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Nigeria’s Unemployment Rate Rises 18.8% as 15.9m Jobless

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By Dipo Olowookere

Data released on Friday morning by the National Bureau of Statistics (NBS) has revealed that in the third quarter of 2017, the unemployment rate in Nigeria increased to 18.8 percent.

This was an increase from 16.2 percent recorded in the second quarter of this year, according to the stats office.

The NBS, in the report, noted that the number of people within the labour force who were unemployed increased from 13.6 million in the second quarter of the year to 15.9 million in the third quarter of same year, with more than two million people unemployed within the period.

This was attributed to the economic recession that saw the nation’s growth decelerate until September 2017 when Nigeria finally exited recession.

Also in the report, the country’s stats agency stated that the number of underemployed increased from 17.7 million in the second quarter to 18 million in period under review.

The report further said economically active or working age population (15–64 years of age) increased from 110.3 million in Q2 to 111.1 million in Q3 2017, while the labour force population increased from 83.9 million in second quarter to 85.1 million in Q3 2017.

The total number of people in full-time employment (at least 40 hours a week) declined from 52.7 million in Q2 2017 to 51.1 million in Q3 2017, it said, adding that total unemployment and underemployment combined increased from 37.2 percent in the previous quarter to 40.0 percent in Q3 2017.

During the quarter Q3 2017, 21.2 percent of women within the labour force (aged 15-64 and willing, able, and actively seeking work) were unemployed, compared to 16.5 percent of men within the same period.

The report also noted that underemployment was predominant in the rural areas as 26.9 percent of rural residents within the labour force in were underemployed compared to 9 percent of urban residents within the same period.

“An economic recession is consistent with an increase in unemployment as jobs are lost and new jobs creation is stalled,” the report said.

“A return to economic growth provides an impetus to employment. However, employment growth may lag, and unemployment rates worsen especially at the end of a recession and for many months after,” it added.

“Nigeria economic growth has been decelerating since Q2 2014 culminating in an economic recession in Q2 2016. The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country gross domestic product (GDP).

“The economic recession was technically over in Q2 2017. However, several economic activities are still contracting or recovering sub optimally.

“The unemployment rate, induced by a recession, typically peaks about 15-18 months after the beginning of a recession or 4-8 months after the end of a recession before it returns to its pre- recession trend.

“This, in the case of Nigeria will be a peak in Q4 2017 which means we will only expect unemployment to return to its normal trend in 2018.

“The length of the lag depends on how deep and long the recession was. It also depends on how stable and fast the recovery is as well as on the economic sectors diving the recovery (labour or capital/technology intensive).

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

Jobs/Appointments

Axxela Appoints Moshood Olajide New CEO as Ononiwu Retires

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Axxela N11.5bn bond

By Adedapo Adesanya

Axxela Limited has appointed Mr Moshood Olajide as its new chief executive, following the retirement of Mr Timothy Ononiwu.

According to the company, Mr Ononiwu retired after attaining the official retirement age, following nearly a decade in top leadership roles, including his time as Chief Financial Officer (CFO) and later GCEO.

Under his leadership as CFO and then later as GCEO, Mr Ononiwu played a pivotal role in strengthening the company’s financial stability, overseeing expansion plans, and fostering strong partnerships across the energy value chain.

Speaking on Mr Ononiwu’s retirement, the Chairman of the board of Axxela, Mr Nzan Ogbe, expressed deep appreciation for his leadership and contributions to the organisation.

“On behalf of the board, I would like to thank Timothy Ononiwu for his commitment and significant contribution to Axxela as Group Chief Executive Officer and, before that, as Chief Financial Officer.

“Axxela has benefitted immensely from his dedication and strategic leadership over the years. His efforts have positioned the company for financial strength and long-term success, and we are grateful for the strong foundation he leaves behind.

“Following Timothy Ononiwu’s retirement, Moshood Olajide will assume the role of GCEO, where he will bring his visionary leadership to guide the company through its next phase of growth. His vast industry experience and deep understanding of the company’s post-divestment strategy position him well to lead the organisation to its next frontier,” he stated.

Reflecting on his retirement, Mr Ononiwu said: “As I begin this new chapter, I do so with immense pride in what we have built together. Leading Axxela has been one of the greatest honours of my professional life. I am deeply grateful to our employees, partners, and stakeholders whose dedication, innovation, and resilience have shaped our success. I remain confident that the strong foundation we have built will continue to drive growth and excellence for many years to come. I look forward to watching the next chapter unfold and wish the entire team continued success.”

The newly appointed GCEO is bringing extensive leadership experience in the energy and infrastructure sectors, with a strong track record in operational excellence, business growth, and strategic transformation, leveraging a legal, accounting, and corporate governance background.

In his new role, Mr Olajide will lead Axxela through its next phase of expansion, focusing on advancing natural gas advocacy, expanding integrated energy offerings, deepening regional market footprint, and accelerating the delivery of cleaner and more reliable energy solutions.

The company also announced the appointment of Ms Yetunde Demuren as Chief Financial Officer, an elevation from her previous role as Head of Corporate Finance and Treasury Management.

She is a seasoned finance executive with nearly two decades of experience in financial strategy, project viability assessment, cash flow planning, and capital management.

Her appointment is expected to further strengthen the company’s financial performance as the company continues to pursue ambitious growth plans and expand its infrastructure investments.

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Nkechi Runsewe Becomes Nigerian Breweries Human Resources Director

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Nkechi Runsewe Nigerian Breweries

By Aduragbemi Omiyale

Mrs Nkechi Runsewe has been appointed as the new Human Resources Director of Nigerian Breweries Plc.

A statement on Friday disclosed that the appointment is effective Saturday, August 1, 2026.

She replaces Ms Grace Omo-Lamai, who will retire from the company on July 28, 2026, after nearly a decade of distinguished service and impactful leadership.

The appointee will play a central role in translating Nigerian Breweries’ EverGreen 2030 strategy into execution by shaping the organisation’s design, leadership behaviours, workforce capabilities and performance systems to deliver sustained volume growth, cost discipline, and repeatable performance.

She joined the organisation from its parent company HEINEKEN, bringing strong global experience in talent management and organisational development.

As Global Head of Talent Management at HEINEKEN, she strengthened leadership pipelines across the business, significantly improving succession readiness and advancing performance and development frameworks across HEINEKEN operating companies.

Since joining HEINEKEN in September 2021, Mrs Runsewe has built trusted partnerships across and beyond the People Function and strengthened global Communities of Practice and is recognised for her collaborative, pragmatic approach to continuous improvement, establishing a strong foundation for her team and successor. Prior to her current role, she served as Regional Talent Lead for the Africa, Middle East, and Eastern Europe (AMEE) Region.

“We are delighted to welcome Nkechi Runsewe to the Nigerian Breweries Management Team at a pivotal moment for our business,” the Managing Director of Nigerian Breweries, Mr Thibaut Boidin, said.

“Nkechi brings deep expertise in talent management and a strong track record of driving high-performance cultures across geographies. Her leadership will be critical as we continue to build a future-ready organisation, strengthen our people capabilities and deliver our EverGreen 2030 ambitions,” he added.

Commenting on her appointment, Mrs Runsewe said, “I am honoured to join Nigerian Breweries at such an important moment in its journey. The company’s strong legacy, combined with its forward-looking EverGreen 2030 strategy, presents a unique opportunity to build an even stronger, high-performing organisation. I look forward to working closely with our teams to strengthen our leadership capabilities, deepen our talent pipeline, and foster a culture where our people can thrive and deliver sustainable growth for the business.”

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How Do Large Companies Manage Employee Contact Information Efficiently?

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HR information systems

When a Fortune 500 company onboards 500 new employees in a single quarter, managing their contact information becomes a logistical challenge that can make or break internal communication. Traditional methods of distributing business cards and maintaining contact databases often fall short, leading to outdated information, wasted resources, and frustrated employees trying to connect with colleagues across departments.

The digital transformation of contact management has revolutionized how large organizations handle this critical aspect of business operations. From cloud-based directories to mobile-first solutions, companies are discovering new ways to ensure their teams stay connected efficiently.

The Scale Challenge: Why Traditional Methods Fail

Large corporations face unique challenges when managing employee contact information. A company with 10,000 employees might experience a 15-20% annual turnover rate, meaning they’re updating information for 1,500-2,000 positions yearly. Add in role changes, department transfers, and office relocations, and the volume of updates becomes staggering.

Traditional paper business cards present several problems at scale:

  •       Average cost of $200-400 per employee annually for printing and reprinting
  •       3-4 week lead times for new cards when information changes
  •       Environmental waste from outdated cards
  •       No way to track distribution or usage
  •       Impossible to update recipient’s saved contacts retroactively

Email signature management also becomes complex when multiplied across thousands of employees, with inconsistent formatting and outdated information creating a fragmented brand experience.

Modern Solutions: Digital-First Approaches

Leading organizations have shifted to digital contact management systems that offer real-time updates and centralized control. These platforms typically include:

Cloud-Based Employee Directories

Enterprise directory solutions integrate with existing HR systems to maintain accurate, searchable databases of employee information. These platforms often sync with Active Directory or LDAP systems, ensuring changes propagate automatically across the organization.

Digital Business Card Platforms

Modern digital business card solutions for teams allow companies to deploy hundreds of cards in minutes through bulk import features. Unlike traditional cards, digital versions update instantly across all shared contacts, eliminating the cascade of outdated information that plagues physical cards.

Mobile Contact Management Apps

Companies are increasingly adopting mobile-first solutions that allow employees to share and update contact information directly from their smartphones. The best platforms work without requiring recipients to download apps, reducing friction in the sharing process.

Security and Compliance Considerations

Enterprise contact management isn’t just about convenience—it’s about protecting sensitive employee data. Large companies must consider:

  •       Data sovereignty requirements for multinational operations
  •       GDPR compliance for European employee data
  •       SOC 2 certification for vendor platforms
  •       Role-based access controls to limit information exposure
  •       Audit trails for tracking access and changes

Security-conscious organizations look for platforms with enterprise-grade certifications and clear data handling policies. The ability to control what information different employee groups can access becomes crucial for maintaining privacy while enabling collaboration.

Integration with Existing Systems

The most successful contact management implementations integrate seamlessly with existing enterprise tools. Key integration points include:

HR Information Systems (HRIS)

Automatic synchronization with platforms like Workday, SAP SuccessFactors, or BambooHR ensures contact information stays current without manual intervention. When an employee’s role changes in the HRIS, their contact details update everywhere automatically.

Customer Relationship Management (CRM)

Sales teams benefit from integration between contact management and CRM systems. When customer-facing employees update their information, it flows directly to Salesforce, HubSpot, or Microsoft Dynamics, maintaining consistency across customer touchpoints.

Communication Platforms

Integration with Microsoft Teams, Slack, and email clients ensures employees can access colleague information within their daily workflow. Some platforms even enable direct contact sharing within these communication tools.

Measuring Success and ROI

Forward-thinking companies track specific metrics to evaluate their contact management effectiveness:

  •       Time to productivity for new hires accessing colleague information
  •       Reduction in IT tickets related to contact updates
  •       Cost savings from eliminated printing and distribution
  •       Employee satisfaction scores regarding internal communication
  •       Compliance incidents related to outdated contact information

Companies using comprehensive digital contact solutions report average time savings of 5-10 hours per employee annually just from reduced contact management friction. For a 5,000-person organization, that translates to 25,000-50,000 hours of recovered productivity.

Best Practices for Implementation

Successfully transitioning to modern contact management requires thoughtful planning and execution. Organizations should consider these proven strategies:

Phased Rollout Approach

Rather than attempting company-wide implementation immediately, successful organizations often start with pilot programs in specific departments. Sales teams, with their high external contact needs, often serve as ideal early adopters who can demonstrate value to other departments.

Change Management and Training

Employee adoption improves dramatically with proper training and communication. Companies should emphasize the personal benefits—like never having outdated colleague contacts—alongside organizational advantages.

Clear Governance Policies

Establishing policies around information updates, access levels, and usage guidelines prevents confusion and ensures consistent implementation across departments.

The shift to digital contact management represents more than a technology upgrade—it’s a fundamental improvement in how large organizations enable employee connections. As remote and hybrid work models become permanent fixtures of the corporate landscape, efficient contact management will only grow in importance. Companies that invest in modern solutions today position themselves for more agile, connected operations tomorrow.

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