According to a study released by the TIAA-CREF Institute and Independent Sector, about 45 percent of all employees in the non-profit sector are not confident with their ability to prepare financially for retirement. The findings underscore the need for the nonprofit and philanthropic sector to address their employees’ long-term financial security, create more opportunities for
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March 9, 2013
Non-profit Employees Lack Confidence in Retirement Planning
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March 9, 2013
AT&T Takes $10bn Hit to Pension Fund
AT&T has announced that it is taking a US$10 billion charge related to its pension costs. The company said that the non-cash charge follows a decision to lower its assumed discount rate to 4.3%, resulting in an actuarial loss of approximately $12 billion.
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- Pension
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March 9, 2013
Study: 61 US Cities’ Retirement Systems Face $217bn Gap
Sixty-one key cities across America have emerged from the Great Recession with a gap of more than $217 billion between what they had promised their workers in pensions and retiree health care and what they had saved to pay that bill, according to a report released by The Pew Charitable Trusts.
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- Pension
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March 9, 2013
NESTLE: Building Sustainability into Product Design Process
The Nestle Brands The way a product or service is designed determines its use of resources and can help to minimise waste throughout its lifecycle. As Head of Sustainability for Research and Development at Nestlé, I recognise the important role good design can play in the preservation of our natural environment. We’re the world’s largest
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- Industry
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March 9, 2013
Life Expectancy in Africa
Nigeria Health Statistics Total population 158,423,000 Gross national income per capita (PPP international $) 2,240 Life expectancy at birth m/f (years) 53/54 Probability of dying under five (per 1 000 live births) 124 Probability of dying between 15 and 60 years m/f (per 1 000 population) 377/365 Total expenditure on health per capita (Intl $,
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- Health Care
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March 9, 2013
THE MERCURY DEBATE: WHO Welcomes International Treaty on Mercury
The World Health Organization (WHO) welcomes of the approval of a new international convention (1) that will reduce the harmful health effects of mercury. Mercury is recognized as a chemical of global concern due to its ability to travel long distances in the atmosphere; its persistence in the environment; its ability to accumulate in ecosystems,
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- Health Care
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March 9, 2013
Dependency Fear: Ukraine, Shell in $10bn Shale Gas Drilling Deal
Ukraine’s Fuel Minister Stavitsky, Ukraine’s President Yanukovich, Netherlands’ Prime Minister Rutte and Voser CEO of Royal Dutch Shell shake hands after exchanging a signed agreement at WEF in Davos, January 24, 2013. Ukraine has furthered its attempt to decrease its dependence on natural gas from Russia by signing a new deal with Royal Dutch
- By : Business Journal
- Energy
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March 9, 2013
Total, French Embassy Collaborate on Educational Dev in Nigeria
A joint scholarship scheme (“TQJS”) titled TEPNG/ Quai d’Orsay, has been established between Total and the Embassy of France in Nigeria. Under the new programme, five Nigerians are to benefit from an annual scholarship sponsored by Total in collaboration with the French Embassy in Nigeria with effect from the 2012/2013 academic year. The agreement to
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- Energy
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March 9, 2013
Africa Offshore Oil Development Attracts U.S. Grant
The United States and Nigeria are teaming up to develop the African country’s offshore oil and gas industry. The U.S. Trade and Development Agency announced December 31, 2012 that it would be providing a grant to Nigeria that will be used to develop an electronic management platform which provides 24-hour support to offshore operations such
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- Energy
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March 9, 2013
Freedonia: Global Demand for Fuel Additives to Surge by 2016
Global demand for fuel additives will increase 4.7%/year to 26.5 million tonnes in 2016, with demand in value terms advancing 8%/year to $59.4 billion. Total fuel-additive demand in volume terms is heavily dominated by gasoline oxygenates, such as methyl tertiary butyl ether (MTBE). In 2011, ether oxygenates accounted for 94% of total demand. These and
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- Energy
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March 7, 2013
Will Transcorp/GE Partnership Transform Power Sector?
The recent power agreement signing between Transnational Corporation of Nigeria Plc (Transcorp) and General Electric (GE) is raising critical questions in the critical power sector in Nigeria. Will this partnership finally transform the power sector or will it become yet another pipe dream in the nation’s long quest for uninterrupted power supply? GE, a global
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- Energy
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July 2, 2012
The $100bn Gap: Hard, Soft Infrastructure Key to Africa’s Development
In one of the most anticipated side events during the African Development Bank’s annual meetings, the AFC Debate, the conclusion drawn was that infrastructure is much more than just about money. In a panel discussion which included Andrew Alli, President and CEO of the AFC, Dr Donald Kaberuka, President of the AfDB, Dr Ngozi Onkono-Iweala,
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- Banking
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July 2, 2012
Olusegun Agbaje: Celebrating ‘African Banker of the Year 2012’
Mr. Olusegun Agbaje, Group Managing Director/CEO of Guaranty Trust Bank Plc, was recently conferred with the 2012 African Banker of the Year Award by the African Banker Magazine at a colourful African Banker Awards ceremony at Arusha, Tanzania. The African Banker Award recognizes key financial industry leaders across the continent, who through good vision and
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- Banking
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July 2, 2012
The FORGOTTEN DEBATE: Does Ex-Military Leaders Deserve State Pension?
For years, the controversy raged at the National Assembly, legion of human rights activist and ordinary Nigerians in the streets. Some said yes they deserve state pension for their service while in office even though they were not elected into office. For others, no state pension should be paid to the past military leaders because
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- Pension
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July 2, 2012
Aviation: The $7tr, 82m Jobs By 2030 in Global GDP Projection
The International Air Transport Association (IATA) called on governments to be stronger partners in maximizing aviation’s economic and social benefits. “Our industry’s licence to grow is earned through working with governments to constantly make flying even safer, more secure, and more sustainable. Now we need an agenda to achieve tax regimes that do not kill
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- Aviation
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