#Economy: Nigeria to get $1bn AfDB facility top fund budget
Nigeria’s Federal Government is
presently in talks with the African Development Bank for a $1 billion loan that
would enable the country finance its record N6.06trillion 2016 budget.
Published by the BusinessDay Newspaper on Monday, 1st August, 2016
#Investment: BDC rate race halts on expected liquidity
As authorized FX dealers prepare to
commence sale of US dollars from international money transfers to BDCs, the
run-rate which Bureau De Change (BDC) operators hitherto enjoyed on the
greenback has been halted.
Published by the BusinessDay Newspaper on Monday, 1st August, 2016
#Investment: Insurance shifts to retail as technology-shy brokers face
tough times
The future of the Nigerian
Insurance market is in the retail space and only operators who invest in this
segment and embrace technology would survive the future, analysts say.
Published by the BusinessDay Newspaper on Monday, 1st August, 2016
#Economy: Housing vacancies rise 72% in Q2 on GDP contraction, growing
unemployment
The Vacancy factor Index (VFIX) in
the Nigerian real estate, market increased by 72 percent in the second quarter
(Q2) of 2016 as a result of the 0.36 percent contraction in the country’s GDP
in the first quarter (Q1) of 2016 with a further 1.5 percent contractions in
Q2.
Published by the BusinessDay Newspaper on Monday, 1st August, 2016
#Oil: Profit at oil firms hit by fall in crude
Profits at two of the biggest oil
firms, Exxon Mobil and Chevron have dropped sharply, hit by the falling price
of crude. Exxon Mobil saw its profit fall 59% for the April to June period to
1.7bn (£1.3bn) from $4bn in the second quarter last year.
Published by the BusinessDay Newspaper on Monday, 1st August, 2016
#Infrastructure: Millions held down in city centres as absence of
infrastructure limits rural drift
Many Nigerians, especially those in
the mid-income bracket, are still held down in congested city centres across
the country against their desire to move sparsely populated satellite towns due
to absence of infrastructure in those towns, BusinessDay investigations show.
Published by the BusinessDay Newspaper on Monday, 1st August, 2016
#Environment: Shell reduces gas flare by 85% in 2015
Flaring volume of gas from Shell
Petroleum Development Company (SDPC) joint venture facilities in Nigeria was
reduced by 85 percent between 2002 and 2015.
Published by the BusinessDay Newspaper on Monday, 1st August, 2016
#Economy: Naira pressure to continue as investors stay on the watch
Pressure on the foreign exchange
(FX) is expected to continue this week as dollar shortage intensifies, pushing
investors to be on the watch for economic recovery, currency dealers and
analysts have said. The naira last week depreciated against the US greenback at
all the FX market segments, as dollar liquidity remained tight at the interbank
market
Published by the BusinessDay Newspaper on Monday, 1st August, 2016
#IndustryPulse #Technology: Uber in $500m global mapping drive to find
route away from Google Maps
Uber is preparing to pour $500m
into an ambitious global mapping project as it seeks to wean itself off
dependence on Google Maps and pave way for driverless cars. The San
Francisco-based transportation company has vehicles criss-crossing the US and Mexico
to record the surroundings and gather images for maps. Uber said it would
dispatch vehicles to map other countries soon.
Published by the BusinessDay Newspaper on Monday, 1st August, 2016
#IndustryPulse:
Dangote’s Petrochemical projects will transform Nigeria-British High
Commissioner
British High Commissioner in
Nigeria, Paul Arkwright at the weekend in Lagos said that Dangote Industries
Limited’s multibillion-dollar project have rekindled his country’s optimism
that the Nigerian economy offers enormous opportunities to foreign investors.
Published by the BusinessDay Newspaper on Monday, 1st August, 2016
#Energy: IPMAN urges
gas operators to collaborate on local
The Independent Petroleum Marketers
Association of Nigeria (IPMAN) has urged gas producing companies and other key
players in the gas industry to promote local production of gas cylinders. Aminu
Abdulkadir, the IPMAN Board of Trustees Chairman, made the appeal in an
interview with the News Agency of Nigeria (NAN) in Lagos against the backdrop of
substandard cylinders in circulation.
Published by the BusinessDay Newspaper on Monday, 1st August, 2016
#Business: Nigerian
businesses to gain as Oracle acquires NetSuite in $9.3bn
Oracle (NYSE: ORCL) says it has
entered into a definitive agreement to acquire NetSuite (NYSE: N), which is the
very first cloud company. The deal is valued at $109.00 per share in cash, or
approximately $9.3 billion. Analysts say this will support Nigerian businesses
by raising competition in cloud-based services. This competition, analysts say,
could have a positive impact on affordability and service delivery in cloud
computing.
Published by the BusinessDay Newspaper on Monday, 1st August, 2016
#Environment:
Balyesa to turn waste to wealth
Balyesa State is to build a waste
recycling plant to enable it further its effort towards the waste-to-wealth
programme. According to the Chairman of the state Environmental Sanitation
Authority (ESA), Robert Enogha, the move will discourage indiscriminate dumping
of refuse as well as give the environment a clean bill of health.
Published by the BusinessDay Newspaper on Monday, 1st August, 2016
#Investment:
Nigerian stocks gain N120bn on renewed optimism
Stock investors at the Nigerian
Stock Exchange (NSE) gained approximately N120billion last week as market
sentiments remained relatively positive. The half-year (HI) earnings season has
entered full gear as most companies results berthed at the Nigerian bourse in
the past week.
Published by the BusinessDay Newspaper on Monday, 1st August, 2016
#Opportunity: FG
extends online job application by one month
The Federal Government on Monday
extended the timeline for the N-Power jobs and training applications till the
end of August. The Senior Special Assistant to the Vice-President on Media and
Publicity, Mr Laolu Akande, disclosed this in a statement made available to
journalists.
Published by the Punch Newspaper on Tuesday, 2nd August 2016
#Health: Nigeria
records over 150,000 fistula cases
The Country Project Manager, FistulaCare
Plus, Engender Health, Dr Habib Sadauki, has said that there are between
150,000 to 200,000 cases of fistula in Nigeria. He said that of the 12,000 new
cases recorded yearly, only 5,000 cases are repaired, leaving a backlog of
7,000 cases yearly.
Published by the Punch Newspaper on Tuesday, 2nd August 2016
#Philanthropy: Food
bank feeds single mothers, destitute
The Director, Lagos Food Bank, a
non-governmental organization, Mr Michael Sunbola, has called for support for
the single mothers and indigent in the society in order to reduce the incidence
of crime in Lagos State.
Published by the Punch Newspaper on Tuesday, 2nd August 2016
#Empowerment: Akande
seeks employment opportunities for graduates with disabilities
The Commissioner, Lagos State Ministry
of Women Affairs and Poverty Alleviation, Mrs Lola Akande, has called on
stakeholders in the public and private sector to seek out and employ graduates
with disabilities.
Published by the Punch Newspaper on Tuesday, 2nd August 2016
#Economy: Naira
drops to 382 as dollar scarcity bites harder
The naira dropped to 382 against
the United States dollar at the parallel market on Monday, down from the 380 it
closed on Friday. The local currency had hovered between 375 and 380 against
the greenback last week.
Published by the Punch Newspaper on Tuesday, 2nd August 2016
#Infrastructure:
Long Bridge repairs for completion this month
The contractor rehabilitating the
Long Bridge at the Lagos end of the Lagos-Ibadan Expressway, Julius Berger
Nigeria Plc, has promised to complete the task before the end of this month,
the Federal Government has said.
Published by the Punch Newspaper on Tuesday, 2nd August 2016
#Oil: Oil falls to
$42 as Barkindo resumes at OPEC
Global oil benchmark, Brent crude,
fell by over three percent on Monday to around $42 per barrel amid worries
about glowing gut in the market. A Reuters survey on Friday found that output
from the Organisation of Petroleum Exporting Countries likely rose in July to
its highest in recent history as Iraq pumped more and Nigeria squeezed out
additional crude export despite militant’s attacks on oil installation.
Published by the Punch Newspaper on Tuesday, 2nd August 2016
#Oil: Crude export
earnings fell by N153.5bn in May
The country’s earnings from crude
oil export have continued to fall, as latest data from the Central Bank of
Nigeria showed that the volume of crude export dropped by 10.23 million barrels
in the month of May. At the official exchange rate of N315.5 to a dollar and an
average of $47.59 per barrel of crude during the review period, Nigeria’s
earnings from the export of the commodity dropped by N153.5bn in May.
Published by the Punch Newspaper on Tuesday, 2nd August 2016
#IndustryPulse: FG
to sell research findings
The Federal Government has
disclosed plans to commercialise major research findings in industry,
agriculture and other sectors of the economy. The Minister of Science and
Technology, Dr Ogbannaya Onu, disclosed this on Monday, during a facility tour
of Erisco Foods Limited in Lagos.
Published by the Punch Newspaper on Tuesday, 2nd August 2016
#IndustryPulse:
FCMB, EFInA sign financial inclusion agreement
Enhancing Financial Innovation and Access, a financial sector
development organisation, has announced the release of $2m grant to support the
First City Monument Bank Limited’s financial inclusion programme. The FCMB
Group Lending and Agency banking programme is aimed at providing financial
services and access to credit facilities for the financially excluded population.
Published by the Punch Newspaper on Tuesday, 2nd August 2016
#Energy: Renewable
energy solutions, key to development – Nweke
The Managing Director of Cloud Energy Photoelectric Limited, Theo
Nweke, has urged energy solutions providers to move away from traditional
solutions and adopt innovative service delivery.
Published by the Punch Newspaper on Tuesday, 2nd August 2016
#Education: FG
committed to science policy
Minister of Science and Technology,
Dr Ogbonnaya Onu, said the Federal Government was committed to the
implementation of the Science, Technology and Innovation policy. He gave the
assurance during the graduation of 170 female mechanics trained by the Lady
Mechanic Initiative in Lagos.
Published by the Punch Newspaper on Tuesday, 2nd August 2016
#Economy:
Public-Private partnership solution to West Africa’s economic challenges
West African governments will only survive economic challenges through
public-private partnerships, according to President Muhammadu Buhari. Minister
of Industry, Trade and Investment, Mr Okechukwu Enelemah, articulated the
position of the president at a facility tour of Dangote Refinery by Togo’s
President Faure Gnassingbe. Buhari assured Nigerians that Dangote Refinery
would create jobs across Africa and resolve Nigeria’s fuel supply issues.
Published by the Guardian
Newspaper on Wednesday, 3rd June, 2016
#Environment: Lack
of funds may hinder Ogoni cleanup
As the Federal government inaugurates both governing council and the
board of trustees for the cleanup of Ogoniland tomorrow, there is apprehension
that a paucity of funds may hinder the execution of the project.
Published by the Guardian
Newspaper on Wednesday, 3rd June, 2016
#Economy: Economic
activities decline amid recession fears
Respite for the troubled economy seems nowhere in sight, as the monthly
survey of the Statistics Department of the Central Bank of Nigeria (CBN) shows
sustained decline in activities . the latest survey, Purchasing Managers Index
(PMI), again recorded declining levels of production, new orders, employment
and raw material inventories, in the build-up to the release of the Second
quarter Gross Domestic Product.
Published by the Guardian
Newspaper on Wednesday, 3rd June, 2016
#IndustryPulse:
Multiple taxation stifles telecommunications firms, says NCC
The Vice-chairman of the Nigerian Communications Commission (NCC) Prof.
Umar G. Danbatta yesterday disclosed that multiple taxation by various arms and
agencies of government is a barrier to the provision of efficient services by
telecommunications companies.
Published by the Guardian
Newspaper on Wednesday, 3rd June, 2016
#Health: Rotary Club
of Gbagada, Lagos intensifies campaign against polio
In continuation of the campaign to kick out polio from Nigeria, the
Rotary Club of Gbagada, as one of its project for the service year, has
initiated a campaign through a branded bus that will ply Ikorodu to CMS to
create more awareness on polio.
Published by the Guardian
Newspaper on Wednesday, 3rd June, 2016
#Economy: Govt
policies hinder economic diversification
Worried by the downturn of events in the real sector, the Manufacturers
Association of Nigeria (MAN) has stated that the Nigerian Industrial revolution
Plan (NIRP) remains a policy on paper without implementation. MAN President, Dr
Frank Jacobs while speaking at an interactive session with the Minister of
Industry, Trade and Investment, Dr Okechukwu Enelemah, explained that the
policy believed to be a catalyst to drive the diversification agenda of the
present administration has yet to see the light of the day.
Published by the Guardian
Newspaper on Wednesday, 3rd June, 2016
#IndustryPulse: Govt
takes over Ajaokuta Steel
The Federal Government on Monday took a major step in its plan to
revitalize the steel sector as it signed a renegotiated concession agreement
with Global Steel Holdings Limited (GSHL) for the Nigerian Iron Ore Mining
Company (NIOMCO), Itakpe.
Published by the Guardian
Newspaper on Wednesday, 3rd June, 2016
#Economy:
Diasporans, young entrepreneurs’ investments can stimulate the economy
With the Federal Government contemplating international borrowings to
complement the shortfall of crude oil earnings, the Acting Managing Director of
Bank of Industry (BoI), Waheed Olagunju, has advocated investment from Nigerians
in diaspora and young entrepreneurs to get the nation out of recession.
Published by the Guardian
Newspaper on Wednesday, 3rd June, 2016
#MSMEs #Empowerment:
Stanbic IBTC expands capacity building for SMEs
Following the enthusiastic participation by operators since the
initiative was launched two years ago, Stanbic IBTC Bank has expanded the scope
of its capacity building workshop for Small and Medium scale Enterprises
(SMEs), as it scored the two-year old initiative successful.
Published by the Guardian
Newspaper on Wednesday, 3rd June, 2016
#Investment: LADOL’s
$600m facility to buoy Nigerian, British trade
The United Kingdom (UK) has indicated interest in increasing the trade
relationship with Nigeria through the $600 million Lagos Deep Offshore Logistics
(LADOL) base in Apapa, Lagos.
Published by the Guardian
Newspaper on Wednesday, 3rd June, 2016
#Technology:
Foundation tasks manufacturers on technology adoption
Programos Foundation, a Nigeria based non-governmental organization,
which specializes in the grooming of entrepreneurs has made a case for
manufacturers in the country to adopt Information Technology tools in driving
their jobs, saying it’s only IT that can be used to address most of the
challenges bewildering the manufacturing industry.
Published by the Guardian
Newspaper on Wednesday, 3rd June, 2016
#Technology #Economy:
Renewable energy solutions key to national development
The Managing Director of Cloud Energy Photoelectric Limited, Theo
Nweke, has urged technology and energy solutions providers to move away from
from traditional solutions and adopt innovative service delivery.
Published by the Guardian
Newspaper on Wednesday, 3rd June, 2016
#Empowerment:
Etisalat empowers 100 entrepreneurs with skills, equipment
Telecommunications operator, Etisalat, in partnership with O.A. Belle
Resources, has empowered 100 individuals with basic life skills and basic
equipment to help them maximize their potentials through the establishment of
start-up businesses. The beneficiaries were pulled from six communities in four
states in the Southeast and South-South region.
Published by the Guardian
Newspaper on Wednesday, 3rd June, 2016
#Energy: Firm
targets N500m investments in solar-powered technology
To boost the exploit of solar technology in Nigeria, an indigenous
renewable energy firm, Arthur Energy Technology Limited, is about to invest
N500 million in the process. For effect, the targeted sum will be channeled
towards the development of Nigeria’s first solar powered vehicle assembly plant,
which is to be built in Akwa Ibom state.
Published by the Guardian
Newspaper on Wednesday, 3rd June, 2016
#Infrastructure:
Pivot Engineering, partners complete power sub-station in Lagos
Pivot Engineering Company Limited (PECL), a member of Honeywell Group,
and its partners, including Siemens Transmission &Distribution SAS France
and Siemens Nigeria Limited, have completed the power transmission projects for
the upgrade of substations in Ajah, Lekki and Alagbon (Ikoyi) areas of Lagos.
Published by the Guardian
Newspaper on Wednesday, 3rd June, 2016
#CSR: Total boosts
CSR with preventive campaign
As part of its Corporate Social Responsibility (CSR) programmes, Total
Group in Nigeria has launched the HIV/AID, Tuberculosis and Malaria preventive
education campaign for Asaba residents. Spanning for a period of two weeks,
Total through this health initiative educated the communities, employees,
families and organizations about HIV/AIDS infections and its opportunistic
diseases.
Published by the Guardian
Newspaper on Wednesday, 3rd June, 2016
#Awards: Seven
Energy wins responsibility awards
Seven Energy International Limited, an integrated gas company in South
east Nigeria has won “Sustainability and Responsibility Award” at the 2016
African Assembly of the Oil and Gas Council held in London on the 20 and 21
June.
Published by the Guardian
Newspaper on Wednesday, 3rd June, 2016
#Partnership #Health:
Govt, SNEPCo explore health partnership opportunities
The Federal Ministry of Health and the Shell Nigeria Exploration and
Production Company, SNEPCo, are exploring partnership opportunities in
healthcare delivery. At a just concluded Health Concepts Validation Exercise
organized by SNEPCo in Lagos, the Minister of Health, Prof. Isaac Adewole
identified potential areas of collaboration in the delivery of primary and
secondary healthcare.
Published by the Guardian
Newspaper on Wednesday, 3rd June, 2016
#Education: 1.3m
teachers needed for basic education – Minister
The Minister for Education, Mallam Adamu Adamu, has said that in order
to bridge the wide gap between the number of teachers required and the current
number available for basic education; about 1.3 million teachers are needed in
the next six years.
Published
by the Daily Trust Newspaper on Thursday, 4th August, 2016
#Environment: Niger
tells residents to take proactive steps against flood
The Niger State Government yesterday urged residents living along river
banks across the state to take precautionary measures against flood as the rain
intensifies.
Published
by the Daily Trust Newspaper on Thursday, 4th August, 2016
#Power #StakeholdersAction:
Tambuwal to FG- Let states, LGAs generate electricity
Nigeria’s desire to have sustainable and affordable electricity cannot
be achieved without diversification of her energy sources, Governor Aminu
Waziri Tambuwal has said.
Published
by the Daily Trust Newspaper on Thursday, 4th August, 2016
#Business: FG’s ban
on souvenirs will ground businesses – Printers
Printers, yesterday, warned that the recent directive issued by the
federal government that Ministries, Departments and Agencies (MDAs) should stop
producing and distribution of souvenirs at seminars and conferences would
likely kill many printing businesses across the country.
Published
by the Daily Trust Newspaper on Thursday, 4th August, 2016
#Oil: Indorama plans
$2.2bn investment in Eleme Petrochemicals
Eleme Indorama Petrochemicals Company Limited plans an expansion of
$2.2 billion to become the largest Petrochemicals hub in Africa by 2020. The
Managing Director, Mr Manish Mundra said while making a presentation at the
investigative hearing by the House of Representative Committee on
Privatisation, on the privatisation process and performance of the company in
Abuja.
Published
by the Daily Trust Newspaper on Thursday, 4th August, 2016
#Oil: Nigeria’s oil export to fall as Asian refineries
undergo maintenance
Exports
of Nigerian and other West African crude to Asia could fall in August as a
result of a strong competition, disruptions in Nigeria while some refineries
prepare for maintenance later in the third quarter.
Published
by the Daily Trust Newspaper on Thursday, 4th August, 2016
#Industry: Manufacturing sets to rebound over improved forex
liquidity
There
are signs that the economic downturn in the manufacturing sector is reversing,
following the recent foreign exchange (forex) liberalization policy adopted by
the federal government.
Published
by the Daily Trust Newspaper on Thursday, 4th August, 2016
#IndustryPulse: NEPC, bank roll out Zero2Export project
The
Nigerian Export Promotion Council (NEPC) and Fidelity Bank Plc have rolled out
an export driven initiative termed the “Zero2Export project” to accelerate
export in Nigeria.
Published
by the Daily Trust Newspaper on Thursday, 4th August, 2016
#IndustryPulse: MAN set up power plants near factories
The
Manufacturers Association of Nigeria (MAN), yesterday, said that poor power
supply in Nigeria is affecting manufacturing and can trigger process of
deindustrialisation if drastic measures are not taken to arrest situation.
Published
by the Daily Trust Newspaper on Thursday, 4th August, 2016
#Empowerment: 20,000 businesses registered in Kwara for
economic growth
Over
20,000 businesses have been enlisted on the platform of the Kwara Live Project
to stimulate economic growth in Kwara State. The project was the brainchild of
the Visual Global Impression (VGI), an Ilorin-based business directory
platform.
Published
by the Daily Trust Newspaper on Thursday, 4th August, 2016
#Empowerment: Group proposes grooming 1,000 women by 2018
The
Nigerian Women Trust Fund (NWTF) has embarked on a goal of grooming at least
1,000 extra ordinary young women leaders by 2018. The Chief Executive Officer
(CEO) of the fund, Olufunke Baruwa, who disclosed this at a media briefing in Abuja,
recently, said a number of projects are being implemented including the
National Endowment for Democracy (NED) to support young women leaders’ project
in Niger, Nasarawa, Abia and Kogi states.
Published
by the Daily Trust Newspaper on Thursday, 4th August, 2016
#Empowerment: Sharing Passion Nigeria Initiative trains women
in skills
Founder
of the Sharing Passion Nigeria Initiative, Barrister Toyin Aladegbami has asked
women to continue to horn their talent through skills acquisition. She stated
this during the graduation ceremony of trainees at the Sharing Initiative
skills acquisition programme recently.
Published
by the Daily Trust Newspaper on Thursday, 4th August, 2016
#Agric: FCTA flags off livestock vaccination
The
Minister of the Federal Capital Territory (FCT), Muhammad Musa Bello, has
flagged off livestock vaccination exercise to control and prevent the outbreak
of diseases that affect livestock production.
Published
by the Daily Trust Newspaper on Thursday, 4th August, 2016
#Agric: hard hatch for National Egg Production scheme
The
National Egg Production scheme is currently generating controversy with a civil
rights group, the Centre for Social Justice suing the minister of Agriculture,
Chief Audu Ogbeh, at the Federal High Court, Abuja. The group, according to
news reports, wanted the minister to release details and copies of the N25
billion-egg production contract he had allegedly signed with Tuns Farms
Limited.
Published
by the Daily Trust Newspaper on Thursday, 4th August, 2016
#Agric: Farmers count loses as tomato price crashes
After
months of acute scarcity and high prices of tomato reportedly caused by the
disease, Tuta Absoluta (tomato ebola), which ravaged many farms in Nigeria
especially in the North, reports from various locations across the country
indicate that the prices have now crashed.
Published
by the Daily Trust Newspaper on Thursday, 4th August, 2016
#Economy: S/Arabia’s oil price cut threatens Nigeria’s N820b
revenue target
The expected
oil-related N820 billion revenue to finance the 2016 budget is being threatened
by the recent reduction of prices for Arab light by the world’s highest
producer of crude oil, Saudi Arabia.
Published
by the Guardian Newspaper on Friday, 5th August, 2016
#Environment: Buhari raises governing council, trustees’
board for Ogoni cleanup
Another
practical step towards the cleanup of Ogoniland was taken yesterday by the
federal government when it inaugurated the governing council and Board of Trustees
(BoT) for the hydrocarbon-pollution remediation project.
Published
by the Guardian Newspaper on Friday, 5th August, 2016
#Economy: Naira plunges to N400 per dollar at parallel market
The naira,
yesterday, reached a new low of N400 per dollar at the parallel market, as arguments
over supply shortage and the “41 excluded items” heightened.
Published
by the Guardian Newspaper on Friday, 5th August, 2016
#IndustryPulse: ICT generates $32bn in 15 years
The Minister
of Communication, Adebayo Shittu, said the information and technology sector
generated $32bn in the last 15 years. Speaking at the Insight 2016 Cyber
Security Conference in Lagos, yesterday, he noted that the sector also created
10 million jobs in the last years.
Published
by the Guardian Newspaper on Friday, 5th August, 2016
#Economy: Paucity of funds threaten govt’s plan to diversify
into agric
Paucity
of funds is affecting the Federal Government’s plan to diversify into
agriculture. This is creating fears that there could be food shortages next
year, even as farm inputs, were not supplied to the farmers before the rains commenced
in May. The farmers therefore had to source them at the open market.
Published
by the Guardian Newspaper on Friday, 5th August, 2016
#industryPulse: Banks to accept cheques into savings accounts
Deposit
money banks have allayed fears on the immediate implementation of the
acceptance of cheques into savings accounts, as directed by the Central Bank of
Nigeria (CBN), saying that it will help monitor cash flows in the nation’s financial
system.
Published
by the Guardian Newspaper on Friday, 5th August, 2016
#IndustryPulse: Manufactures, franchisers argue over gas
billing disparity
Worried
by the irregularity in the charges of its franchisers for gas consumption in
the industrial clusters, the Manufacturers Association of Nigeria (MAN) has expressed
concerns over the use of new flexible foreign exchange rate for services
rendered before the period.
Published
by the Guardian Newspaper on Friday, 5th August, 2016
#Energy: EITI lauds govt on oil, gas standards
The Extractive
Industries and Transparency initiative (EITI), a global body, which promotes
public awareness about how countries manage oil, gas and mineral resources,
have lauded Nigeria as one of the first countries to implement its standards.
Published
by the Guardian Newspaper on Friday, 5th August, 2016
#Power: Nigeria’s power generation hits 3,213MW
Nigeria’s
peak electricity generation increased from the 2993 megawatts (MW) it recorded
on July 17 to 3,213MW on Wednesday. This comes as Ikeja Electric Plc,
introduced a debt discount initiative, which provides various percentage
discount options to enable customers pay off their outstanding bills and meet
their financial obligations to the company.
Published
by the Guardian Newspaper on Friday, 5th August, 2016
#Stakeholders’Action: ICAO seeks global partnerships
International
Civil Aviation Organization (ICAO) has expressed the need for greater
partnership and cooperation to safely and sustainably manage aviation’s growth,
which is particularly strong in the Asia and Pacific region.
Published
by the Guardian Newspaper on Friday, 5th August, 2016
#Empowerment: TechPreneurship
High Tech
Centre (HTC), a non-governmental organization will be training youths in
Nigeria on how to develop ICT skills that will transform them into technology
entrepreneurs at its 2016 ICT Summer Academy Camp (ISAC) holding at strategic
locations across the country.
Published
by the Guardian Newspaper on Friday, 5th August, 2016
#Innovation: Delta to establish innovation development fund –
Okowa
As part
of initiatives to sustain its innovation and science agenda, Delta State
Government has initiated moves towards establishing a “Delta state Innovation Development
Fund – IDF”.
Published
by the Guardian Newspaper on Friday, 5th August, 2016
#Innovation: I-naira launches Nigeria’s first online auction
platform
I-naira
Integrated Resources Ltd, owners of I-naira.com brand, has launched the first
online auctioning platform in Nigeria. I-naira.com is a wholly owned Nigerian
company with specialty in consumer sales promotion. It was established to
deliver value bargains to under-served consumers across the country.
Published
by the Guardian Newspaper on Friday, 5th August, 2016
No comments:
Post a Comment