Business

Group Tasks Youth On Skills Acquisition

Published

7 years ago

January 21, 2015

Following the rate of
unemployment in the country, young people have been tasked to pay more attention to skill acquisition as to make themselves relevant in the labour market.
The chairman, Elekahia, Human Resources Development Youth Association, (EHRDYA), Dr Lawrence A. Boms, said this last weekend, during the graduation ceremony of the 129 youths on various skills in Port Harcourt.
He said skill acquisition programmes would enable them to be self reliant and as well generate employment opportunities.
Boms, who spoke through Sir Edmond Minini, charged the trainees to utilize the opportunity and forge ahead as future employers of labour.
The EHRDYA boss, noted that if they did not play down on the training received so far, that both the country and their immediate family would benefit from the system.
In his remarks, the Rivers State Commissioner for Youths Development, Sir Owene Wonodi, challenged other Nigerians to copy from the group and act in like manner.
The commissioner explained that the association and its leadership have done credibly, adding that such tempo ought to be sustained.
He maintained that the gesture has placed the youths on the right footing, saying that it has provided them with a platform that would enable them tackle future challenges.
The Tide gathered that some of the skills acquired included, bread making, paint production, computer training, Ankara craft, among others.
One of the beneficiaries, Gift Dike, lauded the organisers for their kind gesture and promised to utilize all the knowledge he has acquired in the programme.
He however, stressed the need for personal skill acquisition, saying that it was the best form of empowerment.

Business

NSE Begins Week On Negative Note, Loses N19.49bn

Published

4 hours ago

December 1, 2021

The Tide

The Nigerian stock market began the week on a negative note as banking and consumer goods stocks, among others, triggered a N19.49bn loss.
At the end of trading on the floor of the Nigerian Exchange Limited , the NGX All-Share Index dropped by 0.09 per cent to end at 43,270.94 basis points, while the market capitalisation declined to N22.58tn.
Market activities were mixed as the total volume of shares traded decreased by 30.19 per cent while the value traded rose by 34.05 per cent.
A total of 213.13 million shares valued at N2.36bn were exchanged in 4,105 deals, compared to 305.32 million shares worth N3.58bn in 4,450 deals last Friday.
FCMB Group Plc topped the traded stocks in terms of volume, accounting for 27.43 per cent of the total volume of trades while Airtel Africa Plc emerged as the most traded stock by value, representing 28.81 per cent of the total value of trades on the exchange.
14 firms gained compared to 21 losers.
AIICO Insurance Plc was the biggest gainer for the day, topping the gainers’ chart with a price appreciation of 8.57 per cent to N0.76 per share.
It was followed by LivingTrust Mortgage Bank Plc with a rise of 7.95 per cent, ending the day at N0.95 per share.
Analysing by sectors, three of the five major indices closed lower, led by NGX Oil & Gas (-0.56 per cent), NGX Consumer Goods (-0.23 per cent) and NGX Banking (0.18 per cent).
But the insurance (0.82 per cent) and industrial goods (0.002 per cent) indices gained at the end of trading.

Business

… Introduces TIES To Boost Business Loan

Published

4 hours ago

December 1, 2021

The Tide

The Central Bank of Nigeria (CBN) has introduced the Tertiary Institutions Entrepreneurship Scheme (TIES), which provides undergraduates and graduates with a platform to access loans.
The TIES’ underlying aim is to provide access to capital for Nigerian undergraduates and graduates with innovative entrepreneurial and technological ideas from polytechnics and universities.
TIES intends to shift undergraduates and graduates away from white-collar job pursuits and towards a culture of entrepreneurship development for economic development and job creation.
In a national biennial entrepreneurship competition, the Developmental Component would be distributed in the form of awards to Nigerian polytechnics and universities.
The competition aims to increase undergraduates’ awareness and visibility of high-impact entrepreneurial/technological concepts, foster entrepreneurial talent hunts in Nigerian polytechnics and universities, and encourage commercially viable and transformative technologies.
Interested Nigerian polytechnics and universities shall apply to participate in the national biennial entrepreneurship competition on a dedicated online portal.
Outlining brief details of the project, potential impact and evidence of originality of project, CBN said it is an innovation for students entrepreneurs.

Business

CITN Applauds FG, Tax Authorities On Fiscal Policy Decisions

Published

4 hours ago

December 1, 2021

The Tide

The Chartered Institute of Taxation of Nigeria (CITN) has lauded the Federal Government and tax authorities on the giant strides made on fiscal policy decisions and tax administration measures initiated this year in the area of Finance Act 2021 and the introduction of TaxPromax solution.
President of the institute, Adesina Adedayo, who gave the commendation at the institute’s yearly award ceremony at the weekend in Lagos, assured the government and tax authorities of aligning with the measures and promised to provide professional thoughts and insights on ways through which they could achieve an efficient and effective Nigerian tax system.
Adedayo emphasised the need to address the database, adding that without knowing who the tax-payers are, there is no way they can take money from unknown tax-payers.
Database is the aspect we have been emphasising on as an institute and in doing this, there are so many of pockets of data we have. All the data must be harmonised to have a simple unique tax-payers identification number,” he said.