#Economy:
ACCIL, Unilever Partner on Economic Growth, Employment Creation
The
Abuja Chamber of Commerce and Industry Limited (ACCIL) has sealed a deal with
Unilever Nigeria Plc and high profile business establishments to help grow the
nations’ economy.
Published
in Thisday Newspaper on Monday, 26th October, 2015
Stakeholders
Action: Stakeholders Seek Linkages of Local Content to Nigerian Economy
Experts in Nigeria’s oil and gas industry
have called on the Nigerian Content Development and Monitoring Board (NCDMB) to
move a step further and ensure that the implementation of the Nigerian Oil and
Gas Industry Content Development (NOGICD) Act of 2010 would generate direct
benefits to the larger economy of Nigeria.
Published
in Thisday Newspaper on Monday, 26th October, 2015
#Investment:
Private sector tasked on capacity development to boost experts
Private sector operators have been tasked
to invest and develop capacity in order to create services that are exportable
to other African countries and beyond.
Published
in Business Day Newspaper on Monday, 26th October, 2015
Industry
Pulse: Lagos Chamber of Commerce strengthens membership, admits 160 firms
Lagos Chamber of Commerce and Industry,
LCCI established in 1888 with the objectives to create and facilitate
commercial and industry opportunities and promote the interest of its members
and business community has admitted 160 new firms as members.
Published
in Business Day Newspaper on Monday, 26th October, 2015
#MSMEs:
Fidelity provides solutions to SMEs funding challenges
Fidelity Bank plc has identified key
remedies to the challenge of access to finance faced by Small and Medium
Enterprises (SMEs).
These include capturing clear business
model or concept in the business plan, clear marketing and sales strategy,
competent and experienced management, clear competitive advantage and strong
financials.
Published
in Business Day Newspaper on Monday, 26th October, 2015
#MSMEs:
Vodacom, CISCO identify role of technology in SME’s growth
Nigeria’s small and medium scale
enterprises, which employs about 84.02 percent of Nigeria’s labour force and
contributes about 48.47 percent to the nations GDP could do better and grow
rapidly with unified communications, technology experts have said.
Published
in Business Day Newspaper on Monday, 26th October, 2015
#Corporate
Governance: The corporate governance rating system
Licensed under the Investments and
Securities Act to provide listing, trading and licensing services as well as
market data solutions among others, and in recognition of the importance of
corporate governance as an essential tool for long-term growth, sustainability
and value creation, The Nigeria Stock Exchange (NSE) encourages listed
companies and dealing member firms to adopt global best practise by
implementing strong regulatory reforms.
Published
in Business Day Newspaper on Monday, 26th October, 2015
#Agric:
New technologies are transforming African agriculture – AfDB
President of the African Development Bank
(AfDB), Akinwumi Adesina, says African Farmers are effectively using mobile
telephone technology to eliminate middlemen in market prices of farm produce.
Published
in Business Day Newspaper on Monday, 26th October, 2015
#MSMEs:
Women entrepreneurs decry difficult access, stringent conditions attached to
MSMEs loans
Women entrepreneurs under the aegis of
NACCIMA Business Women Group (NAWORG) have decried hindered access and
stringent conditions attached to loans granted to micro, small and medium-scale
enterprises (MSMEs) operating in Nigerian economy, saying the two-digit
interest rates attached to MSMEs loans are unfavourable to economic
development.
Published
in Business Day Newspaper on Monday, 26th October, 2015
#Philanthropy:
Rotary donates $6.9m to keep Nigeria polio-free
On the heels of historic success against
polio in Nigeria and across the continent of Africa, Rotary has donated an
additional US$6.9 million boost to Nigeria to support immunisation activities
and surveillance spearheaded by the Global Polio Eradication Initiative.
Published
in Daily Sun Newspaper on Tuesday, 27th October, 2015
#Event:
Udom opens summit on how to jump-start business in Akwa Ibom
Business moguls in the country would,
today, arrive in Uyo, Akwa Ibom State to brainstorm on ways of accelerating
private entrepreneurship in the state.
The business summit, which is a brainchild
of the Akwa Ibom Organised Private Sector Association (AKOPSA), aimed at
creating business awareness in the state will be declared open by Governor Udom
Emmanuel.
Published
in Daily Sun Newspaper on Tuesday, 27th October, 2015
#Award:
National Cowbell Mathematics bronze medal goes to Attwool
The journey to becoming a bronze medallist
during the celebration of the Cowbell Mathematics Competition winners was, for
Deborah Ajao, a student of Attwool School, a challenging one.
Going through the rigours of preparing for
the competition was not an easy one, she admitted. “The competition was not
easy at all. Getting ready was equally tedious. Except with the help of my Math
teacher, I’m not sure I would have been willing to attempt it in the first
place”, she confessed.
Published
in Daily Sun Newspaper on Tuesday, 27th October, 2015
#Philanthropy,
Help for the helpless: Queens College Old Girls donate computer room to
visually impaired students
History was made recently when Class’ 79 of
Queens College Old Girls Association (QCOLA) donated a computer resource room
to the visually impaired students of Queen College, Yaba, Lagos.
Known as “Rebecca Room”, the computer
workroom installed with special software designed for the visually impaired,
was dedicated in honour of one of the Old Girls of the ’79 Class, late Mrs.
Rebecca Adeniji, a visually impaired.
Published
in Daily Sun Newspaper on Tuesday, 27th October, 2015
#CSR:
Total promotes healthy living in Rivers community
…Screen
resident, educates them on good health
Residents
of Rumuogba community in Rivers State have expressed gratitude to the
multinational oil company, Total E&P, for caring about their health.
Recently, the company through the “2015 health living awareness programme for
the host communities”, carried out medical tests and educated the people on
healthy living, how to prevent some common disease, physical fitness, among
others.
Published
in Daily Sun Newspaper on Tuesday, 27th October, 2015
#Philanthropy:
Army gives free medical services to Akwa Ibom community
Apart
from protecting and guiding its territorial integrity, providing security for
lives and property, and leading the war against insurgency in the country, the
Nigerian army is also rending humanitarian services.
Published
in Daily Sun Newspaper on Tuesday, 27th October, 2015
Stakeholder
Action: Ogun residents, traders cry out over bad roads
Resident of Atan-Ota Lusade and Igbese in
the Ado-Odo/Ota Local Government Area of Ogun State say the bad state of roads
leading to the communities have made living in the area a nightmare.
The lamented that the roads had turned
decrepit as a result of floods just as traders in the communities said the
situation had taken a toll on their sales.
Published
in Punch Newspaper on Tuesday, 27th October, 2015
#Investment:
W’Bank provides N39bn guarantee for Nigerian gas
The
Multilateral Investment Guarantee Agency, the political risk insurance and
credit enhancement arm of the World Bank Group, along with Seven Energy
International Limited, has announced its first engagement in Nigeria’s gas
sector.
Published
in Punch Newspaper on Tuesday, 27th October, 2015
#Investment:
Manufacturing investment drops by N1.39tn
Investment
in the manufacturing sector dropped by N1.39tn in one year, according to data
obtained from the commissioner at the revenue agency.
Published
in Punch Newspaper on Tuesday, 27th October, 2015
#Stakeholder Action: Stakeholders insist on
fuel subsidy removal
Stakeholders
in the country’s downstream sector have insisted that due to fall in crude oil
prices which has resulted in decline in revenue generation, the Federal
Government has to remove subsidy on petroleum products.
Published
in Guardian Newspaper on Wednesday, 28th October, 2015
#Awards: World Quality Day holds Nov 15
To
create awareness on the importance of quality management, the African Quality
Insurance in collaboration with the World Quality Alliance, is set to hold the
World Quality Day, 2015 and Awards on November 12th 2015, at the
Nicon Luxury, Abuja.
Published
in Guardian Newspaper on Wednesday, 28th October, 2015
#Economy: Survey rates Nigeria, Kenya’s economic prospect high
AMID the gloomy forecast for global economy, an emerging affluence may soon be sweeping across Asia and Africa, with Nigeria and six other countries taking the lead.
Indeed, a survey revealed that new confidence about markets’ growth prospects, expected income rise, clear spending plans, and high optimism in achieving long-term wealth goal, would hallmark the economies of Nigeria and Kenya in particular.
Published in Guardian Newspaper on Wednesday, 28th October, 2015
#MSMEs: Vodacom task Nigeria’s 17m SMEs on unified communication for
growth
For
higher and improved productivity, the Small and Medium scale Enterprises in
Nigeria, may need to invest in Unified Communications (UC) solution.
The
UC is seen as an enabler for business development.
Currently,
the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) puts
the country’s SMEs’ at about 17 million.
Published
in Guardian Newspaper on Wednesday, 28th October, 2015
#CSR:
Total restates commitments to welfare of host communities
Total
Group in Nigeria has restated its commitment to Corporate Social Responsibility
(CSR) programmes targeted at improving the welfare of its host communities.
The
company recently donated hi-tech HIV/AIDS screening equipment and reagents to
the Bwari General Hospital in the Bwari Area Council of the FCT.
Published
in Guardian Newspaper on Wednesday, 28th October, 2015
#Energy:
Kachikwu raises hope on refineries
Apparently unsatisfied with status of
Nigerian refineries, the Group Managing Director, Nigerian National Petroleum
Corporation (NNPC), Dr. Ibe Kachikwu, has reviewed the business model of the
facilities for better efficiency.
Published
in Guardian Newspaper on Wednesday, 28th October, 2015
#Energy:
How oil revenue got diverted to private pockets
International concern is mounting over the
mismanagement of Nigeria’s oil industry funds, with the corruption watchdog,
Global Witness, urging the help of the United Kingdom to recover funds lost by
Africa’s leading oil and gas producer in the famous but controversial Malabu
oil deal.
Published
in Guardian Newspaper on Wednesday, 28th October, 2015
#IndustryPulse:
Dangote refinery to meet 2018 deadline
The
proposed Dangote’s refinery, with capacity to refine 650,000 barrels? of crude
oil per day, will be completed in 2017 and Will commence full operations in
2018 – its set deadline, the company has said.
Published
in Guardian Newspaper on Wednesday, 28th October, 2015
#IndustryPulse: Total appoints
new Executive Directors
Total E&P Nigeria
Ltd has announced the appointment of Mr. Victor Bandele as Executive Director,
Joint Ventures District, and Mr. Patrick Olinma as Executive Director, Oil
& Gas Commercial, with effect from September 1, 2015.
Published
in Guardian Newspaper on Wednesday, 28th October, 2015
#StakeholderAction, Oil
Contamination: Ogoni raise alarm over food shortage in communities
As
the United Nations marked World Food Day recently, the Ogoni socio-cultural
group, Movement for the Survival of the Ogoni People, MOSOP, raised the alarm
over what it described as “deepening food crisis occasioned by decades of h y d
r o c a r b o n contamination of the Ogoni environment.
Published
in Guardian Newspaper on Wednesday, 28th October, 2015
#Philanthropy: DESOPADEC Chief
donates buses to Gbaramatu, Ogulagha Kingdoms
The
Commissioner representing Izon nation in the Delta State Oil Producing Areas
Development Commission, DESOPADEC, has donated two 18-seater buses to Gbaramatu
and Ogulagha Kingdom.
He
made the donation during a recent visit to consult with traditional rulers in
Warri and Ijaw communities in Delta State.
Published
in Guardian Newspaper on Wednesday, 28th October, 2015
#Award: LADOL get five awards
LAGOS Deep
Offshore Logistics Base (LADOL) has emerged winner of the Sub-Saharan African
regional free zones award and Winner of the Large Tenants award for Africa, in fDi magazine’s Global Free Zones of the
Year 2015.
Published
in Guardian Newspaper on Wednesday, 28th October, 2015
#Investment: Firms to build $1b
set-top-box factory
An
indigenous firm, Media Concepts International Limited (MCI) and its South
Korean technical partner, KAON Media, have signed a deal to set up a factory in
Nigeria to manufacture the set-top-boxes (STBs) that will be needed for the
realisation of the analogue to digital switch over billed for 2017.
Published
in The Nation Newspaper on Wednesday, 28th October, 2015
#Stakeholders
Action: Community, firm at war over destruction of farms, roads
The citing of companies in communities is
supposed to be a thing of joy to residents of such communities. This is so
because, apart from providing employment opportunities for people of the
surrounding communities, residents also enjoy some amenities that make life a
little more comfortable for them. That is if the companies are committed to
their corporate social responsibility to the communities and residents.
Published
in The Nation Newspaper on Wednesday, 28th October, 2015
#Philanthropy:
300 students get lawmaker’s bursary
A member of the Ondo State House Assembly,
representing Owo State Constituency II, Hon. Musa Mukaila has disbursed bursary
to 300 students from Owo Local Government Area of the state.
Mukaila, who is the Assembly’s Minority
Leader, said the gesture which he said will be coming on regular intervals, was
to assist the students financially in their academic careers.
Published
in The Nation Newspaper on Wednesday, 28th October, 2015
#IndustryPulse:
Transcorp records N7.2b pre-tax profit in Q3
TRANSNATIONAL Corporation of Nigeria Plc
(Transcorp) witnessed a top-down decline in performance in the third quarter as
the group struggled with decline in its hospitality and tourism business.
Published
in The Nation Newspaper on Wednesday, 28th October, 2015
Economy:
Entrepreneur call for economic diversification
ENTREPRENEURS have called for the
diversification of the Nigerian economy, especially the development of large
agricultural potential, to aid economic growth and stability.
Published
in The Nation Newspaper on Wednesday, 28th October, 2015
#IndustryPulse:
NIPOST honours workers, customers
The Lagos Mainland Territory of Nigeria
Postal Service has honoured two of its customers, six of its staff and Chidera
Ifinta, a third place winner of 2015 UPU Letter Writing Competition for young
people.
Published
in Punch Newspaper on Tuesday, 20th October, 2015
#Agric:
Benue State invest N87m in rice production
As part of effort to boost local production
and marketing of rice and cassava, Benue State Government has released the sum
of N87 million as counterpart fund to the International Fund for Agricultural
Development (IFAD) funded Value Chain Development Programme (VCDP).
Published
in The Nation Newspaper on Wednesday, 28th October, 2015
#Energy:
Duke Energy stakes $4.9b on Piedmont
Natural Gas
Duke Energy Corp, the largest U.S. power
company by generation capacity, said it would buy Piedmont Natural Gas Co for
$4.9-billion (U.S.) in cash, helping expand its natural gas distribution
business.
Published
in The Nation Newspaper on Wednesday, 28th October, 2015
#Business:
Nigeria is 169 in World Bank’s doing business report
The World Bank has ranked Nigeria 169 of
189 countries in its latest report on the ease of doing business globally.
This is contained in a statement made
available to newsmen by the Head of Communications, World Bank Nigeria, Mr.
Obadiah Tohomdet, yesterday in Abuja.
Published
in The Nation Newspaper on Wednesday, 28th October, 2015
