Thursday 16 February 2017

CSR NEWS SUMMARY ISSUE 167

#Health: Medical Practitioner Advises Diabetic Patients to Avoid Pebbles in Their Feet

Dr Salihu Mohammed of General Hospital, Minna, Niger, has advised diabetic patients to avoid pebbles or other objects from being stuck in their feet to avoid infections. He said that most problems relating to feet infection with the people living with diabetes arose from lack of care. The medical practitioner also said that daily inspection of the feet was essential to the general health of diabetic patients.

Published by the Nation Newspaper on Monday, February 13, 2017

#IndustryPulse: Niger Signs N300m Contract to Digitise Radio

The acting General Manager, Radio Niger, Mr Andrew Achanya, has said that the state government had signed N300million contract to ensure the digitilisation of the station. Achanya disclosed this on Monday, in commemoration of ‎World Radio Day with the theme for 2017 edition, “Radio is You”‎.

Published by the Nation Newspaper on Monday, February 13, 2017

#Agric: Dangote to Launch 25,000 Hectares of Rice Outgrowers Scheme in Sokoto

Dangote Rice, a subsidiary of Dangote Group, is to launch in Sokoto, Sokoto State, its multi-million naira 25, 000 hectares of rice outgrowers scheme, with a prospect of hundreds of thousands of jobs for rural communities’ residents.

Published by the Nation Newspaper on Monday, February 13, 2017

#Infrastructure: NCDMB Votes $100m for Contractor Finance, Others

The Nigerian Content Development Monitoring Board (NCDMB) is to set aside $100 million for Project Finance, Asset Acquisition & Contractor Finance under its Nigerian Content Intervention Fund (NCIF).

Published by the Nation Newspaper on Monday, February 13, 2017

#IndustryPulse: Firm Buys Paints and Coatings Manufacturers from AMCON

The Asset Management Corporation of Nigeria (AMCON) has sold the fourth largest equity stake in Paints and Coatings Manufacturers Nigeria (PCMN) Plc to Bizfeat Ventures Limited. Details obtained by The Nation indicated that AMCON, the bad-debt resolution corporation floated by the government, transferred its 7.4 per cent equity stake in PCMN to Bizfeat Ventures through a negotiated cross deal at the Nigerian Stock Exchange (NSE), where PCMN is quoted.

Published by the Nation Newspaper on Monday, February 13, 2017

#IndustryPulse: School Feeding – FG Releases N844.7m to Seven States

The Federal Government has so far released N844,360,550 for the commencement of the Homegrown School Feeding, a component of its Social Investment Programme, in seven states across the country. The states that have received funding to begin the scheme include Anambra, Ebonyi, Enugu, Oyo, Osun, Ogun and Zamfara.

Published in the Punch Newspaper on Tuesday, February 14, 2017

#StakeholdersAction: S’West Govs in Ekiti, Brainstorm On Agric, Security, Education

Governors from all the states in the South-West geopolitical zone on Monday met in Ado Ekiti, the Ekiti State capital, and agreed to give quality education to the youths to ensure moral standards are maintained in order to enhance the zone’s development.

Published in the Punch Newspaper on Tuesday, February 14, 2017

#Economy: FG Targets N5tn from Asset Sales

The Federal Government is looking at generating as much as $16.4bn (N5tn at N305 to the dollar) through asset sales in the next four years to reduce the burden on the public budget.

Published in the Punch Newspaper on Tuesday, February 14, 2017

#Economy: Reps to Inaugurate Tactical Committee to End Recession

The House of Representatives will on Tuesday inaugurate a tactical committee to arrest the country’s current economic recession. The Committee would liaise with relevant stakeholders in the sector to achieve this goal.

Published in the Punch Newspaper on Tuesday, February 14, 2017

#Power: Power Firms Owe Consumers Explanation for Estimated Billing – Fashola

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said that the power distribution firms should explain to consumers the basis for estimated billing, which they subject them (consumers) to and when it will end.

Published in the Punch Newspaper on Tuesday, February 14, 2017

#Oil: NNPC Increases Petroleum Products Importation

The Nigerian National Petroleum Corporation on Monday announced measures to sustain the nationwide supply of Premium Motor Spirit (petrol), Automotive Gas Oil (diesel), and Dual Purpose Kerosene.

Published in the Punch Newspaper on Tuesday, February 14, 2017

#Oil: Angola Overtakes Nigeria as Africa’s Top Oil Producer

Despite recording the biggest increase in output among its peers in the Organisation of Petroleum Exporting Countries, Nigeria has again lost its Africa’s top oil producer status to Angola after it regained it in November last year.

Published in the Punch Newspaper on Tuesday, February 14, 2017

#Environment: P’Harcourt Pollution – FG Declares Emergency, Shuts Firm

The Federal Government on Monday declared the air pollution problem in Port Harcourt and its environs as an emergency that needed to be addressed urgently. As a result, it issued a notice to temporarily shut down an asphalt processing plant in Port Harcourt that was oozing out thick smoke in a bid to bring the situation under control.

Published in the Punch Newspaper on Tuesday, February 14, 2017

#Agric: Bauchi to Revive Moribund Fertiliser Blending Company

The Bauchi State government on Monday said that it will soon revive its fertiliser blending company so as to make the commodity available to farmers in the state and beyond. Speaking during a tour of the company in Bauchi, the newly appointed chairman‎ of the firm, Bappah Aliyu Musa, promised to make it profitable.

Published by This Day Newspaper on Wednesday, February 15, 2017

#Economy: Success of Eurobond is Proof the Economy is Recovering

The federal government has said that the massive demand for its $1 billion Eurobond, which was oversubscribed by 780 per cent, was a demonstration of the strong market appetite for Nigeria and indicative of the confidence by the international investment community in Nigeria’s economic reform agenda.

Published by This Day Newspaper on Wednesday, February 15, 2017

#Empowerment: FG Begins Disbursement of Social Intervention Funds

The federal government has commenced disbursement of interest-free loans to the latest accredited beneficiaries of Market Moni, the Government Enterprise and Empowerment Programme (GEEP) targeting market women, traders, artisans, youth and farmers.

Published by This Day Newspaper on Wednesday, February 15, 2017

#IndustryPulse: Union Bank Commences Activities to Mark 100th Year Anniversary

Activities heralding the commemoraton of the 100th year anniversary of Union Bank of Nigeria commenced yesterday in Lagos. The anniversary is being marked five years after the bank was acquired by a new international investor group in 2012. Following this, the new management team led by Chief Executive Officer, Mr. Emeka Emuwa, embarked on a transformation programme to reposition the financial institution with the objective of becoming a leading provider of quality financial services in Nigeria.

Published by This Day Newspaper on Wednesday, February 15, 2017

#Empowerment: FG Doles out N70m to 56 Local Inventors

The federal government yesterday rewarded Mr. Ezekiel Izuogu with N10million and 55 other inventors with N60million for their efforts in the manufacture of unique scientific inventions and innovations.

Published by This Day Newspaper on Wednesday, February 15, 2017

#Economy: FG to Float Savings Bond for Nigerians, Says DMO DG

The Director General of the Debt Management Office (DMO), Dr.  Abraham Nwankwo, yesterday disclosed plans by the federal government to float the Savings Bond before the end of the first quarter.

Published by This Day Newspaper on Wednesday, February 15, 2017

#IndustryPulse: NIRSAL, Nigeria Railways Begin Movement of Grains by Rail

The Nigerian Incentive Based Risk Sharing for Agricultural Lending (NIRSAL) in collaboration with the Nigeria Railway Corporation (NRC) yesterday inaugurated a unique scheme to move grains from the northern part of the country to markets, industrial zones and ports in the South.

Published by This Day Newspaper on Wednesday, February 15, 2017

#Power: US Announces Fresh Grant of N241.6m to Support Nigeria’s Power Sector

The United States of America has reiterated her commitment to the development of Nigeria’s power sector with the announcement of a fresh grant of $767,512 (N241.6million) to support the development of renewable energy in Nigeria.

Published by This Day Newspaper on Wednesday, February 15, 2017

#Environment: FCT Minister Tasked On Abaji Gully Erosion

Residents of Wadata community in Abaji Area Council have appealed to the Minister of the FCT, Muhammad Musa Bello, to come to their aid in tackling a gully erosion that has been threatening their houses in the area.

Published in the Daily Trust Newspaper on Thursday, February 16, 2017

#Agric: Dangote to Launch 25,000ha Rice Project in Sokoto

Dangote Rice, a subsidiary of Dangote Group is set to launch on Wednesday 25,000 hectares of rice outgrower programme in Sokoto. The project is expected to provide hundreds of thousands of employment opportunities for inhabitants of the rural communities, according to a press release from the African Press Organisation. A pilot is set to begin with 500 hectares by Gonroyo dam, in Goronyo community.

Published in the Daily Trust Newspaper on Thursday, February 16, 2017

#IndustryPulse: NIOB To Proffer Solution To Building Challenges

The Nigerian Institute of Building (NIOB) has said the association would work in finding lasting solutions to building challenges in the country. The Chairman of the institute’s FCT Chapter, James Ogbagha said the institute’s forthcoming annual general meeting billed to hold in Abuja in April is tailored to provide the techniques of business development, but it is not just about developing our businesses alone, it also has patriotic commitment to national development.

Published in the Daily Trust Newspaper on Thursday, February 16, 2017

#Agric: 36 Jigawa Communities Lose Farms to Chinese Plantation

Thirty six communities in Jigawa state have lost their farmlands covering 12,000 hectares to a Chinese company for sugarcane plantation. The state government gave the farmlands to Messrs Lee Group- based in Kano for N2.1 billion.

Published in the Daily Trust Newspaper on Thursday, February 16, 2017

#Empowerment: Group Empowers 600 Women To Start Business In Nasarawa

A total of 600 women, including widows in Nasarawa received various cash donations to start businesses of their own to enable them become self-reliant. The national chairman of the Board of Trustees (BOT) of Buhari Charity Organisation (BCO), Abuja, Suleiman Modibbo Masaka, who made this known yesterday in Keffi while briefing newsmen on the year 2017 plan of the group, said the organisation has disbursed N6 million to empower widows, orphans and the needy to enable them to be self-reliant and to contribute their quota to national development.

Published in the Daily Trust Newspaper on Thursday, February 16, 2017

#IndustryPulse #Technology: E-Payment Transactions Hit N51.8trn –CBN

The Central Bank of Nigeria (CBN) says   the value of electronic payment transaction had increased from N27.56 trillion in 2012 to N51.8 trillion in 2016, indicating 88 per cent increase.

Published in the Daily Trust Newspaper on Thursday, February 16, 2017

#IndustryPulse: FCTA to Eliminate Multiple Taxes – Minister

The FCT Administration has put machinery in motion to harmonize taxes in the Federal Capital Territory to reduce cases of multiple taxation. The FCT Minister, Malam Muhammad Musa Bello, stated this yesterday while receiving members of the Hotel Owners Forum, FCT chapter in Abuja.

Published in the Daily Trust Newspaper on Thursday, February 16, 2017

#Health: New Malaria Vaccine Provides 100% Protection in Clinical Trial

Scientists have discovered an effective vaccine that offers up to 100 per cent protection from malaria. German researchers at the University of Tübingen in collaboration with the biotech company, Sanaria Incorporated, have demonstrated in a clinical trial that a new vaccine for malaria called Sanaria PfSPZ-CVac has been up to 100 per cent effective when assessed at 10 weeks after last dose of vaccine.

Published by the Guardian Newspaper on Friday, February 17, 2017

#StakeholdersAction: Ambode, Ikpeazu, Obaseki Decry High Unemployment Rate

Prominent Nigerians, which include governors of Lagos, Abia and Edo states, Akinwunmi Ambode, Okezie Ikpeazu and Godwin Obaseki, have decried the high rate of unemployment in the country. They warned that unless something urgent and decisive in terms of right government policies, collective responsibilities and strict anti-graft measures are taken, the country may be heading for disaster.

Published by the Guardian Newspaper on Friday, February 17, 2017

#StakeholdersAction: Health Workers Protest In Lagos, Threaten Strike

Health workers under the umbrella body of National Union of Allied Health Professionals yesterday at the Governor’s Office in Alausa, Lagos, protested over corruption and what they described as continued discrimination among the medical professionals and dichotomy in medical laboratory services across the country.

Published by the Guardian Newspaper on Friday, February 17, 2017


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