By Franklin Alli Indulge Nigeria Ltd has been boosting productivity at work places through its wellness advocacy, Feel Good Festival and Award for the past eleven years. Every year, the company’s event attracts participants from local firms like Popular Foods; Promasidor and Nigerian Breweries PLC. Others are Unilever, Grand Cereals Ltd, UAC Foods, Gossy, Mr.Read More →
Price of rice has hit the roof and low quality brand has flooded the market just as farmers have threatened to stop rice cultivation according to Tunji Owoeye, Chairman of RIMIDAN (Rice Millers Importers Association of Nigeria).Read More →
anks have commenced moves to protect their customers from the rising wave of electronic fraudsters by fortifying their internet platforms with additional security features.Read More →
Leonard L. Berry and A. Parasuraman put it beautifully. In their classic, Marketing Services: Competing Through Quality, they describe superior service recovery as “doing the service very right the second time.” In the simplest of terms, service recovery is the act of making things right for the customer whenever a service failure is occurs.Read More →
Rice import policy
The policy of the Federal government is noble and desirable. Any country that is forward looking, will want to pursue that route. The Minister of Agriculture is clear in his vision to grow rice locally, as we have more than 60 percent arable land in Nigeria. Government felt that we should discourage import and encourage our local rice production. The government did not take into consideration, the harm that smugglers will unleash on this noble policy. Now, the importers are put on hold because they cannot compete with the prices of smuggled rice, neither could the farmers and processors.
Zenith Bank PLC has been named bank of the Year Nigeria by the Banker, a publication of Financial Times of London. In a statement on its website the Banker said “Zenith has come a long way since it was founded in 1990. The bank, which had $17bn of assets at the end of 2012, is the largest in Nigeria based on Tier 1 capital, according to The Banker’s latest Top 1000 rankings. By the same measure, it is the sixth biggest lender in the whole of Africa.Read More →
With government spending rising, it is important for revenue administrators to devise ingenious means of improving tax collection. One sure way of doing so is automation of the tax collection process.Read More →
Out of the 140 million Nigerians who use mobile phones, only an approximately 12.7 million use data connected phones, meaning that over 90 per cent of Nigerians still use feature phones, said Robert Bole, Director of Innovation, Broadcasting Board of Directors, Voice of America.Read More →
Ogun State government is to devote 12.72 percent of its projected income in 2014 to fund housing development and urban renewal programme in the state.Read More →
MANUFACTURERS in the country are licking their wounds over streams of loses as a result of built up finished inventories of goods in their warehouses they can not sell. This is as a result of the insecurity in the Northern part of the country that has taken away part of their market. Many company chief executives who spoke to Vanguard said the north is important to their business as the region accounts for more than 30 per cent of the Nigerian market.
Though the manufacturers see the market as huge, distribution of goods and services to this region is being hampered by security challenges in the affected states.
The cashless policy started in Lagos January 2012, but it is yet a policy in most major public institutions. A good example is the Lagos state hospitals. A visit to any of these general hospitals will reveal little or no attempt on the part of the management to promote electronic payment.Read More →
The N464 trillion needed for infrastructures over the the next five years in the country can’t be provided by banks alone, said Chibundu Edozie, Group Deputy Managing Director, BGL Plc.Read More →
Pension Fund Operators of Nigeria, PenOp, has said that many employers have refused to buy group life insurance policy for their employees as mandated by the Pension Reform Act, 2004.Read More →
To adequately tackle shortage of affordable housing in Nigeria, there is an urgent need to increase the level of housing finance in Nigeria to 10 percent of Gross Domestic Product (GDP) from its current level of 0.5 percent.
President, Mortgage Banking Association of Nigeria (MBAN), Mr. Femi Johnson, stated this last week, in Lagos, in his welcome address at the 3rd MBAN Housing Finance and Investment Conference and Exhibition, MBAN-HOFEX 2013, with the theme, “Mortgage Banking – A Catalyst for Capital Market Growth in Nigeria”.
First Bank Nigeria Plc, has announced its maiden edition of SMEs conference, with a view to empowering entrepreneurs and SMEs in the country.Read More →
Nigerian Airspace Management Agency, NAMA has denied the allegation that non- scheduled airlines, private jet operators, have shut down their operations in protest against the new aviation charges introduced for the use of general aviation terminals at the nation’s airports.Read More →
The Bank of Industry, BoI, says collateral is no longer an issue for accessing its credit facility as it has designed credit schemes and products that allow reputable persons third party guarantees on loan applications.
BoI Managing Director, Evelyn Oputu, disclosed this while addressing Nigerian and Danish business community in Lagos. According to her, the issue of collateral requirement to access funding was neither here nor there because the bank has already identified that some serious businesses do not have collaterals.
Outsourcing is one of the biggest business discoveries in the last two decades. In simple terms, it means handing over the management and execution of some business processes, functions or services to another organisation that has the expertise in handling such things.Read More →
Consumer Protection Council, CPC, has invited passengers on Aero Contractors Flight AJ 132 who passed the night at the airport for no fault of theirs only to be flown the following day for a chat with the intention of sanctioning the airline.Read More →
The Institute of Chartered Accountant of Nigeria, ICAN, has charged both quoted and unquoted companies to adopt the International Financial Reporting Standards, IFRS, in order to help the nation attract foreign direct investment.Read More →
Members of the Senate have tasked the Committee on Housing and Urban Development of the upper legislative chamber to re-work the Social Housing Bill in a bid to make it implementable after passage into law.Read More →
Governor of Akwa Ibom State, Chief Godswill Akpabio has called for measures to protect electronic payment platform from activities of fraudsters.Read More →
You are in a tight corner. Or so it seems. You couldn’t deliver the goods on schedule. You couldn’t fix the customer’s problem when you promised you would. Or you couldn’t meet some other deadlines you agreed with the customer. So what do you do?Read More →
The face-off between Guinness Nigeria Plc and the Advertising Practitioners Council of Nigeria (APCON), a federal body responsible for the regulation and control of the practice of advertising in Nigeria, may not have abated as fresh trouble is knocking on the doors of Guinness Nigeria Plc over the recent front page advert placed in some newspapers.Read More →
The Governor, Central Bank of Nigeria, CBN, Mallam Sanusi Lamido Sanusi has listed adequate institutional framework, transparent legislative and regulatory frameworks as preconditions for successful Public Private Partnership, PPP projects.Read More →
The Project Manager, Brightway International Exhibition Ltd, Mr. David Zhao, has said that the trade volume between Nigeria and China has increased by 18.6 percent with a total of 6.2 billion dollars in the first half of 2013 as against the 4.5 billion dollars in the corresponding period of 2012.Read More →
Revenue earned by Nigeria this year may be as much as $12 billion short of budget estimates as theft of crude and output disruptions persist in the oil-rich Niger River delta, Finance Minister Ngozi Okonjo-Iweala said. The government will draw down its oil savings in the Excess Crude Account to compensate for the drop in revenue to keep the budget deficit under control, Okonjo-Iweala said in an interview with Bloomberg in Abuja.Read More →
Hounrable Dayo Bush-Alebiosu is the Chairman, House Committee on Treaties and Agreements, which was inaugurated in the House about a year ago. In this interview with Aviation reporters, he speaks on several issues in the Nigerian aviation industry including the failure of the management of Dana Air to complete payment of compensation to families of crash victims over 16 months after the crash, the recent crash involving Associated Aviation Limited and the imbalances in the Bilateral Air Services Agreements, BASA, Nigeria signed with several countriesRead More →
The Nigerian government has been accused of paying lip service only to the issue housing development in the country.
Chairman, Faculty of Housing, Nigeria Institution of Estate Surveyors and Valuers (NIESV), Chief Kola Akomolede, made the accusation at the recently concluded Second National Housing Summit hosted by the Institution in Abuja, adding that the present situation of the country’s housing sector leaves much to be desired. He lamented that the present government has relegated housing to the background because it merely talks about transformation without any agenda for housing.Read More →
Do your customers trust you? Can they easily refer their relations and best friends to you?
Whether you work for an organisation as an employee or you run your own business, you definitely need the trust of your customers to succeed. Most people in business would like to be trusted, but not all work to earn trust. In fact, some actually seem to work hard to fritter away trust.
The Securities and Exchange Commission (SEC) has disclosed that N589 billion has been raised from the Nigerian capital market since 1999 to date.
The Director General, SEC, Ms. Arunma Oteh disclosed this , saying capital market serves as a platform for mobilizing long term funds for various project.Read More →