Are You Gifted? Sure You Got A Talent

Let me begin by saying that we all are gifted in one way or another. In other words; you have a talent. 

Your talent may well be in one of the latest jobs in Nigeria. There is something you know how to do. Your talent may be different from other people’s own. We are all given talent by God according to His presumed ability we possess, some are multi-talented. You find them being able to do many things that others can’t do. You may have one person being a singer, a writer, a footballer and a painter, just one person doing all these. That is a talent. You may also find others endowed with only one talent, each given according to their abilities.

The nature of your talent determines your IMPACT. If you have many talents, then you are likely going to make more impacts. It is not just enough for you to have a talent, there is a divine expectation and target for you. There are people you are supposed to touch with your talent. That is the more reason why you must use your talent well. Making good use of one’s talent is a question of PASSION. Passion is the thing that makes you to work on your talent and develop it well. Passion is the effort you are expected to make. You must employ passion in the use of your talent, the extra you get from it is as a result of the passion employed. The more passion, the more extra.

If we selfishly hold unto the talent given to us, and not use it for good especially for the benefit of others and the society at large. We run the risk of losing the meagre benefits we expect to accrue from such talent. Though is generous and magnanimous in dishing out gifts and talents to us, He expects and demands correspondent work and accountability on our part.

Have a Great Weekend

Unity; Nigeria’s Sure Road To Freedom - Pres Jonathan

President Goodluck Jonathan has emphasised that the desired freedom from the numerous challenges facing Nigeria will only be guaranteed when there is unity.

President Jonathan made the emphasis on Friday while addressing leaders of the Peoples Democratic Party (PDP) in the south-west at a Yoruba Unity Summit held the ‎Obafemi Awolowo University campus in Ile-Ife, Osun State.

The President acknowledged that the south-west was a key part of Nigeria that should be well repositioned.

President Jonathan further sought the cooperation of the traditional rulers and the party leaders to win the 2015 election. He is seeking a second term in office.

He assured the gathering that the recommendations given by the chairman of the National Conference would be carefully adhered to and implemented.

A former Chairman of the Nigeria Ports Authority, Mr Bode George and other speakers had earlier endorsed the President’s re-election bid but maintained that the south-west had been short changed in the present administration of President Jonathan.

They assured the President that the south-west would be delivered to the PDP in the 2015 election.

The Yoruba Unity Summit brought together traditional rulers from across the south-west,‎ former and present Governors and all Leaders of the PDP in the south-west.

Nigeria is facing numerous challenges which include low turn out of recent job vacancies in Nigeria, but some Nigerians have stressed that the issue of insecurity in the north east should be addressed with urgency.

A terrorist group had, for over five years, carried out series of attacks on villages, schools. churches, mosques and other public places in the region, leaving scores dead.

President Jonathan had continued to reassure Nigerians of the government’s commitment to ending the acts of terrorism.

87,000 Jobs To Be Created From Abuja Centenary City Project

AS construction works begin on the first phase of $180.6bn Centenary City project, the company undertaking it has disclosed that over 87,000 jobs would be added to the latest jobs in Nigeria

The Executive Director Africa, Eagles Hill, Mr. Jaimal Shergill, who disclosed this while briefing journalists on the take-off of the project in Abuja recently, said the Centenary City project would be completed in ten years.

"The first phase which is the five star hotel and residence would be completed within four years, 87, 000 jobs would be created.

"In addition to that, we will have 137,000 residents, a bulk of the workers will be Nigerians. In our estimate for every residents, two or three jobs would be created, close to about 300 to 400,000 jobs.

"There will be two stages of job creation, which include the construction phase and the services sector," he said.

According to him, the first phase of the project named; The address and Residence, would offer combination of residential and hotel spaces, spanning 25 hectares of land with world class amenities, restaurants and more.

Source: Vanguard

Capital Flight: Foreign Investors Pull N101.2bn From Nigeria

Foreign investors have pulled N101.2 billion ($583.6 million) from the NSE in October as they sold stocks valued at that amount after a drop in oil price and the value of the naira. However, the total foreign inflow during the month stood at N52.06, which showed that there were more outflows than inflows

The Nigeria Stock Exchange (NSE) has experienced sharp decline in market capitalisation due to foreign investors exit from the market in apprehension of the impact of the decline in price of crude oil on the naira exchange rate.

Analysis of transactions for the period by the NSE showed that total foreign transactions stood at N153.28 billion as against N21.82 billion by Nigerian investors, while the total transactions during the period stood at N175.10 billion.

It would be recalled that in October, the equity market has its greatest depreciation for the year so far with market capitalization losing N1.17 trillion to close at N12.437 trillion from an opening value of N13.607 trillion. On the other hand, the ASI closed October at 37,550.24 points against 41,210.10 points, losing 8.88 per cent.

80% of Nigerian Banks Have Met Basel II Requirement

Of recent the Central Bank of Nigeria released report that more than 80 per cent of banks in the country have the Basel II capital adequacy requirement even as it defended its recent circular on restrictions on dividend payout by banks.

Basel II is the second of the Basel Accords, (now extended and effectively superseded[clarification needed] by Basel III), which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. Basel II, initially published in June 2004, was intended to create an international standard for banking regulators to control how much capital banks need to put aside to guard against the types of financial and operational risks banks (and the whole economy) face. One focus was to maintain sufficient consistency of regulations so that this does not become a source of competitive inequality amongst internationally active banks. Advocates of Basel II believed that such an international standard could help protect the international financial system from the types of problems that might arise should a major bank or a series of banks collapse. In theory, Basel II attempted to accomplish this by setting up risk and capital management requirements designed to ensure that a bank has adequate capital for the risk the bank exposes itself to through its lending and investment practices. Generally speaking, these rules mean that the greater risk to which the bank is exposed, the greater the amount of capital the bank needs to hold to safeguard its solvency and overall economic stability. Politically, it was difficult to implement Basel II in the regulatory environment prior to 2008, and progress was generally slow until that year's major banking crisis caused mostly by credit default swaps, mortgage-backed security markets and similar derivatives. As Basel III was negotiated, this was top of mind, and accordingly much more stringent standards were contemplated, and quickly adopted in some key countries including the USA.


CBN’s deputy director, Banking Supervision Department, Kevin Ibedo noted that most banks have complied with the Basel II requirement, stating that over 80 per cent of banks which submitted their Internal Capital Adequacy (ICAP) have complied.

Explaining the rationale behind the recent circular of the apex bank, which restricted banks without enough capital from paying dividend, Ibedo said “we are saying rather than spend all your money today, make profit and have retained earnings share a little and beef up your capital so that they can meet up with the Basel II capital.”

“We did a survey and discovered that banks do not have adequate capital. There is a requirement called ICAP which they submit to us, we have been reviewing their reports so based on it we moved the deadline to October,” said Ibedo.

“So we are reviewing the capital raising and that is the reason we raised the circular.“What we review is their dividend policy whether it is realistic and as regulators we want to ensure that the banks in their dividend policy make effort to retain some of their profit.”

However, the national coordinator of the Independent Shareholders Association, Sunny Nwosu, called on bank directors as well as the CBN to review the circular so that investors in the banking industry can have returns on their investments.

Job Hunting Mistakes You Must Avoid

Don't take your eyes off the competition, but do take a break. Here's advice on mistakes to avoid when looking for work


Don't be afraid to blow your own trumpet

Applying for one of the recent vacancies in Nigeria is often a difficult and demoralising process, but it's important to stay positive and learn from your mistakes. Here are ten common mistakes you should try to avoid:

Passing on responsibility for your job hunt

It's important that you don't try and blame others for your job hunting difficulties. Focus on positive action rather than negative thoughts. Brush pessimism to one side and look to the future. What's happened has happened, but by taking control of the current situation and letting your personality shine through, you will overcome this.

Make your job search your sole focus in life

Enjoy family time, eat well and exercise. Leave the house each day, volunteer, learn new skills, meet people and maintain a balance in your life. We all need interaction and variety: often the harder you chase something, the more it eludes you.

Take rejection personally

Unfortunately it's rare to be offered the first job you apply for — it's just not that easy. So, accept rejection as part of the process and always ask for, and even more importantly learn from, feedback. The job you don't get helps you next time so always push for feedback and act on it.

Search in the same place as others

Surfing the online job boards is an important first port of call in finding a job, but there are also lots of other places you can explore. For example, you could look at recommendations, referrals and professional networks as this market can be less competitive.

Fail to deliver a clear message
Employers are interested in where you have added value, not everything you've ever done. Make sure they can see the wood from the trees. Think of yourself as a movie trailer and not the whole film – what is it about you that generates enough excitement and interest for an employer to buy a ticket to the main feature?

Hide it from the people in your life

Although searching for your next job is a personal experience, don't try and do it all alone. Share the experience with your loved ones and you'll be far stronger and more effective in your quest.

Apply for every job you come across

This makes you look desperate and you'll lose focus. Try to take more time on fewer applications and don't adopt the scatter gun approach. Throwing more mud at the wall won't lead to more success, just more mess. Nothing puts an employer off more than you not knowing anything about their business or what the role entails and, if you have multiple applications out in the field, keeping track of them all becomes an impossible task.
 
Be afraid to push yourself forward

This is no time to lurk in the shadows. Don't be afraid to shine, blow your own trumpet and tell people how good you are and what value you can bring to their business. Confidence, not arrogance, is the key here – don't let your skills and experience be the best kept secret.

Forget that times change

If you've not been in the job market for a few years, you might have expectations that are unrealistic. It's easy to think that it's exactly the same as when you last looked for a position, but times have changed. Take a more enlightened approach and try to gain more understanding of the modern job market and how best to place yourself in it.

Take your eye off the competition

Make sure you differentiate yourself from other vying for the latest jobs in Nigeria. Instantly falling in line with what the competition is doing will put you at a distinct disadvantage.

Think not only about your skills and experience but also your key achievements. These should be things where you have made a difference and done something out of the ordinary. Your competition is likely to have similar responsibilities but achievements are unique to you. Think about a particular situation, what you did and quantify the outcome or result where possible. This way of thinking and presentation on your CV falls in line with the competency-based interview style of questioning and will help you make an even better impression once you get to interview. Knowledge is power and the more you know about yourself and what makes you different, the better placed you are to attack the job market and find your next position.

203 Fresh SURE-P Graduates

The Federal Capital Territory (FCT) Subsidy Reinvestment and Empowerment Programme (SURE-P) has graduated fresh Set of 203 youths in various vocational skills.

The graduands were trained in various vocational skills which included event management, soap making, baking, shoe and bag making, household chemicals, catering and photography.

FCT Permanent Secretary, John Chukwu, who spoke the event noted that the FCT Administration, through the completion of the training, had already recorded greater strides towards building the capacity of youths who he observed constituted a large number of active population to equip the fully to engage in the recent vacancies in Nigeria

He urged, the beneficiaries to see the investment as the proverbial mustard seed sown that was expected to develop into strong and solid small-scale businesses.

Chukwu assured the youths in Abuja that the administration would continue to prioritise their capacity-building for self-employment even as it, in collaboration with the Industrial Training Fund (ITF) under the National Industrial Skills Development Prograrnrne, had trained a critical mass of 1000 youths in various vocational skills.

The permanent secretary assured that the FCT administration would replicate the achievements recorded in vocational training in 2015.

Also speaking, the coordinator of FCT SURE-P, Mr Isa Art, maintained that the vocational training was an aspect of the Social Safety Net Programme of the FCT SURE-P designed to ensure that the youths in the territory were empowered

He assured the graduands that arrangements has been concluded with the Abuja Enterprise Agency (AEA and the Enterprise Development Centre (EDO) to expose, them to the right entrepreneurship training and mentoring aimed at assisting them to establish themselves on a sound footing

                                                                                                                  Source: Nigerian Tribune

TETFUND to establish Entrepreneurship Centres in Tertiary Institution Nationwide

TETFUND - The Executive Secretary of Tertiary Education Trust Fund (TetFund) Professor Sulaiman Elias Bogoro has disclosed that N100 million has been released for the establishment of entrepreneurship centers in each federal and state university across the country.

Bogoro made the disclosure at a capacity building workshop held for lecturers in the North East region on entrepreneurship development in public tertiary institutions.

At the event held at the Abubakar Tafawa Balewa University, Gubi campus, Bagoro said: "It is our belief that these centers, when fully operational, would provide the needed platform for lectures, students and members of the public to articulate appropriate strategies for growing entrepreneurship skills for national development." He stated that TetFund has approved a five-year (2014 to 2019) vision for fund to deepen its focus on academic content, quality and excellence.

Bogoro, represented by the North East zonal coordinator of TetFund, Mustapha Gutalla, said that the workshop was designed to further strengthen the delivery of entrepreneurship and training in public tertiary institutions.

He said the training will further enhance the knowledge, skills and abilities of lecturers in business development skills so that they will impact better knowledge on students, using train-the-trainers approach.

He explained that entrepreneurship has become an increasingly important avenue towards accelerating economic growth in any country and is also one of the major factors considered for ranking of universities in the world. "It has become imperative that TetFund will continue to support the strengthening of entrepreneurship education in tertiary institutions, and as you are aware, TetFund has been in the forefront of supporting innovative approaches to teaching and learning over the years in Nigeria."

The Chairman, Board of Trustees TetFund, Dr. Musa Babayo, represented by the Head of Procurement, Mr. Okunlola Kolapo, said: "To us, supporting entrepreneurship development in tertiary educational institutions is in line with the Transformation Agenda of President Goodluck Ebele Jonathan and the vision 20,2020 which we hope will put Nigeria among the 20 biggest economies by 2020."

The chairman said TetFund believes that the introduction of entrepreneurship into tertiary institutions will change the focus and quality of graduates and the fortunes of Nigeria by giving tomorrow employers the training they need to create new business prospects.

He explained that with the theme of the workshop, strengthening the delivery of entrepreneurship education of lecturers will help prepare them for the future of the country in line with the global trend of entrepreneurship as a major component of economic growth ad equipping the graduate to embrace the latest Jobs in Nigeria.

Source: Guardian

Nigeria FG To Create 3million Job By End Of 2015

The Minister of Labour and Productivity, Alhaji Kabiru Turaki, has said that, in a bid to fast track job creation in the country, the Federal Government recently inaugurated national job board under the chairmanship of the Vice President to create three million jobs for unemployed Nigerians in the next 12 months.

Speaking at the ongoing Lagos International Trade Fair, Turaki, assured Nigerians that in spite of the daunting insecurity challenges and harsh business terrain confronting Nigeria, the country will continue to rank as the number one investment destination in Africa.

"This nation is highly blessed with limitless opportunities for investments with a high rate of turn over, which is attractive to any interested investor. The federal government will continue to harness all the economic potentials of this country to ensure that Nigerians derive maximum benefits from them" he said.

He said other measures put in place towards achieving economic goals in the transformation agenda include: Rebasing of the National GDP, which has no doubt secured the country's rightful place as the largest economy in Africa and the 26th largest economy in the world. Initiating the community works programme, leading to an addition to the latest jobs in Nigeria through the creation of 370,000 jobs in 3 years in the 36 states, hosting the World Economic Forum on Africa in Abuja for the first time in this year which helped to showcase Nigeria's impressive economic growth to the global audience and attracting foreign investments, making Nigeria the preferred destination for foreign direct investment in Africa, which no doubt will lead to unprecedented economic growth and job creation.

Source: Vanguard

720 New Jobs set as target - Royal Niger Emerging Technologies

Royal Niger Emerging Technologies, a Nigerian indigenous company in the oil and gas sector, has said that it will create an additional 720 jobs in the country with the setup of a $50 million plant for the manufacture of finished umbilical products in Nigeria.

The company said the plant would boost Nigeria's workforce adding more jobs to the latest jobs in Nigeria and save the country billions of naira expended on importation of umbilical products.

An umbilical is a cable which supplies fluid, power and data to drilling and production equipment.

Anthony Okolo, Managing Director of the company, who announced this in Lagos, said the facility is expected to begin operations in the second quarter of 2015 and will have an annual cable output of up to 12km per annum.

He said the umbilicals will be manufactured at Royal Niger's facility at Angel Park, Iworo, Badagry, with ease of logistics from the Apapa Port and offers optimal logistics to all successful tenderers of umbilical projects in Nigeria.

"The plant will be a key element in ensuring leading manufacturers of umbilical products are able to meet their Nigerian Content compliance requirements by ensuring up to 60% of the equipment tonnage is manufactured in Nigeria while offering benefits in reduced cost in logistics and operations.

The plant will also support aftermarket services, including umbilical repairs, reeler management and splicing."

Source: DailyTrust