Friday, 19 December 2014

CSR News Summary Issue 98

Empowerment: SURE-P GIS trains 100 Graduates in Edo

The Graduate Internship Scheme, GIS, component of the Subsidy Reinvestment and Empowerment Programme has trained 100 interns and 10 firms in Edo State.
Published in Vanguard Newspaper on Sunday, 14th December, 2014

Survey: 36.9 Nigerians Excluded from Financial System

Findings from the EFInA access to financial services in Nigeria 2014 survey has revealed that 36.9 million adults, representing 39.5 per cent of the population are financially excluded.
Published in ThisDay Newspaper on Monday, 15th December, 2014

Agriculture: FG to save N128bn, create three million jobs from Cassava Bread Policy

The Director-General, Federal Institute of Industrial Research, FIIR, Oshodi, Dr. Gloria Elemo yesterday disclosed that Federal Government would save up to N128bn annually from the 10 per cent cassava flour inclusion policy in the production of bread.
Published in ThisDay Newspaper on Monday, 15th December, 2014

Report: AfDB Launches Flagship African Development Report
On Tuesday, December 16, the African Development Bank launches the 2014 edition of its flagship publication the African Development Report on the theme “Regional Integration for Inclusive Growth”.

Africa’s regional integration has been a key economic and political aspiration since the independence decade of the 1960s. It is also an important pillar for the work of the African Development Bank, which is celebrating its 50th anniversary as Africa’s premier development finance institution in 2014.
Published in ThisDay Newspaper on Monday, 15th December, 2014

Education: FG doubles education budget in 4 years 

The Federal Government doubled its budget for the nation’s education sector within four years, Minister of Education, Mallam Ibrahim Shekarau, said this in Abuja, yesterday while unveiled new government’s plan aimed at rapidly transforming the nation’s education system.
Published in The Punch Newspaper on Tuesday, 16th December 2014

UNODC, NAPTIP, NIS launch Campaign against Human Traffickers, others

United Nations Office on Drugs and Crime in collaboration with the National Agency for the Prohibition of Trafficking in Persons and other related Matters and Nigeria Migration Service will today kick off a three-day workshop aimed at curtailing trafficking in person and smuggling of migrants.
Published in The Punch Newspaper on Tuesday, 16th December 2014

Partnership: Afrinvest, Ghanaian Investment bank partner for expansion

Afrinvest (West Africa) Limited, a Nigeria-based wealth advisory firm, has entered into a partnership agreement with Serengeti Capital Limited of Ghana to further expand its business portfolio and strengthen its capacity to execute transactions within the West African investment market.
Published in The Punch Newspaper on Tuesday, 16th December 2014
Although cocoa production account for only 0.3 per cent of Nigeria’s agricultural Gross Domestic Product (GDP), it has remained the main agricultural export commodity for the nation.
Published in The Punch Newspaper on Wednesday, 17th December 2014


The Federal Government has pledged to protect the economy from any external shock that might arise from the global drop in oil prices. Government also warned that it would not allow mischief makers it described as “merchants of fear” to distort facts about the economy in order to sow seed of hopelessness to Nigerians.
Published in The Punch Newspaper on Wednesday, 17th December 2014

Award: Gbeneol bags UN award for youth empowerment

The Senior Special Assistant to the President on Millennium Development Goals, Dr. Precious Kalamba Gbeneol has bagged a UN award for leading the line in the efforts to empower the youths in the country.
Published in The Punch Newspaper on Wednesday, 17th December 2014

 

The Infrastructure Bank Plc (TIB) has sealed a pact with Gemfonds of UK and Madrid-based investment banking firm- Sigrun, for a $500 million Nigeria-focused Infrastructure Fund.

Published in Vanguard Newspaper on Thursday, 18th December 2014


The Nigeria Postal Service sector may have added about N289.7 billion to the economy within the last four years.
Published in The Nation Newspaper on Thursday, 18th December 2014


The unsteady crude oil prices has again drawn the attention of major stakeholders in the petroleum sector, who advocated a critical need to re-order the economic priorities of the nation, to ensure a sustainable growth.
Published in Vanguard Newspaper on Thursday, 18th December 2014

Energy: Nigeria Employs Satellitte to Chase $1bn Gas Flaring

Nigeria has started using a satellite tracking system to help it bring in more than $1 billion a year in fines which it could charge for illegal gas flaring.
Published in ThisDay Newspaper on Friday, 19th December 2014

Environment: Lawmakers fine Shell $4bn for 2011 Bonga Oil Spill

Nigeria's National Assembly said on Wednesday oil major Shell should pay $3.96 billion for a 2011 spill at its offshore Bonga oilfield in the latest assessment of damage to the environment.
Published in ThisDay Newspaper on Friday, 19th December 2014

Economy: Nigeria requires $113bn to revamp 3 critical sectors of economy – BPE boss

The Director General of the Bureau of Public Enterprises, BPE, Mr. Benjamin Dikki says Nigeria requires fresh injection of about $113 billion in six years for the development of three critical sectors of the nation’s economy, namely Oil and Gas, Power and Transport.

Published in ThisDay Newspaper on Friday, 19th December 2014

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