#Economy: FX Reform Brings in $270m, First Major Foreign Investment
The Central Bank of Nigeria (CBN)
strategy to boost supply in the country’s FX market through its monetary
policies is yielding fruit as the nation received $270 million worth of foreign
portfolio investment from a single transaction last week.
Published by Business Day Newspaper on Monday, 29th August,
2016
#IndustryPulse: Manufacturers see Local Auto Assembly Contributing $5bn
Yearly to Economy
With Nigeria’s economy still
struggling to improve, Original Equipment Manufacturers (OEMs) estimate that
investments into the local assembly of vehicles and development of spare parts
clusters the country, if pursued vigorously, are capable of contributing about $5 billion into Nigeria’s economy.
Published by Business Day Newspaper on Monday, 29th August,
2016
#Agric: Govt Resolves to Push Ahead with GMO Foods in Nigeria
The scepticism of many Nigerians
and outright rejection by others over the future Genetically Modified organism
(GMO) based food commodities in the market is doing little to dissuade the
government as it appears resolved to forge ahead with promotion of genetic
engineering to address concerns over
food security and productivity.
Published by Business Day Newspaper on Monday, 29th August,
2016
#IndustryPulse: Amid Economic Turbulence, Shining Spot Industries Make
Export Progress
Amid economic recession that has
hit Nigeria, shining spot industries are making significant progress in export
business, repatriating foreign exchange into a country going through its worst
FX scarcity.
Published by Business Day Newspaper on Monday, 29th August,
2016
#IndustryPulse: N250 Billion Nigerian Fast Food Industry Hit by Harsh
Economy
Rising inflation at 16.4 percent
and weakening purchasing power resulting in reduced customer spend have
combined to put a strain on the Nigerian fast food industry valued at over
N250billion. Consequently, the heavy traffic that has resulted in a greater patronage
to the industry, which employs about 500,000 people, has dwindled significantly
in the last one year, forcing some of the operators to trim operations, says a
source close to the business.
Published by Business Day Newspaper on Monday, 29th August,
2016
#IndustryPulse: Africa Re Moves to Deepen Insurance Penetration in
Nigeria
Africa Re has embarked in awareness
creation campaign targeted at deepening insurance penetration in Africa’s
second largest economy, Nigeria. Nigeria with a population of 180 million
people and fast growing middle class has an insurance penetration in terms of
contribution to GDP of a paltry 0.3 percent according to reports from the local
insurance market.
Published by Business Day Newspaper on Monday, 29th August, 2016
#ICT: Nigeria is at 13% Broadband Penetration – NCC
The Nigeria Communication
Commission (NCC) this weekend said that presently, broadband penetration in the
country was at 13 percent. Prof. Umar Danbatta, the Executive Vice Chairman of
NCC made this known during ‘The 2016 Nigeria ICT Impact CEO Forum and Awards’
Africa Digital Awards (ADA)’, organised by ICT Watch Network in Lagos.
Published by Business Day Newspaper on Monday, 29th August,
2016
#Investment: FX Translation and Fair Value Gain Spur UBA to growth
Foreign exchange translations and
fair value gains stoked by the devaluation of the currency by the central bank
has spurred United Bank of Africa (UBA) plc to growth as the lender continues
to navigate the storm caused by economic downturn.
Published by Business Day Newspaper on Monday, 29th August,
2016
#StakeholdersAction: CBN, IFC Commend CBAN for Improving Access to Credit
The Central Bank of Nigeria (CBN)
and International Finance Corporation (IFC) has commended Credit Bureau Association
of Nigeria (CBAN) for their contribution towards improving access to finance in
Nigeria.
Published by Business Day Newspaper on Monday, 29th August,
2016
#Event: World Pensions Summit ‘Africa Special’ Programme Focuses on
Sustainable Pension System
Programme for the third World
Pension Summit ‘Africa Special’ seen by Business Day indiocates that the
attention of global experts and pension professionals attending the event
scheduled for September 27 and 28 in
Abuja, would focus on developing and structuring a sustainable pension
system for Africa.
Published by Business Day Newspaper on Monday, 29th August,
2016
#Empowerment #Entrepreneur: SPAR Spur Young People on Entrepreneurship in
Calabar
In line with its commitment to
foster and sustain good neighbourliness with its host communities thereby
contributing to their growth and development, SPAR Hypermarket in partnership
with the organizers of Funfizz 2016, reached out to hundreds of young people in
Calabar who thronged the Calabar Mall venue of the event.
Published by Business Day Newspaper on Monday, 29th August,
2016
#Health: FCTA Sets Up Polio Eradication Task Force Team
In order to maintain the zero level
of poliomyelitis in Abuja, the Federal Capital Territory (FCT) administration
has approve the reactivation of the FCT task force on polio eradication and
routine immunisation.
Published by Business Day Newspaper on Monday, 29th August,
2016
#Investment: Offshore Investors Reduce Nigerian Equities Deals by Over
N380bn
As shown in the July 2016 equity
trading by locals and foreigners, the offshore investors reduced their
transaction in Nigerian equities by N383 billion compared to same period in
2105.
Published by Business Day Newspaper on Monday, 29th August,
2016
#StakeholdersAction: NASD Sees Appropriate Fiscal, Monetary Policies
Stimulating Growth inn Key Sectors
The NASD OTC Securities Exchange
believes that a combination of the appropriate
fiscal and monetary policies will stimulate growth in key sectors of the
economy.
Published by Business Day Newspaper on Monday, 29th August,
2016
#Agriculture: Chinese Firm to Establish Multi-Million Dollar Feed Mill,
Maize Farm
As part of efforts to diversify the
economy from over-dependence on oil and gas, a Chinese firm, Wuhan Longfecund
Agricultural Development Company Ltd, has indicated interest to set up a feed
mill and maize farm in Cross River State.
Published by Business Day Newspaper on Monday, 29th August,
2016
#Empowerment: SMEs Granted N2bn Interest-Free Loan in A/Ibom
Small and Medium Scale Enterprises
(SMEs) have been granted loan facility worth N2 billion to expand their
business and boost income generating activities in Akwa Ibom State.
Published by Business Day Newspaper on Monday, 29th August,
2016
#StakeholdersAction: Edo Government Tasks Investors on production of Standard
Goods
Kerry Emokpaire Prince, Edo State
Commissioner for Commerce and Industry, has tasked the management of Yongxing
Steel Company limited on quality products in line with the international best
practices.
Published by Business Day Newspaper on Monday, 29th August,
2016
#IndustryPulse: Sugar Investors Need Stability Security to Close 1.4MMT
Gap
Attracting more sugar investors to
plug over 1.4 million metric tonnes (MMT) gap requires macroeconomic stability,
improved security and better land tenure system, according to manufacturers and
analysts.
Published by Business Day Newspaper on Monday, 29th August,
2016
#Business: Nigeria to Move Up 20 Places in Ease of Doing Business ranking
within 3 Years
President Muhammadu Buhari on
Sunday said the government was committed to ensuring that Nigeria moved up 20
places to be among the top 100 in the ranking of the World Bank’s ease of doing
business in 2019. Nigeria will be one of the most attractive and easiest places
of doing business in the world by 2019, President Muhammadu Buhari said on
Sunday.
Published by Business Day Newspaper on Monday, 29th August,
2016
#Economy: External Reserves Rise by $595m in Five Days
The nation’s foreign exchange
reserves have increased by $595m to hit a one-month high of $26.196bn the
latest data from the Central Bank of Nigeria have shown.
Published by the Punch Newspaper on Tuesday, 30th August, 2016
#Economy: FG to Save N48bn through Electronic Procurement
The Federal Government is targeting
a total financial savings of N48.3bn through the implementation of the
electronic procurement process in six pilot ministries. They are the ministries
of Education, Health, Transportation, Water Resources, Agriculture and Rural
Development and Power, Works and Housing.
Published by the Punch Newspaper on Tuesday, 30th August, 2016
#IndustryPulse: Telecoms Operators Spend N638bn on Bandwidth Importation
Digital mobile operators and
telecommunications service providers spend about $2bn (about N638bn) annually
on the importation of bandwidth and other related services, the National Space
Research and Development Agency has said.
Published by the Punch Newspaper on Tuesday, 30th August, 2016
#Infrastructure: Chinese Firm Wins $1.85bn Kano Light Rail Contract
Another light rail project is in
the offing as a Chinese firm has received the approval to construct the line in
Kano at a sum of $1.85bn (N589.8bn). An online report by The Cable on Monday
gave the construction firm as the China Railway Construction Corporation.
Published by the Punch Newspaper on Tuesday, 30th August, 2016
#StakeholdersAction: Provide Warranty for Products, CPC tells Dealers,
Manufacturers
The Customer Protection Council has
urged Nigerian manufacturers and product marketers to always provide warranty
on their products. The council gave this charge during a stakeholders’ meeting
on enforcement of warranties and guarantees on products.
Published by the Punch Newspaper on Tuesday, 30th August, 2016
#Investment: Forex Market Trades $327m, foreign investors Buy Bonds
The nation’s foreign exchange
market recorded $327m worth of transactions on Monday; about six times more
than its usual volume, the FMDQ OTC Securities Exchange, told Reuters. This
included a single transaction of $270m at N345/dollar by foreign investors
buying local currency bonds, the Managing Director, FMDQ OTC Securities
Exchange, Mr. Bola Onadele, said in an interview.
Published by the Punch Newspaper on Tuesday, 30th August, 2016
#Innovation: Skye Bank Begins Initiative, Targets High-End Customers
Skye Bank Plc has unveiled a new
investment window for its high-end customers. Tagged ‘Skye Select Summer
Campaign’, the initiative is targeted at the upper-middle level managers and
professionals who earn a monthly income of N750,000 and above and travel
regularly.
Published by the Punch Newspaper on Tuesday, 30th August, 2016
#CSR: Governors Lauds Sterling Bank’s CSR Initiative
The Governors of Plateau, Bauchi
and Gombe states, Simon Lalong, Mohammed Abubakar and Ibrahim Dakwambo
respectively has commended Sterling Bank Plc for its role in checkmating
desertification experienced in some northern parts of the country through its
tree-planting initiative.
Published by the Punch Newspaper on Tuesday, 30th August, 2016
#StakeholdersAction: Stakeholders Urge Government to Explore Digital
Innovation
Stakeholders in the information and
Communications Technology industry have urged the government at various levels
to explore the inherent opportunities in digital innovation, saying citizens’
day-to-day activities have gone online.
Published by the Punch Newspaper on Tuesday, 30th August, 2016
#Technology: Opera, Google Collaborate on Progressive Web App
Norway-based technology company,
Opera, has collaborated with Google to ensure that mobile users, including
Nigerians, easily access and use its Progressive Web Apps.
Published by the Punch Newspaper on Tuesday, 30th August, 2016
#MoU: Ericsson, Galaxy Sign MoU on Public Sector Reforms
Galaxy Backbone, the Information
and Communication Technology-shared services provider for the Federal
Government, on Monday sealed an agreement with Ericsson to design and deploy
ICT-based solutions and services towards achieving an efficient public sector
in the country.
Published by the Punch Newspaper on Tuesday, 30th August, 2016
#Empowerment: NITDA to Establish ICT Centres for Corps Members
The National Information Technology
Development Agency had pledged to deploy Information and Communications
Technology centres for corps members in the 36 states of the federation before
the year runs out.
Published by the Punch Newspaper on Tuesday, 30th August, 2016
#ICT: Another Nigerian Company Rolls Out 4G-LTE Service
Another telecommunications firm in
the country, InterC Network, has rolled out the 4G Long-Term Evolution service.
The first to do so was ntel, the company that bought off Nigeria
Telecommunications Company.
Published by the Punch Newspaper on Tuesday, 30th August, 2016
#IndustryPulse: N2.2tr Oil Loans Upset Banks
Nigerian banks have become very
stringent in funding oil and gas projects owing to a doubtful balance sheet
position and inability of the firs to service previous loans worth more than
N2.2trillion.
Published by the Guardian Newspaper on Wednesday, 31st August 2016
#IndustryPulse: Cement Price Rises by 44 Percent, Hits N2,300 Per Bag
Dreams of lower construction costs
by prospective homeowners might have become a nightmare, going by fresh
increase in the price of cement products by manufacturers. The development has
already triggered a ripple effect in the open market, with prices going up by
about 44 per cent in few days.
Published by the Guardian Newspaper on Wednesday, 31st August 2016
#Technology: Govt Plans Technology Super Hubs in Abuja, Lagos, others
Government will partner high
profile companies, including Google, to facilitate establishment of two
technology super hubs in Abuja, Lagos and the six geopolitical zones of the
country.
Published by the Guardian Newspaper on Wednesday, 31st August 2016
#IndustryPulse: CBN Approves 11 More Money Transfer Operators
On its search for scarce foreign
exchange and elimination of illegal funds transfer, the Central Bank of Nigeria
(CBN) yesterday approved 11 International Money Transfer Operators (IMTOs),
bringing the number to 14.
Published by the Guardian Newspaper on Wednesday, 31st August 2016
#Health: Delta Quarantines 55 over Lassa fever Death
Fifty-five persons are currently
under watch in Asaba, the Delta State capital, for coming in contact with the
medical doctor who died recently of Lassa fever in neighbouring Anambra State.
The initial figure was 32.
Published by the Guardian Newspaper on Wednesday, 31st August 2016
#Environment: Nigeria to Witness Resurgence of Low carbon Projects Soon
A development economist and
consultant to the National Assembly on Climate Change, Dr Chidi Onuoha says
Nigeria will soon witness resurgence of projects that will promote low carbon
economy when it domesticates the Paris Climate Change Agreement.
Published by the Guardian Newspaper on Wednesday, 31st August 2016
#Event: HWPL set to Host Peace Summit in Seoul
From September 17 to 19, former
President of Croatia, Ivo Josipovi; the Minister of Justice of Sri Lanka,
Wijeyadasa Rajapakshe and President of the Spanish Society for International
Human rights Law, Carlos Villan Duran, will join Man Hee Lee, chairman of
Heavenly Culture, World Peace, Restoration of Light in a conversation on peace.
Published by the Guardian Newspaper on Wednesday, 31st August 2016
#Empowerment: 41,000 Graduates Benefit Govt’s Internship Programme
About 41,461 graduates have
benefitted from the Graduate Internship Scheme (GIS) of the Federal Government
since its inception in 2012. Making the disclosure during the three-day
Graduate Internship Scheme Orientation and Employability held in Lagos on Monday,
Project Director, Mr Dennis Chukwu, said the programme presents an opportunity
for graduates interns to acquire working experience, enable them gain
employment in organisations where they worked and earn a N30,000 monthly
stipend.
Published by the Guardian Newspaper on Wednesday, 31st August 2016
#Oil: PIB Delay, low Oil Prices Impede Nigeria’s 1.124m bpd Projects
Planned projects in Nigeria, which
are expected to add about 1.124 million barrels per day to the country’s crude
oil prices and the delay in th passage of the Petroleum Industry Bill (PIB).
Published by the Guardian Newspaper on Wednesday, 31st August 2016
#Energy #StakeholdersAction: SON, Oher Seek Compliance to
Energy-Efficient Standards
The Standard Organization of
Nigeria (SON) has commenced plans to ensure that Nigerians complied with
minimum standards on the kind of electrical equipment used in the country, as
part of measures to efficiently maximise energy consumption.
Published by the Guardian Newspaper on Wednesday, 31st August 2016
#MSMEs: Firm Begins Virtual Accounting Services for SMEs in Nigeria
A new accounting firm- Pundit
Bookkeeping Services has said it is in business to offer specialised services
for Small and Medium Enterprises (SMEs) in the country, as part of efforts to
help them overcome challenges related to poor bookkeeping.
Published by the Guardian Newspaper on Wednesday, 31st August 2016
#Empowerment: Heritage Bank Moves to Boost Youth Entrepreneurship
As part of effort to reduce the
number of Nigerian youths in the labour market, put at 36.3 million,
representing 48 percent of the entire labour force, Heritage Bank Plc has
reiterated plans to provide timely and affordable credit to assist youths in
implementing their business ideas.
Published by the Guardian Newspaper on Wednesday, 31st August 2016
#IndustryPulse: Capacity Utilisation Drops to 20% in Drug Manufacturing
Sector
Albeit Federal Government’s
intervention in terms of improved access of manufacturing firms to foreign
exchange, the pharmaceutical manufacturing sector has decried a drop in
capacity utilisation to an all-time low of 20 p[er cent, even as many firms
shut down operations.
Published by the Guardian Newspaper on Wednesday, 31st August 2016
#IndustryPulse: High Cost of Gas Lowers Production by 70 Per Cent, Say
Manufacturers
Production in construction and
building industry has been lowered to an all-time low of 70 per cent because of
the high cost of gas. Besides, the policy of government to charge local gas
supply in dollars may have triggered a 25 per cent increase on locally produced
building materials, thereby stifling their competitive advantage over imported
ones.
Published by the Guardian Newspaper on Wednesday, 31st August 2016
#ICT #StakeholdersAction: BCX Calls for Accelerated ICT Growth
For Nigeria to come out of the
current economic challenges, adoption of modern technologies has been described
as critical to enable new forms of growth.
Published by the Guardian Newspaper on Wednesday, 31st August 2016
#Awards: Weco Systems Wins Architectural Excellence Award
Weco Systems has emerged as the
recipient of Cisco’s Architectural Excellence award in Enterprise Networks for
Africa at the 2016 Partner Summit Conference in San Diego, California.
Published by the Guardian Newspaper on Wednesday, 31st August 2016
#Event: Africa Oil Week, Upstream Confab Holds in Cape Town
Global Pacific &Partners, with
ITE Group, will host the 23rd Africa Oil Week/Africa Upstream 2016 Conference
over 31st October – 4th November 2016, at the Cape Town International
Convention Centre, South Africa.
Published by the Guardian Newspaper on Wednesday, 31st August 2016
#Economy: Economy in Recession
Nigeria’s economy has sunk into
recession as the nation’s Gross domestic Product (GDP) dropped to a record low
of 2.06 percent into the second quarter of 2016.
Published by the Daily Trust Newspaper on Thursday, 1st September, 2016
#Economy: FEC Approves 3-year External Borrowing Plan
The Federal Executive Council (FEC)
met yesterday and approved a three-year external borrowing plan that would run
from 2016 to 2018. Addressing the State House reporters after the FEC meeting
chaired by President Muhammadu Buhari, Finance Minister Kemi Adeosun said the
plan would be transmitted to the National Assembly for approval.
Published by the Daily Trust Newspaper on Thursday, 1st September, 2016
#Economy: Economy will Beat IMF Prediction –Presidency
The Presidency yesterday said the
Nigerian economy will beat the International Monetary Fund’s prediction. The Special
Adviser to the President on Economic Matters, Dr Adeyemi Dipeolu, said this in
a statement, even as he admitted that the rate of inflation and unemployment in
the country remains “stubbornly” high.
Published by the Daily Trust Newspaper on Thursday, 1st September, 2016
#Economy: Passage of CBN, NNPC Budgets’ll Boost Economy
The Presidency yesterday said that
the passage of the budgets of the Central Bank of Nigeria (CBN), Nigeria
National Petroleum Corporation (NNPC) and 36 other agencies would boost the
country’s economy.
Published by the Daily Trust Newspaper on Thursday, 1st September, 2016
#IndustryPulse: FG Unveils New Road Map for Mining
The Federal Executive Council (FEC)
yesterday approved a new road map for the growth and development of the nation’s
mining industry. The Minister of Solid Minerals, Kayode Fayemi, told the
journalists after the FEC meeting that the road map sought to increase
contribution of the sector to the Gross Domestic Product in line with President
Muhammadu Buhari’s vision to diversify the economy.
Published by the Daily Trust Newspaper on Thursday, 1st September, 2016
#Environment: Flood – Kaduna to Construct N675m refuse dumps
Kaduna State Government has
approved the construction of three new standard refuse dump sites, one in each
of the three senatorial districts and 10 transfer stations at the cost of N675million
to control flood in the state.
Published by the Daily Trust Newspaper on Thursday, 1st September, 2016
#Infrastructure: FG Builds N1.9bn Library for Unilag
The Federal Executive Council (FEC)
yesterday approved a contract for the reconstruction of a new library at the
University of Lagos for N1.935billion. Education Minister Adamu Adamu said
after the FEC meeting that the library built for the institution in 1964 had
neither been expanded nor modernised.
Published by the Daily Trust Newspaper on Thursday, 1st September, 2016
#MoU: Nigeria, UK Sign Repatriation Pact
The Federal Government has signed a
Memorandum of Understanding with the United Kingdom on proper repatriation and
proper profiling of Nigerians from the UK through the use of biometric and
biographic data.
Published by the Daily Trust Newspaper on Thursday, 1st September, 2016
#IndustryPulse: CBN Lifts FOREX Ban on 9 Banks as Naira Hits 423 a Dollar
The Central Bank of Nigeria (CBN)
has lifted the Foreign Exchange (FOREX) ban placed on nine banks over the breach
in remittances to the Treasury Singles Account (TSA).
Published by the Daily Trust Newspaper on Thursday, 1st September, 2016
#Agric: Rice Harvest Begins in Katsina State
Rice farmers have started smiling
to the bank, as early harvest of the produce begins in Katsina State, Daily Trust
reports. It was gathered that in line with the federal government’s
agricultural policy, many farmers in the state, this farming season,
concentrated in the cultivation of rice and maize to exploit the opportunities
therein as promised by the government.
Published by the Daily Trust Newspaper on Thursday, 1st September, 2016
#Agric #Environment: As Flood Forces Anambra Farmers into Premature
Harvests
Farmers in the flood-prone areas in
Anambra state are already counting their loss following the premature
harvesting of their crops over the impending flood predicted in the area.
Published by the Daily Trust Newspaper on Thursday, 1st September, 2016
#Agric: Fear of Insurgents Still Affecting Fish Business in Borno
The tasty dried fish from Borno
state popularly known as the ‘Baga dried fish’ that disappeared from the market
about three years ago, following the Boko Haram insurgency in the state has
started appearing in the famous Baga road fish market in Maiduguri, the state
capital, though not enough to revive the business.
Published by the Daily Trust Newspaper on Thursday, 1st September, 2016
#Empowerment: 12 Rural Women Empowered for Cocoyam Production in Imo
The ‘Offthehook Foundation For
Rural Dwellers’, a non-governmental organisation in Imo state has empowered
twelve rural women for the production of cocoyam.
Published by the Daily Trust Newspaper on Thursday, 1st September, 2016
#Empowerment: FG/IFAD Financial Inclusion Project Targets Poor Farmers
The Federal Government and the International
Fund for Agricultural Development (IFAD) have been assessing the impact of
their six-year Rural Financial Institution Building (RUFIN) programme on the financially
excluded rural farmers across 12 pilot states.
Published by the Daily Trust Newspaper on Thursday, 1st September, 2016
#Education: Osun Builds School of 72 Classrooms, 36 Toilets
The Osun state Government has built
a public secondary school in the state capital, Osogbo, with 72 classrooms of
40 square metres to sit 49 students each, six offices, six laboratories, 18
toilets for girls and another 18 for boys, library, a bookshop and a sick bay.
Published by the Daily Trust Newspaper on Thursday, 1st September, 2016
#Education: Chinese to be Taught in Schools
The Initiative of African Friends of
China has urged the Federal Government to approve the teaching of Chinese
language in secondary schools across the country. The group’s president, Fred
Ogwazu, made the call while signing a Memorandum of Understanding (MoU) with
DBS Media Ltd, a Nigerian creative media content agency in Lagos.
Published by the Daily Trust Newspaper on Thursday, 1st September, 2016
#Power: Nigerians Spend N3.5tr Generating Their Own Electricity Yearly
Due to irregular supply of public
electricity, about ($2.19billion) is spent yearly by businesses, families and
others in Nigeria to buy fuel for power generation.
Published by the Guardian Newspaper on Friday, 2nd September, 2016
#SDGs: Food Scarcity Threatens 35 million Nigerians
Eleven frontline states in northern
Nigeria are threatened with food scarcity due to extreme weather conditions.
Between 50 and 75 per cent of land in Bauchi, Borno, Gombe, Kano, Jigawa,
Katsina, Kebbi, Sokoto, Zamfara and Yobe states are under threat of
desertification due to global warming.
Published by the Guardian Newspaper on Friday, 2nd September, 2016
#StakeholdersAction: OPS Seeks Holistic Approach to Tackle Infrastructure
Deficit in Nigeria
Stakeholders in the Organised Private
sector (OPS) have stressed the need for the government to adopt a holistic approach
in addressing the huge infrastructure deficit, as well as identifying critical
sectors that would drive the nation’s diversified base.
Published by the Guardian Newspaper on Friday, 2nd September, 2016
#IndustryPulse: August Manufacturing PMI Declines to 42.1 Percent, says
CBN
The Central Bank of Nigeria (CBN)
yesterday reported that activities in the manufacturing sector in the Nigerian
economy shed weight by 2 per cent compared with the volume of July.
Published by the Guardian Newspaper on Friday, 2nd September, 2016
#Economy: Collateral Registry Will Bridge $62 Finance Gap, Boost
Production
Central Bank of Nigeria (CBN) has
said the National Collateral Registry, which it recently developed with the
support of the International Finance Corporation (IFC), to allow low-income
earners and small-scale entrepreneurs to secure loans against movable assets,
will not only increase local production but will help in reducing unemployment.
Published by the Guardian Newspaper on Friday, 2nd September, 2016
#StakeholdersAction: NLC Threatens Strike If Govt Increases Fuel Prices
The organised labor has threatened
to call out its members for a strike should the federal government increase pump
prices pf petroleum products.
Published by the Guardian Newspaper on Friday, 2nd September, 2016
#Partnership: ITF and UNIDO Partner to Bridge Skill Gap
Worried about the high rate of unemployment
in the country, the Industrial Training Fund (ITF) has announced plans to
bridge skills gap shortages to reduce the figure in the country.
Published by the Guardian Newspaper on Friday, 2nd September, 2016
#Power: Power Firms Appoint Ogaji as Executive Director
The Association of Power Generation
Companies (APGC) has announced the appointment of Dr Joy Ogaji as its pioneer
executive secretary. APGC is a non-profit and non-political organisation formed
to provide a platform to discuss issues of common interest relevant to the
Nigerian electricity generation industry, and proffer sustainable solutions to
sector challenges in the best interest of all stakeholders.
Published by the Guardian Newspaper on Friday, 2nd September, 2016
#Environment: Africa Forest Elephant May Take Almost A Century to Recover
from Poaching
Africa’s rare forest elephant which
play a key role in replenishing the central African rain forests will neeed
almost a century to recover from an onslaught by ivory poachers because of
their slow birth rate, a study published on Wednesday said.
Published by the Guardian Newspaper on Friday, 2nd September, 2016
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