Investment: GE in $1billion Nigeria
Technology Transfer Bid
Traditionally,
General electric (GE), as the name suggests, has huge interests in the power
sector. The multinational has a subsidiary (GE Power and Water) wholly devoted
to power generation, transmission and distribution around the world.
Published in the Vanguard Newspaper
Sunday, September 13, 2015.
Industry Pulse: 47 Corporate Bodies
for SERA Awards
Organisers
of the annual Nigeria CSR awards otherwise known as The SERAs said they have
received a total of forty-seven entries from participating organisations for
the 2015 Awards. The award is an initiative of TruContact CSR Nigeria.
Published in the Thisday Newspaper
Monday, September 14, 2015.
Industry Pulse: NCS Recognises
Aderounmu At 13th Investiture
Following
the election of Professor Adesola Aderoumu as the new President of the Nigeria
Computer Society (NCS), he was formerly recognised as the 13th
national president of NCS, during an investiture ceremony organised by NCS in
his honour in Lagos at the weekend.
Published in the Thisday Newspaper
Monday, September 14, 2015
Industry Pulse: Institute of
Directors Honours Joda, Alele-Williams, Others
The
Institute of Directors (IoD) has conferred the Outstanding Corporate Leadership
Excellence Awards on the former Chairman of the Board of the Nigerian
Communications Commission (NCC), Alhaji Ahmed Joda, and the former Vice
Chancellor, University of Benin, Professor Grace Alele-Williams.
Published in the Thisday Newspaper
Monday, September 14, 2015
Health: Ecobank Partners Group on
Disease Group on Disease Control
The Ecobank
Foundation, along with two of its partners, the West African College of
Physicians and the Royal College of Physicians (London), have launched the
second year of a strategic partnership to reduce the impact of HIV,
tuberculosis and malaria.
Published in the Thisday Newspaper
Monday, September 14, 2015
Industry Pulse: GTB Appoints Musa
Executive Director
The board of
Directors of Guaranty Trust Bank Plc has announced the appointment of Mr.
Haruna Musa, as an Executive Director of the bank. In a signed document, it
explained that the appointment of Musa followed a thorough selection process by
its Human Resources and Nominations Committee of the board.
Published in the Thisday Newspaper
Monday, September 14, 2015
Standards: SON; We will Defy
Blackmailers by Intensifying Punishment of Counterfeiters
The
Standards Organisation of Nigeria (SON) at the weekend said it was prepared to
sustain the fight against propagators of fake and substandard goods in the
country in defiance of the many stage-managed protests organised by
unscrupulous businessmen to blackmail the agency.
Published in the Thisday Newspaper
Monday, September 14, 2015
Environment: Why we delay
contribution to $1bn Ogoni Restoration Fund- Shell
Shell
Petroleum Development Company (SPDC) has explained that the lack of structure
on ground for effective allocation of resources for the cleaning up of
Ogoniland has been the reason for the delay of its own contribution to $1
billion Ogoni Restoration Fund (ORP), as recommended by the United National
Environmental Protection Report (UNEP).
Published in the Business day
Newspaper Monday, September 14, 2015
New media: Facebook’s Mobile Momentum
Grows in Africa as Nigerian Users Soar
Facebook has
shared new statistics revealing that 7.1 million Nigerians use Facebook daily
and 15 million are active every month. Almost all these people are coming to
Facebook on a mobile device: 100 percent of Nigerian monthly users are active
on mobile as are 95 percent of Kenya’s monthly users.
Published in the Business day
Newspaper Monday, September 14, 2015
Employment: GE Calabar Facility to provide
over 3,000 jobs
General
Electric’s Calabar facility in Southern Nigeria is set to provide over 3,000
jobs upon completion, the firm said last week. “We are investing over $1bn
dollars in our Calabar facility over 5 years and we have already trained 15
Nigerian engineers who will be at the vanguard at the cost of about $3.6 mn.
Published in the Business day
Newspaper Monday, September 14, 2015
Corporate Governance: IFC and FITC
partner to Strengthen Corporate Governance among Business in West Africa
IFC, a member
of the World Bank Group, and Nigeria’s leading financial training organization,
FITC, today announced the signing of a three –year cooperation agreement to
advance corporate governance training and practices among West African
businesses.
Published in the Business day
Newspaper Monday, September 14, 2015
Industry Pulse: UNICAL Gets New VC
The
Governing Council of the University of Calabar (UNICAL) in Cross River State,
has announced Professor Zana Itiunbe Akpagu as the new Vice Chancellor of the
institution. Akpagu, who is the current Deputy Vice chancellor of the
university, succeeds Prof. James Epoke as the institution’s 10th
vice chancellor and second to emerge from university’s Faculty of Arts.
Published in the Dailysun Newspaper
Tuesday, September 15, 2015
Investment: Ambode Backs
Establishment of N14bn German Company
Lagos State
Governor Akinwunmi Ambode yesterday, threw his weight behind the establishment
of a $70million (N14billion) building, construction tools manufacturing company
in the state.
Published in the Dailysun Newspaper
Tuesday, September 15, 2015
Agriculture: Graduates Embrace
Farming In Cross River
Over 100
youths and women in Cross River State would soon become employers of labour in
agriculture. They are currently receiving training in different agricultural
value chains such as, cocoa, rice, poultry, oil palm, among others.
Published in the Dailysun Newspaper
Tuesday, September 15, 2015
Capacity Building: ExxonMobil
Launches University Lecture Series on Geosciences
ExxonMobil,
which, under its University Assistant Programme (UAP) has been assisting, in
cash and in kind, the Departments of Geosciences/Geology/Earth Science, across
Nigerian universities, has moved to new level with the recent launch, its
subsidiary, Esso Exploration and Production Nigeria Ltd (EEPNL).
Published in the Dailysun Newspaper
Tuesday, September 15, 2015
Taxation: FG Dispenses Consultants
From Collecting Taxes
Federal
Government has suspended the engagement of consultants for purposes of collecting
tax revenues. Acting Chairman of Federal Inland Revenue Service (FIRS), Mr.
Babatunde Fowler, disclosed this when he met with the Joint Tax Board (JTB) in
Abuja, yesterday.
Published in the Dailysun Newspaper
Tuesday, September 15, 2015
Labour: Labour Pickets Lacasera Over
Sack Of 1300 Workers
Workers in
the food sector of the economy, yesterday, besieged Lacasera Company Plc in
protest over its unfair disengagement of over 1,300 staff earlier in the day.
Published in the Dailysun Newspaper
Tuesday, September 15, 2015
Women: GTB, She Leads Empower African
Female Entrepreneurs with $10,000
Guaranty
Trust Bank in partnership with She Leads Africa is geared towards spotlighting
women driving Africa’s growth through leadership, commerce and innovation by
providing a veritable platform for young female entrepreneurs to grow their
businesses across Africa.
Published in the Dailysun Newspaper
Tuesday, September 15, 2015
Labour: More Bank Workers to go as
MDAs close 20,000 accounts
Nigeria’s
banking industry may soon begin another round of retrenchment following the
expiration of the September 15 deadline for compliance with its Treasury Single
Account (TSA) by its Ministries, Departments and Agencies (MDAs).
Published in the Dailysun Newspaper
Tuesday, September 15, 2015
SME: UBN Emerges Top SME Supporting
Bank
Union Bank
Plc has been adjudged the “best SMEs supporting bank’ in the country. The award
was presented to the bank during the annual banking award organised by Business
Day Newspapers in Lagos.
Published in the Dailysun Newspaper
Tuesday, September 15, 2015
Consumer Rights: CPC Investigates
FCMB over Alleged N1.86bn Excess Interest Charges
The Consumer
Protection Council (CPC) has summoned the management of First City Monument
Bank Plc (FCMB) for an investigation into allegation by the Bauchi State
government, accusing it of
charging N1.86 billion excess interest In its
account.
Published in the Dailysun Newspaper
Tuesday, September 15, 2015
Investment: Infrastructure bank
Establishes $500m Fund
The
Infrastructure Bank Plc has announced the establishment of a $500m
“Nigeria-focused Infrastructure Fund” to attract co-investors into key
developmental projects. The Managing Director, TIB, Mr. Adekunle Oyinloye, who
stated this during the bank’s Annual General Meeting in Calabar on Saturday.
Published in the Punch Newspaper
Tuesday, September 15, 2015
Insecurity: Shell, Insecurity, Others
Inhibiting Gas Flare Out
Insecurity,
inadequate funding and lack of commitment from joint venture (JV) partners
stalling the plan to end gas flaring in Nigeria, Shell Petroleum Development
Company Limited (SPDC) has said.
Published in the Nation Newspaper
Wednesday, September 16, 2015
Human Rights: UNIC Condemns Domestic
Violence
In recent
times, there has a growing concern over the rice in number of crimes spring
from domestic violence. The United Nations Information Centre (UNIC) Lagos, has
decried the rise in domestic violence, while reiterated that domestic violence
is a criminal offence and a breach in fundamental human rights.
Published in the Nation Newspaper
Wednesday, September 16, 2015
MDGs: Nigeria Achieves Food Component
of MDGs
The federal
Government said it produced 15 million metric tonnes of food in 2013, adding
that the success recorded in increased food production ensured Nigeria achieved
the Millennium Development Goals (MDGs) of halving the number of hungry people
in two years ahead of its deadline.
Published in the Nation Newspaper
Wednesday, September 16, 2015
Human Rights: UN Appeals to Nigeria
on Human Trafficking
The Head of
the United Nation Office on drug and Crime (UNODC) in Nigeria, Mr Tunde Atere, has
urged Nigerians to avoid being deceived by traffickers, individuals or groups
to foreign land in search for greener pastures.
Published in the Nation Newspaper
Wednesday, September 16, 2015
Human Rights: UNICEF Launches Action
to End Violence Against Children
Citing the
National Survey on violence Against Children, this shows that millions of
Nigerian children have suffered violence in terms of physical, emotional and
sexual abuse before the age of 18 years, the United Nations Children’s Fund
(UNICEF) yesterday announced an Action to End Violence Against Children in
Abuja.
Published in the Guardian Newspaper
Wednesday, September 16, 2015
Energy: Operators Differ Over Real
Performance of $5b NIPP Plants
Major
stakeholders in the power sector have disagreed sharply over the functionality
of the over $5 billion power plants built under National Integrated Power
Project (NIPP). While some said poor gas supply is hampering their operations,
the management of the NIPP said though the plants have not been running at full
capacity because of gas, the situation was not as bad as being painted.
Published in the Guardian Newspaper
Wednesday, September 16, 2015
Power: EU Donates €512m for
Electricity, Others in Nigeria
In its
renewed commitment to Nigeria’s development the European Union (EU), has
earmarked the sum of €512m to improve the provision of electricity, healthcare
delivery system, promotion and protection of rule of law, governance and
democracy.
Published in the Guardian Newspaper
Wednesday, September 16, 2015
Civil Society: On Democracy Day, UN
Seeks More Roles for Civil Society
In
commemoration of this year’s international Day for Democracy, the United
Nations Secretary General, Mr. Ban Ki-moon, has called on governments to
provide enabling environments for the smooth operations and contributions of
civil society groups in deepening democracy, even as the world governing body
again praises Nigeria for the smooth transition from a ruling party to the
opposition.
Published in the Guardian Newspaper
Wednesday, September 16, 2015
Budget: Government Mulls
Zero-Budgeting For 2016
The Federal
Government may adopt a zero-based format for its 2016 budget planning, going by
the hint from the Vice president Yemi Osinbajo in Abuja, yesterday.
Published in the Guardian Newspaper
Wednesday, September 16, 2015
Capacity Building: NDE trains 600 IDP
Women in Borno
National
Directorate of Employment (NDE) has said that no fewer than 600 vulnerable
women are being trained under NDE 2015 various skills acquisition and
vocational training programme in Borno State.
Published in the Guardian Newspaper
Wednesday, September 16, 2015
CSR: Shell Invests $14.8m on CSR
Projects in Niger Delta
The Shell
Nigeria Exploration and Production Company (SNEPCo) a sister company of Shell
Petroleum Development Company has invested about $14.8 million in scholarships
and other education programmes in 2014.
Published in the Guardian Newspaper
Wednesday, September 16, 2015
Energy: Africa Needs 54,000mw Of
Electricity To Fight Poverty
A report
from the World Bank, “Enhancing the Climate Resilience of Africa’s Infrastructure,”
said that Africa needs an expansion of hydroelectric power generation capacity
by over 54,000MW to fight poverty in the continent.
Published in the Guardian Newspaper
Wednesday, September 16, 2015
Environment: Mobil, Total, Others
Record Oil Spill Cases in August
Five Oil
companies, namely Mobil Producing Nigeria, MPN; Total Exploration and
Production Company, Addax Petroleum, Aiteo and the Pipelines an product
Marketing Company, PPMC, all recorded cases of oil spills last month (August),
according to spills data from the National Oil Spill Detection and Response Agency,
NOSDRA.
Published in the Guardian Newspaper
Wednesday, September 16, 2015
Environment: Group Offers NNPC Award Winning
Gas Flare-Out Technology
Calvert
Group Belgium NV and Galileo Argentina have signed a formal partnership to
provide the Nigerian National Petroleum Corporation, NNPC, the technology and
equipment to convert flared gas to Liquefied Natural Gas, LNG, and Compressed
clean and affordable gas.
Published in the Guardian Newspaper
Wednesday, September 16, 2015
Environment: Shell Restates
Commitment to Ogoni Clean Up
The Shell
Petroleum Development Company of Nigeria, SPDC, has restated its commitment to
clean up of Ogoniland in accordance with the recommendations of the UNEP
Report. But it warned that a critical aspect of the UNEP report which
emphasizes complete stoppage of pipeline vandalism and illegal refining of
petroleum products in the area must be tackled by the Federal Government if the
planned clean-up must succeed.
Published in the Guardian Newspaper
Wednesday, September 16, 2015
ICT: Digital Switchover, Nigeria’s
Economy To Gain N320bn Annually
The National
Broadcasting Commission (NBC) has said the planned switchover from analogue to
digital television will add N320 billion yearly to the economy, creating over
55,000 direct and indirect jobs.
Published in the Leadership Newspaper
Thursday, September 17, 2015
Environment: Water From Kainji, Jebba
Dams Affecting Sugar Investments
The Special
Adviser (Technical) to the National Sugar Development Council (NSDC) Mr Chris
Mbamalu, has stated that flood induced by constant release of water from Kainji
and Jebba Dams has made investments by Flour Mills of Nigeria at the Sunti
Golden Sugar Estate, Sunti Niger State vulnerable to risk.
Published in the Leadership Newspaper
Thursday, September 17, 2015
Agriculture: Jigawa To Recruit 600
Agric Extension Workers
Jigawa State government has concluded
arrangements for the recruitment of over 600 agricultural extension workers in
its bid to improve the state’s agricultural sector. The state commissioner for
agriculture and natural resources, Alhaji Kabiru Ali, revealed this while
speaking to newsmen in Dutse.
Published in the Leadership Newspaper
Thursday, September 17, 2015
Community: Oil Communities Halt
Hostilities, Write PMB
The
aggrieved oil and gas producing host communities in Urhobo and Isoko areas in
Delta State, yesterday halt hostilities pending the intervention of the Niger
Delta Progressive Forum, NDPF, a non-government organisation in the region.
Published in the Leadership Newspaper
Thursday, September 17, 2015
Philanthropy: Intels Donates N11m To
Charity
Intels
Nigeria Ltd has donated N11 million for upkeep of children of Women Trafficking
and Child Labour Eradication Foundation (WOTCLEF) and Hope House Initiative for
Children with special Needs.
Published in the Leadership Newspaper
Thursday, September 17, 2015
SMEs: Sterling bank’s ‘Get Ready For
Work’ Gives N5.5m Grant To Start-Ups
As part of
efforts to help Nigeria youths, they have been advised to identify their
skills, stir up their zeal for entrepreneurship and kick start their careers,
Sterling Bank Plc has given a grant of N5.5 million to start up entrepreneurs
under its Get Ready For Work Initiative.
Published in the Leadership Newspaper
Thursday, September 17, 2015
Environment: UNEP Report, SPDC
Sustains Remediation Project In Ogoni
Oil giant, Shell
Petroleum Development Company (SPDC), has intensified measures in the clean-up
exercise currently going on in Ogoni land in response to the recommendation of
the United Nations Environmental Programme (UNEP).
Published in the Leadership Newspaper
Thursday, September 17, 2015
Philanthropy: 5,423 Students Benefit
From Over N1bn MTNF Scholarships
Over the
last six years, the (MTNF) has given out over N1 billion in scholarships to
5,423 students in various public tertiary institutions nationwide. The MTNF
director, Mr Dennis Okoro, dropped this hint this week during an interview in
Lagos.
Published in the Leadership Newspaper
Thursday, September 17, 2015
Trade: LCCI Calls For Trade Policy
Review To Boost Investment
The Lagos Chamber
of Commerce and Industry (LCCI) has said that the federal government should
review some trade policy measures to boost investments and customs revenue. The
LCCI’s president, Remi Bello, said this at the third quarter review press
conference organised by the chamber in Lagos.
Published in the Leadership Newspaper
Thursday, September 17, 2015
Standards: SON Grants Control
Services ISO Certification
Risk Control
Services Limited (RCS) said that it has achieved the most stringent global
standard for screening service, the ISO 9001:2008 Certification. The award
which was received from the Standard Organisation of Nigeria (SON) according to
the company wa subsequent to a series of rigorous and extensive audit of its
information management systems and processes.
Published in the Leadership Newspaper
Thursday, September 17, 2015
Environment: Communities Lament
Mining Degradation
Three
communities in Osun State- Igun Atakumosa, Iperindo, and Itagumodi- have
lamented the deep environmental degradation and poverty mining is causing to
their communities. The communities cried out when LEADERSHIP, in collaboration
with Global Rights Foundation, Nigeria, paid a visit to the state to access the
impact of mining therein.
Published in the Leadership Newspaper
Thursday, September 17, 2015
Philanthropy: China To Give 40
scholarships To Nigerian students
The People’s
Republic of China is planning to increase the number of scholarship for
Nigerian students from 25 to 40 by 2016, the Chinese Embassy has said. Cultural
Councillor of the embassy Yan Xiangdong, who stated this while addressing journalist
at the embassy in Abuja.
Published in the Leadership Newspaper
Thursday, September 17, 2015
Philanthropy: 2 Law School Students
Win Saraki’s Scholarship
Senate
President, Dr. Abubakar Bukola Saraki, on Monday presented scholarships to two
Nigerian Law School Students. Saraki while giving out cheques to the
beneficiaries said the gesture was in fulfilment of his electioneering promise
to channel his pensions as former Governor of Kwara State into a scholarship
fund for the benefit of brilliant but indigent students in the country.
Published in the Leadership Newspaper
Thursday, September 17, 2015
Philanthropy: Senator Tinubu Gives
N2.6 Million Scholarship To PSSS
As of her
effort to support education in the state, Senator Oluremi Tinubu, who is
representing Lagos Central Senatorial District, will be spending N2.6 million
annually as scholarship awards to students in students in her constituency for
the next four years.
Published in the Leadership Newspaper
Thursday, September 17, 2015
Philanthropy: 5 Corps Members Donate
700 Copies Of health Books
To Schools
Five serving
members of the National Youth Service Corps (NYSC) Batch ‘C Bawa Ishaya,
Ogunyemi Kehinde, Rindap Yankat, Ogunleye Afolabi and Ilebani Olubunmi- have
donated no less than 700 books on health and environment to seven schools in
the Federal Capital Territory (FCT).
Published in the Leadership Newspaper
Thursday, September 17, 2015
Security: AU, Others Meet In Nairobi
Over regional Security
Top officials
from the African Union (AU), the institute for Security Studies, and the
Intergovernmental Authority on Development (IGAD) met in Nairobi for a two-day
summit to discuss security in East Africa.
Published in the Leadership Newspaper
Thursday, September 17, 2015
Security: African Leaders Okays $70m
To Fight Insurgency
In swift
response to combat insurgency and terrorism in African Union (AU) yesterday
ranked in $70 million to fight insurgency in the continent. The AU leaders also
commended President Muhammadu Buhari for redeeming the country’s pledge of
$21m.
Published in the Leadership Newspaper
Thursday, September 17, 2015
Labour: HP To Cut To 33,300 Jobs Over
Next Three Years
Hewlett-Packard
Co (HPQ.N), which plans to split into two listed companies this year, said it
expected to cut about 33,300 jobs over three years as the tech pioneer adjusts
to falling demand.
Published in the Leadership Newspaper
Thursday, September 17, 2015
MDGs: Nigeria Was Not Statistically
Ready For MDGs- Kale
The
Statistician-General of the Federation, Dr Yemi Kale, yesterday disclosed that
Nigeria was not statistically ready for the Millennium Development Goals
(MDGs). Speaking at the stakeholders’ workshop on data mapping for Sustainable
Development Goals held in Abuja yesterday.
Published in the Daily Trust
Newspaper Thursday, September 17, 2015
SMEs: BOI Approves N903.4m Loan For
SMEs in Gombe
The Bank of
Industry (BoI) has approved a total of N903.4 million for the development of
Micro, Small and Medium Enterprises (MSMEs) in Gombe state.
Published in the Daily Trust
Newspaper Thursday, September 17, 2015
SME: SME MarketHub Empowers Female
Entrepreneurs In Africa
She Leads
Africa has announced the top six finalists to contest for $10,000 2015 She
Leads Africa Entrepreneur Showcase. The initiative, sponsored by GTBank, was
geared towards highlighting Africa’s women leaders’ commerce and innovation.
Published in the Daily Trust
Newspaper Thursday, September 17, 2015
Agriculture: Chevron Builds Agro
Processing centre In Kastina
Chevron
Nigeria Limited and its partners in the Agbamioil field are set to boost the
capacity of farmers in Kastina State with the handover of a modern Agro-Based
Economic Empowerment Development Project.
Published in the Daily Trust
Newspaper Thursday, September 17, 2015
Health: Malaria ‘700m Cases’ Stopped
in Africa
Nearly 700
million cases of malaria have been prevented in Africa as a result of
concentrated efforts to tackle the disease since 2000, a study shows. The report
published in the journal Nature showed that overall the number of infections
fell by 50% across the continent.
Published in the Daily Trust
Newspaper Thursday, September 17, 2015
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