Thursday, January 1, 2026
Facebook Instagram Linkedin Twitter Youtube
Home Blog Page 2915

NCC, NESREA Committed To Ensure Environmental Safety

The National Environmental Standards and Regulations Enforcement Agency (NESREA) and the Nigerian Communication Commission (NCC) has declared their commitsment to ensure environmental protection and sustainable development in the telecommunications sector.

The Director-General/CEO of NESREA, Dr Lawrence Anukam has expressed deep concern about the negative environmental and safety impacts of telecom operations if Environmental Impact Assessment (EIA) was not properly carried out before the citing of Base Stations.

The Executive Vice Chairman of NCC, Professor Umar Garuba Dambatta, also stated that whereas NESREA strives for effective environmental compliance monitoring and enforcement, his Commission wants to ensure quality of service for Nigerian subscribers.

He called for a spirited relationship between the two regulatory agencies, he stressed the need for improvement in exchange of ideas and communication.

‘LAUTECH Staff May be Moved to Public Schools’

Prof. Oluwole Atoyebi, The Chairman, Governing Council of the Ladoke Akintola University of Technology Teaching Hospital, Osogbo, has said some of the employees of the hospital may be redeployed to classrooms in public schools.

On Tuesday,Atoyebi reported this while appearing before the state House of Assembly over the alleged plan of the state government to sack some of the workers, who were reportedly recruited illegally.

According to The Joint Health Sector Unions at the hospital, has urged the lawmakers over the alleged plan to sack about 1,200 workers there.

The chairman said the hospital had not sacked any of the workers, while admitting that the hospital was overstaffed.

Resort Savings, Developer To Build 500 Housing Units

Resort Savings and Loans Plc, a top-notch mortgage bank is partnering with estate developer to build 500 housing units before the end of the second quarter of 2016. The alliance would enable it provide mortgage finance to off takers interested in the housing estate which are for the middle class.

The bank noted that its huge investment in real estate developments in Ofada, Ogun State, Karu Area Council, Abuja, Lekki, Lagos State and a host of other places in Nigeria would increase the number of beneficiaries for its facilities.

The Head of Business Development, Mr. Yemi Popoola, revealed that the bank has invested over N3.0 billion in real estate and created mortgage in excess of N 5 billion over the past 36 months which has helped in reducing the housing deficit in Nigeria.

He urged all existing and prospective customers of the bank to take advantage of the new development in the bank.

“We are in an era that requires great tact for those who want to survive. One of the ways to live in this era is to take advantage of facilities like this. With the products in our bank, it is easy for anybody who wants to own property to do so, our terms are flexible’.

Cross River Will Soon Become Net Exporter of Banana – Gov Ayade

Cross River State Governor, Prof Ben Ayade has disclosed that his administration will soon make the state a net exporter of banana. He expressed satisfaction at the decision of some Mexican farmers to partner the state to establish a huge banana farm in the state.

He sated that banana production and export will help his administration achieve the objective of diversifying and reconstructing the economy of the state.

“This banana farm and estate you are bringing is a thing we are in a hurry to get started. It is a handshake of deep prosperity,” the governor stated, adding that while naira is what is required to cultivate banana, it is sold in Dollars.

Ayande attributed the recent influx of Direct Foreign Investment (FDI) into the state to the peace and security in the state.

BANKING & FINANCE JOBS | Fresh Graduate and Mid-level Job Recruitment at Access Bank Plc

Access Bank Plc is a financial institution with presence in 9 countries in Africa and the United Kingdom and in all major cities in Nigeria. Also referred to as the Africa’s Bank of Best Practise, Access Bank operates on a platform of strong ethics, governance and professionalism.

We are recruiting to fill the following positions below:

CLICK HERE TO VIEW JOB DETAILS AND APPLY

MANUFACTURING JOBS | Index Food Industries Limited Fresh Graduate & Exp. Job Recruitment (9 Positions)

Index Food Industries Limited is a new beverage and tomato paste company, producing healthy fruit drinks, water, tomato paste from local fresh hand-picked tomatoes. our product are produced with the first natural ingredients, with the health of our consumers in mind. We are known for excellent and good manufacturing practices with quality standards in our manufacturing process.

We are recruiting to fill the following positions below:

CLICK HERE TO VIEW JOB DETAILS AND APPLY

IT/TELECOMS JOBS | Business Development Officers at Appzone Limited

AppZone is Africa’s leading provider of Integrated Banking and Payment software platforms and incidentally creator of BankOne; the world’s leading cloud infrastructure for Banking and Payment processing targeted at Small and Medium financial Institutions.

Our Mission is to provide technology that empowers people with unlimited access to quality financial services.

We are recruiting to fill the position below:

Job Title: Business Development Officer

Location: Lagos

Job Descriptions

  • Identification of prospective clients as well as initiation of sales efforts to sign them up.
  • Presentation and demonstration of relevant products and services to potential clients as part of the sales effort.
  • General sales interactions with potential clients to facilitate the sales effort in line with the company’s business goals.
  • Involvement in defining expected client acquisition targets and reviewing actual performance.
  • Consistent achievement of client acquisition targets as defined in line with overall company strategy.
  • Articulation and implementation of sales and marketing strategies aimed at achieving client acquisition goals.
  • Preparation of technical and business related documentation for pre and post-sales client interactions.
  • Involvement in the review of prospective client systems and the gathering of Business requirements for solution customization purposes.
  • Analysis of client requirements and formulation of suitable solution features and specifications.
  • Articulation of effective ways to improve product distribution channels around Nigeria.
  • General interactions with clients to ensure client satisfaction in line with the company’s business goals.
  • Active engagement in the achievement of Goals & Objectives in line with the company’s vision, mission and values relevant to responsibilities granted to you, which may be amended from time to time.

Qualifications and Requirement

  • Applicants should possess a minimum of a 2nd class upper Degree in Computer Science, Engineering and any computer related field.
  • Minimum of 2 years business development work experience in a software development organization.
  • Excellent reporting skills and standards.
  • Highly intelligent with the ability to learn with ease and speed.
  • Passion for the Information Technology Industry.
  • Excellent interpersonal and communication skills.
  • Proficient in both spoken and written English.

Application Closing Date
12th April, 2016.

How to Apply
Interested and qualified candidates should send their Application to:careers@appzonegroup.com

BUSINESS & ECONOMY JOBS | Manager – Telecommunications at Ernst & Young Nigeria

Ernst & Young (EY) is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

As a result of our recent acquisition, expansion and focus on performance excellence, we are seeking for a dynamic candidate to provide exceptional service in driving the business growth and brand equity of the institution at the management level. The ideal candidate must be a dynamic top executive professional who has held equivalent position in top-tier Insurance business.

We are recruiting to fill the position below:

Job Title: Manager – Telecommunications

Job Ref.: NIG0002B
Location: Nigeria

Responsibilities
The successful candidate will:

  • Be responsible for executing client related engagements in the areas of Revenue Assurance,  Customer Service process reviews, Customer Lifecycle management, standard operating procedures, Analytics
  • Be responsible for overall client service delivery in accordance with EY quality guidelines & methodologies.
  • Manage accounts on a day-to-day basis & explore new business opportunities for the firm.
  • Actively establish & strengthen client (functional heads & key influencers) and internal relationships.
  • Assist in developing new methodologies and internal initiatives.
  • Create a positive learning culture, coaches, counsels and develops junior team members.

More specifically the incumbent will focus on the following:

Market leadership related:

  • Assist Partners & Senior Managers in driving the business development process on existing client engagements by gathering appropriate resources, gaining access to key contacts & supervising proposal preparation.
  • Identify buyers, influencers & stakeholders in existing client engagements and build strong relationships.
  • Create innovative insights for clients, adapts methods & practices to fit operational team needs & contributes to thought leadership documents.
  • Practice secondment for developing new methodologies.
  • Facilitate discussions / knowledge sharing with key client personnel and contribute to EY thought leadership.

Service delivery related:

  • Work with high-growth clients and other market leaders in industries such as IT/ITeS, telecom
  • Establish audit objectives and scope of work; establish the engagement budget; and take responsibility for the overall execution of the audit project through wrap-up and final report delivery.
  • Plan & schedule client engagements. Determine and deploy the right team with adequate skill sets for executing engagements and periodically review status of engagements and work products.
  • Demonstrate strong project management skills.
  • Maintain a strong client focus by effectively serving client needs and developing productive working relationships with client personnel. Stay abreast of current business and economic developments and new pronouncements/standards relevant to the client’s business.
  • Demonstrate industry expertise (deep understanding of the industry, emerging trends, issues/challenges, key players & leading practices).
  • Review status updates and prepare management presentations/audit committee presentations etc.
  • Actively contribute to improving operational efficiency on projects & internal initiatives.
  • Drive timely billing of invoices & actively follow-up on collections.

People related:

  • Display teamwork, integrity and leadership. Work with team members to set goals and responsibilities for specific engagements. Foster teamwork and innovation.
  • Drive performance management for self and team.
  • Utilize technology & tools to continually learn and innovate, share knowledge with team members and enhance service delivery.
  • Understand EY and its service lines. Actively encourage team members to contribute ideas.
  • Conduct workshops and technical training sessions for team members. Contribute to the learning & development agenda.

Academic Qualifications

  • Chartered Accountant/Certified Internal Auditor/Masters in Business Administration.

Experience:

  • 5+ years of post-qualification experience in risk advisory/related internal audit experience/external audit experience in big 4 or related business experience.
  • Minimum of 6 years of relevant experience for those holding relevant post graduate degree.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should APPLY

FG to Net $224million From Spectrum Sale in May 2016

The Federal Government is expected to generate in $224 million from the sale of 14 lots in the 2.6Gigahertz spectrum band licensing to telecommunication operating companies slated for May 2016.
According to a document posted on the website of the Nigerian Communications Commission, NCC, titled ‘2.6 GHz Spectrum Auction Information Memorandum’, the sale of the spectrum is part of the National Broadband Plan intended to provide Nigerians access to highspeed internet.
NCC indicated that the document defined the process that the Commission has decided to adopt for the licensing of 2 X 70 MHz paired Spectrum available in the 2.6 GHz band adding that it provides information on the Nigerian telecommunications market, details of the Spectrum to be made available, the prequalification process, the Auction process and indicative timetable.
In addition, it hinted that it had consulted with the relevant industry stakeholders to determine the demand and the best way to issue Spectrum.
NCC stated: “Based on these and observations of developments in international licensing trends, the Commission has decided to license the available 2 X 70 MHz slot in slots of 5 MHz to be aggregated by applicants through the Spectrum auction process.

“The Commission offers 14 Lots of 2 X 5 MHz FDD paired Spectrum in the 2.6 GHz band ranging from 2500 – 2570MHz and 2620 to 2690MHz (totaling 2 X 70 MHz) for auction”, the Commission added.

NSE Index Sheds 0.42% As Profit Taking Persists

Transactions on the floor of the Nigerian Stock Exchange, NSE, on Tuesday, March 15, remained in the red zone, as more investors took profits.

The All Share Index slid 0.42 per cent to close at 25,745.13 points, compared to the decline of 0.52 per cent recorded the preceding day to close at 25,853.58 points.

Market capitalization dropped N38 billion to close at N8.855 trillion, compared to the depreciation of N48 billion recorded the preceding day to close at N8.893 trillion.

Stock analysts attributed the decline to consolidation from the recent rallies, the underperformance of the heavyweight banking and consumer goods sectors, including anxiety regarding 2015 results following series of profit warnings coming from the banking sector.

Conoil Plc led the gainers’ table with N1.86 or 10.20 per cent to close at N20.10 per share, followed by United Bank for Africa Plc with 33 kobo or 9.68 per cent to close at N3.74 per share.

United Capital Plc rose 13 kobo or 8.02 per cent to close at N1.75 per share, while Okomu Oil Plc was up N1.57 or 4.98 per cent to close at N33.07 per share.

Learn Africa Plc added four kobo or 4.88 per cent to close at 86 kobo per share. On the flip side, Ecobank Plc declined N1.75 or 9.72 per cent to close at N16.26 per share, while Oando Plc fell 51 kobo or 9.57 per cent to close at N4.82 per share.

Diamond Bank Plc dropped 13 kobo or 8.78 per cent to close at N1.35 per share, while Ikeja Hotel Plc dipped 13 kobo or five per cent to close at N2.47 per share. Unity Bank Plc depreciated three kobo or 4.48 per cent to close at 64 kobo per share. A total of 287 million shares valued at N2.67 billion were exchanged in 4,561 deals.

“Global Passenger Traffic Jumps by 7.1% in January” – IATA

The International Air Transport Association, IATA, has revealed that global passenger traffic soared by 7.1 per cent in January 2016 when compared to January 2015.
The global regulator said the result was ahead of the 2015 full year growth rate of 6.5 per cent. January capacity rose 5.6 per cent, with the result that load factor rose 1.1 percentage points to 78.8 per cent the highest load factor ever recorded for the first month of the year.
The Director-General, IATA, Tony Tyler in a statement by the organization said that January maintained the strong traffic growth trend seen in 2015, showing the resilience of demand for connectivity despite recent turmoil in equity markets.

Tyler explained that the record load factor was a result of strong demand for the agency’s product and airlines making the most productive use of their assets.

“Underlying conditions point to another strong year for passenger traffic, with the latest decline in oil prices likely providing additional stimulus for air travel growth,” he added.

On the international market, IATA said January international passenger traffic leaped 7.3 per cent compared to the year-ago period.
Capacity in the month under review rose 5.9 per cent and load factor rose 1.0 percentage point to 78.8 per cent. All regions recorded year-over-year increases in demand. Asia Pacific carriers recorded an increase of 10.3 per cent compared to January 2015.

Swiss Government Returns $723million Abacha Loot to Nigeria in 10 Years

The Swiss government has announced that it has returned $723 million of stolen funds seized from the family of the late former head of state, Sani Abacha, to the Nigerian government over the last 10 years.

The amount excludes $321million (about N63.24 billion) which the Swiss authorities recently said it was planning to repatriate to Nigeria.

These details are contained in the agreement signed on March 8, 2016, in Abuja by representatives of the Swiss Federal Council and the Nigerian government.

The agreement, titled “Letter of Intent on the restitution of illegally-acquired assets forfeited in Switzerland,” was signed by Nigeria’s Attorney-General and Minister of Justice, Abubakar Malami, and the Swiss Head of Foreign Affairs Department, Didier Burkhalter.

The document revealed that $321 million acquired illicitly by the Abacha family, was initially deposited in Luxemburg before being confiscated by the Swiss Republic Judiciary and Canton of Geneva following a December 11, 2014 forfeiture order.

The agreement said funds to be returned to Nigeria would contribute to the implementation of social programmes for the benefit of the Nigerian people in “an efficient and accountable way, guaranteed by a monitoring by World Bank.”

Acknowledging the cooperation of Switzerland and Nigeria as an excellent opportunity to fight against corruption at domestic and international levels, the signatories to the agreement recalled the long partnership by their two countries in asset recovery, based on the principles of national interest, trust and mutual respect.

 

“Nigeria’s Economy Needs 59million Additional Jobs in 20 years” – World Bank

According to a new World Bank study, Nigeria needs to create an estimated 40 to 50 million additional jobs between 2010 and 2030.

The study, which was released in Abuja on Tuesday, March 15 noted that creation of that amount of jobs is imperative to avert a nationwide market crisis, that may result in possible economic collapse.

According to the reports, majority of adult Nigerians are employed, but locked into low productivity and low income work, with no job or income security.

“To reduce poverty and promote inclusive growth, the jobs to be created need to be more productive and provide higher incomes than the country’s jobs provides today” said the three new reports.

The reports also noted that beyond basic skills, better policies and programmes would improve access and market relevance of technical vocational education and training.

 

Dangote Opens Tomato Factory to Produce 1,200 Metric Tons Per Day

Poisonous Iranian Tomato Paste
NCS Raises Alarm over Arrival of Six Containers of Poisonous Iranian Tomato Paste

The Dangote Group has opened a tomato-processing factory near Nigeria’s northern city of Kano aimed at competing againts imports from China.

“We have fully started operations today and the target is 1,200 metric tons per day,” the managing director of Dangote Farms Limited, which runs the plant, Abdulkareem Kaita, said Tuesday in an interview with Bloomberg.

He said: “We are going to work with the farmers, they can afford to produce more because there’s a processing factory and they don’t have to suffer losses like they did before.”

The plant, which will produce 1,200 metric tons per day was built following a 2011 Central Bank of Nigeria study that showed it was cheaper to process tomato paste locally than import from China, the source of about 300,000 tons a year worth $360 million.

Dangote’s facility will produce more than 400,000 tons of paste annually, with most of its raw material coming from farmers in the Kadawa Valley in Kano state.

 

Zenith Bank Posts N105.7billion Profit After Tax

Zenith Bank Plc has announced a N105.663 billion profit after tax for the year ended December 31, 2015.

The bank in the result sent to the Nigeria Stock Exchange, NSE, on Tuesday, March 15, in Lagos reported an increase of N6.208bn, representing 6.24 per cent over the N99.455bn it made in 2014.

The bank’s profit before tax also rose from N119.796bn in 2014 to N125.616bn in 2015, translating to N5.820bn or 4.86 per cent.

However, Zenith Bank Plc’s gross earning for the period under review stood at N432.535bn, an increase of N29.192bn or 7.24 per cent over N403.343bn it made during the same period in 2014.

Its earnings per share rose by 20 kobo from 316 in 2014 to 336 kobo in 2015.

Non -performing loan of the money lender surged from 1.8 per cent in 2014 to 2.2 per cent at the end of 2015 financial year.

The board of directors, pursuant to the powers vested in it by the provisions of Section 379 of the Companies and Allied Matters Act (CAMA) of Nigeria, proposed a final dividend of N1.55 kobo per share which in addition to the N0.25 kobo per share paid as interim dividend amounts to N1.80 per share.

 

FG’s Spend on Local, Foreign Travels in Three Years Hits N248billion

Foreign and local travel was the largest single expenditure item, according to a review of government’s overhead expenditure for the period 2012 to 2014.
A cumulative total of N248 billion, equivalent to about 18% of total overhead expenditure, was spent on travels during the period. This translates to N83bn per annum.
A statement from the Federal Ministry of Finance said discussions with local and international airlines to secure discounts for travel by government officials are yielding positive results.
The ministry said at a conservative discount of 5% on ticket prices, the estimated savings per annum is approximately N4bn.
The Special Assistant Media to the Minister of Finance, Festus Akanbi, said given the large amount spent on travel, and consequently the significant potential for savings, it is imperative that the Efficiency Unit prioritises travel as a key focus area for cost cutting and generation of savings.

To this end, the Efficiency Unit has engaged in discussions with local and international airlines for discounts commensurate with the large number of ticket purchases made by government annually. The savings generated will increase funding available to the government for capital investment.

Nigeria’s Inflation Soars By 11.4% In February

The National Bureau of Statistics, NBS, on Tuesday, March 15, said the inflation rate in February jumped by 11.4 per cent compared to the 9.6 per cent in January.

This is contained in February 2015 Consumer Price Index (CPI)/ Inflation Report issued by the NBS in Abuja.

According to the report, the CPI which measures inflation, has recorded a significant increase in February.

“The headline index increased by 11.4 per cent year-on-year in February, roughly 1.76 per cent point higher from rates recorded in January (9.6%).

“The faster pace of increases which led to the overall rise in the headline index was recorded across almost all major divisions.

“ This contributes to the headline index with the exception of the restaurants and hotels division which increased, albeit at a slower pace.’’

After increasing at the same pace for two months, the report said the pace of food prices as recorded by the food sub-index increased at faster pace in February.

It said the food index increased by 11.3 per cent, up by 0.71 per cent point from rates recorded in January.

FG Earmarks N50billion for Retirees

The Federal Government has budgeted the sum of N50 billion for retirees for 2016.

This is N41billion short of the N91billion requested from the Federal Government by the National Pension Commission, PenCom.

The Director-General, National Pension Commission, PenCom, Chinelo Anohu-Amazu, who spoke to reporters in Lagos, said the outstanding accrued rights yet to be paid by the Federal Government to pensioner stands at N20billion and the figure might jump to N61 billion, if the N41 billion outstanding accrued pension rights for this year is added.

She said if the N50billion requested is funded by the government, there will still be a deficit, noting that N91billion was needed to pay every retiree that will retire this year going by the Commission’s figures.

She said the problem only affect Federal Government employees, while those in the private sector do not have such issues because they are already funded.

The PenCom DG, however, noted that the government is making efforts to clear all outstanding pension.

 

FG To Add 1206Megawatts to National Grid To Boost Supply

The Minister of Works, Power and Housing, Babatunde Fashola, on Tuesday, March 15, said Federal Government plans have reached final stage to add extra 1,206 megawatts (Mw) of electricity to the national grid.
He said the power would be generated through the concluded 14 frameworks for solar panel projects embarked upon by the Federal Government.
Fashola spoke during a meeting with the French delegates headed by France Minister of Environment and Power, Segolene Royal, alongside her Nigerian counterpart, Amina Mohammed in Abuja.

He said the present administration is committed to adopting renewable energy as part of efforts to convert the nation’s numerous challenges to opportunities.

Market Capitalization Slips Further By N38billion

The negative trend sweeping through the Nigerian Stock Market remained unchanged on Tuesday, March 15, as the market capitalization dipped further by N38 billion.

The market capitalization, which opened at N8.893 trillion shed N38 billion or 0.43 per cent to close at N8.855 trillion.

Market analysts attributed the development to investors’ reaction to profit warning released by Ecobank Transnational Plc.

An analysis of the price movement chart indicated that Nigerian Breweries recorded the highest loss of N4 to close at N93 per share.

However, despite the fall  recorded by the market indices, the volume of shares traded closed higher with a turnover of 287.04 million shares valued at N2.67 billion achieved in 4,561 deals.

 

1...2,9142,9152,916...3,015Page 2,915 of 3,015
© 2025 - BizWatchNigeria.Ng
BizWatchNigeria.Ng
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.