CSR News Summary Issue 112

CSR: MFM Splashes N91m on 180 first class graduates

Mountain of Fire and Miracles  Ministries on Saturday offered financial rewards of N91 million on its members who earned first class grades from different universities across the country .

Published in the Punch Newspaper Sunday August 2, 2015

ICT: Abuja international Techno Expo

Abuja, Nigeria’s capital city will this year host the first ever international Technology Expo in Nigeria to showcase what is trending in the world of technology, as companies set to deploy heavily for the exhibitions.

Published in the This Day Newspaper Sunday August 2, 2015

MSMEs: BOI Disburses N497m to SMEs in Niger

Managing Director, Bank of Industry (BOI), Mr Rasheed Olaoluwa, has put the loan disbursement to entrepreneurs under its Micro Small and medium Enterprises Fund (MSME) in Niger state at N497 million.

Published in the This Day Newspaper Sunday August 2, 2015

Petroleum: Kaduna Refinery Set To Pump Five Million Litres Of Petrol Daily Into Economy

A billow of fire and thick fumes of burnt hydrocarbons to kaduna residents is signal that the Kaduna refinery and petrochemical Company, KRPC is accompanied by a flurry of activities, especially heavy traffic of petrol tankers, in and around the 1.2 square mile refinery, which is unarguably the biggest government investment north of the Niger Benue.

Published in the This Day Newspaper Sunday August 2, 2015

Power: Exxon Mobil to commit $3bn for gas utilisation projects over five years

US oil producing giant Exxon Mobil, says it is committing $3 billion to gas resource development in Nigeria. This sum is $1.2 billion higher than the $1.8 billion investments the company has committed to gas projects in the country in the last three decades.

Published in the Business Day Newspaper Monday August 3, 2015

Fiscal Sustainability: Annual Premium Flight in Insurance Industry Hits N148.5 Billion

While stakeholders in the Nigerian insurance industry are celebrating the increase in gross income by 24 percent to N319 billion (1.60 billion) from N258 billion in 2013, THISDAY findings have revealed that the annual premium flight in the industry has now reached N148.5 billion ($750 million).

Published in the This Day Newspaper Monday August 3, 2015

Fiscal Sustainability: Skye Bank Post N10.07 Billion Profit in Six Months

Skye Bank Plc has announced gross earnings of N85.2 billion for the half year ended June 30, 2015, showing an increase of 33 per cent over the N63.9 billion recorded in the corresponding period in 2014.

Published in the This Day Newspaper Monday August 3, 2015

Industry Pulse: Airtel Nigeria Emerges Telecoms Company of the year

For its laudable contribution to the growth of the telecoms industry in Nigeria, Airtel Nigeria has been named Africa’s Telecommunications Company of the Year. The award was conferred on the Telco recently at the 6^th African Business Leadership Forum & Awards 2015, which held at the Hilton London Metropole, United Kingdom.

Published in the This Day Newspaper Monday August 3, 2015

Petroleum: Orient Petroleum to hit 3,000bpd mark in September, plans gas plant

Orient Petroleum Resources Plc has concluded plans to increase the production of crude oil in its wells to 3,000 barrels per day next month. The company is also considering an indigenous company known as Nails & Stanley Ltd to establish a gas plant in Umueje in Ayamelum Local Government Area, Anambra.

Published in the Daily Sun Newspaper Tuesday August 4, 2015

Partnership: Nnamdi Azikiwe University and the Republic of Korea for collaboration in linkage programmes

The Ambassador of the Republic of Korea to Nigeria, Noh Kyu, has said that the Korean government is willing to partner with Nnamdi Azikiwe University, Awka, Anambra state, in the areas of education, entrepreneurship, manpower development, technology and sports.

Published in the Daily Sun Newspaper Tuesday August 4, 2015

Youth Empowerment: Etisalat, DigitalSENSE engage students on internet governance development

Following the need to create more awareness in internet neutrality, Etisalat Nigeria in conjunction with DigitalSENSE (DS)Africa Media, engaged Nigerian students from 18 to 30 years in essay competition.

Published in the Daily Sun Newspaper Tuesday August 4, 2015

CSR: World Bank Offers N1.4bn to 10 Nigerian Varsities

The World Bank has released the first tranche of payment totaling N1.4bn to 10 Nigerian universities listed among the African Centers of Excellence. The fund is for the ACE project to shore up the ranking of the universities in agriculture, health, science, technology, engineering and mathematics.

Published in the Punch Newspaper Tuesday August 4, 2015

Petroleum: Forte Oil to Strengthen operations with additional capital

The Group Managing Director, Forte Oil Plc, Mr Akin Akinfemiwa, has said that the company will strengthen its operation through the injection of additional capital in the coming weeks. Akinfemiwa said this in Lagos on Monday during a ‘Facts Behind the Figures’ presentation at the Nigerian Stock Exchange.

Published in the Punch Newspaper Tuesday August 4, 2015

CSR: UBA resuscitates professional chair at UNILAG with N52.9m

As part of its corporate social responsibility, the United Bank for Africa Plc has presented N52.9m to the University of Lagos for resuscitation of its Professional Chair of Finance.

Published in the Punch Newspaper Tuesday August 4, 2015

Partnership: Cross River, Ireland Partner for development

Cross River State and Republic of island are to partner for the development of the South-south state. Governor Ben Ayade yesterday visited the Irish Ambassador to Nigeria, Sean Hoy, with a request for a stronger partnership that would engender growth and prosperity for his state and the Republic of Ireland.

 Published in The Nation Newspaper Wednesday August 5, 2015

Financial Inclusion: Access Bank Launches promo for women

Access Bank has launched a special promo for women, tagged, ‘Let’s Save Promo.’ It is a unique, first of its kind promo. It is a unique, first of its kind promo, aimed at encouraging women to save. The bank rewards women who save under the product scheme.

Published in The Nation Newspaper Wednesday August 5, 2015

CSR: Jaiz banks gives out N500m to charity

JAIZ bank, which specializes in the Islamic banking system has given out N500 million to charity in the last few months. The donations were done through an arm of the bank called Jaiz Foundation.

Published in The Nation Newspaper Wednesday August 5, 2015

Fiscal Sustainability: Diamond Bank votes N6.6b for bad loans

Diamond bank Plc has posted N5.8 billion Profit before Tax (PBT) in the second quarter of the year. But the profit declined by 15 percent compared to that of the previous year, at N5.1 billion, representing a 13 percent decrease.

 Published in The Nation Newspaper Wednesday August 5, 2015

CSR: Health centre gets borehole generating set

Members of staff of Oyo state branch of the Central Bank Nigeria (CBN) have donated borehole and generating set to Ojo Health Centre in Akinyele Local Government area of Oyo State.

Published in The Nation Newspaper Wednesday August 5, 2015

SDGs: Government Urged to implement SDGs

A Group, Campaign 2015+international has called on Federal Government to accelerate the implementation of Sustainable development Goals (SDGs), which are successor goals to the Millennium Development Goals (MDGs) that expires in September.

Published in The Nation Newspaper Wednesday August 5, 2015

Youth Empowerment: Group canvasses youth empowerment

In its bid towards re-positioning and empowering youths in the Yoruba states, O’odua  Youth Congress, a socio-cultural organisation has called for the repositioning and enlarging empowerment opportunities for all Yoruba youths.

Published in The Nation Newspaper Wednesday August 5, 2015

Youth Empowerment: Computer training for 300 youths

Over 300 youths will benefit from free computer training, a lawmaker representing Oshodi/Isolo State Constituency, Hon Jude Idimogu has said, this he said, is in fulfillment of promises he made to the people during the electioneering campaigns.

Published in The Nation Newspaper Wednesday August 5, 2015

Industry Pulse: Glitz as Rotary gets new president in calabar

It was all glitz and glamour as the Rotary Club of Calabar-Tinapa District9140 installed its seventh president for the 2015/2016 year.

Published in The Nation Newspaper Wednesday August 5, 2015

CSR: Rotary club donates food, other items worth over N2m to needy homes

The Rotary Club of Nnewi, Rotary International District 9140 has presented three less privileged homes in the state with goods worth over N2 million. The beneficiary homes are Red Cross Motherless Babies Home Nnewi, Jesus Abandon Foundation, Oraifite, and Rehabilitation Center for the Old, Orphans and Tramps, RECDOT, Ozubulu.

Published in Vanguard Newspaper Wednesday August 5, 2015

Health: 1,500 natives benefit from N2.5m free medical care

Over 1,500 natives of Nara in Nkanu-East Local Government Area of Enugu State, have benefited from free medical care offered by a not-for-profit organization, Pleasant Gathering Club, at a two-day annual medical outreach scheme.

Published in the Vanguard Newspaper Wednesday August 5, 2015

Power: Tech-power, better source of power generation

Nigerians have been urged to embrace tech-power, as an alternative to power, as it has been proven to be a better source of energy generation in the developed world.

Published in the Vanguard Newspaper Wednesday August 5, 2015

Internet Connectivity: GLO customers get hotspots in 42 countries

Subscribers on the Globacom network, who travel outside the country, are to enjoy wi-fi roaming in 42 countries where they can access over 300,000 internet hotspots.

Published in the Vanguard Newspaper Wednesday August 5, 2015

Industry Pulse: Buhari appoints Kachukwu as new NNPC GMD

President Muhammadu Buhari, yesterday, replaced Dr. Joseph Thlama dawha and appointed Dr Emmanuel Ibe Kachukwu, as the Group Managing Director, GMD, Nigerian National Petroleum Corporation, NNPC.

Published in the Vanguard Newspaper Wednesday August 5, 2015

Partnership: Akwa Ibom to partner BOI on Industrialisation

Determined to tackle unemployment in the state, the Akwa Ibom State  Government is to collaborate with the Bank of Industry, BOI, for the industrialization of the state, even as it has commenced instilling entrepreneurial culture among the people of the state.

Published in the Vanguard Newspaper Thursday August 6, 2015

Youth Empowerment: Intel Paves way for young developers

An organisation known worldwide for its culture of investing in people, Intel Corporation has reached thousands of youths across different African countries through its intel Developer Zone, IDZ.

Published in the Vanguard Newspaper Thursday August 6, 2015

Fiscal Sustainability: Royal Exchange Earns N9.43b Income

Royal Exchange Plc generated gross written premium of N9.43 billion in 2014 as against N9.08 billion recorded in 2013, the Group Chairman, Kenneth Odogwu said.

Published in the Daily Independent Newspaper Thursday August 6, 2015

Education: Nigerian Law School Releases Bar Finals Result

The Council of Legal Education, the authority that runs the Nigerian Law School, has released the results of both the Bar Final Resit examinations held in April 2015 and the Bar Final examinations for regular students conducted in May 2015.

Published in the This Day Newspaper Friday August 7, 2015

Industry Pulse: Drone Club Wins Award

The Drone has won the MTN/Mahindra Comviva Most Innovative Exhibitor Award at the just concluded Tech+ Conference and Exhibitions held at the prestigious Eko Hotels and Suites, Lagos. The award was received by DJ Tee and James Amuta, whose companies are pioneer members of the club.

Published in the This Day Newspaper Friday August 7, 2015

Fiscal Sustainability: Equity Assurance Announces N310 Million Profit

Equity Assurance Plc has said it made a profit of N310 million in its financial year ended 31^st December 2014. This marks a significant growth in the life of the company from a financial loss position of N365 million it made in the previous year.

Published in the This Day Newspaper Friday August 7, 2015

Financial Inclusion: Access Bank Introduces Scheme to Ease Customers Trade

Access Bank Plc and GMT Nigeria Limited have developed a new business solution, which according to both organisations would revolutionize international trade in Nigeria.

Published in the This Day Newspaper Friday August 7, 2015

Partnership: EU Partners Kano on business Licensing Reforms

Concerned about the business and investment environment in Kano, the European Union (EU) has partnered the state government in a programme tagged Business Licensing Reform (BLR) to seek ways to improve the sector.

Published in the Guardian Newspaper Friday August 7, 2015

CSR News Summary Issue 111

Philanthropy: Dankwambo Donates To Gombe Blast Victims

Governor Ibrahim Hassan Dankwambo of Gombe state has donated two million naira to victims of Gombe multiple bomb strikes, when he visited those receiving treatment at federal Teaching Hospital in the state capital at the weekend.

Published in the Guardian Newspaper Sunday, July 26, 2015

Agribusiness: Nigeria Earns N472bn From Cocoa, Others

The country earned a total sum of $2.4bn (N472bn) from the exportation of cocoa, rubber, and other non-oil commodities within the 2014 fiscal period, figures obtained from the Nigerian Export Promotion Council have revealed.

Published in the Punch Newspaper Sunday, July 26, 2015

Industry Pulse: NIMASA Gets Another Acting DG

Barely four years after Mr Calistus Obi was appointed as the acting Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), following the removal of Dr Patrick Ziakede Akpobolokemi from office by President Muhammadu Buhari another person has emerged as the acting Director General of the Government agency. He is Mr haruna Baba Jauro.

Published in the This day Newspaper Sunday, July 26, 2015

Agribusiness: AAEUN Canvasses Establishment of Agric Trust Fund

The Sokoto State Chairman of the Agricultural and Allied Employees Union of Nigeria (AAEUN), Alhaji Abubakar Malami, yesterday advocated for the establishment of a special Agricultural Trust Fund in the country.

Published in the This day Newspaper Sunday, July 26, 2015

Agribusiness: Agribusiness Subsidiary Invest in Extraction Cup Technology

Transcorp Plc recently announced that its agribusiness subsidiary Teragro Commodities Limited has acquired and installed extraction cup technology, which instantly enables the company to deliver superior quality juice concentrate that meet international quality standards.

Published in the This day Newspaper Sunday, July 26, 2015

Power: Transcorp Ughelli Power Limited Records Significant Progress

Transcorp Ugheli Power limited, which is the core investor in Ughelli Power Plant, recently reported significant progress towards realizing its plans to rise up the generation capacity of the plant from the current installed capacity of 972 megawatts (MW) to2,200MW in the next three years.

Published in the This day Newspaper Sunday, July 26, 2015

Industry Pulse: Odusile Emerges New NUJ President

Managing director of The Nation Newspaper and contestant for the office of president, Nigeria Union of Journalists (NUJ), Waheed Odusile in the early hours of yesterday beat five opponents to clinch the office.

Published in the This day Newspaper Sunday, July 26, 2015

Youth Employment: Graduatepro’s Audiobook Project To The Rescue Of Job Seekers

Succour has finally come for millions of unemployed youths in Africa as Graduatepro, an audacious audiobook project aimed at addressing unemployment among Africa’s youth population , titled “I’m A Graduate, Now What was last week unveiled in Lagos.

Published in the Vanguard Newspaper Sunday, July 26, 2015

Sustainable Initiative: Banks Increase Provision for Bad Loans in First Half Results

Banks have increased their provisioning for bad loans for the first half (HI) ended June 30, 2015 as a proactive measure given the headwinds in the banking sector and economy generally.

Published in the This day Newspaper Monday, July 27, 2015

Financial Inclusion: Fidelity Bank’s Gross Earnings Rise to N71.9bn

Fidelity Bank Plc has announced a 13.6 per cent growth in its gross earnings, which climed to N71.9 billion in its unaudited half year results for the period ended June 30, 2015, compared with the N63.3 billion recorded in the comparable period of 2014.

Published in the This day Newspaper Monday, July 27, 2015

Industry Pulse: MTN Nigeria’s CMO Wins Ph.D Fellowship Award

The Chief  Marketing Officer of MTN, Bayo Adekanbi, has won a global inter-school Ph.D research competition, which is an initiative driven by the research and development units of several leading global companies, with a common objective of identifying new ideas that wil shape the future.

Published in the This day Newspaper Monday, July 27, 2015

CSR: Etisalat, DigitalSENSE Reward Essay Competition Winners

Etisalat Nigeria and DigitalSENSE Africa Media, at the weekend, presented mouth-watering prizes to three winners of the 2015 edition of the 2015 edition of the Nigeria DigitalSENSE Student’s Essay Competition.

Published in the This day Newspaper Monday, July 27, 2015

Industry Pulse: Ecobank Emerges Best Corporate Bank

Ecobank Nigeria said it has been named winner of the ‘Best Corporate Bank Nigeria 2015’ award by London-based Global Banking and Finance Review Online Magazine, a banking and finance performance review platform.

Published in the This day Newspaper Monday, July 27, 2015

Financial Inclusion: Sterling Bank Deploys BVN Solutions for Customers

Sterling Bank Plc said it has successfully deployed an innovative solution to enable customers who had previously enrolled for their Bank Verification Number (BVN) with other banks to upload same on its platform via their mobile phones.

Published in the This day Newspaper Monday, July 27, 2015

Internet Connectivity: Spectranet Introduces Attractive Offer with Free Gigabytes

Internet Service Provider (ISP), Spectranet 4G LTE, has announced an attractive offer of free 30 Gigabytes (GB) for every new modem purchased on the network even as existing subscribers enjoy rollover of unused data to the next month.

Published in the This day Newspaper Monday, July 27, 2015

ICT: Courteville Business Solutions Posts N251 Million Profit

Courteville Business Solutions Plc, an indigenous provider of information technology, consulting, and business process outsourcing services, has recorded a revenue of N822.2 million for the half year ended june 30, 2015, up 1.9 per cent from N807 million.

Published in the This day Newspaper Monday, July 27, 2015

Entrepreneurial Opportunities: Enactus Nigeria Announces 2015 Entrepreneurship National Competition

Enactus Nigeria has cocluded plans to hold its 2015 entrepreneurship competition for institutions across the country. The premium universities and polytechnics entrepreneurship challenge, which will take place on the 11^th and 12^th of August 2015, showcases Enactus’ positive contributions to communities in the country.

Published in the Business day Newspaper Monday, July 27, 2015

Partnership: CHI Limited,Tetra Pak Partner To Improve Nutritional Content

With a view to fighting malnutrition amongst children in Nigeria, CHI Limited is partnering Tetra Pak to explore opportunities for feasible food and beverage solutions. The joint initiative will see the two companies develop feasible solutions for providing healthy nourishment for Nigerian children.

Published in the Business day Newspaper Monday, July 27, 2015

Youth Employment: NITDA, CBN to generate 1.2 million jobs through ICT

On going efforts by Federal Government to reduce the spate of unemployment in the country gained a boost as National information Technology Development Agency (NITDA) unveiled plans to generate 1.2 million jobs via Information Communication Technology (ICT).

Published in the Business day Newspaper Monday, July 27, 2015

Industry Pulse: Unity Bank board repositions lender for growth as MD resigns

The Board of directors of unity Bank is repositioning the bank as a major institution to underpin Nigeria’s growth, even as its managing director resigned, this weekend.

Published in the Business day Newspaper Monday, July 27, 2015

Agribusiness: FG partners AGRA, NABG on improved policies for Agribusiness

In the bid to fix the agricultural value chains through public-private investments, Federal Government has launched a Micro Reform for Africa Agribusiness (MIRA) in Nigeria. The initiative which is to be implemented by federal ministry of Agriculture and Rural Development in Partnership with Alliance for a green Revolution in Africa (AGRA) and Nigeria Agribusiness Group (NABG) was aimed at helping micro farmers.

Published in the Business day Newspaper Monday, July 27, 2015

SMEs: SMEs Can Gain More From Corporate Governance

Among numerous factors that cause the failure of most small and medium-sized enterprises is the lack of internal control mechanism to help mitigate risks. Business consultants note that because owner-managers want to have sole control over the business, they often use non-active board members when registering their limited liability companies with the corporate Affairs commission.

Published in the Punch Newspaper Tuesday, July 28, 2015

Health: SEC to support kidney foundation

The Securities and Exchange Commission has pledged its support to efforts to raise funds for the treatment of kidney-related ailments and transplants. The commission pledged its support to the cause when a group, the Julie Donli Kidney Foundation, visited it, a statement from the group said.

Published in the Punch Newspaper Tuesday, July 28, 2015

Industry Pulse: NSE emerges top African regulator

The Nigerian Stock Exchange has been named the African Regulator of The Year at the 6^th African Business Leadership forum and Awards, the Exchange said on Monday.

Published in the Punch Newspaper Tuesday, July 28, 2015

Partnership: IT firms, banks collaborate to curb e-payment fraud

The Central bank of Nigeria, some commercial banks and Information Technology security firms, including Winigroup Limited, are currently exploring ways to jointly curb the menace of e-payment fraud.

Published in the Punch Newspaper Tuesday, July 28, 2015

Health: NGO conducts free medical tests in warri

No fewer than 1000 persons in warri,in warri south Local Government Area of Delta State, benefited from the recent free medical tests, conducted by a Non-Governmental Organization (NGO), Respite and support for Diabetics and Hypertensive Initiative. The beneficiaries were tested for diabetes and High blood Pressure (HBP).

Published in the Daily Sun Newspaper Tuesday, July 28, 2015

Youth Employment: Yudala to create over 150 jobs, 500 offline retail stores

The Group Chairman of Zinox Technologies, Mr Leo Stan Ekeh has said that the newly established composite retail chain plans to employ over 150 Nigerians as well as establish 500 stores across major cities and 36 state capitals in the next four years to raise the ante of technology diffusion among all age brackets in Nigeria.

 Published in the Daily Sun Newspaper Tuesday, July 28, 2015

Financial Inclusion: 18m bank customers enrol on BVN platform- NIBSS

The Nigerian Inter Bank Settlement System (NIBSS) has disclosed that over 18 million customers have so far enrolled fir the Biometric Verification Number (BVN) exercise. The Managing Director/Chief Executive Officer of NIBSS, Ade Shonubi, stated this during an interactive session with journalists at the weekend.

Published in the Daily Sun Newspaper Tuesday, July 28, 2015

Industry Pulse: Unity Bank GMD, Semenitari forced to resign

The Group Managing Director of the Unity Bank, Henry James Semenitari, has resigned his appointment, as the board concluded plans to reposition the institution for further growth. Information reaching Daily sun disclosed that the former CEO was forced  to go on leave to pave way for the board to verify some allegations against him over his expensive lifestyle.

Published in the Daily Sun Newspaper Tuesday, July 28, 2015

SMEs: Keeping Economy’s Engine Running

Banks product development and risk management units are becoming more creative on how they fund Small and Medium Enterprises (SMEs). The banks, which have the backing of the central Bank of Nigeria (CBN), are thinking outside the box on their approaches to SMEs financing.

Published in The Nation Newspaper Wednesday, July 29, 2015

Industry Pulse: NSE Wins African Regulatory Of The Year Award

The Nigerian stock Exchange (NSE) has been named the African Regulatory of the Year at the 6^th African Business Leadership Forum & Awards which took place in London, United Kingdom (UK).

Published in The Nation Newspaper Wednesday, July 29, 2015

Investment: Pencom Canvasses Investment Of Pension Fund Within Africa

The National Pension Commission (PenCom) is committed to the vision and ideals of the AU Agenda 2063 to promote the investment of accumulated pension fund assets of over N4.7 trillion within the African continent, Director-General of the commission, Mrs. Chinelo Anohu-Amazu, has said.

Published in The Nation Newspaper Wednesday, July 29, 2015

Empowerment: Kwara Disburses N1.2b to MSMEs

Kwara State has disbursed over N1.2b to traders, farmers, as well as artisans inder its empowerment programme, the Governor, Dr Abdulfatah Ahmed, has said. Ahmed who stated this at the opening of Brightway Microfinance Bank at Ilorin, said the money was disbursed through 10 Microfinance Banks across the state.

Published in The Nation Newspaper Wednesday, July 29, 2015

Industry Pulse: Skye Bank Emerges ‘Most Supportive Bank of the Year’

Skye Bank Plc has been named the most supportive Bank in Nigeria by Owena Press Limited, Publishers of the Ondo State owned newspaper, The Hope. The lender won the award during the 2015 Hope Newspaper Award of Excellence held at Blissworld Hotel, Ijapo Estate, Akure, the ondo state capital at the weekend.

Published in The Nation Newspaper Wednesday, July 29, 2015

Health: Why eating red meat can cause bowel cancer

Scientists believe they may have discovered why eating red meat is linked to higher chances of bowel cancer. The pigment that gives a steak or mince its distinctive red colour is to blame, they suggest.

Published in the Guardian Newspaper Wednesday, July 29, 2015

Health: Premature birth associated with introversion in adulthood

People who are born very prematurely or with very low birth weight are at an increased risk of being introverted, neurotic and averse to taking risks as adults, according to the findings of a new study.

Published in the Guardian Newspaper Wednesday, July 29, 2015

ICT: IBM commits $100m to big data technologies for economic growth

Increased investments in relevant new technologies like mobile, cloud and big data analytic that offer advance solutions and services are essential for Nigerian and other West African countries socio economic development.

Published in the Guardian Newspaper Wednesday, July 29, 2015

Energy: Techno to build N3b gas cylinder manufacturing plant in Lagos

Techno oil limited has unfolded plans to build a N3 billion gas cylinder manufacturing plant in lekki area of Lagos State, to ensure full gas utilization in the country.

Published in the Guardian Newspaper Wednesday, July 29, 2015

Investment: Chinese firm to invest $12bn in transmission projects in Nigeria

A Chinese company, State Grid Corporation of China, SGCC, has committed to funding up to $12 billion in electricity transmission projects that will be built for the Transmission Company of Nigeria, TCN), through the Niger Delta Power Holding Company, NDPHC, Limited in the phase two of the National integrated power Projects.

Published in the Guardian Newspaper Wednesday, July 29, 2015

Industry Pulse: Jauro takes over as NIMASA DG

After the drama which saw barrister Calistus Obi briefly acting as Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, the Federal Government has appointed Mr. Haruna Baba Jauro to take over the position in acting capacity.

Published in the Guardian Newspaper Wednesday, July 29, 2015

Fiscal Sustainability: Fidelity Bank grows assets, gross earnings in six months

Fidelity Bank Plc has grown its asset base by N1.19 trillion from N1.18 trillion recorded at the end of the financial year ended December 2014.

Published in the Guardian Newspaper Wednesday, July 29, 2015

SMEs: Unity bank unveils plan to scale up SME, Agric’s contributions

Unity Bank Plc said the resignation of its Managing Director and Chief Executive Officer, Henry James Semenitari, may have opened up new opportunities for it to review and scale up its economic contributions to the country.

Published in the Guardian Newspaper Wednesday, July 29, 2015

Industry Pulse: ISO certifies BOI’s operations, quality management systems

In recognition of its operational efficiency and improved customer relations in Nigeria, the International Organisation for Standardisation (ISO) has certified the Bank of Industry’s processes with the ISO 9001:2008 quality management systems certification.

Published in the Guardian Newspaper Wednesday, July 29, 2015

Infrastructural development: Nike roads in Enugu for rehabilitation

Rehabilitation of about five kilometers of major roads in Nike, Enugu East Local Council of Enugu State is expected to start next month.

Published in the Guardian Newspaper Wednesday, July 29, 2015

Agribusiness: Cocoa farmers associations distributes chemicals to boost production

In its bid to match up with cocoa growing states in Nigeria, the Cocoa Association of Nigeria, Osun state chapter has commenced the distribution of chemicals to boost cocoa production millions of Naira across the state.

Published in the Guardian Newspaper Wednesday, July 29, 2015

Energy: USTDA Partners Firm on $160m Solar Power Project in Kaduna

During Presidents Muhammadu Buhari’s visit to the United States recently, the United States (US) Trade and Development Agency provided a grant to Quaint Global Energy Solutions for a $160 million solar power project being developed in Kaduna.

Published in the Daily Independent Newspaper Thursday, July 30, 2015

Health: First Malaria Vaccine Out After Decades Of Trial

The First Malaria vaccine has received the green light from European regulators, opening the door for vaccination campaigns in Africa.

Published in the Daily Independent Newspaper Thursday, July 30, 2015

Petroleum: Port Harcourt, Warri Refineries Commence Preliminary Production

The Management of the Nigerian National Petroleum Corporation (NNPC) has announced that the Port Harcourt and Warri refineries have been successfully re-streamed after a nine-month phased rehabilitation exercise conducted by its in-house engineers and technicians.

Published in the Daily Independent Newspaper Thursday, July 30, 2015

Energy: Power Generation Hits 4,662 mw

Transmission Company of Nigeria (TCN), Wednesday, disclosed that power generation has again attained a new peak of 4662 megawatts (MW). The new transmission peak is about 6mw different from its last record of 4,656mw attained 13days ago.

Published in the Daily Independent Newspaper Thursday, July 30, 2015

Industry Pulse: Lagos NBA elects new officers

The Nigerian Bar Association NBA, Lagos branch, has elected new officials to run the affairs of the branch for the next two years in which the chairman emerged unopposed for the first time in the history of the association.

Published in the Vanguard Newspaper Thursday, July 30, 2015

SMEs Empowerment: Churches Empowers SMEs in Lagos

The Fragrance of grace International Ministry has expressed its commitment to empowering Small Medium Scale Enterprise (SMEs) in Lagos State through its business advantage series monthly business seminar.

Published in the Vanguard Newspaper Friday, July 31, 2015

ICT: NIMET Improves Weather Information Dissemination with e-SRP

The Nigeria Meteorological Agency (NiMet) has developed a mobile application to communicate its sensational Rainfall Prediction (SRP) to the public at all levels.

Published in the Vanguard Newspaper Friday, July 31, 2015

Industry Pulse: Nigerian Breweries Flags off 7^th Golden Pens Award

Nigerian Breweries Plc has announced plans for the 7^th edition of its Golden Pen Awards. Informing the media of the plans for the 7^th edition of the award , the company’s Corporate Affairs Adviser, Kufre Ekanem said this year’s award would retain same mechanisms used last year.

Published in the Vanguard Newspaper Friday, July 31, 2015

Financial Inclusion: FCMB Group Plc Posts N9.6bn Profit before Tax in six Months

FCMB Group Plc has recorded a growth of 11 percent in revenue for the half year ended June 30, 2015 and ended with a profit before tax (PBT) of N9.6 billion. FCMB recorded revenue of N77.4 billion in 2015, while its total assets growing 15 percent to N1.22 trillion.

Published in the Vanguard Newspaper Friday, July 31, 2015

Industry Pulse: Oyebode Retires as Access Bank’s Chairman

Access Bank Plc yesterday announced the retirement of Mr Gbenga Oyebode, as a director and chairman of the bank. The bank also appointed Mrs Mosun Belo Olusoga as his successor with effect from July 30, 2015.

Published in the Vanguard Newspaper Friday, July 31, 2015

Conference: Vibe Web, CommsWeek set for Blogging/Social Media Marketing Conference

Vibe Web Solutions, (http://vibesolutions.com/) a firm that delivers a full scale marketing solution based on the goals that matter to clients most, and CommunicationsWeek online/offline (http:nigeriacommunicationsweek.com.ng/), are organizing a blogging/social media marketing conference to aid individuals make best use of their platforms.

Published in the Guardian Newspaper Friday, July 31, 2015

Employment Opportunities: Microsoft Vows to Create 100,000 Job Opportunities by Year End

Microsoft is aiming to create over 100,000 job opportunities and reach over seven million people across the Middle East and Africa by the end of the year through its Employ-ability Platforms, in partnership with organisations from public and private sectors, as well as NGOs.

Published in the Guardian Newspaper Friday, July 31, 2015

CSR News Summary Issue 110

Philanthropy: Aisha Buhari Donates To Elderly, Orphans In Kano

The Wife of President Muhammadu Buhari, Haijiya Aisha Buhari has distributed essential commodities to women groups, Torrey Home, VVF centre and Elderly Home in Kano, on the eve of Sallah day.

Published in the This day Newspaper Sunday July 19, 2015

Petroleum: PPMC To Sanction Marketers For Diversion Of Petrol

The Petroleum and Product Marketing Company (PPMC) may this week sanction major marketers of petroleum products over allegations of sabotage and diversion of products meant for Abuja, a situation that is causing fuel scarcity in the nation’s capital.

Published in the Vanguard Newspaper Sunday July 19, 2015

Partnership: Channels TV/ Deutche Welle Launch New Parnership

The Nigerian media seems to have witnessed another breakthrough with the new marriage between Nigeria’s channels television and Germany’s international broadcaster, Deutsche Welle, (DW) over the weekend.

Published in the Vanguard Newspaper Sunday July 19, 2015

ICT: MTN Rolls Out HyNetLTE For High-Speed Broadband In Lagos

Committed to driving its bold new digital world vision through the delivery  of business- enabling solutions and technology, MTN Business has rolled out its enhanced broadband internet service, MTN HyNetLTE, across Lagos.

Published in the Vanguard Newspaper Sunday July 19, 2015

Entrepreneurial Opportunity: Tony Elumelu Foundation Bootcamp, 21 Lessons of a Great Entrepreneur

The 2015 Tony Elumelu Entrepreneurship Programme, TEEP, Bootcamp was a platform to stimulate the thinking of youths in Africa towards entrepreneurship. Held in covenant University, Otta, the forum attracted about 1,000 entrepreneurs.

Published in the Vanguard Newspaper Sunday July 19, 2015

Philanthropy: Imasuagbon donates N70m worth items to winners of Essay competition

Former Governorship candidate of the People’s Democratic Party (PDP) in Edo State, Barr Kenneth Imansuagbon, Yesterday donated 200 I-pads and cash gifts estimated over N70 million, to winners of the 7^th grand prize giving ceremony of Kenneth Imansuagbon Essay writing competition for students.

Published in the Vanguard Newspaper Sunday July 19, 2015

Capacity Building: CIS, NUASA collaborate on Capacity building

The Chartered Institute of stockbrokers has highlighted opportunities in the capital market to accounting students at the University of Calabar. The CIS, in a statement on Monday, said it held a one-day career talk for the students of Accounting department of the university in collaboration with the Nigerian universities accounting students Association.

Published in the Punch Newspaper Tuesday July 21, 2015

CSR: Skye Bank rewards customers with N5m

Seventeen customers of Skye Bank were rewarded with a total sum of N5m in the bank’s ‘Reach for the Skye ‘promotional draw, which was held in Ibadan, Oyo state. Three of the winners won N1m each.

 Published in the Punch Newspaper Tuesday July 21, 2015

Financial Inclusion: Ecobank, MoneyGram launch outbound money transfer service

Ecobank Nigeria says it has collaborated with MoneyGram to commence outbound money transfer service. The service, tagged ‘MoneyGram Naija Sends’; allows Nigerians to send money abroad through any of the bank’s branches in the country, while the funds are retrieved in specified currency in the receiving country.

Published in the Punch Newspaper Tuesday July 21, 2015

CSR: Stanbic IBTC rewards customers in Western Union promo

Stanbic IBTC Bank, a member of stanbic IBTC Holdings Plc, says it has rewarded its customers who were among winners of the western Union 20^th anniversary promotion. The promo, which ran between April 20 and May 15 this year, produced 200 winners from 18 Western Union agent banks in Nigeria.

Published in the Punch Newspaper Tuesday July 21, 2015

Philanthropy: World Bank, others unveil $2.1b package for N’East

The World bank has unfolded a package, which would see it spending up to $2.1 billion in rebuilding the war-ravaged North east as a result of the boko haram insurgents.

Published in the Guardian Newspaper Wednesday July 22, 2015

SMEs: Teamfest unveils expo to showcase SMEs to global market

Organisers of Teamfest Africa 2015, Olsen Decker Nigeria Limited, have concluded plans to assist small and medium Enterprises (SMEs) in the country to showcase their goods and services to the world through a trade expo.

Published in the Guardian Newspaper Wednesday July 22, 2015

Investment: ISON to invest $20m in call centre operations

To mitigate the challenges faced by customers through call center operations in Nigeria, ISON Group, a customer experience management provider in Africa, Middle East and ASEAN region, has reiterated commitment to re-position the segment in Nigeria.

Published in the Guardian Newspaper Wednesday July 22, 2015

ICT: ITU beckons on Nigerian innovators at 2015 Telecom World

The Creative enterprise will be brought to bear as the international Telecommunications Union (ITU) hosts the ITU Telecom World 2015 in Budapest, Hungary, October 12-15.

Published in the Guardian Newspaper Wednesday July 22, 2015

Industry Pulse: N20b Calabar Port contract sparks crisis

Shippers are pushing for a probe of the N20 billion Calabar port dredging contract. The board of the Nigerian Ports Authority (NPA) approved the payment of $35 million (about N20 billion) to the company that won the controversial contract shortly before it was dissolved last week by President Muhammadu Buhari.

Published in the Nation Newspaper Wednesday July 22, 2015

Industry Pulse: NICON Insurance Gets Award

NICON Insurance Limited has received the Africa’s Most Reliable Quality Insurance Award. The ceremony was organised in Lagos by the African Quality Institute (AQI), the South African Quality Institute (SAQ) and the Chartered Quality Institute in United Kingdom (UK).

 Published in the Nation Newspaper Wednesday July 22, 2015

Financial Inclusion: Cornerstone Insurance makes N1.04b profit

Cornerstone Insurance has recorded a profit before tax of N1.04 billion in the financial year end, December 31, 2014 as against the N870.2 million it recorded in 2013. This represents a 20 per cent growth.

Published in the Nation Newspaper Wednesday July 22, 2015

Health: Community Health Insurance Enrolees hit 105,000

The number of those who have enrolled in the kwara state community health insurance scheme (CHIS) has increased to 105,000, Governor Abdulfatah Ahmed has said. The scheme began in 2007.

Published in the Nation Newspaper Wednesday July 22, 2015

CSR: NEMA Distributes Relief Materials To fire Victims In Bauchi

The National Emergency Management Agency (NEMA) has donated relief materials to victims of fire disasters in some communities in Katagum Local Government area of bauchi state. The materials include 10 bags of rice, 10 bags of maize, 10 pairs of mattresses and five bundles of roofing sheets each to the affected villages.

Published in the Daily Independent Newspaper Thursday July 23, 2015

CSR: Group Donates Food Items to 60 Orphans In Plateau

Leader of Federation of Muslim Women Association (FOMWAN) in Plateau, Mrs Mairo Sani, has said the association donated food items to 60 orphans during the Ramadan period. Sani disclosed this in an interview with News Agency of Nigeria on Monday in Jos.

Published in the Daily Independent Newspaper Thursday July 23, 2015

Financial Inclusion: Niger Insurance Earns N11b Income

Niger Insurance Plc achieved a gross premium written of N11.06 billion in 2014 as against N10.44 billion recorded in 2013, representing a growth of 5.95 percent.

Published in the Daily Independent Newspaper Thursday July 23, 2015

Empowerment: CBN Empowers Women To Drive Economic Growth

The Central Bank of Nigeria, CBN, said has introduced a number of initiatives to encourage active women participation in business, so as to enable them contribute meaningfully to the Nigerian economy.

Published in the Vanguard Newspaper Thursday July 23, 2015

Youth Empowerment: NOUN boosts students’ global opportunities

As part of its continuing effort at enhancing the academic proficiency of its graduates and equip them with Advance Professional Management Skills that will make them globally competitive and gain unrestricted access to global employment opportunities, the National Open University of Nigeria (NOUN) has signed a Memorandum of Understanding with the international Professional Managers Association of UK.

Published in the Vanguard Newspaper Thursday July 23, 2015

Philanthropy: IG offers scholarship to children of slain officers

Bauchi- The Inspector General of police, Solomon Arase, has offered scholarship to children of slain police officers who lost their lives while fighting insurgency. He also said the officers will be promoted post-humously.

Published in the Vanguard Newspaper Thursday July 23, 2015

ICT: NSE Boss Lauds Role Of Technology

The Chief Executive officer of the Nigerian Stock exchange, Mr Oscar Onyema has confessed that but for technology, trading in the Nigerian stock exchange may have not been as smart as it is today.

Published in the Vanguard Newspaper Thursday July 23, 2015

Internet Connectivity: MTN Nigeria Targets Lagos in Enhanced Broadband Internet Service

MTN is targeting the nation’s commercial capital city of lagos in its new enhanced broadband internet service. The MTN HyNet LTE service is a prepaid internet service offering speeds of up to 2 Mbps and will be rolled out by MTN Business.

Published in the Guardian Newspaper Friday July 24, 2015

ICT: NCC to Adopt New Regulatory Guidelines

Nigerian Communications Commission (NCC) has commenced the process of harmonizing new regulatory guidelines for telecommunications industry, in a bid to sure a robust and efficient regulatory framework in the system.

Published in the Guardian Newspaper Friday July 24, 2015

Health: NCS Opens Clinic at Western Marine Command

The Nigerian Customs Service (NCS) has begun the operation of its medical facility situated at the western marine command (WMC), Ibafon, Apapa, Lagos.

Published in the Guardian Newspaper Friday July 24, 2015