#Education: Sokoto Becomes First State to Initiate Bill for Right to
Education
Governor Aminu Waziri Tambuwal of Sokoto State has initiated
the Right to Education Bill 2016 in recognition and protection of the right to
education of children between 6 and 18 years in the state. This is the first
time any state in Nigeria will seek to legally make education a fundamental
human right of all children. The bill is one of the major components of the
policy on the state of emergency in the education sector declared in the state
in December 2015.
Published by This Day
Newspaper on Tuesday, October 18, 2016
#MSMEs: FG Shops for Investors, Showcases 16 Startups to IBM, Others
The Minister of Communications, Mr. Adebayo Shittu, the Head
of Service of the Federation (HoS), Mrs. Winifred Oyo-Ita, and the Governor of
Plateau State, Mr. Simon Lalong, on Tuesday, called on IBM, LG Electronics,
Microsoft, Avaya, Lenovo, Oracle and other ICT players to invest in the
country. While soliciting for more investment in the nation’s ICT ecosystem,
Shittu averred that Africa is the new destination of choice for global
investments in ICT infrastructure,
hardware or software and other smart devices.
Published by This Day
Newspaper on Tuesday, October 18, 2016
Oil: FG, India to Sign Deal on $15bn Upfront Payment for Nigerian Crude
The Federal Government is set to sign a cash-raising oil deal
with India for $15 billion by the end of this year, just as Nigeria’s oil
production is also expected to rise by 22 per cent to 2.2 million barrels per
day in the same period when oil companies lift the force majeure on fields that
were shut down as a result of militancy in the Niger Delta.
Published by This Day
Newspaper on Tuesday, October 18, 2016
#Empowerment: Fidelity Bank, Gazelle Train 500 Unemployed Youths
in Kebbi
In furtherance of its quest to improve the wellbeing
of communities where it does business, Fidelity Bank Plc, in partnership with
Gazelle Academy and Waziri Umaru Federal Polytechnic, Birnin Kebbi have
empowered 500 Nigerians through entrepreneurial skills. The programme, which
was part of the bank’s corporate social responsibility (CSR) initiatives, was
aimed at equipping Nigerian youths with skills and capabilities needed to take
advantage of available opportunities to drive socio-economic development.
Published by This Day
Newspaper on Tuesday, October 18, 2016
#IndustryPulse: Shell Appoints New VP for Nigeria, Gabon
Shell has appointed Peter
Costello as its new Vice President for Nigeria and Gabon. A statement signed by
the company’s spokesperson, Bamidele Odugbesan, stated that Costello succeeded
Markus Droll, who assumes a new role of Executive Vice President, Projects,
Shell International in Rijswijk, Netherlands.
Published by the Punch Newspaper on Wednesday, October 19, 2016
#IndustryPulse:
Naira Shortage Pushes Interbank Rate to 150%
Overnight interbank rate was
quoted at a record high of 150 per cent on Tuesday, two days after commercial
banks placed funds with the Central Bank of Nigeria to participate in last
Friday’s currency forward auction. Traders said few deals were done on Tuesday
due to a shortage of naira on the money market, with banks unwilling to place
funds among themselves until the result of Friday’s currency auction was published.
Published by the Punch Newspaper on Wednesday, October 19, 2016
#IndustryPulse: FIRS Seals Oil Servicing Firms for Tax Evasion
The Federal Inland Revenue Service on Tuesday sealed the
premises of two oil servicing companies for evading tax worth over N500m in
Uvwie Local Government Area of Delta State. The companies, Bredero Pipelines
Services at Sedco Road, Enerhen, and JAD Construction, along Enerhen Road,
Uvwie, were shut by the FIRS enforcement team headed by Ruth Mandeun.
Published by the Punch Newspaper on Wednesday, October 19, 2016
#Infrastructure: Nationwide Job Centres Ready By March – FG
The Federal Government on Tuesday announced that it would
locate job centres in all local government areas across the country before the
end of March next year. The government stated that the job centres, with at
least one in every local government, will be used to gather data on the actual
number of unemployed persons in the country, adding that it was perfecting all
requisite processes needed to actualise this.
Published by the Punch Newspaper on Wednesday, October 19, 2016
#Oil: Oil at $52 Will Help Economic Recovery – Rewane, Others
As the global crude oil
benchmark continued to trade above the $50 per barrel mark on Tuesday, economic
and energy experts said, the price rally would help soften the recession
rocking the country and support economic recovery. They, however, described as more
important the need to ramp up the nation’s crude oil production, which has been
significantly disrupted by the recent upsurge in militant attacks in the Niger
Delta.
Published by the Punch Newspaper on Wednesday, October 19, 2016
#Economy: FG Targets $1bn from Broadcast Frequency Sale
The Federal Government plans to
earn at least $1bn from the sale of broadcast frequency to be converted to
telecommunications services as the nation moves to transit from analogue to
digital broadcasting by June 2017. The Minister of Information and Culture,
Alhaji Lai Mohammed, gave this indication in a remark at the 11th edition of
Africast, which opened in Abuja on Tuesday.
Published by the Punch Newspaper on Wednesday, October 19, 2016
Investment: Chinese Businessmen Desperate To Invest In Nigeria – Envoy
DESPITE the
current economic recession in the country, the Chinese Ambassador to Nigeria,
Mr. Zhou Pingjian, on Tuesday said he had been inundated with requests by
investors from his country who he stated had been “falling over one another” to
explore business opportunities in Nigeria.
Published by the Punch Newspaper on Wednesday, October 19, 2016
#IndustryPulse: FCMB Transforming To Retail Banking’
The First City Monument Bank
Limited says it is transforming itself from being one of Nigeria’s leading
investment banks to one of the fastest growing retail banks. The financial
institution said it now had branches and alternate channels all over Nigeria,
saying, “This year, the bank has acquired an average of 53,000 new customers
monthly and has continued to maintain this steady acquisition momentum.”
Published by the Punch Newspaper on Wednesday, October 19, 2016
#Oil: Nigeria’s Oil
Reserves May Dry up in 30 years, Experts Warn
The country’s crude oil reserves may dry up in the next
30 years, says Nigerian national association of petroleum explorationists. President
of the association, Nosa Omorodion, raised the alarm in Lagos, yesterday, at a
media briefing to announce programme schedule for NAPE’s yearly conference.
Published in the Guardian Newspaper on Friday, October 21, 2016
#Business: Members of MAN Plans to List Shares on NSE
Manufacturers Association of Nigeria
(MAN) has disclosed plans by the members to list their shares in the Nigerian
Stock Exchange (NSE). The director general of the association, Segun Ajayi-Kadir, during the
associations ringing bell ceremony at the exchange in Lagos on Wednesday
assured that more members had also indicated interest to list their shares on
the market.
Published in the Guardian Newspaper on Friday, October 21, 2016
#Awards: Africa Business Leadership
Awards for 16 in Lagos
Identifying game changing business
leadership in a variety of categories, the 2016 All African Business Leaders
Awards, yesterday, celebrated those who have forged and helped shape the West
African business world.
Published in the Guardian Newspaper on Friday, October 21, 2016
#MSMEs: BoI, Benue Govt. Seal N2bn
MSMEs Financing Deal
The Bank of Industry (BoI) has
co-launched a 2billion Micro Small and Medium Enterprises (MSMEs) development
fund with the Benue State government.
Published in the Guardian Newspaper on Friday, October 21, 2016
#Business: Spain to Setup
Manufacturing Companies in Nigeria
The government of Spain has revealed
plans aimed at setting up Spanish manufacturing companies among other
businesses in Nigeria, which is targeted at exploring economic potential and
build business plans in Nigeria.
Published in the Guardian Newspaper on Friday, October 21, 2016
#IndustryPulse: Firm Unveils New
Digital Products in Nigeria
SKYSAT Technologies Nigeria limited,
the sole distributors of Konica Minolta digital print solutions in Nigeria has
announced the introduction into the Nigerian market the latest range of
products from the manufacturers stable.
Published in the Guardian Newspaper on Friday, October 21, 2016
#Empowerment: Academy Tasks Firms
on Capacity Building
To fill the vacuum left behind by
those who left their jobs following the massive sack of workers as a result of
the country’s economic recession, Growth Academy (GA) has tasked firms to build
their employees capacity on multi task.
Published in the Guardian Newspaper on Friday, October 21, 2016
#Empowerment: Entrepreneurship
Development Gets N1.5b Support from Foundation
The Leo Stan Ekeh Foundation, which
focuses on promotion of 21st knowledge through quality education,
practical entrepreneurship, healthy living and enhanced lifestyle has committed
N1.5 billion to support YUBOSS- an entrepreneurship and wealth creation scheme
set up by pioneer composite retailer chain Yudala supported by Access bank and
Airtel.
Published in the Guardian Newspaper on Friday, October 21, 2016
#Partnership: Uber, First Bank to
Finance Used Vehicle
A new pact between Uber Nigeria and First
Bank aimed at paving the way for driver partners to grow their businesses
through low interest used vehicle loans has emerged.
Published in the Guardian Newspaper on Friday, October 21, 2016
#Investment: Gionee to invest $12
Million in Nigeria, Launches S6s
GIONEE communication Equipment
Company limited said it has invested over $10 million in the Nigerian market
for branding its activities, of the sum, it invested $8million in 2016 alone,
said Mr. Chen Lei, group chief executive officer of the company.
Published in the Guardian Newspaper on Friday, October 21, 2016
#StakeholderAction: DESUTH Medical
Workers Resume Work
Striking medical workers at the Delta
State University Teaching Hospital (DELSUTH), Oghara have suspended their
strike. The suspension follows the intervention of the state governor, Dr.
Ifeanyi Okowa and the subsequent payment of part of the allowances owed them.
Published in the Guardian Newspaper on Friday, October 21, 2016
#Empowerment: NADDC Trains 2000
Mechanics on Modern Engineering Skills
Plans are underway by the National
Automotive Design and Development Council (NADDC) to train 2000 mechanics in
modern engineering skills.
Published in the Guardian Newspaper on Friday, October 21, 2016
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