₦airaland Forum

The recent announcement by Titan Trust Bank Limited and Ocean and Oil Development Partners Limited (OODP) to acquire all the shares of minority shareholders in Union Bank Plc and Oando Plc respectively has been met with dissatisfaction by some minority shareholders. The shareholders have expressed their discontent with the exit price offered by the majority shareholders, which they feel is unacceptable.

In response to this development, the President of .......

https://ratecaptain.com/shareholders-cry-foul-over-union-bank-and-oando-plcs-buyout-scheme/

Innovation is the key to success in the ever-evolving business world. Keeping an eye on emerging industries is essential to staying ahead of the curve and ensuring that your company remains competitive. With new technologies, products, and services being developed at a rapid pace, it can be difficult for businesses to keep up with all of the changes taking place. However, by focusing on certain innovative industries that are expected to experience growth in coming years can help companies stay ahead of their competition and ensure long-term success. Here are the top six innovative industries to watch in the next five years.......

https://ratecaptain.com/top-6-innovative-industries-to-watch-in-the-next-5-years/

Nigerian Agip Exploration Limited, on behalf of the NNPC & NAE PSC is committed to the training and development of manpower as part of its Corporate Social Responsibility (CSR) programme.

In pursuance of this, NAE invites applications from suitably qualified and interested Nigerian graduates for:

Title: 2023 / 2024 Postgraduate Scholarship Award Scheme

Description

In pursuance of this NAE invites applications from suitably qualified and interested Nigerian graduates for the 2023/2024 Post Graduate Scholarship Award Scheme.
The award is in two categories;
Overseas – For study in a reputable overseas university
Local – For study in a recognized Nigerian university
Eligibility
To qualify, applicants must:

Possess a minimum of Second Class Upper Bachelor’s Degree from a recognized Nigerian University
Must have secured admission into a Nigerian or Overseas
University (based on the category being applied for) for a one year
Master’s Degree program in any of the disciplines listed below.
Not above 25 years of age by December 2025
Have completed the one-year National Youth Service Corp OWSC) programme
Possess an international passport valid for travel at least one year from September 2025 (applicable to overseas category Course of Study
Course of Study
Only candidates with an offer of admission in disciplines related to the following areas should apply

Geosciences,
Engineering (Petroleum, Mechanical, Civil, SubSea, Electrical / Electronics Marine Chemical)
Petroleum Economics
Law (Oil and Gas / Petroleum).
Application Closing Date
31st May, 2023.

Method of Application
Interested and qualified candidates should apply using the link below.......

https://ratecaptain.com/nigerian-agip-exploration-limited-announce-post-graduate-scholarship-award-2023-2024-session/

Have any body gone?

I received this message but am not going... I checked the address on Google map... it's a marker place

Saudi Arabia’s business world is set to experience a massive boost, as it has been announced that football superstars Cristiano Ronaldo and Lionel Messi will be playing in the league. This has caused a wave of excitement throughout the Kingdom and beyond, with many predicting that it will help elevate the league’s status and draw in more attention from football fans globally.

According to reports, Messi will be signing a massive contract worth £522 million at Saudi side Al-Hilal, despite reported concerns from his wife Antonella Roccuzzo. Meanwhile, Ronaldo will continue to play for Al-Hilal’s rivals, Al-Nassr. The arrival of two of the world’s most celebrated footballers in Saudi Arabia is seen as a massive step towards......

https://ratecaptain.com/?p=22379

The Central Bank of Nigeria (CBN) has banned representative offices of foreign banks from engaging in banking business in the country. This directive was contained in the Guidelines for the regulation of representative offices of foreign banks in Nigeria issued by the apex bank. The CBN also barred the representative offices from any regulated activity and from commercial or trading activities resulting in the issuance of invoices for services rendered.

According to the CBN, an approved representative office of a foreign bank in Nigeria is a liaison......

https://ratecaptain.com/?p=22355

New York City Mayor Eric Adams is set to visit Nigeria for a two-day tour of the country. This was revealed by the Consul-General of Nigeria in New York, Ambassador Lot Egopija, who disclosed that the mayor would be attending the Nigeria Governors’ Forum meeting in Abuja during his visit.

The trip is part of the mayor’s tour of Africa and is aimed at promoting cultural and commercial ties between New York and Nigeria. One of the key objectives of the visit is to establish..........

https://ratecaptain.com/?p=22361

The high cost of diesel in Lagos has forced Private Sector Participators (PSPs) in waste management to increase the cost of waste bills, causing concern for the living expenses of Nigerians.

The average increase in waste bills of about 50 percent in the Lagos metropolitan area is making it difficult for households to balance their budgets while managing their waste. Consequently, some households and traders are burning their waste or discarding it.....

https://ratecaptain.com/?p=22349

Africa’s richest man and owner of the Dangote Refinery, Aliko Dangote, has said that with the planned commencement of the refinery located in Lagos, Nigeria could save up to $10 billion in foreign exchange (FX) and generate another $10 billion in exports when the facility begins operation. The 650,000 barrels per day Dangote Refinery, the world’s largest single-train refinery, is set for ......

https://ratecaptain.com/?p=22346

The Nigeria Safety Investigation Board (NSIB) and Nigerian Civil Aviation Authority (NCAA) have expressed readiness to conduct a thorough investigation on the cause(s) of Max Air craft tyre loss.

The accident occurred at the Nnamdi Azikiwe International Airport (NAIA), Abuja, on Sunday

The NCAA Director General, Capt. Musa Nuhu, said in a statement issued on Monday in Abuja, that the outcome of the investigation would help the agencies to make .......

https://ratecaptain.com/?p=22343

Planning a successful business week can be a challenge for anyone, but achieving success with the right strategies and dedication is possible. Achieving a successful business week requires careful planning, focus, and dedication. Whether you are a business owner, manager, or employee, following a few simple tips can help you make the most of your time and increase your productivity. Here are some key strategies to consider:

Set clear goals:
Start the week by ........

https://ratecaptain.com/?p=22340

MainOne, a leading provider of wholesale and enterprise connectivity and data center services across West Africa, has announced that its Graduate Trainee Program is now open to applicants from Nigeria.

The program is designed for young, smart, and committed individuals who are self-starters and interested in building a career in the technology sector. Applicants must demonstrate integrity .......

https://ratecaptain.com/?p=22316

The US labor market continued to display resilience in April with a robust addition of 253,000 jobs by employers, demonstrating surprising strength despite rising interest rates, high inflation, and a banking crisis that could potentially weaken the economy. The unemployment rate fell to 3.4%, matching a 54-year low.

The number of jobs added was significantly higher compared to 165,000 in March and 248,000 in February, and the gains were considered vigorous by historical standards.

Although the Federal Reserve’s aggressive interest rate hikes aimed at fighting inflation have not yet affected the job market, the higher borrowing costs have weakened key sectors like.......

https://ratecaptain.com/?p=22320

Starting a successful online business from scratch in Nigeria may seem like a daunting task, but with the right approach, it can be a rewarding and profitable venture. As a successful business manager, I have compiled some tips and strategies to help entrepreneurs in Nigeria kick-start their online business journey.

Identify your niche:
The first step to starting an...........

https://ratecaptain.com/?p=22323

The President, Major General Muhammadu Buhari (retd.), on Wednesday, in Abuja, launched the Nigeria Agenda 2050, declaring that its implementation would “ensure that Nigeria attains a per capita GDP of $33,328 per annum to place her among the top middle-income economies globally by 2050.”

Buhari said the plan would also increase real GDP growth by seven per cent, create 165 million new jobs and......

https://ratecaptain.com/?p=22283

The Managing Director of the International Monetary Fund, Kristalina Georgieva, has cautioned about the unforeseeable “consequences” that could be brought about by the retail central bank digital currencies.
Georgieva expressed her concern about retail CBDCs in a May 1 interview at the Milken Institute’s 2023 Global Conference.
According to the IMF boss, the IMF considers retail CBDCs to have far more room for error than wholesale CBDCs.

She said, “We think that....

https://ratecaptain.com/?p=22285

Meta, the parent company of the renowned social media platform Facebook, will begin a significant round of layoffs today, potentially affecting approximately 4,000 employees. Per Vox, this latest round of downsizing won’t be limited to just Facebook but is expected to also impact various technical teams across other Meta-owned platforms such as Instagram, Reality Labs, and WhatsApp.

This decision comes on the heels of Meta CEO Mark Zuckerberg’s announcement in March, where he stated that the company would trim its workforce by an additional 10,000 jobs in....

https://ratecaptain.com/?p=22288

The Federal Government has released a 1,564-page compendium detailing the numerous achievements of the Administration of President Muhammadu Buhari from 2015 to 2023.

The compendium, which came in two volumes and documented by the Ministry of Information and Culture was.....

https://ratecaptain.com/fg-releases-1564-page-compendium-on-buharis-achievements/

A recent report by the United Nations has revealed that the Nigerian economy has been severely affected by a shortage of cash, triggered by the replacement of the country’s highest denominations. The report, titled “Trade and Development Report Update; Global Trends and Prospects (April 2023),” noted that the shortage of cash mainly affected the informal sector, which.......

https://ratecaptain.com/cash-crunch-crippled-nigerias-economy-un/

Guaranty Trust Holding Company (GTCO) has recorded a significant increase in fraud incidents in 2022 compared to the previous trading year.

According to GTCO’s 2022 financial report, fraud attempts increased by 84.27%, with 27,725 cases reported, while the amounts associated with these ......

https://ratecaptain.com/gtco-reports-an-84-27-increase-in-fraud-cases-for-the-full-year-of-2022/

The Nigerian Federal Government is moving forward with plans to impose a five percent excise duty tax on mobile telephone services, fixed telephone, and internet services, despite recent claims by the Minister of Communications and Digital Economy, Isa Pantami, that the telecoms sector would be exempt. This proposed tax was initially suspended by the government in September 2022.

Minister Pantami stated that the Information, Technology and Communication (ICT) sector, particularly the telecoms industry, is already overwhelmed by excessive and multiple taxations that could .....

https://ratecaptain.com/buhari-approves-five-percent-telecom-tax/

The Central Bank of Nigeria has called on the public to disregard any report suggesting a phase out or withdrawal of the recently redesigned currency banknotes from circulation.

In a released notice, signed by the acting Director of corporate communication, Isa AbdulMumim on Sunday, the bank stated that the speculation is unfounded and a ploy by some interests to.......

https://ratecaptain.com/cbn-debunks-reports-it-plans-to-phase-out-redesigned-naira-notes/

Nigeria’s Federal Government has announced a review of the Import Adjustment Tax (IAT) as part of the implementation of Economic Community of West African States (ECOWAS) Common External Tariff (CET) 2022-2026, raising tariffs on importation of 189 items including rice, wheat, and alcohol.

According to the revised 2023 document, importation of rice packing of more than 5kg or in bulk and in packing of 5kg or less will now attract ......

https://ratecaptain.com/fg-raises-import-tariff-on-rice-wheat-alcohol-others/

Nestlé, the world’s largest food company, raised prices at close to the fastest pace in more than 30 years in the last quarter. However, despite the increase in prices, the company only experienced a modest reduction in its sales volume, indicating that consumers were willing to pay more for Nestlé’s packaged food and drinks. The company’s first-quarter results showed that it raised prices by almost......

https://ratecaptain.com/nestle-plc-raises-prices-for-all-its-food-products/

MTN Nigeria, the country’s largest telecoms operator, has reported a 20.6% growth in its total revenue for the first quarter of 2023, hitting N568 billion. The company’s data revenue surpassed voice revenue for the first time, with a 40% increase in data revenue contributing to the surge. MTN’s data revenue for the quarter reached N227.8 billion, while voice revenue increased by 7.3% to reach N277.6 billion.

The company’s rollout of 5G late last year, coupled with the expansion of its 4G network, has contributed to the growth of data revenue. Karl Toriola, CEO of MTN Nigeria, noted that the......

https://ratecaptain.com/mtn-nigerias-data-revenue-hits-n568-billion-as-surpasses-voice-revenue-for-the-first-time/

In a recent public lecture at the University of Pennsylvania in Philadelphia, Vice President Yemi Osinbajo proposed that tackling energy poverty in Africa could be the key to achieving middle-income status and societal prosperity for African countries. He argued that Africa’s endowments, renewable energy, natural resources, and a young workforce present a compelling set of circumstances for several pathways to climate-positive growth. Osinbajo outlined three specific pathways that......

https://ratecaptain.com/vice-president-yemi-osinbajo-proposes-three-pathways-for-achieving-climate-positive-growth-in-africa/

Oando Clean Energy Limited has partnered with the Lagos State Government Agency, LAMATA, to bridge the gap in the current mass transit bus system and improve mass transit infrastructure. The initiative will lead to improved air quality, enhanced public health, employment opportunities, and.......

https://ratecaptain.com/oando-partners-with-lamata-to-improve-mass-transit-infrastructure-in-lagos/

For the past 5 years, Nigeria’s inflation rate has been on an upward trend, which has been triggered by a global pandemic, supply-chain disruptions, and the war in Ukraine, contributing to a rapid rise in the cost of fuel, food, and a broad range of goods. Nigeria has been experiencing a double-digit inflation rate since the 1980s.

Inflation rates are most often measured by the consumer price index, or CPI, which is calculated based on a total “basket” of goods and services bought by all consumers in a national economy. However, these inflation rates may not necessarily represent the impact that inflation has..........

https://ratecaptain.com/inflation-why-you-need-to-know-your-personal-inflation-rate/

The European Parliament approved the world’s first comprehensive rules to regulate the “Wild West” world of cryptocurrencies on Thursday, hoping to protect investors against abuse and manipulation.

EU member states have already backed the legislation covering cryptoassets, which include cryptocurrencies such as bitcoin and Ethereum and other tradable tokens whose value is secured using.......

https://ratecaptain.com/eu-parliament-approves-worlds-most-sweeping-cryptocurrency-rules/

The founder of the world’s biggest e-commerce company, Jack Ma, has been made an honourary professor of business at an elite Hong Kong university, according to the school’s announcement on Friday, April 21, 2023.

The appointment follows Ma’s public appearance in China after he fell out with the Chinese government, which began a crackdown on the billionaire and......

https://ratecaptain.com/alibaba-founder-jack-ma-accepts-teaching-job-after-govt-crackdown/