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



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