CSR News Summary Issue 89

CashFlow: Investment Inflows to Nigeria Decline 42% to $2.86bn

Apparently worried by the outcome of the 2015 election foreign investors are beginning to scale down their level of investment in Nigeria as witnessed by marked slowdown in investment inflows in its first quarter of the year.

Published in ThisDay Newspaper on Monday, 18^th August 2014

Empowerment: Oando to train 1,000 Mechanics

Oando Marketing Plc is preparing to train 1,000 mechanics across the country on how to repair vehicles. The training is among its empower programmes to sustain its brand.

Published in ThisDay Newspaper on Monday, 18^th August 2014

Award: Procter & Gamble receives African Business Leadership Awards

The African Business Leadership Magazine has recognised Procter and Gamble’s commitment to economic and social investments throughout sub-Saharan Africa, with the Africa Business Leadership AwardQQQ1

Published in ThisDay Newspaper on Monday, 18^th August 2014

Philanthropy: Weco Systems donates computers to secondary schools

Weco Systems International has donated computers to selected schools in Lagos and Anambra State.                                   

Published in The Punch Newspaper on Tuesday, 19^th August 2014

Investment: Etisalat laments poor Returns on Investments

Etisalat Nigeria has said about its $300m investments in network expansion and upgrade this year has not yielded any profit.

Published in The Punch Newspaper on Tuesday, 19^th August 2014

Power: NERC defends position as Power Sector Regulator

The Nigerian Electricity Regulatory Commission on Monday defended its position as the only authorised regulator of the power industry.

Published in The Punch Newspaper on Tuesday, 19^th August 2014

Infrastructure: FG seeks $1bn loan for Irrigation, Water Supply

The Federal Government said it would seek about $1bn from its development partners to improve Water Supply and Irrigation Services in Nigeria.

Published in The Punch Newspaper on Tuesday, 19^th August 2014

 

Health: AfDB approves $60m in response to Ebola Outbreak

 

African Development Bank (AfDB) has approved additional $60 million for grant investment for immediate implementation to help strengthen West Africa’s health systems in response to the Ebola Virus Disease (EVD) crisis.

Published in The Nation Newspaper on Wednesday, 20^th August 2014

Infrastructure: Lagos assures residents on potable Water Supply by 2020

 

Lagos State Governor, Babatunde Fashola (SAN) has assured residents of the government’s commitment in meeting the demand of portable water supply by 2020.

Published in The Nation Newspaper on Wednesday, 20^th August 2014

 

Power: World Bank commits $5b to Power Sector in Nigeria, others

 

The World Bank Group has committed $5 billion in new technical and financial support for energy projects in six African countries.

Published in The Nation Newspaper on Wednesday, 20^th August 2014

Health: Survey reveals Nigerians distrust Local Hospitals

A combination of wide spread fear of the disease, limited availability of the right public health education, on – going doctors’ strike and subsequent sack or resident doctors in public sector hospitals have shaken Nigerians’ faith in the capability of local hospitals to manage the Ebola Virus Disease.

Published in The Guardian Newspaper on Wednesday, 20^th August 2014

Financial Inclusion: Keystone Bank takes Financial Inclusion to Children

In line with the Central Bank of Nigeria financial inclusion policy, Keystone Bank Limited at the weekend took the message to children, teaching them the benefit of having a saving culture.

Published in The Guardian Newspaper on Wednesday, 20^th August 2014

Philanthropy: Techno Oil boost Gas Utilization, donates Cylinders

 

Techno Oil has intensified its efforts to promoting utilization of Liquefied Petroleum Gas in the country, through the distribution of gas and cylinders to encourage customers.

Published in The Guardian Newspaper on Wednesday, 20^th August 2014

Philanthropy: Ogba Rotary donates Mosquito nets to Community

The Rotary Club of Ogba, District 9110 Nigeria, has donated insecticide-treated mosquito nets to the Aguda community in Ogba, Lagos.

Published in The Guardian Newspaper on Wednesday, 20^th August 2014

 

Health: Gbagada Rotary equips school, health centre, others

It was donations galore during the recent visitation of the District Governor, Rotary International, District 9110 comprising Lagos and Ogun States, Dr. Dele Balogun to Rotary Club of Gbagada (South) as the club went visiting some sections of the community. 

Published in The Guardian Newspaper on Thursday, 21^st August 2014

Infrastructure: NEPAD prescribes $368 billion projects for Nigeria, others

Driving real sector growth that would engender economic development would demand Nigeria and other African countries addressing infrastructural gaps, especially in terms of quality and access, the New Partnership for Africa’s Development (NEPAD) has said.

Published in The Guardian Newspaper on Thursday, 21^st August 2014

 

Empowerment: MultiChoice inspires Undergraduates on hardwork

The General Manager, Mr Martin Mabutho gave this charge to 20 final-year female students of the University of Lagos (UNILAG) during the Take-a-Girl-Child-to-Work initiative done yearly in partnership with the South African High Commission and the University of Lagos.

Published in Vanguard Newspaper on Thursday, 21^st August 2014

 

Education: Nigeria Records Mass Exam Failure

Professor Oyesoji Aremu, Deputy Director, Academics, Distance Learning Centre, University of Ibadan, has called on the Federal Government to declare a state of emergency in the education sector without further delay.

Published in ThisDay Newspaper on Friday, 22^nd August 2014

 

Research: UK, Wellcome offer $10m for Emergency Research

An emergency research call has been launched to help fight the world's worst Ebola outbreak in West Africa, with the British government and the Wellcome Trust medical charity pledging a combined £6.5m ($10.8m).

Published in National Mirror Newspaper on Friday, 22^nd August 2014

 

Industry Pulse: FG appoints new Director General for NACETEM

President Goodluck Jonathan has approved the appointment of Prof. Okechukwu Ukwuoma as the new Director General of the National Centre for Technology Management ,NACETEM.

Published in ThisDay Newspaper on Friday, 22^nd August 2014

 

 

Education: FG targets 1.8million household on schools Agric Programme

The Senior Special Assistant to the President on Schools Agriculture Programme, Dr Baraka Sani has disclosed that a total of 1,776,000 household members is expected to be impacted by the Federal Government through the Presidential initiative on Schools Agriculture Programme.

Published in ThisDay Newspaper on Friday, 22^nd August 2014

 

 

CSR News Summary Issue 88

Energy: Bresson Energy Partners Aggreko On 250MW Power Project In Nigeria

Aggreko Plc, world’s largest temporary power generation company, and Bresson as Nigeria Limited, pioneer independent energy firm, have signed an agreement to reinforce and boost power generation in Nigeria by 250MW.

Published in BusinessDay Newspaper on Monday, 11^th August 2014

Nigeria’s active telephone lines now 129million, says NCC

The Chairman of the Board of Nigerian Communications Commission, NCC, Mr. Peter Igho has said that Nigeria has an estimated 129 million active telephone subscibers.  

Published in BusinessDay Newspaper on Monday, 11^th August 2014

Aid and Assistance: World Bank Pledges U.S. $200 Million to Contain Ebola

The World Bank yesterday pledged $200 million (about Rwf 39bn) to help fight the spread of Ebola, assist communities cope with the economic impact of the crisis and improve public health systems throughout West Africa.

Published in DailySun Newspaper on Monday, 12^th August 2014

Infrastructure: Lagos Set to Get World’s Tallest Residential Sprayed Concrete Tower

 

In the heart of Victoria Island, Lagos Nigeria will soon stand an 18 Storey residential tower with seven 3-bedroom, thirteen four bedroom and two duplex penthouse apartments.

Published in DailySun Newspaper on Tuesday, 12^th August 2014

Bilateral Trade: Nigeria plans to deepen trade with UK

The Nigerian government says it plans to deepen bilateral trade relations with the United Kingdom in order to attract fresh investments into the country.

Published in DailySun Newspaper on Tuesday, 12^th August 2014

 

Education: Sokoto disburses N200m Interest-free Loans to Primary School Teachers

 

Sokoto State Governor, Alhaji Aliyu Wamakko, has commenced the disbursement of N200 million interests-free loans to primary school teachers across the 23 local government areas of the state.

Published in The Nation Newspaper on Wednesday, 13^th August 2014

Health: UCH can Manage Ebola Disease

 

The Management of the University Teaching Hospital (UCH), Ibadan, Oyo State, has disclosed that it has experience in the management of the deadly Ebola virus.

Published in The Nation Newspaper on Wednesday, 13^th August 2014

MDGs: Youths decry exclusion from post-MDGs’ agenda

 

Some Nigerian youths have decried the absence of issues that address challenges confronting them in their formative age in the proposed development agenda will replace the current Millennium Development Goals in 2015.

Published in The Nation Newspaper on Wednesday, 13^th August 2014

Health: Hope rises for Ebola patients as WHO approved drugs

Succour is on the way for Nigerian patients of Ebola as the World Health Organisation (WHO) Headquarters in Geneva, Switzerland, yesterday approved that experimental drugs for the virus could be tested on them.

Published in The Nation Newspaper on Wednesday, 13^th August 2014

ICT: ICT key to effective Healthcare System - Minister

Minister of Communication Technology, Mrs. Omobola Johnson, has said Information and Communication Technology is critical to the provision of effective healthcare systems in the country.

Published in National Mirror on Thursday, 14^th August 2014

Energy: World Bank Invests in Nigerian Power Sector 

 

The Country Representative of the United Nation's Industrial Development Organisation, UNIDO, Mr. Patrick Kormawa, yesterday, disclosed that the World Bank had contributed about $200 million to the development of power sector in Nigeria.

Published in National Mirror on Thursday, 14th August 2014

Empowerment: PIN organises Google Web training for youths

Ajegunle.org, an initiative of Paradigm Initiative Nigeria (PIN), which connects young people with ICT enabled opportunities to help access better livelihoods, has completed a three-week Google Web Training for community youths.

Published in Daily Independent on Thursday, 14th August 2014

 

Energy: Poor Gas, Power Supply Ground Manufacturing Sector

Poor gas supply to power companies for the generation of electricity and for manufacturing concerns to fire their factories is crippling the economy, THISDAY has learnt.

Published in ThisDay Newspaper on Friday, 15^th August 2014.

 

Philanthropy: NCC donates 110 Laptops to LASU

The Nigerian Communications Commission (NCC) has donated 110 laptop computers to the e-learning centre of Lagos State University (LASU), Ojo.

Published in ThisDay Newspaper on Friday, 15^th August 2014.

Philanthropy: MTN Foundation Donates Security Patrol Vans to Edo Government

In line with its corporate social responsibility philosophy, MTN Foundation has donated five Toyota Hilux Security Patrol vehicles to Edo State Government to enhance its security of the state. 

Published in ThisDay Newspaper on Friday, 15^th August 2014.

 

Health: Hope rises as trial drug arrives

A Nigerian scientist has raised the hope of survival for remaining patients of the deadly Ebola virus disease in the country with the donation of an experimental drug for treating the disease.

Published in National Mirror Newspaper on Friday, 15^th August 2014.

 

Philanthropy: TETFUND Donated N456bn in five years

The Executive Secretary, Tertiary Education Trust Fund, TETFUND, Prof. Suleiman Bogoro, has said that about N456bn had so far been release for the execution of projects in various tertiary institutions in the country. 

Published in National Mirror Newspaper on Friday, 15^th August 2014.

 

Investment: Dangote invests $250m in Coal based Power Plant

 

Dangote Group of Company, on Thursday lamented the poor supply situation of gas and LPFO (Black oil) for the past six months, saying it had consequently impacted negatively on businesses and employment in the country.

Published in National Mirror Newspaper on Friday, 15^th August 2014.

 

Labour: FG sacks 16,000 resident doctors

 

The Federal Government has sacked all resident doctors in the country indefinitely.

Published in National Mirror Newspaper on Friday, 15^th August 2014.

 

CSR News Summary Issue 87

ICT: Nigeria leads African tech start-ups in DEMO Programme

 

Fourteen Nigerian technology start-ups are among 40 that have qualified to launch products on the DEMO Africa stage in September 2014.

Published in The Niche Newspaper on Sunday, 3^rd August 2014

 

Philanthropy: X3M Ideas donates ICT equipment to schools

 

X3M Ideas marks its second year anniversary on Friday, August 1 by donating information communication technology (ICT) equipment to two secondary schools in Ikeja, Lagos.

Published in The Niche Newspaper on Sunday, 3^rd August 2014

 

Industry Pulse: FMDO gets New Board as 6 Pioneer Directors retire

 

The newly appointed board members of the FMDO Plc have pledged to further pursue the institution’s GOLD agenda initiative.

Published in BusinessDay Newspaper on Monday, 4^thAugust 2014

Industry Pulse: Alade Elected AFC Chairperson

 

The Board of Directors of Africa Finance Corporation has elected the Deputy Governor, Economic Policy, Central Bank of Nigeria, Dr. Sarah Alade, as its new Chairperson. Published in ThisDay Newspaper on Monday, 4^thAugust 2014

Empowerment: Cross River empowers 13,000 Youths through MSMEs

The Central Bank of Nigeria has granted one year waiver on withdrawal charges for both individual and corporate accounts in 30 out of the country’s 36 states, following the take-off of cashless policy.

Published in Daily Sun Newspaper on Tuesday, 5^thAugust 2014

Grants: UI Foundation grants funds to 7 Research Groups

Seven research groups at the University of Ibadan have been offered at least N10 million by the Research Foundation Collaborative Grants.

Published in Daily Sun Newspaper on Tuesday, 5^thAugust 2014

Economic Growth: Fords to build new factories in African markets

Unites States manufacturing giant, Ford Motor Company sees Africa emerging as the world’s next big growth market and it’s pushing to expand in the continent.

Published in The Nation Newspaper on Wednesday, 6^th August 2014

 

Financial Involvement: Economists sees greater role for central banks as risks shift

 

Central banks may have to address different episodes of financial instability as risks shift from the banking sector to the balance sheets.

Published in The Nation Newspaper on Wednesday, 6^th August 2014

CBN unveils guidelines for Development Finance Institutions

 

The Central Bank of Nigeria has unveiled guidelines for establishing Development Finance Institutions in the country.

Published in The Nation Newspaper on Wednesday, 6^th August 2014

MDGs: Youths decry exclusion from post-MDGs’ agenda

 

Some Nigerian youths have decried the absence of issues that address challenges confronting them in their formative age in the proposed development agenda will replace the current Millenium Development Goals in 2015.

Published in The Nation Newspaper on Wednesday, 6^th August 2014

Health: Be proactive in handling health sector, NMA urges governments

The Edo State chapter of the Nigerian Medical Association on Wednesday, harped on the need for governments at all levels to be proactive and not be reactive in handling matters relating to the health sector.

Published in Daily Independent on Thursday, 7^th August 2014

Energy: Power Africa initiative receives boost

Standard Bank Group has renewed its commitment to the Power Africa Initiative, a multi-stakeholder project driven by US president Barack Obama.

Published in Daily Independent on Thursday, 7^th August 2014

Health: $400b lost globally to product counterfeiting

International Chambers of Commerce in its latest findings estimates that global international trade loses an estimated $400 annually to the activities of producy counterfeiters.

Published in Daily Independent on Thursday, 7^th August 2014

Agriculture: Dominates Coca-Cola’s N800bn planned investment in Nigeria

Investments in agriculture will dominate the Coca-Cola Company’s planned $5 billion, (about N800 billion) investments in Nigeria and other African countries over the next six years.

Published in Daily Independent on Thursday, 7^th August 2014

 

Philanthropy: UNICEF aids Gombe IDP Camp with materials

Following the increasing number of internally displaced persons, the United Nations International Children Fund, UNICEF, has donated relief materials worth millions of naira to the camp.

Published in National Mirror Newspaper on Friday, 8^th August 2014.

 

Aid and Assistance: FG Donates $3.5m to Guinea, Liberia, S’Leone

He also expressed appreciation to the Nigerian government for its donation to help tackle the virus.

Published in National Mirror Newspaper on Friday, 8^th August 2014.

 

FG, Lagos State, Tolaram Group Fight over Lekki Deep Sea Port

The three main promoters of the multibillion naira Lekki deep seaport are at each other's throat over the ownership and operations of the project.

Published in ThisDay Newspaper on Friday, 8^th August 2014.

 

Citibank Commits $390,000 to Empower SMEs

The Managing Director, Citibank Nigeria Limited, Mr. Omar Hafeez, has disclosed that the bank and Citi Foundation has committed over $390,000 to improve the lives of micro-entrepreneurs and small scale farmers in rural areas in the last six years.

Published in ThisDay Newspaper on Friday, 8th August 2014.