Job Search Business News

Layoffs for Christmas? Nigeria’s Banks to Sack 5,000 This Week; Massive Retrenchments Continue in the Nigerian Banking Sector

LayoffsThere are strong indications that the on-going wind of massive job cuts in banks will blow unabated before the end of the year.

Investigations by the Nigerian Tribune indicated that apart from the two banks that sacked over 4,000 workers over the weekend, four banks have also concluded plans to distribute sack letters today.

Nigerian Tribune learnt that two of the four banks fall in the category of those declared safe and sound by the recent special audit instituted by the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC). Read the rest of this entry »

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Nigeria’s Returning Entrepreneurs: Horizon Capital Investment (HCI) & Veda Technology

Kabir Audu has returned to Nigeria after working on Wall Street

Kabir Audu has returned to Nigeria after working on Wall Street

Kabir Audu is a very successful Nigerian. He’s 30. And he has an idea.

“It was Ben Gurion in the late 1940s,” he says.

“He called on Israelis around the world to come home. To build an Israel greater than their wildest imagination.”

He pauses.

“We see Nigeria every day – tremendous talent, this tremendous potential. Imagine if it’s wielded toward one vision.”

Kabir and his friend Tunji Abdul are living proof of Nigeria’s mass migration homeward.

Both were making a fortune on Wall Street. Both were bored. They launched Horizon Capital Investment (HCI). Read the rest of this entry »

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Careers in Africa: International Firms to Converge in London Seeking Top African Talent

Global Career CompanyAs an indication of optimism in the market, leading companies like Ecobank, Halliburton, and Total will be congregating in London to secure talented professionals for their operations across Africa at the Careers in Africa Recruitment Summit from 30 October to 1 November.

This will be the second edition of the Summit this year following a very successful event in May. Kabeho Solo, Chief Human Resources Officer at National Microfinance Bank of Tanzania says “This event continues to be a source of high caliber talent from diverse backgrounds.” Read the rest of this entry »

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White South Africans Feel Pull of Home

Cape Town life: some younger professionals take a more realistic view of their country’s prospects

Cape Town life: some younger professionals take a more realistic view of their country’s prospects

After 15 years in London, Willem De Klerk was apprehensive when he came home to South Africa at the end of last year.

“When I raised it with my friends they told me I was making the biggest mistake of my life,” says the 41-year-old former civil servant. However, it has not taken him long to realize he made the right decision.

“Life in the UK has got very hard and in the last six months we found it impossible to break even,” says Mr De Klerk, who says he, his wife, and small child opted to swap their house outside London for a property three times as big near Pretoria, South Africa’s capital.

“We liked what we could get for our money here and are doing better than we have ever done before in our lives,” he says.

Mr De Klerk may be part of a growing trend. A year ago, with power cuts, xenophobic violence, persistently high crime, and political uncertainty contributing to a mood of near despair in better-off suburban areas, it appeared that white South Africans could not get out of the country quickly enough. Read the rest of this entry »

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African Virtual Job Fair Attracting U.S. Firms & Organizations Recruiting to Support New and Expanding Business Operations Across Africa

Zebra JobsZebrajobs.com and the Corporate Council on Africa (CCA) have spearheaded the inaugural African Virtual Job Fair (AVJF) to support the recruitment needs of U.S. and other international companies and organizations doing business in Africa. The African Virtual Job Fair will draw job seekers from around the globe as well as Africans in the Diaspora for career opportunities with public and private corporations and organizations operating across the continent. Read the rest of this entry »

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Global Downturn Hastens Nigeria’s ‘Brain GAIN’ (Yes, Brain GAIN not Brain Drain)

Stock Exchange“It’s very addictive – the notion people are walking around in Lagos thinking ‘we can do anything’ … Sometimes it’s laughable, particularly when you look at things through British eyes. But when you see some of these laughable stories come true, you start to question yourself.” — Olumide Bolumole, a Nigerian London-based former employee of hedge fund De Putron Fund, who has returned back to Lagos

Bread-and-butter pudding does not usually feature on menus in Lagos: pounded yam and peppered snails are more common fare.

Yet for Olumide Bolumole, the stodgy English dessert is one of the things he misses about the UK since quitting his job at a hedge fund to carve a new niche in the city of his childhood. Read the rest of this entry »

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VIDEO: Trading Places – From New York to Lagos

Financial Times video interview of Akin Akinola, a Nigerian, who left his New York-based Investment Banking job to return to Lagos, Nigeria, to enhance his career.

The largest sectors in Nigeria, from a hiring perspective, remain Banking, Telecommunications, and Oil and Gas.

See CNN video about Nigerians moving back home to work

Source(s): Financial Times

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VIDEO: Jobs in Nigeria – Nigerians Moving Back Home to Work

Driven by the global economic recession, Nigerians who emigrated to the West, to take up job opportunities in Nigeria’s developing economy, are now coming home. Good stuff. Read the rest of this entry »

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