Thursday, January 07, 2021

Threat to American Democracy

 Yesterday, we watched pro Trump supporters attempt to subvert the will of the majority. The event could be likened to the burning of Time wherein Emperor Nero was said to watch Rome burn while he played the fiddle. The United States  president lit the torch that nearly set the bastion of world democracy on the fire. He and his daughter Ivanka stoke the fire while waiting for it to consume the entire country.

Ivanka called the irate protesters Patriots in a now deleted tweet.


 

America was shaken on Wednesday as a mob of Donald Trump supporters staged an insurrection at the US Capitol building in Washington DC, storming the debating chambers and clashing with armed police.


Four people died in the ensuing unrest that rocked the capital on Wednesday, Washington DC police said, including a woman who was shot dead by the US Capitol police. Three others died in “medical emergencies”, the DC police chief, Robert Contee, said.


The siege is among the worst security breaches in American history and came after Trump had earlier urged a crowd of his supporters to march on the Capitol and undo his November election defeat.


'Stand back and stand by': how Trumpism led to the Capitol siege


The violence halted the tallying of electoral college votes to affirm Joe Biden’s victory, with Mike Pence, the vice-president, and members of Congress evacuated to undisclosed locations for their safety.


DC police said the woman who was killed at the Capitol was shot as the mob tried to break through a barricaded door where police were armed on the other side. She was hospitalized with a gunshot wound and later died.


Having lit the political fire, Trump made a belated plea for calm but repeated the lie that the election was rigged. “I know your pain, I know you’re hurt,” he said. “We had an election that was stolen from us.


“But you have to go home now. We have to have peace. We have to have law and order, we have to respect our great people in law and order. We don’t want anybody hurt. We love you.”


The Capitol dome is known worldwide as a political symbol and the House of Representatives and Senate chambers are revered as almost sacred. But Wednesday’s carnage struck the latest and perhaps most savage blow to the America’s reputation as a paragon of liberal democracy.

The events in America have struck a chord amongst anarchists especially in the African continent who would no longer view sanctions by Western powers as sufficient grounds to avoid acts capable of trumping on the will of majority of electorates. For this reason, the American people must not sweep these acts under the rug. All individuals involved in those acts must be brought to book.

In Nigeria, these events have resulted in Governor Wike of the PDP appealing to the ruling APC to show extraordinary courage in 2023 in the event that it loses the presidential elections.


For his part in safeguarding American democracy, Pence should be awarded the Presidential Medal of Freedom by the next president and Congressional Gold Medal for his extraordinary courage in the face of extraordinary bullying and threat by the President even when he could have been part of the beneficiaries of the coup.

Saturday, June 20, 2020

kuailian Decentralized Protocol

http://app.kuailiandp.com/auth/register/ref/eb574fde-2893-45cd-badc-a45773539821
Kuailian Investment Bank is a European based Digital Bank . The Bank is offering a Cryptocurrency based investment fund which is a flexible solution for investors to add dollar-denominated securities.

The initial minimum investment amount is $100. It is an open-ended  investment that allows investors scale up their investments in units of $100. It provides an opportunity for individual and institutional investors to diversify their portfolio and hedge against currency fluctuations. 

One of the objectives of the investment is to help investors achieve income generation, capital preservation and portfolio diversification in the short, medium to long term.

It is designed to deliver significantly higher returns than the average Government securities like treasury bills as well as call deposits such as fixed deposits in commercial Banks in Nigeria . Dividend is paid daily in dollars. There are two investment forms , the Low and Medium Risk with rates from 0.17% -0.4% daily  and  0.50 -0.75% daily and respectively. Payment is for 1,000 days. Return on Investment on the average is about 12- 15% monthly . 

Investment is hosted via SMART CONTRACTS on the Blockchain. The Blockchain is a single source of truth and smart contracts are irreversible contracts on the digital space. Therefore investment is for 1,000 days before Principal is recalled automatically without any human intervention. The Transparency of the process is unbeatable and indescribable.

Members of the public who have future dollar obligations like health ,tourism, education fees and vacations can use the Investment to save towards their goals.

The low initial investment amount means more investors can diversify their portfolios and benefit from Kuailan Investment Bank’s years of experience.

http://app.kuailiandp.com/auth/register/ref/eb574fde-2893-45cd-badc-a45773539821

Monday, June 15, 2020

Proof of Stake ecosystem. All you need to know

 
Proof-Of-Stake is a new income opportunity for companies, private investors and common users. We’d like to show you how this PoS ecosystem works and who are the market players.  

Proof-Of-Stake is the Blockchain network security protocol that allows any PoS tokens owner to participate in the network security management and get rewarded for it. Today the PoS ecosystem market is still being formed. Low entry threshold and a relatively simple system suggest that there can be plenty of various players on this market. Let’s divide them into certain groups and take a closer look at each.  

Who holds PoS tokens 
Private investors and investment companies are the main PoS ecosystem representatives. However, most of these tokens belong not to them but to funds and companies that are funding decentralized networks development.  

Organizations working directly with PoS ecosystem crypto assets or organizations financed with them are also one of such players. Projects and companies make their products available on the PoS network, thus improving it.  

To the next group belong third-party services that allow buying, storing and managing PoS crypto assets. They make the decision whether to let clients and their assets participate in the ecosystem work.This group includes exchanges, wallets and other services working with cryptocurrency.  

Among the most important participants of the PoS ecosystem are Staking” providers. These are companies providing the infrastructure for making money on Proof of Stake. Such companies can be called “Bidding pools”, “Delegation services” or “Staking providers”.  

The last group in this ecosystem includes those players who do professional market research and guide investors into services and working methods that are trustworthy and best for them.  
In this picture you can see the PoS ecosystem visualised  
  
Whether it is a private investor or some big company, work always begins with cost and rewards calculation and analysis. Any participant of the process should think about it first. Some can decide to start an independent work while others prefer to delegate it to intermediaries like Staking providers. Let’s see how these groups of token owners and infrastructure representatives are interconnected.  

Private investors 
This group is the most diverse as it includes professional investors, crypto enthusiasts and those who happened to become PoS token owners by accident.  
Investors from this group can participate and make money on the ecosystem in different ways depending on where and how they hold their assets. Some of the investors can manage them on their own while others will pass it to intermediaries in exchange for a certain percentage of their profits. The ones delegating assets management can fall into two more groups - investors, who choose their intermediaries themselves and those who trust the judgement of competent individuals or platforms.  

Institutional investors  
Unlike private investors’ opportunities for working with the PoS ecosystem, those of the institutional ones are in some way limited by certain rules and regulations. These rules and other restrictions determine how crypto assets will be held.  
This group of institutional investors includes venture capital funds that could be investing in PoS projects at an early development stage. To this group also belong hedge funds and other organizations that happened to own and manage PoS tokens for commercial or other reasons.  
These organizations can either put together a team of specialists for crypto assets managing or conclude partnership with a company providing such services. Some of them can even work with custodians.  
Another management option is the use of specially designed delegation protocols and inspecting third-party services by passing their data to different departments.On the market today you can see examples of institutional investors’ various crypto assets management strategies and their partnership with intermediaries.

Blockchain Companies  
Companies working with crypto assets  
Many, for some reason, forget or ignore this group when talking about the PoS ecosystem. In fact, it can have a significant Staking market share. Many companies will or already hold crypto assets involved in Staking. They could receive such assets from ICO or grants. Examples of such companies can be payment gateways holding that kind of crypto assets.  
Some representatives: BitPay, Ripple, Genesis 
Companies building their product on the PoS network  
Many projects and companies holding Proof of Stake crypto assets could be interested in securing the network they hold their projects and assets on. Such companies can split their assets and “Put” them on the PoS network thus showing how safe and reliable it is.  

Funds 
Blockchain community has controversial opinions regarding these funds as they are in control of the larger tokens share. Besides, in the Staking process their share can grow even bigger, thus increasing funds’ control over the network.  

Yet at the same time, all the other market players can benefit from this advantage as for assuring the network security a “major holder” support is needed. What’s more, it’s a great opportunity for constant financing and development of the decentralised network.  
Some representatives: Tezos, ETH, EOS. 

Third parties
 
Wallets 
Cryptocurrency wallets have plenty of options for seizing the Proof of Stake ecosystem opportunities. They can build their own infrastructure or partner with providers of such services. And only then crypto wallets can offer Staking services to their clients.  
The other option might be enabling a delegation protocol so their users could decide how to manage their assets in the Staking process.  
Some representatives: Cobo, TrustWallet 
Cryptocurrency exchanges
The interesting thing about these exchanges is that they can use their clients’ funds and do Staking on their behalf. Or they can resort to creating a different account type in their system that their users can use for participating in Staking.  
Some representatives: Binance, Okex, Huobi 

Custodians 
Some crypto assets owners don’t want to hold and manage PoS tokens on their own so it led to the appearance of certain companies offering representation and mediation services.  
For example, American hedge funds’ crypto assets worth over $150 million should be held by a certified custodian. Besides, it has its impact on the Staking economy.  
Custodians can manage their infrastructure alone or allow clients pass their tokens to partners for Staking. Since these organizations-holders are regulated by law, it is still unclear whether they will be able to do Staking directly.  
Custodians’ activity must be certified by approved regulators.  
Some representatives: CoinBase, BitGO, PolySign. 

Staking providers  
Finally, we’ll talk about the most important, in our view, market players - professional Staking providers.These organizations are engaged in creating and maintaining the Staking infrastructures.  
Almost all of the groups described above are somehow involved in work with Staking providers. StakedWallet is an example of such Staking providers aimed at providing high-quality service for private investors, investment companies and other organizations.  
Some representatives: HashQuark, Certus, InfStones, Chorus,
Stakedwallet.io 

The Proof Of Stake ecosystem has plenty of various representatives but is still essentially simple. However, with such great potential it has already managed to attract considerable amount of funding. It is an undeniable fact that prospects of development are promising both for investors and other players of this market.  
 
 

Sunday, June 14, 2020

Trust and Cryptocurrency


Written by Robert Kiyosaki 

Turmoil in the making
In 1910, seven men held a secret meeting on Jekyll Island off the coast of Georgia. It's estimated that those seven men represented one-sixth of the world's wealth. Six were Americans representing J.P. Morgan, John D. Rockefeller, and the U.S. government. One was a European representing the Rothschilds and Warburgs.

In 1913, the U.S. Federal Reserve Bank was created as a direct result of that secret meeting. Interestingly, the U.S. Federal Reserve Bank isn't federal, there are no reserves, and it's not a bank. Those seven men, some American and some European, created this new entity, commonly referred to as the Fed, to take control of the banking system and the money supply of the United States.



In 1944, a meeting in Bretton Woods, N.H., led to the creation of the International Monetary Fund and the World Bank. While the stated purposes for the two new organizations initially sounded admirable, the IMF and the World Bank were created to do to the world what the Federal Reserve Bank does to the United States.

In 1971, President Richard Nixon signed an executive order declaring that the United States no longer had to redeem its paper dollars for gold. With that, the first phase of the takeover of the world banking system and money supply was complete.

Today, the rich are getting richer, but most people are becoming poorer. Much of this turmoil is directly related to those meetings that took place decades ago. In other words, much of this turmoil is by design.

That leads to distrust in the system and distrust in our “leaders".

Let me explain how these occurrences collided to create “government” money and then how that led to the creation of blockchain and cryptocurrencies.

How the banker prints money
People who need money go to a banker and ask for a “loan.” The banker lends out nine of your 10 gold coins. The one gold coin he holds in his vault is the “fractional reserve.” The banker only needs to hold 10 percent—or 1 of your original 10 gold coins—in his vault to meet the “reserve” requirement.

Money has now been printed. Ten coins have become 19 coins through the fractional reserve banking system. Your 10 coins are real money. The nine coins out on loan to borrowers are fake money. Fake money has been printed.

This is where it gets exciting. The person who borrowed nine of your 10 gold coins goes to his or her bank and deposits your nine gold coins. The person who borrowed those nine coins is now issued a CD for nine coins.

The banker holding the nine borrowed coins then lends out 8.1 of the nine coins to the next borrower.

This borrower takes his 8.1 coins and deposits them in his bank. That banker lends out 90 percent of the 8.1 coins to the next borrower… and on and on.

This is known as the Mandrake Mechanism, named after a comic-strip magician character named Mandrake. Mandrake could pull anything out of his hat—exactly as your banker can “pull” money out of thin air.

In this simple example, the original 10 coins have now been expanded to 27.1 coins through the magic of the fractional reserve system of banking. The 27.1 coins are soon 2,710 or more coins through the magic of the fractional reserve system and the Mandrake Mechanism.

The fractional reserve system and the Mandrake Mechanism are how massive amounts of fake money are printed.

Mandrake takes over the world
Think about this: In 1971, the year Nixon took the dollar off the gold standard, the world no longer needed the original 10 gold coins. The Mandrake System of Magic Money took over the world.

Imagine billions of people borrowing and depositing billions of fake dollars in banks all over the world—as Mandrake magically pulls more and more fake money out of his hat.

After the 2008 market collapse, Mandrake the Magician had to pull over $1 quadrillion out of his “hat” to save his Magic World of Money from collapse.

How long can Mandrake keep pulling magic money out of his hat? That’s the question.

The justifiable lack of faith in the Mandrake System and the reality of the corruption of the “controlling elite” who run the Mandrake System through their banks is the reason the world demanded a change… a crypto change.

Ancient money and modern money
Throughout history, “money” has been many different things. Money has taken the form of seashells, colored beads, feathers, live animals, and large stones.

Today there are three types of modern money. They are:

God’s money: Gold and silver

Government’s money: Dollars, Euros, pesos, etc.

People’s money: Bitcoin, Ethereum, ZipCoin, etc.

Central banks are run by the “controlling elite”. These elites do not like gold because central their banks cannot print gold.

Central banks do not like Bitcoin and blockchain because people’s money does not need central banks.

Central banks print government money.

Government money has no integrity.

God’s money and people’s money have more integrity than central bank money.

Today, as I write this, the price of Bitcoin and other cyber currencies are rapidly rising and crashing. Once again, very few people understand how cryptocurrencies or “blockchain technology currencies” are going to affect their lives, their future, and their financial security.

The rising price of gold in 1971 and Bitcoin in 2018 are the rumblings of profound global changes, shifts in global financial tectonic plates, which will cause financial earthquakes and financial tsunamis all over the world.

I do not trust government money. It is fake money. And I do not trust myself. I know I do not know everything. I do not have all the answers. I cannot predict the future, but I know I must prepare for the future. *note if you are interested in knowing the ins and outs of cryptocurrencies you can click here to meet the man who knows more about cryptocurrencies and blockchain than… possibly anyone.



I do not trust the elites who run our governments, banks, or Wall Street. I do not trust anyone who prints fake money.

Bitcoin and cyber money
In 2009, Bitcoin appeared… and cyber money begins to challenge Mandrake’s Magical Money Show.

Mandrake does not like competition. The architects and controlling elite (basically the real Mandrakes) will fight back against cyber money, the people’s money.

People’s money: cryptocurrencies
Bitcoin came on the scene in 2009, just as the banking system was on the verge of collapsing.

One giant advantage of cryptocurrencies and blockchain technologies is trust and security outside the banking system.

As cryptocurrencies evolve, the power of the banking system— Mandrake’s Magical Money Show—will lose its grip on the financial freedom of the world.

The Bitcoin threat
That is why cyber money, people’s money, is such a threat. Many cryptocurrency miners and developers are driven by an intense desire, a passion (and in some cases a hatred) to bring down Mandrake’s Magical Money Show and the invisible leaders or “controlling elite”.

Today, billions of people are trapped in a central banking system owned by the mega-rich.

The central banks are not elected by the people and do not have to answer to the people. That is why gold and Bitcoin are a threat to central bankers.

Bitcoin is the “gold standard” for cryptocurrencies. Bitcoin is a threat to those who print fake money.

The Fed and Bitcoin miners have a lot in common. Both manufacture money. That is why cryptocurrencies are a threat to the Central Bank monopoly on fake money. But, cryptocurrencies are less fake than the fake, government money we already use.

While I am not an expert on cryptocurrencies. I do understand that blockchain technology is the real technology. Blockchain technology is more trustworthy than human beings. Money is dependent upon trust, so I trust blockchain technology more than I do human beings.

Blockchain technology will change the world because blockchain technology is more trustworthy than government money. I prefer gold and silver (God’s money) for the same reason. Gold and silver are far more trustworthy than the people running our governments, banks, and pension funds.

If you’re seeking new and exciting opportunities to achieve your financial dreams, then the world of cryptocurrencies might be a great platform for you to explore. Just know that the future of this marketplace is entirely unpredictable, prices are fluctuating daily and it’s a total gamble at this point. It’s the people versus the government and the controlling elite, so before you jump in, get educated (Click here) to learn from the same teacher I use).

As Benjamin Franklin once said, “An investment in knowledge pays the best interest.” As with any investment, do your research and make sure you’re educated before you plunk down your hard-earned money.

HOW BLOCKCHAIN IS REVAMPING BANKING AND FINANCIAL SERVICES



Gone are the days when blockchain was solely known for cryptocurrencies, today technology has stepped far beyond just powering Bitcoin. Blockchain is a distributed ledger that has emerged as one of the most groundbreaking applications and has amazing potential to transform almost every sector, including financial institutions, healthcare, supply chain, and many more. Due to its key features, such as transparency, decentralization, and immutability, the most popular domain of blockchain use is in the banking sector. The finance and banking sector has started adopting this technology to shift from conventional banking practices to convenient banking services as blockchain ledgers offer innovative solutions.

Blockchain Over Traditional Banking
Traditional banks and financial institutions have faced several challenges for decades, such as inefficient payment clearing processes, inability to stop fraud, the limited number of currency options, and many other issues. Here Blockchain technology comes into picture that can eradicate all the existing problems.

Blockchain is a series of connected blocks containing a record of data that is governed by different peers, not owned by any single entity, and secured by the cryptography principle. Blockchain ledgers facilitate bilateral settlement by eliminating intermediaries’ failures, collateral costs, delays, minimize credit risks, faster implementation of transactions, enhanced transparency in operations, amongst others.

Major Use Cases of Blockchain in Finance Domain
Over the past few years, the technology has matured for enterprise-grade use demonstrating the benefits like security, transparency, trust, programmability, privacy, high-performance, and scalability. Let’s explore how this technology is utilizing such benefits and revamping banking sector and finance institutions.



Investment Management
Capital firms, real estate funds, private assets firms, and specialty markets are facing demands to improve risk management and address the increasing complexity of ever-changing regulations. Blockchain can efficiently streamline asset and stakeholder management. The technology allows seamless stakeholder engagement with digitized assets and services, automated fund launch, fractionalization, digitization of portfolio and existing holdings for broader market access, customizable built-in privacy settings for transaction confidentiality, and other shareholder rights and obligations programmed into digital assets.

 Payments and Remittances
Today, global payments and remittances are executed by several intermediaries that charge fees for their services and takes several days in transacting. Blockchain can streamline payment and remittance processes, significantly reducing costs and settlement times. It allows secure and accelerated domestic retail payments, wholesale and securities settlement, and secured cross border payments. The real-time gross agreements between central banks, commercial banks, and other independent banks are also smooth and fast. Blockchain has no geographical limitations, thus enables secure P2P transfers globally.

Trade Finance
Trade finance refers to the processes, infrastructure, and funding that support international trade supply chains. The industries depend on paper-based processes that are inclined to secure susceptibility. Single transactions can take a few months to prepare the entire process. Blockchain can be of great use in administering trade finance transactions for the banks. Under the blockchain, all the necessary documents such as Tax invoices, Bill of lading, or shipping can be recorded in a decentralized repository, where all the authorized parties can access the data in real-time. This will improve efficiency tremendously and will allow the authorized parties to track the transactions with ease.

Digital Identity Verification
For online financial transactions to perform, identity verification is mandatory. With blockchain in fintech, users can choose how they identify themselves and with whom they agree to share their identity. Although they still need to register their identity on the blockchain, they do not need to repeat the registration for each service provider if those providers are also powered by blockchain.

Insurance 
Insurance companies engage in a highly competitive environment, where both corporate and retail customers expect the best value for money and exceptional online experience. Blockchain technology represents an opportunity for positive growth and change in the insurance industry. The technique can bring significant efficiency gains along with transparency, cost savings, fraud mitigation, and faster payouts while allowing data to be shared in real-time between various parties in a traceable and trusted manner. It also enables new insurance practices to build better products and market solutions.

Summary
To sum up, we can say that technology offers several benefits for each use case as it can lower the costs and bring faster processing of transactions. It eliminates the concept of intermediaries for transaction authorization and reduces paperwork and bureaucracy. Blockchain can streamline the entire trading process, but whether the technology will replace traditional banks is unanswered. But one sure thing is the technology is capable of disrupting the finance industry and creating something innovative.

HOW MONETARY POLICY AFFECTS YOU AND I

HOW MONETARY POLICY AFFECTS YOU AND I 

You know CBN’s new policy of excluding domestic investors from its Open Market Operations (OMO) and rather allowing only foreign portfolio investors has forced domestic investors to purchase government securities such as bonds and T- bills. With the rush it has killed the coupon rates of bonds and discount rate on T- bills. Rates are not favorable. Commercial Banks have lobbied CBN to exclude private entities from purchasing Govt securities and as such private entities rushed fixed deposits and now the rates have crashed affecting institutions and individuals such as you and I. The CBN wants Banks to fund Agriculture and Infrastructure on a long term basis . 

So that’s why your Fixed Deposit yields a very low interest . 

In a time like this you may wish to diversity your portfolio a little as an institution or an individual. The reason is because for most of us who are employees of small businesses or blue chip companies ,starting an active business in this period comes with a lot of uncertainty. Money in the Bank is loosing value as inflation sets in badly. Futures exchange rate is now N501 to the Dollar . 

Proof of Work (Pow) explained

Proof of Work explained

The Proof of Work protocol is one of the methods used during mining process. During this process, nodes (computers) compete among themselves to make sure that the information contained in each block of transactions is accurate. For these efforts, they receive a reward.

If you are paid $10 for a product, you recognise the value of that currency, and you trust it because it’s backed by the government. These institutions act as guarantors of the value of the currencies they print. The Proof of Work protocol does the same for cryptocurrencies. It ensures the data contained in the blockchain is trustworthy by giving the network nodes an incentive to validate accurate data and reject false information.

All of this happens in spite of the fact there is no central institution backing it. When used in the context of a blockchain, it allows for trust between unknown parties because they share a confidence in the veracity of the consensus protocol.

How does Proof of Work actually work?

If I send you one BTC, that transaction is registered on a block with other transactions with a timestamp and communicated to the decentralised network where different machines, or miners, employ their computing power to validate it (along with the rest of the block).

The network nodes validate the information by competing among themselves to find the solution to increasingly more complex mathematical riddles. They present solutions on a trial-and-error basis until one finds the correct number and communicates it to the remaining machines. When a majority of nodes agree that one miner has solved the problem, a consensus is achieved.

For this work, the miner receives a reward in the form of transaction fees and the block of transactions is added to the decentralised, shared ledger where it becomes an immutable part of the blockchain. When these different nodes compete until they reach a solution on which the whole network agrees, they use up a lot of computational power, energy, and time.

As the problems increase in complexity, so do these costs, which provides a further incentive not to cheat the system. Why would you go through all the effort and cost of investing in powerful computers to then miss out on the rewards?

The proof of work protocol that allows for this validation is brilliant in its inception because it relies on human self-interest to guarantee the integrity of the blockchain. Proof of Work exists so that transactions can’t be falsified.

Why does Proof of Work matter?

Proof of Work is essential because it allows for trust in a trustless environment. When miners agree to compete for the reward for getting the next block right, they implicitly agree to abide by the rules of that community of nodes, instead of manipulating the blockchain for their own purposes.

By increasing the difficulty of verifying each block, this protocol ensures excessive mining doesn’t take place. It preserves the supply of cryptocurrency while incentivising miners to keep the network running.

Since it uses limited resources like time, computational strength and energy, Proof of Work isn’t infinitely scalable.  This often causes controversy. 

An alternative to tackle the resource inefficiencies inherent to this protocol is the Proof of Stake (PoS) consensus mechanism. In this mechanism, the network values seniority and investment in the cryptocurrency over computational power. Since every time a new block is created the miner has to trade in old units of that crypto for new ones, that miner will be in a weaker position to create the next block.

This ensures a continual turnover in who gets to mine each block while also incentivising the trustworthiness of that crypto by making the largest holders an integral part of the process

Introduction to Masternodes

There are several ways to make money in the cryptosphere. To begin with, you can buy and sell digital currencies for a profit through an exchange such as Coinbase. Secondly, you can run a Masternode.

Perhaps you may have heard crypto enthusiasts mention the term Masternode severally, and all this time you have been wondering what it is or how it works. Worry no more, in this post we shall cover everything you need to know about masternodes.


So, what is a Masternode?


A node can simply be understood as a computer that plays a part in ensuring the integrity of a coin network. The crypto space is not only decentralized but also distributed; therefore it functions by several people running nodes from different parts of the world. 

That said, you require a full node to host a copy of the Blockchain (coin’s ledger) and thus support the network.

A Masternode is a crypto full node (computer wallet) that supports the network by hosting an entire copy of the coin’s ledger in real time. In return, the Masternode will receive crypto coins as a reward. This is another forum of mining

This must be differentiated from Proof of Work (PoW) mining. PoW, is the original consensus algorithm in a Blockchain network. In Blockchain, this algorithm is used to confirm transactions and produce new blocks to the chain. With PoW, miners compete against each other to complete transactions on the network and get rewarded. This would be explained in a latter post

Sunday, October 29, 2017

Vacancies at shell

Do you know anyone with BSc/HND in the following fields?

1. Social Sciences
2. Law
3. Finance
4. Mathematics
5. Statistics
6. Mechanical Engineering
7. Chemical Engineering
8. Petroleum Engineering
9. Metallurgical Engineering
10. Electrical Engineering
11. Geology?


Sunday, October 08, 2017

Citibank Nigeria Limited Graduate Analyst Recruitment


Citibank Nigeria Limited, the leading global financial services company, provides consumers, corporations, governments and institutions with a broad range of financial products and services.Citibank Nigeria Limited Graduate Analyst Recruitment

We are recruiting to fill the position below:

Job Title: Analyst

Job ID: 17069832
Location: Lagos

Job Purpose
  • The principal purpose of the position is to facilitate a focused and orderly interface between Corporate Bank’s customers, all the product and service groups in order to maximize revenues from customer relationships.
The major objectives of the position are:
  • Managing Citibank relationships in the Corporate Bank
  • Marketing and converting new target market names
  • Ensure that the unit revenue goals are met
  • The impact this position has on the bank is to contribute to ensuring that the franchise remains the leading Public Sector, Infrastructure, Telecoms and Industrials or Energy Commercial Bank in Nigeria.
Key Responsibilities
  • Develop and implement continuous (independent and joint) calling programs and interactions/discussions with assigned accounts and on prospective clients to create a continuous flow of incremental business opportunities.
  • Credit process initiation, including proposal preparation, loan administration and remedial action as required.
  • Design and sell, in conjunction with product managers, solutions that meet customers’ particular needs.
  • Work closely with Citiservice in providing account management and customer service to key customers.
  • Responsible for achieving revenue goals from assigned relationships in the most cost effective manner.
  • Maintain asset quality to avoid delinquent or impaired asset portfolio.
  • Prepare quarterly credit call memo for all relationship under management.
  • Negotiation of loan/credit terms and conditions, pricing determination for various products, closing of transactions and follow up after sales.
  • Responsible jointly with Risk analyst for initial, annual and interim credit review of all assigned relationships credit.
Business Relationships
Internal:
  • Frequently interact with Advisory, Fixed Income, EAF and Corporate Finance units to generate structured customer solutions and incremental risk assets.
  • Frequently interact with Risk and CRMS to maintain acceptable credit quality  of assigned relationships
  • Frequently interact with Citiservice and OandT in general and Parent Account Management teams of all Public Sector, Infrastructure, Telecoms and other Corporate and Commercial names and provide proactive customer service.
  • Frequently interact with TTS to achieve high credit cross sell ratio by actively selling cash management and trade products.
External:
  • Frequently interact with relevant Corporate and Commercial customers and TM prospects to generate incremental business for the bank
Qualifications

  • A B.Sc / BA degree.
  • A postgraduate degree and relevant professional qualifications will be an added advantage.
Skills and Experience:
  • Minimum of 4 to 6 years post qualification experience
  • Minimum continuous credit and financial analysis experience or relevant experience from other areas of the bank or other companies.
  • Customer management and negotiation skills
  • Ability to recognize and exploit business opportunities
  • Analytical skills
Thinking Complexities:
  • Understanding the impact of constant regulatory changes on customers businesses and in converting them to business opportunities
  • Ability to convince customers to adhere to high compliance/ethical standards of Citibank for transaction processing in a non-compliant environment.
  • Problem loan recognition capability
  • Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.
  • Ability to optimally coordinate the activities of the different units within the bank in order to deliver good quality service to the customer.
  • Designing strategies and products to enable Citibank  stay ahead of competition
Valuing Diversity:
  • Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective and uses differences to add value to decisions or actions and organisational success.
How to Apply
Interested and qualified candidates should:
Click here to apply

Graduate Market Support Analyst at Nigerian Stock Exchange (NSE)


The Nigerian Stock Exchange, services the largest economy in Africa, and is championing the development of Africa’s financial markets. The Exchange offers listing and trading services, licensing services, market data solutions, ancillary technology services, and more. It is an open, professional and vibrant exchange, connecting Nigeria, Africa and the world.

We are recruiting to fill the position below:

Job Title: Market Support Analyst


Location: Lagos

Division: Market Operations  Technology Division
Department: Market Operations Department
Role: Market Support Analyst
Location: Lagos
Report To: Operations Manager
Grade: Executive Assistant – Officer
Estimated Date of Resumption: Wednesday, November 1, 2017.

Job Summary
  • The Nigerian Stock Exchange services the largest economy in Africa, and is championing the development of Africa’s financial markets.
  • The Exchange offers listing and trading services, licensing services, market data solutions, ancillary technology services, and more.
  • It is an open, professional and vibrant exchange, connecting Nigeria, Africa and the world.
  • The incumbent will be responsible for assisting in translating the Exchange’s vision into a technical vision and supporting the team members in delivery as it relates to the trading floor.
  • The incumbent will possess a proven track record in designing, building and supporting a world class technical infrastructure and applications services in a secure manner with maximum uptime and in line with best practice principles.
Key Responsibilities
  • The incumbent will possess a proven track record in designing, building and supporting a world class technical infrastructure and applications services in a secure manner with maximum uptime and in line with best practice principles.
  • The successful candidate will have a solid technical background and will be technically sound ‘on the ball’ with the ability to get ‘hands-on’ where required, but also able to manage a team of support staffs based on robust processes and communicate effectively at middle management levels to explain technical issues.
  • The incumbent will be strategically minded, with ability to help identify new/emerging technology options and have robust technical project delivery skills to support complex and highly visible technology change projects.
  • Assist in driving the formulation of the technology strategy. Supports its execution, working in close collaboration with both internal and external stakeholders.
  • Build, retain and motivate a best in class support team across all the main trading floors and oversee associated changes.
  • Ensure the Exchange operates a high availability, robust and high permanent technology infrastructure and services, visible to both internal and external (remote traders) stakeholders.
  • Identify and manage strategic supplier relationships to augment internal and strategic capabilities, whilst ensuring a high level of service delivery supporting the organization.
  • Assist the support lead to manage and deliver the technology services in line with global best practices for infrastructure.
  • The Market Support Analyst will be expected to have skills, knowledge and experience on the following areas: Hands-on current and expertise in at least two technical disciplines (networks, OS, hardware, technology quality assurance, and telecoms), knowledge of information security principles and application.
  • Quality management. Knowledge management.
  • Supplier/Purchasing management.
  • Entrepreneurially minded.
  • Ability to deal with uncertain business and technology challenges that may arise within the trading floor.
  • Assist in managing and be accountable for dependencies, exceptions, slippage, issues and priorities.
  • Assist in managing and be accountable for the management of opportunities including the development of contingency plans.
  • The Market Support Analyst will be expected to assist in planning delivery of appropriate services and solutions to meet overall service office objectives often against tight time, financial or resource constraints.
  • Communication and visibility of all critical issues and their status and service restore plans.
  • Communicate the technology improvement plans to internal and external stakeholders.
  • Leadership. The Incumbent will need to be an effective team leader to help create effective, informed and highly motivated team(s) focused on delivery.
  • Ensure the coherence of the service, technical project(s), dependencies and conflicts and develop and maintain the appropriate environment to support all areas involved in the delivery.
  • Influence, inspire and support cross functional project teams at any available opportunity.
  • Support transformational technology initiatives. People Management and Development.
  • The incumbent will need good people skills including: the ability to create clarity of roles and responsibilities for members of the team and assist in achieving the results, Maintain relationships with the overall team, Business team(s) and stakeholders, Manage conflicts and dependencies across teams and wider stakeholder group. Financial Control.
  • Effective conflict resolution. Build and manage credibility with stakeholders and the team.
  • Assist in building a dependable team.
  • Ensure that Facilities in the trading floors work optimally. Provide E2E technology integration from clients to brokers and dealing members of the exchange.
  • Ensure appropriate technologies to re-engineer the business processes are identified, implemented and maintained.
  • Ensure all changes are well tested and managed in a controlled manner with full rollback plans.
  • Work with stakeholders and suppliers to develop strategic solution options, resourcing options and delivery plans.
  • Adhere and make sure that change controls are put in places where changes are to be effected.
  • The Market Support Analyst will be expected to have excellent communication skills and experience in working with stake holders and other members of the broker dealers’ community in the business.
  • Pro-activeness in addressing any service / quality issues and deviations from plan.
  • Network Diagrams interpretation.
  • Network security.
  • Printers installation/repairs.
  • Use of Network tools like; insertion tools crimping tools, Network tester and others.
  • Design and implement a medium Local area network.
  • Have ideas on Cisco switches and routers basic configurations.
  • The Market Support Analyst has considerable freedom to act in order to deliver services required for the provision of an efficient and effective operation.
  • He/She will be expected to work to a high level of technical standard, accuracy and lead by example.
  • Continually supporting the training of other team members to become self-sufficient
  • The incumbent will be expected to work within the budget for their department and ensure monitoring and management of spend as it applies to his team and services This will cover the following activities: Development of a robust business case for the programme(s) and re-forecast value creation where necessary, Facilitate a process for ensuring regular tracking and management of costs, Review of cost anomalies or over-spend upward within the service and line management in a timely fashion, Negotiate optimum prices with suppliers whilst ensuring sound service levels.
  • Ensure service availability for trading activities on the Trading floors. Regular and effective communication of deliverables and key issues, and tracking to stakeholders.
  • Technical assistances to the branches.
Qualifications and Experience
  • Minimum of 2 years working experience in a similar position.
  • B.Sc degree/HND or Equivalent in Engineering discipline, Mathematics or Physics/Electronics will be a distinct advantage.
  • Experience with managing team members of support staff in a business critical service environment.
  • Technical certifications in networking technologies will be an added advantage.
  • Ability to demonstrate a track record of delivering complex business critical change.
  • Experience in managing/working with senior stakeholders is an added advantage
  • Solid technical track record in supporting and implementing technology infrastructures and or applications is essential.
  • Networking (switching/routing) experience will be a distinct advantage.
  • Experience on at least one core technical disciplines (e.g., Networks, Server hardware and Operating Systems etc.,) at a ‘hands-on’ level is essential.
Functional Competencies:
  • Desktop Engineering and Support
  • Emerging Technologies
  • Server Desk and Incident Management
  • Stakeholder Management
  • Microsoft Office Packages
  • Network Planning and Design
  • Server Administration
Behavioural Competencies:
  • Attention to Detail
  • Problem Solving
  • Team Work
  • Time Management
How to Apply
Interested and qualified candidates should:
Click here to apply

Friday, October 06, 2017

National Information Technology Development Agency (NITDA) Scholarship 2017/2018


The National Information Technology Development Agency (NITDA) has as its mandate to develop and regulate the Information Technology in Nigeria. Developing and regulating IT will support in transforming Nigeria into an IT driven economy for global competitiveness and the dire need of digital literacy.National Information Technology Development Agency (NITDA) Scholarship 2017/2018


The Agency has since 2010 established a scholarship scheme for Masters and Doctoral degree in relevant areas of Information Technology (IT) and ICT Law obtainable in Nigerian (Government and Private) Universities.

NITDA Postgraduate Scholarship Scheme 2017/2018

Duration
  • The sponsorship for the Masters programme will run for one year and the Doctorate programme for three years.
Criteria
  • The scholarship award is strictly based on merit and is evenly distributed between the six geo-political zones for the PhD, 36 States and FCT for MSc.
Eligibility (Nigerians)
  • PhD: Only University and Polytechnic Lecturers with MSc in any Information Technology related field are eligible to apply for sponsorship.
  • MSc: Holders of First Class or Second Class (Upper) Honours Bachelor’s degree, in Information Technology related field and Law.

How to Apply

Interested and qualified candidates should visit http://scholarship.nitda.gov.ng/

Note

  • A comprehensive Aptitude Test(s) will be conducted to determine successful candidates for the Award.
  • Only candidates who are found eligible will be Shortlisted.
  • Furthermore, there will be interview (which includes supplementary test, verification of credentials & character evaluation) for best performing candidates.

Application Deadline Date 
15th November, 2017.

OPULENCE ESTATE, LAKOWE

Have you heard about the Prestigious Lakowe Lakes and Golf Course. Would you like to live close to the 18-hole Golf course and the Artificial Lake inside the Golf Course?

This is a good oppurtunity to secure your Plots. OPULENCE ESTATE, LAKOWE is a very new estate just unveiled 3 days ago. Its on the same road with the Lakowe Lakes and Golf Course. Its a 30-second drive off the Lekki Epe Expressway.

Its selling for N10,500,000 per plot and Guess what...The 1st 20 Subscribers get a whooping 10% discount. There is also a 3 to 6 months payment plan.

Please call Odo Eyo Oku on 08181009845 for free inspection and enquiries.

We await your Call. Thank you.

INVEST IN MERIT PARK


*Merit Park* is an Estate located in Iberekodo, Ibeju Lekki, on the Lekki Free Trade Zone Axis. It is the very first Estate on the left of the Lekki Free Trade Zone Road, on your way from Eleko to Dangote Refinery.

*Merit Park* is less than 3 minutes drive from the popular Amen Estate, and mid-way between Dangote Refinery and the proposed Lekki International Airport.

Merit Park is majorly dry land. The wet areas  is being sand-filled. The beauty of *Merit Park*  is that it is a few distance away from Dangote Refinery and the Lekki Deep Sea Port, so residents of this Estate will not experience traffic gridlock which which may be a potential problem with other estates having very close proxmity to Dangote Refinary and Lekki Deep Sea Port.

Land appreciation at *Merit Park* is guaranteed because of the various catalyst projects, driven by private sector investment. The close promixity to Amen Estate also guarantees that the value will be at par with Amen Estate very soon, especially since modern technology will be deployed during development of the Estate facilities.

*Estate Features:*
Gated Estate
Perimeter Fencing
Paved Roads
Recreation Park
Security Post
Central Sewage
Central Electricity Connection
Public Water/Bore Hole
Designated Layout/Survey Plan.

*Land Title:* Excision via Lagos State Gazette, No. 11, Vol. 3, Pages 30-38

*Neighboring attractions:*
Amen Estate
Lagos Smart City
Pan Atlantic University
Iberekodo Industrial Scheme
Lekki Free Trade Zone
Dangote Refinery
Eleko Beach
Power Oil Company
LaCampagne Tropicana Resort
Dano Milk Company
Chinese Steele Industry
Lagos State General Hospital
Lekki Deep Sea Port
Lekki Golf Course.

*Land Size:*600sqm

Outright payment: N4m/plot.
6 months: N4.25m/plot. 12 months: N4.5m/plot. 18 months: M4.75m/plot.

*PROMO PRICE:* N3million outright. Valid until  October 3.

*Westwood Homes, Sangotedo Ajah Lagos*


We are glad to bring to your notice that we now have semi detached and blocks of flat for sale in Westwood Park estate phase 2.

*Westwood Homes* is located inside our alluring and luxury westwood park estate phase 2, located in the prime neighbourhood of Novare Shoprite mall, off Monastery Road Sangotedo, Lekki Lagos.

Westwood Homes promised to be a Havens to live in with State of the earth estate facilities to be provided.

*Title*: C of O

*Prices*:  5 Bedroom Semi detached Duplex  NGN56,800,000

Blocks of flat (4 bedroom) NGN23,500,000

Blocks of flat (2 bedroom) NGN18,000,000

1 bedroom apartment NGN9,800,000

All available at off plan sales, Expected delivery time is 18 months. Flexible payment plans also available

*WHY YOU SHOULD BUY INTO WESTWOOD HOMES*

This estate is strategically located 10 minutes drives from VGCThis estate will appreciate Over 150% in 6 monthsExcellent prime and luxury locationExcellent estate facilitiesGood title (C of O)Free from any known Government acquisition.



Offer valid while stock last … You sure don’t want to miss this one.

For Enquiries contact: 08181009845



ESTATE FEATURES

Ample parking Space
Electricity
Gate House
Good Drainage
Good-Road
Green Areas
Landscaping
Perimeter Fence
Shopping Centers
Sports Corridors
Street-Lights
Swimming Pool

Recruitment in an Integrated Indigenous Oilfield Services Company


AOS Orwell, an integrated indigenous oilfield services company in Nigeria offering well construction and engineering services to the energy sector, has the vacancy for a suitably qualified person to join its team in the positions below:Recruitment in an Integrated Indigenous Oilfield Services Company

Job Title: Chartered Accountant

Ref. FIN/ACCB
Location: Rivers

Responsibilities
  • Responsible for account reconciliation, general ledger reporting and statutory tax matters, this person will report to the Accounts Manager in Port Harcourt.
Qualifications
  • Good first degree in Accounting or Economics with ICAN certification.
  • Must possess 2 to 3 years post ICAN experience preferably in a fast-paced, well structured environment.
Skills Required:
  • Should have a pleasant disposition, a team spirit with a proven ability to deliver results on time.
  • Ability to compile and analyze financial information to prepare reports and make entries to accounts, such as general ledger accounts.
  • Strong organizational and interpersonal skills.
  • Knowledge of accounting software preferably ERP – Microsoft Navision, Dynamic is an added advantage.
  • Should not be more than 30 years at last birthday.
  • Proficient computer and keyboard skills and the ability to use Microsoft Office (Word, Excel, and PowerPoint) are required skills.

 

Job Title: Project Manager, PMD

Ref. No: PMD/PRJ2
Location: Nigeria
Area: Process Management (control sytems and instrumentation)
Responsibilities

  • Reporting to the GM Operations, the Project Manager will lead the project team covering planning and coordination, scheduling, financial and cost management, contract administration and customer communications, deliverables and relationships of assigned projects.
  • Establish professional relationships with customers to ensure customer satisfaction.
  • Managing the interest of all stakeholders (customer, OEM, suppliers, etc.) in the project.
  • Ensure that the baseline project documents are produced, maintained, made available to all parties concerned and effectively used (managing the project).
  • Ensures that the project is correctly planned and managed during execution.
  • Monitor and Control the financial status of the project (BG, EAC, Billings, cost budgets, milestone payments, warranty etc.).
  • Accurately report the status (resources, technical issues, customer satisfaction, Financial) of assigned projects on all key metrics
  • Manage the process of scope definition and change control, including estimating and negotiations of contract / scope variations (change orders).
  • Anticipate timely important potential risks (technical or other).
  • Establish and execute detailed plans to ensure that risks are mitigated and opportunities are realized
  • Prepare sub-contract strategy, select sub-contractors, and negotiate contracts and control
  • Work with sales (on request) to ensure that project proposals are supported with proposal deliverables e.g. risk/opportunity, estimate, project plan, planning.
  • Expertise to deliver solutions in DCS & Safety system platforms, Field Instrumentation and Fire & Gas system.
  • Lead complete DCS Project management life cycle of Small/Medium/Large scale Projects.
Qualification
  • Relevant multi – domain experience in segments like Refinery & Petrochemical, Oil & Gas.
  • Bachelor Degree in Engineering Discipline (Electrical/ Electronics/ Instrumentation)
  • Very Good Project Management skills, PMI certification is a major advantage.
Skills Required:
  • Have Good Knowledge in DCS/PLC Based Project Execution.
  • Overall Experience (10-15 Years) in an Industrial Automation Field & 3-5 years working Experience as a Project manager in DCS field. 

Job Title: Workshop Sales Service Manager

Ref No: PMD/WSSM
Location: Nigeria
Area: Process Management (control sytems and instrumentation)
Level: Experienced

Responsibilities
  • Reporting to the Deputy Country Manager PMD, this role is responsible for the management of the sales of the PMD services (workshops), leading the service sales team, providing technical support in designing solutions to fulfill clients’ needs and for providing guidance on quotations and contracts.
  • Lead the workshop sales team for business development of AOSO workshops viz. Metering, Valves Repairs, Low Voltage /Medium Voltage & Hoerbiger
  • Establish a plan for workshops business development to support existing customers and grow the customer portfolio by developing leads and new opportunities
  • Develop and maintain a strong network with key individuals within the customer’s production/ maintenance/ operations/ L&D/ asset management organizations and leverage to anticipate customer’s needs as well as accurately forecast sales on a monthly, quarterly and annual basis.
  • Carry out any other Business Development activity that may be required by AOS Orwell vis-à-vis the client.
  • Alignment of initiatives between the Client and AOS Orwell by imbibing and transferring relevant aspects of Client’s QHSE and other systems into AOS Orwell.
  • Monitor the market and evaluate competition and customer specific strategic and operational factors to support business decisions
Qualifications
  • Technical Bachelor’s Degree from an accredited university. Minimum of 10-12 years relevant experience in technical sales in the Oil & Gas industry.
Skills Required:
  • Must have vast experience in business development of indigenous mechanical & electrical workshops.
  • Demonstrated track record of sales / business development growth in Nigeria within oil & gas market – target customers’ production/maintenance/operations/L&D/asset management organizations
  • Willingness and ability to travel 60% time across Nigeria.
  • Must be a self-starter who is driven to completion of sales orders and project execution Demonstrated experience managing a team of engineers/technicians in fast paced environment.
  • Proven leadership in an international project environment.
  • Extensive knowledge in the field of Industrial Automation with knowledge of Oil and Gas Industry.
  • Nurtures positive, collaborative working relationship with clients
  • Should have hands-on proven experience in process plant/workshop mechanical/electrical equipment QA/QC, HSE procedures such as NDE, ITP, Fabrication /Maintenance (WPS), PWHT etc.
  • Meets & exceeds client expectations by utilising clients processes/procedures to get results
  • Achieves continuous improvement by proactively assessing company’s working relationship, practices and methods.

Job Title: Valves Repair Sales Services Manager

Ref Id:  PMD/VRSSM
Location: Nigeria

Responsibilities

  • Reporting to the Workshop Sales Service Manager, this person is responsible for the management of the sales of the valve shop, driving interaction with clients on AOSO’s capabilities and providing guidance on quotations and contracts.
  • Work across the organization to influence and promote the valve maintenance business including direct selling, training, coaching, proposals/cost estimation assistance for our target market segments.
  • Work with the sales and valve maintenance workshop teams to review our offering ensuring we are market competitive across our various market segments.
  • Valve shop registration & shop Audits ; Qualification with NCDMB & NIPEX; Registration with IOCs/MFOs/NNPC
  • Valve Services Proposals ; Tracking Nipex Tenders
  • Liaise with Customers’ Valve workshops ; Align cost structure and Prepare Bids & Proposals
  • Monitor the market and evaluate competition and customer specific strategic and operational factors to support business decisions.
Qualification &  Requirements 
  • Technical Bachelor’s degree from an accredited university.
  • Minimum of 10-12 years relevant experience in technical sales in the Oil & Gas industry.
  • Demonstrated track record of sales / business development growth in Nigeria within oil & gas market – target customers’ production/maintenance/operations/L&D/asset management organizations
Skills Required:
  • Willingness and ability to travel 60% time across Nigeria
  • Must be a self-starter who is driven to completion of sales orders and project execution.
  • Working knowledge of Valve repairs.
  • Excellent verbal and written communication skills, ability to read and write English
How to Apply
Interested and qualified candidates should:
Click here to apply

Application Deadline Date 
6th October, 2017.

Thursday, October 05, 2017

Offshore Company Representative at Hobark International Limited (HIL)


Hobark International Limited (HIL) is the parent company of the Hobark group operating in the oil and gas industry. The company was incorporated in 1998, starting as a staffing agency based in Port Harcourt. Currently we have offices in 4 countries with our head office in Lagos.Offshore Company Representative at Hobark International Limited (HIL)

We are recruiting to fill the position below:

Job Title: Offshore Company Representative (Night)

Req I D: Req-1165
Location: Offshore

Description
  • The Company rep is designated Responsible for Safety and Environment on Site delegate (RSES-D) and is directly accountable for the safe execution of the offshore works.
Installation Activities
The SERVICE holder is UFR Contractor’s focal point for day to day activity onboard the installation vessel. In a narrow coordination with the UFR Installation team based in Lagos, the SERVICE holder shall:
  • Supervise that the agreed procedures are respected during all the offshore presence of the installation vessel on Company site, mainly for the following activities performed onboard the vessel by URF Contractor:
    • Supply / Barge activities alongside or at close vicinity of the vessel
    • Transfer of equipment onboard the vessel
    • Deck operations o Lifting, overboarding, lowering and landing of subsea structures
    • Subsea ROV works
  • Ensure that any modification of the agreed procedure is covered by the Management Of Change agreed process
  • Sign in due time and when satisfactory preparation level has been achieved each specific Ready For Installation certificate.
  • Communicate with onshore support to:
    • Plan the coming operations
    • Mobilise offshore relevant personnel from other packages (i.e. SPS & Umbilical Contractor Personnel)
  • Communicate, in accordance with the defined project procedures, with COMPANY Representative acting onboard other vessel(s) working at Site in case of co-activities or SIMOPS activities
HSE:
  • The SERVICE holder is responsible, onboard the installation vessel, to ensure that COMPANY HSE standards are applied throughout the operations and participates to hazard assessments for any activity involving the vessel. The company rep shall lead the offshore team and shall demonstrate exemplary HSE behavior to en ensure all works on the vessel shall be conducted in a safe manner according to the Companies Golden Rules, CONTRACTOR HSE rules and international and local regulations. He is the COMPANY’s focal point in case of an emergency onboard the vessel and ensures proper implementation of the emergency response procedures. In particular the UFR Offshore Company Representative shall:
    • Regularly call meetings to remind and motivate the Company and Contractor offshore team of the HSE principles
    • Ensure all meetings start with a Safety Moment
Qualifications
  • Sound background in Oil and Gas installations, marine operations and offshore construction.
  • Minimum 10 years experience in Design and Installation of Subsea / Deepwater Steel Structures or previous exposure to UFR EPCI projects.
  • Good knowledge of international structural design codes / standards
  • Good organizational skills
  • Experience in leadership and team management
  • Fluent in English (verbal and written).
  • BOSIET certificate.
Primary Skills:
  • Construction Manager, Installation Engineer, Marine Operations, Engineering, EPC, Oil & Gas, Operations, Production.
How to apply
Interested and qualified candidates should:
Click here to apply online

Application Deadline DateNot Specified

Logistics Specialist at Economic Community of West African States (ECOWAS


The Economic Community of West African States (ECOWAS) is a regional group of fifteen West African countries. Founded on 28 May 1975, with the signing of the Treaty of Lagos, its mission is to promote economic integration across the region. Considered one of the pillars of the African Economic Community, the organization was founded in order to achieve collective self-sufficiency for its member states by creating a single large trading bloc through an economic and trading union. It also serves as a peacekeeping force in the region. The organization operates officially in three co-equal languages French, English, and Portuguese.Logistics Specialist at Economic Community of West African States (ECOWAS)

We are currently recruiting for the vacant position below:

Job Title: Logistics Specialist

Reference: ECW/WAHO-CDC/11
Location: Abuja, Nigeria
Grade: P3/P4
Status: Permanent
Reports to: Head of Division, Administration and Finance

Job Summary 
  • Under the supervision of the Head of Administration and Finance Division, the logistician is responsible for assisting in the management of all logistical aspects related to epidemic prevention, detection and control, particularly within the framework of the deployment of the ECOWAS Regional Rapid Response Team.
Duties and Responsibilities
The Incumbent will work closely with the Professional Staff of the ECOWAS Regional Centre for Disease Surveillance Control, in particular with the Incident Manager. He/she shall:
  • Provide logistic services for the deployments of the ECOWAS Regional Rapid Response Team.
  • Support the Administration division in planning and organizing the work of casual/temporary staff
  • In collaboration with the Administration Officer of the ECOWAS Regional Centre for Disease Surveillance and Control, monitor supplies and relationship with suppliers
  • Send reminders in case of delay in the delivery to the store and inform Line Manager.
  • Supervise and send faulty materials or products back to suppliers for replacement
  • Manage equipment and materials safety.
  • Supervise control of supplies and equipment (including vehicles, electrical / electronic equipment) and development of user and maintenance guides (guides, protocols, procedures, etc.)
  • Provide administrative and financial guidelines regarding logistical aspects and the use of equipment, in particular vehicles (insurance, registration, tax discs/license tags, driving licenses, etc.)
  • Ensure the availability of facilities for storage of equipment
  • Plan and organize with local and international suppliers and freight forwarders/clearance agents, the transport of medicines, vaccines, reagents, materials and equipment for epidemics prevention, detection and control: customs clearance, search for storage site, negotiating contracts with freight forwarder/clearance agent etc.
  • Supervise and manage activities of receipt, storage and provision of materials in the warehouse.
  • Manage the flow of materials between the area of storage or the warehouse and intervention sites, in particular of the Rapid Response Team.
  • Collect information and analyze context
  • Establish the basic safety plan
  • Comply with the proper application of safety procedures and rules
  • In addition, as part of his/her mission, the Logistician (s) will be required to supervise handling staff, as needed.
Qualifications/Experience/Skills
  • A Bachelor’s degree in logistics or related field;
  • Proficiency in Microsoft Excel, logistics processes (flow management, inventory management) and logistics performance indicators.
  • Possession of higher degree would reduce the required professional experience to three (3) years;
  • Excellent leadership skills, collaboration with partners, good interpersonal relations and advocacy skills.
  • Excellent strategic thinking, global approach, report writing abilities).
  • Excellent communication and negotiation skills as well as good knowledge of health policies and work environment in ECOWAS Countries.
  • Control of storage procedures and optimal preservation conditions for pharmaceuticals
  • Basic knowledge of management for the development and monitoring of an order budget
  • At least 5 years of professional experience in Operations and Logistics Engineering;
Age:
  • Candidate must not be more than 50 (fifty) years of age at the point of recruitment and must be an ECOWAS citizen.
Language:
  • Must be fluent in one of the official languages of the Community; English, French and Portuguese. A working knowledge of another would be an advantage.
Annual Salary
USD 36,901 USD 44,469/ USD 44,328 – USD 51,637

How to Apply
Interested and qualified candidates should download the “Job Application Form” below, fill it and send it as an email attachment together with their CV’s to: logistics@ecowas.int
Click Here to Download Job Application Form (MS Word)

Application Deadline Date: 
26th October, 2017.