Business

Atiku’s Exchange rate Policy Recipe for Disaster – Emefiele

Central Bank of Nigeria (CBN) Governor Godwin Emefiele has warned that the Peoples Democratic Party (PDP) presidential candidate’s suggestion that the exchange rate should be free float is a recipe for disaster. “The MPC reviewed it and concluded that it would be wrong. It is as good as saying that we should go back to…

37 million Nigerians don’t have opportunity to access loans – BOI

The Executive Director, Micro Enterprise, Bank of Industry (BOI), Toyin Adeniji said about 37 million Nigerians are commercially active but have never had the opportunity to access loans. She made the fact available to journalists in Abuja on Friday in a statement on federal government empowerment programmes under the supervision of BOI. These Nigerians who…

Okonjo-Iweala ready to lead World Bank as President

Nigeria’s former Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said she is ready to lead the World Bank, if nominated for the job. Okonjo-Iweala said this while speaking on the sidelines of the World Economic Forum in Davos. She said many people have been asking if she would take the job because she contested against…

FG to review revenue sharing formula over minimum wage

The Federal Government yesterday resolved to engage governors of the 36 states of the federation and the Council of State in a review of the nation’s federal allocation sharing formula.The review is part of demands by the Nigeria Governors Forum (NGF) prior to its accepting the implementation of the proposed N30,000 National Minimum Wage for…

Aliko Dangote still undisputed in Africa Business

The Nigeria Business mogul Aliko Dangote is undisputed Africa’s richest man in Forbes billionaires ranking On January 10, 2019. Dangote won this position for the eighth time back to back to retain the title of Africa’s richest man. Although his previous net worth of $12 billion came down to $10billion thereby bringing close the Globacom…

President Buhari Appoints Bismarck Rewane

President Muhammadu Buhari on Wednesday appointed Bismarck Rewane to lead the team of economists and other administrators from the private sector in the newly constituted Technical Advisory Committee on the implementation of a National Minimum Wage. The committee will ensure safely implementation of the proposed wage to prevent further negative impact on the economy. The…

Documentation: Critical Business Applications

Documentation: Critical Business Applications. Conducting my spot checks in many companies around, I discovered that some locally developed applications have little or no documentations at all. Yet, these “orphans” are critical to business for enhancement of financial, production, procurement, safety, logistics  etc processes. These old apps were either developed by ex-staff of IT departments who…

Sales and Operations Planning (S&OP)

Sales and Operations Planning (S&OP). Let’s be very simple in describing this gigantic process at this very beginning because the only way to eat this elephant is piece by piece. There may be a lot of headaches, misses here and there without an automation of this process Whenever you suddenly cannot find your favorite product…

Business Continuity and Disaster Recovery

Business Continuity and Disaster Recovery. In this day and age when natural disaster is competing with terrorist attack, cyber-crime is at its peak, these are not times when businesses will let down their guards. As they say “as sure as death and taxes” business managers must be sure of the continuity of their businesses in…