Nigeria CSR Reports: CSR NEWS SUMMARY ISSUE 159

#Education: 4,403 Ebonyi Teachers Fail Certificate Screening

The Ebonyi State Universal Basic Education Board has said that a total of 4,403 primary schoolteachers in the state failed a test conducted by the board. The leader of the board’s investigating committee, PNKLrof. Anthony Ani, announced this in Abakaliki, the state capital on Friday while presenting the committee’s report to the board.

Published by the Punch Newspaper on Monday, October 24, 2016

#Power: Power Firms Demand 200% Increase in Tariff

There may be a fresh increase of over 200 per cent in electricity tariff being paid by residential consumers if a proposal by power distribution companies to raise the average energy charge to N105 per kilowatt-hour from the current rate of 22.8KWH is approved. This is coming less than eight months after about 45 per cent increase in tariff was imposed on electricity consumers nationwide.

Published by the Punch Newspaper on Monday, October 24, 2016

#Business: Eight Months of Forcados Shutdown Cost Nigeria N689bn

The country has lost at least N689bn to the suspension of exports of Forcados, one of the nation’s largest crude oil grades, since February. Friday, October 21, 2016 marked exactly eight months that Shell declared force majeure on the export of Forcados.

Published by the Punch Newspaper on Monday, October 24, 2016

Business: Recession - Dangote Sacks 36 Expatriates, 12 Nigerians

The current recession rocking the Nigerian economy has hit one of the biggest employers of labour in the country outside of the government as the Dangote Group, belonging to Africa’s richest man, Aliko Dangote, has fired 48 members of staff.

Published by the Punch Newspaper on Monday, October 24, 2016

#Power #StakeholdersAction: Power Firms Seek FG’s Intervention on Tariff

To avert an increase of over 200 per cent in electricity tariff payable by residential consumers in the near future, the Federal Government has to intervene in the sector, power distribution companies have said. According to them, the government’s intervention is vital in order to address the N809bn revenue shortfall in the industry.

Published by the Punch Newspaper on Monday, October 24, 2016

#Industry: Nigeria Mining Week to Tackle Sector Reform

Minister of Mines and Steel Development, Dr. Kayode Fayemi, is billed to address the issues limiting the country as a mining destination at this year’s Nigeria Mining week put together by the Miners Association of Nigeria (MAN) in partnership with Spintelligent and PricewaterhouseCoopers (PwC) Nigeria, to address the deficit witnessed in the sector.

Published by the Vanguard Newspaper on Tuesday, October 25, 2016

#Power: Three-Week Power Generation Averages 4,154MW

Nigeria’s power supply maintained an average of 4154 megawatts (mw) in the first three weeks of this month, with generation for the period under review recordinga peak of about 4362mw on the 12th of October.

Published by the Vanguard Newspaper on Tuesday, October 25, 2016

#Technology: Systemspecs Releases Remita Mobile, Targets Pan-African Expansion

Systemspecs will release the mobile version of Remita e-payment and e-collection platform before year-end, as it targets pan-African expansion. From their smart and feature phones, millions of Nigerians will now be able to make payments from any of their commercial or micro-finance bank accounts or through any debit or credit card to thousands of merchants and billers in Nigeria when SystemSpecs, creators of the Remita e-payment platform, releases the mobile version of the application by the end of this year.

Published by the Vanguard Newspaper on Tuesday, October 25, 2016

#Oil & Gas: ExxonMobil Divestment: Investors Pull Back Bullish Sentiment

The divestment of ExxonMobil, United State-based international oil company, from the Nigerian subsidiary, Mobil Oil Nigeria (MON) Plc, may have resonated positively with the Nigerian investors as the company’s stock recorded significant appreciation in the Nigerian Stock Exchange, NSE, in the first few days trading, post-divestment announcement.

Published by the Vanguard Newspaper on Tuesday, October 25, 2016

#StakeholderActions: Government to reduce number of agencies at ports

Worried about the loss of business to neighbouring countries arising from low competitiveness, indications emerged at the weekend that the Federal Government may further reduce the number of agencies at the nation’s ports. This is part of measures to address complaints bordering on the ease of doing business. The Government said efforts are underway to reduce human intervention at the ports, some of which have been responsible for the poor operational efficiency, by deploying technology and increasing stakeholder collaboration on regulatory frameworks.

Published by the Guardian Newspaper Tuesday, October 25, 2016

#MSMEs: #BoI, Benue government seal N2bn MSMEs financing deal

The Bank of Industry (Bol) has co-launched a N2 billion Micro Small and Medium Enterprises(MSMEs) development fund with the Benue State government. Under the financing model, BoI will contribute N1billon which will in turn be matched in equal sum by the Benue State Government for on-lending to mainly businesses that have high employment generating potential and value addition to local raw materials.

Published by the Guardian Newspaper Tuesday, October 25, 2016

#Environment: Climate Change Adaptation Key Component Of Agric Policy – Ogbeh

The minister of agriculture and rural development, Chief Audu Ogbeh, has said that climate change adaptation for environmental sustainability and increased food production is a key component of the Agricultural Promotion Policy of the federal government.

Published by the Leadership Newspaper on Wednesday, 26th October, 2016

#Investment: AfDB Assures of Accelerated Investment to Solve Africa’s Energy Crisis

The President of the African Development Bank, AfDB, Akinwumi Adesina has reiterated the bank’s determination to fund critical power projects in Africa with hope of ensuring the continent get over the recurring energy crises.

Published by the Leadership Newspaper on Wednesday, 26th October, 2016

#Empowerment: N500m Fund Will Help The Disabled Realise Potentials – Ambode

Lagos State governor, Mr. Akinwunmi Ambode yesterday inaugurated the Governing Board of the Office for Disability Affairs to manage the N500million Disability Trust Fund. He said the fund would help people living with disabilities to bring out their potentials and be self-reliant.

Published by the Leadership Newspaper on Wednesday, 26th October, 2016

Investment: Nigeria Safe for Investors – Shittu

The Minister of Communications, Barrister Abdur-Raheem Adebayo Shittu yesterday in Abuja further reiterated the present administration’s resolve to make Nigeria’s business environment safe and conducive for investors.

Published by the Leadership Newspaper on Wednesday, 26th October, 2016

#Agric #Investment: Investment in Agricultural Panacea to Economic Recession

Governor Udom Emmanuel of Akwa Ibom has identified massive investment in the agricultural sector as panacea to the prevailing economic recession.

Emmanuel said agriculture has the potential of increasing the revenue base of the country, create wealth, generate employment as well as sustain the economy.

Published by the Leadership Newspaper on Wednesday, 26th October, 2016

#Agric: Agric Bank to Assist Farmers, Youths with Loans

The Bank of Agriculture (BOA) has pleged to provide financial and other support services to farmers and youths in the country to boost food production through mechanised farming system.