Friday, 4 December 2015

CSR News Summary Issue 123

#Award: NCS Confers Fellowship Award on SGF, 19 Others

Secretary to the Government of the Federation (SGF), Babachir Lawal, was among the 19 members of the Nigeria Computer Society (NCS), conferred with the Professional Fellowship Award, at this year’s National Information Technology Merit Awards (NITMA), organised annually by the NCS.
     
Published in the Thisday Newspaper on Monday, 30th November, 2015

#IndustryPulse: Abdella Emerges New Regional Director for Microsoft 4Afrika

Microsoft has announced Amrote Abdella as the new regional director for Microsoft’s 4Afrika Initiative, effective October 2015.

Published in the Thisday Newspaper on Monday, 30th November, 2015

#Award: AXA Mansard Legal Team Wins Award

AXA Mansard Insurance Plc recently emerged winner of the 2015 ESQ Nigerian Legal awards as its legal team clinched the Best In-house legal Team Award in the Insurance category.
  
Published in the Thisday Newspaper on Monday, 30th November, 2015

#MSMEs: InvestmentOne VenCap MD Identifies SMEs as Growth Engines

The Managing Director of Investment One VenCap, the private equity / venture capital subsidiary of Investment One Financial Services Limited, Dr. Ore Sofekun, has said for Nigeria to achieve the desired economic growth, there must be a shift from being a consuming nation to a producing nation.

Published in the Thisday Newspaper on Monday, 30th November, 2015

#MoU: FAAN, ACI Sign MoU to Boost Manpower

Airport Council International (ACI) and the Federal Airports Authority of Nigeria (FAAN) have signed a Memorandum of Understanding (MoU) for manpower development.

Published in the Thisday Newspaper on Monday, 30th November, 2015

#Governance: Firms Urged to Adopt Corporate Governance to avoid Business Failures

A Professor of Corporate Governance, Pan-Atlantic University (PAU), Fabian Ajogwu, has emphasized the need for organisations to comply with corporate governance and ethics saying that failure to do so will lead to business failure with catastrophic consequences.

Published in the Thisday Newspaper on Monday, 30th November, 2015

#Stakeholder Action: Protesters Call for Paris Climate Change Action

Hundreds of thousands of people yesterday marched across the world to demand action to stop climate change, with a similar protest in Paris being marred by violence.

Published in the Thisday Newspaper on Monday, 30th November, 2015

#Investment: Investors stay away from equities over hazy economy

The Nigerian economy is still hazy and investors remain uncertain where it is heading and this has continued to reflect on the numbers at the Nigerian Stock Exchange (NSE) where investors bet on listed stocks are being reduced.

Published in the Business Day Newspaper on Monday, 30th November, 2015

#Infrastructure: Nigeria gains big in $328bn infrastructure funding

Nigeria significantly increased its share of funding from development funding institutions (DFIs) over a five period to 2014, underlining its economic potential as well as need for infrastructure, as commodity prices dropped dramatically.

Published in the Business Day Newspaper on Monday, 30th November, 2015

#Agric #Philanthropy: Programme Green training 600,000 Nigerian farmers

The Global Programme Green Innovation Centre for the Agriculture and Food sector, a programme of the German government in Nigeria is currently embarking on training 600,000 farmers in the country on modern cropping techniques and competences.

Published in the Business Day Newspaper on Monday, 30th November, 2015

#Power #Investment: Abuja Disco invests N3bn legacy projects rehabilitation

Abuja Electricity Distribution Company (AEDC) at the weekend said its huge investments had brought radical changes to the distribution of electricity in its franchise area since November 1, 2013, when the Nigerian power sector was handed over to private investors.

Published in the Business Day Newspaper on Monday, 30th November, 2015

#MoU: Delta FADE sign MoU on green environment

As parts of efforts to roll back climate change and protest the environment, Delta State Government yesterday signed a Memorandum of Understanding (MoU) with a non-governmental organisation, Fight Against Desert Encroachment (FADE).

Published in the Daily Sun Newspaper on Tuesday, 1st December, 2015

#Industry Pulse, Post-trade allocation: NSE, CSCS commence post-trade allocation today

The Nigerian Stock Exchange (NSC) and Central Securities Clearing System (CSCS) Plc today commence post-trade allocation service to the operators of the Nigerian capital market especially the custodians and the stockbrokers to the custodians. This was made know at a meeting held among market participants in Lagos recently.

Published in the Daily Sun Newspaper on Tuesday, 1st December, 2015

#Power: Firms to build refineries in Lagos, Ondo

ODE-AYE Refinery Limited has concluded plan to establish Greenfield and modular refineries in the country in the next 18 months.

The company’s Director, Prince Bayo Otulana, said in Uyo on Monday that the refineries would be located in Ondo and Lagos state.

Published in the Punch Newspaper on Tuesday, 1st December, 2015

#Investment: Guinness plans investment to expend business

GUINNESS Nigeria Plc, a subsidiary of Diageo Plc, has said it will continue to strengthen its business through significant investments in manufacturing processes, local content development, product innovation, technology and capacity building.

Published in the Punch Newspaper on Tuesday, 1st December, 2015

#ICT: Indigenous companies’ll drive ICT growth, says expert

An Information and Communications Technology expert, Mr. Chijioke Eke, has stated that the future of ICT development in the country lies squarely on indigenous companies.

Published in the Punch Newspaper on Tuesday, 1st December, 2015

#ICT: NCC targets 25% ICT contribution to GDP

THE Nigerian Communications Commission said on Thursday that it was working to ensure that the Information and Communications Technology sector contributed more than 25 per cent to the nation’s Gross Domestic Product by 2025.

Published in the Punch Newspaper on Tuesday, 1st December, 2015

#Infrastructure: Nigeria seeks $14b to revive Lake Chad, rehabilitate communities

FOLLOWING the dwindling fortunes of the sahel area, Nigeria has appealed to the G7 and the United States for financial assistance to meet the high technological expertise and infrastructure needed to revive the Lake Chad.

Published in the Guardian Newspaper on Wednesday, 2nd December, 2015

#Stakeholder Action: Workers’ protest shuts BUA’s operations

“We’re committed to employees’ welfare, say firm”

THERE was pandemonium yesterday at the head office of Nigerian conglomerate, BUA Group, following protest by irate workers, which led to the shutting down of the company’s activities.

Published in the Guardian Newspaper on Wednesday, 2nd December, 2015

#Award: IBMN holds honourary awards Dec ll

ALL is set for the Nigerian Brand Directors’ Summit 2015 and Honorary Fellowship Awards to the members of Institute of Brand Management of Nigeria (IBMN) who have been exceptional in their businesses.

Published in the Guardian Newspaper on Wednesday, 2nd December, 2015

#Stakeholder Action: Stakeholders seek bail out for NDDC abandoned projects

DEVELOPMENT partners have urged the Federal Government to grant bail out fund to the Niger Delta Development Commission (NDDC) in order to complete its numerous abandoned projects in the Niger Delta.

Published in the Guardian Newspaper on Wednesday, 2nd December, 2015


#Power: Lagos power plants attains 85 per cent capacity utilisation


THE operator of Egbin power plant in Lagos State, KEPCO Energy Resource Limited (KERL), has injected N46 billion in the facility since it took over in November 2013, pushing the plant’s capacity utilisation to 85 per cent.

Published in the Guardian Newspaper on Wednesday, 2nd December, 2015

#Power: Tariffs, market reforms, infrastructure to impact power sector by 2020, says PWC

COST reflective tariffs, market reforms, badly maintained infrastructure, access to primary energy resources and skills have been identified as major challenges that are most likely to impact the Nigerian power sector by 2020, according to Chief Executive Officers (CEOs) of power and utilities companies in the country.

Published in the Guardian Newspaper on Wednesday, 2nd December, 2015

#SDGs: Airtel boss urges concerted efforts to realise SDGs

FOR Nigeria to endure and ensure the realization of the Sustainable Development Goals (SDGs), there is need for concerted efforts by government, organisations and authorities to transform our markets on both how we produce and consume.

Published in the Guardian Newspaper on Wednesday, 2nd December, 2015

#Power: Huawei to partner Nigerian manufacturers on reliable power supply  

HUAWEI has declared its willingness to partner with Nigerian Meter manufacturers through technology exchanges for a healthy industry ecosystem and improve power supply in the country.
Published in the Guardian Newspaper on Wednesday, 2nd December, 2015

#Technology: NeFF pledges sustained fight against e-fraud in 2016

THE Nigeria Electronic Fraud Forum (NeFF) said it will sustain it fight against electronic fraud (e-fraud) in the country in 2016, by increasing collaboration and knowledge sharing among members.

Published in the Guardian Newspaper on Wednesday, 2nd December, 2015

#Energy: NNPC refineries to supply 30% local fuel requirement Q1 2016


The Federal Government plans for the local refineries to produce up to 30% percent of the nation’s requirement for the premium motor spirit, PMS – popularly known as petrol or gasoline – by the first quarter of 2016, a top refinery official has said.

Published in the Guardian Newspaper on Wednesday, 2nd December, 2015

#Power, Electrification: Agency commission made-in-Nigeria propeller turbines

The National Agency for Science and Engineering Infrastructure, NASENI, has developed the propeller turbine technology for local power generation, part of its contribution to rural electrification in the country.

Published in the Guardian Newspaper on Wednesday, 2nd December, 2015

#Stakeholder Action: Stakeholder introduce anti-corruption clause for shipping contracts


THE largest international shipping association, Baltic and International Maritime Council (BIMCO), has launched an anti-corruption clause for shipping contracts worldwide.

The association explained that the new clause will give owners and charterers a contractual platform for cooperative action to resist demands for illegal payments from port officials and others.

Published in the Guardian Newspaper on Wednesday, 2nd December, 2015

#Industry: ‘Agribusiness, manufacturing to drive Nigeria’s growth by 2020’


IF the potential of Nigeria’s youth population is properly harnessed for productivity in the nation’s agribusiness, extractive industries and manufacturing sectors, the sectors can aid the realisation of the nation’s projected growth by 2020, latest Forbes report on entrepreneurship has shown.

Published in the Guardian Newspaper on Wednesday, 2nd December, 2015

#MoU: SON, NAGAFF seal pact on reduction of sub-standard goods’ import


TO make its 2016 target of 15 per cent decline in sub-standards goods achievable, the Standards Organisation of Nigeria (SON) and the National Association of Government Approved Freight Forwarders (NAGAFF) have sealed a pact to such end.

Published in the Guardian Newspaper on Wednesday, 2nd December, 2015

#Stakeholders Action: Workers protest shuts down firm’s office

POLICEMEN were yesterday drafted in as workers’ protest paralysed operations at the head office of BUA group, a major corporate player in the country. They were protesting alleged inhumane treatment and poor organisation.

According to the protesters, the management has relegated workers’ interest.

Published in The Nation Newspaper on Wednesday, 2nd December, 2015

#MSMEs: SkySat’s new products boots SMEs

SKYSAT Nigeria Ltd with support from Konica Minolta has introduced new sets of printers into the Abuja market that will increase employment in Nigeria by giving a boost to small Medium Enterprises (SMEs).

Published in The Nation Newspaper on Wednesday, 2nd December, 2015

#IndustryPulse: Premium Pension EDs swap positions

PREMIUM Pension Limited has announced changes in the executive management cadre of Premium Pension Limited. A statement signed by its Head, Corporate Communication, Paddy Ezeale stated that the Executive Director, Operations and Services, Kayode Akande has moved to the Business Development and Investment Directorate to replace Adamu Musa Mele who in turn takes over from him at the Operations and Services Directorate.

Published in The Nation Newspaper on Wednesday, 2nd December, 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, 28th October, 2015

#Economy: 2016 budget will address Nigerians yearnings – Lai Mohammed

The 2016 budget by the federal government would address the yearnings of Nigerians just as the issue of fuel scarcity will soon be a thing of the past

Published in The Daily Trust Newspaper on Thursday, 3rd December, 2015

#ICT: eBanking experts examine mobile payment, financial inclusion

The Deputy Governor, Operations, Central Bank of Nigeria, Alhaji Suleiman Barau will lead banking and electronic payment experts and service providers to examine the prospects and challenges of using mobile payments to drive financial inclusion at the 5th annual retreat of the committee of e-Banking Industry Heads (CeBIH).

Published in The Daily Trust Newspaper on Thursday, 3rd December, 2015

#AgribusinessMou: IITA Cassava Weed Management Project signs MoU with SON

The cassava Weed Management Project, which is being managed by the International Institute of Tropical Agriculture (IITA), has signed a Memorandum of Understanding with the Standard Organisation of Nigeria (SON), an agency of the federal government.

Published in The Daily Trust Newspaper on Thursday, 3rd December, 2015

#Agric: First Bank pledges commitment to grow Nigeria’s food industry

First Bank of Nigeria Limited, a subsidiary of FBN Holdings PLC has affirmed its commitment to the development of Nigeria through its support for the development of the agricultural value chain.

Published in The Daily Trust Newspaper on Thursday, 3rd December, 2015

#IndustryPulse: Kachikwu Replaces Diezani As OPEC President

The minister of state for petroleum, Mr. Ibe Kachiukwu, has replaced Mrs. Diezani Alison-Madueke as the conference president of the Organisation of Petroleum Exporting Countries (OPEC).
Published in The Leadership Newspaper on Thursday, 3rd December, 2015

#IndustryPulse: ITMB MD Listed Among Top Nigerian Executive In Finance, Insurance Industry

The managing director/chief executive officer, Infinity Trust Mortgage Bank Plc, Mr. Olabanjo Obaleye, has been listed among the top Nigerian Chief Executives in the Financial Services and Insurance Industry for the year 2015.

Published in The Leadership Newspaper on Thursday, 3rd December, 2015

#Power: Huawei Begins Deployment of Rural Off-Grid Power Projects

As Nigeria’s energy crises escalates following generation and distribution challenges as well as increasing demand for electricity, a leading global information and communications technology (ICT) solutions provider, up efforts to provide off-grid power to rural communities in the country.

Published in The Leadership Newspaper on Thursday, 3rd December, 2015

#Energy: Oando Plans A $350m Gas Plant

Oando is planning a $350 million gas plant to facilitate integration of the company’s gas production with its supply business.

Published in The Leadership Newspaper on Thursday, 3rd December, 2015

#Economy: Reviving Moribund Industries Is Key To Economy Growth

The progress of a country to some extents is measured by its industrial development as stakeholders in the industry has called for the reviving of the moribund industries.

Industry is the soul of a country and where countries generate their revenue for the sustenance of its polity.

Published in The Leadership Newspaper on Thursday, 3rd December, 2015


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