#Event: RIMAN Holds
National Risk Conference
The Risk Managers Association of Nigeria (RIMAN) will hold
its 16th annual national conference and annual general meeting on the 14th and
15th July, 2016, in Lagos. The conference theme is “Global Oil Crisis and
Energy Risks in Nigeria”.
Published by This Day
Newspaper on Monday, 11th July, 2016
#IndustryPulse:
Stakeholders move to revive Exportation of Agro Produce
Industry experts have agreed to join forces to revive the
exportation of yam, beans, coca and other agricultural produce from Nigeria to
the United States and other countries.
Published by This Day
Newspaper on Monday, 11th July, 2016
#Technology #Partnership:
Stanbic IBTC Partners Google on Digital Inclusion
Stanbic IBTC Bank, a member of Stanbic Holdings Plc and
Google, have sealed a deal that will enable youths and operators in the small
and medium scale enterprises (SMEs) segment in the country to acquire digital
skills for economic advancement.
Published by This Day
Newspaper on Monday, 11th July, 2016
#Award: Neimeth CEO
bags Global Investor Award
The Managing Director/CEO of Neimeth International
Pharmaceuticals Plc, Dr Ebere Epkunobi, has won the GSK Inventor Award for two
patent applications covering her inventions during her tenure at GSK.
Ekpunobi’s invention is related to the discovery of compounds potentially
useful for the treatment of a rare disease.
Published by This Day
Newspaper on Monday, 11th July, 2016
#Award: Remita Bags
‘Most Efficient e-Revenue Service Award’
Remita, the integrated electronic payments and collection
platform developed by System specs has been adjudged the “Most Efficient
e-revenue Service” at the recently concluded CBN CardExpo Africa Awards 2016.
Published by This Day
Newspaper on Monday, 11th July, 2016
#IndustryPulse: Red
Star Boosts e-Commerce with New Payment System
Red Star Plc, a courier and logistics firm has deployed a
solution to manage “Pay-On-Delivery” transactions for online businesses and
e-transactions. According to a statement issued by the company, the
application, known as “Saddle”, allows instant payment delivery reconciliation,
enables customers monitor and track the movement of ordered products until
items are delivered. It also allows e-platforms/partner companies to seamlessly
receive notifications when orders are placed.
Published by This Day
Newspaper on Monday, 11th July, 2016
#Oil : Bonga Oil
spill- Niger Delta communities raise alarm over Shell’s crude tactics
The shoreline communities and fisher-persons in Delta and
Balyesa states affected by the Shell Nigeria Exploration and Production Company
(SNEOPCo), Bonga Oil Spill of December 20, 2011, yesterday raised the alarm
over what they described as attempt by the oil company to apply “same crude
divide and conquer tactics” to achieve an unjust solution to the issue of
compensation to the victims of the oil spill.
Published by This Day
Newspaper on Monday, 11th July, 2016
#Partnership:
Nigeria, Indian Firm reach agreement on Ajaokuta Steel Company
The multi-billion dollar Ajaokuta Iron and Steel Company will
soon come out of bondage following an amicable resolution of the ownership
crisis surrounding the company. According to online news website, Premium Times, the parties could reach
an agreement when the federal government and Messrs Global Steel Holdings
Limited , and Indian firm, meet next month and are scheduled to sign the terms
of settlement.
Published by This Day
Newspaper on Monday, 11th July, 2016
#Economy: Import
duties soar over new forex rules
Duties on shipping business at the ports have shot up
astronomically in the wake of the new flexible foreign exchange rate policy of
the Central Bank of Nigeria (CBN). Already, the Federal Government has launched
the implementation of the new policy, which customs and clearing agents lament
has hiked duties by 40 percent.
Published by the
Guardian Newspaper on Tuesday, 12th July, 2016
#Oil: Crude oil
prices drop to two month low
Revenue from oil may further dip as
crude prices declined to two months low yesterday. The development came as
indications emerged that the United States shale producers have adapted to
lower prices environment.
Published by the
Guardian Newspaper on Tuesday, 12th July, 2016
#Economy: Waterways,
key to diversifying economy, says NIWA’s new boss
New Managing Director of the National Inland Waterways
Authority (NIWA), Mr Boss Gida Mustapha said yesterday that President Muhammadu
Buhari was committed to employing the waterways to diversify the economy.
Published by the
Guardian Newspaper on Tuesday, 12th July, 2016
#Health: Health
reforms reduce infant mortality by 69%, says govt
The Federal Government yesterday said health sector reform
has achieved infant mortality reduction from 100 per 1000 live births in 2003
to 69 per 100 live births in 2013.
Published by the
Guardian Newspaper on Tuesday, 12th July, 2016
#StakeholdersAction:
Stakeholders want better living conditions for teenage girls
Stakeholders have vowed to continue to promote the Nigerian
girl-child to attain her full potentials in the development of the country. The
stakeholders gave the assurance yesterday in their various messages to mark the
2016 World Population Day with the theme: “Investing in Teenage Girls” in
Abuja.
Published by the
Guardian Newspaper on Tuesday, 12th July, 2016
#Health: Govt to set
up cancer centres, seeks WHO assistance
The Federal government yesterday said it will set up cancer
care centres in its tertiary institutions to reverse the rising trend of
medical tourism. It is therefore seeking the support of the World Health
Organization (WHO) and other development partners to actualize the plan.
Published by the
Guardian Newspaper on Tuesday, 12th July, 2016
#IndustryPulse:
Manufacturers contemplate exit as production cost rises by over 50%
If the proposed common passport by the African Union becomes
a reality, Nigeria may experience another round of exodus of industrial firms
to neighbouring countries where the cost of production is cheaper.
Specifically, manufacturers decried the rising cost of production, noting that
overhead cost incurred in providing alternative infrastructure like power is
becoming unbearable for large and small-scale industrial firms who do not have
capacity to invest in gas generators.
Published by the
Guardian Newspaper on Tuesday, 12th July, 2016
#StakeholdersAction:
Facilitate clean-up of Niger-Delta, don charges govt
Facilitate the tidying up of Ogoniland and other devastated
areas of the Niger- Delta and stop looking for foreign help, Prof Wole Soboyejo
of the Department of Mechanical and Aerospace Engineering, African University
of Science and Technology (AUST) yesterday challenged the Federal Government.
Published by the
Guardian Newspaper on Tuesday, 12th July, 2016
#Power: Govt assures
of improved solar-powered electricity
The Minister of Power, Works and Housing, Babatunde Fashola,
yesterday assured of affordable and improved electricity supply through solar
energy. The minister said this in Benin City, Edo State at the opening of 7th
stakeholders meeting of the power sector.
Published by the
Guardian Newspaper on Tuesday, 12th July, 2016
#Education: Oyo
constitutes education reform panel as schools remain shut
Oyo state government yesterday set up 31-member Education Reform Initiative
Committee to widen its scope of consultations on the proposed participatory
management of public secondary school in the state.
Published by the
Guardian Newspaper on Tuesday, 12th July, 2016
#Partnership:
Nigeria, South Africa sign pact on post bank, agric
Nigeria and South Africa are planning to sign an agreement on
a post bank and agriculture. Nigeria’s Consul General in South Africa,
Ambassador Uche Ajulu-Okeke, told the News Agency of Nigeria (NAN), yesterday
in Johannesburg that the Federal Government was exploring the opportunity
through a private consortium to link Post Bank of South Africa with NIPOST.
Published by the
Guardian Newspaper on Tuesday, 12th July, 2016
#Environment#Award:
29 environmentalists receive encouragement award in Lagos
Twenty-nine environmentalists were honoured with awards at
the end of a two-day Africa Clean Up Conference with the theme: “Engaging Local Communities on Best
Sustainable Practice in Sanitation and Waste Management”. It was organized
by Executive Director, Passion House, Alex Akhigbe in Lagos.
Published by the
Guardian Newspaper on Tuesday, 12th July, 2016
#IndustryPulse: Govt
saves N139b from new fuel pricing policy
By pegging the price of Premium Motor Spirit (PMS) at N145 a
litre , the Federal Government has in the last two months saved about N139
billion from subsidy removal.
Published by the
Guardian Newspaper on Tuesday, 12th July, 2016
#Oil#StakeholdersAction:
Experts urges govt to dialogue with PENGASSAN on oil sector crisis
The Federal Government must dialogue with the Petroleum and
Natural Gas Senior Staff Association of Nigeria (PENGASSAN) as a foil to the
persistent crisis facing the industry. The chairman of the Industrial Global
Union, Africa Region, Comrade Issa Aremu, wants the dialogue to be aimed at
resolving issues that have always recurred.
Published by the
Guardian Newspaper on Tuesday, 12th July, 2016
#Infrastructure:
Lagos spends N115b on capital projects in six months
Lagos State Governor, Akinwumi Ambode said yesterday his
administration spent over N115.624 billion on capital project between January
and June. The Governor, who spoke at the Second Quarter Town Hall meeting at
the Muslim Community Praying Ground ion Badagry Local Government, put the first
half 2016 budget performance at 70 per cent.
Published by the Nation
Newspaper on Wednesday, 13th July, 2016
#MSMEs: BoI
disburses N5.6b to MSMEs
The Bank of Industry (BoI) disbursed N5.6 billion to Micro
Small and Medium Enterprises (MSMEs) in the country last year, the Acting
Managing Director, Waheed Olagunju, has said. Waheed, who spoke at the
Insurance Industry Consultative Council, National Insurance Conference 2016, with
the theme, ‘Expanding National Resources
and Infrastructure in Challenging Times,’ in Abuja, yesterday, promised to
double the figure this year.
Published by the Nation
Newspaper on Wednesday, 13th July, 2016
#Economy: EU
earmarks N2.03tr Nigeria, others’ EPA devt
The Commissioner for Industry and Private Sector Promotion at
the Economic Community of West African States (ECOWAS) Commission, Mr Kalilou
Traore yesterday said the European Union (EU) and its member states have set
aside 6.5 billion euros (about N2.03 trillion) to support West Africa’s
Economic Partner agreement (EPA) Development Programme for the next five years.
Published by the Nation
Newspaper on Wednesday, 13th July, 2016
#Power Gas-to-Power,
others top govt attention
The Minister of State for Power, Works and Housing, Hon.
Mustapha Baba Shehuri said in order to make progress in the power sector;
gas-to-power and other four topics would be thoroughly discussed in the ongoing
second National Council on Power (NACOP) in Kaduna.
Published by the Nation
Newspaper on Wednesday, 13th July, 2016
#Power: BEDC to
install additional 10,000 meters
Conscious of the metering gaps existing across various
customer classes, Benin Electricity Distribution Plc (BEDC) said it plans to install
additional 100,000 meters for domestic and commercial customers this year.
Published by the Nation
Newspaper on Wednesday, 13th July, 2016
#Energy: Funding
threatens West Africa gas pipeline project
The West Africa Gas Pipeline
Company (WAPCo) yesterday expressed concern over the financial situation of the
project which they lamented may stall the implementation of the project.
Published by the Nation
Newspaper on Wednesday, 13th July, 2016
#Economy: CBN takes
steps to preserve foreign reserves
The Central Bank of Nigeria (CBN) has itemised some of the
steps it is taking to stop depletion of the foreign reserves. Speaking during
the maiden Financial Journalists’ and Image Makers’ Parley in Lagos, CBN Deputy
Governor, Corporate Services, Adebayo Adelabu, said the apex bank will continue
to maintain external reserves to safeguard the international value of the
naira, adding that the CBN has taken proactive steps check further depletion of
the reserves.
Published by the Nation
Newspaper on Wednesday, 13th July, 2016
#IndustryPulse:
Lagos endorses Skye Bank mgt
The Lagos State Government has expressed its confidence on
the Board and Management and Leadership of Skye Bank noting that the Bank is
safe and in good financial health.
Published by the Nation
Newspaper on Wednesday, 13th July, 2016
#Economy: Niger
Delta crisis to worsen banks’ bad loans, says Fitch
Fitch Ratings has said ongoing crisis in the Niger Delta,
which has affected oil production in the country, will worsen the volume of
non-performing loans in banks. Also, the rating agency has downgraded First
Bank of Nigeria Limited’s (FBN) and United Bank for Africa’s (UBA’s) Long-Term
Foreign Currency Issuer Default Ratings (IFRs) to ‘B’ from ‘B+’. it, however,
said the banks’ outlook remains stable.
Published by the Nation
Newspaper on Wednesday, 13th July, 2016
#IndustryPulse: Zero
duty on aircraft importation, spare parts coming
In a bid to ameliorate the challenges faced by Nigerian
carriers, the Federal Government has concluded plans to implement zero-duty and
Value Added Tax (VAT) payments on the importation of commercial airplanes and
spare parts.
Published by the Nation
Newspaper on Wednesday, 13th July, 2016
#Employment: NDE to
create ‘decent jobs’ for Nigerians
From the National Directorate of Employment (NDE) came
yesterday cheery news for job seekers. The agency is set to create jobs for the
unemployed. Director-General, Kunle Obayan has said the agency is already
taking advantage of the decent work agenda of the International Labour
Organization (ILO) to create jobs.
Published by the Nation
Newspaper on Wednesday, 13th July, 2016
#Economy: SEC seeks
media’s collaboration on master plan
The Securities and Exchange Commission (SEC) has sought the
collaboration of media organizations to ensure effective implementation of the
Capital Market 10-year Master Plan.
Published by the Nation
Newspaper on Wednesday, 13th July, 2016
#StakeholdersAction: Oil Workers Suspends Strike, To Continue
Negotiations with FG
The Petroleum and Natural Gas Senior Staff Association of
Nigeria (PENGASSAN) in the early hours of yesterday agreed to suspend its six
days old strike after a 12 hour long meeting with the minister of Labour and
Employment, Chris Ngige and officials of the International Oil Companies
(IOCs).
Published by the Leadership Newspaper on Thursday, 14th July, 2016
#Awards: Kebbi SSG
Bags Leadership Award from Yauri Emirate Students
The Secretary to the Kebbi State Government, Alhaji Babale
Umar has been honoured with an exemplary leadership award by Yauri Emirates
Students Association (YESA), Kebbi State University of Science and Technology
Chapter along with other distinguished sons of the emirate.
Published by the Leadership Newspaper on Thursday, 14th July, 2016
#Economy: Ishaku set
up committee on revenue generation
Taraba State Governor, Mr Darius Ishaku has set up a revenue
monitoring team across the 16 local government areas of the state to generate
funds for the state. Ishaku, while speaking to the revenue monitoring teams
yesterday in Jalingo said each team was made up of a special adviser, two
senior special assistants and special assistants respectively.
Published by the Leadership Newspaper on Thursday, 14th July, 2016
#Health: FMC Bida
Installs N152m Computerised Tomographic Scanning Machine
The Federal Government has approved the installation of a
computerised Tomographic Scanning machine worth N152 million at the Federal Medical Centre Bida, Niger
State as a bold step to improve tertiary
health care delivery in the state.
Published by the Leadership Newspaper on Thursday, 14th July, 2016
#Health: Reps Decry
Deterioration in National Hospital
The House of Representatives is set
to conduct an investigative hearing toward restructuring and re-positioning of
the National Hospital for better and efficient service delivery. This followed
a motion under matters of national public importance sponsored by Hon. Sani
Abdu in which he explained that the National Hospital since its upgrade to a
Tertiary Referral Hospital and Centre of Excellence in 1999, provided quality
services to the public but has in recent times, deteriorated as its service has
become one of the poorest in public health institutions in the city.
Published by the Leadership Newspaper on Thursday, 14th July, 2016
#Oil: OPEC Producer
Projects Oil Price Rising To $60 Until 2018
Crude oil will rise to a range of
$50 to $60 a barrel until at least 2018 as demand increases and markets absorb
an oversupply that’s led to lower prices over the last two years, according to
the acting oil minister of OPEC member, Kuwait.
Published by the Leadership Newspaper on Thursday, 14th July, 2016
#Economy: FG Begins
Disbursement of $550m to Sates Today
In its total commitment towards
affordable and easy accessibility to healthcare for all Nigerians, the federal
government will today begin the disbursement of $550 million to states in
collaboration with a scheme referred to as “Save a million lives”, and each
state is expected to get $1.5m.
Published by the Leadership Newspaper on Thursday, 14th July, 2016
#Innovation: African
University of Verge of Cancer Breakthrough
The African University of Science
and Technology (AUST) said it’s hoping to introduce cancer drugs within the
next few years, after the drug has undergone animal and human trials.
Published by the Leadership Newspaper on Thursday, 14th July, 2016
#Health: 700
Pregnant Women Infected, 300 Infants Exposed to HIV in Balyesa
A United States-based
non-governmental organisation, PACT, yesterday declared that out of the 50,000
pregnant women tested in Balyesa State for the Mother-to-Child Transmission of
HIV/AIDS, 700 pregnant women were placed on antiretroviral prophylaxis and 300
HIV infants exposed. Mr Trevor Maisiri, the Nigerian Director of PACT, made
this known during the launch of the second phase of the community based
Prevention of Mother-to-Child Transmission of HIV/AIDS (PROMOT 11) project.
Published by the Leadership Newspaper on Thursday, 14th July, 2016
#Stakeholders’Action:
Adamawa Health Workers Protest Non-payment of Salaries
Hundreds of health workers employed
by the Adamawa State Government on Monday protested the non-payment of their
two years salaries. The workers who carried placards with various inscriptions
besieged the Health Service Management Board, Yola, demanding explanations for
the delay in the payment of their salaries.
Published by the Leadership Newspaper on Thursday, 14th July, 2016
#Economy: Naira
Weaken Further at Interbank, Parallel Market
The value of the naira continued to
weaken at both the interbank and parallel market even as liquidity crunch drove
overnight interbank rates to double digits. The naira, which had been stable
around N282 to the dollar at the interbank market, yesterday declined by 0.35
per cent.
Published by the Leadership Newspaper on Thursday, 14th July, 2016
#Stakeholders’Action:
Stakeholders Kick Against Planned Amendment of NLNG Act
Some stakeholders in the Petroleum
Industry have described as a threat to the nation’s economy the plan by the
National Assembly to amend the Nigeria Liquefied Natural Gas (NLNG) Act.
Published by the Leadership Newspaper on Thursday, 14th July, 2016
#Investment: Stock
Market Reverses Gains, Sheds N44bn
The Nigeria Stock market closed
yesterday on a decline as it reversed gains posted the previous day. The
NSE-ASI shed 126.92 absolute or 0.44 per cent to close a close 28,730.42
points. Similarly, the market capitalisation shed N44 billion to close at
N9.867 trillion.
Published by the Leadership Newspaper on Thursday, 14th July, 2016
#Business: Union
Dicon Unveils $100m Diversification Plan Into Agro Business
As part of its expansion
initiatives, Union Dicon Salt Plc (UDS) has unveiled a $100 million strategy,
aimed at transforming the firm into an integrated food manufacturing and
Agro-business.
Published by the Leadership Newspaper on Thursday, 14th July, 2016
#StakeholdersAction:
Agro Dealers Urge FG to Balance N40bn GES Funds
Member, Board of Trustee and
national Public Relations Officer to Growth Enhancement Scheme Agro Dealers
Association of Nigeria (GESAAN), Akinola Martins, has called on President
Buhari, through the Minister of Agriculture and Rural Development, Chief Audu
Ogbeh, to pay the balance of over N40 billion owed to the Association.
Published by the Leadership Newspaper on Thursday, 14th July, 2016
#Agric: Nigeria
Launches Agricultural TV Programme
Verdure Vision Limited, publishers
of AgroNigeria Magazine, an
agricultural communication outfit, is set to launch the maiden edition of her
television programme; Agro on TV. The television programme is focused towards
attracting greater amounts of public and private sector investment into the
Nigerian Agricultural sector, engendering the enactment of policies that
support international best practice agriculture in Nigeria, as well as stopping
infrastructural decay in the sector.
Published by the Leadership Newspaper on Thursday, 14th July, 2016
#Empowerment: NTI
Begins SMASE CYCLE III National Training
The National Teachers’ Institute
(NTI) has commenced 2-weeks training for Mathematics and Science subject
teachers in the country. The training comprising teachers drawn from Abia,
Ebonyi, ekiti, Oyo and Yobe
states is the 3rd phase of this 2nd set of teachers under the Strengthening
Mathematics and Science Education (SMASE) Nigeria Project.
Published by the Leadership Newspaper on Thursday, 14th July, 2016
#Economy: Economy
Running at 40% Loss
The Secretary to the government of
the federation (SGF), Mr Babachir Lawal, has confirmed the precarious state of
the economy saying it was currently running at a 40 per cent loss. He dropped
the bombshell yesterday when he appeared before the Senate Joint Committee on
Ethics, Privileges and Public Petitions as well as Finance and Appropriation.
Published by the Leadership Newspaper on Thursday, 14th July, 2016
#Health: Male
circumcision reduced new HIV infections by 90%
Scientists are getting close to
ending the scourge of Human Immuno-Deficiency Virus (HIV)/ Acquired Immune
Deficiency Syndrome (AIDS) with the announcement that male circumcision and antiretroviral
(ARV) drugs “significantly reduced new infections by over 90 per cent”.
Published by the Guardian Newspaper on Friday, 15th July, 2016
#IndustryPulse: NLNG
names Attah new MD
The Nigeria Liquefied Natural Gas (NLNG)
Ltd has appointed Mr. Tony Attah as its new Managing Director and Chief
Executive Officer. This is contained in a statement signed by Mr Kudo
Eresia-Eke, NLNG’s General Manager, External relations on Thursday.
Published by the Guardian Newspaper on Friday, 15th July, 2016
#Economy: NPA expresses
worry over nation’s weak export potential
The Nigerian Ports Authority (NPA)
has decried the declining activities at the ports, due to weak export potential;.
The NPA noted that about 90 per cent of containers shipping goods from other
countries leave the shores of Nigeria empty.
Published by the Guardian Newspaper on Friday, 15th July, 2016
#Technology: firms
to drive digital transformation in Nigeria, 15 others
Two leading business communications
software and outsourcing firms are currently working on helping customers
achieve their digital transformation objectives in Nigeria and 15 other African
countries.
Published by the Guardian Newspaper on Friday, 15th July, 2016
#Investment:
Investors’ wealth depreciates by N28 billion in three trading days
Equity transactions on the Nigerian
Stock Exchange (NSE) closed on a downward note on Wednesday, following price
losses suffered by most blue chip companies as investors’ wealth depreciates by
N28 billion in three trading days.
Published
by the Guardian Newspaper on Friday, 15th July, 2016
#Economy #Infrastructure:
Plateau upgrades Jos airport for agribusiness
The Plateau State government has
commenced plans for the expansion and development of perishable cargo terminal
at the Jos airport. The aim, according to the state government is to improve
the evacuation and distribution of farm produce, including livestock, from the
state.
Published by the Guardian Newspaper on Friday, 15th July, 2016
#Technology:
TechPlus targets Nigeria’s dominance in global ICT ecosystem
For Nigeria to play a major role in
global technology space, the need for the country to develop home-grown
technologies that can compete favourably has been stressed. Speaking ahead of
this year’s technology conference- TechPlus, the Managing Director, Connect Marketing
Services, organizers of the event, Tunji Adeyinka, said the world is currently
experiencing an explosion of connectivity and innovation in every area of
lives, notably education, healthcare, finance and automobile.
Published by the Guardian Newspaper on Friday, 15th July, 2016
#MoU #Innovation:
Spectranet takes Internet On-board Aero Flights
Spectranet 4G LTE, in furtherance of
its brand evolution journey and commitment to provide world class internet
service experience, has signed a memorandum of understanding with Aero
contractors. The partnership with the foremost airline company in the country
is aimed at providing free internet service to the passengers of Airline at the
Murtala Muhammed two airports.
Published by the Guardian Newspaper on Friday, 15th July, 2016
#Technology: StarTimes
enhances capacity with Eutelsat for DIT Broadcasting in Africa
StarTimes, one of the fastest
growing operators of digital TV networks in Africa, and Eutelsat Communications
have concluded new multi-year agreements that set the stage for accelerated
roll-out of digital broadcasting services across Africa.
Published by the Guardian Newspaper on Friday, 15th July, 2016
#IndustryPulse: CWG
launches ATM-as-a-Service Initiative
Computer Warehouse Group Plc has
launched Automated Teller Machine-as-a-service, a solution focused on enabling
the growth in the financial industry to ensure a more thriving society.
Published by the Guardian Newspaper on Friday, 15th July, 2016
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