#Economy: Nigeria in
recession, says Adeosun, Udoma disagrees
Finance Minister, Mrs Kemi Adeosun, who briefed he Senate on
the state of the economy, was blunt. She told the law makers yesterday that the
country’s economy has entered a recession stage. But her Budget and National
Planning counterpart, Udoma Udo Udoma, tried to keep hope alive, saying a
recession is still far away.
Published by the Guardian Newspaper on Friday, 22nd July, 2016
#Economy: Nigeria,
others lose $23b yearly to products rejection by EU
Continued rejection of non-oil exports from Nigeria and other
African countries, especially agro-allied commodities, translates to a yearly
loss of $23 billion in earnings, the United Nations Conference on Trade and
Development (UNCTAD) has said.
Published by the Guardian Newspaper on Friday, 22nd July, 2016
#Power: Govt seals
deal with 14 firms to generate 1125mw
The Federal Government yesterday sealed a Power Purchase
Agreement with 14 firms to generate 1125 megawatts of electricity from solar
before the end of next year. This followed the approval by the Nigerian
Electricity Regulatory Commission (NERC) and evacuation approval from the
Transmission Company of Nigeria.
Published by the Guardian Newspaper on Friday, 22nd July, 2016
#Empowerment: BoI
disburses N426m to youths under the GEF scheme
To further promote entrepreneurial
initiatives in a bid to reduce youth unemployment, the Bank of Industry (BoI)
has approved N426 million for on-lending to businesses owned by National Youth
Service Corps (NYSC) members under the Graduate Entrepreneurship Fund (GEF).
Published by the Guardian Newspaper on Friday, 22nd July, 2016
#Agric: Gombe warns
against diversion of fertilizer
Gombe State Governor, Ibrahim
Hassan Dankwambo has warned farmers in the state against diverting fertilizers
distributed for the 2016 farming season. Speaking during the distribution and
sales of 20,000 metric tonnes of assorted fertilizers to farmers in the state
for the 2016 farming season, the Governor noted that the present administration
since 2011 has procured over 120,000 metric tonnes of fertilizer.
Published by the Guardian Newspaper on Friday, 22nd July, 2016
#Technology: Avaya,
21st Century unveil hybrid cloud solutions for W/Africa SMBs
Avaya, a global leader in business
communications software, systems and services, announced today a strategic
alliance with 21st Century Technologies to help midmarket companies
in Nigeria and West Africa achieve their digital transformation objectives.
Published by the Guardian Newspaper on Friday, 22nd July, 2016
#Technology: Huawei
joins initiative to drive Africa’s digital transformation
Huawei has joined the Smart Africa
Alliance as Information and Communications Technologies (ICT) advisor and Platinum
member at the Smart Africa Board Meeting. The partnership with the Smart Africa
Alliance is one of Huawei’s efforts to drive digital transformation in Africa.
Published by the Guardian Newspaper on Friday, 22nd July, 2016
#Economy: Lagos
targets N50bn monthly IGR, N1tn budget
The Lagos State Government says it
has set a target of increasing the Internally Generated Revenue of the state to
N30bn monthly by 2017, adding that by 2018, the IGR will increase to N50bn.
Published by the Punch Newspaper on Monday, 25th July, 2016
#Education: 168,843
pupils sat for placement test
The Lagos State Universal Basic
Education Board says that no fewer than 168,843 primary six pupils sat for
Lagos state placement test into public junior secondary schools on Saturday.
The Lagos SUBEB Chairman, Dr Ganiyu Sopeyin, on Sunday said the number included
pupils from state-owned public schools, their private school counterparts and
others who did not register for the exam.
Published by the Punch Newspaper on Monday, 25th July, 2016
#Economy: Experts
advise against rate hike as MPC meets today
Financial analysts have called on
the Monetary Policy Committee of the Central Bank of Nigeria not to increase
the Monetary Policy Rate, which currently stands at 12 per cent ahead of the
committee’s meeting scheduled for today (Monday) and Tuesday.
Published by the Punch Newspaper on Monday, 25th July, 2016
#IndustryPulse: Afam
Power firm stalled three years after sale
Three years after a prospective
core investor, Talevares, paid $64m for Afam Power Plc, the sale of the power
plant remains elusive, investigation has shown. The Head of Public Enterprises,
Mr Alex Okoh, confirmed this in a telephone interview with our correspondent in
Abuja on Sunday.
Published by the Punch Newspaper on Monday, 25th July, 2016
#IndustryPulse:
CeBIH chairman plans e-payment growth
The newly-elected Chairman,
Committee of E-banking Industry Heads, Mr Dele Adeyinka, says he will focus on
growing the adoption of electronic payment technologies in the country. He
stated this in Lagos after the election of new executive committee members to
run the affairs of the association, CeBIH said in a statement on Sunday.
Published by the Punch Newspaper on Monday, 25th July, 2016
#StakeholdersAction:
Stakeholders seek pension fund investment in housing
With the rising housing deficit in
the country, stakeholders in the building and construction sector are calling
for more investment in housing development from the growing pension fund.
Published by the Punch Newspaper on Monday, 25th July, 2016
#Empowerment: LAWMA
teaches pupils waste to wealth
To ensure a clean and healthy
environment in schools and the society, the Lagos Waste Management Authority
has advised pupils to seek ways of turning waste to wealth by re-using and
recycling. Ata programme organised for pupil recently, with the theme,
‘Recycling: A secured future for our Children’, the Executive Chairman, LAWMA,
Mr Olumuyiwa Adejokun, said schools should provide bins to sort their wastes
into different categories.
Published by the Punch Newspaper on Monday, 25th July, 2016
#Infrastructure: Eko
Atlantic City gets eight-lane road
Eko Atlantic City, a unique
development on the coast of Lagos, has reached advanced stages with the
delivery of an eight-lane arterial road that is over 1,500 metres long,
according to the developers, South Energyx Nigeria Limited.
Published by the Punch Newspaper on Monday, 25th July, 2016
#Infrastructure:
Work begins on Magodo-Shangisha drainage3
The Lagos State Public Works
Corporation has commenced the construction of a major collector drain at
Magodo-Shangisha to avert flooding in the area. The Chief Executive Officer,
LSPWC, Mr Ayotunde Sodeinde, said work was currently ongoing on the long
stretch of the Magodo-Shangisha canal embedded in a gorge in order to ease the
flow of rainwater and domestic discharge from residential buildings within the
neighbourhood.
Published by the Punch Newspaper on Monday, 25th July, 2016
#IndustryPulse:
NITDA inaugurates e-Nigeria organising committee
The National Information Technology
Development Agency has inaugurated the Local Committee for the ninth eNigeria
Conference and Expo, the flagship Information and Communications Technology
event hosted by the regulatory and implementing agency.
Published by the Punch Newspaper on Monday, 25th July, 2016
#Technology #IndustryPulse:
Nigeria’s Internet traffic’ll grow six-fold by 2020
A release of the Cisco Visual
Networking Index Complete Forecast for 2015 to 2020 has shown that Nigeria’s
Internet Protocol traffic will grow six-fold and fixed broadband speed will
increase 2.4 fold with an average mobile speed connection of 5Mbps.
Published by the Punch Newspaper on Monday, 25th July, 2016
#Economy: Adeosun
advocates economic patriotism from Diaspora Nigerians
The Federal Government has called
on Nigerians in the Diaspora to see the current economic realities in the
county as good opportunities to participate actively in the ongoing efforts to
reposition the nation’s economy.
Published by the Daily Sun Newspaper on Tuesday, 26th July, 2016
#Agric #IndustryPulse:
We’ve N25bn egg production deal with BoI – Firm
Project managers for the Federal
Government’s N25 billion National Egg Production Scheme (NEGPRO), Tuns Farms
Limited, yesterday said the firm did not sign any contract with the Federal
Ministry of Agriculture and Rural Development or the minister, Chief Audu
Ogbeh. A civil rights group, Centre for Social Justice, recently sued Ogbeh at
the Federal High Court, Abuja, asking him to “release details and copy of the
N25 billion contracts he signed with Tuns Farm Nigeria Limited.”
Published by the Daily Sun Newspaper on Tuesday, 26th July, 2016
#Innovation: FG’ll
provide support for innovation hubs – Shittu
The Minister of Communications,
Barrister AbdulRaheem Adebayo Shittu, has disclosed the readiness of the
Federal Government to do everything possible for the provision of effective
support for innovation hubs across the country.
Published by the Daily Sun Newspaper on Tuesday, 26th July, 2016
#Economy: FG assumes
$42.5, 2.2mbpd as benchmarks for 2017 budget
The Federal Government yesterday
unveiled its key benchmarks for the 2017 budget pegging oil price at $42.5 per
barrel and daily production output at 2.2 million barrels per day.
Published by the Daily Sun Newspaper on Tuesday, 26th July, 2016
#Infrastructure: FG
to link state capitals with railways
President Muhammadu Buhari has
assured that most state capitals as well as major commercial and production
centres will be linked with rail lines. This, according to him, is to ensure
rapid socio-economic development, improve the quality of life of Nigerians and
promote social and regional integration.
Published by the Daily Trust Newspaper on Wednesday, 27th July, 2016
#Health: Assembly
expedites private hospital regulation bill
The Akwa Ibom State House of
Assembly has given expeditious hearing to the bill seeking the establishment
and control of private hospitals and health facilities. The bill has passed the
second level reading to committee level.
Published by the Daily Trust Newspaper on Wednesday, 27th July, 2016
#Infrastructure: 990
hand pumps for rural areas
The Jigawa State Commissioner for
Water Resources, Ibrahim Hannungiwa, said yesterday that the state government,
in collaboration with development partners, has commenced the construction of
990 hand pumps in the state.
Published by the Daily Trust Newspaper on Wednesday, 27th July, 2016
#Economy: CBN raises
interest rate to 14%
Rising from its 251st Monetary
Policy Committee (MPC), the Central Bank of Nigeria (CBN) announced an increase
in the benchmark interest rate by 200 basis points, from 12 to 14 per cent.
Published by the Daily Trust Newspaper on Wednesday, 27th July, 2016
#Award: Pepsodent
wins 2016 World Oral Health Day Competition
Pepsodent Nigeria has emerged
winner in the World Oral Health Day 2016 Challenge both at the continental
level, first ahead of 9 countries, and at the global level, first ahead of 31
countries. According to the organizers of the competition, the achievement was
measured by the delivery of over one million pledges from a fully integrated
campaign across multiple touch points with best-in-class in-market or store and
digital activation executed by Terragon Group.
Published by the Daily Trust Newspaper on Wednesday, 27th July, 2016
#Health: Hepatitis
kills 10 times more than Malaria, HIV, experts warn
Medical researchers have unveiled
reasons why Hepatitis kills more people than Malaria, Tuberculosis (TB) and
Human Immuno-Deficiency Virus (HIV)/Acquired Immune Deficiency Syndrome (AIDS).
The disclosure came as World Hepatitis Day (WHD) is observed globally, today.
The theme for this year’s campaign is: “Know Hepatitis – Act Now”.
#Trade: British
envoy pledges stronger trade ties with Nigeria
United Kingdom Trade and Investment
Envoy to Nigeria, John Howell has pledged to strengthen trade ties with
Nigeria, stating that the British government is ready to invest in the Nigerian
economy.
#Power: ECOWAS
electricity regulators commence plans for integration
Amidst complaints by Nigerians over
the activities of the Nigerian Electricity Regulatory Commission (NERC), plans
to integrate electricity regulatory activities in the Economic Community for
West African States’ region (ECOWAS) have commenced.
#Economy: NBCC urges
Nigeria to focus on creativity as a way out of recession
To find a sustainable solution to
Nigeria’s economic downturn, the Nigerian-British Chamber of Commerce (NBCC)
yesterday said Nigerians must focus on creativity to avert future challenges.
#MSMEs: AICC to
boost SMEs’ growth in Nigeria, others
Nigeria is on high priority, as stakeholders
move to boost small and medium enterprises under the platform of the
Africa-Israel Chamber of Commerce (AICC). Africa-Israel Chamber of Commerce
(AICC) was inaugurated in Abuja to boost economic relationship between the
continent and Israel.
Published by the Guardian Newspaper on Thursday, 28th July, 2016
#Investment: Delta
to establish investment agency
Determined to fully harness the
investment potential in the state, Delta State Governor, Ifeanyi Okowa, on
Tuesday in Asaba announced the intention of his administration to set up the
Delta State Investment Development Agency.
Published by the Guardian Newspaper on Thursday, 28th July, 2016
#Health #StakeholdersAction:
Polio survivors want empowerment
As part of efforts towards a polio
free Nigeria, polio survivors are seeking a comprehensive plan for
rehabilitation and empowerment of millions of victims of the wild poliovirus.
The survivors say they have been largely neglected in the scheme of things and
allowed to cater for themselves, while calling on the Federal Government to
work out an empowerment scheme for them.
Published by the Guardian Newspaper on Thursday, 28th July, 2016
#Health:
Radiographers’ board moves to make MRI available to more Nigerians
The Radiographers Registration
Board of Nigeria (RRBN) has commenced efforts to ensure that the Magnetic
Resonance Imaging (RMI) services are made available to more Nigerians. To this
end, the Board reached out to operators in the private sector of the medical
practice and well-meaning members of the public to work with government to
ensure that the facility is available on a broader basis.
Published by the Guardian Newspaper on Thursday, 28th July, 2016
#Innovation #Agric:
Female scientists brainstorm on how to build sector
Female Agricultural scientists and
farmers in Nigeria under the aegis of Nigerian Women in Agricultural Research
and Development (NiWARD) are seeking better ways to improve the fortunes of the
sector. The experts at NiWARD 4th Annual General Meeting (AGM) and National
Conference/Exhibition with the theme, “Challenging the New Frontiers in
National Agricultural Transformation: Regional Enlightenment” said that
agriculture is the new crude oil for Nigeria because of the falling prices of the
commodity.
Published by the Guardian Newspaper on Thursday, 28th July, 2016
#Education #IndustryPulse:
Lagos gives private schools ultimatum to register
To ensure the delivery of high
quality education to pupils in the state, the Lagos State Government has
directed proprietors of private schools irrespective of their accreditation
status to register their institution at the education district within their area
of operation on/before Wednesday, August 10, 2016.
Published by the Guardian Newspaper on Thursday, 28th July, 2016
#Unemployment:
‘Capacity building, skills acquisition key to curbing unemployment
As the nation grapples with
swelling unemployment figures among its youthful population, Vice Chancellor,
National Open University of Nigeria (NOUN), Professor Abdallah Uba Adamu, says
skills acquisition, through vocational training and capacity building among
others could help drive down the figures.
Published by the Guardian Newspaper on Thursday, 28th July, 2016
#Education: Teacher
training, empowerment crucial to effective learning
To achieve impactful teaching and
learning, teachers must be empowered, regularly trained in order for them to be
abreast of global best practices, and internalize universal core values of the
profession. This was the submission of the Founder/President of Edvigor
Incorporation (a non-governmental organization committed to teacher-training
and development), Mrs Nneamka Enechi, during a five-day teacher training
workshop organised for public school teachers in Ifako-Ijaiye Local Council
Area of Lagos State.
Published by the Guardian Newspaper on Thursday, 28th July, 2016
#MSMEs: Govt mulls
single digit interest rate regime for SMEs
Relief may soon come the way of
Small and Medium Enterprises (SMEs)in the country, as the Federal Government
has concluded plans to address the funding challenges experienced in the sector
by unveiling a single digit interest rate regime for on-lending to such
businesses.
Published by the Guardian Newspaper on Friday, 29th July, 2016
#Economy: Revised
MPR- Experts advise against loan restructuring
Worried about the negative impact
of the revised Monetary Policy Rate (MPR) on the financial performance of most
businesses, experts at PricewaterhouseCoopers (PwC) have advised against
restructuring of loan facilities without understanding the conditions.
Published by the Guardian Newspaper on Friday, 29th July, 2016
#Economy: Udoma
parleys Chinese EXIM Bank for infrastructure loan
The Minister of Budget and National
Planning, Senator Udoma Udo Udoma, has parleyed management of the Chinese EXIM
Bank in Beijing, China, on development assistance to fund some critical
infrastructure in the country.
Published by the Guardian Newspaper on Friday, 29th July, 2016
#Entrepreneurship:
Entrepreneurs should explore various financing models for sustainability
The Acting Managing Director, Bank
of Industry, Waheed Olagunju, has urged young entrepreneurs to leverage
available financing I n the global system to grow their businesses. Olagunju
made the call on Wednesday in Lagos during a panel discussion by Enactus
Nigeria Innovation Summit, themed “The impact of entrepreneurship on the
development and sustenance of an emerging economy”.
Published by the Guardian Newspaper on Friday, 29th July, 2016
#IndustryPulse: Ford
to launch DSFL in Nigeria to improve driving skill
Ford is contributing to promoting
safe driving in Nigeria as it concludes plans to launch Driving Skills for Life
(DSFL) initiative. According to the company, the initiative, which will be
introduced next month, is a part decision to roll out programme to more
countries in Sub-Saharan Africa.
Published by the Guardian Newspaper on Friday, 29th July, 2016
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