Showing posts with label ECONOMY. Show all posts
Showing posts with label ECONOMY. Show all posts

Monday, 25 October 2021

Buhari don bring E-naira come outside.


                                     

We hear say President of Nigeria don bring e-naira come outside. Some of the people wey dey when him show this new money to the public na Vice President, Yemi Osibanjo; Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele; Attorney General of the Federation, Abubakar Malami; and plenty other people wey dey important.

The people wey design this currency na Fintech operators, and some orther people wey dey do money business.

This E-money for don come out since October 1 but them come shift am because of Independence Day.

Tuesday, 6 July 2021

presence of mobile money shops: the rise of debit card fraud


The presence of mobile money shops or PoS agents on almost every Nigerian street has greatly contributed to the rise of debit card fraud, particularly in the past five years. Although this is not to say that mobile money shops in Nigeria are set up with the intent to steal from those who patronize them. However, there have been numerous reports about how mobile money shop agents/salespersons connive with street boys supposedly “Yahoo! boys” in sweeping clean, the bank accounts of customers who used their services, particularly those who made withdrawals. There have been reports that shop agents who sit behind desks are prone to engage in this illicit deal with fraudsters in exchange for some percentage.
In order for them to complete their fraud, all they need are your card details which consist of your 16 digit card number, your card validity details and Security (Card Verification Value) number. To get this in seconds, PoS agents have been reported to capture customers card details with their camera phones in less than 5 seconds while trying to help them initiate their original transaction then perpetrate their evil act immediately after the customers have left or most times, in the dead of the night when their victims are fast asleep and unaware of what was happening or about to. The latter is often executed by cybercriminals with sound knowledge of websites that do not require OTP to make purchases after which proceeds from the transaction will be shared based on the agreed percentage.

Thursday, 24 June 2021

Atleast1.1m Persons Likely To Die From North-East Nigeria Crisis – UNDP



The United Nations Development Programme (UNDP) has projected that over 1.1 million persons are likely to die from the crisis in the North-East region of Nigeria.

This was contained in a report by the UNDP on the impact of the insurgency in the region presented in a virtual meeting by the country director, Mohammed Yahaya on Thursday in Abuja.

According to Yahaya, at least 35,000 people have so far been killed directly by the insurgents, with 350,000 said to have died indirectly as a result of the crisis.

On the socioeconomic impact of the crisis on the northeast states, he says $27.8 billion have been lost in GDP, plunging at least 1.4 million people into poverty.

The report further showed at least 1.8 million children in the northeast are not enrolled in schools as a result of the conflict.

Monday, 25 June 2018

American Airlines Looks to Downsize

Image result for American airline

American probably does have too many executives for an airline of its size. And considering the stock is down, this is probably not a bad time to cull the ranks. If everything goes well, passengers will probably not notice any changes.

Nearly five years after closing its merger with US Airways, American Airlines plans to trim its corporate bureaucracy.

In a message Tuesday to employees, American CEO Doug Parker and President Robert Isom said the company has more executives than required since it has completed most of the difficult work of integrating the two airlines.

They said most cuts will come through job elimination and attrition, but noted some executives may lose their jobs. They also said executives who have been with American at least two years and leave voluntarily will be eligible for severance.

Tuesday, 27 February 2018

Faith Abiodun on Future Africa



In the midst of a really busy schedule last week, I popped into Nairobi to speak at the British Council's Our Future Africa forum. I spoke on a panel analysing current trends that could threaten the continent's long-term stability. Among other things, I was clear that three things will unlock Africa's beautiful future:

1. Building institutions of governance that will enable credible leadership to emerge from within the youth. In an era of rapidly declining trust in public institutions, I believe that we must rebuild those same institutions and establish structures that enable accountability.

2. Empowering a true African middle class by deliberate investment in futuristic education that will drive entrepreneurship and employability. The fastest way to grow the middle class is to enable rapid integration of the unemployed into the work force by all means.

Wednesday, 18 January 2017

10 Jobs in Nigeria that do not require university education

We have compiled a list of 9 amazing career opportunities that don’t require a university degree.
You can work without going to a university.
For some people, going to school is not a criteria to make money. you only need to look inwards and discover your talents and abilities.
There are still several occupations in the job market that provide a great income, a positive work-life balance and a high level of satisfaction that also don’t require you to follow the typical road towards a four-year degree 
 In Nigeria, while you might not need a degree to get a job, you would eventually need it for career progression.
However, for a good number of these jobs, you will have to register and get certifications from several certified training and courses aligned with your career.

In this article, we will discuss 9 jobs that you can pursue without a degree.
We will help you understand the job descriptions, job requirements, as well as provide the average annual salary for each of the jobs listed below. lets help you find the career that is right for you and can be started within a short time-frame.

1. PHOTOGRAPHER/PHOTO EDITOR
Maximum annual salary: N4 million
Image result for photo editor
While a Bachelor of Arts in Photography would look good on your CV, there are several more options to build a career in photography as well as for advancement.
Courses on Photography would include art, business, marketing and other courses to round out one’s education.

Tuesday, 29 November 2016

Scientists: Cockroach milk is very rich in protein, fat and sugar


 Do you know that a creature that can disgust people at a mere glance, could one day provide the ideal superfood for the masses: Cockroach milk, according to a new discovery.


New research published by scientists in the journal from the International Union of Crystallography (IUCrJ) found that the “milk” from a species of lactating cockroaches is remarkably rich in some essential nutrients humans need in their food.

The Pacific beetle cockroach (aka Diploptera punctata) is the only cockroach species known to give birth to live bug babies instead of laying eggs. According to the research, this

Thursday, 12 May 2016

President Buhari announces fresh measures to advance war against corruptio



President Buhari in London today pledged that in furtherance of his administration's ongoing war against corruption, Nigeria will soon begin the full implementation of the principles of the Open Contracting Data Standard. 

In Nigeria's country statement to the Anti-Corruption Summit hosted by Prime Minister David Cameron of Britain, President Buhari said that the Federal Government will apply the Open Contracting Data Standard to major projects in the oil, transportation, power, health, education and other sectors.

Wednesday, 20 January 2016

Nigerian Air Force opens application for recruitment


Image result for Nigerian Air Force opens application for recruitment
The Nigerian Air Force has announcement the commencement of recruitment of Airmen and Airwomen.
The Service in a statement signed by Air Vice Marshal C. N. Chukwu on behalf of the Chief of Air Staff, Air Marshal Sadique Abubakar, gave the details of the procedures for applying.
The statement by Chukwu reads in full:
APPLICATION FOR NIGERIAN AIRFORCE AIRMEN/AIRWOMEN RECRUITMENT EXERCISE (BMTC 2016).

GUIDELINES

Tuesday, 23 December 2014

3 Money Mistakes You Must Fix to Get Rich

Don’t spend too much. Mostly save. Always invest.
Seems simple enough, right? Yet so many people do the exact opposite -- invest poorly, spend way too much, save almost nothing, and remain willfully ignorant about their finances.

Why? Because they don’t understand their relationship to money.
The first step in changing money habits is taking a cold hard look at your financial input and output. Here’s what you need to do: boil your money matters down to one simple number by adding up all your earnings and subtracting all your expenditures over three months. I call this your 90-day number.

Once you write that 90-day number down you’ll be faced with one of two truths.
1. Your number is positive. Congratulations, you’re one of the few people taking in more money than you spend!
2. Your number is in the negatives, and like the majority of men and women, you spend more than you make.

The good news is that no matter what your 90-day number teaches you about your relationship with money, there’s always room to improve. I’m going to help you do exactly that by pointing out 3 money mistakes everybody makes at some point in their lives, and teaching you how to fix them.

Monday, 22 December 2014

Customer Slams Unity Bank With N100bn Libel Suit

Unity Bank Plc has been dragged before a Federal Capital Territory (FCT) High Court by an internationally acclaimed reputable building and civil engineering construction company, Bulet International (Nig) Ltd, over a N100 billion alleged libel suit.
The first plaintiff is Bulet International (Nig) Ltd while the second plaintiff is its chief executive, former minister of water resources and former president of the Newspaper Proprietors Association of Nigeria, Alhaji Ismaila Isa.
Trouble started in 2013 when Unity Bank commenced debt recovery actions against Bulet at the FCT High Court and the case was dismissed on February 24, 2014, for lack of reasonable cause of action by the court.

Wednesday, 17 December 2014

2015 budget: Nigeria’s economy remains strong — Okogu

The Director-General, Budget Office of the Federation, Dr Bright Okogu, on Wednesday in Abuja said that the Nigerian economy was still strong in spite of global economic uncertainties.
Okogu made the statement while making a public presentation on the proposed budget for 2015.
He said that while monitoring the recent uncertainties in the global economy of the country, it was noted that certain sectors in the economy were still growing in spite of the recent oil price shock.
 ”Our economic indicators have shown that our domestic economy remains relatively strong".
 “Growth continues to be driven by the non-oil sector, contributing about 68 per cent prior to re-basing and about 86 per cent thereafter.
 “We still have greater room to borrow if we want to since statistics show that our debt to GDP has dropped from 19 per cent to 12.8 per cent.

Saturday, 15 November 2014

JOB ALERT: FG Begins National Job Survey to create more eployment


The federal government has instituted a national job survey targeted at ascertaining the number of skilled and unskilled vacancies in all sectors of the economy.
Minister of Industry, Trade and Investment, Dr Olusegun Aganga who gave the hint noted that the survey which is in collaboration with United Nations Industrial Development Organization (UNIDO) will assist greatly in giving accurate statistics of the number of skilled workers that would be needed in all the various sectors in the next 10 years.