Friday 19 December 2014
CSR News Summary Issue 98
Empowerment:
SURE-P GIS trains 100 Graduates in Edo
The
Graduate Internship Scheme, GIS, component of the Subsidy Reinvestment and
Empowerment Programme has trained 100 interns and 10 firms in Edo State.
Published
in Vanguard Newspaper on Sunday, 14th December, 2014
Survey:
36.9 Nigerians Excluded from Financial System
Findings from the EFInA access to financial services in Nigeria 2014
survey has revealed that 36.9 million adults, representing 39.5 per cent of the
population are financially excluded.
Published
in ThisDay Newspaper on Monday, 15th December, 2014
Agriculture:
FG to save N128bn, create three million jobs from Cassava Bread Policy
The Director-General,
Federal Institute of Industrial Research, FIIR, Oshodi, Dr. Gloria Elemo
yesterday disclosed that Federal Government would save up to N128bn annually
from the 10 per cent cassava flour inclusion policy in the production of bread.
Published
in ThisDay Newspaper on Monday, 15th December, 2014
Report:
AfDB Launches Flagship African Development Report
On Tuesday, December 16, the African
Development Bank launches the 2014 edition of its flagship publication the African
Development Report on the theme “Regional Integration for Inclusive
Growth”.
Africa’s regional integration has been a
key economic and political aspiration since the independence decade of the
1960s. It is also an important pillar for the work of the African Development
Bank, which is celebrating its 50th anniversary as Africa’s premier development
finance institution in 2014.
Published
in ThisDay Newspaper on Monday, 15th December, 2014
Education:
FG doubles education budget in 4 years
The Federal Government doubled its budget
for the nation’s education sector within four years, Minister of Education,
Mallam Ibrahim Shekarau, said this in Abuja, yesterday while unveiled new
government’s plan aimed at rapidly transforming the nation’s education system.
Published in The Punch Newspaper on Tuesday, 16th
December 2014
UNODC, NAPTIP, NIS launch Campaign against
Human Traffickers, others
United Nations Office on Drugs and Crime in
collaboration with the National Agency for the Prohibition of Trafficking in
Persons and other related Matters and Nigeria Migration Service will today kick
off a three-day workshop aimed at curtailing trafficking in person and
smuggling of migrants.
Published in The Punch Newspaper on Tuesday, 16th
December 2014
Partnership: Afrinvest, Ghanaian Investment
bank partner for expansion
Afrinvest (West Africa) Limited, a Nigeria-based wealth
advisory firm, has entered into a partnership agreement with Serengeti Capital
Limited of Ghana to further expand its business portfolio and strengthen its
capacity to execute transactions within the West African investment market.
Published in The Punch Newspaper on Tuesday, 16th
December 2014
Agriculture: Forum Seeks To Rave-Up Nigeria’s Cocoa Supply
Although cocoa production account for only 0.3
per cent of Nigeria’s agricultural Gross Domestic Product (GDP), it has
remained the main agricultural export commodity for the nation.
Published
in The Punch Newspaper on Wednesday, 17th December 2014
The Federal Government has pledged to
protect the economy from any external shock that might arise from the global
drop in oil prices. Government also warned that it would not allow mischief
makers it described as “merchants of fear” to distort facts about the economy
in order to sow seed of hopelessness to Nigerians.
Published
in The Punch Newspaper on Wednesday, 17th December 2014
Award: Gbeneol bags UN award for youth empowerment
The
Senior Special
Assistant to the President on Millennium Development Goals, Dr. Precious
Kalamba Gbeneol has bagged a UN award for leading the line in the efforts to
empower the youths in the country.
Published
in The Punch Newspaper on Wednesday, 17th December 2014
The Infrastructure Bank Plc (TIB) has sealed
a pact with Gemfonds of UK and Madrid-based investment banking firm- Sigrun,
for a $500 million Nigeria-focused Infrastructure Fund.
Published
in Vanguard Newspaper on Thursday, 18th December 2014
The Nigeria Postal Service sector may have
added about N289.7 billion to the economy within the last four years.
Published
in The Nation Newspaper on Thursday, 18th December 2014
The unsteady crude oil prices has again
drawn the attention of major stakeholders in the petroleum sector, who
advocated a critical need to re-order the economic priorities of the nation, to
ensure a sustainable growth.
Published
in Vanguard Newspaper on Thursday, 18th December 2014
Energy:
Nigeria Employs Satellitte to Chase $1bn Gas Flaring
Nigeria
has started using a satellite tracking system to help it bring in more than $1
billion a year in fines which it could charge for illegal gas flaring.
Published in ThisDay Newspaper on Friday, 19th December
2014
Environment:
Lawmakers fine Shell $4bn for 2011 Bonga Oil Spill
Nigeria's
National Assembly said on Wednesday oil major Shell should pay $3.96 billion
for a 2011 spill at its offshore Bonga oilfield in the latest assessment of
damage to the environment.
Published in ThisDay Newspaper on Friday, 19th December 2014
Published in ThisDay Newspaper on Friday, 19th December 2014
Economy: Nigeria requires $113bn to revamp 3 critical
sectors of economy – BPE boss
The Director General
of the Bureau of Public Enterprises, BPE, Mr. Benjamin Dikki says Nigeria
requires fresh injection of about $113 billion in six years for the development
of three critical sectors of the nation’s economy, namely Oil and Gas, Power
and Transport.
Published in ThisDay Newspaper on Friday, 19th December
2014
Monday 1 December 2014
CSR News Summary Issue 97
Project
Alert, Access Bank partner against sexual violence
Project
Alert On Violence Against Women, a non-governmental organisation, and Access
Bank, have entered into a partnership to bring an end to sexual violence on
young persons in schools.
Published
in TheNiche Newspaper on Sunday, 23rd November, 2014
Power:
American Consortium to deliver 1,200mw Solar Power
A
consortium of American Investors in renewable energy, under the auspices of
MOTIR SEASPIRE has signed a Memorandum of Understanding, MoU, with the federal
government to deliver 1,200MW of solar-powered electricity in Nigeria within
the next two years.
Published
in TheNiche Newspaper on Sunday, 23rd November, 2014
Agriculture:
World Bank, Dangote, Dfid Partner for Tomato Market Development
The World Bank Group, United Kingdom’s
Department for International Development (DFID) and Nigeria’s Dangote Farms
have commenced a hybrid tomatoes production in project in Kano aimed at
maximising the local content supply for tomato processors in the country,
beginning with Dansa Holdings.
Published
in BusinessDay Newspaper on Monday, 24th November, 2014
Finance:
New National Development Bank to kick-off with $2bn capital
Ngozi Okonjo-Iweala,
Co-ordinating Minister for the Economy and minister for finance, confirmed to
BusinessDay that the Federal government is approaching $2 billion as take-off
capital for the proposed Development Bank of Nigeria (DBN).
Published
in BusinessDay Newspaper on Monday, 24th November, 2014
Finance:
69 countries propel Nigeria to Africa’s Financial Centre
Capital inflows into
Nigeria worth $37.6 billion (N5.9 trillion) between January 2013 and Q3 2014
have moved the country a step closer to becoming Africa’s number one financial
centre, according to BusinessDay Research and Intelligence Unit’s (BRIU)
findings.
Published
in BusinessDay Newspaper on Monday, 24th November, 2014
Investment: Investment in Nigeria’s pharma
sector hits N70bn
Investment
in Nigeria’s pharmaceutical sector has hit N70 billion in the last four years,
the Pharmaceutical Manufacturers Group of the Manufacturers Association of
Nigeria (PMG-MAN)
Published in The Punch Newspaper on Tuesday, 25th
November 2014
Award:
Sterling Bank bags Award
Sterling Bank Pls has been adjudged the
‘Agric Bank of the Year 2014 in Nigeria.’
Published in The Punch Newspaper on Tuesday, 25th
November 2014
Finance:
Oil Companies, Nigerian Banks Coomit $20bn Funding Initiatives
The
Oil Producers’ Trade Section (OPTS) of the Lagos Chamber of Commerce and
Industry (LCCI), which is an association of all the leading oil and gas
–producing companies in Nigeria, and some Nigerian banks have made available
over $20 billion in funding commitments, under various contractor financing
initiatives.
Published in The Punch Newspaper on Tuesday, 25th
November 2014
Environment:
Shell shuts pipeline, begins investigation into leaks
Shell Petroleum development Company of Nigeria has shut
its Trans-Niger Pipeline, which carries its key grade crude, Bonny Light
BFO-BON, after discovering a leak on Saturday.
Published in The Punch Newspaper on Tuesday, 25th
November 2014
Empowerment: Ecobank moves to boost
entrepreneurship
The
Ecobank Group says it has partnered with the Africa SME Champions Forum to
ensure a successful hosting of over 300 Small and Medium Enterprises in Dakar,
Senegal.
Published
in The Punch Newspaper on Wednesday, 26th November 2014
Award:
Skye Bank rated best in Risk Management
Skye
Bank Plc has been rated best in risk management as it won the “Best Bank in
Nigeria in Risk Management” award.
Published
in The Guardian Newspaper on Wednesday, 26th November 2014
CBN
Devalues Naira, raises lending rate to 13 per cent
The
Central Bank of Nigeria (CBN) devalued the naira and raised interest rates by
100 basis points on Tuesday, as it sought to stem losses to its foreign
reserves from defending the currency hit by weaker oil prices.
Published in Vanguard Newspaper on Thursday, 27th November
2014
Infrastructure: Japanese Government pledges
more support with impactful Projects in Nigeria
The
government of Japan has pledged to continue its support for Nigeria by
providing more impactful projects for citizens, especially those with
limited access to life-saving facilities such as hospitals and schools for
rural children who have hitherto been denied the opportunity of learning in
conducive environments.
Published in The Guardian Newspaper on Thursday, 27th November
2014
Power: Government to sanction DISCOs for
rejecting Power Allocations
The
Federal Government, Tuesday, accused some electricity distribution companies of
refusing to accept electricity allocated to them, despite widening power
distribution gap in the country.
Published in The Guardian Newspaper on Thursday, 27th
November 2014
Award: BoI,
Microsoft, Leadway, banks bag 2014 SME Awards
This
year’s Nigerian SME Excellence Award and Global Entrepreneurship Week (GEW)
ended last weekend with 15 corporate organisations and individuals clinching
the coveted Nigerian SME Excellence Award.
Published in The Guardian Newspaper on Thursday, 27th
November 2014
Energy: Government
commences design of $5b Trans-Nigeria gas Pipeline
The
Federal Government will spend between $4 billion and $5billion to develop the
gas infrastructure blueprint expected to ensure sufficient supply of natural
gas both for domestic use and export.
Published in The Guardian Newspaper on Thursday, 27th
November 2014
Health: 300m are
diabetic, says WHO
About 143 million people worldwide have
been estimated to have diabetes and the figure, according to Pharmacist Lanre
Alege of the University of Ilorin Teaching Hospital (UITH), is expected to rise
to 300 million persons by the year 2025.
Published in The Nation Newspaper on Thursday, 27th
November 2014
Corporate
Government: Experts urge shareholders to promote good Corporate Governance
Shareholders
need to ensure that quoted companies comply with global best practices in
corporate governance to sustain long-term growth and accountability.
Published in The Nation Newspaper on Thursday, 27th
November 2014
Energy: Nigeria Employs
Satellitte to Chase $1bn Gas Flaring
Nigeria has started
using a satellite tracking system to help it bring in more than $1 billion a
year in fines which it could charge for illegal gas flaring.
Published in ThisDay Newspaper on Friday, 28th
November 2014
Environment:
Lawmakers fine Shell $4bn for 2011 Bonga Oil Spill
Nigeria's National
Assembly said on Wednesday oil major Shell should pay $3.96 billion for a 2011
spill at its offshore Bonga oilfield in the latest assessment of damage to the
environment.
Published in ThisDay Newspaper on Friday, 28th November 2014
Published in ThisDay Newspaper on Friday, 28th November 2014
Tuesday 18 November 2014
CSR News Summary Issue 96
Industry Pulse:
Schneider Electric appoints new Country President
The
global specialist in Energy management has announced the appointment of Mr.
Walid Sheta as the new Country President of its subsidiary in Nigeria.
Published
in The Guardian Newspaper on Sunday, 9th November, 2014
Agriculture: FG
Plans Calaro Palm Estate for Crop Processing Zone
Impressed by the giant strides taken by
PZ Wilmar Plc that has given fillip to the Agricultural Transformation Agenda
of the Federal Government, and impacting the economic landscape of Cross River
State, where it established an expansive oil palm plantation, the Federal
Ministry of Agriculture and Rural Development has earmarked the estate as a
Staple Crop Processing Zone (SCPZ).
Published
in The Guardian Newspaper on Sunday, 9th November, 2014
Agriculture: Nigeria gets accreditation to certify Agro-Produce for Export
The
Federal Government has signed Memoranda of Understanding, MoU, with three power
firms – 3D Hitech System Ltd, SEPCOIII Electric Power Construction Corporation,
and CGC Nigeria Ltd, with a view to boosting generation, distribution, and
supply in Nigeria.
Published
in The Guardian Newspaper on Sunday, 9th November, 2014
Education:
FG approves N435m for 2,400 North – East Students
The
Federal Government on Thursday approved the sum of N435m for the sponsorship of
the education of 2,400 students in the three states mostly affected by
terrorists activities.
Published
in ThisDay Newspaper on Monday, 10th November 2014
Education:
British Council advises FG on Education
The
Federal Government on Thursday approved the sum of N435m for the sponsorship of
the education of 2,400 students in the three states mostly affected by
terrorists activities.
Published
in ThisDay Newspaper on Monday, 10th November 2014
Infrastructure:
Nigeria needs N8.7tn Investment for Gas Infrastructure
The
Africa Finance Corporation says $53bn investment is required to address the
huge deficit in gas infrastructure in the country.
Published
in ThisDay Newspaper on Monday, 10th November 2014
TETFund commits N23 billion into e-resources to enhance Research
The Tertiary Education Trust Fund (TETFUND) on
Wednesday said it had committed N23.8 billion between 2001 and 2013 to public
tertiary institutions for the acquisition of library books and e-resources.
Published in The Punch Newspaper on Tuesday, 11th
November 2014
Growth: Oil &
Gas firms looking to bonds to fund growth and acquisitions
Nigerian exploration and production firms
in the oil and gas industry are looking beyond bank loans and syndicated loans
to fund asset acquisitions and growth.
Published in The Punch Newspaper on Tuesday, 11th
November 2014
Industry
Pulse: Kuramo Capital founder joins Obama’s Advisory Council
The
Founder and Chief Investment Officer, Kuramo Capital Management, Mr. Walé
Adeosun, has been appointed to the newly established President Obama’s Advisory
Council on Doing Business in Africa.
Published
in The Punch Newspaper on Tuesday, 11th November 2014
Education: British Council advises FG on Education
The Project Manager, British Council in
Lagos, Sephora Imomoh, has identified the need for the Federal Government to
invest heavily in the education sector in the country.
She also said that there was need for
improved research and collaboration between the education sector and other
sectors in the Nigerian economy.
Published
in The Punch Newspaper on Wednesday, 12th November 2014
Industry
Pulse: NCC Appoints Aragba-Akpore as Head of Media
The Nigerian
Communications Commission (NCC) has appointed Mr. Sonny Aragba-Akpore as its
new Head of Media.
Published
in The Guardian Newspaper on Wednesday, 12th November 2014
Environment:
Amnesty accuses Shell of knowing pipes were faulty before two oil spills
Royal Dutch Shell Plc has been accused by Amnesty
International of downplaying the size of two oil spills in Nigeria and knowing
the pipelines were faulty before they burst, reports Bloomberg.
Published in Vanguard Newspaper on Thursday, 13th November
2014
Agriculture: FG targets 51m MT of Cassava
Production by 2017
The Minister of
Agriculture, Mr. Akinwunmi Adeshina has disclosed that the federal government
targets 51m metric tonnes of cassava production in 2017 up from the 38m metric
tonnes of cassava produced currently.
Published in Vanguard Newspaper on Thursday, 13th November
2014
ICT: 49.6m Phone Lines Inactive in Third Quarter of 2014
A total of 49,641,091
phone lines in Nigeria were dormant at Q3 2014, latest telecoms market
information released by the industry regulator has shown.
Published in Guardian Newspaper on Thursday, 14th November
2014
Power: Solar
Energy Can Generate 100times Nigeria’s Current Power Capacity, Says Kuku
A former President of Council for Renewable Energy of Nigeria
(CREN), Prof. Titilayo Kuku has stated that with Nigeria’s enormous solar
energy potentials, the country can use only one per cent of her land area to
generate one hundred times the current capacity of the national grid from solar
power.
Published in Guardian Newspaper on Thursday, 14th November
2014
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