Economy
NPC Partners NIM on Capacity Building, Productivity Enhancement
The National Productivity Centre (NPC) has brokered a partnership with the Nigerian Institute of Management Chartered (NIM) to drive capacity building and productivity enhancement in Nigeria.
Report says that the partnership was brokered during a hybrid interactive session by the leadership of both organisations on Wednesday in Abuja.
Dr Christiana Atako, President, NIM, said the partnership would commence with the signing of a Memorandum of Understanding between both organisations.
This, Atako, explained would enhance the conceptual and professional competencies of the participants to be drawn from both public and private sectors.
She noted that the choice of the centre was critical to the nation’s economy having designed programmes that touch the lives of the people while building a productivity mindset and culture for the people.
She stated that the NIM with its individual membership strength of about 200,000 and over 400 corporate members, was strategically positioned as the prime driver of management values, standards and professionalism.
Atako said the institute since inception 62 years ago has recorded laudable achievements in the areas of professional management, capacity building, consultancy, re-engineering and human capital development.
She listed some of the institute’s inroads to include its various human capital development programmes; accreditation partnership with the National Universities Commission, the National Youth Service Corps, the National Defence College, Abuja and many others.
“NIM recognises and appreciates the fact that the NPC is stimulating productivity consciousness, determining productivity levels and promoting productivity movement in the country for the benefit of all sectors of Nigeria’s economy.
“The importance of your contributions to keeping the wheel of the nation turning cannot be overemphasised and we are particularly happy that under the charge of the present management, you have indeed done well.
“Apart from commending you for your good works, I am here to also appraise you of the Institute’s contributions to nation building and to seek ways we can work together in a mutually rewarding and beneficial way as two forward-looking organizations.
“The institute is proposing to organise tailor-made training programmes for your staff, some of whom our members as well as solicit you to nominate them to always attend our regular human capacity development and learning programmes.
“We humbly solicit that you extend to the NIM the opportunity to contribute to the continued management excellence of NPC through consultancy projects in restructuring, training need analysis and design of in-plant training programmes,” she said.
Responding, the Director-General, NPC, Dr Kashim Akor, confirmed the plan to partner the NIM on capacity building and productivity enhancement in Nigeria.
Akor lauded the leadership of the NIM for its firm commitment to professionalism and managerial excellence in Nigeria. (NAN)
The Nigerian Exchange Ltd. (NGX) continued its bullish trend on Wednesday, gaining N183 billion.
Accordingly, the market capitalisation, which opened at N59.532 trillion, gained N184 billion or 0.31 per cent to close at N59.715 trillion.
The All-Share Index also added 0.31 per cent or 303 points, to settle at 98,509.
68, against 98,206. 97 recorded on Tuesday.Consequently, the Year-To-Date (YTD) return increased to 31.
74 per cent.Gains in Aradel Holdings, Zenith Bank, United Bank For Africa(UBA), Oando Plc, Nigerian Breweries among other advanced equities drove the market performance up.
Market breadth closed positive with 34 gainers and 17 losers.
On the gainers’ chart, Africa Prudential, Conoil and RT Briscoe led by 10 per cent each to close at N14.30, N352 and N2.42 per share, respectively.
Golden Guinea Breweries followed by 9.95 per cent to close at N7.18, while NEM Insurance rose by 9.74 per cent to close at N10.70 per share.
On the other hand, Julius Berger led the losers’ chart by 10 per cent to close at N155.25, Secure Electronic Technology Plc trailed by 9.52 per cent to close at 57k per share.
Multiverse lost 7.63 per cent to close at N5.45, Haldane McCall dropped 6.07 per cent to close at N4.95 and Honeywell Flour shed 5.62 per cent to close at N4.70 per share.
Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 49.44 per cent.
A total of 320.10 million shares valued at N6.48 billion were exchanged in 7,943 deals, compared with 939.41 million shares valued at N12.81billion traded in 9,098 deals posted in the previous session.
Meanwhile, ETranzact led the activity chart in volume with 70.27 million shares, while Aradel led in value of deals worth N1.22 billion.(NAN)
The central parity rate of the Chinese currency renminbi, or the Yuan, weakened 22 pips to 7.1870 against the dollar on Monday.This is according to the China Foreign Exchange Trade System.In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.
The central parity rate of the Yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. (Xinhua/NAN)
Arewa Youths Initiative for Energy Reforms (AYIFER), has urged Nigeria National Petroleum Corporation Limited (NNPCL) to do everything possible to bring Kaduna Refinery back into operation.
National Coordinator of the group, Mr Bashir Al’Amin, stated this in a statement issued on Friday in Abuja.
Al’Amin specifically called on the Chief Executive Officer of NNPCL, Mallam Mele Kyari, to do all within his powers to rejuvenate the refinery and bring it up to global standard.
He said that having delivered the Port Harcourt refinery, coupled with the establishment of Dangote Refinery in Lagos, attention should be shifted to Kaduna refinery for easy spread of petroleum products.
“We are calling on Malam Mele Kyari to expedite action on Kaduna refinery so we can be at par with other regions in the country.
“We equally beg the NNPCL to do professional work in rehabilitating the old refinery and deliver a standard and functional petrochemical refinery and not a blending plant.
“Kyari should resist any temptation that could make him do something that can jeopardise his good image,” he said.
Al’Amin said that since the extinction of groundnut pyramid and textiles in Kano State as well as PAN in Kaduna State and with the Kaduna refinery getting moribund, a lot of youths had lost their jobs.
According to him, all their hopes in the north are tied to the legacy refinery, expressing the hope that God would use Kyari to deliver it well and on time.
He said that the group was solidly behind NNPCL in prayer and would be ready to celebrate the company if its expectations were met. (NAN)
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