#Industry: LASG plans to rebrand transport sector
The Lagos State Government has
announced measures to raise the dignity of commuters and commercial vehicle
drivers operating in the state. It said efforts were being made towards
rebranding the public transport system which would incorporate the major modes
of transportation.
Published by the Punch Newspaper on Monday, 23rd May, 2016
#Economy: Tourism, alternative to oil
The Director-General of the
Nigerian Tourism Development Corporation, Dr Sally Uwechue-Mbanefo, has
advocated national tourism as an alternative source of revenue to oil.
Uwechue-Mbanefo, according to a statement on Sunday, said this at the 7th
Annual National Conference of the Academy for Entrepreneurial Studies in Lagos
with the theme, ‘Nigeria beyond oil’.
Published by the Punch Newspaper on Monday, 23rd May, 2016
#Health: WHO confirms Zika virus spread in Afica
The Regional Director for Africa,
World Health Organization, Dr Matshidiso Moeti, has confirmed the spread of the
Zika Virus on the continent. The WHO statement on Sunday, said this was the first
time scientists would confirm the circulation of the Asian strain of the virus
in Cape Verde, a country in the northwest coast of Africa.
Published by the Punch Newspaper on Monday, 23rd May, 2016
#Economy: Shrinking profit worries marketers as crude prices rise
The gradual rise in crude oil
prices and the challenge in the foreign exchange market do not go down well
with marketers of Premium Motor Spirit, popularly known as petrol. They are
worried that the development may erode the gains from the partial deregulation
of the downstream oil sector. According to them, the increase in crude prices
and the high exchange rate of the United States dollar at the parallel market
have almost wiped out the incentive to be enjoyed whenever they import petrol.
Published by the Punch Newspaper on Monday, 23rd May, 2016
#Economy: FG plans economic strategy review to avert recession
The Federal Government will soon
commence a review of its economic strategies following the poor growth, which
the economy recorded in the first quarter of the year. The move, a Presidency
source said, became imperative in order to address some of the structural
challenges, which the current administration might not have anticipated during
the formulation of its economic agenda.
Published by the Punch Newspaper on Monday, 23rd May, 2016
#Oil: Agip oil pipeline bombed in Balyesa
Gunmen suspected to be militants
have attacked an oil pipeline belonging to the Nigerian Agip Oil Company at
Ikienghenbiri community in the Southern Ijaw Local Government Area of Balyesa
State. The attack on the pipeline was said to have been spearheaded by some
armed youths from the community.
Published by the Punch Newspaper on Monday, 23rd May, 2016
#Economy: Falling GDP, MPC meeting’ll strain market
Investors in the country’s capital
market are likely going to exhibit negative sentiments following the drop in
Nigeria’s Gross Domestic Product in the first quarter of 2016 and fears over
the possible outcome of the Monetary Policy Committee meeting, analysts have
said. The National Bureau of Statistics had, on Friday, released the 2016 first
quarter real GDP report, which showed a 0.36% year-on-year contraction in
output.
Published by the Punch Newspaper on Monday, 23rd May, 2016
#Power: Power firms got 57% of intervention fund- Emefiele
The Governor, Central Bank of
Nigeria, Mr Godwin Emefiele, says power firms and other players in the
electricity industry have received 57 per cent of the N213 billion of the
Nigerian Electricity Market Stabilisation Facility. He specifically said the
central bank had so far disbursed N120.2bn to players in the power sector.
Published by the Punch Newspaper on Monday, 23rd May, 2016
#IndustryPulse: Access Bank enhances savings culture
Access Bank Plc says it will
continue to partner the Central Bank of Nigeria to boost savings culture and
financial inclusion in the country. The Bank Group Head, Channels Services,
Access Bank, Mr Segun Ogbonnewo, said the lender had been organizing various
programmes including promotional campaigns to encourage savings culture among
the populace.
Published by the Punch Newspaper on Monday, 23rd May, 2016
#IndustryPulse: FBN Capital seeks growth of African stock exchanges
FBN Capital has described African
stock exchanges as a very critical element and important facilitator of
economic growth in sub-Saharan Africa. The firm, therefore, called on operators
in the various markets in Africa to ensure their bourses have the potential to
stimulate needed growth in their economy.
Published by the Punch Newspaper on Monday, 23rd May, 2016
#Investment: More indigenous investors keen on insurance market
As more foreign investors venture
into the insurance sector, some local firms with huge potential have also shown
readiness to add value to the growth of the industry. About 18 insurance
broking firms and one underwriting company applied to the National Insurance
Commission in 2015 to obtain new licences to operate.
Published by the Punch Newspaper on Monday, 23rd May, 2016
#CSR: Mutual Benefits donates new boats to group
Mutual Benefits Assurance Plc has
said it will continue to drive initiatives that will empower the society and
create value in the lives of the citizens through collaboration and partnerships.
According to a statement on Sunday, the Group Managing Director, Mutual
Benefits, Dr Akin Ogunbiyi, said this during the inauguration of 22
canoes/Kayaks boats, which were donated by the company to Nigeria Rowing Canoe
and Sailing Federation.
Published by the Punch Newspaper on Monday, 23rd May, 2016
#Infrastructure: NIESV calls for redevelopment of Lagos Island
The Nigerian Institution of Estate
Surveyors and Valuers, Lagos Branch, has said that most parts of Lagos Island
which form major urban centres in the metropolis, still have rural
characteristics and need to be redeveloped. The Chairman, NIESV, Lagos ranch,
Mr Offiong Ukpong, stated this when he led members of the institution on a
courtesy visit to the palace of the Oba of Lagos, Rilwan Akiolu.
Published by the Punch Newspaper on Monday, 23rd May, 2016
#Economy: Buhari committed to diversifying economy – Adesina
President Muhammadu Buhari’s
spokesman, Femi Adesina, has declared that the present administration is
determined to diversify the Nigerian economy with emphasis on the entertainment
sector. Adesina made this declaration during the maiden edition of Daylight
Annual Leadership Awards (DALA), held at the Civic Centre, Victoria Island,
Lagos, last Sunday where he was honoured Most Outstanding Media Personality of
the year award.
Published by the Daily Sun Newspaper on Tuesday, 24th May, 2016
#Health: Army decries poor state of military hospital
Former Commander of the Nigerian
Army Medical Corps, Major General Samuel Ameh, has decried poor state of the
corps vis-à-vis the military hospitals in Nigeria, saying the organization
lacks the necessary equipment and manpower to function appropriately.
Published by the Daily Sun Newspaper on Tuesday, 24th May, 2016
#Infrastructure: Enugu to spend N3bn on schools renovation, toilets
Enugu State Government has
announced plans to build toilets in all public schools across the state as a
way of improving the sanitary conditions of the schools. This was just as it
announced that over 276 schools blocks would be renovated.
Published by the Daily Sun Newspaper on Tuesday, 24th May, 2016
#Infrastructure: Buhari to commission Calabar monorail, says Ayade
Cross River State Governor, Prof.
Ben Ayade has said the state is ready for the commissioning of the Calabar
monorail by President Muhammadu Buhari. This will be the second time the
president is visiting the state after his earlier visit 2015 to flag off the
construction of the state’s superhighway and deep seaport. Buhari is expected
to commission the first monorail in sub-Sahara Africa while his wife will
commission the Cross River Garment Factory to mark Ayade’s first year in
office.
Published by the Daily Sun Newspaper on Tuesday, 24th May, 2016
#Agriculture: Commercial Agriculture project- FG begs World Bank to
extend implementation
The Federal Government has commenced
moves to secure an extension of the World Bank Commercial Agriculture
Development Project (CADP) in Nigeria. The pilot project, which is scheduled to
terminate in November 2016, is being implemented along eight value chains in
Kano, Kaduna, Enugu, Lagos and Cross River states. Making the disclosure,
yesterday in Kano, during the 12 Implementation Support Mission, National
Coordinator of Commercial Agriculture Development Project (CADP), Dr Aminu
Babandi, urged participating states to peg their activities to June 2016.
Published by the Daily Sun Newspaper on Tuesday, 24th May, 2016
#Awards: Financial Times
nominates Kwara CHIS for award
Kwara State Community Health
Insurance Scheme (CHIS) has secured yet another international acclaim as it has
been nominated by Pharm Access Foundation, Netherlands for the 2016 Financial
Times/IFC transformational Business Award.
Published by the Daily Sun Newspaper on Tuesday, 24th May, 2016
#Health: Mosquito control failure fuelling Zika outbreak
World Health Organization leader
Margaret Chan has said the spread of Zika is the price being paid for a massive
policy failure on mosquito control. Speaking at the agency’s annual World
Health Assembly, Dr Chan said experts had “dropped the ball” in the 1970s with
regards to getting a handle on disease-carrying insects. More 60 countries and
territories now have continuing Zika transmission.
Published by the Daily Sun Newspaper on Tuesday, 24th May, 2016
#Economy: Ondo begins the production of lawyers’ wig, focuses on agric
development
Ondo state Governor, Dr Olusegun
Mimiko has expressed satisfaction at the progress being made by youths engaged
in lawyers’ wig-making at the state-owned Wealth Creation Agency (WECA) even as
wig is now being produced in commercial quantity in the state. The governor has
also reiterated government’s determination to focus on agriculture as a means
of job creation for youths in the state.
Published by the Daily Sun Newspaper on Tuesday, 24th May, 2016
#Stakeholders’Action#Education: Increase funding for basic schools,
stakeholders urge government
Placing primary education in a
sound footing through adequate funding was the focal point of a recent
education stakeholders’ meeting, organized in Lagos, by Save the Children, a non-governmental
organization (NGO). Other salient issues such as teaching pupils healthy
etiquettes and safeguarding school facilities also featured at the event. Many
of the participants maintained that the running cost made available to Heads of
Primary Education is very meagre. They therefore, called on the government and
its agencies to increase the running costs for primary education.
Published by the Daily Sun Newspaper on Tuesday, 24th May, 2016
#Health: Anambra community to become city of medical research
The ongoing Medical Research Centre
at Umuchukwu community in Orumba South Local Government, Anambra State, would
soon turn the obscure locality to a city of knowledge. On completion of the
15-storey building project, funded solely by Dr Godwin Maduka, the Chief
Executive Officer and Medical Director of the Las Vegas Pain Institute and
Medical Centre, the largest pain treatment centre in Nevada, USA, the rural
community will become the hub of medical research in the country and African
continent.
Published by the Daily Sun Newspaper on Tuesday, 24th May, 2016
#Empowerment: VC’s wife unfolds agenda for FUNAI women
The wife of the Vice Chancellor of
Federal University Ndufu Alike (FUNAI), Dr. Mrs. Chinyere Nwajiuba, has
unfolded a five point agenda for the uplift of the female staff of the
university. Dr Nwajuiba, who was addressing the female staff under the auspices
of FUNAI University Women Association in a maiden meeting with them, listed the
agenda she would pursue to include education, wellness, development, leadership
and diversity.
Published by the Daily Sun Newspaper on Tuesday, 24th May, 2016
#CSR#Empowerment: Slot invests in Human capacity
With the dwindling human capital
and brain drain in the country, Slot Systems Ltd graduates the first set of 40
students in its Academy. The Academy, which is the brain child of Slot
Foundation, is a Corporate Social Responsibility (CSR) Initiative aimed at
providing technical skills and creating jobs for Nigerians.
Published by the Daily Sun Newspaper on Tuesday, 24th May, 2016
#Infrastructure: $166bn needed for energy, transport infrastructure –
Amaechi
Minister of Transportation,
Chibuike Amaechi, yesterday disclosed that the Federal Government requires
about $166 billion over the next five years to provide needed infrastructure in
the country’s energy and transport sector. Amaechi who spoke at the public
hearing on Nigerian Railway Authority Bill and National Transport Commission
Bill, held by the House of Representative Committee on Land Transport, also disclosed
that the Government and General Electric have concluded arrangements for the
commercialization of Lagos-Kano railway project.
Published by the Daily Sun Newspaper on Tuesday, 24th May, 2016
#Economy: CBN adopts flexible forex policy as reserves dip to $26.6bn
The Monetary Policy Committee of
the Central Bank of Nigeria has directed the management of the apex bank to
adopt a flexible exchange rate policy in the inter-bank forex management
structure. The CBN Governor, Mr Godwin Emefiele, disclosed this on Tuesday
while addressing journalists shortly after the two-day MPC meeting held at the
apex bank’s headquarters in Abuja.
Published by the Punch Newspaper on Wednesday, 25th May 2016
#Infrastructure: New Oshodi projects starts June 1, costs N22.4bn
The Lagos State Governor, Akinwumi
Ambode has said the Oshodi regeneration project, which will include the
development of the Oshodi Transport Interchange, is set to commence and will
cost about N22.4 billion.
Published by the Punch Newspaper on Wednesday, 25th May 2016
#Infrastructure: FG to drill State House borehole for N13.8m
The Federal Government will spend
N13.8 million on the drilling of one borehole inside the premises of the State
House, Lagos Liaison Office this year. This is part of the N149.2 million total
sum allocated to the liaison office in the 2016 Appropriation Act recently signed
into law by President Muhammadu Buhari.
Published by the Punch Newspaper on Wednesday, 25th May 2016
#Agric: Tomato Ebola hits six states – FG
The Federal Government on Tuesday
said the pest, Tuta absoluta,
popularly known as ‘Tomato Ebola’, which is responsible for the massive
destruction of tomato in farmlands, had invaded six states in Nigeria.
Published by the Punch Newspaper on Wednesday, 25th May 2016
#IndustryPulse: Heritage Bank promotes financial inclusion
Heritage Bank says it is set to
launch a comic book to drive financial inclusion among children. According to
the statement by the lender, the launching of the book is one of the highlights
of its Children Banking Month 2016, which is a financial literacy campaign to
commemorate the Children’s Day celebration.
Published by the Punch Newspaper on Wednesday, 25th May 2016
#IndustryPulse: FCMB unveils growth plans
First City Monument Bank Limited
says it will leverage Information and Communication Technology to grow its revenue
in the current financial year. The assistant Vice-President and Group Head,
Information Technology, FCMB, Mr Emeka Eboegbune, was quoted as saying this
while responding to media inquiry in Lagos.
Published by the Punch Newspaper on Wednesday, 25th May 2016
#Education: Entrepreneurial education key to economic growth – Don
In order to improve economic
development, a former Director-General and Chief Executive Officer of the
National Centre for Technology Management, Prof. Williams Siyanbola, has called
for the inclusion of entrepreneurial education in the curriculum of tertiary
institutions.
Published by the Punch Newspaper on Wednesday, 25th May 2016
#IndustryPulse: 310 food, beverage sector jobs lost – Group
The Association of Food, Beverage and
Tobacco employers said about 310 people were thrown out of employment between
2014 and 2015. In addition, the beverage, sugar, spirit/distillery,
confectionery and flour-based sub-sectors recorded decreased capacity
utilisation in the year under review.
Published by the Punch Newspaper on Wednesday, 25th May 2016
#Empowerment: 1,460 youths complete skills training in Calabar
No less than 1,460 youths have
completed skill acquisition training at the Entrepreneurship Development Centre
in Calabar, Cross River State. The Project Manager of EDC, Mr Godwin Ugah, said
this during a one-day workshop on Youth Leadership, Entrepreneurship, Access
and Development held in Calabar.
Published by the Punch Newspaper on Wednesday, 25th May 2016
#Economy: Emmanuel seeks advertisers’ support for growth
Governor Udom Emmanuel of Akwa Ibom
State has called on strategic communication professionals to fashion out
modalities for inspiring Nigerians to demonstrate more sense of patriotism and
appreciate government policies and programmes. The governor made this call
while declaring open the 43rd Annual General meeting and Congress of the
Association of Advertising Agencies of Nigeria held at Le Meridien Ibom Hotel
and Golf Resort, Uyo.
Published by the Punch Newspaper on Wednesday, 25th May 2016
#Economy: Buhari- Economy in volatile situation
Nigeria’s economy is currently in a
volatile situation due to the crash in oil prices, President Muhammadu Buhari
has said. The president’s remark came at a time when oil price yesterday rose
to nearly $50 a barrel, even though Nigeria will earn less from the boom due to
drop in production in recent times.
Published by the Daily Trust Newspaper on Thursday, 26 May 2016
#Economy: States embark on reforms to avoid economic downturn
State governments have agreed to
reform the finances of states and local governments under a fiscal
sustainability programme to ensure their long term viability. The 22-point
fiscal reform action plan to be implemented by the states under the programme
mirrors the ongoing public financial management reforms being undertaken by the
federal government, including; biometric capture of all civil servants, the
establishment of an Efficiency Unit, implementation of Continuous Audit,
improvement in Independent Generated Revenue (IGR) and measures to achieve
sustainable debt management.
Published by the Daily Trust Newspaper on Thursday, 26 May 2016
#Philanthropy: ASUU donates N5m relief items to insurgency victims
The Academic Staff Union of
Universities (ASUU) has donated N5 million worth of relief materials to
internally displaced persons in Adamawa state as part of its N20 million relief
package for the three North-East States affected by insurgency.
Published by the Daily Trust Newspaper on Thursday, 26 May 2016
#Economy: Africa loses $80bn to terrorism annually – Gambari
Nigeria’s former Permanent
Representative at the United Nations a former Head of the Un African Union
Mission in Darfur, Sudan, Prof Ibrahim Gambari, yesterday disclosed that
African countries lose $80bn to terrorism and violence every year.
Published by the Daily Trust Newspaper on Thursday, 26 May 2016
#Economy: Nigeria misses out in revenue as oil hits 2016 high
Oil price went up by more than one
per cent yesterday, nearing $50 a barrel, but Nigeria will receive less from
the 2016 boom due to the lower production in recent times. Reuters said the
price of Brent Crude Wednesday was up 76 cents, or 1.6 per cent, at $49.39 a
barrel in late afternoon trading on expectations the U.S. government will
record a large crude stockpiles drawdown for last week.
Published by the Daily Trust Newspaper on Thursday, 26 May 2016
#IndustryPulse: Jaiz Bank moves to access non-interest intervention funds
from CBN
The Acting Managing Director of
Jaiz Bank, Mahe Abubakar, has said that the bank is working with the Central
Bank of Nigeria (CBN) to accommodate non-interest finance institutions in the
apex bank’s intervention funds. In an exclusive interview with the Daily Trust,
Abubakar said that Islamic finance institutions found it difficult to assess
CBN’s intervention funds since they were mostly interest-based.
Published by the Daily Trust Newspaper on Thursday, 26 May 2016
#Empowerment: 100 entrepreneurs get skills training in Sokoto
One hundred entrepreneurs are being
trained in Sokoto with a view to providing the youths with skills on business
development and establishment. The 3-day training programme was organized by
the Small and Medium Enterprises Development Agency (SMEDAN), and the Sokoto
State Small and Medium Enterprises Development Agency (SOSMEDA).
Published by the Daily Trust Newspaper on Thursday, 26 May 2016
#MSME: Group wants 1% of Kwara budget for entrepreneurship devt
Business owners under the aegis of
Kwara State Coalition of Business and Professional Association (KWACOBPA) have
urged the state government to set aside one percent of its annual budget to
support entrepreneurs. They also said they have sent a bill to that effect to
the State House of Assembly.
Published by the Daily Trust Newspaper on Thursday, 26 May 2016
#Partnership: Mrs Al-Makura to partner organizations to reduce
unemployment
Nasarawa State governor’s wife,
Hajiya Salamatu Al-Makura, has pledged to partner groups and organizations with
the vision to reduce unemployment in the state.
Published by the Daily Trust Newspaper on Thursday, 26 May 2016
#Agric: Ooni moves to rescue cocoa farming
The Ooni of Ife, Oba Adeyeye Enitan
Ogunwusi, has begun his agricultural revolution initiative with a nursery plant
of one million cocoa trees to be distributed to youths in Ile-Ife to empower
them to be self-reliant. Unveiling the one million cocoa nurseries at a farm in
Ife, the director of media and public affairs in the palace of the Ooni, Mr
Moses Olafare, said the monarch was determined to empower Ife youths
economically and that he has identified agriculture as one of the areas to be
employed to achieve the goal.
Published by the Daily Trust Newspaper on Thursday, 26 May 2016
#Agric: LCRI to enhance wheat production
The Lake Chad Research Institute
(LCRI) has concluded arrangements to enhance the production of wheat towards
making the country self-sufficient in wheat production in 2021 with the
political will of current administration.
Published by the Daily Trust Newspaper on Thursday, 26 May 2016
#Philanthropy#Education: Donor agency spends N500m on Jigawa education
The Education Sector Support
Programme in Nigeria (ESSPIN) operating under DFID has spent about N500million
in the last six years on education in Jigawa State. The acting state team
leader, Hezekiah Odeyale, made this known during a two-day workshop organized
for education secretaries in the state. He said the money was expended on
teacher training, purchase of teaching and learning materials and production of
school uniform. Other things provided were toilet facilities and boreholes.
Published by the Daily Trust Newspaper on Thursday, 26 May 2016
#Philanthropy: Egyptian university sponsors Nigerian displaced kids
Al-Azhar University, Cairo, has
offered scholarship to 10 displaced children from Gwoza, Borno State for
undergraduate courses at the institution. Grand Imam of Al-Azhar, Dr Ahmed
El-ayeb, disclosed this yesterday when he led a delegation from the institution
to the Internally Displaced Persons (IDPs) camp in Durumi, Abuja.
Published by the Daily Trust Newspaper on Thursday, 26 May 2016
#IndustryPulse: Nigerian artworks in record N500m sale at London auction
Nigerian artworks have made history
in a London auction garnering N568,338,750 (£1,159,875) gross realised sale
from the works of three renowned artists. The auction for works by some African
leading artists, which held at the Bonhams Africa Now- Modern Africa Sale in
London on May 25, 2016, witnessed a host of new world records as Ben Enwonwu,
El Anatsui, and Yusuf Grillo accounted for the top 10 lots sold in a sale which
made a total of £2,000,000.
Published by the Business Day Newspaper on Friday, 27th May,
2016
#IndustryPulse:
Union Bank stock surges on new brand identity
Union Bank’s stock led the charge
in financial stocks yesterday, as investors bid up the counter by limit up 9.96
per cent. Analysts say that the stock which is up 26 per cent in May alone is
rallying on the back of investors’ confidence in the lenders recently unveiled
brand identity that was orchestrated with a view to maximize the value of owners.
Published by the Business Day Newspaper on Friday, 27th May,
2016
#infrastructure: Lagos to remove structures under high-tension poles
As part of efforts to maintain a
sustainable, organised, liveable and friendly environment, the Lagos State
government has resolved to remove all structures and properties built under
high tension cables across the state. Anifowoshe Abiola, the Commissioner for
physical planning and urban development, who stated this, reiterated that it
was dangerous and illegal to build under high-tension cables.
Published by the Business Day Newspaper on Friday, 27th May,
2016
#Empowerment: FTA pledges commitment to acquisition of trade skills for
export receipts
The Foreign Trade Academy (FTA), a
trade development institution in Nigeria, says it is positioned to equip
Nigerians with foreign trade skills with a bid to ultimately shoring the
country’s export receipt. At its first board meeting held in Lagos recently,
with the theme: “Fostering Economic Growth, Business Investment and Sustainable
Development: Role of Foreign Trade Education”, the board members stressed the
need to develop a public private partnership in achieving the academy’s goals
and objectives.
Published by the Business Day Newspaper on Friday, 27th May,
2016
#Empowerment: Accion MBF extends financial inclusion to Ogun
Accion Microfinance Bank Limited
has extended its financial services to Ogun State as it opens two branches to
economically empower low income earners and the people at the bottom of the
pyramid. The bank opened the branches at Sango Otta, a popular industrial area of
the state and Akute, an upcoming commercial area. The entry to Ogun State was
heralded by the formal opening of the Sango Otta branch.
Published by the Business Day Newspaper on Friday, 27th May,
2016
#Economy: AABS advocates inclusive growth in African economies
The Association of African Business
Schools (AABS) converges in Nigeria to seek ways on how to promote inclusive
growth in African economies as well as identify ways of helping member-schools
in attaining maximum performance. A two-day international conference slated for
Monday and Tuesday ticked off with a dinner in Lagos on Sunday. The event
targets not only at academics but also at business people.
Published by the Business Day Newspaper on Friday, 27th May,
2016
#Health: NHIS to enrol 20m school pupils in Kwara for free healthcare
The National Health Insurance Scheme (NHIS)
has commenced enrolment of 20 million public primary school pupils for social
health insurance programme across Kwara State. Idris Mohammed, General Manager
for North Central A Zonal Office for Ilorin told newsman on Wednesday in Afon,
Asa Local government Area of the state that Kwara was the pioneer state of the
scheme.
Published by the Business Day Newspaper on Friday, 27th May,
2016
#Empowerment: Lagos begins self-employment initiatives for graduates
Governor Akinwumi Ambode of Lagos
State has undertaken an initiative that will provide self-employment
opportunities for graduates from its tertiary institution. Ambode, who
disclosed this at the 20th convocation ceremony and installation of the new
chancellor of the Lagos State University held at the new auditorium of the Ojo
Campus of the institution, said considering the current unemployment statistics
his administration had proactively instituted a programme that would enable
fresh graduate become job creators rather than job seekers.
Published by the Business Day Newspaper on Friday, 27th May,
2016
#Economy: Naira falls as CBN directs banks to submit bids
Naira yesterday fell against the
dollar vat the autonomous market by N3 or 0.87 percent, as the Central Bank of Nigeria
(CBN) directed banks to submit bid for FX at N197/$. It closed at N348 against
dollar compared with N345/$ the previous day. At the parallel market, it
weakened by N1 or 0.29 per cent to close at N351/$ yesterday from N350/$ the
previous day.
Published by the Business Day Newspaper on Friday, 27th May,
2016
#Philanthropy: Dangote donates N400m to Lagos poverty alleviation
programme
President of Dangote Group, Aliko
Dangote, has donate N400 million to support the Lagos State Government poverty
alleviation programme. Dangote announced the donation at the launch of Dangote
Trust Fund Micro-Grant in the belief that socio-economic changes through
investments and interventions that improve lives of the less privileged will make
a positive difference in the growth on the nation.
Published by the Business Day Newspaper on Friday, 27th May,
2016
#Health: “5.7m Nigerians living with HIV/ADIS”
With about 5.7 million Nigerians
living with HIV/AIDS, Nigeria is the second country in sub-Saharan Africa with
the highest prevalence rate. This comes as the Nigeria’s prevalence rate
increases from less than 1 percent in 2001 to 3.4 percent this year. Ex-African
leaders under the aegis of Champions for an AIDS-Free Generation stated this at
a courtesy call on Senate President, Bukola Saraki. Chairperson of group and
former President of Botswana, Festus Mogae harped on the need for increased domestic
funding in the fight against HIV/AIDS.
Published by the Business Day Newspaper on Friday, 27th May,
2016
#Education: FG secures $4m E-content research access for universities
In recognition of the role of
research o=in learning and development, the Federal Government on Thursday
secured $4 million Ebscohost E-content facility for Nigerian universities. The facility
is expected to enhance the work of Nigerian Research and Education Network
(NgREN) for wider research undertakings in the nation’s higher institutions of
learning that will benefit from the scheme.
Published by the Business Day Newspaper on Friday, 27th May,
2016
