#Education: 4,403 Ebonyi Teachers Fail Certificate Screening
The Ebonyi State Universal Basic
Education Board has said that a total of 4,403 primary schoolteachers in the
state failed a test conducted by the board. The leader of the board’s
investigating committee, PNKLrof. Anthony Ani, announced this in Abakaliki, the
state capital on Friday while presenting the committee’s report to the board.
Published by the Punch Newspaper on Monday, October 24, 2016
#Power: Power Firms Demand 200% Increase in Tariff
There may be a fresh increase of
over 200 per cent in electricity tariff being paid by residential consumers if
a proposal by power distribution companies to raise the average energy charge
to N105 per kilowatt-hour from the current rate of 22.8KWH is approved. This is
coming less than eight months after about 45 per cent increase in tariff was
imposed on electricity consumers nationwide.
Published by the Punch Newspaper on Monday, October 24, 2016
#Business: Eight Months of Forcados Shutdown Cost Nigeria N689bn
The country has lost at least
N689bn to the suspension of exports of Forcados, one of the nation’s largest
crude oil grades, since February. Friday, October 21, 2016 marked exactly eight
months that Shell declared force majeure on the export of Forcados.
Published by the Punch Newspaper on Monday, October 24, 2016
Business: Recession - Dangote Sacks 36 Expatriates, 12 Nigerians
The current recession rocking the
Nigerian economy has hit one of the biggest employers of labour in the country
outside of the government as the Dangote Group, belonging to Africa’s richest
man, Aliko Dangote, has fired 48 members of staff.
Published by the Punch Newspaper on Monday, October 24, 2016
#Power #StakeholdersAction: Power Firms Seek FG’s Intervention on Tariff
To avert an increase of over 200
per cent in electricity tariff payable by residential consumers in the near
future, the Federal Government has to intervene in the sector, power
distribution companies have said. According to them, the government’s
intervention is vital in order to address the N809bn revenue shortfall in the
industry.
Published by the Punch Newspaper on Monday, October 24, 2016
#Industry: Nigeria Mining Week to Tackle Sector Reform
Minister of Mines and Steel
Development, Dr. Kayode Fayemi, is billed to address the issues limiting the
country as a mining destination at this year’s Nigeria Mining week put together
by the Miners Association of Nigeria (MAN) in partnership with Spintelligent
and PricewaterhouseCoopers (PwC) Nigeria, to address the deficit witnessed in
the sector.
Published by the Vanguard Newspaper on Tuesday, October 25, 2016
#Power: Three-Week Power Generation Averages 4,154MW
Nigeria’s power supply maintained
an average of 4154 megawatts (mw) in the first three weeks of this month, with
generation for the period under review recordinga peak of about 4362mw on the
12th of October.
Published by the Vanguard Newspaper on Tuesday, October 25, 2016
#Technology: Systemspecs Releases Remita Mobile, Targets Pan-African Expansion
Systemspecs will release the mobile
version of Remita e-payment and e-collection platform before year-end, as it
targets pan-African expansion. From their smart and feature phones, millions of
Nigerians will now be able to make payments from any of their commercial or
micro-finance bank accounts or through any debit or credit card to thousands of
merchants and billers in Nigeria when SystemSpecs, creators of the Remita
e-payment platform, releases the mobile version of the application by the end
of this year.
Published by the Vanguard Newspaper on Tuesday, October 25, 2016
#Oil & Gas: ExxonMobil Divestment: Investors Pull Back Bullish
Sentiment
The divestment of ExxonMobil,
United State-based international oil company, from the Nigerian subsidiary,
Mobil Oil Nigeria (MON) Plc, may have resonated positively with the Nigerian
investors as the company’s stock recorded significant appreciation in the
Nigerian Stock Exchange, NSE, in the first few days trading, post-divestment
announcement.
Published by the Vanguard Newspaper on Tuesday, October 25, 2016
#StakeholderActions: Government to reduce number of agencies at ports
Worried about the loss of business
to neighbouring countries arising from low competitiveness, indications emerged
at the weekend that the Federal Government may further reduce the number of
agencies at the nation’s ports. This is part of measures to address complaints
bordering on the ease of doing business. The Government said efforts are
underway to reduce human intervention at the ports, some of which have been
responsible for the poor operational efficiency, by deploying technology and
increasing stakeholder collaboration on regulatory frameworks.
Published by the Guardian Newspaper Tuesday, October 25, 2016
#MSMEs: #BoI, Benue government seal N2bn MSMEs financing deal
The Bank of Industry (Bol) has
co-launched a N2 billion Micro Small and Medium Enterprises(MSMEs) development
fund with the Benue State government. Under the financing model, BoI will
contribute N1billon which will in turn be matched in equal sum by the Benue
State Government for on-lending to mainly businesses that have high employment
generating potential and value addition to local raw materials.
Published by the Guardian Newspaper Tuesday, October 25, 2016
#Environment: Climate Change Adaptation Key Component Of Agric Policy –
Ogbeh
The minister of agriculture and
rural development, Chief Audu Ogbeh, has said that climate change adaptation
for environmental sustainability and increased food production is a key
component of the Agricultural Promotion Policy of the federal government.
Published by the Leadership Newspaper on Wednesday, 26th October, 2016
#Investment: AfDB Assures of Accelerated Investment to Solve Africa’s
Energy Crisis
The President of the African
Development Bank, AfDB, Akinwumi Adesina has reiterated the bank’s
determination to fund critical power projects in Africa with hope of ensuring
the continent get over the recurring energy crises.
Published by the Leadership Newspaper on Wednesday, 26th October, 2016
#Empowerment: N500m Fund Will Help The Disabled Realise Potentials –
Ambode
Lagos State governor, Mr. Akinwunmi
Ambode yesterday inaugurated the Governing Board of the Office for Disability
Affairs to manage the N500million Disability Trust Fund. He said the fund would
help people living with disabilities to bring out their potentials and be self-reliant.
Published by the Leadership Newspaper on Wednesday, 26th October, 2016
Investment: Nigeria Safe for Investors – Shittu
The Minister of Communications,
Barrister Abdur-Raheem Adebayo Shittu yesterday in Abuja further
reiterated the present administration’s resolve to make Nigeria’s business
environment safe and conducive for investors.
Published by the Leadership Newspaper on Wednesday, 26th October, 2016
#Agric #Investment: Investment in Agricultural Panacea to Economic
Recession
Governor Udom Emmanuel of Akwa Ibom
has identified massive investment in the agricultural sector as panacea to the
prevailing economic recession.
Emmanuel said agriculture has the
potential of increasing the revenue base of the country, create wealth,
generate employment as well as sustain the economy.
Published by the Leadership Newspaper on Wednesday, 26th October, 2016
#Agric:
Agric Bank to Assist Farmers, Youths with Loans
The Bank of Agriculture (BOA) has pleged to provide financial
and other support services to farmers and youths in the country to boost
food production through mechanised farming system.
Published
by This Day Newspaper on Thursday, 27th October, 2016
#Infrastructure:
FG to Spend 61% of External Borrowing on Power, Rail, Other Infrastructure Projects
Details of the federal government’s $29.96 billion External
Borrowing (Rolling) Plan for 2016-2018 have revealed that 61.2 per cent of the foreign
loans have been earmarked for bankable infrastructure projects while social
programmes in health and education, the federal government’s budget support
facility, agriculture and the Eurobond issue account for the balance.
Published
by This Day Newspaper on Thursday, 27th October, 2016
#Empowerment:
Releases N25bn for Social Intervention Programme
After several months of touting its social intervention
programme, the federal government finally announced Wednesday that it had
released N25 billion, translating to five per cent of the N500 billion
earmarked for the programme in the 2016 budget.
Published
by This Day Newspaper on Thursday, 27th October, 2016
#Power: No
Plan to Raise Electricity Tariffs
Dousing mounting concerns over another hike in electricity
tariffs, the Association of Nigerian Electricity Distributors (ANED) Wednesday
said it had no plan to increase the current tariffs being paid by consumers.
Published
by This Day Newspaper on Thursday, 27th October, 2016
#Health: Sokoto
to Administer 3.6m Doses of Anti-Malaria Drugs
Following reported outbreak of malaria in some parts of
Sokoto town, which has led to the death of five persons this month, the state
government said it would administer 3.6 million doses of anti-malaria drugs on
the people of the state in the next four weeks.
Published
by This Day Newspaper on Thursday, 27th October, 2016
#Health: USAID
Donates 4.5 Million Mosquito Bed Nets to Oyo State
The Mission Director Representative of the United States
Agency for International Development (USAID), Nigeria, Dr. Rick Niska has
handed over 4.5 million bed nets to Oyo State Governor, Senator Abiola Ajimobi
for the state.
Published
by This Day Newspaper on Thursday, 27th October, 2016
