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BVN, IPPIS Help Erase 23,846 Ghost Workers from Government Payroll

The Bank Verification Number (BVN) scheme and the Integrated Payroll and Personnel Information System (IPPIS) have erased 23,846 non-existent workers from the Federal Government’s payroll, thereby reducing the administration’s February wage bill by N2.293 billion.

According to the minister of finance: “this figure represents a percentage of the number of non-existent workers who had hitherto been receiving salary from various ministries, departments and agencies. It was further explained that the investigation of other suspected cases continues in conjunction with the Economic and Financial Crimes Commission (EFCC).”

The ministry also revealed that the Federal Government is also taking actions to pursue recovery of salary balances in bank accounts, as well as any pension contributions in respect of the deleted workers. This involves active collaboration with the concerned banks and the National Pension Commission.

In the statement, ministry noted “the Military Pension Board has revised the amount payable for its due pension contributions on a monthly basis by N575 million, following its annual verification exercise for military retirees. This reduced the number of pensioners by 19,203 as a result of deaths since the last verification exercise in 2012. The Federal Government, in its efforts to reduce personnel cost, is determined to continue the verification programme on a regular periodic basis.”

Since personnel costs represent over 40 per cent of total government expenditure, the ministry explained that the Federal Government would continue to strengthen its payroll controls as it plans to undertake periodic checks and to utilise computer assisted audit techniques under its new continuous audit programme.

Market Capitalization Scoops N117billion As Bullish Trend Opens New Week

The new week at the Nigerian Stock Market opened on a positive note on Monday, February 29, as market capitalization leaped by N117 billion.

The market capitalization jumped by 1.41 per cent to close at N8.45 trillion against the N8.34 trillion achieved on Friday.

Market analysts attributed the growth to the end of month realignment activities embarked upon by some investors and traders.

Seplat topped the gainers’ table, growing by N9 to close at N349 per share while Mobil followed with a gain of N6.97 to close at N156.97 and Dangote Cement increased by N6.75 to close at N141.75 per share.

ETI increased by 79k to close at N16.75 while Presco went up by 25k to close at N34.25 per share.

Conversely, Conoil recorded the highest loss for the day, dropping by 91k to close at N17.43 per share.

Nigerian Breweries trailed with 77k to close at N101 while Zenith Bank dropped by 28k to close at N11.07 per share.

Dangote Sugar depreciated by 27k to close at N5.23 and Oando declined by 23k to close at N2.97 per share.

Wapic Insurance was the most traded stock, exchanging 207.11 million shares worth N103.56 million in 11 deals.

Access Bank followed with an exchange of 138.97 million shares valued N562.78 million traded in 66 deals while Zenith Bank sold 24.18 million shares worth N268.71 million in 506 deals.

FCMB Group accounted for 13.46 million shares valued N10.31 million transacted in 99 deals and Oando recorded a turnover of 10.67 million shares worth N32.08 million in 159 deals.

The volume of shares traded increased by 66.64 per cent with an exchange of 467.24 million shares valued N1.49 billion achieved in 2,549 deals.

This is in contrast with the 280.39 million shares worth N1.73 billion traded in 2,771 deals on Friday. (NAN)

 

Saudi Rally Pays Off As Oil Price Climbs to $35.77 Per Barrel

Brent crude jumped two per cent on Monday, February 29,  adding to strong gains last week as one of the Organization of Petroleum Exporting Countries, OPEC, top members,  Saudi Arabia said it would work with other producers to stem market volatility.

Brent futures LCOc1 were trading at 35.77 dollars a barrel at 1443 GMT, up 67 cents from their previous close.

U.S. crude futures CLc1 were up 42 cents at 33.20 dollars.

“The kingdom (of Saudi Arabia) seeks to achieve stability in the oil markets.

“‘It will always remain in contact with all main producers in an attempt to limit volatility and it welcomes any cooperative action,” the Saudi cabinet said in a statement.

Saudi Arabia and several fellow OPEC members agreed with non-OPEC Russia this month to freeze output at January levels in an attempt to prop up prices.

Russian President Vladimir Putin has called a meeting with top managers of his country’s leading oil producers for today.

However, Iran remains the main obstacle to a global output freeze because it is determined to ramp up supply after the country’s emergence from international economic sanctions in January.

Yesterday, Iran said it had increased exports steeply over the past month. Exports climbed as high as 1.75 million barrels per day, adding to an already oversupplied market.

“There is still a lot of downside risk … but the U.S. crude market seems to have passed the worst point.

“Crude runs should start creeping higher, taking pressure off inventory levels,” said Richard Gorry, director of JBC Energy Asia.

U.S. producers cut the number of rigs drilling for oil for a tenth week running, taking the rig count to its lowest since December 2009.

A media monthly poll showed yesterday that oil prices are expected to average a little more than $40 a barrel this year.

Financial data also suggested sentiment might be shifting.

Data from InterContinental Exchange yesterday showed that investors in crude held more futures and options contracts betting on rising prices than at any time since the records began in 2011.

The amount of open positions in U.S. crude contracts betting on a further fall in prices has dropped to about 17 per cent since mid-February.

At the same time, financial traders have raised their bullish bets on oil after talk of a global production freeze, signs of falling U.S. shale crude output and growing gasoline demand.

“There are tentative signs the worst may be over for commodities, at least judging by the pick-up in investor sentiment,” Barclays (L:BARC) said.

NCC Resumes 2.6GHz Spectrum Licence Auction

The Nigerian Communications Commission, NCC, has restarted the process for the licensing of the 2.6GHz spectrum band auction to telecommunications service providers in Nigeria for full broadband service delivery to telecommunication subscribers.

A statement issued on NCC website and signed by the Executive vice chairman/chief executive officer, NCC Umar Danbatta, said: “The NCC, on behalf of the Federal Government of Nigeria, hereby informs parties interested in participating in the Auction of Frequency Spectrum Licences in the 2.6 GHz band that the process of the Auction has resumed.

“Further details will be published in due course in print and electronic media, as well as on the Commission’s website; www.ncc.gov.ng. Interested participants are advised to be on a watch out” he said. It is expected that will issue an Information Memorandum (IM) on the Commission’s website.

Danbatta had during his first world press conference in Lagos said, he had setup a committee that was working on retuning the Commission’s spectrum licencing process in order to kick-start a fresh process devoid of rancour for awards of spectrum licences such as 2.6GH, 70MHz, etc.

The 2.6GHz spectrum has been influenced by the need to open up the space for the delivery of present and future generations of broadband services to subscribers in consonance with the Nigerian National Broadband Plan of 2013-2018. The IM is expected to provide information on the Nigerian telecommunications market, details of the spectrum to be made available, pre-qualification process, the auction process and indicative timetable among others.

NCC had in 2015 suspended the process under the Dr. Eugene Juwah-led NCC. According to the then Information Memorandum, NCC adopted for the licensing of 2×70 Megahertz (MHz) paired spectrum available in the 2.6GHz band.

The spectrum will be offered on technology neutral basis.

 

 

Apapa Customs Command Nets N24billion

Nigeria Customs Service, NCS, Apapa Command raked in N24 billion in January, its Area Controller (CAC), Comptroller Willy Egbudin, has said.

Egbudin said the command netted the revenue despite the dwindling naira and low level of importation.

He also said the low level of compliance by some importers and their clearing agents was responsible for the delay in cargo clearance.

Egbudin said he would harness human and material resources to achieve zero-tolerance for under declaration and other corrupt practices.
“We still have discrepancies in declaration. Most agents are still not transparent in their declarations. If they make honest declaration, it will make clearance of their cargo fast, save them from incurring demurrage and help Customs to facilitate 48-hour cargo clearance,” Egbudin said.

He said importers’ dishonesty was the bane of achieving 48 hours cargo clearance, assuring the port community of the Customs commitment towards achieving 48 hours cargo clearance if honest declaration is made.

“We will achieve 48 hours if honest declaration is done by the trade community,” the controller said.

“We are not doing badly in revenue generation although there is low volume of import,” he said.

Egbudin said more revenue would be generated by the command as import trade in the country improves, charging importers to desist from importing prohibited items.

 

Nigeria Requires 50,000megawatts of Electricity For Economic Development

Nigeria needs over 50,000megawatts of electricity to effectively develop its economy, the Permanent Secretary, Federal Ministry of Petroleum Resources, Jamila Shu’ara, on Monday, February 29, said

The Minister, who delivered the keynote address at a workshop on renewable energy in Abuja, said for Nigeria to take its position as a leading economy in the world, it must generate sufficient electricity to drive its socio-economic development.

Represented by a director at the ministry, Armayaw Korfi, she noted that experience had shown that Nigeria must explore all possible means to expand energy access if it must make head way a nation in power generation.

“While the power requirement to drive Nigeria socio-economic development stands at over 50,000Mw, we currently generate less than a tenth of that. Similarly, we are not able to make any local contribution to the ethanol blending project, which was aimed at reducing emission from fossil fuel,” she said.

“Can we all imagine what economic development that would attend to Nigeria if we are generating about 20,000Mw of electricity from renewable sources, or locally providing ethanol for E10 blending?

“Definitely, the economic landscape of this nation and its people will dramatically change. It is only then that we can confidently take our potential position in the world as a leading economy.”

Shu’ara however said to translate the potentials of renewable energy sources in Nigeria to mechanism of economic development, capacities must be built to identify, explore and manage the renewable options.

 

Nigeria Partners With IATA On Air Safety in Africa

The International Air Transport Association, IATA and Nigeria have collaborated on new measures to boost air safety in Africa.

This pact is in line with decisions reached by African transport ministers in 2012 to improve safety in the continent’s skies.

Nigeria’s Civil Aviation Authority, NCAA, Director-General Captain Muhtar Usman and IATA’s Regional Director, Safety and Flight Operations, Africa and Middle East, Tanja Grobotek, made the promise after a meeting in Abuja last weekend.

Usman described the endorsement of the African Union’s Abuja Declaration as one of the most significant steps taken to boost safety and development of avaiation on the continent.

He said the industry would achieve much if all players contributed to sustain initiatives geared towards improving air safety.

“Nigeria is committed to supporting its implementation across the sub-Saharan Africa through developing new strategies that will see the recent gains on Africa’s safety record sustained and even improved,” he added.

Since the Abuja Declaration’s adoption in 2012, Africa’s safety performance, he said, had improved significantly.

Besides these important and valuable gains, Africa still accounts for the highest accident rate.

“African safety is moving in the right direction, thanks to the work done by a number of African nations, including Nigeria, who have worked hard to raise awareness of the importance of implementing the Abuja Declaration,” Grobotek said.

“In 2015, we saw safety on the continent improve compared to the five-year accident rate for both jet and turboprop hull losses. Nevertheless, the challenges of bringing Africa in line with global performance remain,” she explained.

“IATA remains focused on its commitment to actively contribute its expertise and resources to help African nations implement the standards outlined in the Abuja Declaration.” he said.

‘’One such area is the IATA Operational Safety Audit (IOSA), a proven tool for raising safety. IATA has worked with a number of airlines in Africa to bring them onto the IOSA registry. Eleven have joined since the Abuja Declaration was signed, which means 31 airlines from sub-Saharan Africa now benefit from this rigorous safety audit.”

 

Quantum Global Research Lab Head Joins African Development Bank

Professor Kevin Urama, who was appointed in 2013 to head the Research Lab of Swiss based investor advisor Quantum Global, has left his post to join the African Development Bank as a Senior Policy Advisor on Inclusive and Green Growth.

Having launched Quantum Global group’s Research arm and steered the fledging team through its early incarnation, Professor Urama left the group with the agreement of the Board and took up his new post in early January 2016.

A seasoned development economist with extensive Africa-wide and global experience in inclusive green growth and sustainable development, Urama holds a First Class Honors degree and a Master of Science in Agricultural Economics from the University of Nigeria, Nsukka. From Cambridge University, Professor Urama holds a Master of Philosophy degree with distinction, a Ph.D in Land Economy  and the 2002/2003 James Claydon Prize for most outstanding Ph.D. thesis in economics from St. Edmund’s College.

His responsibilities will include guiding and supporting Bank-wide efforts on energy, climate change, agriculture and natural resources management. He will also provide technical advice to the Bank’s Senior Management Coordination Committee and ensure cross-complex coordination and alignment of activities to deliver on the High 5 priorities of the Bank to accelerate delivery on the ground in countries and across regions.

Professor Urama has worked as a Senior Consultant for the African Development Bank since June 2015, advising the President as a member of the Bank’s Transition Management Team.

Welcoming Professor Urama’s appointment and acknowledging his significant contribution to Quantum Global group’s output, Jean – Claude Bastos de Morais, Quantum Global group founder said, “Kevin’s role to launch the Research Lab has been recognized among a broad swathe of international and African stakeholders. He is a towering professional in his field and although his tenure here has been short, it has also been marked by remarkable success and we are sorry to see him leave. We are entirely confident that his work with the African Development Bank will be characteristically authoritative and high quality and we recognize the significance of the role he will play with that august African institution. We wish him every success and look forward to welcoming him as our guest and respected former colleague when he is able visit us.”

Sanofi Launches Zentiva in Nigeria

Nigeria’s pharmaceutical industry recently received a boost with the launch of Zentiva, a Sanofi company, on Wednesday February 24, 2016. Zentiva is the third largest and fastest growing generics company in Europe that develops, manufactures and distributes high-quality and affordable generics drugs to improve and prolong the lives of patients.

The event which was described as an epoch-making occasion attracted high-flyers in Nigeria’s pharmaceutical and healthcare industries.

Delivering his remarks, the Special Guest of Honour and Chair of the occasion, Dr. Babatunde Ipaye, the Honourable Commissioner for Health, Ogun State, stated that Zentiva’s entry into Nigeria would enhance accessibility to quality healthcare.

Mr. Abderrahmane Chakibi, Managing Director of Sanofi Nigeria and Ghana delivering his welcome speech at the launch of Zentiva in Nigeria, at the Function Suite, Sheraton Hotel and Towers, on Wednesday, February 24
Mr. Abderrahmane Chakibi, Managing Director of Sanofi Nigeria and Ghana delivering his welcome speech at the launch of Zentiva in Nigeria, at the Function Suite, Sheraton Hotel and Towers, on Wednesday, February 24
Mr. Abderrahmane Chakibi, Managing Director of Sanofi Nigeria and Ghana delivering his welcome speech at the launch of Zentiva in Nigeria, at the Function Suite, Sheraton Hotel and Towers, on Wednesday, February 24
Mr. Abderrahmane Chakibi, Managing Director of Sanofi Nigeria and Ghana delivering his welcome speech at the launch of Zentiva in Nigeria, at the Function Suite, Sheraton Hotel and Towers, on Wednesday, February 24
Dr. Babatunde Ipaye, Commissioner for Health, Ogun State, delivering his welcome address as the Chairman/ Special Guest at the launch of Zentiva in Nigeria, at the Function Suite, Sheraton Hotel and Towers, on Wednesday, February 24
Dr. Babatunde Ipaye, Commissioner for Health, Ogun State, delivering his welcome address as the Chairman/ Special Guest at the launch of Zentiva in Nigeria, at the Function Suite, Sheraton Hotel and Towers, on Wednesday, February 24

He said: “In Nigeria, there is dire need to offer quality healthcare service to the citizenry. There is a huge gap in the healthcare spend in the more developed economies when compared to what is spent on healthcare in this part of the world. Many citizens cannot afford the kind and quality of medicines that are used in developed countries. So, one of the ways to get the citizens to afford qualitative drugs is to support companies that produce generic medicines. That is why I will align with organizations that explore innovative ways of providing qualitative and affordable healthcare products and services.”

In his welcome speech, the Managing Director of Sanofi Nigeria-Ghana, Mr. Abderrahmane Chakibi, stated that the company’s ambition is to increase access to healthcare through the provision of innovative medicines and disease management expertise. He added that the company continually invests in research and development activities in order to discover and develop new therapeutic solutions in response to emerging health challenges.

He said: “One of our strategies is to continue to provide safe, effective and cost-effective medicines to support the driving down of overall healthcare costs. This is why we are today unveiling our rich portfolio of quality and cost effective generic medicines under the identity of Zentiva in Nigeria. It is in direct reinforcement of Sanofi’s ‘access to healthcare ambitions’.”    

Mr. Chakibi further stated that quality healthcare need not be expensive. He added: “Our people deserve to have access to the best quality but yet most cost-effective medicines possible. With our extensive and secure distribution network, and the unique expertise of our workforce and trade partners, Sanofi is strategically positioned to make the Zentiva brands available to all who need it in Nigeria.”

Mrs. Titilope Owolabi, Director, Drug Evaluation and Research of the National Agency for Food and Drug Administration and Control (NAFDAC) educated the audience on the differences between innovator, generics and counterfeit drugs.

According to her, the innovator or branded drugs have undergone the process of research and development and have been patented and marketed; while generic drugs are the equivalent copies of the innovator drugs after the latter’s patents have expired. She further explained that generic drugs are subjected to the same level of regulatory scrutiny as the branded drugs and therefore must undergo similar process of quality assurance in their manufacture. Mrs. Owolabi stated: “Despite the lower costs of the generic drugs, considerations for their quality, safety and efficacy are never compromised when it comes to the process of their approval by the drug regulatory agency.”

The NAFDAC Director adduced the cost-effectiveness of generic drugs to the lower costs which its manufacturers have to bear compared with costs which the innovator had to bear in the course of drug discovery and development. She added that promoting generic drugs can help meet some of the objectives of healthcare reforms.

Dr. Kolawole Owoka, the Chairman of the Health and Managed Care Association of Nigeria (HMCAN) stated that he was glad that a multinational company is launching generic drugs in Nigeria. He said, “When you know generic drugs are being manufactured by pharmaceutical companies of repute, you are rest assured that you are getting quality drugs. Only about 10 per cent of drugs in Nigeria are manufactured locally. We need reputable companies, such as Zentiva, to establish their manufacturing plants in Nigeria for improved access to quality and affordable drugs.”

Mr. Gabriel Ogunyemi, the Head of the Primary Care Business Unit, Sanofi Nigeria-Ghana said while delivering his presentation that “hope is what Sanofi brings each day, responding to the new challenges of protecting the health of seven billion people. With its generic products, Sanofi strengthens its commitment to providing patients around the world with reliable access to high-quality, safe, effective and affordable medicines He further explained that Zentiva’s strategy is hinged on safety, efficacy, quality and affordability guaranteed by Sanofi. He assured that Zentiva’s portfolio of generic drugs are effective and have similar potency as branded original drugs.

FG Working on Youth Empowerment Programmes – Minister

Minister for Information, Alhaji Lai Mohammed
The Minister of Information and Culture, Alhaji Lai Mohammed, revealed during the closed of the fourth edition of the annual Social Media Week, that the Federal Government is currently designing different programmes that will help to empower the nation’s youths.
He assured that the Federal Government will partner with the youths to ensure the actualization of their potentials.

‘’In our efforts to diversify our economy away from oil, I am confident that we have great options in the creative industry and the infinite possibilities that an empowered young Nigerian can spin. We will partner with the youths to make it possible for them to actualize their dreams,’’ he said.

The Minister, who also fielded questions from the audience on issues ranging from Boko Haram to tourism and the country’s image, congratulated the organizers of the gathering that provides the ideas, trends, insights and inspiration to help people and businesses understand how to achieve more in a hyper-connected world.

Earlier, the Convener of the Lagos Social Media Week, Mr. Obi Asuka, expressed the hope that the Federal Government would collaborate with the organizers to ensure that the 5th edition, to be held in 2017, is even bigger than the previous editions.

Governor, Stakeholders to Address Challenges in the Health Sector

Kwara State governor, Abdulfatah Ahmed has called for collaborative efforts by stakeholders to address the challenge of healthcare infrastructure deficit in the country. He made this assertion when the Deputy Ambassador of Netherlands, Mitchel Decleen led a team of PharmAccess and Hygenia on a visit to him at the Government House, Ilorin.

The governor said collaborative efforts were needed to ameliorate the situation, stressing that the Community Health Insurance Scheme of the state government, in partnership with the government of Netherlands, PharmAccess and Hygeia was a positive development in that regard, adding that the scheme would soon cover all the 16 local government areas of the state.

Ahmed stated that a funding formula that is self generating would be initiated to ensure that the scheme is sustained after the exit of the present partners.

However, he expressed the hope that the partnership that has made the State Community Health Insurance Scheme a success would be sustained for sustainable healthcare in the state.

The Deputy Ambassador of Netherlands and Leader of the team, Mitchel Deleen in his remarks said in line with the roadmap of the funding strategies of the CHIS, the team was in the state to examine the funding strategies

WHO Lauds Nigeria for Curbing Polio Transmission

World Health Organization (WHO) recognized Nigeria for her excellent performance in interrupting the transmission of the wild polio virus in the country. The country has gone a year and half without polio and is expected to be certified polio-free next year if it continued with the trend.

The award, which was conferred on the country at the African Ministers Conference on Immunization in Addis Ababa, Ethiopia, was received by a high level Nigerian delegation headed by the Minister of Health, Prof. Isaac Adewole.

The National Immunization Plus Days (NIPDs) yesterday appealed to resident to make their wards that are not more than five years available for immunisation.

Special Adviser to the Governor on Primary Healthcare, Dr. Femi Onanuga, urged parents and care givers to ensure that their children and wards are taken to the primary health care clinics to receive vaccine and all other scheduled immunizations to protect them against the preventable killer diseases.

 The Expert Review Committee on Polio Eradication in Nigeria has recommended two rounds of NIPDs in February and March 2016, targeted at all children under the age of five years.

WHO Regional Director for Africa, Dr. Matshidiso Moeti, described Nigeria as sterling example of how polio eradication infrastructure could be deployed to strengthen public health, citing the Ebola containment efforts as one of such.

 

Nigeria, Qatar, Sign Bilateral Agreement On Air Services

Nigeria and the State of Qatar yesterday in Doha signed Bilateral Air Services Agreement (BASA) to pave the way for direct flights between major cities of both countries. Both countries also signed an agreement to avoid double taxation and tax evasion on the sidelines of President Muhammadu Buhari’s state visit to Qatar.

The Minister of State for Aviation, Senator Hadi Sirika, signed the air services agreement on behalf of the country while Qatar’s Minister of Transportation and Communications, Jassim Bin Saif Alsulaiti, signed on behalf the Emir of Qatar, Sheikh Tamim Bin Hammad Al-Thani. Finance minister, Mrs Kemi Adeosun, also signed the agreement, along with her Qatari counterpart, Ali Shareef Al Emadi, for the avoidance of double taxation and the prevention of fiscal evasion with respect to tax income.

The agreement which was signed in the presence of both leaders is expected to operate on the principle of reciprocity by the designated airlines on behalf of the countries.

It is also expected that the agreement on bilateral air service will promote trade, commerce and tourism between the two countries just as Nigeria has also commenced discussions on partnerships towards establishing a national airline for Nigeria. The agreement on the avoidance of double taxation which had been negotiated since February 2015 will no doubt bring in more investments and businesses between Qatar and Nigeria.

Buhari Urges OPEC Members To Unite And Help Stabilize Oil Prices

President Muhammadu Buhari in Doha, Qatar, has stressed the need for member states of OPEC and non members to unite and find a common ground to stabilise crude oil prices.

The president labelled the current market situation in the industry, which had seen oil prices plummet by 70 per cent since mid 2014, as “totally unacceptable’’.

“As members of OPEC and Gas Exporting Countries Forum (GECF), our relations in the areas of oil and gas, which our two nations heavily rely on, need to be enhanced and coordinated for the benefit of our people.

“We must cooperate both within and outside our respective organisations to find a common ground to stabilise the market, which will be beneficial to our nations,’’ he emphasised.

President Buhari noted with delight the existing cordial bilateral relations between Nigeria and Qatar. He, however, invited prospective Qatari investors to take advantage of the abundant opportunities in Nigeria and invest in the key areas of energy, agriculture, real estate development, banking and finance.

President Buhari said in the course of his visit, the delegations from Nigeria and Qatar would formalise at least two bilateral agreements to boost economic cooperation between both countries.

He also weighed-in on the situation in the Middle East, commending the role Qatar was playing in resolving the present Syrian crisis, the Palestinian course and efforts in reconstructing Gaza.

 

The Days Of $50 A Barrel of Oil Are Coming – Kachikwu

Kachikwu

Minister of Petroleum Resources, Dr. Ibe Kachikwu, has stated that the days of $50 a barrel of oil are coming, regardless of the recent disagreements among members of the Organisation of Petroleum Exporting Countries (OPEC). He also said he will continue to push for production freeze consensus.

“The minister for energy in Qatar and the president of OPEC is leading that pact and there is a lot of conversation going on and there’s a lot of consensus building on the issue of the freeze. Saudi Arabia and Russia are aligned on the issue of a freeze, so I think the chances are very high.”

“I am certainly hoping for prices in the range of $45 to $50. I’m hoping a consensus can be built and that parties can begin to work together across the board, not just OPEC members, but also non-OPEC members,which is what the gulf states and most of us have pushed for. With that, you’ll begin to see upward movement in those prices,” Kachikwu stated.

Saudi Arabia’s oil minister, Ali al-Naimi, has voiced strong resistance about a production cut, but has given his country’s support to a freeze. The country is now one of those pushing for a production freeze among both OPEC and non-OPEC members.

“Freeze is the beginning of a process, and that means if we can get all the major producers to agree not to add additional balance, then this high inventory we have now will probably decline in due time. It’s going to take time,” Naimi said at the annual IHS CERAWeek energy conference in Houston, recently.

“It is not like cutting production; that is not going to happen because not many countries are going to deliver even if they say they will cut production – they will not deliver. So there is no sense in wasting our time seeking production cuts,” he added.

MANUFACTURING JOBS | Contract Sales Representatives at Nigerian Bottling Company Limited – Rivers, Imo, Akwa Ibom

The Nigerian Bottling Company Limited is one of the biggest companies in the non-alcoholic beverage industry in the country and is the sole franchise bottler of The Coca-Cola Company in Nigeria.

Our company serves approximately 160 million people by producing and distributing a unique portfolio of quality brands, bringing passion to marketplace implementation, and demonstrating leadership in corporate social responsibility.

We are recruiting to fill the position of:

Job Title: Contract Sales Representative

Job Reference: CSR/02/2016
Locations: Owerri, Port-Harcourt, Uyo
Functional areas: Commercial
Department: Commercial

Job Details

The Contract Sales Representative reports to the Sales Manager and will be given specific performance targets and upon satisfactory evaluation of his/her performance against specific targets and performance standards within the stipulated period of their contract, he/she may be offered a permanent contract of employment with the Nigerian Bottling Company Ltd.

Key Accountabilities

  • Develop and maintain the relationships with current customers and potential customers.
  • Identify and explore new sales opportunities. Follow-up on collection of payments.
  • Arrange schedules on product delivery.
  • Deploy special sales activities to increase sales.
  • Help the company implement its marketing plans as required.
  • Supervise the execution of sales plans and strategies for the territory.
  • Service the strategic distributor/dealers accounts.
  • Develop and grow existing accounts and retail outlets.
  • Ensure activation to Coca-Cola standards in the primary and secondary outlets in a way that will positively impact product availability and outlet activation, thereby increasing company sales and market share.

Requirements
Desired Candidate Profile:

  • B.Sc/HND in Management Science/Arts/Humanities (minimum of 2nd class lower division/lower credit) obtained from a recognized university/polytechnic with NYSC certificate.
  • A minimum of 3 years experience.
  • Must not be above 35 years Excellent planning and organizing skills Excellent customer relation skills Excellent communication skills Computer skills, including MS Office, PowerPoint, etc Knowledge of FMCG commercial operations will be an added advantage.
  • Interested candidates should be resident in Owerri, Port-Harcourt, Uyo and its environs.

Application Closing Date
29th February, 2016.

How to Apply
interested and qualified candidates should APPLY

MANUFACTURING JOBS | Nestle Nigeria Plc Entry Level Job Recruitment 2016

Nestle Plc, with a presence in more than 130 countries and factories in more than 80 research centres
brings many global benefits. We believe in long term career development and appreciate how challenges and motivation will help you reach your potential. Nestle Nigeria Plc upholds the principle of Non- Discrimination and Equal Employment Opportunities in its recruitment processes.

Application are hereby required from suitably qualified candidates to fill the vacant position below at Flowergate Factory, Sagamu:

Job Title: Production Technician

Location: Sagamu, Ogun

Job Description

  • To operate and carry out autonomous maintenance on the production line under his responsibility to meet up with Safety, Quality and Output requirements.

Responsibilities

  • Carry outline operations in accordance to operating instructions and parameters.
  • Achieve required quantity of products and of right quality as per specifications.
  • Carry out autonomous maintenance, CIL of assets under his/her control.
  • Update necessary records of operations as at when due.
  • Comply with safety, health, environment and food safety and quality procedures
  • Other tasks as assigned by superior officers.

Requirements

  • OND/City & Guilds/NABTEB (Technical) in Electrical / Mechanical Engineering.
  • Minimum of five (5) credits including English language and Mathematics in SSCE/NECO or its equivalent.
  • Must have at least 1 year experience in a reputable manufacturing organisation.
  • Computer literacy.
  • Good communication skills (oral and written).
  • Good interpersonal skills.

Application Closing Date
3rd March, 2016.

How to Apply

Qualified and interested candidates should send their details in the “MS Excel format” below only to: flowergate.recruitment@ng.nestle.com (also attach your CV)

Excel Format

Title | Surname | Other Names | Age (as at 1st Feb. 2016 | Basic Qualification (e.g SSCE/NECO) | No. of Credits |Other Qualification(s) e.g OND | Years of Experience | Phone No l

Note:
Only short-listed candidates will be contacted.

BANKING & FINANCE JOBS | African Development Bank (AfDB) Internship Program 2016

African Development Bank (AfDB) established to strengthen dialogue between the Bank and the Government, is recruiting to fill the position below:

Job Title: 2016 Internship Program (Session II)

Reference: ADB/16/031
Location: Cote d’Ivoire

Objectives

  • Participants in the Program are selected on a competitive basis, based on business needs of the Bank.
  • The broad objectives of the program are to:
  • Provide students with an opportunity to acquire professional and practical experience at the African Development Bank.
  • Provide the Bank with a pool of potential candidates for future recruitment purposes.
  • However applicants should not expect the internship to lead to immediate employment with the AfDB.

Duties and Responsibilities

  • The fields of study from which interns are selected must be within the job families of the Bank, particularly Economics, Agriculture, Private Sector Development, Human Capital Development (Education and Health), Environment, Finance, Infrastructure Development, Human Resources Management, Information Technology, Communications, Law, Internal Audit, Budget, Governance or any other field of study that the Bank may deem relevant to its operations.
  • Special consideration shall be given to students who are working on projects that have a direct bearing on the mission of the Bank.
  • Internships shall be performed either at the Bank’s headquarters in Abidjan (Côte d’Ivoire) or in any one of the Bank’s field offices or Regional Centres.
  • The program is annually run for two sessions as follows:
    • Winter – Session I: January through March. (closed)
    • Summer – Session II: June through August.
  • Internships shall be granted to each candidate for a period not less than three (3) months and not more than six (6) months. The internship will be authorized only once for any candidate.
  • Interns shall be responsible for their air travel (where applicable) to and from the Bank’s location as well as their upkeep.
  • Interns shall be responsible for their medical insurance coverage and for obtaining entry and residence visas in the host country of the Bank.
  • Eligible Interns will be provided with a monthly stipend, depending on the budget availability.

Selection Criteria
Including desirable Skills, Knowledge and Experience:

To be eligible for internship, applicants must meet the following criteria:

  • Students, aged between eighteen (18) to thirty (30) years, and currently enrolled in a Bachelor’s/Master’s level degree program or its equivalent in a recognized public or private institution of higher learning.
  • The candidate can apply for an internship within one (1) year of having obtained such a degree.
  • Provide a letter from their school confirming their enrollment or a copy of the above mentioned Degree.
  • Citizens of one of the Bank’s member countries.
  • Applicants must be fluent in at least one of the Banks’s two working languages (English or French).

The specific disciplines and professional areas that are aligned to the Ten-Year Strategy (TYS) and the gender strategy of the Bank are the following:

  • Economy: Development Research; Statistics;
  • Operations I: Procurement & Fiduciary Services, Fragile States;
  • Operations II: Agriculture & Agro-Industry; Human Development; Governance; Water & Sanitation, Natural Resource Management;
  • Operations III: Energy, Environment & Climate Change; Transport & ICT; Private Sector; Regional Integration and Trade;
  • Strategy & Operational Policies;
  • Results & Quality Assurance;
  • Finance; Budget; Treasury; Resource Mobilization; Risk Management; Audit
  • General/Business Administration;
  • Human Resources Management;
  • IT Services; IT Engineers; Security; IT Security;
  • Protocol Services ; Language Services ;
  • Communication & External Relations ;
  • Gender;
  • Corporate Lawyers;
  • Translation / Interpretation.

Application Closing Date
15th March, 2016.

How to Apply
Interested and qualified candidates should APPLY

RETAIL JOBS | Jumia Nigeria Fresh Graduate Recruitment 2016

Jumia is the largest e-commerce mall in Africa with over 100,000 unique visitors a day, buying everything from Fashion to Phones. Founded in 2012 in Nigeria, Jumia’s mission is to revolutionize the concept of shopping by providing customers with the best online shopping experience.

Jumia is part of Africa Internet Group, a leading global incubator of start-ups specialized in e-commerce. Africa Internet Group is Africa’s leading internet firm, with already over 3,000 employees in over 20 African countries and huge successes such as Jumia.com, Kaymu.com, Hellofood.com, Lamudi.com, Carmudi.com and Jovago.com. It is led by top talented leaders offering a great mix of local and international talents and is backed by MTN, Millicom, AXA and Rocket Internet.

Africa is one of the fastest growing economies in the world, offering excellent opportunities in a vibrant and booming environment. Its economic growth has enabled innovative businesses to flourish and this is where Africa Internet Group steps in.

We are recruiting to fill the position below:

Job Title: Marketing Project Manager

Location: Nigeria
Job type: Full time
Department: Marketing

Job Descriptions

  • As Project Manager, you will work with the Marketing and Communications team.
  • The role offers excellent opportunities to develop and utilize skills in stakeholder management, project management new business and strategy development, customer relationships management and communications.

Key Responsibilities

  • Manage multiple marketing projects simultaneously to ensure timely, accurate and on budget completion.
  • Maintain a fast-paced work style, multi-tasking and sustaining a high-level of communication. Must be enthusiastic about marketing, interactive, and events and stay current on trends, challenges and opportunities in the e-commerce space in Nigeria.
  • Oversee execution of marketing projects that may include activities across different marketing channels offline, online, onsite, ads campaigns, events and various other marketing projects.
  • Proactively facilitate discussions and meetings, including recurring status meetings as well as campaign kick-off meetings and issue resolution meetings
  • Keep stakeholders informed of changes, problems, and progress on assigned projects (via status reports, issue tracking tools and change/scope management mechanisms.)
  • Strategic thinker who can make effective decisions in order to solve problems.
  • Helps to support and cultivate relationships with external vendors, internal clients: vendor managers, fashion style team, design team and outside suppliers.
  • Strong listener that can communicate well with all levels of the organization while displaying a dynamic, thoughtful and customer service focused personality.
  • Process-driven work style that maintains project workflow, seeks information, approvals, and resources needed to maintain time, budget and content requirements.
  • Ability to self-manage and interact successfully with individuals and teams across functions with the flexibility to adapt to changing objectives as needed.
  • Analyze campaign data and create action plans for new assignments.
  • Review, edit and proofread all assigned projects for accuracy and detail.

Behaviors and Competencies

  • Energy Level: Excels in a fast-paced environment with strict deadlines.
  • Assertiveness: Very comfortable making decisions without procrastination.
  • Sociability: Interacts well with others and places value on teamwork and collaboration.
  • Manageability: Follows established guidelines, accepts feedback and direction.
  • Attitude: Keeps a positive attitude about change, conflict, and challenging relationships.
  • Decisiveness: Does not waver or back down once a decision is made.
  • Independence: Comfortable working with limited supervision.

Requirements & Qualification
To be successful in this role you will have:

  • A background in Business Development, Customer Operations, Project Management, Marketing or Public Relations
  • Excellent relationship building, account management and interpersonal skills
  • Experience developing relevant new initiatives, products and/or projects
  • Strong organizational, research, reporting and analytical skills

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should APPLY

Three Nigerian Airlines Obtain IATA Safety Certification

 

Three Nigerian airlines have successfully secured International Air Transport Association, IATA, Operational Safety Audit Certification, known as IOSA.

They are Arik Air, Aero Contractors and FirstNation Airways.

IOSA is international safety standard which is given to an airline by IATA after it has been audited and met the recommended safety standard of the world aviation body and according to statistics, there is less number of air accidents involving airlines with IOSA certification compared to others without the certification.

This agreement is known as Abuja Declaration because the Ministers of Transport of various countries met at the Nigeria’s Federal Capital to endorse this agreement, but since then not many airlines operating in the region have met this given criterion.

IATA has however initiated a programme to assist airlines from the continent to meet the safety standard that will enable them comply with the safety requirements for IOSA certification.

Some other Nigerian airlines at the verge of attaining IOSA certification include Allied Air and Cargo services, Overland Airways and Dana Air, while Air Peace, which is a new airline has done its last workshop but is about to be audited.

This disclosure was made when IATA team led by the newly appointed Regional Director for Africa, Tanja Grobotek, paid familiarization visit to the Director General of the Nigerian Civil Aviation Authority (NCAA) Capt. Muhtar Usman, at the authority’s headquarters in Lagos at the weekend.

Grobotek, during the meeting, vehemently condemned Consumer Protection Council’s (CPC) incursion into aviation regulatory responsibilities of the NCAA with reference to the recent issue of passengers’ complaint with Turkish Airlines.

She promised that IATA would take up the matter with the Minister of State for Aviation for proper delineation of the agency’s roles to avoid a breach of aviation protocols in Nigeria saying, ‘’a situation whereby our member airlines that are by international conventions answerable to NCAA are now being questioned by another body in Nigeria is confusing and need to be addressed.’’

 

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