Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Thursday, September 19, 2019

Nokia 7.2 With 48-Megapixel Camera Launched In India

Nokia 7.2 With 48-Megapixel Camera Launched In India

Nokia 7.2 With 48-Megapixel Camera Launched In India
HMD Global on Thursday announced the launch of Nokia 7.2 in India. Set to go on sale on September 23, Nokia 7.2 will be available via and Flipkart at a starting price of Rs 18,599 for the 4GB, 64GB variant.

The top-end model with 6GB RAM and 64GB storage will be available for Rs 19,599.

The smartphone will be available in Charcoal and Cyan Green colour options.

Nokia 7.2: Offers For Online, Retail

Customers purchasing Nokia 7.2 from the company’s official e-store will receive Rs 2,000 gift card.

The offer is available till October 31, 2019. Customers buying the phone from Flipkart will receive an additional Rs 2,000 off on exchange.

Flipkart customers will also be eligible for 5% cashback on buying the phone using HDFC Bank Debit Cards.

During Flipkart’s Big Billion Days sale, Nokia 7.2 buyers will get 7.2% instant discount. The sale starts on September 29.

For retail customers, HMD Global is offering 10% cashback on buying the phone using HDFC Bank Credit and Debit cards on EMI and regular transactions done through Pinelabs terminals.

Customers will also receive 10% cashback on buying the phone through HDFC consumer finance.

Wednesday, September 18, 2019

Chemical Weapons: FG Warns Producers, Marketers

Chemical Weapons: FG Warns Producers, Marketers

The Federal Government has cautioned producers and marketers of chemical weapons against allowing it into the hands of non-state actors.

The Federal Government has cautioned producers and marketers of chemical weapons against allowing it into the hands of non-state actors.

Mr Gabriel Aduda, the Permanent Secretary, Political and Economic Affairs in the Office of the Secretary to the Government of the Federation, gave the warning at a sensitisation workshop in Kano on Tuesday.

The workshop was organised by the federal government to educate major stakeholders in the North west on sound management of chemicals as part of measures to prevent its getting into wrong hands.

Aduda said the workshop was also aimed at promoting awareness and safety, by strengthening the understanding of stakeholders on proper handling of chemical and biological weapons.

Aduda said chemical producers, marketers, transporters and users, as well  as regulatory authorities involved in implementation of the Chemical Weapons Convention (CWC) participated in the workshop.‎

‎"The objective among others, is to raise awareness among relevant national stakeholders and representatives of the chemical industries in the North -West zone on the CWC and its national implementation in relation to the chemical industry.

“Ensure that chemical weapons imported into the country are used for the purposes for which they are meant and government also makes sure that these chemicals do not get into the hands of non-state actors; it ‎will‎ have great repercussions,” he explained.‎

The permanent secretary said similar workshops were held in Lagos and Port harcourt.   ‎

Some of the participants who spoke to source recommeded the federal government for organising the event, which they said had enhance their knowledge on how best to handle chemical weapons.‎

They urged the government to evolve a National Action Plan to guide and regulate the use and threat of chemical weapons in Nigeria.

Friday, September 13, 2019

 Sterling Bank Introduces New Dress Code For Employees

Sterling Bank Introduces New Dress Code For Employees

 Sterling Bank Introduces New Dress Code For Employees

Living up to its reputation as Africa’s most agile company and Nigeria’s most innovative bank, Sterling Bank has empowered its employees in its employment to work in ways that is best for them, which for most, doesn’t involve wearing a suit - dailypost reports

Inventors in the bank work in Technology, Digital Banking and Brand Marketing and Communication offices, while influencers are in business enabling roles which include Human Capital, Service Management, Risk Management, Enterprise Project Management, GIS offices etc.

Commenting on the revolutionary dress code, Chief Human Resources Officer (CHRO) of the bank, Temi Dalley, said it is indicative of Sterling’s dynamic and forward-thinking culture and the great value placed on employees.

According to Temi, enabling the employees, especially those within the technology, creative and innovative spaces, to come to work in a relaxed work mode (business casual) will enhance creativity and innovation. Sterling is an agile company, which in itself is a journey, and our dress code must evolve to match our increasing agility.

We have been in existence for over 50-years though with a startup mindset which explains our leaning towards a relaxed dress code (business casual) which will have a huge impact on productivity, employee morale, and retention across the business.” she disclosed.

The new Sterling dress code allows employees depending on their core functions to wear, wearables like Jeans, chinos, native attire, loafers, sneakers etc.


Sterling Bank introduces relaxed dress code for her employees
Sterling Bank introduces relaxed dress code for her employees
 Sterling Bank Introduces New Dress Code For Employees
 Sterling Bank Introduces New Dress Code For Employees
 Sterling Bank Introduces New Dress Code For Employees
 Sterling Bank Introduces New Dress Code For Employees

Saturday, September 7, 2019

Access Bank Targets 65m Customer Base By 2022

Access Bank Targets 65m Customer Base By 2022

Access Bank Targets 65m Customer Base By 2022

Determined to boost financial inclusion, Access Bank Plc says it is targeting a customer base of 65 million by 2022, through financial digital products.

Mr Chinedu Onuoha, Access Bank Head, Business Development and Planning, gave the figure at the unveiling of ‘Access Money Wallet’, a product introduced to drive financial inclusion in Lagos.
Onuoha said that the bank was targeting a minimum of 65 million customers by 2022 which would be driven through financial solutions.

“We have about 30 to 31 million customers presently, by 2022 we intend that we will have a minimum of 65 million customers, and the effort to drive the figure is through financial solutions like Access Money Wallet,” he said.

Onuoha, who is also Chairman, Association of Licensed Mobile Payment Operators (ALMPO), said “all the statistics shows that a good number of Nigerians don’t still have access to financial services.”
He said that the bank, from time to time, reviewed processes to drive the financial inclusion drive of the Federal Government by ensuring that all Nigerians, especially adults, had access to financial services.

“What we do from time to time is to see what is it we can do or change; and operate differently from the way it is being done today  to induce these Nigerians to financial services and also to bring these services closer to them,” he stated.

Onuoha explained that financial services accessibility was the key issue in ensuring financial inclusion.
Speaking on Access Money Wallet product, he said that the product was designed for customers who had abandoned their accounts because of inability to provide the needed Know Your Customer (KYC).

“Access Money Wallet is a different type of account which we make available to or design for customers who for some reasons do not have all that is needed to provide for KYC for other types of bank account.
“There are some accounts that you want to open they will ask you to bring utility bill and  address, among others.

“But we know the peculiarities of our country Nigeria, some Nigerians are good citizens who work every day to earn a living but don’t have places where you have utility bills and addresses.
“What we have done with Access Money Wallet is to say just come, give us your name, give us your date of birth, give us your gender and your age.

“And once you are an adult and a legitimate citizen we will give that wallet. It’s an account that allows transactions to be done through the mobile phone or also by going through our agents outlets across the country.
“So, that is what we are trying to do with Access Money Wallet to deepen the financial inclusion,” he stated.

According to him, the bank has in the market the highest number of  financial inclusion customers of roughly 18 million customers.
“What we discovered over time is that due to the way the market is operated and due to do some regulations that come from time to time a good number of these customers do not meet some requirements for operating properly the way accounts traditionally were been operated.

“Some of them pulled back and stayed back, our recent campaign is to tell them that we have a solution to it.
“We have roughly about 15 to 18 million customers who are financial inclusion customers, the current campaign is to make them reactivate their accounts,” Onuoha said.

He explained that customers can check their balances, send money to relatives, buy airtime with Access Money Wallet product.

“The daily limit is up to N50,000 in terms of withdrawals and the wallet can hold as much as N300,000,” he added.
On loan lending, Onuoha said that the bank’s conversation with customers would increase once they enrich their KYC.

“As customers enrich their KYC, the bank’s conversation with the customer would increase , and the customer can now start benefiting from our lending products,” he said.
Onuoha said that the bank, in 2018, gave out about N1.5 million loans through digital channels,  and would give out over N3 million loans in 2019.

Thursday, September 5, 2019

Iran: 7 Crew Members Released From Seized British-Flagged Oil Tanker

Iran: 7 Crew Members Released From Seized British-Flagged Oil Tanker

Iran releases 7 crew members from seized British-flagged oil tanker

The release of a Seven crew member on a British-flagged oil tanker that was seized by Iran in July have been made and were heading for a “safe location,” the Sweden-based shipping company that operates the Stena Impero said.

The shipping company’s chief executive, Erik Hanell said this in a statement on Thursday.

They are “now travelling to a safe location where they will be reunited with their families.

They will receive medical checks and a debriefing before being repatriated to their home countries at the earliest opportunity,” Hanell said.

He told dpa that the seven were en route to Dubai, adding that the company would not give out the names of any crew members.

Meanwhile, he had no new information about the possible release of the Stena Impero from an Iranian port of Bandar Abbas.

He added that 16 crew members were remaining on board in line with the so-called Minimum Safe Manning Certificate that is issued by the flag state and sets the minimum number of crew needed to safely operate the vessel.

Last month, Hanell met with Iranian Foreign Minister Mohammad Javad Zarif during the diplomat’s tour of the Nordic region.
China, U.S To Resume High-Level Trade Talks Very Soon

China, U.S To Resume High-Level Trade Talks Very Soon

China, U.S To Resume High-Level Trade Talks In October
China, U.S To Resume High-Level Trade Talks In October

China and the United States agreed to hold high-level trade talks in early October in Washington, China’s commerce ministry said, amid fears that an escalating trade war could trigger a global economic recession.

Asian shares extended gains and US stock futures jumped on the news.

The announcement followed a call earlier in the day between China’s Vice Premier Liu He and US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin, the Ministry of Commerce said in a statement on its website. China’s central bank governor Yi Gang was also on the call.

Both sides agreed that they should work together and take practical actions to create good conditions for consultations,” the ministry said.

Trade teams from the two countries will hold talks in mid-September before the high-level talks next month, the ministry said. Both sides agreed to take actions to create favorable conditions, it said.

A spokesman for the US Trade Representative’s office confirmed that Lighthizer and Mnuchin spoke with Liu and said they agreed to hold ministerial-level trade talks in Washington “in the coming weeks”.

Washington began imposing 15 percent tariffs on an array of Chinese imports on Sunday, while China began placing new duties on US crude oil. That prompted China to lodge a complaint against the United States at the World Trade Organization.

The US plans to increase the tariff rate to 30 percent from the 25 percent duty already in place on US$250 billion worth of Chinese imports from Oct. 1.

US President Donald Trump warned on Tuesday he would be tougher on Beijing in a second term if trade talks dragged on, compounding market fears that ongoing trade disputes between the US and China could trigger a US recession.

Chinese leaders will have a packed schedule next month, gearing up for National Day celebrations scheduled for Oct. 1.

They will also hold a key meeting in October to discuss improving governance and “perfecting” the country’s socialist system, state media has said, more than a year after the last was held.


Wednesday, August 21, 2019

Shipping Lines Accused Of Flooding Nigerian With Expired Containers

Shipping Lines Accused Of Flooding Nigerian With Expired Containers

The intractable challenges associated with the evacuation of empty containers from the Lagos ports has taken a different dimension following a widespread allegation by importers, clearing agents, freight forwarders and logistics providers that Nigeria has become dump ground for expired containers.
Shipping Lines Accused Of Flooding Nigerian With Expired Containers

While stakeholders contend that containers have a maximum of 20 years lifespan, they accused Maerskline, China Shipping, Cosco, Nedlloyd, CMA CMG and others of not only using Nigeria as a dump ground for these expired boxes but equally making brisk business out of it through the demand for the payment of container deposit on every container of import.

This is even as some stakeholders further alleged that the foreign shipping lines found it convenient to concentrate the alleged expired containers to Nigeria since they are not allowed to ply expired ones in their home countries and the developed nations including some Indo-China countries; whose governments have efficient control system against unacceptable standards.

Reacting, chief executive officer of Skellas Nigeria Limited and immediate past national president of the Association of Nigeria Licensed Customs Agents, ANLCA, Prince Olayiwola Shittu said the Nigerian Shippers’ Council has the responsibility for standard container oversight.

According to him, “The Nigerian Shippers’ Council has the responsibility of monitoring and ensuring that only acceptable standard containers are used in bringing goods to our ports. Even Nigerian highways are littered with so much abandoned containers. The shipping companies compensate themselves with container deposits when the value of some of those containers is not even up to the sum of the deposit.

“I won’t be surprised that Nigeria has become a dumping ground for expired containers. Containers are valuable for cargo distribution, the routine is to use them around the world for 20 years in most cases and be disposed of properly. Surprisingly you can apply to the container agent that you want to buy a container and they give you invoice, so it’s the media that should investigate and let Nigerians know what is happening because the local agent selling is the representative of the liners.

“So are they trying to recycle the containers? But what would be the motive for dumping containers, and when you juxtapose that too many shipwrecks abandoned by their owners at our waterways, most of the shipwrecks are foreign-owned, you begin to worry. They are economically valuable; the steels can be processed into other economic uses. So the issue is rather complicated.”

Also speaking on the matter, erudite customs agent and business tycoon, Chief Ernest Elochukwu said the issue is hydra-headed and blamed the Nigerian authority for exhibiting relatively little control measures that may have resulted in the present fears and allegations.

His words: “I cannot confirm off-hand the veracity of that information. But then judging from what has been going on for a long time now, it is possible that because of the problems of returning the empties that there might have been some kind of compromise on the quality of containers they use in bringing goods here.

“The empties are supposed to be returned to ports of shipment, so when the empties are not promptly returned there are bound to be a breach in the system and could result in the situation we are said to be in right now. As a country we should be asking ourselves a lot of questions, first, why did we fail to plan for the future expansion of our premier ports, talking about Apapa and Tin Can, which attracts almost our entire import.

“Some of the problems surfacing must be traced back to lack of foresight and proper planning by government and its agencies. For some time there has been blaming trading between operators and government agencies, this has no room if the respective authorities have been up and doing.”

Ship agent, importer and industrialist, Chief James Idornigie said there is no need for worry if the containers can deliver goods safely and without question of quality crisis. He said: “It is still a rumour, nothing official has been said about it. I know that some of the containers are also leased by shipping companies who monitor the movement of these containers wherever they are. Lloyd Insurance also takes interest in container leasing, they also aware of containers movement and are monitoring.”

“I don’t know how the expiration of containers concerns Nigeria if the liner is able to deliver our goods. If the condition of a container affects the quality of imported goods, yes, we can make a case.”

Contributing, President of National Association of Govt. Approved Freight Forwarders, NAGAFF, Chief Uche Increase said the lifespan of a container is not in dispute in Nigeria and urged the relevant authorities to do the needful to ensure that shipping lines adhere to the rules of engagement.

Tuesday, August 20, 2019

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Mr Simbi Wabote, says that the number of expatriates working in the Nigerian oil and gas sector has been reduced by 80 per cent.
Expatriates in oil, gas sector reduced by 80% – Wabote

Wabote disclosed this on Monday in Abuja at the NCDMB’s third quarter engagement with the media, which focused on the major achievements of the board.

From 2010 till date, the board has reduced the number of expatriates in the Nigerian petroleum industry by 80 per cent.

“ Nigerians now occupy key positions and deliver critical services in the industry,’’ he said.

The executive secretary said that before the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, oil welding activities were done outside Nigeria because of lack of world-class welding facilities.

Today, we are fabricating about 60,000 metric tonnes per annum in Nigeria, which never existed before.

“We have about five world-class welding yards as we speak today. These welding facilities can compete with any of their peers outside the country.

“Today, 95 per cent of service companies in the oil and gas sector, be it onshore and swamp drilling activities, well intervention facilities, well simulation activities and others, are being done by Nigerians.

“These used to be the exclusive preserve of multinational companies like Schlumberger, Haliburton and others; but Nigerians have taken all those responsibilities in the land and swamp areas, especially in the area of drilling,’’ he said.

On the operations of the upstream sector, Wabote noted that in the past, it was the multinationals that were operating all the existing fields.

He, however, said that Nigerians were now operating those fields which accounted for between 25 percent and 30 percent of oil production in the country, aside domestic gas production.

The executive secretary also said that margin fields were currently being produced by Nigerian companies, adding molecules to oil production.

Wednesday, August 7, 2019

Nigeria, US To Mobilise $300m For Agribusiness

Nigeria, US To Mobilise $300m For Agribusiness

Nigeria, US to mobilise $300m for agribusiness
Represented by Andrew Kwasari, Senior Policy Adviser in the Office of the Vice President, Osinbajo noted that “the synergy between the US, the Federal Government and the states is a way for the future.”

The USAID Contractor of the FTF Nigeria Agribusiness Investment Activity, Adam Saffer, explained that Nigeria had tremendous opportunity to take advantage of the arable land in the country, abundant water, human resources, fertile soil and many other things that should make Nigeria not only self-sufficient but also the food basket of the region.

He said, “FTF Activity in order to help Nigeria reach the target is working with financial institutions, investors, agro data, processors and other businesses and producers to create a more enabling environment to attract those finances and investors.”

“With a more efficient agribusiness sector, food generation, better income and more inclusiveness of women and youth, we can end up with a better quality food at a lower price.  Our activity is trying to activate $300m from the investors, from the banks and from the finance institutions to make this happen.”

US Ambassador to Nigeria, Stuart Symington, said the US government would work with  Nigeria to improve the ease of doing business in the agriculture sector, mitigate the risks to lending institutions and promote investment opportunities for agribusiness to expand and scale up their operations.

Kebbi State Governor, Atiku Bagudu, told reporters that Kebbi was doing a number of things to key into the programme to unlock the agricultural potential of the state.

“In the last five years, we have recorded significant improvement in yields in many commodities particularly rice where we have seen yields increasing from as little as one tonne per hectare to an average of five to six tonnes per hectare. We have similar increases in other crops like soya beans and millet,” he said.

Also speaking, Cross River State Governor, Ben Ayade, called on the US to assist Nigeria with the requisite technology to tackle some of the challenges associated with food production and preservation in the country.

The $15.7m Agribusiness Investment Programme aimed to facilitate the growth of existing private sector agribusinesses and work with producer organisations in the rice, maize, soybean, aquaculture, and cowpea value chains to increase Nigeria’s food security status and foster job creation opportunities.

Kaduna, Niger, Kebbi, Benue, Delta, Ebonyi and Cross River States are targeted under the initiative.

Thursday, July 25, 2019

National Security: FG Should Procure Additional Satellite – NISE

National Security: FG Should Procure Additional Satellite – NISE

The Nigerian Institute of Space Engineers (NISE) has called on the Federal Government to provide more earth observation satellites to aid national security and socio-economic development.
National Security: FG Should Procure Additional Satellite – NISE

Dr Sadiq Umar, the National Chairman of NISE made the call on Thursday in Abuja at the institute’s Third Annual Lecture held in honour of Brig.-Gen. Michael Agu (Rtd), the pioneer chairman of NISE.

FreshReporters News understood that the lecture focuses on “Remote Sensing Technology and National Security’’.

Umar said the President Muhammadu Buhari led administration is making progress securing lives and properties, but more could be achieved if the country leverage on satellite technology.

He said the available earth observation satellites were not sufficient in providing data for national security and economic development.

“For Nigeria to be where it needs to be, we need to have more satellites providing data that will help government address our security problems.

“Nigeria Sat 1 was designed and built in Surrey, South-East England in 2003 and the lifespan of a satellite is eight years maximum, therefore, we should be thinking of having its replacement.

“Till date, we don’t have a replacement for Sat 1, meaning that the satellite cannot provide data.

“The country should recognise the importance of space application, space technology which is important in boosting the economy in the areas of security, productivity, food security, among other issues.

“Currently, we only have Nigeria Sat 2 and Nigeria Sat X that can give data,” Umar said.

He said other satellites owned by the country were for communication and provision of bandwidth data, but not remote sensing data.

The NISE chairman said the institute and the Nigerian Society of Engineers (NSE) are working with the Federal Government to replace the almost outlived satellites before their expiration.

Mr Adekunle Mokuolu, President NSE recalled that President Muhammadu Buhari in his second term inaugural speech had said that “with good leadership Nigerians could be lifted from poverty’’.

Mokuolu urged the government to leverage on space satellite technology to achieve the goal adding that the country has the human capacity and expertise to develop the industry.

Prof. Joseph Akinyede, the Director Space Application Centre, Ile-Ife, who delivered a lecture at the event said Nigeria is facing security threat which could be addressed with advance technology. .

The director said that remote sensing has the capacity to address security threats, food insecurity, flood disaster, pipeline vandalism, others, if properly harnessed.

“The military also need remote sensing using satellite technology to fight the modern warfare and defend our porous territories.

“We can use satellite technology to map the pattern of groups, individuals that are threats to the nation and address them accordingly,’’ he said.

Dr Halilu Shaba,the Acting Director-General of the National Space Research and Development Agency (NASRDA) said the agency would work with relevant stakeholders to ensure national security.