Investment: Finally, 450MW Azura IPP
Gets FG, World Bank $237m Partial Risk Guarantee
The federal
government has finally signed off its backing of a $237 million World Bank Partial Risk Guarantees
(PRG) for the construction of the 450 megawatts (MW) Azura-Edo Independent
Power Plant (IPP).
Published
in the This Day Newspaper, Monday, August 24, 2015
Industry
Pulse: FAAN MD Receives National Order of Merit Award
The Managing
Director of the Federal Airports Authority of Nigeria, Saleh Dunoma has been
honored with the National Productivity Order of Merit Award.
Published
in the This Day Newspaper, Monday, August 24, 2015
Investment: Investor Apathy Greets
Flour Mills’ N30 Billion Rights Issue
As Flour
Mills of Nigeria Plc prepares to raise fresh capital from existing shareholders
through a rights issue, THISDAY checks revealed that some of the shareholders
would not take up their rights. Some of the shareholders who spoke to THISDAY
said they were yet to get value for the Rights Issue the company made in 2011.
Published
in the This Day Newspaper, Monday, August 24, 2015
Agriculture: Sokoto to Generate N10bn
from Export of Agricultural Products
Chairman,
Caretaker Committee of the Sokoto State Traders Association, Alhaji Muazu Bello
Rafi has said the state can generate over N10 billion annually from export of
Agricultural products to neighboring African Countries.
Published
in the This Day Newspaper, Monday, August 24, 2015
SMEs:
Heritage Bank, EDC Collaborate to Boost SMEs
Heritage
Bank Limited and the Entrepreneurship Development Centre (EDC) of the Pan
African University (PAU) have gone into a partnership to bring together top
chief executive officers to strengthen the activities of small and medium scale
enterprises (SMEs) in the country.
Published
in the This Day Newspaper, Monday, August 24, 2015
Environment: Nigeria Losing Up To $5
Billion To Gas Flaring Annually
Nigeria is
said to be losing between $3.5 billion to $5 billion to gas flaring annually,
despite current efforts at achieving flare out. The problem of gas flaring has
remained unresolved in Nigeria for many decades.
Published
in the Business Day Newspaper, Monday, August 24, 2015
Environment:
Ogoni youths block East-West Road over UNEP Report
Hundreds of Ogoni youths on Monday barricaded the
Akpajo-Eleme axis of the East-West Road that leads to the Port Harcourt
Refinery, Indorama Petrochemicals and the Onne Free Trade Zone.
Published
in the Punch Newspaper, Tuesday, August 25, 2015
Industry
Pulse: Deap Capital Names Esan MD
Deap Capital Management and Trust Plc has appointed Mr.
Jacob Esan as its new Managing Director and Chief Executive Officer as part of
the company’s efforts to return to profitability.
Published
in the Punch Newspaper, Tuesday, August 25, 2015
Philanthropy:
ExxonMobil Trains Lecturers From 30 Varsities
ExxonMobil alongside the American Association of
petroleum Geologists, Africa Region, has exposed Geology lecturers from 30
Nigerian universities to what has been described as the latest technology in
the profession.
Published
in the Punch Newspaper, Tuesday, August 25, 2015
Philanthropy:
UN hails Dangote for humanitarian service to mankind
United
Nations Secretary General Ban Ki-moon yesterday commended the Dangote
Foundation for its contributions to the improvement of human condition in
Africa and the rest of the world. Ki-moon urged the Foundations chairman; Aliko
Dangote not to relent in philanthropic activities, stressing that posterity
will be kind to him.
Published
in the Dailysun Newspaper, Tuesday, August 25, 2015
Philanthropy:
7UP/Harvard Business School Scholarship aims at growing future leaders
The General Manager, Human Resources, 7UP Bottling
Company, Mr Adeyinka Adesina has said that the aim of the Harvard Business
School scholarship is to develop strong leaders who would in turn develop
others.
Published
in the Dailysun Newspaper, Tuesday, August 25, 2015
Environment:
Unemployment looms as erosion ravages Delta fish farm
Camp 74 Fish
Farm, located at Anwai Road in Asaba, Delta State, is very vital to the economy
of the state. Its contributions to the agric sub-sector over the years cannot
easily be waved aside, with over 500 fish ponds, employing no fewer than 800
workers.
Published
in the Dailysun Newspaper, Tuesday, August 25, 2015
Development:
Population Explosion Threatens Nigeria
With Nigerians set to become world’s third largest nation
by 2050, experts worry over uncontrolled birth rates.
Published
in the Dailysun Newspaper, Tuesday, August 25, 2015
Education:
Technocrats Vote TVE For National Development
Intellectuals converged on the Yaba College of Technology,
Yaba Lagos recently where they identified skills acquisition as lifeline for
teeming youths and graduates in the country. It was an event organized by the
Nigerian Vocational Association.
Published
in the Dailysun Newspaper, Tuesday, August 25, 2015
Ecommerce:
Cybercrimes Act 2015, NEFF, Judiciary collaborate against bank fraudsters
The menace of electronic fraud threatening the existence
of the financial sector may soon be reduced to its barest level, as the
Nigerian Electronic Fraud Forum (NEFF) is now enlisting the support of the
judiciary in its fight against all banking sector related frauds in the
country, especially with the coming of Cybercrimes Act 2015.
Published
in the Dailysun Newspaper, Tuesday, August 25, 2015
MSMEs:
CBN Partners MFB on SMEs Development
In its drive
to assist small businesses, particularly in the Federal Capital Territory
(FCT), the Central Bank of Nigeria (CBN) has entered into a partnership with an
Abuja based Micro-finance Bank (MFB), Visa Microfinance Bank Ltd to further
improve access to finance.
Published
in the Dailysun Newspaper, Tuesday, August 25, 2015
Community Development: MultiChoice
Trains 500 Dstv Installers
With the
rate of unemployment increasing yearly in Nigeria, MultiChoice, owners of DSTV,
pay TV has introduced a palliative measure by training 500 installers, who in
turn, would employ others.
Published
in the Dailysun Newspaper, Tuesday, August 25, 2015
SDGs:
UN To Adopt SDGs September 21
The United
Nations (UN) will adopt the Sustainable Development Goals (SDGs), the successor
programme to the Millennium Development Goals (MDGs) on September 21, Special
Adviser to the UN Secretary-General on MDGs, Hajiya Amina Al-Zubair, said
yesterday.
Published
in The Nation Newspaper, Wednesday, August 26, 2015
Charity:
Touching Lives Entries still on, says Airtel
Two weeks
after the launch of Touching Lives Season 2, leading telecoms operator, Airtel
Nigeria has said entry is still open for well-meaning Nigerians to nominate
beneficiaries in the revolutionary CSR intervention, until August 27 when
entries will close.
Published
in The Nation Newspaper, Wednesday, August 26, 2015
Financial Literacy: Skye Bank
Empowers Youths
Skye Bank
Plc has concluded its financial training for the youth. It was designed to
empower them with the necessary entrepreneurial and financial planning skills.
Published
in The Nation Newspaper, Wednesday, August 26, 2015
Philanthropy: UBA Endows N53m Finance
Professional Chair
United Bank
for Africa (UBA) Plc has resuscitated the UBA Professional Chair of Finance at
the University of Lagos with an endowment sum of the N52.9 million.
Published
in The Nation Newspaper, Wednesday, August 26, 2015
Energy:
Ekiti Communities Protest Power Outage
Residents of
Aramoko-Ekiti and Erio-Ekiti, both in Ekiti West Local Government Area of Ekiti
State showed their fury penultimate week over a six-month black-out occasioned
by their disconnection from power source by Benin Electricity Distribution
Company (BEDC).
Published
in The Nation Newspaper, Wednesday, August 26, 2015
Health And Safety: Lagos To Clamp
Down On Safety Defaulters
The Lagos
State Government has stepped up its efforts to ensure residents imbibe safety
culture in their homes and places of work. In the circumstances, therefore the
government will embark on massive awareness campaigns to residents of the
grassroots in a bid to sensitize them on safety regulations of the state, which
are aimed at securing lives and properties.
Published
in The Nation Newspaper, Wednesday, August 26, 2015
Civil
Society: UNODC Trains Anti-Corruption Agencies, Civil Society Groups Officials
The United
Nations on Drugs and Crime (UNDOC) has trained some officials of
anti-corruption agencies and civil organizations (CSQs). According to the
agency, UNDOC Country Representative Koli Kuoma, represented by the project
officer, Mrs Horsheth Virk, the training was to assist states in dealing with
corruption.
Published
in The Nation Newspaper, Wednesday, August 26, 2015
Agriculture: Nigeria Spends N16bn
Yearly Importing Tomatoes
The Federal
Government yesterday said Nigeria spends N16 billion yearly on importing
tomatoes. Permanent Secretary, Federal Ministry of Agriculture and Rural
Development, Sonny Echono, who puts the country’s domestic demand for tomatoes
at 2.3 million tonnes, said the country only produces 1.8 million tones yearly.
Published
in The Nation Newspaper, Wednesday, August 26, 2015
Environment:
World Bank Plans to End Gas Flaring By 2030
The World
Bank has unveiled plans to set a global standard to stop gas flaring. In an
attempt to end the pollution and waste of resources that it creates. Nigeria is
one of the top gas flaring countries in the world, throwing about 22.3 billion
standard cubic feet (scf) of gas in a month.
Published
in the Guardian Newspaper, Wednesday, August 26, 2015
Energy:
Lagos Lists Benefits of Energy Conservation
The Lagos State government has emphasized the need for
customers to adopt the practice of energy conservation to promote efficiency. Energy
conservation is simply the practice of reducing energy consumption via
efficient energy practices.
Published
in the Guardian Newspaper, Wednesday, August 26, 2015
Environment:
Bonga Oil Spill, NOSDRA Orders Shell to Pay $3.6bn to Affected Communities
The National
Oil Spill Detection and Response Agency, NOSDRA, has directed Shell Nigeria
Exploration and Production Company, SNEPCO, to pay $3.6 billion to affected
communities of the Bonga oil spill.
Published
in the Guardian Newspaper, Wednesday, August 26, 2015
Education: Nigeria Needs An Education
Fund For Students
The
Executive Secretary, National University Commission (NUC) Prof. Julius Okojie
has said that government should establish an education fund where students can
obtain loans to carter for their education.
Published
in the Daily Trust Newspaper, Thursday, August 27, 2015
Environment:
Erosion Threatens Gombe Communities
Five communities in Akko and Nafada Local Government
Areas of Gombe State are being threatened by erosion. The affected communities
include Arawa in Akko LGA and Tilde Cilehi and Tongo communities in Nafada.
Published
in the Daily Trust Newspaper, Thursday, August 27, 2015
Standards:
Importation of Fake Products to reduce by10% in Dec-SON
The Director-General of Standard Organization of Nigeria
(SON), Dr Joseph Odumodu, has vowed to ensure that importation of fake and substandard
products into the country is reduced by 10 percent by December 2015.
Published
in the Daily Trust Newspaper, Thursday, August 27, 2015
Investment:
World Bank to Disburse N30bn to 26 States, FCT
The World Bank
assisted Community and Social Development Project (CSDP) will soon start
disbursing additional $140 million (about 30 billion naira) to 26 states and
FCT for community driven projects.
Published
in the Daily Trust Newspaper, Thursday, August 27, 2015
Agriculture: NIFOR Raises Alarm over
Adulteration Of Palm Oil
Director of
research at Nigeria Institute for Oil Palm Research (NIFOR) Dr Celestine
Ikwuenobi is alarmed that palm oil widely used for food has been adulterated
with chemicals used in the dyeing of clothes.
Published
in the Daily Trust Newspaper, Thursday, August 27, 2015
Standards:
Why Europe, Others reject Nigerian farm produce
Nigerian exporters of agricultural produce are finding it
difficult to penetrate the international market because our produce are often
rejected. Why are we having this reoccurring situation? Nigeria is not an
isolated country. We are signatories to World Trade Organization (WTO). Being a
member, we are duty- bound to observe the rules and regulations of trade which
WTO has set.
Published
in the Daily Trust Newspaper, Thursday, August 27, 2015
Agriculture:
Cotton Farmers to Benefit from Reviving Textile Industry
In 1980,
cotton turnover in Nigeria was worth N8.9 billion, which represented 25% of the
national Gross Domestic Product (GDP). Sadly, it slumped to only N300 million
in 2012. The textile industries in 1980 employed 700,000 skilled and unskilled
workers.
Published
in the Daily Trust Newspaper, Thursday, August 27, 2015
Philanthropy:
Dangote, others offer N230 million support to IDPs
About N230
million was raised at the advocacy and fund raising event organized by the
management of Daily Trust for Internally Displaced Persons (IDPs) in the North East,
in Abuja yesterday.
Published
in the Guardian Newspaper, Friday, August 28, 2015
Climate:
UNDP launches storytelling contest on climate
For a better
public awareness on negative impacts of climate change, as well as the
opportunities and solutions from individuals and governments across vulnerable
developing countries, the United Nations Development Programme (UNDP) yesterday
launched a global storytelling contest, Voices2paris.
Published
in the Guardian Newspaper, Friday, August 28, 2015
Investment:
World Bank to disburse $140m for Nigeria’s community projects
The World Bank may commence disbursement of additional
$140 million (about N30 billion) to 26 states and Federal Capital Territory,
under its Community and Social Development Project (CSDP).For community driven
projects.
Published
in the Guardian Newspaper, Friday, August 28, 2015
Standards:
SON targets 10% reduction in substandard goods by 2016
Hinging its new agenda on the strength of its ‘operation
flush campaign’ and integration of its online platform with other
stake-holders, the Standards Organization of Nigeria (SON) has announced plans
to reduce the level of sub-standard goods in the country by 10 per cent before
end of 2016.
Published
in the Guardian Newspaper, Friday, August 28, 2015
Investment:
Dangote, China’s Sinoma To Sign $4.34 Bln Africa Cement Plant Deals
Nigeria’s Dangote Cement will sign $4.34 billion worth of
contracts with China’s Sinoma International Engineering Co. on Wednesday to
build cement plants across Africa, Nigeria’s largest listed firm said.
Published
in the Guardian Newspaper, Friday, August 28, 2015
Education:
FG Bans 57 Universities, Sanctions Others
In its drive to rid the country of illegal universities,
the National Universities Commission (NUC) has released a list of 57 illegal
degree-awarding institutions operating in Nigeria and other campuses in the
country.
Published
in the This day Newspaper, Friday, August 28, 2015
MSMEs:
Abuja Chamber Wants Buhari to Prioritize SMEs Development
The Abuja Chamber of Commerce and Industry Ltd. (ABUCCI),
has enjoined President Muhammadu Buhari to make the development of Small and
Medium Enterprises (SMEs) sector, a top priority in his government policies.
Published
in the This day Newspaper, Friday, August 28, 2015
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