#IndustryPulse: Power Sector to Face
Collapse as Banks Halt Loans
The inefficiencies in the privatised power sector has made
the Deposit Money Banks unwilling to provide loans to electricity generation
and distribution firms, an investigation by our correspondent has shown. It was
learnt that some banks were shunning loan requests of the power firms, as the
financial institutions appeared no more convinced about the viability of
investing in the power sector, judging by the happenings in the Nigerian
Electricity Supply Industry.
Published by the Punch
Newspaper on Monday, 22nd August, 2016
#StakeholdersAction:
TUC Condemns Planned Communication Tax
The Trade Union Congress has
condemned plans by the Federal Government to impose taxes on GSM calls and
other related communication services. The President and acting Secretary
General of the TUC, Bala Kaigama and Simeso Amachree, respectively condemned
the planned imposition of the Communication Service Tax by the Minister of
Communication, Adebayo Shittu, in a statement on Sunday.
Published by the Punch
Newspaper on Monday, 22nd August, 2016
#Oil: Eni Begins
Work on Nigeria’s Oil Project
Nigerian Agip Oil Company, a
subsidiary of Italian oil major, Eni, said it had embarked on the development
of the Zabazaba deepwater project offshore Nigeria despite the low oil price
environment.
Published by the Punch
Newspaper on Monday, 22nd August, 2016
#MSMEs: MSMEs
Crucial to Job Creation, Economic Growth
The Chief Executive Officer,
Akintola Williams Deloitte Nigeria, Mr Fatai Folarin, says Micro, Small and
Medium Scale Enterprises are crucial to job creation and economic growth. He
said the greatness of the United States could be attributed to the growth and
development of the MSMEs.
Published by the Punch
Newspaper on Monday, 22nd August, 2016
#CSR: FCMB Restates
Commitment to CSR Initiative
First City Monument Bank Limited has
donated 15 Braille machines to the Federal Nigeria Society for the Blind at its
Vocational Training Centre located at Oshodi, Lagos State.
Published by the Punch
Newspaper on Monday, 22nd August, 2016
#Partnership:
Standard Chartered, European Firm in Currency Swap Deal
Standard Chartered says it is
committed to supporting regional financial institutions in frontier markets
with structured products which mitigate currency risks.
Published by the Punch
Newspaper on Monday, 22nd August, 2016
#Infrastructure:
LASG Begins Preparations for Oworonshoki Second Access Road
The Lagos State Government has
commenced preparations for the construction of Oworonshoki community’s access
road. The state government had, a few months ago, said it would construct 114 standard
access roads across the state before the end of 2016.
Published by the Punch
Newspaper on Monday, 22nd August, 2016
#IndustryPulse:
UN-HABITAT Unveils New Urban Planning Agenda
United Nations - Habitat has
stressed the importance of adequate city planning to economic development,
wealth creation, investments and maintenance of law and order.
Published by the Punch
Newspaper on Monday, 22nd August, 2016
#Innovation: Firm
Unveils Housing Solution for Middle-Income Earners
Realty Point Limited says it is
offering affordable housing development, primarily aimed at providing access to
quality housing solutions for middle-income earners through its Cedar Homes
Brand.
Published by the Punch
Newspaper on Monday, 22nd August, 2016
#Innovation: AIICO
Introduces New Ways to Reach Customers
AIICO Insurance Plc has introduces
an integrated customer-focused contact centre called AIICONTACT that will give
the customers positive experience and better accessibility through different
communication platforms.
Published by the Punch
Newspaper on Monday, 22nd August, 2016
#IndustryPulse:
Ngige Urges ICT Firms to Support Agriculture, Mining
The Minister of Labour and
Employment, Dr Chris Ngige, has called on Information and Communication
Technology companies in Nigeria to support the economic diversification efforts
of the Federal Government, by deploying UCT solutions to the enhancement of the
agricultural and mining sector.
Published by the Punch
Newspaper on Monday, 22nd August, 2016
#Award: The Sun MD
Emerges Editor of the Year
Mr Eric Osagie, Managing Director
and Editor-in-Chief of the Sun Publishing Limited, has been honoured with the
Hall Of Grace (HoG) award. He was crowned Editor of the Year 2015 at a colorful
ceremony last Sunday at the Summit Centre, Ikeja, Lagos.
Published by the Daily Sun Newspaper on Tuesday, 23rd August, 2016
#Infrastructure: FG
Promises to Complete Ibadan-Ilorin Expressway in 2019
Chairman, Senate Committee on
Works, Senator Kabiru Gaya, has said the Federal Government would complete the
Ibadan-Ilorin Expressway by 2019, 14 years after the construction of the
highway started.
Published by the Daily Sun Newspaper on Tuesday, 23rd August, 2016
#Health: Lassa
fever- 32 Quarantined in Delta After Doctor’s Death
Following the death of a medical
doctor from Lassa fever, 32 persons have been quarantined in Asaba, Delta State
capital. The late doctor’s hospital in Umuaji area and another private hospital
where he was treated at Bonsaac area, all in Asaba, have been shut down and
fumigated.
Published by the Daily Sun Newspaper on Tuesday, 23rd August, 2016
#Empowerment: Cement
Company Trains Youth on Skill Acquisition
The Lafarge Africa has trained over
50 youths in its host communities to acquire various skills. The beneficiaries
fron the ten communities of where the Mfamosing plant is sited are; Akansoko,
Akwa Ikot Effanga, Abiati, Mbobui, Ekong Anaku, Diamond, Essien town and Kasuk,
in Akampka and Akpabuyo local government areas of Cross River State.
Published by the Daily Sun Newspaper on Tuesday, 23rd August, 2016
#IndustryPulse: CBN
Orders Banks to Allocate 60% Forex to manufacturers
The Central Bank of Nigeria (CBN)
has ordered banks to sell not less than 60 per cent of foreign exchange (forex)
to manufacturers for importation of their raw materials, plants and machinery.
Published by the Daily Sun Newspaper on Tuesday, 23rd August, 2016
#Empowerment: Bank
to Flag off Computer Education
In order to boost e-learning in
Nigeria, Sterling Bank Plc. has partnered Audax Solutions Limited, an education
technology solutions company, by flagging off a computer education initiative.
Published by the Daily Sun Newspaper on Tuesday, 23rd August, 2016
#Economy: Epileptic
Power, Major Bane of Setup Boxes, Crumbling Economy
Nigeria is identified as the
largest growing telecommunications market in the world by the International
Telecommunications Union (ITU), yet the country has poor electricity to compete
favourably among world powers.
Published by the Daily Sun Newspaper on Tuesday, 23rd August, 2016
#IndustryPulse: CBN
Bars 9 Banks form Forex Transactions
The Central bank of Nigeria has
barred nine deposit money banks from all foreign exchange transactions and
operations, pending the remittance of $2.12 billion dollars belonging to the
Nigeria National Petroleum corporations to the Treasury Single Account. Sources
confirmed that the nine banks comprise of three tier-one lenders and another
six tier-two deposit money banks.
Published by the Daily Trust Newspaper on Wednesday, 24th August, 2016
#Infrastructure: 90%
of N/delta Projects Abandoned – Committee
About 90 per cent of the projects
whose contracts were awarded under the Ministry of Niger Delta Affairs (MNDA)
have been abandoned, the Chairman of the ministry’s Technical Audit Committee,
Yerima Bulama, has said.
Published by the Daily Trust Newspaper on Wednesday, 24th August, 2016
#Education: Yobe
Upgrades Secondary Schools with N1.7bn
Governor Ibrahim Gaidam of Yobe
state has said that his administration was committing between N1.5 and N1.7bn
to upgrade three secondary schools in three senatorial districts as part of
ongoing efforts to improve the quality of education in the state.
Published by the Daily Trust Newspaper on Wednesday, 24th August, 2016
#Education: Buhari’s
Poor Funding Killing Education - ASUU
The Academic Staff Union of
Universities (ASUU), Ibadan zone urged President Muhammadu Buhari to save
Nigerian universities by paying N550 billion NEEDS assessment intervention
fund.
Published by the Daily Trust Newspaper on Wednesday, 24th August, 2016
#Economy: FG
Launches Economic Planning Forum in Kano
The Federal Government, in
collaboration with the Kana State Government, has commenced the Joint Planning
Board (JPB) meeting to draw a comprehensive framework for economic diversification
and effective national planning.
Published by the Daily Trust Newspaper on Wednesday, 24th August, 2016
#IndustryPulse:
Economic Woes – Hundreds of Factories Close Down
The current economic hardship has
led to the closure or total collapse of hundreds of factories across the
country, the association of manufacturers said yesterday. The Executive
Secretary of the Nigerian Association of Small and Medium Enterprises (NASME),
Eke Ubiji, explained how in 11 states 222 companies have collapsed or are
ailing, a situation that could have been averted if there was patronage of
local goods, low rate of foreign exchange and supportive governmental policies.
Published by the Daily Trust Newspaper on Wednesday, 24th August, 2016
#Economy: Naira is Worst
Performing Currency – Bloomberg
The naira is the worst performing
currency this year among more than 150 currencies globally, the Bloomberg media
has said. It has depreciated 37 percent against the dollar since the central
bank abandoned its peg on June 20, while bond yields have jumped more than 20
percent. The naira strengthened 4.6 percent to 315 per dollar on Tuesday after
falling to a record of 350.25 on August 19.
Published by the Daily Trust Newspaper on Wednesday, 24th August, 2016
#IndustryPulse: AU
Passport will Boost Nigeria’s Tourism Sector
Nigeria’s tourism and hospitality
industry might overtake oil sector by 2021 if the recently launched African
Union (AU) passport is adopted by the country’s legislator, country manager of
Jumia Travel Nigeria, Mr Kushal Dutta, has said.
Published by the Daily Trust Newspaper on Wednesday, 24th August, 2016
#IndustryPulse:
Nigeria Bottling Company Gets New Managing Director
Nigerian Bottling Company Limited
(NBC) has announced the appointment of George Polymenakos as its new Managing
Director. He succeeds Ben Langat, who joined NBC as Chief Finance Officer in
2009, and was appointed Managing Director in 2012. Until recently, George
Polymenakos was Regional General Manager for Coca-Cola Hellenic Bottling
Company (CCHBC) for Moscow, Russia.
Published by the Daily Trust Newspaper on Wednesday, 24th August, 2016
#Economy: Revenue
Plunges as Nigeria Loses Aviation Hub to Ghana
Nigeria has lost its status as the
aviation hub in West Africa to Ghana, a neighbouring country. Already, the
revenue that accrued to Nigeria from the fuelling of aircraft and accommodation
of cabin crews of foreign airlines has been taken over by Ghana, which now
provides these services.
Published by the Guardian Newspaper on Thursday, 26th August, 2016
#Environment: Delta
to Demolish Structures Obstructing Waterways
Delta State Government has
threatened to pull down any structure obstructing waterways. Commissioner for
Land, Survey and Urban Development, Chief Dan Okenyi said yesterday, the
government was unwavering in cleaning up the state to avert erosion problems.
Published by the Guardian Newspaper on Thursday, 26th August, 2016
#ICT: FG, Huawei
Agree on New ICT Growth Initiative
The Federal government and Chinese
technology firm, Huawei, have signed a Memorandum of Understanding (MoU),
targeted at deepening the country’s ICT ecosystem. The new deal will see
Nigerian government officials partaking in Huawei’s flagship Corporate Social
Responsibility project ‘Seeds for the Future’.
Published by the Guardian Newspaper on Thursday, 26th August, 2016
#Partnership: Firm
Launches Community Engagement Initiative Programme in Five States
As part of the effort to stop youth
extremism and violence in the country, Micro Development Consulting Limited
(MDCL), in collaboration with Office of National Security Adviser (NSA), has
launched a Community Engagement Initiative (CEI) in five states Borno, Yobe,
Plateau, Kaduna and Kano.
Published by the Guardian Newspaper on Thursday, 26th August, 2016
#Oil: 27 Ships with
Petroleum Products, Others to Arrive at Lagos Ports
Barring any unforeseen
circumstances, about 27 vessels laden with petroleum products and opther
commodities are expected to arrive Apapa and Tincan Island ports, going by the
facts from the Nigerian Ports Authority (NPA).
Published by the Guardian Newspaper on Thursday, 26th August, 2016
#IndustryPulse:
CIPSN Elects New Chairman
The Chartered Institute of
Purchasing and Supply of Nigeria (CIPSN) Lagos State Chapter has elected Akeem
Bello, a Procurement Officer in the Lagos State Civil Service as Chairman of
the chapter for the next two years.
Published by the Guardian Newspaper on Thursday, 26th August, 2016
#StakeholdersAction:
Cross River Gets Ultimatum to Pay Workers
The Nigeria Labour Congress (NLC), Cross
River State Chapter, has given the state government a 21-day ultimatum to
settle all outstandings owed workers in the state.
Published by the Guardian Newspaper on Thursday, 26th August, 2016
#Empowerment: 350
Benefit from Forest Conservation Training
In view of the issues surrounding
the world climate change, 350 men, women and youths from Okuromotet community
in Obubra Local Government Area of Cross river State have been trained on
forest conservation.
Published by the Guardian Newspaper on Thursday, 26th August, 2016
#IndustryPulse:
NERFUND Gets New Acting Managing Director
The Federal Government has
announced the appointment of Dr Ezekiel Oseni as the new acting Managing
Director of the National Economic Reconstruction Fund (NERFUND).
Published by the Guardian Newspaper on Thursday, 26th August, 2016
#Environment:
Nigeria Awaits Solar Eclipse
Nigerians cannot wait any longer to
experience another eclipse, ten years after the last one on March 29, 2006. Although
this time, on Thursday September 1, 2016, it is going to be an annular eclipse
unlike the event in 2006, which was a total eclipse. Nigerians are set to
experience another spectacle.
Published by the Guardian Newspaper on Thursday, 26th August, 2016
#Health#IndustryPulse:
U.S.-based Nigerian Doctors Plan to Curb Medical Tourism
The huge amount Nigeria spends
yearly on medical tourism will see reduction if the effort of some United Sates
(U.S.)-based Nigerian doctors, who returned to the country to fight the challenge
is sustained and supported.
Published by the Guardian Newspaper on Thursday, 26th August, 2016
#Business: 20 Shipping
Firms Leave Nigeria Over Low Business
Groaning under intense hardship
imposed by poor government policies and global economic crunch, over 20
shipping firms have exited the nation’s shores. This is coming as Dockworkers
Union of Nigeria (DUN) lamented that over 3,000 workers have already been laid
off by various shipping companies, terminal operators and logistic companies,
owing to lack of financing and poor import policies of the Federal Government.
Published by the Guardian Newspaper on Friday, 26th August, 2016
#Health: 21m to Die
of HIV/AIDS by 2030, 28m at Risk of Infection
A global non-profit organization,
AIDS Healthcare Foundation (AHF), has called on world leaders to close funding
gap on response to HIV/AIDS. It also urged the Nigerian government to invest in
HIV/AIDS response initiatives, instead of being donor dependent.
Published by the Guardian Newspaper on Friday, 26th August, 2016
#Infrastructure:
Govt Releases over 50% Vote for Capital Projects
Government has released over 50
percent capital vote to ministries, departments and agencies. Speaking at the
15th meeting of the Joint Planning Board and National Council on
Development in Kano, Vice President Yemi Osinbajo said the administration
placed high priority on infrastructural development.
Published by the Guardian Newspaper on Friday, 26th August, 2016
#Event: CIBN Holds
10th Banking, Finance Conference
The Chartered Institute of Bankers
of Nigeria (CIBN), has concluded arrangements to hold the 10th
Banking and Finance Conference, slated for September 6 to 8, 2016, at Transcorp
Hilton Hotel, Abuja.
Published by the Guardian Newspaper on Friday, 26th August, 2016
#Oil: PwC Harps on
Importance of Quick Passage of PIB
Until the Federal Government passes
the Petroleum Industry Bill (PIB), regulatory uncertainty will continue to
hinder the development of the Nigeria’s oil and gas sector, according to a
Price Waterhouse Coopers (PwC) report on current developments in the oil and
gas industry in Africa.
Published by the Guardian Newspaper on Friday, 26th August, 2016
#Oil: Nigeria Loses
560,000 Barrels to Vandals in Five Months
The activities of pipeline vandals
and oil thieves are taking a toll on the Nigerian National Petroleum
Corporation (NNPC), as it lost 560,000 barrels of crude to the refineries as
feedstock and 109 million litres of petroleum products between January and May
2016.
Published by the Guardian Newspaper on Friday, 26th August, 2016
#MSMEs: SME 100
Nigeria Trains Entrepreneurs to Boost Dwindling Economy
In a bid to boost small businesses
as the bedrock of the nation’s economy, SME 100 Nigeria has continuously
empowered youths to promote self-reliance and wealth creation through skills
acquisition and marketing.
Published by the Guardian Newspaper on Friday, 26th August, 2016
No comments:
Post a Comment