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TerraPay Recruits New Executives Despite Global Job Crisis

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By Adedapo Adesanya

Digital payment service, TerraPay, amid pay cuts and retrenchments in the globe, has announced the recruitment of six senior level positions across North America, East-Africa, Middle-East and Asia as it strengthens its services globally.

Despite the worldwide uncertainty caused by the coronavirus pandemic, TerraPay is showing how the company is very well placed to combat the challenges posed during the current world crisis.

Backed by Prime Ventures, Partech and IFC, which invested $9.6 million in March, the company has improved and continued to set up digital payments infrastructure across the globe since 2015.

This new fund has since put TerraPay in a good position to continue to help its partners to allow their customers to send real time digital remittances to their loved ones globally.

Speaking on this, Mr Ambar Sur, founder and CEO of TerraPay commented, “We understand that we have a huge role to play when it comes to making sure that the money keeps flowing across borders despite the restrictions.

“The seamless flow of payments and remittances is our way of serving the financially underserved and disadvantaged during these difficult times.”

And speaking on the appointment, he said, “We are using these times to ensure that we build our capabilities in this new world order and in order to do that I am very happy to announce the addition to the TerraPay family in North America, East-Africa, Middle-East and Asia.”

“These announcements are also a statement of belief in our business model of digital payments away from cash which we have been pursuing since inception and which has been backed up by institutions like IFC, Prime and Partech.” he added.

The company has created digital payments infrastructure across more than 100 countries and during the current pandemic when the cross border remittances become the biggest source of income and survival for the households.

TerraPay has been actively working with its partners to ensure that the money can be sent directly into the mobile wallets and bank accounts.

It uses its licenses in more than 14 countries around the world and partnerships with Mobile network operators, banks and money transfer operators to ensure that the money keeps moving even if people can’t.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Jobs/Appointments

Olumuyiwa Olumekun Commences Duty as NAHCO CEO

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NAHCO stocks

By Adedapo Adesanya

The Nigerian Aviation Handling Company PLC (NAHCO Aviance) has announced the appointment of Mr Olumuyiwa Olumekun as its new chief executive, with effect from January 1, 2025, following the retirement of Mr Indranil Gupta.

Mr Gupta concluded his tenure as the company’s CEO on December 31, 2024, marking the end of an era that saw growth under his leadership.

The company’s announcement, delivered via a notice to the Nigerian Exchange (NGX) Limited, confirmed the board’s approval of Mr Olumekun’s appointment.

He brings over three decades of leadership experience, which will help steer NAHCO through its next phase of growth. His career at the company includes key roles such as Group Executive Director of Corporate Services, where he played an instrumental part in driving the company’s 2019–2023 strategic plan.

This plan resulted in a 300 per cent increase in profitability. He brings his experience in business development and commercial strategy to bear.

His previous tenure as Acting Managing Director and Executive Director of Corporate Services contributed to the development of NAHCO’s operational success and long-term strategic direction.

Mr Olumekun also led the company’s efforts in driving new business opportunities during his leadership of the Commercial and Business Development sectors in 2019.

Since retiring from his active role at NAHCO in 2022, he has continued his involvement in the company as a non-executive director on the boards of its subsidiaries, helping guide their growth.

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Shell, Partners Absolve 49 Graduates After Internship

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NCDMB PETAN SPDC JV Graduate Internship programme

By Aduragbemi Omiyale

No fewer than 49 young graduates have been employed in the oil and gas sector after completing an internship programme, which began in 2022.

A graduation ceremony was held for them recently in Port Harcourt, Rivers State after finishing the NCDMB/PETAN/SPDC JV Graduate Internship programme, which has benefitted about 170 young graduates.

The initiative was created by the Shell Petroleum Development Company of Nigeria Ltd (SPDC) Joint Venture in collaboration with the Petroleum Technology Association of Nigeria (PETAN) and the Nigerian Content Development and Monitoring Board (NCDMB).

During the internship, the fresh graduates are attached to indigenous technical oilfield service companies in the upstream and downstream sectors for hands-on experience.

The scheme, which was established in 2014, has been lauded as a key human capital development initiative which is central to the promotion of Nigerian content in the oil and gas industry.

At the graduation ceremony this month, the chairman of PETAN, Mr Wole Ogunsanya, commended Shell for supporting the programme which is helping to build local manpower for a critical sector of the economy.

The General Manager for Nigerian Content at SPDC, Mr ‘Lanre Olawuyi, said: “The internship is more than a learning opportunity. It provides fresh graduates with technical expertise, equipping them with the practical skills needed to excel in their careers.

“It aligns with SPDC’s broader educational initiatives, contributing significantly to the actualisation of the UNESCO Education for All agenda and the Sustainable Development Goals in Nigeria, particularly in the Niger Delta.

“We owe the success of the programme to the untiring support of our JV partners, the Nigerian National Petroleum Company Limited (NNPC,) TotalEnergies and Nigerian Agip Oil Company Limited for which we’re grateful.”

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Interocean Hires Robert Dalziel to Drive Middle East Growth

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Robert Dalziel Interocean

By Aduragbemi Omiyale

Mr Robert Dalziel has been picked to be the new Managing Director of Interocean Marine Services, as part of the strategies of the company to drive its growth in the Middle East and Asia Pacific (APAC) region.

A statement disclosed that Mr Dalziel was chosen for the task because of his in-depth understanding of Interocean’s operations and strategic objectives.

It was stated that his leadership would ensure a seamless transition into this new role, reinforcing the company’s commitment to delivering an integrated technology-led, asset support service.

He joined the organisation in December 2024. He had been the chief executive of Rigmar Group, which recently merged with Interocean, a specialist provider of marine services to the global energy industry.

He comes with nearly 30 years of engineering and business development expertise within the energy sector.

His extensive technical knowledge, coupled with a proven track record in commercial strategy, will be pivotal in driving Interocean’s ambitious growth plans across the Middle East and North Africa (MENA) and Asia Pacific (APAC) regions.

“We are thrilled to welcome Robert to the team. His exceptional leadership and proven success in driving business growth will be invaluable as we enhance our market presence, and continue to deliver exceptional service to our clients across the region,” the chief operating officer of Interocean, Mr Alex Clark, commented.

The appointee, while speaking, said, “I am absolutely delighted to be rejoining Interocean during this exciting period of growth.

“After nearly 10 years, it was a fantastic opportunity to be involved in the next evolution of the business. The company’s commitment to innovation and its client-centric approach is inspiring.

“I look forward to working with the talented team to drive continued growth and strengthen our position internationally.”

In line with its international expansion, Interocean is growing its MENA & APAC business, with plans to increase its regional presence in five new regions.

This investment demonstrates the company’s dedication to supporting both current and future projects while strengthening its regional capabilities.

Looking ahead to 2025, the company will continue to deliver a comprehensive range of project solutions that encompasses everything from planning, design, and installation to operational maintenance and decommissioning.

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