Friday, 31 July 2015

CSR News Summary Issue 111

Philanthropy: Dankwambo Donates To Gombe Blast Victims

Governor Ibrahim Hassan Dankwambo of Gombe state has donated two million naira to victims of Gombe multiple bomb strikes, when he visited those receiving treatment at federal Teaching Hospital in the state capital at the weekend.

Published in the Guardian Newspaper Sunday, July 26, 2015

Agribusiness: Nigeria Earns N472bn From Cocoa, Others

The country earned a total sum of $2.4bn (N472bn) from the exportation of cocoa, rubber, and other non-oil commodities within the 2014 fiscal period, figures obtained from the Nigerian Export Promotion Council have revealed.

Published in the Punch Newspaper Sunday, July 26, 2015

Industry Pulse: NIMASA Gets Another Acting DG

Barely four years after Mr Calistus Obi was appointed as the acting Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), following the removal of Dr Patrick Ziakede Akpobolokemi from office by President Muhammadu Buhari another person has emerged as the acting Director General of the Government agency. He is Mr haruna Baba Jauro.

Published in the This day Newspaper Sunday, July 26, 2015

Agribusiness: AAEUN Canvasses Establishment of Agric Trust Fund

The Sokoto State Chairman of the Agricultural and Allied Employees Union of Nigeria (AAEUN), Alhaji Abubakar Malami, yesterday advocated for the establishment of a special Agricultural Trust Fund in the country.

Published in the This day Newspaper Sunday, July 26, 2015

Agribusiness: Agribusiness Subsidiary Invest in Extraction Cup Technology

Transcorp Plc recently announced that its agribusiness subsidiary Teragro Commodities Limited has acquired and installed extraction cup technology, which instantly enables the company to deliver superior quality juice concentrate that meet international quality standards.

Published in the This day Newspaper Sunday, July 26, 2015

Power: Transcorp Ughelli Power Limited Records Significant Progress

Transcorp Ugheli Power limited, which is the core investor in Ughelli Power Plant, recently reported significant progress towards realizing its plans to rise up the generation capacity of the plant from the current installed capacity of 972 megawatts (MW) to2,200MW in the next three years.

Published in the This day Newspaper Sunday, July 26, 2015

Industry Pulse: Odusile Emerges New NUJ President

Managing director of The Nation Newspaper and contestant for the office of president, Nigeria Union of Journalists (NUJ), Waheed Odusile in the early hours of yesterday beat five opponents to clinch the office.

Published in the This day Newspaper Sunday, July 26, 2015

Youth Employment: Graduatepro’s Audiobook Project To The Rescue Of Job Seekers

Succour has finally come for millions of unemployed youths in Africa as Graduatepro, an audacious audiobook project aimed at addressing unemployment among Africa’s youth population , titled “I’m A Graduate, Now What was last week unveiled in Lagos.

Published in the Vanguard Newspaper Sunday, July 26, 2015

Sustainable Initiative: Banks Increase Provision for Bad Loans in First Half Results

Banks have increased their provisioning for bad loans for the first half (HI) ended June 30, 2015 as a proactive measure given the headwinds in the banking sector and economy generally.

Published in the This day Newspaper Monday, July 27, 2015

Financial Inclusion: Fidelity Bank’s Gross Earnings Rise to N71.9bn

Fidelity Bank Plc has announced a 13.6 per cent growth in its gross earnings, which climed to N71.9 billion in its unaudited half year results for the period ended June 30, 2015, compared with the N63.3 billion recorded in the comparable period of 2014.

Published in the This day Newspaper Monday, July 27, 2015

Industry Pulse: MTN Nigeria’s CMO Wins Ph.D Fellowship Award

The Chief  Marketing Officer of MTN, Bayo Adekanbi, has won a global inter-school Ph.D research competition, which is an initiative driven by the research and development units of several leading global companies, with a common objective of identifying new ideas that wil shape the future.

Published in the This day Newspaper Monday, July 27, 2015

CSR: Etisalat, DigitalSENSE Reward Essay Competition Winners

Etisalat Nigeria and DigitalSENSE Africa Media, at the weekend, presented mouth-watering prizes to three winners of the 2015 edition of the 2015 edition of the Nigeria DigitalSENSE Student’s Essay Competition.

Published in the This day Newspaper Monday, July 27, 2015

Industry Pulse: Ecobank Emerges Best Corporate Bank

Ecobank Nigeria said it has been named winner of the ‘Best Corporate Bank Nigeria 2015’ award by London-based Global Banking and Finance Review Online Magazine, a banking and finance performance review platform.

Published in the This day Newspaper Monday, July 27, 2015

Financial Inclusion: Sterling Bank Deploys BVN Solutions for Customers

Sterling Bank Plc said it has successfully deployed an innovative solution to enable customers who had previously enrolled for their Bank Verification Number (BVN) with other banks to upload same on its platform via their mobile phones.

Published in the This day Newspaper Monday, July 27, 2015

Internet Connectivity: Spectranet Introduces Attractive Offer with Free Gigabytes

Internet Service Provider (ISP), Spectranet 4G LTE, has announced an attractive offer of free 30 Gigabytes (GB) for every new modem purchased on the network even as existing subscribers enjoy rollover of unused data to the next month.

Published in the This day Newspaper Monday, July 27, 2015

ICT: Courteville Business Solutions Posts N251 Million Profit

Courteville Business Solutions Plc, an indigenous provider of information technology, consulting, and business process outsourcing services, has recorded a revenue of N822.2 million for the half year ended june 30, 2015, up 1.9 per cent from N807 million.

Published in the This day Newspaper Monday, July 27, 2015

Entrepreneurial Opportunities: Enactus Nigeria Announces 2015 Entrepreneurship National Competition

Enactus Nigeria has cocluded plans to hold its 2015 entrepreneurship competition for institutions across the country. The premium universities and polytechnics entrepreneurship challenge, which will take place on the 11th and 12th of August 2015, showcases Enactus’ positive contributions to communities in the country.

Published in the Business day Newspaper Monday, July 27, 2015

Partnership: CHI Limited,Tetra Pak Partner To Improve Nutritional Content

With a view to fighting malnutrition amongst children in Nigeria, CHI Limited is partnering Tetra Pak to explore opportunities for feasible food and beverage solutions. The joint initiative will see the two companies develop feasible solutions for providing healthy nourishment for Nigerian children.

Published in the Business day Newspaper Monday, July 27, 2015

Youth Employment: NITDA, CBN to generate 1.2 million jobs through ICT

On going efforts by Federal Government to reduce the spate of unemployment in the country gained a boost as National information Technology Development Agency (NITDA) unveiled plans to generate 1.2 million jobs via Information Communication Technology (ICT).

Published in the Business day Newspaper Monday, July 27, 2015

Industry Pulse: Unity Bank board repositions lender for growth as MD resigns

The Board of directors of unity Bank is repositioning the bank as a major institution to underpin Nigeria’s growth, even as its managing director resigned, this weekend.

Published in the Business day Newspaper Monday, July 27, 2015

Agribusiness: FG partners AGRA, NABG on improved policies for Agribusiness

In the bid to fix the agricultural value chains through public-private investments, Federal Government has launched a Micro Reform for Africa Agribusiness (MIRA) in Nigeria. The initiative which is to be implemented by federal ministry of Agriculture and Rural Development in Partnership with Alliance for a green Revolution in Africa (AGRA) and Nigeria Agribusiness Group (NABG) was aimed at helping micro farmers.

Published in the Business day Newspaper Monday, July 27, 2015

SMEs: SMEs Can Gain More From Corporate Governance

Among numerous factors that cause the failure of most small and medium-sized enterprises is the lack of internal control mechanism to help mitigate risks. Business consultants note that because owner-managers want to have sole control over the business, they often use non-active board members when registering their limited liability companies with the corporate Affairs commission.

Published in the Punch Newspaper Tuesday, July 28, 2015

Health: SEC to support kidney foundation

The Securities and Exchange Commission has pledged its support to efforts to raise funds for the treatment of kidney-related ailments and transplants. The commission pledged its support to the cause when a group, the Julie Donli Kidney Foundation, visited it, a statement from the group said.

Published in the Punch Newspaper Tuesday, July 28, 2015

Industry Pulse: NSE emerges top African regulator

The Nigerian Stock Exchange has been named the African Regulator of The Year at the 6th African Business Leadership forum and Awards, the Exchange said on Monday.

Published in the Punch Newspaper Tuesday, July 28, 2015

Partnership: IT firms, banks collaborate to curb e-payment fraud

The Central bank of Nigeria, some commercial banks and Information Technology security firms, including Winigroup Limited, are currently exploring ways to jointly curb the menace of e-payment fraud.

Published in the Punch Newspaper Tuesday, July 28, 2015

Health: NGO conducts free medical tests in warri

No fewer than 1000 persons in warri,in warri south Local Government Area of Delta State, benefited from the recent free medical tests, conducted by a Non-Governmental Organization (NGO), Respite and support for Diabetics and Hypertensive Initiative. The beneficiaries were tested for diabetes and High blood Pressure (HBP).

Published in the Daily Sun Newspaper Tuesday, July 28, 2015

Youth Employment: Yudala to create over 150 jobs, 500 offline retail stores

The Group Chairman of Zinox Technologies, Mr Leo Stan Ekeh has said that the newly established composite retail chain plans to employ over 150 Nigerians as well as establish 500 stores across major cities and 36 state capitals in the next four years to raise the ante of technology diffusion among all age brackets in Nigeria.

 Published in the Daily Sun Newspaper Tuesday, July 28, 2015

Financial Inclusion: 18m bank customers enrol on BVN platform- NIBSS

The Nigerian Inter Bank Settlement System (NIBSS) has disclosed that over 18 million customers have so far enrolled fir the Biometric Verification Number (BVN) exercise. The Managing Director/Chief Executive Officer of NIBSS, Ade Shonubi, stated this during an interactive session with journalists at the weekend.

Published in the Daily Sun Newspaper Tuesday, July 28, 2015

Industry Pulse: Unity Bank GMD, Semenitari forced to resign

The Group Managing Director of the Unity Bank, Henry James Semenitari, has resigned his appointment, as the board concluded plans to reposition the institution for further growth. Information reaching Daily sun disclosed that the former CEO was forced  to go on leave to pave way for the board to verify some allegations against him over his expensive lifestyle.

Published in the Daily Sun Newspaper Tuesday, July 28, 2015

SMEs: Keeping Economy’s Engine Running

Banks product development and risk management units are becoming more creative on how they fund Small and Medium Enterprises (SMEs). The banks, which have the backing of the central Bank of Nigeria (CBN), are thinking outside the box on their approaches to SMEs financing.

Published in The Nation Newspaper Wednesday, July 29, 2015

Industry Pulse: NSE Wins African Regulatory Of The Year Award

The Nigerian stock Exchange (NSE) has been named the African Regulatory of the Year at the 6th African Business Leadership Forum & Awards which took place in London, United Kingdom (UK).

Published in The Nation Newspaper Wednesday, July 29, 2015

Investment: Pencom Canvasses Investment Of Pension Fund Within Africa

The National Pension Commission (PenCom) is committed to the vision and ideals of the AU Agenda 2063 to promote the investment of accumulated pension fund assets of over N4.7 trillion within the African continent, Director-General of the commission, Mrs. Chinelo Anohu-Amazu, has said.

Published in The Nation Newspaper Wednesday, July 29, 2015

Empowerment: Kwara Disburses N1.2b to MSMEs

Kwara State has disbursed over N1.2b to traders, farmers, as well as artisans inder its empowerment programme, the Governor, Dr Abdulfatah Ahmed, has said. Ahmed who stated this at the opening of Brightway Microfinance Bank at Ilorin, said the money was disbursed through 10 Microfinance Banks across the state.

Published in The Nation Newspaper Wednesday, July 29, 2015

Industry Pulse: Skye Bank Emerges ‘Most Supportive Bank of the Year’

Skye Bank Plc has been named the most supportive Bank in Nigeria by Owena Press Limited, Publishers of the Ondo State owned newspaper, The Hope. The lender won the award during the 2015 Hope Newspaper Award of Excellence held at Blissworld Hotel, Ijapo Estate, Akure, the ondo state capital at the weekend.

Published in The Nation Newspaper Wednesday, July 29, 2015

Health: Why eating red meat can cause bowel cancer

Scientists believe they may have discovered why eating red meat is linked to higher chances of bowel cancer. The pigment that gives a steak or mince its distinctive red colour is to blame, they suggest.

Published in the Guardian Newspaper Wednesday, July 29, 2015

Health: Premature birth associated with introversion in adulthood

People who are born very prematurely or with very low birth weight are at an increased risk of being introverted, neurotic and averse to taking risks as adults, according to the findings of a new study.

Published in the Guardian Newspaper Wednesday, July 29, 2015

ICT: IBM commits $100m to big data technologies for economic growth

Increased investments in relevant new technologies like mobile, cloud and big data analytic that offer advance solutions and services are essential for Nigerian and other West African countries socio economic development.

Published in the Guardian Newspaper Wednesday, July 29, 2015

Energy: Techno to build N3b gas cylinder manufacturing plant in Lagos

Techno oil limited has unfolded plans to build a N3 billion gas cylinder manufacturing plant in lekki area of Lagos State, to ensure full gas utilization in the country.

Published in the Guardian Newspaper Wednesday, July 29, 2015

Investment: Chinese firm to invest $12bn in transmission projects in Nigeria

A Chinese company, State Grid Corporation of China, SGCC, has committed to funding up to $12 billion in electricity transmission projects that will be built for the Transmission Company of Nigeria, TCN), through the Niger Delta Power Holding Company, NDPHC, Limited in the phase two of the National integrated power Projects.

Published in the Guardian Newspaper Wednesday, July 29, 2015

Industry Pulse: Jauro takes over as NIMASA DG

After the drama which saw barrister Calistus Obi briefly acting as Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, the Federal Government has appointed Mr. Haruna Baba Jauro to take over the position in acting capacity.

Published in the Guardian Newspaper Wednesday, July 29, 2015

Fiscal Sustainability: Fidelity Bank grows assets, gross earnings in six months

Fidelity Bank Plc has grown its asset base by N1.19 trillion from N1.18 trillion recorded at the end of the financial year ended December 2014.

Published in the Guardian Newspaper Wednesday, July 29, 2015

SMEs: Unity bank unveils plan to scale up SME, Agric’s contributions

Unity Bank Plc said the resignation of its Managing Director and Chief Executive Officer, Henry James Semenitari, may have opened up new opportunities for it to review and scale up its economic contributions to the country.

Published in the Guardian Newspaper Wednesday, July 29, 2015

Industry Pulse: ISO certifies BOI’s operations, quality management systems

In recognition of its operational efficiency and improved customer relations in Nigeria, the International Organisation for Standardisation (ISO) has certified the Bank of Industry’s processes with the ISO 9001:2008 quality management systems certification.

Published in the Guardian Newspaper Wednesday, July 29, 2015

Infrastructural development: Nike roads in Enugu for rehabilitation

Rehabilitation of about five kilometers of major roads in Nike, Enugu East Local Council of Enugu State is expected to start next month.

Published in the Guardian Newspaper Wednesday, July 29, 2015

Agribusiness: Cocoa farmers associations distributes chemicals to boost production

In its bid to match up with cocoa growing states in Nigeria, the Cocoa Association of Nigeria, Osun state chapter has commenced the distribution of chemicals to boost cocoa production millions of Naira across the state.

Published in the Guardian Newspaper Wednesday, July 29, 2015

Energy: USTDA Partners Firm on $160m Solar Power Project in Kaduna

During Presidents Muhammadu Buhari’s visit to the United States recently, the United States (US) Trade and Development Agency provided a grant to Quaint Global Energy Solutions for a $160 million solar power project being developed in Kaduna.

Published in the Daily Independent Newspaper Thursday, July 30, 2015

Health: First Malaria Vaccine Out After Decades Of Trial

The First Malaria vaccine has received the green light from European regulators, opening the door for vaccination campaigns in Africa.

Published in the Daily Independent Newspaper Thursday, July 30, 2015

Petroleum: Port Harcourt, Warri Refineries Commence Preliminary Production

The Management of the Nigerian National Petroleum Corporation (NNPC) has announced that the Port Harcourt and Warri refineries have been successfully re-streamed after a nine-month phased rehabilitation exercise conducted by its in-house engineers and technicians.

Published in the Daily Independent Newspaper Thursday, July 30, 2015

Energy: Power Generation Hits 4,662 mw

Transmission Company of Nigeria (TCN), Wednesday, disclosed that power generation has again attained a new peak of 4662 megawatts (MW). The new transmission peak is about 6mw different from its last record of 4,656mw attained 13days ago.

Published in the Daily Independent Newspaper Thursday, July 30, 2015

Industry Pulse: Lagos NBA elects new officers

The Nigerian Bar Association NBA, Lagos branch, has elected new officials to run the affairs of the branch for the next two years in which the chairman emerged unopposed for the first time in the history of the association.

Published in the Vanguard Newspaper Thursday, July 30, 2015

SMEs Empowerment: Churches Empowers SMEs in Lagos

The Fragrance of grace International Ministry has expressed its commitment to empowering Small Medium Scale Enterprise (SMEs) in Lagos State through its business advantage series monthly business seminar.

Published in the Vanguard Newspaper Friday, July 31, 2015

ICT: NIMET Improves Weather Information Dissemination with e-SRP

The Nigeria Meteorological Agency (NiMet) has developed a mobile application to communicate its sensational Rainfall Prediction (SRP) to the public at all levels.

Published in the Vanguard Newspaper Friday, July 31, 2015

Industry Pulse: Nigerian Breweries Flags off 7th Golden Pens Award
Nigerian Breweries Plc has announced plans for the 7th edition of its Golden Pen Awards. Informing the media of the plans for the 7th edition of the award , the company’s Corporate Affairs Adviser, Kufre Ekanem said this year’s award would retain same mechanisms used last year.

Published in the Vanguard Newspaper Friday, July 31, 2015

Financial Inclusion: FCMB Group Plc Posts N9.6bn Profit before Tax in six Months

FCMB Group Plc has recorded a growth of 11 percent in revenue for the half year ended June 30, 2015 and ended with a profit before tax (PBT) of N9.6 billion. FCMB recorded revenue of N77.4 billion in 2015, while its total assets growing 15 percent to N1.22 trillion.

Published in the Vanguard Newspaper Friday, July 31, 2015

Industry Pulse: Oyebode Retires as Access Bank’s Chairman

Access Bank Plc yesterday announced the retirement of Mr Gbenga Oyebode, as a director and chairman of the bank. The bank also appointed Mrs Mosun Belo Olusoga as his successor with effect from July 30, 2015.

Published in the Vanguard Newspaper Friday, July 31, 2015

Conference: Vibe Web, CommsWeek set for Blogging/Social Media Marketing Conference

Vibe Web Solutions, (http://vibesolutions.com/) a firm that delivers a full scale marketing solution based on the goals that matter to clients most, and CommunicationsWeek online/offline (http:nigeriacommunicationsweek.com.ng/), are organizing a blogging/social media marketing conference to aid individuals make best use of their platforms.

Published in the Guardian Newspaper Friday, July 31, 2015

Employment Opportunities: Microsoft Vows to Create 100,000 Job Opportunities by Year End

Microsoft is aiming to create over 100,000 job opportunities and reach over seven million people across the Middle East and Africa by the end of the year through its Employ-ability Platforms, in partnership with organisations from public and private sectors, as well as NGOs.


Published in the Guardian Newspaper Friday, July 31, 2015

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