Jobs Npower Exited Beneficiaries Can Start
Following the Federal Government’s decision to let go of Batch A and B beneficiaries of the N-power program, it is important they engage in something productive and viable now that their monthly stipend has been stopped.
Investors King, that has been advocating for permanent placement for both exited batches, has compiled jobs exited beneficiaries can start doing or learn to do pending when the government will finalise their plans for permanent placement if they ever will.
First is self-assessment, what skills do you have or what do you have passion for? You need to know your strengths and weaknesses to venture into our list of businesses as it would help you better navigate the usual challenges that come with startups or self-employment. Nobody said is going to be a walk in the park.
Also, a lot of exited beneficiaries have skills they have not monetised or don’t know how to turn them to money just yet. Therefore, it is imperative to conduct a personal evaluation before venturing into another training when this set of people can focus on monetizing present skills. Please note that it does not matter what kind of skill you have, everything is sellable with the right strategy and approach.
Here is a list of jobs exited beneficiaries can start.
There are several Nigerians freelancing for businesses abroad and are earning a reasonable amount, especially with the Naira-dollar exchange rate at N386 (bank rate) and N465 on the black market.
How Can You Become a Freelancer
This is why I said self-assessment is imperative as you will need a skill to sell to potential clients in order to earn money online. The easiest, perhaps the most common is writing articles and creating content for businesses that are looking for creative writers to craft a unique content or tell a story that sells their brands better.
However, there are other jobs like administrative role, where you work with businesses or become a Personal Assistant to an executive person and help them with administration, like get there schedules right, remind them of appointments, fill orders, call clients, send emails, reply emails and do other administrative jobs for a salary. Please note that while this seems easy it is not as most of these businesses and executives prefer persons that are conversant with excels (expert level), ms word, google documents, pdf to word conversion etc.
Also, there are freelance jobs for graphic designers, app developers, programmers, web developers etc. if you already have the skills and if not, you may want to get one.
How Do You Apply for Jobs or Register for Offers
Open an account on any or all of the listed websites with a unique profile that sells your offerings.
This is perhaps the easiest niche exited Npower beneficiaries with little cash can get into and start making money because of the huge demand.
First, what is currency exchange? A currency exchange business is a business that sells and buys currencies. However, in this case, we are buying and selling digital currencies but the concept is not different from the regular bureau de change but easier given that all you need is your phone and to set up an account on free forums or join groups were people trade digital currencies like Bitcoin, Perfect Money, Payoneer, PayPal, etc without regulatory approval. It is a peer-to-peer business.
Like I always say, your biggest money is in the informal sector also known as the underground economy or gray economy. It is gray because despite its huge potential, it is not classified as a normal source of income. The next question is how do you get involved.
How to Start a Currency Exchange Business
Open bitcoin wallets on blockchain, LocalBitcoins and other bitcoin wallets. Also, open a perfect money account and set up a Paypal that can send and receive money in Nigeria (contact me on how to open it).
If you already have an account on Nairaland join currency exchange thread or sign up to join the forum so you can participate in trading. Also, join various chat groups of currency traders and post on your WhatsApp status, you will be shocked at the number of people that deals in digital currencies or those looking to sell their earnings from Fiverr and Upwork. I buy from them too and pay them in Naira.
To be self-employed, you have to be creative. A lot of unemployed graduates think they need a shop or fancy space to get started. However, what I found out is that you only need your present space, yes that current place you live!.
Do a feasibility study to assess your vicinity and bridge the gap between eating out and having nicely prepared food delivered at home within a few minutes.
I discovered that most people that eat out, especially during this raining season won’t mind home delivery with extra cost.
Also, note that you do not need millions, you need just a few thousand to do flyers, buy takeaway packs and ingredients. Gbam off you go!.
This is one of the easiest services to start but can be a bit tough without a washing machine. Still, if you are not scared to wash jeans, clothes and even rug this might be it for you.
As important, simple and in demand as dry cleaning service is, it is not readily available in most localities. Therefore, Npower exited beneficiaries can address this need by adding a little bit of class to the traditional dry cleaning service and make adjustments as they evolve in the business.
Foreign exchange trading is the world’s largest market with over $5 trillion daily turnovers. Yes, you’ve heard that much before but also it is the most complicated and tough market to trade if you do not have the right instructor to walk you through market complexity.
However, this same complicated market holds numerous potential and after almost 20 years in the global financial market, I can tell you with the right training, discipline and dedication you can earn a living from foreign exchange trading.
If you want to learn how to trade forex ‘PROFESSIONAlly’, please note the word professionally, get in touch with me. I used the word professionally because the name forex has been bastardised in Nigeria, therefore, undermining the numerous opportunities in the forex market.
I will not just teach you how to trade but teach you how to be a real student/analyst of the market. This will give you an opportunity to be both an analyst and also a trader like myself and work for companies like investorsking, nairametrics, businessday, etc if you enjoy breaking down market complexity in a unique way. A clue, Nigeria has a lot of journalists but not a lot of business analysts/ writers that are now in demand.
You can contact me via firstname.lastname@example.org.
Economists Evaluate Nigeria-China Currency Swap
Some Financial Economists have expressed great concerns about the minor influence that the Nigeria-China currency swap had on the country’s economy, three years after.
The experts told the News Agency of Nigeria (NAN) in Lagos on Friday that the volume of currency import so far traded had not been significant, though a few swaps took place.
The pact which marked three years of implementation in April was signed on April 27, 2018, to ease demand pressure on the country’s supply of foreign exchange.
The Chief Executive Officer of Arvo Finance, Mr. Ayotunde Bally, said that the pact had not been fully utilised due to a decrease in the drawdown of the money input of the Chinese Yuan to the Central Bank of Nigeria.
“This pact which was aimed at creating a harmonious relationship between the two countries has not been utilised as it ought to be. Statistics have it that Nigeria-China bilateral trade which was around 2 billion dollars in 2002 is within the space of about 14 billion dollars in contemporary years. And yet, we cannot boast of about three billion dollars Yuan being utilised in such market transaction,’’ he said.
According to Bally, that has clearly displayed the negligence of the pact by most business importers
He said the poor state of the pact was due to ignorance and the benefits of the pact to those who utilise it.
“Also, the deliberate avoidance of the pact by those who believe transactions are easier with dollars or some other methods like Bureau De Change among others. Even those who know about the pact but avoid it, indicating that it is not lucid and that the regulations and procedures are rigid to them,” he told NAN.
He advocated massive sensitisation on the usefulness of the pact to both the business individuals and the country at large.
Mr. Johnson Chukwu, Founder of Cowry Asset Management Limited, also said that the pact recorded minimal benefit to the economy.
“If you look at our demand for foreign exchange particularly for imports, you will observe that we still have pressures coming from import demand. China is our biggest trading partner and our largest import market.
“We bought more products from China than any other country in the world. So, if the currency swap has been very significant, then the pressures we are witnessing on the balance of trade would have been abated.
“So, I do not think the volume of currency import has been significant. Certainly, there must have been a few swaps that have taken place since then but it is clearly not significant because if it was, it would have reflected in our balance of trade,” Chukwu said.
According to him, China accounts for more than 25 percent of our imports; so we should not have a currency swap that delays immediate payments of our foreign reserves.
Also, Prof. Ndubisi Nwokoma, Director, Centre for Economic Policy Analysis and Research (CEPAR), University of Lagos, said that the swap deal had a positive impact on the naira exchange rate with major currencies.
“The Nigeria-China currency swap deal, according to reports, has some positive impact on the stability of the naira exchange rate with major currencies. But, its effect is limited by the volume of trade between Nigeria and China.
“With the decline in global productivity occasioned by the COVID-19 pandemic and other factors, the effect appears not to have achieved the originally intended objectives.
“Nigeria has been bedeviled by other economic challenges. The current sorry state of the country’s exchange rate is quite instructive in this regard,” Nwokoma said.
Unilever Nigeria to Create New Company For Tea Business
Unilever Nigeria Plc announced on Friday that its Board of Directors had approved the steps required to implement the separation of its tea business in Nigeria.
The approval on April 30, 2021, followed the announcement made on Feb. 25 about Unilever Nigeria’s planned separation of its tea business as part of the global separation, according to a statement obtained from the Nigerian Exchange Limited.
The company noted that on 23 July 2020, following the completion of a strategic review, Unilever Plc announced its intention to separate its global tea business, including the retail and food solutions businesses, plantations, T2 and Pukka.
It said, “Subject to approval by the company’s shareholders and any regulatory approvals, the Nigeria Tea Business will be transferred to a newly incorporated tea company in Nigeria (New TeaCo), held under a newly incorporated tea holding company to create a dedicated tea group within the Unilever Group (TeaCo Group).
“The assets being transferred by Unilever Nigeria Plc to New TeaCo include production assets and other tangible assets used exclusively in relation to the tea business; distribution rights to tea products in Nigeria and export markets; and locally owned unregistered intellectual property rights.”
According to the statement, Unilever Nigeria will retain ownership of the site at Agbara.
“Unilever and Unilever Nigeria Plc will also provide certain intercompany services to the New TeaCo and the TeaCo Group for a transitional period,” it said
Nigerian Breweries Picks Hans Essaadi to Replace Borrut Bel as MD/CEO
Nigerian Breweries, the largest brewing company in Nigeria, has appointed Mr. Hans Essaadi as the Managing Director and Chief Executive Officer (CEO) effective 31st, July 2021.
Mr. Essaadi will replace Mr. Jordi Borrut Bel, the current Managing Director and Chief Executive Officer of Nigerian Breweries who will be completing his tenure on the 30th of July, 2021.
Mr. Borrut Bel is expected to take up another assignment within the Heineken Group, hence why the Board accepted his letter of resignation.
Mr. Hans Essaadi Profile
Mr. Essaadi, is currently the Managing Director of Al Haram Beverages, the HEINEKEN Operating Company (“OpCo”) in Egypt and joined the HEINEKEN Group as a Sales Representative in 1991.
He subsequently took up increasingly senior roles within the Group in Sales, Export and Marketing. He commenced his international career with HEINEKEN Puerto Rico as the Country Manager, and thereafter became the General Manager, Brau Union International, the HEINEKEN OpCo in Austria.
Before his current role in Egypt, he was General Manager, Siroco (the HEINEKEN Joint Venture with the Emirates in Dubai) and Managing Director, HEINEKEN Malaysia Berhad, a listed company in Malaysia.
The Board is pleased to have a person of Mr. Essaadi’s experience and knowledge to take up the position of Managing Director/CEO of the Company and to continue the turnaround work started by Mr. Borrut Bel.
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