnel from pilots of modern aircraft fleet, including business jets, which are over 140 in the country are majorly maintained overseas and largely have foreign cockpit crew, as many of them have foreign registration.

According to NANTA, foreign airlines record the highest foreign exchange remittances out of Nigeria, after oil and gas and mobile phone companies.

“Majority of pilots operating in Nigeria are foreigners, the same with aircraft engineers, they are paid in dollars. Aircraft parts are paid for in dollars, simulator training for pilots are done overseas and are paid for in dollars; so after oil, the industry makes the highest demand on foreign exchange,” said a Nigerian pilot, who spoke on condition of anonymity.

 

Russia Proposed Oil Exports Threaten OPEC’s Output Freeze Deal

Russia’s plan to export more crude oil to Europe in April than it had exported in any month since 2013 is threatening a global agreement between the Organization of Petroleum Exporting Countries, OPEC, and non-OPEC members on freezing production in a bid to lift the price of crude oil.

Reuters has reported that this development shows how hard it would be to enforce the forthcoming agreement that is due to be finalized on April 17 in Qatar.

It also shows the potential for countries to use loopholes to keep exporting crude, and erode the intended impact on prices.

This is coming as the price of Brent crude oil dipped by 2.3 per cent on Thursday and West Texas Intermediate, the US benchmark price for crude oil, lost by 2.7 per cent.

Crude oil prices are down nearly five per cent from Monday for one of their worst weeks of the year.

Moscow said the agreement on freeze between OPEC and non-OPEC covered only production and not sales abroad, hence the country can raise exports while keeping production flat by re-routing some crude oil away from refineries and into exports.

The International Energy Agency (IEA) said on Wednesday that the deal may be meaningless, while Iran and Libya have said they will not participate, at least for now, and they also plan to raise production.

 

NSE Index Gains 0.63% As Market Closes for Easter Break

Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on a positive note on Thursday, March 24, as the All-Share Index which opened at 25,736.92 jumped by 162.99 points or 0.63 per cent to close at 25,899.91.

Week-on-week, the Index soared by 0.86%, while Year-To-Date (YTD), the NSE ASI depreciated by 9.57%.

The appreciation recorded in the share prices of UBA, PZ Cussons, Zenith Bank, Nigerian Breweries and Access Bank were mainly responsible for the gain recorded in the Index.

The total value of stocks traded on the floors of The NSE today was N3.28bn, up by 23.91% from N2.65bn yesterday. The total volume of stocks traded was 397.05mn in 3,742 deals.

The three most actively traded stocks were: Zenith Bank (89.38mn), GT Bank (79.89mn) and Transcorp (49.42mn). The most actively traded sectors were: Financial Services (333.02mn), Conglomerates (49.56mn) and Consumer Goods (8.82mn).

Interbank Rates Surges to As CBN Withdraws N400billion from Banking System

Overnight interbank lending rates leap to double digit on Thursday, March 25, as the Central Bank of Nigeria recalled about N400 billion from the banking system to meet the new CRR on deposits.

Traders said the open buy-back (OBB) and overnight rate were quoted by banks at 20 per cent compared with 6.75 per cent and 7.33 percent at the close on Wednesday due to banks scrambling for funds.

By the close of trading yesterday, overnight Nigeria Inter Bank Offer Rate (NIBOR) stood at 13.63 per cent up from 7.4258 per cent which it had risen to on Wednesday. One month rate also rose to 10.2818 while 3- and 6-months rates soon at 11.8876 and 13.0042 per cents respectively.

On Tuesday, the MPC raised benchmark interest rate from 11 to 12 percent, and the cash reserve ratio for commercial banks to 22.5 percent from 20 percent, to try to curb rising inflation.

“We have had major funds placers in the market quoting between 20 and 25 per cent for overnight placement, while takers are quoting between 7 and 10 percent,” one dealer said, adding that no deals had yet been done on the rates being quoted.

Traders said there was additional cash outflow for premium payments to the Nigerian Deposit Insurance Corporation (NDIC), which further put pressure on liquidity in the system and forced lending rates up.

 

Market Capitalization Scoops N56billion As Bull Dominates Last Trading Day

Nigerian Stock Exchange, NSE, trading on Thursday, March 24, closed in the Green Zone for the Easter celebrations on a with market capitalization soaring by N56 billion.

The market capitalization improved by N56 billion or 0.63 per cent to close at N8.909 trillion compared with N8.853 trillion achieved on Wednesday, March 23.

An analysis of the price movement table indicated that Nigerian Breweries led the gainers’ table, growing by N4.09 to close at N117.70 per share.

International Breweries followed with N1.74 to close at N18.80, while Mobil Oil gained N1.09 to close at N156 per share.

PZ Industries appreciated by N1.08 to close at N22.79 and Ecobank Transnational garnered 49k to close at N14.74 per share.

On the other hand, Seplat topped the losers’ chart, dropping by N8 to close at N300 per share.

Total came second with N2.45 to close at N140.01 and Cadbury lost 76k to close at N14.77 per share.

Nestle lost 55k to close at N700 and National Salt Company of Nigeria shed 34k to close at N6.52 per share.

Zenith Bank drove the volume of shares traded, accounting for 89.39 million shares worth N1.13 billion.

GT Bank followed with an exchange of 79.89 million shares valued at N1.28 billion and Transcorp traded 49.43 million shares worth N60.31 million.

FCMB Group sold 34.94 million shares valued at N26.76 million and United Capital traded 28.01 million shares worth N56.39 million.

NAN reports that a total of 397.05 million shares valued at N3.28 billion were exchanged by investors in 3,742 deals.

This was against the 398.28 million shares worth N2.65 billion transacted in 3,581 deals on Wednesday.

NAN also reports that the market will remain closed till March 29 due to public holidays declared by the Federal Government to mark Good Friday and Easter Monday. (NAN)

Winning With The Cloud

cloud

It’s shaping up as the next big thing –“cloud computing.”  Until recently, we’d stored our information on hard drives and collaborated with colleagues via attachments and a confusing array of edits, highlights and multiple versions of the same document. In contrast, cloud computing moves all of that information  – emails, documents, presentations, photos, spreadsheets and so on – onto the Internet where it exists in a virtual space which we refer to as ‘the cloud’.

By having all this information reside online, you instantly become more flexible, more productive and more collaborative in the way you do things. No servers to manage in-house or client software to be installed. Available anytime, anywhere, from any device connecting to the Internet. Businesses call it “Software as a Service,” or “SaaS”. For most people, it’s just the web. Whatever you want to call it, a multiplicity of factors have converged to mean that cloud computing’s time has come.

What has changed? Well, broadband is reaching the point of ubiquity and the cost of storage has plummeted. But it’s the economic downturn which has made more businesses wake up to the promise of cloud computing. With the recession hitting home, every part of every business is under pressure to cut costs and the IT department is no exception.

The cloud has the potential to deliver big savings, improve asset utilisation and dramatically reduce up-front spend on traditional desktop software, servers, maintenance and support. Instead of running these in-house, you ‘rent’ applications from a third party, turning capital expenditure into operational expenditure. One of our customers calculated that Google cloud services cost them $70 per year per user as opposed to $300 for a traditional desktop offering.

It also transfers the responsibility for ‘keeping the lights on’ – an all too familiar headache for CIOs – to the cloud computing provider.  Then there’s the pace of innovation  that the cloud makes possible – last year, we brought over 140 new features and applications to Google Apps. Cloud computing presents us with the opportunity to build a new generation of applications which deliver a much faster innovation cycle for IT and integrate information in a way which simply wasn’t possible before.

However, drivers beyond cost are behind the revolutionary move to an online world. The nature of the workplace is changing. In general, workforces are more mobile and more geographically dispersed than ever before and IT has to respond to that. Web-based applications make for powerful collaboration in real time: accessing the same documents, communicating online, ending the need for numerous email attachments and version control issues… addressing a dozen small pain points that add up to many wasted work hours for each and every member of staff.

We sometimes get asked why Google, a consumer-focused company, is involved in bringing the potential of the cloud to the business world. The answer is straightforward: consumer applications are evolving much faster than business software.  It used to be that you got the best technology at work.  Now the tools we have in our personal lives are much better – think of the iPhone, or your 7 GB Gmail inbox compared to your 500 MB inbox at work where you’re constantly deleting emails to free up space.  Employees are consumers too, and they now expect – and in many cases demand – the same ease of use at work and flexibility of access as they have with applications in their personal lives.

Inevitably, some people have reservations about the cloud. The biggest challenge to the cloud is the resistance to change – anything which represents a fundamental shift in the way things are done is going to take time to understand. Indeed, there remains some notable misconceptions out there about the risks, like system security and reliability.  Software security should always be a concern when discussing critical business data, wherever it’s kept.  In many ways, cloud computing can be more secure than hosting data yourself.  For example, it generally takes 30-60 days for businesses to patch a vulnerability in their own computer systems.  During that time, the corporation’s IT infrastructure is at risk.  With the scale of cloud computing, we can fix everything quickly and ensure their infrastructure is safe.

As with many revolutions, the economics of cloud computing are driving the shift away from the old order and may ensure the most enduring change. Each day, more and more companies entrust their data to the cloud.  Robert Kennedy once said that “… if our times are difficult and perplexing, so are they challenging and filled with opportunity.” The opportunity for cloud computing is now – it simply makes good economic and business sense. IT departments can either batten down the hatches or they can innovate and set themselves up for when things start to improve. For IT decision-makers under pressure to deliver cost savings and focus on increasing revenues  now is the time to consider how the cloud can help.

Naira Soars to N320 Against Dollar on Parallel Market

Naira rises at the parallel market to 320 to the dollar on Thursday, March 24, compared with 326 last week, spurred by tight liquidity and increased dollar supply.

The naira is expected to strengthen slightly against the dollar next week on the parallel market, while several other African currencies are expected to hold steady.

The local currency is seen appreciating slightly against the dollar on the parallel market next week, although the official rate will remain steady around the 197.50 level.

“We see the tightening of liquidity by the central bank curbing speculations on the forex market and reduce pressure on the naira,” Aminu Gwadabe, head of Nigeria association of bureaux de change said.

Tourism Industry Contributes $7.2trillion to Global Economy

Fotografi in Delta Dunarii
A report by the World Travel and Tourism Council,WTTC, revealed that tourism industry contributed over 7.2 trillion in Gross Domestic Product, GDP,  to the global economy.

WTTC President David Scowsill in a statement said tourism added 7.2 million jobs to the global economy.

Scowsill, in the report, titled: ‘The economic impact report,’ which is WTTC’s flagship yearly research, stated that the document provided economic data on the contribution of the tourism sector on a global level.

The report said: “In spite of uncertainty in the global economy and specific challenges to tourism in 2015, the sector grew by 3.7 per cent, contributing a total of 9.8 per cent to the global GDP.’’

Travel supported 284 million jobs last year, an increase of 7.2 million, one in 11 jobs on the planet.

The WTTC chief said though terror attacks, disease outbreaks, currency fluctuations and geopolitical challenges have impacted the sector at a country or regional level, tourism at the global level continues to produce another robust performance.

He said travel contribution to GDP outpaced overall GDP country growth in 127 of the 184 countries covered by the research.

He listed the countries where tourism most markedly outperformed the wider economy last year to include Iceland, Japan, Mexico, New Zealand, Qatar, Saudi Arabia, Thailand and Uganda.

According to Scowsill, the sector’s growth was stimulated by a worldwide increase in middle-class income households, an ageing population, which tended to travel more, making travel more accessible and affordable.

The report however, said all regions of the world showed growth in total tourism contribution to GDP in 2015, adding that South-East Asia was the fastest growing region with growth of 7.9 per cent followed by South Asia, which grew 7.4 per cent.

 

Transcorp Hotels Plc Declares N3.49billion Profit After Tax

Transcorp Hotel Plc has posted N3.49billion profit after tax in the 2015 annual report submitted to the Nigerian Stocks Exchange.

The annual statement indicated an increase of N270m when compared to the profit of 2014.

The gross for the group was N10.62billion in 2015 lower than the N11.59 declared in 2014, the result showed, while the profit before tax was N5.37billion above the 2014 figure of N4.54billion.

Total revenue for 2015 stood at N13.97billion compared to 15.10 billion . the report signed by the company secretary, Helen Iwuchukwu and sent to the bourse said the company maintains controlling interest in Transcorp Hotel, Calabar, Limited, Transcorp Hotel, Port Harcourt, Limited and Transcorp Hotel Ikoyi, beside the Abuja Hotel.

The report said the profit has been transferred to retained earnings.

Unilever Posts 51% Profit Slide

Unilever Nigeria Plc has posted a steep fall of N1.220 billion accounting for 50.58 per cent of what it made as profit after tax in 2014 financial.

The company in its annual report for the year ended 31 December, 2015 released to the Nigerian Stock Exchange yesterday in Lagos showed that it made N1.192 billion after tax during 2015 financial year as against N2.412 billion it made during the same period of 2014.

Its profit before tax in 2015 stood at N1.771 billion from N2.873 billion it made during the same period of 2014, profit before tax dropped by N1.102 billion, represented 38.36 per cent.

Bayelsa Government Receives N1.2billion Bailout

The Bayelsa State government has received N1.24billion as bailout fund from the federal government.

The Deputy Governor of the state,  Gboribiogha John Jonah, made this known on Thursday, March 24, in Yenagoa at the government’s Transparency Briefing for the month of January 2016.

He said the fund will be used to clear the backlog of salaries owed by the eight local government councils.
He said the money was ready for collection before the December 2015 governorship election but added that the APC-led federal government refused to release it.

“Yes, the money (N1.24b) has been transferred to us now.

He said the money was given to Bayelsa based on the requirements of the councils, adding that it was for this reason that all councils would not receive the same amount.

NAFDAC Destroys N1billion Worth of Substandard Goods

The National Agency for Food and Drug Administration and Control, NAFDAC, on Thursday, March 24, destroyed fake and substandard products worth more than N1 billion in Ogun State.

The products destroyed included expired products which were said to have been voluntarily handed over by compliant companies in the country.

Other products destroyed were fake and counterfeit drugs, prohibited substandard and expired food products, cosmetics and other regulated products.

These were impounded by the Investigation and Enforcement Directorate of NAFDAC in Lagos State and environs from manufacturers and importers as well as distributors.

The Director, Investigation and Enforcement Directorate,Kingsley Ejiofor, who represented the Acting Director-General of the Agency, Yetunde Oni, decried the activities of drug counterfeiters.

Ejiofor, who addressed newsmen at the Sagamu local government dumpsite in Ogun State, said drug counterfeiting could be regarded as an act of economic sabotage and terrorism against public health.

He called on Nigerians to be vigilant over the drugs, foods and other regulated products that they purchased and tasked members of the public to report suspicious activities within their environment to the nearest NAFDAC office.

CBN New Policies Create Bubble Among Bankers

 

Central Bank of Nigeria’s new monetary policies announced on Tuesday has created lots of bubble and excitement among the bankers, as interest rates closed higher on Thursday, the official last working day of the week before the Easter holiday.

The apex increase of the benchmark interest rate from 11 to 12 percent, and the cash reserve ratio for commercial banks to 22.5 percent from 20 percent has tightened the available cash liquidity within the financial system.

Overnight lending rates went up 20 percent after the central bank recalled about 400 billion naira ($2 billion) from the banking system to meet the new cash reserves ratio (CRR) on deposits, a banker said.

Bankers were unanimous that scramble for funds led to rise of both the open buy-back (OBB) and overnight money to 20 percent as against the closing rate of 6.75 percent and 7.33 percent respectively on Wednesday.

“We have had major funds placers in the market quoting between 20 and 25 percent for overnight placement, while takers are quoting between 7 and 10 percent,” a dealer said, adding that no deals had yet been done on the rates being quoted.”

Traders said an additional cash outflow for premium payments to the Nigerian Deposit Insurance Corporation (NDIC), further tightened the noose available liquidity in the system.

Meanwhile, yields on Nigeria’s benchmark 20-year bond rose 55 basis points to 12.7 percent on Wednesday after the CBN unexpectedly tightened monetary policy.

The total commercial lenders’ credit balance with the central bank stood at 320.9 billion naira on Thursday, up from 217 billion naira last week.

However, traders said the level of cash in banks’ vaults would have dropped significantly due to cash withdrawals to meet the new CRR and premium payments on customer deposits.

Official business resumes nationwide on Tuesday.

Nigeria Needs N400bn To Improve Access To Water

The WaterAid Country Director, Michael Ojo, has stated that Nigeria needs an annual investment of N400 billion to achieve Sustainable Development Goal on water for all by the year 2030.

He bemoaned the paltry 0.7percent allocated to the sector in the 2016 budgetary provision, saying that the budget was far lower than the 2.5 percent commitment that government signed to during electioneering campaign.

Ojo also lamented the misdirection of the allotted funds, as most of the funds are channeled into provision of infrastructures rather than service delivery, and most of the infrastructures are underutilized and not delivering service to people.

He said there was the need for a dramatic improvement in water, sanitation and hygiene as the government need to be investing between N400-600 billion every year for the next 15 years to achieve universal water coverage by the year 2030.

He said “there is chronic lack of investment in the provision of water services in Nigeria, money that needs to go into the sector to expand the sector is not going in. For instance in this year’s budget government earmarked N44 billion for the Federal Ministry of Water Resources, though it has doubled the N23 billion allocation for the sector in 2015, however it represent a paltry sum of what is required to increase access to water, sanitation and hygiene services in the country.”

 

FAAN Tightens Security Across Airports

Federal Airports Authority of Nigeria (FAAN) has tightened security measures in and around the nations airports after Tuesday’s attack on Brussels Airport and its subways system by a terrorist group that killed at least 31 people and 270 others reported injured..

According to the General Manager, Corporate Communications, Mr Yakubu Dati, he reported, that in a working alliance with Nigerian Police, sniffer dogs have been deployed to all major airports to avoid the same Brussels incident in the country.

The General Manager disclosed that nothing would be left undone to ensure maximum security around the nation’s airports, especially during this Easter celebration.

He expressed shocked over the dastardly act carried out at the Brussels airport, while advising those without business at the airport not to constitute nuisance because a special task force from the Independent Corrupt Practices would be on ground to arrest touts.

All Body scanners and Close Circuit Television gadgets are operational and peoples’ activities at the airports would be closely monitored.

He appealed to air travelers not to leave their luggage(s) behind as such item would be taken away and destroyed.

The FAAN spokesman stated that the expansion and modernization of all the airports terminals in the country now provide better  environment for passenger facilitation and commercial offerings.

However, he concluded by urging travelers to leave early on their travel dates, in order to complete their boarding facilities in good time.

Oral B celebrates World Oral Health Day, Affirms Commitment To Improve Oral Health And Its Awareness Among Nigerians

Oral B WOHD 2016
L-R: Representative of the Minister of Health, Dr Adebimpe Adebiyi; Consultant Orthodontist Abuja Teaching Hospital, Dr Abdulhakim Olatunji and Brand Manager Oral B, Aliza Leferink, during the Oral B World Oral Health Day celebration held in Abuja.

The Oral-Care brand of Procter & Gamble, Oral-B, commemorated World Oral Health Day on Tuesday the 22nd of March, in its continued commitment to improve oral health in the county and making great dental care easily accessible to more Nigerians. With the theme of the World Oral Health Day titled “Healthy Mouth, Healthy Body”, Oral B is set to take oral hygiene in Nigeria to a new level and substantially increase the overall public awareness of oral health.

Attendees at the event were also given a demonstration of the Oral B Mobile Dental Clinic. The program serves both as a platform for quick education as well as immediate dental care. Oral-B’s mission remains: helping all Nigerians have stronger and healthier teeth, hence its promise of: “Healthier, Stronger Teeth in One Week”.

Positioned as the National Oral Health Ambassador since 2014, Oral B has taken a bold step to reintroduce the mobile dental clinic program in order to be proactive and also fill a crucial gap in the Nigerian health care sector and especially in the aspect of dental care.  The breakthrough trial program of the Oral B Mobile Dental Clinic will be of great benefit to millions of Nigerians.

According to P&G’s Oral Care Brand Manager for Sub Sahara Africa, Aliza Leferink, the general focus of the World Oral Health Day 2016 is on prevention to help Nigerians achieve significantly healthier lives starting from oral care. She emphasized that “this is very apt as the focal point of this year’s World Oral Health Day celebration is Healthy Mouth, Healthy Body. The Mobile Dental Clinic initiative is meant to underline this need as well as give Nigerian consumers a fast track to effective and long lasting dental care.

“The Mobile Dental Clinic Program provides free oral care education and dental health checks to patients who lack the means or dental insurance or any realistic way to pay for dental treatment. In addition, we aim at educating Nigerians to have stronger and healthier teeth through the campaign ‘Healthier, Stronger Teeth in One Week’. We feel strongly that a more proactive way of amplifying an improved health care is through the Mobile Dental Clinic Program”.

Representing the Honourable Minister of Health, Dr Adebimpe Adebiyi, Head, Dentistry Division of the Federal Ministry of Health commented that it was noteworthy that development partners like Procter & Gamble are not leaving the awareness task to the Federal Government alone but actually leading the task to create awareness for oral health because prevention is not only better but cheaper than cure.

She also said, “Healthy teeth and gums are fundamental to overall health and well-being. And the federal ministry of health has a strong desire for Nigerians to stay healthy in mouth and body. This comes from forming a great daily care habit, consistency and the right toothpaste use.

“Maintaining healthy teeth can be achieved by following a number of simple principles, and Oral-B wants to help Nigerians on their way to better oral-care-routines.”

Oral B toothpaste combines three powerful ingredients, stannous chloride, sodium fluoride and a specific Polychelation Technology which address the seven areas dentist check most to help people achieve healthy, beautiful teeth. Through its new advanced toothpaste formulation Oral-B tooth paste creates a protective shield around the teeth and gums. During brushing the paste distributes key ingredients throughout the mouth.

The Oral-B brand is a worldwide leader in both the toothpaste and tooth brushing market. It continuously strives to work closely with the dental professionals to deliver high quality products. Oral-B Toothpaste was developed by dentists and helps to protect the eight most common oral health problems at the same time – Tooth holes, bad breath, gum problems, tooth sensitivity, stains, bacteria deposits, tartar, and enamel erosion.

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