Mayo47's Posts
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Christmas, a season to be merry and cheery, a season where loved ones are reunited appreciating one another. It also happens 8 h be a season that determines if businesses will end up in black or red as most financial year ends of businesses in Nigeria happen to fall under this season. In today’s world, Christmas has been commercialized as most businesses especially retailers find ways to increase their revenue during the holiday by adopting creative marketing strategies surrounding the idea of Christmas season in order to sell their products and services as most consumers tend to buy more during this period. The case isn’t different in Nigeria, as evidence shows that consumer spending goes up during this season. According to trading economics, in 2014, Q4 consumer spending increased to approximately N12.3 trillion from N11.4 trillion. Same applies for 2014, where the consumer spending increased in Q4 to N12.1 trillion from N11.7 trillion in Q3. It is expected that consumer spending for 2016 Q4 will be N9trillion (trading Economics) a 25% decline from previous years spending in Q4, which leaves the question, is Christmas at risk in Nigeria? A direct link to this estimated drop in Christmas spending can be traced to the current economic recession in Nigeria, a slump the nation has not witnessed in the last 25 years. In the build up to the season there has been evidence of “cold pockets” amongst the average Nigerian due to the economic recession. The recession as we all know by now is as a result of the volatile oil price and reduction in oil production. The crude oil exports as seen as above serves as a financier for the country budget and a major provider of foreign exchange earnings. Also, Nigeria’s over-dependence on foreign products and crude oil for exports has seen value of the Naira fall by 85% so far this year making it the worst performing currency in the continent. With the current global price of crude oil, Nigeria has been unable to fully implement the 2016 budget which in turn created a ripple effect that lead to the current recession amongst other factors. The anticipated drop in consumer spending in Q4 as stated by trading economies implies that firms’ most especially small businesses will have cash flow constraints this season. As witnessed during a period of recession, customers demand for products and services and delayed payments will lead to a reduced cash flow. This is a very peculiar case in the business environment in Nigeria this season. Ever since Q1 of 2016, we have seen inflation increase to 18.3%. This has seen prices increase by more than 100% leaving manufacturers with a high cost of production creating a ripple effect that has led to a spiral increase in staff redundancy, as seen unemployment rate at Q4 is currently at 13.3%. Most businesses have been reviewing their corporate strategy towards ensuring business survival: Erisco Foods recently opted to stop operations in Nigeria and move to a conducive business environment in other parts of Africa. The toils of the recession has also affected the stability of most families and individuals. Individuals at this season are rather struggling to find a replacement job or an alternative source of living due to the staff redundancy created by the recession. It has unanimously lead to lifestyle change among the populace due to the drastic fall in the purchasing power of most families caused by stagflation. The average citizen are cutting back on extras, mostly on entertainment and extracurricular expenses. The recent suspension of the new data price regime which was pushed for by NCC (Nigeria Communications Commission) is a welcomed relief among the populace this season considering it would have further increased the living cost. All indicators are pointing towards a quiet Christmas amongst the general populace. With a negative GDP growth, it can be said that the current recession has impacted on almost everyone directly or indirectly regardless of income class. However the will and survival instinct of an average Nigerian, the Christmas will still be celebrated with most people looking towards creating an alternative source of income pending when the Nigerian government along with the CBN implement an economic recovery plan to ensure the nation returns to positive growth. |
Please re-send to careers@indexconsulting.biz |
Index consulting is a professional services firm offering leading edge business research, management, training and technical consulting services to government and business. Over the years, we have established a proven track record of successfully translating innovative thinking into compelling concepts which has put our clients’ way ahead of competition, serving them through a core team of professionals supported by a high quality network of associates in industry, business, and academia with an unmatched combined experience and skill base. To meet the demands of our exciting and expanding business in Nigeria and West Africa, we are looking to recruit a number of young and experienced professionals for the position below: Job Title: Marketing and Sales Consultant Location: Lagos Job Description Are you a highly motivated and enterprising business professional with sound knowledge of, and experience in providing consultation to SME’s?. The ideal candidate will provide: Study company profile and operations to understand its marketing needs Conduct marketing research to identify industry trends and commercial opportunities Develop and implement a marketing strategy according to objectives and budget Prepare detailed proposals and marketing plans Advise on branding, positioning, communications, digital marketing and other marketing issues Give direction to marketing efforts with the most effective methods and tools Liaise with marketing department and external vendors Monitor marketing projects and analyze results Write reports with suggestions for improvements and new ideas Qualifications A 2nd-Upper or a first class Degree in Business, Economics, Engineering An MBA and relevant professional qualification or advanced Degree will be an added advantage) not more than 3 years cognate experience in a well-structured consultancy firm. Not more than 27 years Other additional skills: Excellent project management skills Superior client relationship management and interpersonal skills Excellent communication, writing and presentation skills Excellent leadership and team building skills Enterprising/excellent business development skills. Job Title: Strategy and Operations Consultant Location: Lagos Job Description Are you a highly motivated and enterprising business professional with sound knowledge of, and experience in providing consultation to SME’s? The ideal candidate will: primarily be responsible for planning, organizing and leading portions of an engagement Identifying and resolving issues critical to the clients' strategic and operational success Structuring and solving problems from beginning to end Developing conclusions and recommendations Leading client interviews to understand complex business issues Developing content for client presentations Providing technical/functional content Providing implementation assistance as required Meeting with clients to assure assignment progress Qualifications A 2nd-Upper or a first class Degree in Engineering. An MBA and relevant professional qualification or advanced Degree will be an added advantage) no more than 3 year’s cognate experience in a well-structured consultancy firm. Not more than 27 years Other additional skills: Modeling and numerative skills Excellent project management skills Superior client relationship management and interpersonal skills Excellent communication, writing and presentation skills Excellent leadership and team building skills Enterprising/excellent business development skills. Send CVs to careers@indexconsulting.biz |
They knew through the purpose of payment in the payin Slip. Means they apparently wrote MMM while trying to pay. |
A friend passed the info. Can any GT staff confirm? |
I Drive a DC and fuel consumption is on high side plus my car goes off whenever i open the fuel tank. Responses highly appreciated |
debbie:Só u intend paying 40k weekly. Pls change that to salary |
A lawyer with a Loan recovery experience is needed in a financial institution. Send cv to mayokoncepts@Yahoo.com |
I have a honda accord 2006 DC to swap with a honda civic 2008 or toyota corolla sport 06/07/08. NB: Car has no fault. Compréhensive insurance Call: 09028713971 BBM :7B6E4003
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Political instability can affect you on contract job since its with a government parastatal. |
Looking for an Uber driver that stays around Ilueju, Surulere, Somolu, Yaba & Environs Whatsapp me on : 09071088249 |
Please how can i get a TIN number |
hustla:I guess it should but have never tried running Windows 7 on it. Battery life good |
Still available |
11in inches, 4gb RAM, 128gb HDD 110k Call: 09028713971
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Traecey |
Call us for your events
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debbie eremy davide470 jarus |
I went for an interview in financial service company about 2 weeks ago which i believed the interview went well. I got the interview invite through a staff who advertised on a social media platform and he also happened to be on the panel of interviewers. After the interview, i sent him an email thanking him for the interview opportunity and politely asked if i didnt do too bad. He replied saying "You did good, Congrats". The job was reposted yesterday after i sent him an email about my status. He himself advertised it again, however the vacancy requires more than one person. Would be ok to re-apply?? |
donald1010:How was the interview?? |
Any one heard from skye bank? |
eramate:Yes they are real. |
ciwi:. |
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FunBoothNG Indoor photobooth for all events. Invite us, we'll bring the EXTRA FUN!!! Be goofy Be classy! www.funboothng.com Also, Check FunBoothNG on instagram & Facebook For Enquiries: Call 08089805759, 09028713971
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Data Analyst As a Data Analyst you will be supporting our Data solutions and Market Research team with a good understanding of statistics. You will be responsible for reviewing data we collected from the field and our operations and analyzing them to produce insights, actionable results and reports for us and our clients. Your responsibilities will include: Organize data into reliable, timely and error free items, including charts and presentation graphics. Aggregate, analyze and interpret data: deliver analyses and reports Manage and perform research into data collected and advise us and clients on how to use the information extracted from the data Provide support as needed to other project initiatives Solve complex business challenges utilizing superior analytical and problem-solving skills with strong attention to detail. Skills you should possess: Good written and spoken English skills EXCEL skills - modelling and analytics Solid analytical thinking - asking the right questions and using data correctly to answer them Ability to present data visually - in charts, tables, dashboards, etc Bonus: Experience with Statistical packages (SPSS AND STATA). External mails should be sent to mayokoncepts@yahoo.com Do not hesitate to reply this mail if you require further clarification. |
Data Analyst As a Data Analyst you will be supporting our Data solutions and Market Research team with a good understanding of statistics. You will be responsible for reviewing data we collected from the field and our operations and analyzing them to produce insights, actionable results and reports for us and our clients. Your responsibilities will include: Organize data into reliable, timely and error free items, including charts and presentation graphics. Aggregate, analyze and interpret data: deliver analyses and reports Manage and perform research into data collected and advise us and clients on how to use the information extracted from the data Provide support as needed to other project initiatives Solve complex business challenges utilizing superior analytical and problem-solving skills with strong attention to detail. Skills you should possess: Good written and spoken English skills EXCEL skills - modelling and analytics Solid analytical thinking - asking the right questions and using data correctly to answer them Ability to present data visually - in charts, tables, dashboards, etc Bonus: Experience with Statistical packages (SPSS AND STATA). External mails should be sent to mayokoncepts@yahoo.com Do not hesitate to reply this mail if you require further clarification. |
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Neatly used Honda Accord 2007 Leather seat interior Formica Ac chilling Nothing to fix buy and drive
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