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Job: Nigeria, Britain partner to combat unemployment

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The Nigerian government has expressed its willingness to partner with the British Government in tackling unemployment and creating job opportunities for young persons in the country. The Minister of State for Labour and Employment, Dr Festus Keyamo, with the Political Counsellor, British High Commission, Mr Dominic Williams. PHOTO: NAN The Minister of State for  Labour  and Employment, Dr Festus Keyamo, stated this when the Political Counsellor, British High Commission, Mr Dominic Williams, paid him a courtesy visit in Abuja. “We are ready to collaborate with our partners all over the world to open up avenues for job creation. We are open to all kinds of suggestions and levels of co-operation,” he said. He disclosed that the Government has opened up other sectors as part of efforts to diversify the economy from oil, which would, in turn, create room for employment. According to him, part of the efforts of Government to diversify the economy and boost job creation...
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Skye Bank's Takeover Saved 6,000 Jobs, N949bn Deposits - NDIC

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  The Nigeria Deposit Insurance Corporation (NDIC) has said the takeover of the defunct Skye Bank PLC has been able to save more than 6,000 jobs and over NN949.60 billion in customers’ deposits as at June 2018. The Central Bank of Nigeria (CBN) and the NDIC had in September this year withdrew the operating licence of Skye Bank and transferred its assets and liabilities to a newly licenced bank, Polaris Bank owned by the Assets Management Corporation of Nigeria (AMCON), for failure of its shareholders to recapitalise the bank. Speaking at the NDIC special day at the ongoing International Trade Fair in Lagos, the managing director and chief executive of NDIC, Umaru Ibrahim, noted that the option of a bridge bank was reached as it is less costly to the macro economy. Explaining that bridge bank is a temporary bank created to operate a failed bank until a buyer can be found, Umaru who was represented by the head of corporate communications, Muhammed Kudu, said the resolutio...