Friday, 30 January 2015

CSR News Summary Issue 99

Industry Pulse: New Managing Director Appointed for Shell Nigeria

A new Managing Director has been appointed for Shell Petroleum Development Company of Nigeria Limited (SPDC), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and Royal Dutch Shell.
Published in ThisDay Newspaper on Monday, 26th January, 2015

Industry Pulse: SEC Announces Exit of Oteh as Director - General

The Securities and Exchange Commission (SEC) on Sunday announced the exit of Ms. Arunma Oteh as the commission’s Director-General.

The commission made the disclosure in a statement issued by its management and made available to the News Agency of Nigeria (NAN) in Lagos.
 Published in ThisDay Newspaper on Monday, 26th January, 2015

Award: CWG wins VMware Solution Provider Award

Computer Warehouse Group Plc (CWG) has been recognised as the Solution Provider of the Year and Renewals Partner for the Year in the entire West, East and Central Africa (WECA) at the annual VMware Channels award ceremony recently held in Johannesburg, South Africa.
Published in ThisDay Newspaper on Monday, 26th January, 2015

Industry Pulse: Chams Appoints New Director, CFO

Leading technology firm, Chams Plc, has announced the appointment of Dr. Josephine Awosika (MFR) to its Board of Directors. The company also named Mrs. Christianah Olaniyan as its new Chief Financial Officer (CFO).
Published in ThisDay Newspaper on Monday, 26th January, 2015

Award: GTBank Bags ‘Best Corporate Governance, Africa’ Award

Guaranty Trust Bank Plc, has been awarded ‘Best Corporate Governance, Africa’, for the Financial services category by the Ethical Boardroom Magazine UK.
Published in ThisDay Newspaper on Monday, 26th January, 2015

Technology: Schneider highlights Limitations of Solar Energy

Schneider Electrics last week said that even as solar energy is considered one of the best options to the grid electricity generation, the problem with it was the space. 
Published in The Punch Newspaper on Tuesday, 27th January, 2015

Energy: Seplat sees 30% earnings from gas by 2017 on Nigeria reforms

Seplat Petroleum Development Co., Nigeria’s largest listed indigenous Exploration and Production firm sees revenues from gas making up 30 percent of its earnings by 2017 on reforms that have moved prices to$2.50/1,000 Mcf from as low as 0.7 cents in 2007.  Published in The Punch Newspaper on Tuesday, 27th January, 2015

Oil: Exploration stalls in Africa as Oil Price Declines

The dash for resources that saw explorers invest billions of dollars to tap promising oil fields from Ghana on the West Coast to Tanzania on the East is stalling as the global drop in crude prices pushes drillers to reconsider the high costs of exploration on the continent.
Published in The Punch Newspaper on Tuesday, 27th January, 2015

Industrial Development: Amaecom seeks government’s assistance over Industrial Development

The Management of Amaecom Global Limited, an asset financing firm, has solicited the assistance of the Akwa Ibom State government in its efforts to contribute toward the industrial development of the state.
Published in The Guardian Newspaper on Wednesday, 28th January, 2015

Power: Egbin Power invests N50bn, targets 10,000MW

Egbin Power Plc says it is targeting 10,000 megawatts even as it said to have invested N50 billion to rehabilitate one of the six steam turbine units which now has the capacity to generate 220MW.
Published in The Guardian Newspaper on Wednesday, 28th January, 2015

Power: NERC grants firm licence for 500mw Power Plant

The Nigerian Electricity Regulatory Commission (NERC) has granted an operating licence to Trombay Limited for a 500 Megawatts.
Published in The Guardian Newspaper on Wednesday, 28th January, 2015

SMEs Development: BoI partners 10 Banks on SME Financing

Operators of Small and Medium Enterprises (SMEs) in the country would soon heave a sigh of relief as the problem of funding, which has retarded the growth of the sub-sector, is being critically addressed.
Published in The Guardian Newspaper on Thursday, 29th January, 2015

SMEs Development: Entrepreneurs to tap from Germans experience on SME Development

Nigeria is collaborating with the Federal Republic of Germany on a new strategy to enhance trade facilitation and on the development of micro, small and medium enterprises.
Published in The Guardian Newspaper on Thursday, 29th January, 2015

Industry Pulse: NOTAP expands, gets 1st substantive Directors, 35 years after

National Office for Technology Acquisition and Promotion, NOTAP, has promoted six staff to the position of substantive Directors to head six departments.
Published in The Guardian Newspaper on Thursday, 29th January, 2015

Power: Presidency orders new sources of Power Supply to Borno

The Minister of State for Power, Alhaji Mohammed Wakil, on Thursday said the presidency had directed the ministry to open two additional sources of power transmission from the national grid to Borno State.
Published in ThisDay Newspaper on Friday, 30th January 2015

Industry Pulse: Ogbechie is Diamond Bank’s New Chairman

Diamond Bank Plc, on Wednesday announced the appointment of Dr. Chris Ogbechie as the new Chairman of the Board of Directors following the retirement of Igwe Ugochukwu Nnaemeka Achebe who has led the Board since January 1, 2007.
Published in ThisDay Newspaper on Friday, 30th January 2015


The National Bureau of Statistics (NBS) expects economic growth this year to be 5.54 percent, down from an estimated 6.23 percent for 2014, after the government trimmed its expenditure following a slump in the price of oil.
Published in ThisDay Newspaper on Friday, 30th January 2015

Environment: Kebbi communities urged to plant trees against Flood


Kebbi communities ravaged by flooding during the last rainy season have been called upon to plant trees to prevent high level of devastation.
Published in ThisDay Newspaper on Friday, 30th January 2015

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