#StakeholdersAction:
NECA Decries Challenging Environment, Calls on FG for Solution
The Nigeria Employers Consultative
Association of Nigeria (NECA) has called on the federal government to put more
efforts in finding a solution to current challenges being faced by companies
operating in the country.
Published by This Day Newspaper on Monday, 5th September, 2016
#IndustryPulse: NANTA Declares State of Emergency in Aviation Sector
In order to save the air transport
sector, which is described as a catalyst to economic development of any nation,
the President of the National Association of Nigerian Travel Agencies (NANTA),
Mr Bankole Bernard has urged authorities to declare a state of emergency in the
aviation industry.
Published by This Day Newspaper on Monday, 5th September, 2016
#Partnership: Ericsson, Galaxy Backbone Set to Transform Public Services
Ericsson and Galaxy Backbone, the
Government ICT shared services provider in Nigeria, has announced a partnership
to design and deploy Information and Communications Technology (ICT) based
solutions and services supporting the delivery of efficient public services in
the country.
Published by This Day Newspaper on Monday, 5th September, 2016
#Innovation: Firm Launches e-Commerce Platform
As part of efforts to address what
it described as a confined demand for online purchasing in Africa, a
Lagos-based e-commerce company, Aniwura.com, launched a portal where business
organisations and government entities can transact businesses for products and
services.
Published by This Day Newspaper on Monday, 5th September, 2016
#Unemployment: Institute Pledges Support for FG to Tackle Unemployment
The Chartered Institute of
Personnel Management (CIPM) has expressed its desire to assist the federal
government in tackling the unemployment crisis facing the nation.
Published by This Day Newspaper on Monday, 5th September, 2016
#Partnership: Lagos Partners Sterling Bank, Others on Skill Acquisition
In line with its strategic focus on
youth empowerment and skill acquisition, the Lagos State Ministry of Employment
and Wealth Creation has announced its partnership with Sterling Bank, Audaux
Solutions Limited, Microsoft, Etisalat and Andela for the 2016 Lagos Study
Program.
Published by This Day Newspaper on Monday, 5th September, 2016
#IndustryPulse: Skye Bank Pledges Improved e-Banking Services to
Customers
Skye Bank’s Executive Director,
Technology and Services, Mr Innocent Ike, has said the bank’s electronic
channels and e-banking services delivers exciting and hassle free banking experience
for its customers and subscribers.
Published by This Day Newspaper on Monday, 5th September, 2016
#Economy #Infrastructure: SON Seeks Enhanced Quality Infrastructure to
Drive Economic Diversification
The Standard Organization of
Nigeria (SON) has emphasized the urgent need for an effective and well-implemented
national quality infrastructure policy to help the country achieve its goal of
a diversified economy.
Published by This Day Newspaper on Monday, 5th September, 2016
#IndustryPulse: Cash-strapped Banks Borrow N4.1trillion in Three Months
Cash-strapped Nigerian banks
borrowed N4.1 trillion from the Central Bank of Nigeria (CBN) in three months,
the peak of which was June, when the flexible foreign exchange policy was
introduced.
Published by the Guardian Newspaper on Tuesday, 6th September, 2016
#IndustryPulse: CBN to Penalize Banks Frustrating N213 Billion Power
Sector Financing
For banks participating in the N213
billion power sector financing the Central Bank of Nigeria (CBN) has warned
that acts of sabotage would be followed by commensurate penalties. The CBN
therefore listed 18 infractions, which it circulated yesterday to banks
participating in the scheme.
Published by the Guardian Newspaper on Tuesday, 6th September, 2016
#IndustryPulse: NIMASA to Roll Out Automation Process Next Month
Barring any unforeseen
circumstances, the Nigerian Maritime Administration and Safety Agency (NIMASA),
will next month roll out its new automation process to enhance efficiency.
Published by the Guardian Newspaper on Tuesday, 6th September, 2016
#Economy: Government Loses N6m to non-Renewal of Licences by Firms
Federal Government is said to have
lost about N6 million in the last four years to non-renewal of licences by
courier operations rendering public services in the country.
Published by the Guardian Newspaper on Tuesday, 6th September, 2016
#StakeholdersAction: NECA Blames Recession on Inadequate Policies
The Nigeria Employer’s Consultative
Association (NECA) has blamed Nigeria’s ongoing economic challenges on
inadequate policy direction on the part of the present administration.
Published by the Guardian Newspaper on Tuesday, 6th September, 2016
#IndustryPulse: Maritime Workers Want Review of Import Policies to Boost
Revenue
Maritime Workers Union of Nigeria
(MWUN) has called on the Federal Government to review the import policies that
have forced importers out of business, to generate more revenue for the
country, following declining income from crude oil.
Published by the Guardian Newspaper on Tuesday, 6th September, 2016
#Economy: NIM Implores Government to Reflate the Economy
Worried by the nation’s present
economic recession, the President and Chairman of the Nigerian Institute of
Management Prof. Munzali Jubril, has urged the government to reflate the
economy.
Published by the Guardian Newspaper on Tuesday, 6th September, 2016
#StakeholdersAction: PENGASSAN Threatens Strike over non-Implementation
of Agreement
The Petroleum and Natural Gas
Senior Staff Association of Nigeria (PENGASSAN) has threatened to resume its suspended
strike, if the Federal Government refused to enforce the implementation of an
agreement reached among the tripartite partners in the industry.
Published by the Guardian Newspaper on Tuesday, 6th September, 2016
#Economy: Flexible Forex Policy Narrows Trade Deficit
Nigeria’s trade deficit narrowed in
the second quarter following increased exports in June, a report has said. It
was boosted by the Central Bank of Nigeria’s (CBN’s) unveiling of the flexible
foreign exchange policy, National Bureau of Statistics (NBS) data have shown.
Published by the Nation Newspaper on Wednesday, 7th September, 2016
#Empowerment: Lagos Trains 400 Youths
Lagos State Ministry of Youth and
Social Development is training more than 400 youths on technical skills, it was
learnt yesterday. The youth are sharpening their skills in satellite dish
installation and sales representation.
Published by the Nation Newspaper on Wednesday, 7th September, 2016
#Philanthropy: Foundation Lifts the Face of Oshodi with Free Health
Services
A United Kingdom based
non-Governmental Organisation (NGO) Oluwole Ben Eweoya Foundation (OBE) has
provided a free health service for the people of Oshodi.
Published by the Nation Newspaper on Wednesday, 7th September, 2016
#IndustryPulse: Fed Govt Floats Visa-on-Arrival Policy for Businessmen
Vice President Yemi Osinbajo
yesterday said the Federal Government has set 2017 target for the removal of
obstacles in doing business in the country. He said the President Muhammadu
Buhari-administration has given a mandate to the Enabling Business Committee to
improve the nation’s rating of Ease of Doing Business before the end of next
year. He also said the government will soon introduce visa-on-arrival policy
that free up the process for investors and businessmen.
Published by the Nation Newspaper on Wednesday, 7th September, 2016
#Environment: Oyo Dredges Water Channels
Oyo state has embarked on fresh
dredging of water channels and rivers within flood prone areas in Ibadan
metropolis to avert disaster. The latest action came on the heels of Monday’s
six hours downpour, a situation which increased water levels in stream and
rivers in Ibadan.
Published by the Nation Newspaper on Wednesday, 7th September, 2016
#Investment: Nigeria’s Merchandise Trade Grows by 49% in Second Quarter
The National Bureau of Statistics
(NBS) said yesterday that Nigeria’s total value of merchandise trade grew by 49
per cent in the second quarter of 2016. The NBS stated in “foreign Trade
Statistics for Second Quarter, 2016” issued in Abuja that trade deficit had
reduced with rising export value.
Published by the Nation Newspaper on Wednesday, 7th September, 2016
#Power: Power Generation Dips to 3, 228MW
The 3,521.90 megawatts (MW) of
electricity that was generated on Sunday, yesterday dipped to 3,228MW,
resulting in 293MW drop in power produced by the generation companies.
Published by the Nation Newspaper on Wednesday, 7th September, 2016
#Agric: Agro Dealers Fault Govt’s
N65b Fertiliser Debt Settlement Claim
Agro dealers have faulted claims
that N65 billion have been released by the Federal Government to settle the
debt owed fertiliser suppliers in the country.
Published by the Nation Newspaper on Wednesday, 7th September, 2016
#IndusryPulse: Telecoms Sector Q2 GDP Contributions Hit N1.58tr
In real terms, the telecoms sector
contributed N1.58 trillion (N1,580 billion) to the Gross Domestic Product (GDP)
in the second quarter of this year, or 9.8 percent, which represents an
increase of 1.0 percent points relative
to the previous quarter, latest figures from the National Bureau of Statistics
(NBS) have shown.
Published by the Nation Newspaper on Wednesday, 7th September, 2016
#IndustryPulse: Forex Scarcity, Others Cripple Aviation
First Nation Airways yesterday said
its inability to access foreign exchange (forex) for the maintenance of its
aircraft is one of the factors crippling airlines operations in the country.
Published by the Nation Newspaper on Wednesday, 7th September, 2016
#Award: Stanbic IBTC Bank Wins Most Innovative SME Bank Award
Stanbic IBTC Bank, a member of
Stanbic IBTC Holdings Plc, has been adjudged the Most Innovative SME Bank of
the Year in Nigeria in 2016 by the Asian Banker Awards. The award was presented
at the Asian Banker West Africa International Convention 2016, which held
recently in Lagos.
Published by the Nation Newspaper on Wednesday, 7th September, 2016
#Agric: Ebonyi Begin One-Man One-Hectare Agric Programme
The Minister of Agriculture and
Rural Development, Chief Audu Ogbeh, has kick-started the Governor David Umahi
administration’s one-man, one hectare agricultural programme.
Published by the Nation Newspaper on Wednesday, 7th September, 2016
#StakeholdersAction: ASUP Seeks Skill Development, Technology Transfer
National Secretary of Academic
Staff Union of Polytechnics (ASUP) Mr Anderson Ezeibe has urged the Muhammadu
Buhari administration to grow the economy by focusing on skill development and
technology transfer.
Published by the Nation Newspaper on Wednesday, 7th September, 2016
#Health: Plateau Confirms Two with Lassa Fever
The Plateau State Government
yesterday confirmed two of the ten-suspected Lassa fever cases. Commissioner
for Health Dr Kunden Kanshak spoke at the monthly ministerial conference of the
Ministry of Information, yesterday.
Published by the Nation Newspaper on Wednesday, 7th September, 2016
#Health: WHO Vows to Reduce Malnutrition in North
The World Health Organisation (WHO)
has promised to reduce malnutrition among children in the North.
Published by the Nation Newspaper on Wednesday, 7th September, 2016
#Infrastructure #StakeholdersAction: Ogun Lawmakers Decry Poor State of
Lagos-Abeokuta Expressway
The Ogun State House of Assembly
has expressed concern over the deplorable state of the old Lagos-Abeokuta
Expressway especially the failed session at the Joju, Owode and Iyana-Ilogbo
areas, which have subjected commuters to untold hardship.
Published by the Punch Newspaper on Thursday, 8th September, 2016
#Environment: Flood Submerges Five Anambra Communities
People in five Anambra communities
have been reportedly trapped as flood submerged the areas. Economic and social
activities in the areas had been paralysed as people’s movement had been
hampered.
Published by the Punch Newspaper on Thursday, 8th September, 2016
#IndustryPulse: N330bn Fine Force MTN to Sell Bonds
MTN Group Limited is currently
seeking fresh funds through the sale of bonds to offset a N330bn ($1bn)
Nigerian fine, pay dividends and address capital expenditure.
Published by the Punch Newspaper on Thursday, 8th September, 2016
#Agric: No Poisonous Rice in Nigeria – FG
The National Biosafety Management
Agency on Wednesday described as untrue claims that there was genetically
modified rice in the Nigerian market. It said those making the insinuation that
the country had been flooded with ‘poisonous’ rice were mischief makers.
Published by the Punch Newspaper on Thursday, 8th September, 2016
#Oil: Stakeholders Say Petrol to Remain N145 per Litre
Stakeholders in the Nigerian
Petroleum Industry on Wednesday dismissed speculations on possible increase in
the price of petrol. In a statement issued after the meeting, the stakeholders
said the price range of N135 to N145 was still tenable despite changes in
foreign exchange.
Published by the Punch Newspaper on Thursday, 8th September, 2016
#IndustryPulse: CBN to Borrow N952bn in Three Months
The Central Bank of Nigeria is
planning to borrow the sum of N952.04bn ($3.02bn) with new issues of Treasury
Bills from September 15 to December 1, 2016.
Published by the Punch Newspaper on Thursday, 8th September, 2016
#Oil: NDPR to Increase Refining Capacity to 11,000 bdp
Chemex Modular, LLC said it had
reached terms in principle with the Niger Delta Petroleum Resources to expand
NDPR’s existing refining capacity from 1,000 barrels of crude per day.
Published by the Punch Newspaper on Thursday, 8th September, 2016
#IndustryPulse: Puma Energy Delivers First Bitumen to Nigeria
Puma Energy, a global mid and
downstream energy company, had announced delivery of its first cargo of bitumen
to its terminal located in Calabar, Cross River State, under a joint venture
with WABECO Petroleum Ltd, registered as
P.E. Bitumen Resources (Nigeria) Limited.
Published by the Punch Newspaper on Thursday, 8th September, 2016
#Economy: Focus on Opportunities Recession Offers, United States Charges
Govt
The huge challenges
notwithstanding, the Federal Government has been enjoined to take advantage of
the opportunities offered by the prevailing economic recession. In another
development, the presidency is to present 2017 budget estimates to the National
Assembly next month.
Published
by the Guardian Newspaper on Friday, 9th September, 2016
#Power: Govt Bans Purchase of Transformers by Electricity consumers
The Federal Government has outlawed
the procurement of transformers by electricity consumers, maintaining that it
remains the duty of distribution companies. It also charged operators in the
nation’s power sector to improve investments in order to upgrade their
networks.
Published
by the Guardian Newspaper on Friday, 9th September, 2016
#Agric: Cassava Sector Targets N1.5tr Output by 2021
Stakeholders in the cassava sub-sector of the economy have
unfolded a plan to grow the industry into $5 billion (about N1.5 trillion)
2021. The plan was unveiled during the National cassava Summit held yesterday
in Abuja with the theme “Towards a $5 billion per Annum Industry over the next
five years”.
Published
by the Guardian Newspaper on Friday, 9th September, 2016
#StakeholdersAction:
UITH Boss Urges Doctors to Suspend Strike
Doctors have been challenged to suspend their strike and lead
the way in the area of change in the nation’s health sector. The call was made
by the Chief Medical Director of University of Ilorin Teaching Hospital (UITH)
Ilorin, Professor Abdulwaheed Olatinwo.
Published
by the Guardian Newspaper on Friday, 9th September, 2016
#Investment:
UNCTAD Urges Govts to Improve Liquidity in Stock Exchange
For stock exchanges to play an important role in promoting
the reorientation of financial markets to support sustainable development
goals, there is a need for governments to improve market’s liquidity, the
United Nations Conference on Trade and Development (UNCTAD)-backed Sustainable
Stock Exchange Initiative has said.
Published
by the Guardian Newspaper on Friday, 9th September, 2016
#ICT: NCC
Spends N10b on Emergency Communication Centres
The Nigerian Communication Commission (NCC) has spent over
N10 billion on the establishment of emergency communication centres in the 36
states of the federation.
Published
by the Guardian Newspaper on Friday, 9th September, 2016
#StakeholdersAction:
Explorationist Tasks Govt on Proper Gas Pricing Mechanism
The Federal Government has been urged to set a standard for
selling gas in the country to enhance power supply in the country, as the commodity
price needs to reflect the real opportunity value of gas development.
Published
by the Guardian Newspaper on Friday, 9th September, 2016
#Economy:
Ogun Earns N12b in Seven Months
In its determination to remain committed to the delivery of
democratic dividends in spite of the current economic recession ravaging the
nation, the Ogun state Internal Revenue Service said government’s initiatives
led to increased revenue, as the as the agency has generated over N12billion in
the last seven months into government’s coffers,
Published
by the Guardian Newspaper on Friday, 9th September, 2016
#StakeholdersAction:
NCRIB tasks Members on Professional Integrity
The Nigerian Council of Registered insurance Brokers (NCRIB)
has urged its members to hold on to the tenets of their profession despite the
current economic recession.
Published
by the Guardian Newspaper on Friday, 9th September, 2016
#Partnership:
CBN Urges States to Partner BoI on Small Businesses
The central Bank of Nigeria (CBN) has urged the state
governments to utilise facilities offered by the Bank of Industry (BoI) for the
growth of small businesses in their domain. This, the apex bank said will speed
up industrialisation and economic growth of the country.
Published
by the Guardian Newspaper on Friday, 9th September, 2016
#IndustryPulse:
NCC to License 5 More Infrastructure Companies
Nigerian Communications Commission (NCC) has said it would
soon commence the second phases of the licensing of five more Infrastructure
Companies (InfraCos) in the country, to bridge existing broadband gap.
Published
by the Guardian Newspaper on Friday, 9th September, 2016
#Event #Technology:
Innovation, Creativity on Display at IBM ‘CogniHack Lagos 2016’
The abundance and quality of talent in the country’s local
technology space was showcased recently to the friendly geeks at IBM.
Showcasing its ongoing investment in the local technology space, IBM chose
Africa’s most populous city to convene.
Published
by the Guardian Newspaper on Friday, 9th September, 2016
#StakeholdersAction:
Travel Agencies Urge FG to Declare State of Emergency
Worried about the recent development in the aviation sector,
travel agencies in the country have urged the Federal Government (FG) to save
the sector by declaring a state of emergency.
Published
by the Guardian Newspaper on Friday, 9th September, 2016
No comments:
Post a Comment