Business and Economy

Ogun Job Portal: Applicants Lament Inaccessibility of Portal

Barely 24 hours after the official launch of Ogun State job portal, an initiative of the state governor, Prince (Dr) Dapo Abiodun to provide jobs for unemployed citizens and residents of the state in an elaborate ceremony held yesterday Thursday 15th August, 2019 at the June 12 Cultural Centre, Abeokuta, Ogun State.  Thousands of job applicants have made their dissatisfaction known on social media platforms over their inability to access the newly launched job portal by the state government. [READ ALSO] Ogun Govt Launches Official Job Portal, As Osinbajo Promises FG Partnership Hon. Shotunde Lanre, one of the visitor to the job portal, confidently said he has lost hope in the [Read]

Ogun Job Portal: Osinbajo Urges Youths To Embrace Agriculture, Technology

ABEOKUTA – Nigerian youths have been called upon to take advantage of opportunities that exist in the agricultural and technological sectors to engage themselves positively and be self-reliant. The Vice President of Nigeria, Prof. Yemi Osinbajo who made the call at the unveiling of the State’s job portal, at the June 12 Cultural Centre, Kuto, Abeokuta, said many opportunities exist in technology, agriculture and its value chain, which should be explored by the youths.  Osinbajo, noted that the country was blessed with competent and creative young men and women, saying the Federal and State governments were working towards engaging more youths on useful ventures, as another 500,000 unemployed would be [Read]

Ogun Govt Launches Official Job Portal, As Osinbajo Promises FG Partnership

ABEOKUTA- The Ogun state government has offered automatic employment to 20 residents of the state. The Governor of the state, Dapo Abiodun publicly offered the 20 newly employed civil servants automatic jobs to mark the commencement of the launch of the official job portal. The newly employed civil servants who were between 25 to 35 years were selected after emerging the top 20 to win an ‘interview game’ played at the launching which was held in Cultural centre, Kuto, Abeokuta. Abiodun explained that the portal will be a platform that would provide readily available information to graduates and people with vocational skills so as to match them with potential employers [Read]

Ogun Govt Set To Establish Dry Port To Improve Agriculture

ABEOKUTA – The Ogun State government has announced that, a dry port that would encourage the processing of agricultural products for export, would be established around Itori in Ewekoro Local Government Area of Ogun State. The State Governor, Prince Dapo Abiodun disclosed this when a team from African Development Bank, led by the Senior Special Adviser to the President, Prof. Oyebanjo Oyelaran- Oyeyi Nka, paid him a courtesy call on Abeokuta. Governor Abiodun said the establishment of the dry port would complement the airport currently under construction, as it would handle agriculture and related products. He said agriculture remained one of the sector his administration would focus on, as it [Read]

Emefiele Takes Oath Of Office To begin Second Term As CBN Governor

  Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele Monday commenced his second term in the position. This followed the confirmation of his re-appointment as Governor by the Senate on May 16, 2019. Emefiele formally assumed duty after subscribing to the relevant Oath of Office administered by the Bank’s Secretary and Director, Corporate Secretariat Department, Mrs. Alice Karau. Emefiele, who was received into the Bank by the four Deputy Governors, was visibly elated by the turnout of excited staff that thronged the venue of the oath-taking ceremony chanting his name. In his remarks after the oath-taking ceremony, the Governor expressed gratitude to God; President Muhammadu Buhari, for nominating [Read]

Organizers Roll Out Plans for ‘My Grand Event’ Season 3, Set Big Targets [READ MORE]

John Izabi,  ABEOKUTA – The third edition of “My Grand Event” which is an annual exhibition platform birthed out of desire to avail event planners, vendors, and other creative manufacturers the opportunity to interact and build a lasting customers relations, Organizers have revealed.  According to them, the event will majorly feature exhibition of products and services with a view to bringing unique and creative ideas into limelight and creating an atmosphere for creativity to thrive. NEWS FLAKES NG gathers that it is scheduled to come up between July 13 and July 14 later this year, while the elephant exhibition will be staged in some popular markets such as Sagamu, Sango, [Read]

BOOM! “Don’t Look For White Collar Jobs, Embrace Carpentry, Plumbing – Ngige Tells Nigerians

  Minister of Labour and Employment, Chris Ngige, has advised Nigerians to carpentry, plumbing, and not focus only on white collar jobs. Ngige believes Nigeria’s high unemployment rate can be greatly reduced if more Nigerians embrace blue collar jobs that are largely neglected. He made this known during an interview on Channels TV’s Sunrise Daily on Wednesday, April 24, 2019. The Minister noted that the Federal Government has an established vocational skills policy, but that Nigerians think blue collar jobs are beneath their status. He said; “It (unemployment) was an issue and that was why we did an advocacy and told people not to look at only the white collar [Read]

Buhari signs new N30,000 minimum wage bill

President Muhammadu Buhari has signed the new minimum wage bill. The bill, which has now become a law, will usher in a new pay structure for Nigerian workers. The National Assembly had passed the bill approving N30,000 as the minimum wage for workers. State governors had opposed the N30,000 minimum wage with many of them saying they will be unable to pay their workers N30,000 minimum wage. [READ ALSO] REVEALED! Bearded men carry ‘more germs than dogs’ — Study [READ MORE] Mr Buhari’s aide on National Assembly Matters (Senate), Ita Enang, told journalists that the president has signed the minimum wage bill into law. Mr Enang, who briefed State House correspondents [Read]

Fuel May Start Selling Above N145 Per Litre Soon, Marketers Warn

The Independent Petroleum Marketers Association of Nigeria has urged the Federal Government and the Nigerian National Petroleum Corporation to ensure that private depot owners maintain the official ex-depot price of Premium Motor Spirit (petrol) at N133.28 per litre. The Chairman, IPMAN, Ore Depot, Mr Shina Amoo, who said this in an interview with our source’s correspondent in Lagos on Monday, stated that independent marketers might soon start selling beyond N145 per litre if depot owners continued to sell between N136.50 and N137 per litre. NEWS FLAKES NG further gathered that Amoo urged the NNPC to prevail on depot owners not to sell beyond the official ex-depot price in order to [Read]

FG may increase VAT to fund new N30,000 minimum wage [READ MORE]

The Minister of Budget and National Planning, Udoma Udo Udoma, has revealed that the Federal Government may have to increase Value Added Tax (VAT) to fund the new N30,000 minimum wage. During plenary on Tuesday, March 19, 2019, the Senate approved the N30,000 minimum wage which will increase the minimum wage from N18,000. While addressing the Senate Committee on Finance for an interactive session over the 2019-2021 Medium Term Expenditure Framework and Fiscal Strategy Paper, MTEF/ FSP on Tuesday, Udoma said many changes will have to be made to afford the new wage structure. “The current minimum wage of N18,000 is really too low. It is difficult for workers to [Read]

TraderMoni: Osinbajo Suspends Scheme Nationwide [READ MORE]

Vice-President Yemi Osinbajo has halted his visits to markets nationwide to promote the Trader Moni scheme, The PUNCH has learnt. Osinbajo, it was learnt, has not toured any state to promote Trader Moni in the last one month. However, checks by our source showed that the programme was still on. NEWS FLAKES NG gathers that Trader Moni is an initiative of the Federal Government, through Bank of Industry and Government Enterprise and Empowerment Programme. The programme is part of the Federal Government social intervention aimed at funding micro business in the country through soft loans beginning from N10, 000. The programme was launched in August while the Vice-President began his [Read]

BUSINESS: Access, Diamond banks finalise merger [READ MORE]

The Management of Access and Diamond banks have completed their much anticipated merger arrangement, NEWS FLAKES NG can authoritatively report.  The shareholders who voted in support of the merger pulled 97.89 percent or 14,298,393,943 units of shares, while those against stood at 2.11 percent or 307,122,041 units shares. Mr Herbert Wigwe, Access Bank Chief Executive Officer, told the shareholders at the EGM that the merger with Diamond Bank enables Access Bank to acquire a bank with 17 million retail customers and the most viable mobile payment platform. He said that the expected revenue and cost synergies were material and promises significant long term value. Wigwe explained further that the bank, [Read]

Election postponement: Event planner loses N1million to rental service in Ogun [READ MORE]

  Nigerians have begun to recount their losses accrued to the postponement of the 2019 elections earlier scheduled for Saturday, 16 of February. Barely six hours to the commencement of presidential and national assembly election, the chairman of the Independent National Electoral Commission, INEC, Prof. Mahmood Yakubu postponed the election at exactly 2:50 am on Saturday morning blaming the postponement on logistics. A lot of weddings, seminars, workshops and other programmes were affected due to the new development. Speaking with our source, Bunmi Mustapha, the coordinator of Global events and parties in Abeokuta, lamented the lost she and her clients will incur with the new date of the election. In [Read]

Akwa-Ibom Govt Launches Ibom-Air, Takes delivery of Two Aircraft [READ MORE]

  To launch its flights, the Ibom Airlines, Akwa Ibom State government yesterday took delivery of two aircraft. Governor Udom Emmanuel who was excited about the development said the airline was a monumental achievement in the state. He said the aircraft; C-FWNK was just six years old with a sitting capacity of about 90 persons and constitutes the newest and modern fleet of the Canadian Airbus. He added that the only state which currently runs a state-owned airport and runs an airline is Akwa-Ibom, adding that the government is running Ibom Air as a business. He said that Ibom airline will operate routes that would give preference to Akwa Ibom [Read]

Polls Shift: Nigerian Businesses To Suffer N2.737trillion loss – Experts [READ MORE]

– Experts say the decision of INEC to postpone the presidential and National Assembly elections will cost Nigerian businesses huge financial loss – The experts say the postponement will cost businesses in the country about $7.605 billion (N2.737 trillion) – The amount is about two per cent of the country’s Gross Domestic Product (GDP), which is approximately $427 billion Financial experts say the decision of the Independent National Electoral Commission (INEC) to postpone the presidential and National Assembly elections will cost Nigerian businesses huge financial loss. The experts who spoke to ThisDay, say the postponement will cost businesses in the country about $7.605 billion (N2.737 trillion), amounting to about two [Read]