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SCIENCE AND TECHNOLOGY JOBS | Executive Assistant at Hewlett Packard (HP)

Hewlett Packard – HP is a technology company that operates in more than 170 countries around the world. We explore how technology and services can help people and companies address their problems and challenges, and realize their possibilities, aspirations and dreams. We apply new thinking and ideas to create more simple, valuable and trusted experiences with technology, continuously improving the way our customers live and work.

No other company offers as complete a technology product portfolio as HP. We provide infrastructure and business offerings that span from handheld devices to some of the world’s most powerful supercomputer installations. We offer consumers a wide range of products and services from digital photography to digital entertainment and from computing to home printing. This comprehensive portfolio helps us match the right products, services and solutions to our customers’ specific needs.

We are recruiting to fill the position below:

Job Title: Executive Assistant

Executive Assistant: 1488379
Location: Lagos
Schedule: Full-time
Shift: Day Job
Travel: No

Responsibilities

  • Compiles and reviews reports detailing performance indicators, sales trends, and other sales data related analysis.
  • Supports day-to-day post-sales order transactions (e.g., credits, returns, order entry) and reporting of customer issues, including resolution of basic issues; handles a limited number of highly complex customer accounts.
  • Collaborates with other departments and support groups (e.g., internal sales, audit, operational support, delivery) to resolve routine to moderately complex issues.
  • Ensures resolution of order management issues for all product lines using specialized subject matter knowledge and is a subject matter expert to other departments (e.g., testing new systems to ensure order management system works correctly).
  • Handles a limited number of customer accounts that are highly complex with strategic importance.
  • Supports solutions that impact other departments.
  • Facilitates compliance requirements.
  • Schedules and supervises executive appointments, meetings & events.
  • Ensures key office logistics and maintains records.

Qualifications

  • Education and Experience Required
  • A university degree (Bachelor) or equivalent.
  • Typically 4+ years experience in a customer service role.

Requirements

  • Excellent communication skills. Fluency in English.
  • Advanced knowledge of internal processes and policies.
  • Solid understanding of local legal compliance issues.
  • Advanced problem-solving and analytical skills.
  • Strong teamwork skills.
  • Advanced time management skills.
  • Demonstrated project management skills.
  • Developing mentoring and coaching skills.
  • Extensive expertise in all MS Office Application.
  • Strong sense of confidentiality and responsibility.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidate should APPLY

55 Persons Stole More Than One-Quarter of 2015 budget – FG

Minister for Information, Alhaji Lai Mohammed

The federal government, on Monday alleged that between 2006 and 2013, 55 persons stole a total of N1.34 trillion in Nigeria, an amount that it said was more than a quarter of the 2015 national budget.

Making the revelation at a press briefing in Abuja, organised to kick-start the national sensitization campaign against corruption, the Minister of Information and Culture, Alhaji Lai Mohammed, said if the period is stretched to 2015, the total amount stolen would be about N3.2 trillion.

He said of the stolen funds, 15 former governors allegedly stole N146.84 billion; four former ministers allegedly stole N7 billion; 12 former public servants, both at federal and state levels, allegedly stole over N14 billion; eight people in the banking industry allegedly stole N524 billion; while 11 businessmen allegedly stole N653 billion, but failed to name any of them.

He added: “Using the World Bank rates and costs, one third of the stolen funds could have provided 635.18 kilometres of roads; built 36 ultramodern hospitals, that is one ultramodern hospital per state; built 183 schools; educated 3,974 children from primary to tertiary level at N25.24 million per child; and built 20,062 units of 2-bedroom houses.

“This is the money that a few people, just 55 in number, allegedly stole within a period of just eight years. And instead of a national outrage, all we hear are these nonsensical statements that the government is fighting only the opposition, or that the government is engaging in vendetta.”

Commenting on the issue of the $2.1 billion arms deal, the minister said irrespective of what anyone might say, the funds meant to fight terrorism were deployed to another “fight” – the fight to keep then President Goodluck Jonathan and his party, the Peoples Democratic Party (PDP), in power at all cost.

“So far, based on what we know, no one who has been accused of partaking in the sharing of the funds has denied receiving money. All we have heard from them are ludicrous reasons why they partook in sharing of the money. One said he collected N4.5 billion for spiritual purposes, another said he received N2.1 billion for publicity, while yet another said he got N13 billion to pay someone else for the maritime university land,” the minister stated.

He further said, so many lives have been lost and so many hopes dashed as a result of corruption, however he emphasized that corruption will damage the live and well – being of Nigerians, thereby urging that we need to kill corruption before it kills the nation.

BUSINESS & ECONOMY JOBS | PricewaterhouseCooper (PwC) Nigeria Graduate Recruitment 2016

PricewaterhouseCooper (PwC) firms help organisations and individuals create the value they’re looking for. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, tax and advisory services. In Sub-Saharan Africa, we’re the largest provider of professional services with offices in 34 countries and close to 9 000 people. This enables us to provide our clients with seamless and consistent service, wherever they’re located on the continent. Our in-depth knowledge and understanding of African operating environments enables us to put ourselves in our clients’ shoes and offer truly tailored Tax, Assurance and Advisory solutions to unique business challenges.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity.

Applications are invited for:

Job Title: PWC Nigeria Graduate Recruitment 2016

Reference Number: 125-NIG00100
Location: Lagos
Department: Assurance
Job type: Permanent

Roles & Responsibilities

  • Your learning with us begins with a structured 6 – 8 weeks induction course. This is the first element of a development framework that will help you build business awareness, technical, personal and management skills throughout your career.
  • Self-directed, career-long training is a key feature of life here at PwC. The entire working environment is designed to empower you to learn.
  • You will have access to a wealth of critical knowledge, such as best practices documentation and methodology tools. We will provide you with continuous on- the-job guidance, and you will acquire key knowledge about industries, business strategy and practical business issues faced by our clients through your daily experiences.
  • Professional qualifications will play a vital role in your career. We will provide you with all the support and resources you need to excel in your professional exams.  A coach who will play an important role in your career development will be made available to help you unlock your potentials, so that you can perform at your best.
  • International development is a valuable development opportunity which our global network can provide .This provides you with the opportunity to spend a year or two gaining experience and fresh perspectives with one of the PwC firms around the world, or explore new cultures during short-term client assignments or training courses abroad.

Requirements

  • Fresh Graduate
  • Completed NYSC
  • Minimum of 2nd Upper Class Honours

Additional Information

  • This position is for our Assurance and Tax Regulatory Services

Application Closing Date
5th February, 2016.

How to Apply
Interested and qualified candidates should APPLY

Global Executives See Emergence of Sub-Saharan Africa as Consumer Market

Consumer spending by a fast-growing middle class is as important a growth driver for Africa as mineral and resource demand, according to a new survey of global logistics executives.

In the survey, which is part of the 2016 Agility Emerging Markets Logistics Index, industry executives rank South Africa, Nigeria, Kenya and Ghana as the most promising markets in Sub-Saharan Africa. Poor infrastructure, lack of power generation and corruption continue to pose the most risk to African economies, according to the more than 1,100 executives responding to the survey.

Despite recent growth and surging foreign investment, Sub-Saharan Africa remains a challenging frontier for many. Only 21.2% of logistics industry executives surveyed said their companies have operations there. Another 12.7% said they are in the planning stages to enter African markets. More than 43% said they have no plans to set up in Africa.

“The results show a serious disconnect between the perception of the market and actual opportunities. These are some of the world’s fastest-growing economies. Africa’s requirement for logistics services and supply chain expertise is huge and growing every day. At the same time, many of the companies that need logistics to enter the market don’t know how to get started in Africa or aren’t willing to take the risk,” said Geoffrey White, CEO of Agility Africa. “The market is open for first movers who can navigate risk and nurture African talent. The opportunity is for those seeking to build long-term, sustainable businesses that bring world-class practices and adapt to local conditions.”

The Agility Emerging Markets Logistics Index, now in its 7th year, offers a snapshot of logistics industry sentiment and ranks the world’s 45 leading emerging markets based on their size, business conditions, infrastructure and other factors that make them attractive to logistics providers, freight forwarders, shipping lines, air cargo carriers and distributors.

China, the world’s second-largest economy, remains the leading emerging market by a large margin. Among the countries at the top of the Index rankings this year, UAE (No. 2), India (3) and Malaysia (4) leaped over the commodity-dependent economies of Saudi Arabia (5), Brazil (6) and Indonesia (7). Rounding out the top 10 are Mexico (8), Russia (9) and Turkey (10).

The leading markets in Sub-Saharan Africa are South Africa (No. 16) and Nigeria (17). South Africa has Africa’s most advanced logistics industry and transport infrastructure, but its economy has been hobbled by chronic power shortages, slumping commodity prices, a plunging currency and labor unrest.

Nigeria climbed 10 spots in the 2016 Index, tying Egypt (No. 22) for the biggest gain by any country in the seven years since the Index was first published. Nigeria’s enormous potential has become clearer since its recent decision to update the methods by which it collects economic data. Even so, its economy is heavily reliant on oil and has been hurt by low energy prices.

Other countries in the region fall toward the bottom of the rankings: Ethiopia (37), Tanzania (40), Kenya (43) and Uganda (45). Among countries in North Africa, Morocco ranked No. 20, trailed by Egypt (22), Algeria (30), Tunisia (36) and Libya (41).

Asaba Airport Concession: 14 Firms Indicate Interest.

14 different  companies have indicated their interest to bid for the proposed concession of the Asaba International Airport.

They include the BGL Consortium, FBN Capital, Infrastructural Bank Plc, One Dott Aviation, Rougton International Consortium, Ponclef Associates Limited and Planet Capital Consortium, Enterprise Integratus.

Others are Halcro Infrastructure Consortium, Deloids, PwC, Rosecross, Ed-field Partners Consortium and Vetiva Capital Management Limited.

The state government had, in a bid to upgrade the standard of the airport few weeks ago, called for bidders as transaction adviser in the concession arrangement.

At the opening of the bids on Monday in Asaba, the Senior Policy Adviser to the Governor Prof. Sylvester Monye, supported by his counterpart in Economic Planning, Mr. George Orogun, said only a company with technical capability, quality aviation experience and strong financial base would be considered.

Monye, a former Senior Special Adviser to President Goodluck Jonathan on Project Monitoring and Evaluation, said the state would be represented in Turkey for the proposed Airport Public-Private-Partnership meeting, designed purely for airport concession.

Representatives of the 14 companies expressed their preparedness to lead the transaction both in technical experience and financial strength.

“Nigeria Nets N3.27trillion from Oil in 10 Months” – CBN

The country generated N3.27 trillion from the oil and gas sector in 10 months, between January and October 2015, data obtained from the Central Bank of Nigeria, CBN, has revealed.

The apex bank, in its Economic Report for October 2015, revealed that oil and gas revenue in the 10-month period accounted for 55.93 per cent of the N5.847 trillion total federally collected revenue in the period under review.

In addition to revenue from oil and gas, the country also recorded non-oil revenue of N2.577 trillion, representing 44.1 per cent of federally-collected revenue from January to October 2015.

Giving a breakdown of components of the country’s oil revenue, the report stated that Nigeria earned N737.5 billion from crude oil and gas sales; N1.289 trillion from Petroleum Profit Tax (PPT)/Royalties; N1.159 trillion from domestic crude oil/gas sales and N85 billion from other unlisted sources.

On a month-by-month basis, the report revealed Nigerian earned as follows:

January – N486.4 billion; February – N359.7 billion; March – N364.6 billion; April – N286.2 billion; May – N267.2 billion and June – N285.6 billion respectively. Others are July – N369.4 billion, August – N314.9 billion, September – N265.2 billion and October – N271.1 billion respectively.

In terms of federally-collected revenue on a month-by-month basis, the CBN report showed the country collected for January, February, March, April and May, the sum of N692.1 billion, N554.8 billion, N808.7 billion, N472.2 billion and N462.5 billion respectively.

While N462.6 billion, N679.3 billion, 682.6 billion, N533.1 billion and N499.4 billon were collected in the months of June, July, August, September and October 2015 respectively.

In its analysis of the financials, CBN said the N499.37 billion collected in October was lower than both the monthly budget estimate and the receipt in September by 38.7 per cent and 6.3 per cent, respectively, which it attributed to the shortfall in receipts from oil and non-oil revenue, during the month of October.

In addition, the CBN stated that Nigeria’s crude oil production, including condensates and natural gas liquids, stood at an average of 2.02 million barrels per day (mbd) or 62.62 million barrels (mb) in October. It added that this represented an increase of 0.04 mbd or 2.0 per cent above the average of 1.98 mbd or 59.40 mb, recorded in the preceding month.

“66,838 Passengers Airlifted From Ilorin Airport in 2015” – FAAN

The Federal Airport Authority of Nigeria, FAAN, on Monday, January 18, revealed tha more than 66,000 passengers were airlifted from the Ilorin International Airport, while 2,812 aircraft movements were also recorded from January to December in 2015.

These figures were released in Ilorin by the Operation unit of the agency, Ilorin.

FAAN stated that the passengers figure,was above the 2014 statistics which had a total of 63,441 passengers.

However, the number of aircraft movement in 2014 was more with a total of 3,132, which means that more air passengers travelled through the airport than the number of aircraft landing via Ilorin route during the year under review.

The Airport Manager, Abubakar Muhammed Bibi, disclosed that the airport recorded a higher number of passengers in December, with a total of 6,861 passengers.

However, it recorded low turn-out in May with a total of 4,356 passengers, while a few aircraft landed at the airport in December. Bibi attributed the low aircraft turnout to “the untimely scarcity of Jet A1 (aviation fuel) nationwide between October and November 2015.

Nigeria, Others to Witness $380billion Projects Delays Over Oil Plunge

The oil plunge to 13-year lows has led to serious cutbacks in investments by energy companies, as 68 large upstream oil and gas projects worth $380 billion have been put on hold.

A report from an industry consultancy firm, Wood Mackenzie, stated that, “68 large upstream oil and gas projects worth $380 billion have already been put on hold.”

“The impact of lower oil prices on company plans has been brutal,” said Angus Rodger, an analyst at Wood Mackenzie.

Oil has plunged by about 70 percent (around $30 per barrel) from the June 2014 peak of almost $108.

Instead of concentrating on finding new sources of oil and gas, big companies are now focusing on how to “free up the capital just to survive at low prices,” Wood Mackenzie said.

It added that it’s not just the low price, but the prospect that oil won’t rebound for a long time that is killing projects, particularly costly deepwater investments.

Many of the 68 projects would have taken years to come on stream. Delaying them will deprive markets of 1.5 million barrels of oil per day by 2021, and nearly 3 million barrels by 2025, the report concludes.

Most of the delayed oil projects are in Canada, Angola, Kazakhstan, Nigeria, Norway and the United States, and even more projects could be delayed if prices don’t recover soon.

Wood Mackenzie believes oil would have to jump back above $60 a barrel before companies start dusting off their plans again.

 

Nigeria’s Oil Exports to India Threatened by Iran’s Sanction Lift

Indications have emerged that the lifting of sanctions against Iran could take up Nigeria’s share of oil export to India.

Economic sanctions on Iran were lifted on Saturday, January 16, after the UN nuclear agency certified that the country has committed stop of its nuclear programme.

The lifting restores Iran’s access to the world’s markets. According to reports, the country  is expected to increase its daily export of 1.1m barrels of crude oil by 500,000 and a further 500,000 thereafter.

Iran is said to be targeting India as its main destination for the crude and is already in supply negotiations with the country over export of thousands of barrels.

If the crude supply deal goes through, it could for the first time in years shrink Nigeria’s crude export to India. India has remained the largest buyer of Nigerian crude since the United States cut its import of Nigeria’s crude.

Prior to 2012 Nigeria accounted for about 10 percent of crude oil imported into the United States, according to data by the US Energy Information Administration (EIA). But the Nigeria-US export has shrank below 5 percent to date.

India bought around 136m barrels of crude from Nigeria in 2014 to emerge the highest importer of Nigeria’s oil, according to NNPC’s statistical bulletin for 2014.

That data translates to 11.3m monthly and around 373,000 barrels per day (bpd). According to the National Bureau of Statistics (NBS) Foreign Trade Statistics for Q3, 2015, the value of Nigeria’s crude oil exports to India, the world’s third largest crude importer, rose by N31bn from N352bn in the second quarter (Q2) to N383bn in the third (Q3) of 2015.

“55 Public Office Holders Stole N1.3trillion in Seven Years” – FG

The federal government has revealed that 55 public offers embezzled a total of N1.34 trillion, in seven years – between 2006 and 2013.

Minister of Information and Culture Alhaji Lai Mohammed announced this at a press conference in Abuja, on Monday, January 18.

He said the figure represented more than a quarter of last year’s national budget.

He revealed that 15 former governors allegedly stole 146.84 billion naira; four former ministers, 7 billion naira and 12 former federal and state officials, N14 billion. Eight people in the banking industry allegedly stole 524 billion while 11 businessmen allegedly stole 653 billion naira.

The period covered the end of former President Olusegun Obasanjo’s second tenure, late President Umaru Musa Yar’Adua and his successor, Goodluck Jonathan.

Using World Bank Rates and Costs, the minister said one third of the stolen funds could have provided 635.18 kilometres of road; built 36 ultra modern hospitals, that is one ultra modern hospital per state; built 183 schools; educated 3,974 children from primary to tertiary level at 25.24 million per child; and built 20,062 units of 2-bedroom houses. “This is the money that a few people, just 55 in number, allegedly stole within a period of just eight years. “The situation is dire and the time to act is now,” Lai Mohammed said.

He added: “And instead of a national outrage, all we hear are these nonsensical statements that the Government is fighting only the opposition, or that the government is engaging in vendetta. T

Stocks Plummet Deeper by N331billion on Intense Sale Pressure

Market capitalization saw a heavy fall on Monday, January 18, as the equities market sustained a downward trajectory on the back of further intense sale pressure.

At the end of transaction, the market capitalization of 190 listed equites slumped by N331 billion from N8.087 trillion it opened the week to close at N7.756 trillion.

At the end of yesterday trading the year to date losses have increased to 21.27 per cent.

Market breadth closed negative as Continental Insurance Plc led 6 gainers against 37 losers topped by Lafarge Africa Plc at the end of the trading which was an improved performance when compared with previous outlook.

Volume and value of trades recorded a decline of 58.81 per cent and 72.91 per cent respectively from their previous trading levels.

Oil Hits 2003 Low Below $28 as Iran Plans to Raise Output

Oil prices hit a 2003 low below $28 per barrel on Monday, January 18, as the market braced for a rise in Iranian exports after the lifting of sanctions against Tehran over the weekend.

The United States revoked sanctions that had cut Iran’s oil exports by about 2 million barrels per day (bpd) since their pre-sanctions 2011 peak to little more than 1 million bpd.

Iran, a member of the Organization of the Petroleum Exporting Countries (OPEC), issued an order on Monday to lift production by 500,000 bpd, the country’s deputy oil minister said.

Concerns about Iran’s return to an already oversupplied oil market drove down Brent crude LCOc1 to $27.67 a barrel early on Monday, its lowest since 2003. The benchmark was down 12 cents at $28.82 by 1537 GMT.

U.S. crude CLc1 was down 27 cents at $29.15 a barrel, not far from a 2003 low of $28.36 hit earlier in the session.

“Iran’s return to the oil market has been on the agenda for some time and therefore does not really come as any great surprise,” Commerzbank senior analyst Carsten Fritsch said in a note.

“Nonetheless, prices were bound to react negatively in the short term in view of the negative market sentiment,” Fritsch added.

Analysts expect Iran will realistically be able to export an extra 500,000 bpd in the short term from storage, but there are doubts whether the state of Iranian oil infrastructure will allow further boosts anytime soon.

SEB Markets assumes Iranian oil output will rise by 400,000 bpd to 3.2 million bpd in 2016, while Tehran has said it will add 1 million bpd to its existing output by the year-end.

Iran has at least a dozen Very Large Crude Carrier super-tankers filled and in place to sell into the market.

Bird flu Hits 24 States, Kills 3.3million Birds

According to the latest data obtained from the Department of Veterinary and Disease Control of the Federal Ministry of Agriculture and Rural Development, 96 local government areas have recorded outbreak of bird flu while estimated 2.5 million birds have been depopulated and buried.

Katsina, Adamawa Bayelsa and Ebonyi are the latest states affected by bird flu, bringing the total number of states affected since last year to 24.

Director-General, Poultry Association of Nigeria (PAN) Onallo Akpa told Daily Trust on Monday, January, 18,  that the nation has recorded 556 positive cases noting that 12 live-bird markets across the country are also affected by the current outbreaks.

Akpa stated that as at January 16, the total number of birds that tested positive to the virus is over 2.3 million, adding that 2 million birds have already been depopulated and field activities by veterinary officers across the country was ongoing.

Akpa said PAN has sent out updates on the current state of bird flu to all the states to enable farmers step up bio-security measures in their farms. Daily Trust gathered that in Kano over 80,000 chickens infected with Avian Influenza have been killed as disease spread to 22 additional farms.

IMF Forecasts 3.4% Global Economic Growth in 2016

The International Monetary Fund, IMF,  has forecasted a 3.4 per cent global economic growth for 2016, indicating an increase of 0.3per cent over last year’s growth rate of 3.1per cent.

The World financial body has equally predicted a growth rate of 3.6per cent for 2017, pointing out that the pickup in global activity is projected to be more gradual than its forecast of last October, 2015 World Economic Outlook.

It said these projections are primarily for emerging market and developing economies.

The report, which was released yesterday in London and Washington DC, painted a slightly different outlook for developed economies, saying recovery is expected to be modest and uneven.

“In advanced economies, a modest and uneven recovery is expected to continue, with a gradual further narrowing of output gaps, the IMF said, adding that the picture for emerging market and developing economies is diverse, but in many cases challenging.

It said however, that most countries in sub-Saharan Africa, will see a gradual pickup in growth, saying with lower commodity prices, to rates that are lower than those seen over the past decade, this mainly reflects the continued adjustment to lower commodity prices and higher borrowing costs, which are weighing heavily on some of the region’s largest economies, including Nigeria, Angola and South Africa, as well as a number of smaller commodity exporters.

The IMF also revised downward by 0.2 percentage point overall forecasts for global growth for both 2016 and 2017, stating that these revisions reflect, to a substantial degree, “but not exclusively, a weaker pickup in emerging economies than was forecast in October.

In terms of the country composition, it said, the revisions are largely accounted for by Brazil, where it linked the development to the recession caused by political uncertainty amid continued fallout from the Petrobras investigation, which it pointed out, is proving to be deeper and more protracted than previously expected.

 

BPP Saves N680billion From Transparency in Awarded Contracts

The Bureau of Public Procurement, BPP, has saved N680 billion from following due process in awarding contracts, its Director-General, Emeka Eze, revealed.

The BPP Boss spoke at the annual retreat for Federal Permanent Secretaries, who are accounting officers of Ministries, to improve their understanding of the Federal Procurement System and the appropriate strategies for the implementation of government’s annual budgets.

Eze said at the 2016 procurement retreat held in Lagos with theme: ‘Public Procurement Act, 2007: An Effective Tool for Delivering More for Less’, that the the funds were saved from 2009 till date.

He said beyond the money saved, the opportunity granted ordinary people to bid and win contracts, is even to BPP more rewarding. He said the ordinary people can now bid for contracts and be considered.

“They can now bid and when they feel they have been short changed, they can complain to us and we intervene to restore their own things back. Even beyond the savings, that one is even more important to us that people are now biding for contracts,” he said.

NIPOST Intercepts N84billion Illegal Transfers In 2015

The Nigerian Postal Service, NIPOST, on Monday, January 18, revealed that it intercepted financial instruments worth over N83. 9 billion in foreign currencies meant for illegal transfers from January to December, 2015.

The acting postmaster general of the service, Enoch Ade Ogun  revealed this in his 2016 Pan African post day celebration message, in Abuja.

Ogun, in his remarks,  said the monetary value of the intercepted financial instruments in different foreign currencies 1,112,724. 86 Pounds with the naira equivalent of N314 million; 40, 427, 909.36 Euros with the naira equivalent of N8.68 million; 376, 615, 994. 31 US dollars with the naira equivalent of N74.19 billion and 5, 200.Australian dollars with the equivalent of N713,813. 31.

The NIPOST Boss said that other items intercepted during the year include 848 pieces of fake cheques, 293 pieces of money orders, 147 pieces of postal orders and 30 pieces of international passports in addition to 167. 3 kg of narcotics.

He said: “All the negotiable financial instruments have been deposited with the Economic and Financial Crimes Commission (EFCC) for further scrutiny and action, the narcotics containing heroine, cocaine and cannabis have been deposited with the National Drug Law Enforcement Agency for further laboratory test and for possible arrest and prosecution.”

“The international passports have been deposited with the Nigerian Immigration Service while officers of the Nigerian Customs Service confiscated some parcels with prohibited items.”

Trading Moves Farther South as NSE Index Sheds 4.10%

Nigeria’s equity continued its movement southward  on Monday, January 18, as the Nigerian Stock Exchnage, NSE, All-Share Index plunged by 4.10% compared with a loss of 2.99% recorded last Friday, January 15.

Consequently, the Market Capitalization slid by 4.10% to close at N7.76trn, compared with the depreciation of 2.99% recorded last Friday to close at N8.09trn.

The value of the Index closed at 22,550.83 points, down from 23,514.04 points recorded last Friday. Year-to-date (YTD), the Index depreciated by 21.27%. The losses recorded in the share prices of Lafarge Africa, Guinness, Stanbic IBTC, Nestle and Dangote Cement were mainly responsible for the depreciation in the value of the Index.

The total value of stocks traded on the floors of The NSE today was N1.67bn, down by 72.91% from N6.18bn traded last Friday. The total volume of stocks traded was 196.25mn in 3,248 deals.

The three most actively traded stocks were: UBA (38.31mn), GT Bank (25.26mn) and Zenith Bank (23.25mn). The most actively traded sectors were: Financial Services (162.28mn), Consumer Goods (14.35mn) and Conglomerates (11.18mn).

Naira Gains Ground to N295 Against Dollar at Parallel Market

The naira on Monday, January 18, bounced back after a series of crash in the parallel market, following the Central Bank of Nigeria’s (CBN’s) easing of forex policies.

The local currency climbed to N295 against the dollar from N305 on Friday, January 15 after the apex bank lifted the ban on dollar transfers and allowed dollar deposits into domiciliary accounts.

It has remained stable in the official market, exchanging for N199 to a dollar.

Association of Bureau De Change Operators of Nigeria (ABCON) President Aminu Gwadabe said the naira was exchanging at N291/293 against the dollar in the morning but closed later at N295.

He said although the CBN did not supply dollar to the market, its relaxation of forex restrictions that allowed banks to accept dollar deposits and transfer foreign currency deposits has helped shore up the value of the naira.

Meanwhile, CBN Spokesman, Ibrahim Mu’azu, said the apex bank decided to reverse the policy because its finding shows that currency substitution by customers which made it enforce it in the first place has been tackled.

He said bank customers were before now, converting naira to dollar, and depositing the proceeds with the hope that the dollar will continue to appreciate in both the parallel and official markets.

However, other market sources believe the lifting of the over six-month old dollar transfer ban, followed outcry from local and international stakeholders who insisted that a restriction on such transfers is not only killing businesses but has led to diversion of huge forex to neighboring countries of Ghana, Togo and Cotonu.

 

Transcorp Hotels Lists N10billion Bond on NSE, FMDQ

The hospitality subsidiary of Transnational Corporation of Nigeria Plc, Transcorp Hotels Plc, on Monday, January 18, listed its Series 1 N10billion bond on the Nigerian Stock Exchange (NSE) and FMDQ OTC Securities Exchange.

The company successfully closed its Series 1 & 2 bonds at the last quarter of 2015 and has raised a total of N19.758billion.

Series 1 which is now listed, is a 7-year bond issued at 16.00 per cent fixed rate and maturing in 2022.

With this development, the company’s bonds are now available at the bond markets, and the investing public can trade and derive value from their investments. Such a major accomplishment reiterates the company’s resolve to continuously deliver value to all its stakeholders.

During the event at the NSE, the Managing Director/CEO, of Transcorp Hotels Plc, Valentine Ozigbo, expressed his excitement over the successful completion of the company’s Series 1 & 2 bonds.

He said Series 1 was oversubscribed by 30 per cent, while Series 2 was 98 per cent subscribed, indicating a testimony of undeniable investor confidence to the achievements and leadership of the company.

Ozigbo said: “By successfully raising these funds, we now have sufficient funding for our immediate priority projects, especially the upgrade and expansion of the multi –award winning and iconic Transcorp Hilton, Abuja.”

 

MANUFACTURING JOBS | Field Sales Manager, Waters at Nestle Nigeria Plc

Nestle Nigeria Plc – As the Leading Nutrition Health and Wellness Company, we are committed to enhancing People’s lives, everywhere, every day. Infact enhancing lives will influence everything we do together.

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.

We are recruiting to fill the position of:

Job Title: Field Sales Manager, Water

Job Number: 160000B9
Location: Nigeria
Job: Sales
Schedule: Full-time

Job Descriptions

  • As the Leading Nutrition Health and Wellness Company, we are committed to enhancing People’s lives, everywhere, everyday.
  • This same commitment is what is expected of our Field Sales Manager who will ensure availability, visibility and accessibility of  Nestlé Waters products in all relevant outlets through effective management of the sales force.
  • To succeed in this role you must be an effective team leader, with excellent interpersonal skills , strong drive and passion for business results.

Other Responsibilities

  • Manage Sell Out activities in assigned territory.
  • Establish coverage plan for Distributor in assigned territory.
  • Develop and implement route plan for Sales Force.
  • Manage relationships between retailers, wholesalers, distributors and Nestlé.
  • Manage deployment of POS Materials.

Requirements
What it takes:

  • B.Sc degree or HND in any discipline (Minimum of Second Class Lower or HND Lower Credit).
  • Must have 2 – 3 years’ experience in Field Sales Management in a Fast Moving Consumer Goods (FMCG) environment.
  • Great communications and negotiation skills.
  • Good Computer skills- Ms. Word, Ms. Excel, Ms.  Power Point.
  • Candidate must have a valid driver’s license and must be willing to work in any part of Nigeria.

Application Closing Date
31st January, 2016.

How to Apply
Interested and qualified candidates should APPLY

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