#Economy: Nigeria Has No Record of Its Oil, Non-Oil Export Activities
since June 2015
The Senate was on Monday told that
Nigeria has since June 2015, been exporting its oil and non-oil products
without documentation. This was just as it heard that the development has made
the country lost over N23.6 billion expected to be repatriated proceeds of the
export within the period.
Published by the Vanguard Newspaper on Monday, February 20, 2017
#StakeholdersAction: Expert Decries Unexplored 230 Million Tonnes of Iron
Ore
Following the upward trend in
global price of mineral commodities for the past two years as oil prices went
down, a mining expert and Director of Exploration at Orbitwaves Geosciences
Ltd, Jerry Solomon, has decried the unexplored 230 million tonnes of iron ore
deposit in Nigeria.
Published by the Vanguard Newspaper on Monday, February 20, 2017
#MSMEs: Osinbajo to Open MSMEs Clinic in Ilorin
The Acting President, Prof. Yemi
Osinbajo will on Thursday in Ilorin declare open a-three day Micro, Small and
Medium Enterprises (MSMEs) Clinic for viable enterprises. The Chief Operating
Officer, Kwara State MSMEs Bureau, Mr Segun Soewu said this in Ilorin on
Monday.
Published by the Vanguard Newspaper on Monday, February 20, 2017
#Award: Sen. Sirika Receives Kwame Nkrumah Award for Exemplary Leadership
The Minister of State for Aviation,
Sen. Hadi Sirika, has received “The Kwame Nkrumah Award” from the All
African Students Union (AASU), for outstanding performance in office and
exemplary leadership.
Published by the Vanguard Newspaper on Monday, February 20, 2017
#IndustryPulse: JAMB Receives 11. 7m Applications in 6 Years – NBS
The National Bureau of Statistics
(NBS) has said the Joint Admissions and Matriculation Board (JAMB) data
reflected that 11,703,709 applications were received between 2010 and 2016.
Published by the Vanguard Newspaper on Monday, February 20, 2017
#Economy: Nigeria’s Debt Profile Now $57.39bn —DMO DG
The Debt Management Office, DMO,
said yesterday that the nation’s total debt profile currently stood at $57.39
billion. Director-General of DMO, Dr. Abraham Nwankwo, who disclosed this when
he appeared before the Senator Shehu Sani’s Committee on Foreign and Local
Debts to defend his agency’s budget proposal, said the total debt stock
comprised external and domestic debts of the federal government, those of the
36 states of the federation and the Federal Capital Territory, FCT, as at
December 31, 2016
Published by the Vanguard Newspaper on Monday, February 20, 2017
#IndustryPulse: Nigeria Highly Prepared For Nuclear, Radiation
Emergencies — FG
The Federal Government, weekend,
disclosed that Nigeria currently has strong emergency preparedness for any form
of nuclear and radiation incident or accident anywhere in the country.
Published by the Vanguard Newspaper on Monday, February 20, 2017
#IndustryPulse: Guinness Nigeria Unveils 2016 Sustainability Report,
Outlines Future Goals
Guinness Nigeria Plc, a foremost
total beverage alcohol company in the country, has released its Sustainability
Report for 2016, indicating its performance on various aspects of its
operations, while outlining its sustainability targets for the future.
Published by the Vanguard Newspaper on Monday, February 20, 2017
#IndustryPulse: CBN, Banks To Verify Tax Clearance Certificates, Flight
Tickets
As part of measures to implement
the new foreign exchange measures to address the depreciation of the naira in
the parallel market, the Central Bank of Nigeria, CBN, and commercial banks
will collaborate with state governments to verify tax clearance certificates.
Published by the Vanguard Newspaper on Monday, February 20, 2017
#IndustryPulse: FG Retirees Face N63bn Shortfall in Budgeted Benefits
The National Pension Commission
(PenCom) has requested for N113.0 billion for Federal Government retirees in
2017. This figure indicates a huge shortfall of N62.8 billion, or 55.6 per cent
gap, in allocation provided by the Federal Government in the 2017 budget
estimates.
Published by the Vanguard Newspaper on Monday, February 20, 2017
#Infrastructure: Lagos State to Renovate National Stadium
The Lagos state government has
expressed interest in the renovation of the National Stadium in Surulere Lagos.
Governor Akinwunmi Ambode made the state’s intent known when he paid a
condolence and courtesy visit on the Minister of Youth and Sports
Barrister Solomon Dalung at his residence in Abuja at the weekend.
Published by the Vanguard Newspaper on Monday, February 20, 2017
#Health: FG Launches N/East Health Sector Humanitarian Crisis Response
Plan
The Federal
Government has officially launched the North East Health Sector Humanitarian
Crisis response plan. The document was launched last week by the Minister of
Health, Professor Isaac Adewole during the opening session of the National
Council of Health meeting in Abia State.
Published by the Vanguard Newspaper on Monday, February 20, 2017
#Infrastructure: Niger Govt to Establish another School Of Nursing in
Kontagora
In an effort to boost the standard
of education in Niger State, the state government has said that it will
establish another school of nursing in Kontagora, to bring the number of such
educational institutions in the state to three.
Published by This Day Newspaper on Tuesday, February 21, 2017
#Empowerment: GOC Organises Training for Army Formations
As part of efforts to curtail the
numerous security challenges facing the nation such as insurgency, cattle
rustling, ethnic crises in the north and kidnappings, militancy, and pipeline
vandalism among others in the south, the General Officer Commanding (GOC) of
the Nigerian army, Division 3 Jos, Major General Peter Dauke, has organised a
special operational planning cadre course for soldiers drawn from about 10 army
formations under the division.
Published by This Day Newspaper on Tuesday, February 21, 2017
#Business: Wema Bank Takes Savings Products to LASU
Wema Bank Plc is promoting savings
culture and digital banking experiences among the newly admitted students of
Lagos State University (LASU). Speaking during the LASU 2017 orientation
programme, held at its Ojo campus, Wema Bank Regional Manager, Apapa, Femi
Olowoyeye, said the lender had been participating in institution’s orientation
programme for the past two years, with the aim of boosting students’ digital
banking experience and offering quality services.
Published by This Day Newspaper on Tuesday, February 21, 2017
#Business: NB Plc Records 25% Profit Decline, Recommends N20bn Final
Dividend
Nigerian Breweries Plc on Monday
announced its audited results for the year ended December 31, 2016, showing a
decline of 25 per cent in profit after tax (PAT), reflecting the challenging
operating environment.
Published by This Day Newspaper on Tuesday, February 21, 2017
#Economy: Naira Firms on Black Market After Central Bank Action - BDC Traders
Nigeria's Naira firmed 1.1 percent
to 510 on the black market on Wednesday, bureau de change (BDC) traders said,
after the Central Bank of Nigeria (CBN) started to supply dollars for retail transactions
in a bid to narrow the spread with the official exchange rate.
Published by the Daily Trust on Wednesday, February 22, 2017
#Award: Nigerian Students Win DSTV Award
Emmanuel Ochenjele, a Nigerian
student, has been announced the winner (Poster Category), 6th Edition of DStv
Eutelsat Star Awards, 2017. Ochenjele won the start prize for his depiction of
a constellation of diverse satellites, all contributing towards the advancement
of solutions to challenges such as global warming, conservation of
biodiversity, as well as stable energy supply
Published by the Daily Trust on Wednesday, February 22, 2017
#CSR #Health: Etisalat Donates To Healthcare
Etisalat Nigeria, has again
affirmed its commitment to the improvement of healthcare in Nigeria, by
donating computers to General Hospital, Gbagada, Lagos. Speaking at the
handover ceremony, Director, Regulatory and CSR, Etisalat Nigeria, Ikenna
Ikeme, said the move is in furtherance of the company’s commitment to
continuously support efforts that improve access to good quality healthcare for
Nigerians.
Published by the Daily Trust on Wednesday, February 22, 2017
#IndustryPulse: Union Bank Parades Transformation Drive @ 100
Union Bank, one of the leading
banks in Nigeria is 100 years old in business, and its management is
celebrating the 100th Anniversary in grand style. Union Bank was
established in 1917 as Colonial Bank and in 1922, Barclays Bank acquired it,
changing the name to Barclays Bank DCO (Dominion, Colonial and Overseas). Over
the years, the bank has evolved to become one of Nigeria’s leading financial
institutions.
Published by the Daily Trust on Wednesday, February 22, 2017
#Agric: Tomato Growers Demand Price Review From Dangote
Ahead of its planned resumption of
production by the end of this month, the Kano State Tomato Growers Association
of Nigeria (TOGAN), has asked Dangote Tomato Factory in Kano to review its
pricing ceiling for tomato per basket.
Published by the Daily Trust on Wednesday, February 22, 2017
#Economy: CBN Floods FX Market with $500m
The Central Bank of Nigeria (CBN)
yesterday intervened in the interbank Foreign Exchange (FOREX) market with $500
million to meet the requests of customers. A statement from the bank said that
the qualified bids for the United States dollars ranged from N315 to N360,
adding that seven banks received full allotments of their respective bids
valued at $37,500,000 each. Other banks received allotments ranging from $46,
512.50 to $15,578,081.51. The total sum transacted was $370,810,810.79 to 23
banks.
Published by the Daily Trust on Wednesday, February 22, 2017
#IndustryPulse: FCMB Offers Free Banking Services To SMEs
First City Monument Bank (FCMB)
Limited has introduced free banking transactions for a period of three months
for new-to-FCMB customers operating in the Small and Medium Scale Enterprises, SMEs, segment.
Published by the Daily Trust on Wednesday, February 22, 2017
Economy: Nigeria’s $732m Trade with Cameroon Threatened as Crises Linger
Current crises in the English
speaking part of Cameroon, which accounts for about 19 percent of the
population clustered around the South-West and North-West of the country,
violate fundamental human rights and have the potential to cost Nigeria over
$732 million in foreign exchange
Published in the Business Day Newspaper on Thursday, February 23, 2017
#Health #IndustryPulse: African Pharma Industry Sees $40bn Prospects In
Non-Communicable Diseases
African pharmaceutical industry
stands to benefit from business opportunity in drugs manufacture valued at
$40.8 billion in 2019, on the back of growing incidence of non-communicable
diseases (NCDs) across sub-Saharan Africa, such as cardiovascular disease,
cancer, diabetes and respiratory disease, in addition to infectious and
parasitic illness, according to a new study.
Published in the Business Day Newspaper on Thursday, February 23, 2017
#Investment: FG, Investors Meet Over Issuance Of Sovereign Green Bonds
Nigeria’s aspiration to become a
green economy has further advanced towards fruition, as the federal government
on Wednesday met with investors and capital markets operators in Lagos for the
first ever Green Bonds Conference in the country.
Published in the Business Day Newspaper on Thursday, February 23, 2017
#Empowerment: Shell LiveWIRE Doles Out another N40m to 100 Young
Entrepreneurs
Shell LiveWIRE Nigeria says it has
awarded a total of N40m (US $126k) in funding to 100 young entrepreneurs who
have successfully completed the 2016 enterprise development programme. Each
received N400k (US $1,260) to enable them start-up and grow their own
businesses.
Published in the Business Day Newspaper on Thursday, February 23, 2017
#IndustryPulse: Air Peace Receives 12th Aircraft, Opens Lekki Office
One of Nigeria’s domestic
airlines, Air Peace, has taken delivery of its 12th aircraft, a
114-capacity Boeing 737-500. Its Chief Operating Officer, Mrs Oluwatoyin
Olajide, told newsmen on Wednesday in Lagos that the aircraft landed at the
Murtala Muhammed Airport in Lagos at about 2.15p.m. on Tuesday.
Published in the Business Day Newspaper on Thursday, February 23, 2017
#Investment: NSE Indices Depreciate By 0.01%
The market indices of the Nigerian
Stock Exchange (NSE), on Wednesday dropped by 0.01 per cent after a
two-day marginal growth. The News Agency of Nigeria (NAN) reports that the
market capitalisation, which opened at N8.739, trillion lost one billion naira
or 0.01 per cent to close at N8.738 trillion due to price losses.
Published in the Business Day Newspaper on Thursday, February 23, 2017
New CBN FX Policy to Ease Liquidity for Banks – Fitch
International credit rating firm,
Fitch has said that measures announced on 20 February by the Central Bank of
Nigeria (CBN) may ease some of the severe foreign currency liquidity pressure
faced by the Nigerian banks.
Published in the Business Day Newspaper on Thursday, February 23, 2017
StakeholdersAction: MAN Advises CBN to Sustain New Forex Directive
The Manufacturers Association of
Nigeria (MAN) on Friday advised CBN to sustain its current directive on forex
sales to rebound output by manufacturers. The President of MAN, Mr Frank
Jacobs, told the News Agency of Nigeria (NAN) in Lagos that the advice became
necessary because the directive would help in strengthening the naira for
production purposes.
Published by the Guardian Newspaper on Friday, February 24, 2017
#Health: WHO Says 300 Million People Suffer Depression, 800,000 Commit
Suicide Yearly
More than 300 million people of all
ages suffer from depression, which is the leading cause of disability
worldwide, and is a major contributor to the overall global burden of disease,
according to the World Health Organisation (WHO).
Published by the Guardian Newspaper on Friday, February 24, 2017
#Investment: Nigeria Plans $64m Green Bond Issue by April
The Federal Government plans to
launch a N20 billion ($64 million) green bond in April to fund projects and
enhance sustainable development. Acting President Yemi Osinbajo stated this
yesterday while addressing participants at the Green Bonds Capital Market &
Investors Conference organised by the Federal Ministry of the Environment and
the Debt Management Office (DMO) at the Nigerian Stock Exchange (NSE) in Lagos.
Published by the Guardian Newspaper on Friday, February 24, 2017
#IndustryPulse: NBA Urges Government to Roll out Anti-Graft War in MDAs
As part of efforts at mitigating
high level of corruption in Ministries, Departments and Agencies (MDAs),
President of the Nigerian Bar Association (NBA), Abubakar Mahmoud has advocated
the establishment of a secret agency to monitor the activities of officials
with the view to prosecuting them.
Published by the Guardian Newspaper on Friday, February 24, 2017
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