Sunday, February 28African Business News
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Tag: coronavirus Nigeria

‘Post COVID-19 Palliatives for Businesses Inevitable

‘Post COVID-19 Palliatives for Businesses Inevitable

Business
To enable business organisations retain their workforce and to stimulate economic activities, the federal government must adopt strategic ways to provide palliatives to these businesses through the Central Bank of Nigeria (CBN). The Chief Operating Officer of Dana Air, Obi Mbanuzuo, stated this to THISDAY in Lagos. He explained that this would be the only way airlines would save jobs and not push teeming youths into the unemployment market, which is already saturated. He observed that airlines in scheduled commercial operation and general aviation employ over 4000 workers, which may shade about 50 per cent of the workforce in order to survive; unless government provides palliatives through soft loans, grants and waivers. Mbanuzuo said it was not likely that any airline would beco...
Virtual Conferencing Seen Limiting Air Travel Post COVID-19

Virtual Conferencing Seen Limiting Air Travel Post COVID-19

Aviation
Before the global lockdown of socio-economic activities due to coronavirus (COVID-19) pandemic, corporate organisations and other businesses often engage in virtual conferencing, where officials connect to each others through the internet and hold virtual meetings. Some of the officials could be at different parts of the world but connected together through the virtual platform. This used to be alternative choice for organisations, but it became inevitable for some businesses since the COVID-19 lockdown because there is restriction on movement and there are no scheduled international flights, so internet conferencing has become the choice. Aviation experts have predicted that this method of meeting would continue after the pandemic and it would cut down air travel, which would ov...
Operators urged to develop robust risk framework, hedge effect of pandemic

Operators urged to develop robust risk framework, hedge effect of pandemic

Business
Operators have been urged to develop and implement a robust enterprise risk management framework that covers business continuity and disaster recovery planning. This is expected to help reduce the effect of the recent happenings in the global arena on businesses. Moreso, businesses that already have a framework in place should seek periodic independent assurance on its effectiveness. In its biennial Risk Management survey report (‘the report’) titled ‘Top 10 Business Risks in Nigeria for 2020/2021, KPMG Professional Services stressed the need for business managers to develop and implement a robust enterprise risk management framework that covers business continuity and disaster recovery planning. The report also indicated that those that have a framework in place should seek peri...
Farmers Seek FG’s Support to Avert Food Crisis

Farmers Seek FG’s Support to Avert Food Crisis

Agriculture
The President, Maize Association of Nigeria (MAAN), Dr. Bello Abubakar, has called on the federal government to provide palliatives for maize farmers to help them meet a 22 million metric tons target for the year. He said the intervention was particularly necessary for the country to avert a food shortage resulting from the adverse impacts of the COVID-19 pandemic in the country. In an interview with journalists in Abuja, over the weekend, he noted that maize farmers had continued to express concerns over the inability to access their farms due to the lockdown and unavailability of inputs, especially the suspension of flight into the country which had also delayed importation of inputs. Abubakar, further urged the government to set up a committee that can liaise with the commodit...
Mandilas Supports Lagos Isolation Centre

Mandilas Supports Lagos Isolation Centre

Economy
As part of her contributions in support of government’s effort towards mitigating the spread of the COVID-19 pandemic in Nigeria, the Mandilas Group Limited, the sole franchise dealer of carrier air-conditioners in Nigeria, has donated air conditioners in support of GTBank’s effort to create a 100-bed isolation centre at Onikan, Lagos. The company made this known in a statement issued in Lagos. It disclosed that its team recently started free installation of 32 carrier ceiling concealed ducted air-conditioning units at the newly set up isolation centre. The Group Chief Executive Officer, Mandilas Group Ltd, Ms. Ola Debayo-Doherty commended the Lagos State government’s efforts in combating the spread of the virus and lauded the partnership with GTBank. “We are very proud to partner w...
Miners’ association suspends operation to limit COVID-19 spread

Miners’ association suspends operation to limit COVID-19 spread

Business
To further reduce the spread of COVID-19, the Miners Association of Nigeria (MAN) has suspended mining and allied activities in Nigeria until further notice in the interest of the public.  The directive, the group said is imperative given the volatility of social interactions in mining communities, and the high rate of mobility of mineworkers, even across the borders, adding that window of entry of the virus into any of its minefields may impact efforts at curbing the spread. National President, MAN, Kabiru Mohammed and Secretary, Dele Ayanleke, said the decision was taken in the best interest of the public and to assist government, health authorities and all stakeholders fight the deadly disease ravaging the country. The association noted that due to the nature of minin...