• Thursday, February 22, 2024
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Five things to know to start your Tuesday


NIM, SMEDAN partner on SME, human capital development

The Nigerian Institute of Management Chartered (NIM) has partnered with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to drive human capital development and improve Small and Medium Enterprises in Nigeria.

Christiana Atako, President, NIM, during a courtesy visit to the agency in Abuja on Monday, said the partnership was necessary to sharpen the managerial professionalism of SMEDAN.

She said that there was a need for the agency to key into the various programmes of the institute for increased staff productivity and improved service delivery.

This, she said, would be achieved via subscription to the various human capital development programmes of the institute.

They include intensive training for Membership Admission, Top Executive Leadership Programme, and Mandatory Continuing Professional Education Programme to drive human capital development. (NAN)

Read also: Strong public, private partnership key for economy; Obaseki, Yahaya

Obaseki approves 13th-month salary for Edo workers

Governor Godwin Obaseki of Edo State approved on Monday the payment of the 13th month’s salary to Edo civil and public servants.

Obaseki gave the approval during an interactive session with civil and public servants between Grade Levels 8 and 17 at the Sir Victor Uwaifo Creative Hub, Benin City.

He commended the workers for their support of his administration over the past six years.

The governor called for greater government-worker teamwork to ensure the sustainability of the ongoing reforms designed to guarantee improved wellbeing for the people and economic prosperity for the state.

Obaseki assured the people of his administration’s commitment to developing the Benin Port and other projects meant to place the state on the path of sustainable economic growth and development.

IPOB declares May 30 sit-at-home

The Indigenous People of Biafra (IPOB) has declared May 30 a day to sit at home in the southeast. The group said the sit-at-home is to pay tribute to its fallen heroes, especially those who died during the civil war.

In a statement signed by its Media and Publicity Secretary, Emma Powerful, on Monday, the proscribed group said that the lockdown would be total and would put a halt to every activity in the region with the exception of hospitals, doctors, nurses, ambulances, and other health workers.

Powerful called on corporate organisations, schools, hotels, markets, and churches to shut down on this day to honour its fallen heroes and those who died during the 30-month civil war.

“IPOB, ably led by the leader, Nnamdi Kanu, wishes to remind Biafrans, friends of Biafra, and lovers of Biafra freedom across the world that May 30 is sacrosanct and every Biafran must remember and honour those who died for us to live,” the statement read.

CBN to sanction banks supporting unlicensed foreign firms

In a statement issued by the Director, Financial Policy and Regulation Department, Muhammad Musa, on Monday, the Central Bank of Nigeria said that it will sanction banks that assist the operations of unlicensed foreign firms.

The statement partly read, “Any CBN-regulated entity found to be assisting, supporting, harbouring, or facilitating the presence and/or operations of an unlicensed international financial institution in Nigeria shall be liable to severe sanctions, including suspension or revocation of their banking licence.

“It is in view of these that the Central Bank of Nigeria issues this guideline to specify the requirements for the licencing and operations of approved representative offices of foreign banks in Nigeria.”

LinkedIn to cut 716 jobs, phase out China local jobs app

LinkedIn, the social media network owned by Microsoft Corp that focuses on business professionals, said on Monday it would cut 716 jobs as part of broader changes that would also result in it phasing out its local jobs app in China.

In a letter to employees, LinkedIn CEO Ryan Roslansky said the move to cut roles in its sales, operations and support teams was aimed at streamlining the company’s operations.

“With the market and customer demand fluctuating more, and to serve emerging and growth markets more effectively, we are expanding the use of vendors,” Roslansky wrote. “We are also removing layers, reducing management roles and broadening responsibilities to make decisions more quickly.”

Roslansky also said in the letter that the changes would result in creating 250 new jobs. A LinkedIn spokesperson said that employees affected by the cuts would be eligible to apply for those roles. (Reuters)