#Empowerment: Lagos
trains officials in grass-roots mobilisation
The Lagos State Government has
advocated a vibrant means of communicating government policies to all
residents. It said public information managers would thenceforth adopt
citizen’s journalism strategy to enable the government to communicate with and
get feedback from Lagosians irrespective of their location.
Published by the Punch
Newspaper on Monday, 20th June 2016
#CSR: HoS advocates
quality service delivery
The Lagos State Head of Service,
Mrs Olabowale Ademola has advised civil servants in the state to be diligent
and responsive in ensuring quality service delivery. The HoS, who spoke at a
press conference to commence the 2016 Public Service Week in the state, said
quality service delivery was in line with the state government’s policy of
inclusion.
Published by the Punch
Newspaper on Monday, 20th June 2016
#Investment:
Investors inject N760bn into stock market in three days
The Nigerian Stock Exchange reacted
positively to the news of the unveiling of the new foreign exchange guidelines
by the CBN last Wednesday as the market capitalisation soared by over N760
billion, with investors committing huge sums to acquire more shares.
Published by the Punch
Newspaper on Monday, 20th June 2016
#Economy: Experts
see naira gaining as forex trading begins
The naira exchange rate to the
United States dollar is expected to appreciate further at the newly established
interbank market as trading begins today (Monday). The Central Bank of Nigeria
had last week introduced new guidelines for the nation’s foreign exchange
market.
Published by the Punch
Newspaper on Monday, 20th June 2016
#StakeholdersAction:
Oil workers threaten strike over anti-labour practices
Oil workers under the aegis of
Petroleum and Natural Gas Senior Staff Association of Nigeria on Sunday
threatened to shut down activities in the nation’s oil and gas industry if some
employers did not stop their anti-labour practices.
Published by the Punch
Newspaper on Monday, 20th June 2016
#Investment: SEC
seeks FG’s help to enlist more companies
The Director-General, Securities
and Exchange Commission, Mr Mounir Gwarzo, has sought the assistance of the
Federal Government to get more companies to enlist on the Nigerian Stock
Exchange. During a courtesy call on the Minister of Information and Culture,
Alhaji Lai Mohamme, Gwarzo said the government could help SEC to woo companies
to the Exchange by offering some tax incentives.
Published by the Punch
Newspaper on Monday, 20th June 2016
#Agric: NIPC secures
N17.7bn agric investment from Japanese firm
The Nigerian Investment Promotion
Commission says it has secured an investment of $90 million (N17.7 billion) in
the agricultural sector from a Japanese firm, Toshoku Company Limited. A
statement from the commission stated that the Acting Executive Secretary, NIPC,
Hajia Ladi Katagum, said this during a meeting with the President of the
Company.
Published by the Punch
Newspaper on Monday, 20th June 2016
#SDGs: Financial
institutions key to SDGs attainment
The Minister of Environment, Mrs
Amina Mohammed, has said that financial institutions are vital to the
achievement of the Sustainable Development Goals over the next 15 years. She
said sustainable development was about capital allocation and should be at the
core of financial market activities, saying all stakeholders such as
government, private sector and the financial sector of the economy must play
their roles effectively, for the SDGs to be reached.
Published by the Punch
Newspaper on Monday, 20th June 2016
#IndustryPulse:
Royal; Exchange confirms Muktari as GMD
The Board of Directors of Royal Exchange Plc, an insurance
and asset management group has confirmed the appointment of Alhaji Auwalu
Muktari as the substantive group managing director. A statement from the firm
on Sunday said this was disclosed at the end of a meeting of the board of
directors of the company in Lagos.
Published by the Punch
Newspaper on Monday, 20th June 2016
#StakeholdersAction:
Encroachment on farm settlement land angers community
Residents, farmers and landowners at the Coker Farm
Settlement in Ifo Local Government Area have called on the Ogun State
Government to save the area from further encroachment as well as preserve it
for the original purpose for which it was created.
Published by the Punch
Newspaper on Monday, 20th June 2016
#Empowerment: CED
plans talk on technology in construction
Considering the ever-changing climate of worldwide
application of technology, there is need to create a platform to incorporate
technological advancements in construction in the country, the management of
Construction and Engineering Digest Magazine has said.
Published by the Punch
Newspaper on Monday, 20th June 2016
#MoU: Chinese firm
to build 1,000 houses for civil servants
The Federal Government has signed a Memorandum of
Understanding with a Chinese firm to build 1,000 houses for federal civil
servants in the country. The Head of the Civil Service of the Federation, Mrs
Winifred Oyo-Ita, while signing the MoU between the Staff Housing Loans Board
and China Nangtong Sanjian Construction Company, said the occasion was a
significant event in the life of the civil servants and herself.
Published by the Punch
Newspaper on Monday, 20th June 2016
#Partnership#Environment:
US consulate, NSE, Globetech collaborate on urban sanitation
The United States Consulate in Nigeria has partnered the
Nigerian Society of Engineers and a waste management company, Globetech
Remedial Limited, to unveil an engineering solution for storm water and sewage
challenges in cities. Stakeholders stated at a workshop to unveil the
engineering solution manufactured by US-based firm, Vac-Con, that the gadget
would help to improve on shared infrastructure maintenance culture as well as
save cost in public utility services.
Published by the Punch
Newspaper on Monday, 20th June 2016
#Infrastructure:
We’ll continue with 2nd Niger Bridge project
The Federal Government has again raised the hopes of
residents in the South-East when it restated its commitment to continue with
the second Niger Bridge, a project that was started by the administration of
Goodluck Jonathan.
Published by the Daily
Sun Newspaper on Tuesday, 21st June 2016
#IndustryPulse:
Etisalat restates commitment to environment protection
Etisalat Nigeria has reiterated the company’s commitment to
environmental conservation in Nigeria by continually doing its business
responsibly and in conformity with international best practices on
environmental standards.
Published by the Daily
Sun Newspaper on Tuesday, 21st June 2016
#IndustryPulse: Over
2m job opportunities for Nigerians in hospitality business
A stakeholder in the hospitality industry, Mr Ini Akpabio has
disclosed that there are over two million job opportunities in the country, if
only Federal Government is willing to drive the hospitality industry
aggressively.
Published by the Daily
Sun Newspaper on Tuesday, 21st June 2016
#Health: Senator
takes war against diabetes to constituency
Diabetes mellitus has become one of the world’s greatest
killers’ diseases. Statistics released by World Health Organization (WHO) in
2011 indicates the disease increased in the last two decade globally with
developing countries having highest prevalence rates.
Published by the Daily
Sun Newspaper on Tuesday, 21st June 2016
#SDGs: FG, CIBN task
banks on funding productive sectors
The Federal Government and
Chartered Institute of Bankers of Nigeria (CIBN) want financial services
industry to be strategic in lending to productive sector to enhance Nigeria’s
Sustainable Development Goals (SDGs).
Published by the Daily
Sun Newspaper on Tuesday, 21st June 2016
#Empowerment: CBN,
Heritage bank to empower 1,547 with N3bn YIEDP
Heritage Bank’s partnership with
the Central Bank of Nigeria (CBN) in the N3 billion Youth Innovative
Entrepreneurship Development Programme (YIEDP) to empower young graduates
entered into its second phase with the invitation of over 1,500 applicants for
training workshop recently.
Published by the Daily
Sun Newspaper on Tuesday, 21st June 2016
#Empowerment:
CHIVITA 100% supports youth devt through sports
In furtherance of its support for
sports and youth development in Nigeria, Chi Limited recently participated in
the finals of the just concluded Lagos State principal’s cup. Renowned to be
one of the biggest grassroots football competitions in Nigeria, the tournament
comprises inter-secondary school soccer among in Lagos.
Published by the Daily
Sun Newspaper on Tuesday, 21st June 2016
#Infrastructure:
N35.6bn inadequate for national housing- Fashola
Minister of Works, Power and
Housing, Babatunde Fashola, yesterday faulted the N35.6bn provided for the
National Housing Programme in the 2016 budget. He spoke during an interactive
session with members of the House of Representatives Committee on Housing
chaired by Rep Mustapha Bala Dawaki (APC, Kano). Fashola said that the amount
would “not even scratch the country’s housing deficit in the back”.
Published by the Daily Trust Newspaper on Wednesday, 22nd June, 2016
#education: Nigeria,
Pakistan strengthen education ties
Nigeria and Pakistan yesterday
agreed to boost ties in the education sector. Minister of education, Adamu
Adamu, and the Pakistani High Commissioner to Nigeria, Agha M. Umer Farooq,
signed the agreement in Abuja.
Published by the Daily Trust Newspaper on Wednesday, 22nd June, 2016
#MoU: NOA, firm sign
pact on school security
The National orientation Agency
(NOA) has signed a Memorandum of Understanding (MoU) with a firm, DZ Global
Safety and Security Limited, to create awareness on issues of security in
private schools across the country. The Director General of NOA, Garba Abari,
while signing the pact yesterday in Abuja, said it was in furtherance of the
objective of government to bring every citizen to play a positive role in
ensuring that the society is secured.
Published by the Daily Trust Newspaper on Wednesday, 22nd June, 2016
#Environment:
Relocate from River Niger banks – NOA
The National Orientation Agency
(NOA) has alerted Nigerians, especially those living along the banks of the
River Niger to an imminent flood and urged them to immediately relocate to
safer areas.
Published by the Daily Trust Newspaper on Wednesday, 22nd June, 2016
#Economy: Naira
slips further at interbank market
Naira held on to its losses against
the dollar in thin trade on Tuesday, a day after the Central Bank removed its
currency peg in an effort to alleviate chronic foreign currency shortages
choking growth. Fifteen trades worth a total of $50 million had been made by
1220 GMT, most recently at 284 to the dollar – just weaker than where it ended
up on Monday after a 30 percent slump.
Published by the Daily Trust Newspaper on Wednesday, 22nd June, 2016
#Economy: Fuel
marketers claim unpaid N16bn subsidy
The Federal Government owes some
major oil marketers N16 billion outstanding subsidy and bridging claims in the
first quarter of 2016. Details of the debt claims are contained in the 2016
first quarter unaudited financial result of four petroleum marketing companies
filed with the Nigerian Stock Exchange (NSE).
Published by the Daily Trust Newspaper on Wednesday, 22nd June, 2016
#Economy: Dollar
bonds jump on new FX regime
Nigeria’s dollar-denominated bonds
rose as much as half a cent on Tuesday, a day after the central bank abandoned
its currency peg in an effort to ease chronic foreign currency shortages.
Published by the Daily Trust Newspaper on Wednesday, 22nd June, 2016
#Economy: Nigeria
spent N5.60bn on import of jute bags – Minister
Nigeria spent N5.60 billion ($20
million) on the importation of jute bags by the end of 2015, despite the fact
that the country had the potential of becoming a net exporter of bags. This was
disclosed, yesterday, by the Minister of State for Industry, trade and Investment,
Mrs Aisha Abubakar, during the inauguration of Kenaf Producers, Processors and
Marketers Association of Nigeria, held in Abuja.
Published by the Daily Trust Newspaper on Wednesday, 22nd June, 2016
#Economy: Auto
development fund generated N18.09bn in 13 yrs
In the last 13 years, the total
inflow from the National Council Auto Development Funds (NACADF) stands at
N18.09 billion. This was made known in the Annual Report and Account of the
Bank of Industry (BOI) for the year ended 2015.
Published by the Daily Trust Newspaper on Wednesday, 22nd June, 2016
#Investment: Stocks
gain N224bn
Equity trading on the floor of the
Nigerian Stock Exchanged closed positive yesterday to catapult the stock value
higher by 2.27 per cent, an equivalent of N224 billion profits for investors.
Published by the Daily Trust Newspaper on Wednesday, 22nd June, 2016
#IndustryPulse:
First African solo flight takes off in US
The First Africa round-the-world
solo flight to be embarked upon by a Nigerian pilot, Ademilola Odujinrin, would
take off from Washington DC, United States, not Nigeria, as earlier planned.
Published by the Daily Trust Newspaper on Wednesday, 22nd June, 2016
#Environment:
Refuse, people compete for space in Abuja
After the expiration of the 21 days’
ultimatum given to area councils to clean up parks, markers and the entire
territory by the Senate committee on the Federal Capital Territory (FCT), more
is still to be desired especially in some satellite towns in Abuja Municipal
Area Council (AMAC).
Published by the Daily Trust Newspaper on Wednesday, 22nd June, 2016
#Environment: FG
says no GMOs officially grown in Nigeria
The Federal Government on Monday
said at present no Genetically Modified Organisms (GMOs) are officially grown
in Nigeria and urged Nigerians not to panic over the issue. The Minister of
Environment, Amina Mohammed, who stated this in order to put to rest concerns
over GMOs expressed by the public which she described as legitimate, also
disclosed that what they have approved was for field trials. “All the GMOs in
Nigeria officially approved are under experimental fields,” she said.
Published by the Daily Trust Newspaper on Wednesday, 22nd June, 2016
#Environment: Lead
poisoning- Shikira cleanup stalls one year after
A rural mining community in Rafi
council area of Niger State, Shikira, has sparked concern among environment,
one year after lead contamination. An environmental watch group, Connected
Development, in a statement signed by the chief executive, Hamzat Lawal, has
said that at least 28 children under five years died in an outbreak of lead
poisoning last year May in Shikira, and more than 300 are living with high
levels of lead contamination in their blood and in need of urgent medical
attention.
Published by the Daily Trust Newspaper on Wednesday, 22nd June, 2016
#CSR: Indomie feeds
3m people during Ramadan
Dufil Prima Foods, makers of
Indomie noodles brand has said its Ramadan project is to feed three million Muslims
across the nation, by making available a number of mobile kitchens in central
mosques, across the country during the Ramadan period.
Published by the Daily Trust Newspaper on Wednesday, 22nd June, 2016
#Empowerment:
Chivita supports youth in sports
Chi Limited has recently
participated in the finals of the just concluded Lagos State principal’s cup.
Renowned to be one of the biggest grassroots football competitions in Nigeria,
the tournament comprises inter-secondary school soccer amongst schools in Lagos.
Published by the Daily Trust Newspaper on Wednesday, 22nd June, 2016
#Power: Total boosts
power supply with Ofon project
The total’s Ofon 2 project
fabricated topsides platform built by Nigerdock was yesterday commissioned in
Lagos raising hope increased gas delivery to the Bonny Liquefied Natural Gas
(LNG) to boost the gas sector.
Published by the Daily Trust Newspaper on Wednesday, 22nd June, 2016
#IndustryPulse:
Billboardworld unveils online edition
In an effort to reach the global
market by attracting more readership and coverage, out-of-home advertising
magazine, Billboard World, is announcing a robust online edition.
Published by the Daily Trust Newspaper on Wednesday, 22nd June, 2016
#Economy: CBN
sustain dollar auction, Naira record first gain
The sustained auction of the dollar at the interbank by the
Central Bank of Nigeria (CBN), yesterday strengthened the Naira from the
beginning of transactions to the end, as it recorded straight gains. The Naira,
which closed at N282 per dollar yesterday, gaining N2 from Tuesday’s record of
N284, was supported by sustained auction by CBN.
Published by the
Guardian Newspaper on Thursday, 23rd June, 2016
#Event: Delta group hosts economic summit June 30 in Lagos
The Delta Economic Summit Group (DESG) has concluded
arrangement to organise its maiden economic discourse with the theme, “Bridging
the Investment Gap in Delta State.” According to the organizers, the summit,
which holds next Thursday, June 30 at the Civil Centre, Victoria Island in
Lagos, is in line with the group’s vision to become the principal private
sector-led think-tank and advocacy authority in economic development, promote
collaboration between the state government and the private sector.
Published by the Guardian Newspaper on Thursday, 23rd June, 2016
#Event: NBCC convenes agriculture meeting
The Nigerian-Belgian Chambers of Commerce is holding a
breakfast meeting in Lagos to advance the economic relationship between Nigeria
and Europe with respect to agriculture. Scheduled for Wednesday, 29 June, 2016
at Eko Hotel, it promises to discuss a variety of issues under the theme: ‘How
Europe and Nigeria Can Benefit from a Mutual Cooperation on Agribusiness.
Published by the
Guardian Newspaper on Thursday, 23rd June, 2016
#StakeholderAction: Government to implement GES scheme without states
The Federal Government has said the Growth Enhancement
Support (GES) scheme would be implemented this year across the federation
without the collaboration of the state government, the News Agency of Nigeria
(NAN) reports. Regional Director, North Central Zone, Federal Ministry of
Agriculture and Rural Development, Olushakin Osho, made the disclosure
yesterday at a stakeholders’ meeting in Minna, the capital of Niger State.
Published by the
Guardian Newspaper on Thursday, 23rd June, 2016
#Economic: FAAC distributes N305.128b as May revenue target falls by
N203.978b
The resumed militancy in the Niger Delta region of the
country has taken a great toll on the country’s revenue generation currently
driven largely by oil mineral resource and may indeed negatively affect the
2016 budget implementation across the states as well as the Federal Government
it figure of revenue receipts for the Month of May 2016 is anything to go by. At
the Federation Accounts Allocation Committee (FAAC) meeting yesterday to
distribute the May federation revenue where the sum of N509.106 billion was
projected as revenue, only the sum of N305.128 billion was realized and
distributed, thus leaving a shortfall of N203.978 billion attributed to the
drop in oil minerals production of about 2.3 million barrels.
Published by the
Guardian Newspaper on Thursday, 23rd June, 2016
#Empowerment: Ambode urges OPS’s support for graduate job scheme
Lagos State Governor Akinwunmi Ambode, yesterday called on
members of the Organised Private Sector (OPS) to support the state’s graduate
internship scheme, in order for them to get necessary skill transforming them to
get necessary skills transforming them to job creators rather than job seekers.
Ambode, made the call at the Government House, Alausa, Ikeja, when he received
a delegation of the management of Total Exploration and Production Nigeria
Limited.
Published by the
Guardian Newspaper on Thursday, 23rd June, 2016
#Economy: Hoteliers
under pressure to hike rates as operating cost rises
With occupancy rate hovering between 30-40 percent due to the
economic downturn, major hotel brands in Nigeria are finding it difficult to
meet their revenue targets, especially for the first and second quarters of the
year. The situation results in over 30 percent revenue loss and is pushing
hotels to hike their rates (already adjudged over-priced by guests) in order to
meet rising operational cost.
Published by the
Business Day Newspaper on Friday, 24th June, 2016
#Economy: Respite for Q3 job creation on rising business, FX policy
Indications are fast emerging that job creation for the third
quarter of 2016 may rise marginally on the back of the recent foreign exchange
(FX) liberalization. Despite a fall in business activities and employment to
57.0 and 29.9 index points in the second quarter of 2016, from 61.2 and 36.0
respectively in the first quarter, Central Bank of Nigeria (CBN)’s Business Expectation
Survey noted the high prospects for business volume and employment index in the
third quarter.
Published by the
Business Day Newspaper on Friday, 24th June, 2016
#IndustryPulse: South Africa’s MTN bets on mobile banking with new
CEO
MTN’s new chief executive Rob Shuter has been brought in to
boost profits at Africa’s biggest mobile phone group after a $1.7 billion fine
in Nigeria, by persuading its 200 million clients to use their handsets to
store money and pay bills.
Published by the
Business Day Newspaper on Friday, 24th June, 2016
#Investment: Nigeria stocks rise most in world even as foreigners remain wary
Stock market up 8% since Tuesday, day after naira peg ended
Nigeria’s stocks rose for a third day to their highest level in almost nine
months as local pounced following the end of the naira’s peg on June 20.
Foreign investor may be waiting until the currency weakens further.
Published by the
Business Day Newspaper on Friday, 24th June, 2016
#Industry: ‘NEITI will ensure solid minerals sector doesn’t repeat
oil/gas sector’s mistakes’
Nigeria Extractive Industries Transparency Initiative (NEITI)
say strategic measures are being put in place to ensure that solid minerals,
which is part of the extractive sector, dose not suffer the same challenges
that oil and gas sector face when it starts gaining traction in the future.
Published by the
Business Day Newspaper on Friday, 24th June, 2016
#Economy: Stock Exchange earns N4bn from transaction, listing fees
The Nigerian Stock Exchange (NSE) raked-in about N4billion
from transaction and listing fees both accounting for 95 percent of the bourse
N4.226 billion full year (FY) 2015 revenue. The Group earned N2.609 billion
from transaction fees, down from N4.140 in the corresponding year 2014; N1.386
billion from listing fees, a decline from N164.76 million was earned from
entrance levies, a decline from N370.138 million in 2014.
Published by the
Business Day Newspaper on Friday, 24th June, 2016
#Economy: Beijing will gain $5.6tn from growth model shift, says McKinsey
China has been told its economy could be worth $5.6tn more by
2030 if it steers away from investment-led growth and embraces productivity
reforms. McKinsey, the business consultancy, calculates labour productivity in
China is only 15-30 per cent of the average for countries of the Organisation
for Economic Co-operation and Development. That implies significant room for
catch-up growth before China reaches the global technological frontier where
further gains become more difficult. McKinsey warns the need to reform is
urgent given that the old model continues to cause rising debt and falling returns
on corporate investment.
Published by the
Business Day Newspaper on Friday, 24th June, 2016
#Energy: Iran names five companies to partner western energy groups
Iran has confirmed the names of five Iranian companies that
it has identified as partners for international energy majors seeking to invest
in the Islamic Republic, taking it a step closer to opening up its oil and
gasfields to western investment.
Published by the
Business Day Newspaper on Friday, 24th June, 2016
#StakeholderAction: Investor bodies urge action against VW
Investor advisory bodies are planning to ask a German court
to appoint an independent expert to lead an investigation into whether
Volkswagen’s top managers and directors played any role in the diesel emission
scandal.
Published by the
Business Day Newspaper on Friday, 24th June, 2016
#Environment: Lagos moves to check flooding as rains intensify
Lagos State says the June 2016 environmental sanitation
exercise will be used to clear blocked drainages and canals across the state,
to allow for free flow of water as the raining reason gathers strength.
Babatunde Adejare, the commissioner for the environment who
stated this, reaf-firmed that the sanitation exercise would be observed
state-wide between 7:00am and 10:00am on Saturday, June 25th, during which, as
usual, there will be restriction of human and vehicular movement across the
state.
Published by the
Business Day Newspaper on Friday, 24th June, 2016
#Health: Bello ups campaign against sickle cell
Rashida Bello, wife of Kogi State governor has said that no
child in the state must fall a victim of sickle cell anemia. Bello took the
battle against the disorder to secondary schools in the state where students
from selected schools were given free genotype screening and lectured on the
need to know their genotype before getting married.
Published by the
Business Day Newspaper on Friday, 24th June, 2016
#OilandGas: Bristow Nigeria introduces new Helicopter Rescue and Recovery
Services
Bristow Helicopter (Nigeria) Limited has announced its plan
to float a new helicopter dedication to rescue and recovery (RRS) service for
Nigeria’s oil and gas industry. This, the company says is to provide critical
life-saving assistance currently not available in the country’s aviation
landscape. The new service is expected to launch in August.
Published by the
Business Day Newspaper on Friday, 24th June, 2016
#StakeholderAction: Sahara Group boosts war against cancer with N120
million
Leading energy and infrastructure conglomerate, Sahara Group,
has donated N120 million towards the cause of acquiring Mobile Cancer Centers
(MCC) as Nigeria continues to seek sustainable avenue of combating the deadly
disease.
Published by the
Business Day Newspaper on Friday, 24th June, 2016
#Award: MainOne emerges as connectivity partner at FirstBank’s Tech
Startup Conference
MainOne, one of West Africa’s leading connectivity and
Solutions Company was the exclusive inter-connectivity provider of the Tech
Startup Conference hosted by First-Bank of Nigeria. In a partnership targeted
at delivering value to the organizers and participants, MainOne designed,
installed and managed advanced Wi-Fi and Distributed Antenna System network at
the event venue, providing 155Mbps free data capacity throughout the facility
and for dedicated live streaming of the event.
Published by the
Business Day Newspaper on Friday, 24th June, 2016
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