News
Phillips Consulting Tasks Organisations on Future of Work
Phillips Consulting Limited, a leading business and management consulting firm in Africa in collaboration with Nigerian-South African Chamber of Commerce, (NSACC) recently held a webinar to share practical experiences and propose viable solutions for unique future of work and market post pandemic.
According to experts who spoke at the programme, “The “post-pandemic” world of work will continue to evolve. With no clear answers in sight, organisations will continue to search for best-fit solutions to navigate the uncertainty around us. There is no doubt that this will have an impact on our lives.”
The consensus position was that, with little to no information about Africa, specifically the Nigerian business environment, many thought leaders offer solutions suited to advanced economies.
However, differences in everyday realities such as technology adoption, economic strength, demographics, and educational levels affect the pattern of evolution in developing and emerging markets.
According to Head of Advisory- People Transformation, Mr. Joshua Ademuwagun, who delivered pcl.’s perspective on the future of work, he emphasised that people can neither stop nor fight the future of work.
Ademuwagun further advised that organisations should position themselves to ride the wave of change by answering the questions about why, by whom, when, and how we will do work in the future.
Partner Strategy and Operations Transformation, Omorinsola Sofola, who spoke about the pcl. experience and how the firm had evolved to meet the new demands of remote work during the lockdown, mentioned that engaging employees in designing their future workspace created a sense of ownership and identity.
She further cited pcl. ’s Strategic Preparedness Report, stating that organisations need to ensure a culture built on diversity and inclusion. This often involves engaging key staff members, not just executives. She discussed how pcl. had used its Phillips Accelerated Solution Environment (pASE™) to help clients solve culture and community challenges.
Meanwhile,Remi Dada, CEO of Spacefinish, noted that nobody knows the answer to the future of work and that we are all experimenting. “The good news is that we are probably making the correct guesses.”
He pointed out that the future of work is not just about physical buildings but about human and social behaviours.
Speaking on effect of technology in new future of work, Tosin Okojie, VP Financial Planning and Analysis of Andela, revealed that technology is now the trusted intermediary between employer and employee, creating a network effect that has scaled the gig economy and, in the process, made organisations more agile.
In his opinion, Babajide Duroshola, General Manager of M-Kopa reminded everyone that the future of work is borderless, even for the Nigerian market, “We no longer need to have people confined to working in a specific geographical location. With COVID-19 pushing globalisation and allowing for accessible communication and dissemination of information, employees no longer need to be in the same country or time zone.”
Adedapo Segun, chief financial officer (CFO), Nigerian National Petroleum Company Limited (NNPC), has explained why there is a missing sum of N210 trillion in the company’s audited financial statement spanning from 2017 to 2023.
According to Segun, the missing funds are cash calls requested by joint venture (JV) partners and settlement to the JVs.
He spokeat a session of the Senate Committee on Public Accounts chaired by Aliyu Wadada.
Segun was responding to an alarm raised by the committee over missing N210 trillion in NNPCL’s audited financial statement.
Recall that Wadada issued a one-week ultimatum to NNPCL to account for the missing N210 trillion.
Reacting, Segun said, “The N103 trillion and N107 trillion are made up of joint venture cash calls that have been requested by the JV operators and JV cash call payments made by NNPCL, which are yet to be reconciled because governance procedures were not done at that time.
“That is why you see the description reflecting those two items would be washed out because they are two sides of the same transaction, which is the cash calls by JV partners and the settlement by NNPCL.”
However, Habu Sadeik, a financial analyst, in a post on X on Thursday, said Segun’s response was unsatisfactory.
Saidik faulted NNPCL’s response about the fund discrepancies, noting that something is not right with the audited financial statement.
“Forget about the senators’ lack of knowledge.
“The CFO’s response is not satisfactory. Are you saying that cash calls worth hundreds of trillions are just appearing on your FS only in 2024 without 31 disclosure?
“If it’s a cash call, why hasn’t the disclosure said so?
“Which cash call is over 100 trillion?
“Something is definitely not right, and I hope they retrospectively correct that FS.
“Someone somewhere did a chef’s work,” he wrote on X.
PalmPay, Nigeria’s leading fintech company, has partnered with Globacom to launch the second edition of the “Recharge and Win Bonanza” campaign. The promotion, which runs from June 19th to August 8th, 2025, offers Nigerians the chance to win amazing prizes when they purchase Glo airtime and data via the PalmPay app.
According to a joint statement by PalmPay and Globacom, “A weekly live raffle draw will be held and streamed on PalmPay’s official social media channels throughout the campaign. Customers who make Glo transactions through the PalmPay app will be eligible to win prizes, including the iPhone 15 Pro, Infinix Hot 40, and other exciting items”.
To participate, interested customers can log onto http://bit.ly/PalmPaySms .
The statement added that all transaction above N500 gives participants an extra shot at winning, adding that daily social media challenges will also offer participants a chance to win cash prizes.
Additionally, PalmPay users can enjoy up to 6% cashback when they buy Glo airtime and data through the PalmPay app. As an added bonus, customers who have not subscribed to a Glo data plan in the last 90 days will receive a 100% bonus on their recharge during the campaign period.
Wayne Ruppel, Head of Billers at PalmPay Limited expressed excitement about the partnership, stating that, “This collaboration is a major step in our mission to deliver MORE – more support, more rewards, and more innovation to our customers.
Partnering with Glo, a leader in the telecommunications sector, is a testament to our shared commitment to improving everyday experiences for all Nigerians. We are excited to reward our users and encourage everyone to take full advantage of this exciting opportunity.
Globacom also expressed delight at creating additional value for its subscribers through unique customer-appreciation schemes.
“Our partnership with PalmPay on the “Recharge and Win Bonanza perfectly underscores our commitment to delivering exceptional value and experiences. Over the years, we have always sought innovative ways to enrich the lives of our customers. We, therefore, enjoin our subscribers to utilize the opportunity provided by the bonanza and enjoy the many benefits it offers”, the company stated.
PalmPay and Glo will collaborate throughout the campaign period to deliver exceptional customer experience, reward loyalty, and reinforce their shared mission to make digital transactions more accessible, rewarding, and secure for millions of Nigerians.
News
UK Reaffirms 99% Duty-Free Access for Nigerian Exports Under Developing Countries Trading Scheme
United Kingdom has reiterated its long-term commitment to strengthening economic ties with Nigeria, confirming that 99% of Nigerian goods will continue to enjoy duty-free access to the UK market under the Developing Countries Trading Scheme (DCTS).
Dr. Richard Montgomery, British High Commissioner to Nigeria
The announcement reinforces the UK’s intention to bolster sustainable trade with Nigeria, boost export competitiveness, and promote inclusive economic growth across both nations. Introduced in June 2023, the DCTS is designed to reduce tariffs and simplify export rules for developing economies. It currently benefits 37 African countries, with Nigeria being a key player.
Nigerian exporters are set to gain substantial advantages from the scheme, which allows over 3,000 products—ranging from cocoa, plantain, and shrimp to processed items like cocoa paste, palm oil, and cotton garments—to enter the UK duty-free or with reduced tariffs. This shift supports value addition in Nigeria’s export ecosystem, encouraging the move from raw to processed exports.
British High Commissioner to Nigeria, Dr. Richard Montgomery, said: > “Nigeria stands at the heart of the UK’s global trade ambitions. This isn’t just about improved market access—it’s about building a fairer, freer global trading system that supports economic growth and job creation, both in developing countries and in the UK.”
He further noted that through the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP), the UK continues to work closely with the Federal Ministry of Industry, Trade and Investment (FMITI) to tackle export challenges and maximise opportunities under the scheme.
The DCTS aligns with broader UK efforts to expand trade relations across the globe, complementing recent agreements with nations such as India and the United States.
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