Friday, 14 August 2015

CSR News Summary Issue 113

Agriculture: N474 Billion On Rice Importation Not Good For Nigeria

The Former Chairman, Agriculture, Non- oil Export Trade Group, Lagos Chamber of Commerce, industry, Mines and Agriculture (LACCIMA), Dr. Godwin Oyedeji, has called on all tiers of government to put measures in place to boost production of rice locally to curtail excessive importation of the item.

Published in the Vanguard Newspaper Sunday, August, 9, 2015

Petroleum: PH Refinery To Resume Production Of Petrol This Week

Hope for Nigeria’s less-dependent on imported petroleum products has been renewed as the Port Harcourt Refinery will this week resume full production of petrol, when Chrome Oil Services Limited would have completed the rehabilitation of Area 3, where petrol, Liquefied Petroleum Gas (LPG) and other lighter products are produced.

Published in the This Day Newspaper Monday, August, 10, 2015

Industry Pulse: OAAN Elects New President

The Outdoor Advertising Association of Nigeria (OAAN), has elected the Chief Executive Officer of Media View Limited, Mr Babatunde Idowu Adedoyin as the new president of the association.

Published in the This Day Newspaper Monday, August, 10, 2015

Endorsement: Lagos Government Endorses Vitafoam’s New Products

The Lagos State Government has commenced the management of Vitafoam Nigeria Plc on its innovativeness by introducing two unique products to prevent nursing mothers from the hazards of breast feeding.

Published in the This Day Newspaper Monday, August, 10, 2015

Financial Inclusion: Enterprise Bank Introduces New Savings Account

Not for profit organisations in the country now stand the chance of growing their savings when they open and operate the Enterprise Association Savings Account (EASA), an interest-bearing account, specially developed by Enterprise Bank Limited to satisfy the financial needs of that segment of its customers.

Published in the This Day Newspaper Monday, August, 10, 2015

Fiscal Sustainability: Niger Insurance Announces N11.06bn Premium

Niger Insurance Plc recorded gross premium of N11.06 billion in 2014. This, according to the company, represents six percent growth against N10.44 billion recorded in 2013.

Published in the This Day Newspaper Monday, August, 10, 2015

Financial Inclusion: FCMB Launches Platform for Airtime Purchase

First City Monument Bank (FCMB) Limited has unveiled a self-service, known as Quick Recharge, which allows all its customers to top-up their mobile phones instantly on any of the Global System for Mobile (GSM) networks.

Published in the This Day Newspaper Monday, August, 10, 2015

Industry Pulse: DEAP Capital Management Repositions, Appoints New Directors

DEAP Capital Management & Trust Plc is re-positioning for better, as the shareholders have appointed a new board of directors with a clear mandate to return the company to profitability.

Published in the This Day Newspaper Monday, August, 10, 2015

SMEs: EDC announces 9th SME conference

The 9th Annual SME Conference of the Enterprise Development Center (EDC), comes up on September 10, 2015. The conference, themed, “SMEs: the Emerging Horizon” is slated to commence at 9a at the Federal Palace Hotel, Victoria Island, Lagos State.

Published in the Business Day Newspaper Monday, August, 10, 2015

Partnership: Agencies Partner On Automation Of Birth, Death Registration

Infrastructure Concession Regulatory Commission (ICRC) and National Population Commission (NPC) are to commence the process for the automation of the national data on deaths, births, marriages, stillbirths in the country via Public Private Partnership (PPP) arrangement. 

Published in the Business Day Newspaper Monday, August, 10, 2015

SME Empowerment: BOI disburses N497m to SMEs in Niger State

Rasheed Olaoluwa, the Managing Director, Bank of Industry(BOI) has put the loan disbursement to entrepreneurs under its Micro Small and Medium Enterprises Fund (MSME) in Niger State at N497million.

Published in the Business Day Newspaper Monday, August, 10, 2015

Partnership: Stakeholders Partner To Spike $600m Ceramics Industry

Nigeria’s ceramics industry has received a boost as Epina Technologies finalizes a partnership with the Federal Institute of industrial research, Oshodi, to boost sector and the country’s industrial development.

Published in the Business Day Newspaper Monday, August, 10, 2015

Education: WAEC withholds results of candidates in 13 states over N4bn debt

The West African Examinations Council (WAEC) yesterday, released the results of the May/June 2015 West African Senior School Certificates Examination (WASSCE) taken by 1.6million candidates, in which only 39 percent obtained five credits, including English and Mathematics.

Published in the Daily Sun Newspaper Tuesday, August, 11, 2015

Industry Pulse: LCCI honours Exchange for promoting best practice

The Nigerian Stock Exchange has received the 2015 Award for promoting Best Practice Reporting and Corporate Disclosure from the Lagos Chamber of commerce and Industry.

Published in the Punch Newspaper Tuesday, August, 11, 2015

Industry Pulse: Heritage Bank Gets International Recognition

Heritage Bank Limited says it has received the ISO/INEC 27001:2013 certification, making it the first local bank to get the award in less than three years of operation. The lender said the certificate was in recognition of its commitment to effective and secured financial system.

Published in the Punch Newspaper Tuesday, August, 11, 2015

Internet Connectivity: Glo Wi-Fi Connects 300,000 Hotspots

GLOBACOM’S Wi-Fi roaming will provide data connections for its subscribers through as many as 300,000 Internet hot-spots spread over 42 countries, it was gathered on Monday. The telecommunications company, therefore, said that subscribers on its network could now experience continuous data connections in and out of Nigeria without switching networks.

Published in the Punch Newspaper Tuesday, August, 11, 2015

Sustainable Development: Diversification Of Economy Key To Sustainable Development

Chief Executive officer, Techno Quip Limited, Mr Samson Makinwa has urged President Muhammadu Buhari to fulfill his promise to diversify the economy, arguing that with a significant percentage of mineral resources in the country, there is no reason for it to be poor.

 Published in The Nation Newspaper Wednesday, August, 12, 2015

SMEs Empowerment: Skye Bank Supports SMEs

Skye Bank has held its Small and Medium Enterprises (SMEs) seminar in Kano to share new business methods with operators. On the occasion, the bank pledged its support to the manufacturing sector as a veritable catalyst of change and harbinger of economic development.

Published in The Nation Newspaper Wednesday, August, 12, 2015

Industry Pulse: NSE Wins LCCI’s Award On Best Practice

The Lagos Chamber of Commerce & Industry (LCCI) has conferred its Award for promotion of Best Practice Reporting and Corporate Disclosure on the Nigerian Stock Exchange (NSE).

Published in The Nation Newspaper Wednesday, August, 12, 2015

SMEs Empowerment: SMEs To Get £3.5m

Some Small business may be given a cash injection thanks to GEMS4 £3.5 million matching Challenge fund, a United Kingdom sponsored project that focuses on developing business leaders and ideas along various sectors of the economy.

Published in The Nation Newspaper Wednesday, August, 12, 2015

Empowerment: Foundation Empowers 150 Artisans

No fewer than 150 men and women have graduated from the vocational training by the Chris Okafor Foundation (COF). The grandaunts, who were trained in various vocations, also got N50,000 each to start their business.

Published in The Nation Newspaper Wednesday, August, 12, 2015

Industry Pulse: Unity Bank Appoints Somefun MD

The board of Unity Bank Plc yesterday appointed Mrs Oluwatomi Somefun as the new managing director. She is taking over from Mr. Henry semenitari, whose resignation took effect also yesterday.

Published in The Nation Newspaper Wednesday, August, 12, 2015

Education: Why ASUU, ASUP differ on scrapping of JAMB

A Groundswell of reactions from a wide spectrum of stake holders in the education sector, including teachers, has continued to greet the recent call for the scrapping of the Joint Admissions and Matriculation's Board (JAMB) on the ground that it has lost its relevance.

Published in the Guardian Newspaper Wednesday, August, 12, 2015

Eko Disco Reengineers, To Procure 140,000 New Meters

Eko Electricity Distribution Plc (EKEDP) has announced a corporate restructuring plan, which will maximally boost electricity distribution mandate to the public. It noted that the new plan, which included the procurement of 140,000 new meters, is expected to improve efficiency, customer service and value to its numerous customers.

Published in the Guardian Newspaper Wednesday, August, 12, 2015

Youth Employment: NITDA projects 10,000 jobs in 2016 through BPO

With Nigeria’s position as the largest economy in Africa, the Director General (DG), National information Technology Development Agency (NITDA), Peter Jack is Optimistic that Business process Outsourcing will create over 10,000 jobs in 2016.

Published in the Guardian Newspaper Wednesday, August, 12, 2015

Internet Connectivity: MTN rolls out HyNetLTE for high-speed broadband across Lagos

As part of its efforts to drive its Bold New Digital World vision through the delivery of business-enabling solutions and technology, MTN Business has rolled out its enhanced broad-band Internet service, MTN HyNetLTE, across Lagos.

Published in the Guardian Newspaper Wednesday, August, 12, 2015

Petroleum: Cross River Inaugurates Fynefield’s  N3b Petroleum Facility

Petroleum Products supply in the country has received a major boost as the Cross River State Governor, Prof. Ben Ayade and his Delta State counterpart, Dr. Ifeanyi Okowa at the weekend inaugurated Fynefield Petroleum FXE’s 40 million-litre capacity ultra-modern petroleum products depot located at the Calabar free Trade Zone in Cross River State.

Published in the Guardian Newspaper Wednesday, August, 12, 2015

Energy: Nigerian Gas Life Index Now Stands At 79 Years

The life index of Nigeria’s gas as at January 1, 2015 stood at 79 years, according to the United States Geographical Survey, USGS. This is a measure of how long the nation’s current gas reserves could last.

Published in the Guardian Newspaper Wednesday, August, 12, 2015

Industry Pulse: Anishere Elected WIMAFRICA Vice President

The President of Women International Shipping and Trading Association (WISTA Nigeria), Mrs Jean Chiazor Anishere has been elected 1st vice president of Women in Maritime in Africa (WIMAFRICA).

Published in the Guardian Newspaper Wednesday, August, 12, 2015

Industry Pulse: Stanbic IBTC Pensions Emerges Best PFA

Stanbic IBTC Pension Managers Limited has been named the best Pension Fund Manager in Nigeria in the Global Banking & Finance Review Awards.

Published in the Daily Independent Newspaper Thursday, August, 13, 2015

Industry Pulse: Fidelity Emerges SME Lender of the year 2015

The Lagos Chamber of Commerce and Industry, LCCI has adjudged Fidelity Bank the SME Lender Bank of the year 2015. The declaration was made in Lagos at an award ceremony to recognize deserving corporate organizations that have made significant contributions towards the advancement of the economy.

Published in the Vanguard Newspaper Thursday, August, 13, 2015

Youth Empowerment: Honeywell Graduates 9th Class Of Excellence Programme

The Honeywell Excellence Programme, HEP, has produced set 9 of trainees. The programme inaugurated in 1993, was borne out of the vision of the Group’s Chairman, Dr Oba Otudeko to provide a platform for young Nigerian graduates to hone their business management skills by providing them with comprehensive training in business management principles over a 12 month period.

Published in the Vanguard Newspaper Thursday, August, 13, 2015

CSR: NEMA Distributes Delivery, Maternal Kits To Borno Idps

The National Emergency Management Agency (NEMA) has distributed free delivery and maternal kits to 410 pregnant women in Internally- Displaced Persons (IDPs) camps in Borno State as part of its effort to prevent any child and maternal mortality among displaced persons in the North-East sub-region of the country.

Published in the Guardian Newspaper Friday, August, 14, 2015

Investment: Venture Garden Nigeria gets $20m Investment Fund from CPCIF

Convergence Partners has announced an investment of $20m by the Convergence Partners Communications Infrastructure Fund (CPCIF) for a strategic, minority stake in Venture Garden Nigeria (VGN), a diversified fintech company with significant operations in Nigeria.

Published in the Guardian Newspaper Friday, August, 14, 2015




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