CSR News Summary Issue 122

#Economy: ACCIL, Unilever Partner on Economic Growth, Employment Creation

The Abuja Chamber of Commerce and Industry Limited (ACCIL) has sealed a deal with Unilever Nigeria Plc and high profile business establishments to help grow the nations’ economy.

     

Published in Thisday Newspaper on Monday, 26^th October, 2015

Stakeholders Action: Stakeholders Seek Linkages of Local Content to Nigerian Economy

Experts in Nigeria’s oil and gas industry have called on the Nigerian Content Development and Monitoring Board (NCDMB) to move a step further and ensure that the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act of 2010 would generate direct benefits to the larger economy of Nigeria.

Published in Thisday Newspaper on Monday, 26^th October, 2015

#Investment: Private sector tasked on capacity development to boost experts

Private sector operators have been tasked to invest and develop capacity in order to create services that are exportable to other African countries and beyond.

 

Published in Business Day Newspaper on Monday, 26^th October, 2015

Industry Pulse: Lagos Chamber of Commerce strengthens membership, admits 160 firms

Lagos Chamber of Commerce and Industry, LCCI established in 1888 with the objectives to create and facilitate commercial and industry opportunities and promote the interest of its members and business community has admitted 160 new firms as members.

Published in Business Day Newspaper on Monday, 26^th October, 2015

#MSMEs: Fidelity provides solutions to SMEs funding challenges

Fidelity Bank plc has identified key remedies to the challenge of access to finance faced by Small and Medium Enterprises (SMEs).

These include capturing clear business model or concept in the business plan, clear marketing and sales strategy, competent and experienced management, clear competitive advantage and strong financials.

Published in Business Day Newspaper on Monday, 26^th October, 2015

#MSMEs: Vodacom, CISCO identify role of technology in SME’s growth

Nigeria’s small and medium scale enterprises, which employs about 84.02 percent of Nigeria’s labour force and contributes about 48.47 percent to the nations GDP could do better and grow rapidly with unified communications, technology experts have said.

Published in Business Day Newspaper on Monday, 26^th October, 2015

#Corporate Governance: The corporate governance rating system

Licensed under the Investments and Securities Act to provide listing, trading and licensing services as well as market data solutions among others, and in recognition of the importance of corporate governance as an essential tool for long-term growth, sustainability and value creation, The Nigeria Stock Exchange (NSE) encourages listed companies and dealing member firms to adopt global best practise by implementing strong regulatory reforms.

Published in Business Day Newspaper on Monday, 26^th October, 2015

#Agric: New technologies are transforming African agriculture – AfDB

President of the African Development Bank (AfDB), Akinwumi Adesina, says African Farmers are effectively using mobile telephone technology to eliminate middlemen in market prices of farm produce.

Published in Business Day Newspaper on Monday, 26^th October, 2015

#MSMEs: Women entrepreneurs decry difficult access, stringent conditions attached to MSMEs loans

Women entrepreneurs under the aegis of NACCIMA Business Women Group (NAWORG) have decried hindered access and stringent conditions attached to loans granted to micro, small and medium-scale enterprises (MSMEs) operating in Nigerian economy, saying the two-digit interest rates attached to MSMEs loans are unfavourable to economic development.

Published in Business Day Newspaper on Monday, 26^th October, 2015

#Philanthropy: Rotary donates $6.9m to keep Nigeria polio-free

On the heels of historic success against polio in Nigeria and across the continent of Africa, Rotary has donated an additional US$6.9 million boost to Nigeria to support immunisation activities and surveillance spearheaded by the Global Polio Eradication Initiative.

Published in Daily Sun Newspaper on Tuesday, 27^th October, 2015

#Event: Udom opens summit on how to jump-start business in Akwa Ibom

Business moguls in the country would, today, arrive in Uyo, Akwa Ibom State to brainstorm on ways of accelerating private entrepreneurship in the state.

The business summit, which is a brainchild of the Akwa Ibom Organised Private Sector Association (AKOPSA), aimed at creating business awareness in the state will be declared open by Governor Udom Emmanuel.

Published in Daily Sun Newspaper on Tuesday, 27^th October, 2015

#Award: National Cowbell Mathematics bronze medal goes to Attwool

The journey to becoming a bronze medallist during the celebration of the Cowbell Mathematics Competition winners was, for Deborah Ajao, a student of Attwool School, a challenging one.

Going through the rigours of preparing for the competition was not an easy one, she admitted. “The competition was not easy at all. Getting ready was equally tedious. Except with the help of my Math teacher, I’m not sure I would have been willing to attempt it in the first place”, she confessed.

Published in Daily Sun Newspaper on Tuesday, 27^th October, 2015

#Philanthropy, Help for the helpless: Queens College Old Girls donate computer room to visually impaired students

History was made recently when Class’ 79 of Queens College Old Girls Association (QCOLA) donated a computer resource room to the visually impaired students of Queen College, Yaba, Lagos.

Known as “Rebecca Room”, the computer workroom installed with special software designed for the visually impaired, was dedicated in honour of one of the Old Girls of the ’79 Class, late Mrs. Rebecca Adeniji, a visually impaired.

Published in Daily Sun Newspaper on Tuesday, 27^th October, 2015

#CSR: Total promotes healthy living in Rivers community

…Screen resident, educates them on good health

Residents of Rumuogba community in Rivers State have expressed gratitude to the multinational oil company, Total E&P, for caring about their health. Recently, the company through the “2015 health living awareness programme for the host communities”, carried out medical tests and educated the people on healthy living, how to prevent some common disease, physical fitness, among others.

Published in Daily Sun Newspaper on Tuesday, 27^th October, 2015

#Philanthropy: Army gives free medical services to Akwa Ibom community

Apart from protecting and guiding its territorial integrity, providing security for lives and property, and leading the war against insurgency in the country, the Nigerian army is also rending humanitarian services.

Published in Daily Sun Newspaper on Tuesday, 27^th October, 2015

Stakeholder Action: Ogun residents, traders cry out over bad roads

Resident of Atan-Ota Lusade and Igbese in the Ado-Odo/Ota Local Government Area of Ogun State say the bad state of roads leading to the communities have made living in the area a nightmare.

The lamented that the roads had turned decrepit as a result of floods just as traders in the communities said the situation had taken a toll on their sales.

Published in Punch Newspaper on Tuesday, 27^th October, 2015

#Investment: W’Bank provides N39bn guarantee for Nigerian gas

The Multilateral Investment Guarantee Agency, the political risk insurance and credit enhancement arm of the World Bank Group, along with Seven Energy International Limited, has announced its first engagement in Nigeria’s gas sector.

Published in Punch Newspaper on Tuesday, 27^th October, 2015

#Investment: Manufacturing investment drops by N1.39tn

Investment in the manufacturing sector dropped by N1.39tn in one year, according to data obtained from the commissioner at the revenue agency.

Published in Punch Newspaper on Tuesday, 27^th October, 2015

#Stakeholder Action: Stakeholders insist on fuel subsidy removal

Stakeholders in the country’s downstream sector have insisted that due to fall in crude oil prices which has resulted in decline in revenue generation, the Federal Government has to remove subsidy on petroleum products.

Published in Guardian Newspaper on Wednesday, 28^th October, 2015

#Awards: World Quality Day holds Nov 15

To create awareness on the importance of quality management, the African Quality Insurance in collaboration with the World Quality Alliance, is set to hold the World Quality Day, 2015 and Awards on November 12^th 2015, at the Nicon Luxury, Abuja.

Published in Guardian Newspaper on Wednesday, 28^th October, 2015

#Economy: Survey rates Nigeria, Kenya’s economic prospect high 

AMID the gloomy forecast for global economy, an emerging affluence may soon be sweeping across Asia and Africa, with Nigeria and six other countries taking the lead.

Indeed, a survey revealed that new confidence about markets’ growth prospects, expected income rise, clear spending plans, and high optimism in achieving long-term wealth goal, would hallmark the economies of Nigeria and Kenya in particular.

Published in Guardian Newspaper on Wednesday, 28th October, 2015

#MSMEs: Vodacom task Nigeria’s 17m SMEs on unified communication for growth

For higher and improved productivity, the Small and Medium scale Enterprises in Nigeria, may need to invest in Unified Communications (UC) solution.

The UC is seen as an enabler for business development.

Currently, the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) puts the country’s SMEs’ at about 17 million.

Published in Guardian Newspaper on Wednesday, 28^th October, 2015

#CSR: Total restates commitments to welfare of host communities

Total Group in Nigeria has restated its commitment to Corporate Social Responsibility (CSR) programmes targeted at improving the welfare of its host communities.

The company recently donated hi-tech HIV/AIDS screening equipment and reagents to the Bwari General Hospital in the Bwari Area Council of the FCT.

Published in Guardian Newspaper on Wednesday, 28^th October, 2015

#Energy: Kachikwu raises hope on refineries

Apparently unsatisfied with status of Nigerian refineries, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu, has reviewed the business model of the facilities for better efficiency.

Published in Guardian Newspaper on Wednesday, 28^th October, 2015

#Energy: How oil revenue got diverted to private pockets

International concern is mounting over the mismanagement of Nigeria’s oil industry funds, with the corruption watchdog, Global Witness, urging the help of the United Kingdom to recover funds lost by Africa’s leading oil and gas producer in the famous but controversial Malabu oil deal.

Published in Guardian Newspaper on Wednesday, 28^th October, 2015

#IndustryPulse: Dangote refinery to meet 2018 deadline

The proposed Dangote’s refinery, with capacity to refine 650,000 barrels? of crude oil per day, will be completed in 2017 and Will commence full operations in 2018 – its set deadline, the company has said.

Published in Guardian Newspaper on Wednesday, 28^th October, 2015

#IndustryPulse: Total appoints new Executive Directors

Total E&P Nigeria Ltd has announced the appointment of Mr. Victor Bandele as Executive Director, Joint Ventures District, and Mr. Patrick Olinma as Executive Director, Oil & Gas Commercial, with effect from September 1, 2015.

Published in Guardian Newspaper on Wednesday, 28^th October, 2015

#StakeholderAction, Oil Contamination: Ogoni raise alarm over food shortage in communities

As the United Nations marked World Food Day recently, the Ogoni socio-cultural group, Movement for the Survival of the Ogoni People, MOSOP, raised the alarm over what it described as “deepening food crisis occasioned by decades of h y d r o c a r b o n contamination of the Ogoni environment.

Published in Guardian Newspaper on Wednesday, 28^th October, 2015

 

#Philanthropy: DESOPADEC Chief donates buses to Gbaramatu, Ogulagha Kingdoms

The Commissioner representing Izon nation in the Delta State Oil Producing Areas Development Commission, DESOPADEC, has donated two 18-seater buses to Gbaramatu and Ogulagha Kingdom.

He made the donation during a recent visit to consult with traditional rulers in Warri and Ijaw communities in Delta State.

Published in Guardian Newspaper on Wednesday, 28^th October, 2015

#Award: LADOL get five awards

LAGOS Deep Offshore Logistics Base (LADOL) has emerged winner of the Sub-Saharan African regional free zones award and Winner of the Large Tenants award for Africa, in fDi magazine’s Global Free Zones of the Year 2015.

Published in Guardian Newspaper on Wednesday, 28^th October, 2015

#Investment: Firms to build $1b set-top-box factory

An indigenous firm, Media Concepts International Limited (MCI) and its South Korean technical partner, KAON Media, have signed a deal to set up a factory in Nigeria to manufacture the set-top-boxes (STBs) that will be needed for the realisation of the analogue to digital switch over billed for 2017.

Published in The Nation Newspaper on Wednesday, 28^th October, 2015

#Stakeholders Action: Community, firm at war over destruction of farms, roads

The citing of companies in communities is supposed to be a thing of joy to residents of such communities. This is so because, apart from providing employment opportunities for people of the surrounding communities, residents also enjoy some amenities that make life a little more comfortable for them. That is if the companies are committed to their corporate social responsibility to the communities and residents.

Published in The Nation Newspaper on Wednesday, 28^th October, 2015

#Philanthropy: 300 students get lawmaker’s bursary

A member of the Ondo State House Assembly, representing Owo State Constituency II, Hon. Musa Mukaila has disbursed bursary to 300 students from Owo Local Government Area of the state.

Mukaila, who is the Assembly’s Minority Leader, said the gesture which he said will be coming on regular intervals, was to assist the students financially in their academic careers.

Published in The Nation Newspaper on Wednesday, 28^th October, 2015

#IndustryPulse: Transcorp records N7.2b pre-tax profit in Q3

TRANSNATIONAL Corporation of Nigeria Plc (Transcorp) witnessed a top-down decline in performance in the third quarter as the group struggled with decline in its hospitality and tourism business.

Published in The Nation Newspaper on Wednesday, 28^th October, 2015

Economy: Entrepreneur call for economic diversification 

ENTREPRENEURS have called for the diversification of the Nigerian economy, especially the development of large agricultural potential, to aid economic growth and stability.

Published in The Nation Newspaper on Wednesday, 28^th October, 2015

#IndustryPulse: NIPOST honours workers, customers

The Lagos Mainland Territory of Nigeria Postal Service has honoured two of its customers, six of its staff and Chidera Ifinta, a third place winner of 2015 UPU Letter Writing Competition for young people.

Published in Punch Newspaper on Tuesday, 20^th October, 2015

#Agric: Benue State invest N87m in rice production

As part of effort to boost local production and marketing of rice and cassava, Benue State Government has released the sum of N87 million as counterpart fund to the International Fund for Agricultural Development (IFAD) funded Value Chain Development Programme (VCDP).

Published in The Nation Newspaper on Wednesday, 28^th October, 2015

#Energy: Duke  Energy stakes $4.9b on Piedmont Natural Gas

Duke Energy Corp, the largest U.S. power company by generation capacity, said it would buy Piedmont Natural Gas Co for $4.9-billion (U.S.) in cash, helping expand its natural gas distribution business.

Published in The Nation Newspaper on Wednesday, 28^th October, 2015

#Business: Nigeria is 169 in World Bank’s doing business report

The World Bank has ranked Nigeria 169 of 189 countries in its latest report on the ease of doing business globally.

This is contained in a statement made available to newsmen by the Head of Communications, World Bank Nigeria, Mr. Obadiah Tohomdet, yesterday in Abuja.

Published in The Nation Newspaper on Wednesday, 28^th October, 2015