By Modupe Gbadeyanka
Rising from a meeting in Abuja on Tuesday, Governors of the 36 states of the federation have announced N22,500 as the amount they can pay workers as minimum wage.
Business Post reports that the meeting, which was held this evening, lasted about three hours.
The meeting was conveyed under the umbrella of the Nigeria Governors’ Forum headed by Governor Abdul Aziz Yari of Zamfara State.
It would be recalled that the labour unions agreed with the N30,000 minimum wage proposed by the organised private sector.
The present minimum wage in Nigeria is N18,000.
NW Tech Capital Appoints Stella Damasus to Help Boost African Expansion
By Adedapo Adesanya
Nigerian veteran actor and singer, Stella Damasus, has been appointed as the lead Consultant for talent acquisition of Las Vegas-based company, NW Tech Capital (NWTT) Beauty and Wellness division in its African expedition.
In a statement, the company said, “NW Tech Capital and TROPICSLAB is pleased to announce that award-winning Nollywood celebrity Stella Damasus, has joined us, as lead Consultant for talent acquisition of the company’s Beauty and Wellness division in its African expedition.”
It was disclosed that she will be tasked with the responsibility to expand the company’s tentacles by acquiring the best talents to fulfil the vision of establishing a flurry of high-end celebrity cosmetic brands across Africa.
NW Tech Capital, a publicly traded diversified holding company that was founded in 1996, is actively involved in the acquisition and investment of small, mid-size, and development-stage private businesses in varied industries.
Based on Tropicslab’s clinically tested formula, over the next five years, NWTT projects to invest at least $100,000,000 in Africa, in Skincare research and development, manufacturing, distribution, and marketing, to generate substantial revenue for our shareholders and to help combat skin cancer for people of colour.
Speaking on the projection, NWTT CEO Mr Cedric Yengo said – “Stella brings with her a wealth of experience and refined skill in talent acquisition that is almost unparalleled in today’s market.
“With her extensive connections in the industry and her acumen for strategic alliances, we believe that Stella will help us to position ourselves as the premier Beauty and Wellness Company, in the nearest future”.
According to Ms Edith Delight CEO of Tropicslab, “The Task Force led by Stella Damasus will begin accepting applications from celebrities immediately, for the creation of high-end celebrity cosmetic brands”.
Orazulike Joins Ecobank Nigeria Board as Non-Executive Director
By Modupe Gbadeyanka
A seasoned business magnate, corporate administrator and philanthropist, Mr Nnaeto Orazulike, has been appointed to the board of Ecobank Nigeria Limited as a non-executive director.
A statement from the financial institution disclosed that the appointment of the founder and Group Managing Director of Genesis Group took effect from April 2022.
Genesis Group is a Nigerian conglomerate with interests in restaurants, cinemas, hotels, food production and oil & gas services and production.
The businessman would be expected to the board his wealth of experience from similar positions in the past as he had previously served on the board of Fidelity Bank Plc between 2008 and 2017.
He is the National Chairman of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture Trade Group on Tourism and Hospitality. He also currently sits on the boards of various companies and organizations including Shelf Drilling Nigeria, West African Metal Processing Co. Ltd., Fate Foundation, and Spiritan University, Nnochi Imo State.
Mr Orazulike is a graduate of the University of Nigeria with a Bachelor of Science in Accounting degree and an alumnus of Harvard Business School, Executive Training Program. He was also awarded the prestigious Honorary Doctor of Science degree by the University of Port Harcourt in 2015
It was stated that he was picked for this position because he has distinguished himself as a leader in his various endeavours, pioneering and promoting professions through the growth of indigenous talents in Nigeria and beyond.
It was said that the appointee embodies the pan-African vision of the bank and brings with him the wealth of experience, professionalism, and integrity which has earned him national and international acclaim.
Adewale Oyerinde Takes Over as New NECA DG
By Adedapo Adesanya
The Nigeria Employers’ Consultative Association (NECA) has appointed Mr Adewale Oyerinde as the Director-General of the association, effective on Monday, August 1, 2022.
NECA’s President, Mr Taiwo Adeniyi, made this known in a statement on Sunday in Lagos.
The position of Director-General became vacant following the demise of late Dr Timothy Olawale in September 2021.
Mr Adeniyi said that Mr Oyerinde was expected to build on the legacies of professionalism and excellent service that the association was known for and take it to greater heights.
Prior to his ascension, Mr Oyerinde was the Deputy Director and Head of Membership Services of the association.
Mr Oyerinde joined NECA in 2010 and has worked in various capacities in the Social, Economic and Labour Affairs Department and also the Learning and Development Department of the association.
He has over 16 years of experience in Industrial and Human Resources (HR), Business Development, Stakeholders Management and key areas of Employers’ Federation/Business Membership Organisation Management.
Mr Oyerinde, according to the statement, is an HR thought-leader and International Labour Organisation (ILO) trained Master Trainer
He is also a United Nations Industrial Development Organisation-trained ISO 9001:2015 (Quality Management System), ISO 1400:2015 Lead Auditor.
Mr Oyerinde holds a Bachelor’s and Master’s degree in Industrial Relations and Personnel Management from the University of Lagos. He is an alumnus of the International Training Centre of the ILO and a full member of the Chartered Institute of Personnel Management (CIPM), among others.
Latest News on Business Post
- SFS Capital Unveils App for Easy Mutual Fund Investment August 15, 2022
- Interswitch Launches API Platform for Developers August 15, 2022
- Meta Warns Users About Malware in Fake YouTube, WhatsApp Apps August 15, 2022
- Oyoko Primary School: An Avoidable Saga August 15, 2022
- Exxon Mobil Extends OMLs 133, 138 Deals in Nigeria for 20 Years August 15, 2022
- Russia Scrambles for Higher Performance Marks in Africa August 15, 2022
- Second CMC Meeting of SEC in 2022 Holds Thursday August 15, 2022
- Old English Supermarket Opens New Outlet in Surulere August 15, 2022
- Nigeria’s Inflation Jumps 17-Year High to 19.64% August 15, 2022
- Four Ways Young Nigerians Can Enhance Their Digital Skills for Free August 15, 2022