Business Opportunities in Nigeria and Across the World

Read this story culled from tori.ng   "First Bank Nigeria Limited has officially announced its plan to cut about 1000 jobs and focus less on providing loans to the oil industry in a bid to reverse the 2015 financial year's 82 per cent slump in profit. First Bank building   Speaking to Bloomberg in Lagos, Adesola Adeduntan, the chief executive officer of First Bank of Nigeria, has said that one thousand (1,000) staff of the bank will lose their jobs as the bank expects to boost its return on equity (ROE) – a key measure of profitability, to between 11 percent and 14 percent in 2016 from from last year’s 'really bad' figure of three per cent.   Below is how Bloomberg exclusively reported the story;   FBN Holdings Plc, which owns Nigeria’s biggest bank, plans to cut jobs and focus less on providing loans to the oil industry in a bid to reverse last year’s 82 percent slump in profit.   The lender expects to boost its return o

Non-Oil Commodity Export market has become more interesting of recent due to the recent economic situation of Nigeria which the fall in oil prices caused. Therefore, non-oil commodity export is seriously under consideration as an alternative to salvage the falling economy.Value Added Exporting in simple term, means adding value to the commodities you are exporting. No matter the amount you are making right now as profit in your export business you can make more of it if you add value to the commodities you are exporting. Majority of the commodities exported from Africa especially Nigeria are exported in the raw form, which industries in the other continents like Europe, Asia, America e.t.c will add value to it and sell it at a higher price and the funniest case is that they sell some of this product back to us at a higher cost after adding value to it. Take for example, our very own shea butter which is exported abroad from Nigeria, some cosmetics manufacturing companies