CSR NEWS SUMMARY ISSUE 137

#Economy: Fuel scarcity may worsen Dollar shortage

Despite the liberalisation of fuel imports, it emerged yesterday that at least 75 ships with two and a half million tonnes of fuel were waiting for importers in Nigeria to find dollars they need to pay for the cargoes, according to ship tracking data and fuel traders.

Published by the THISDAY Newspaper on Monday, 16th May, 2016

#Oil: Insurgency cuts oil output by to 1.65mbpd

Confirming this yesterday, the Minister of State for Petroleum, Dr Ibe Kachikwu, tweeted that the renewed insurgency and pipeline breaks in the Niger Delta had resulted in Nigeria’s daily crude oil production dropping to 1.65 million barrels per day as against 2.2 million bpd that was projected in the 2016 budget.

Published by the THISDAY Newspaper on Monday, 16th May, 2016

#Investment: Fixed income securities market attract N32tn in four months

The fixed securities and currencies market has attracted investments worth N31.93 trillion between January and April 2016, statistics obtained by THISDAY have revealed. The money was invested in the securities via the FMDQ OTC Securities Exchange Commission (SEC) in 2013 as an over-the-counter (OTC) securities exchange and self-regulatory organization to run the fixed income trading platform.

Published by the THISDAY Newspaper on Monday, 16th May, 2016

#Philanthropy: Rockefeller Foundation, others to provide $1m grants to enhance cassava production

The Rockefeller Foundation, Dalberg and the International Institute of Tropical Agriculture (IITA) have launched an innovation challenge to uncover innovative solutions to increase cassava shelf life in Nigeria.

Published by the THISDAY Newspaper on Monday, 16th May, 2016

#Technology: SES to migrate over 25m households to Digital Platform

SES, a global player in satellite operations has signed a multi-year agreement with Cable Channels Nigeria Ltd. (CCNL) to provide strategic, reliable and stable video platform, via SES’s prime orbital position 28.2 degrees East, for the provision of Digital Terrestrial Television (DTT) and Direct To Home (DTH) broadcast platform in Nigeria.

Published by the THISDAY Newspaper on Monday, 16th May, 2016

#Award: Akinosho wins the distinguished Contribution to industry Award

Toyin Akinosho, Publisher of Africa Oil+Gas Report, received the top award of the latest edition of the “Big Five Awards” conferred on distinguished oil industry players at the annual Africa Oil Week in Cape Town.

Published by the THISDAY Newspaper on Monday, 16th May, 2016

#IndustryPulse: Red Star express appoints new EDs, MDs for subsidiaries

One of Nigeria’s logistics companies, Red Star Express Group has appointed new Executive Directors for the Group and Divisional Managing Directors for its subsidiaries. The subsidiaries are Red Star Logistics, Red Star Support Services, Red Star Freight and the Express arm.

Published by the THISDAY Newspaper on Monday, 16th May, 2016

#Economy#ICT: Nigeria to expose opportunities in non-oil sector at Gitex 2016

The Nigerian Pavilion at Gitex 2016 will be exposing opportunities in non-oil sectors and how the Nigerian Government is committed to supporting foreign and local entrepreneurship, particularly in the Information and Communications Technology (ICT) sector, according to the National Information Technology Development Agency (NITDA), the government agency responsible for the implementation of ICT policy in Nigeria.

Published by the THISDAY Newspaper on Monday, 16th May, 2016

#Investment: Firms to invest in mobile Advertising start-up, slide airtime

Singularity Investment has announced its plans to invest an undisclosed sum into Slide Airtime, a mobile advertising technology start-up that give consumers free airtime in return for engaging with news and branded content delivered to the lock screen of their mobile devices.

Published by the THISDAY Newspaper on Monday, 16th May, 2016

#CSR#Awards: Ecobank announces prizes for 2016 essay competition

Ecobank Nigeria Limited has opened its annual national essay competition for children as part of activities to commemorate the May month dedicated to children around the world. The Ecobank National Essay competition for children with the EcobankMyFirst Account calls for entries from students between the ages of 8-12 in category one and ages 9-14 in category two. Topic for the essay is “The need to imbibe the culture of savings at an early age”. Prizes to be won include Laptops, Educational Tabs and several consolation prizes.

Published by the THISDAY Newspaper on Monday, 16th May, 2016

#MSMEs#CSR: Diamond Bank rewards five entrepreneurs with N15m

Diamond Bank Plc has rewarded five budding entrepreneurs with N3 million each at its just concluded Building Entrepreneurs Today (BET) Season five. The winners are: Uchechi Arinze, Folarinyo Abiodun, Ayodeji Agboola, Emmanuel Okiedesan and Hauwa Bello.

Published by the THISDAY Newspaper on Monday, 16th May, 2016

#MSMEs: Konga.com rallies support for MSME to promote local products

A leading online mall, Konga.com, has proven its commitment to deepening commerce and trade in Africa by supporting Micro, Small and Medium Enterprises. To this end, the company recently partnered with Lagos State Government to host MSME exclusive fair in Lagos. According to the two partners, the fair focused on indigenous and local manufacturers and producers with the aim of promoting “made in Nigeria” Products.

Published by the THISDAY Newspaper on Monday, 16th May, 2016

#Agric: Erisco targets one million metric tonnes of tomato processing

The Chief Executive Officer, Erisco Foods Limited, Mr Eric Umeofia has said that his firm is targeting to achieve one million metric tonnes of tomato processing by the fourth quarter of 2016. Umeofia made this known at the Katsina State Economic Summit recently. He also commended President Muhammadu Buhari’s commitment and support towards backward integration and economic stability.

Published by the THISDAY Newspaper on Monday, 16th May, 2016

#Partnership#CSR: Access Bank partners UNICEF

Access Bank has announced that the 10th edition of its annual charity shield competition for vulnerable school children in Kaduna State would hold from end of May to 5th of June this year as it continues to partner with the United Nations Children’s Emergency Fund.

Published by the THISDAY Newspaper on Monday, 16th May, 2016

#IndustryPulse: NCAA to begin implementation of new regulations in July

The Nigerian Civil Aviation Authority has announced that the new Nigerian Civil Aviation Regulations (Nig.CARs) promulgated in December 2015 will take effect from July 1, 2016. The new r5egulation was supposed to update new development and policies done in the industry since the first regulation as amended was introduced.

Published by the THISDAY Newspaper on Monday, 16th May, 2016

#Infrastructure: Ambode opens roads, schools, jetty, market

Lagos State Governor, Akinwunmi Ambode yesterday, urged community leaders and others to guard public infrastructure. Ambode, represented by some of his commissioners, who spoke simultaneously at five local government areas during the commissioning of projects of his first year in office, urged the people to take charge of the facilities in their domains.

#Economy: 600,000 jobs coming with liberalised oil sector, says govt

Information Minister, Lai Mohammed gave more insights into how fuel price was raised from N86.50 to N145 per litre. He said the President Muhammadu Buhari has not let down Nigerians with the new price, adding that it had no choice than to deregulate the petroleum sector. The facts, according to Mohammed, are that in 2015, the Federal government paid N1trillion as subsidy, which amounted to one-sixth of the year’s budget; it cannot afford such a huge amount of subsidy again; the liberalisation policy will lead to the creation of 600,000 jobs; and labour leaders were not deceived or tricked on the new pump price.

#Economy: Inflation rises to 13.7%

Inflation rose for the sixth consecutive months in April and at the highest pace since August 2010, after an increase in fuel and electricity prices. According to a statement by the National Bureau of Statistics, the figure was higher than the 12.8 per cent the month before.

Published by the Nation Newspaper on Tuesday, 17th May, 2016

#Infrastructure: Lagos approves 54 firms to manage streetlight

No fewer than 54 private firms will be engaged by the Lagos State Government to manage streetlights in the state, says the Commissioner for Energy and Mineral Resources, Mr Olawale Oluwo. Oluwo, who spoke on Tuesday during a briefing on the activities of the Ministry of Energy and Mineral Resources in the state, added that the government had lit up about 600 kilometres of roads in 366 locations in Lagos.

Published by the Punch Newspaper on Wednesday, 18th May, 2016

#Power: Forex scarcity, N300bn revenue shortfall hit power firms

As many parts of the nation continue to experience blackout, electricity distribution companies have said their inability to obtain foreign exchange to import equipment and a revenue shortfall of N300bn are some of the factors hampering their operations. The firms said the low electricity generation occasioned by gas supply shortages as a result of pipeline vandalism meant that power distribution by them would be low.

Published by the Punch Newspaper on Wednesday, 18th May, 2016

#Power: Power generation crashes to 1,400MW- TCN

The quantum of electricity generated in the country fell by over 1,000 megawatts within a space of eight hours on Tuesday. The transmission Company of Nigeria stated that the generated electricity dropped by 1,018.5 MW between 6 a.m. and 3 p.m.

Published by the Punch Newspaper on Wednesday, 18th May, 2016

#MSMEs: SMEs need alternative energy to boost employment-Contec

Small and Medium Enterprises need alternative power supply to boost employment and economic growth as Nigeria moves towards addressing its power deficit, the Chief Executive Officer of London-based Contec Power Systems Limited, Mr Srinivas Ppilla, has said.

Published by the Punch Newspaper on Wednesday, 18th May, 2016

#MSMEs: NNEW plans industrial hub for women

The NECA’s Network of Entrepreneurial Women, as part of its assets acquisition plan, will establish an industrial hub for women-owned businesses. Speaking at the town hall meeting of the network in Lagos, the President, NNEW, Mrs Modupe Oyekunle, said that women would benefit from easy access to raw materials, access to other businesses along the value chain and infrastructure.

Published by the Punch Newspaper on Wednesday, 18th May, 2016

#Health: EU trains health workers on financial prudence

The European Union Support to Immunisation Governance in Nigeria has commenced the training of primary health care practitioners on financial prudence. The three-day conference, which started in Calabar, Cross River State, on Tuesday, has participants drawn from Edo, Cross River, Akwa Ibom, Anambra, Ebonyi, Abia and Rivers State. The training contractor of EU, Mrs Aminata Sidibe, said the workshop was to train the participants on effective fund management.

Published by the Punch Newspaper on Wednesday, 18th May, 2016

#Infrastructure: FG okays proposal to construct Obajana-Kaba Road

The Federal Executive Council (FEC) yesterday approved a proposal by a subsidiary of the Dangote Group to construct the Obajana-Kaba road. Minister of Power, Works and Housing, Babatunde Fashola, told State House reporters that the approval was based on a memo by his ministry seeking to take benefits of tax-policies and laws “for the purpose of using them to drive infrastructure development renewal”.

Published by the Daily Trust Newspaper on Thursday, 19th May, 2016

#Infrastructure: We’ve evolved new initiatives to secure waterways- Peterside

The Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has said the agency evolved new security initiatives to effectively police Nigeria’s waters against pirates. Dr Peterside disclosed this yesterday when he led the management staff of NIMASA on a courtesy visit to the management of Media Trust Limited in Abuja.

Published by the Daily Trust Newspaper on Thursday, 19th May, 2016

#Oil#StakeholdersAction: Oil producing host communities give FG 21-day ultimatum

The national executive of the Host Communities of Nigeria Producing Oil and Gas (HOSTCON) has given the federal government a 21-day ultimatum to implement a seven-point agenda and give them what is due to them. A press statement from the Executive National Chairman of HOSTCON, Dr Mike Emuh, said the body recently met and resolved among other things, on the constitution of a National Peace Reconciliation Committee to stem the upsurge, violence, crisis and security in the Niger Delta.

Published by the Daily Trust Newspaper on Thursday, 19th May, 2016

#Oil: Attackers blow up ENI gas pipeline

Unknown attackers late Tuesday blew up a gas pipeline belonging to Italian Oil Company ENI in Ogbembiri, Balyesa State, the company told Reuters yesterday. It was the latest in a string of attacks on oil and gas facilities in the region.

Published by the Daily Trust Newspaper on Thursday, 19th May, 2016

#Health: Nigeria needs strong will to end TB- UN

The United Nation’s Secretary-General’s Special Envoy on Tuberculosis (TB), Dr Eric Goosby, has said strong political will is needed by the government and other stakeholders to enable Nigeria address its high burden of tuberculosis. He stated this yesterday in Abuja during the National Tuberculosis conference organized by the Stop TB Partnership Nigeria (STBPN) and the National Tuberculosis and Leprosy Control Programme (NTLCP) in collaboration with Health Watch.

Published by the Daily Trust Newspaper on Thursday, 19th May, 2016

#Infrastructure: Telecoms infrastructure- Govs not honouring MoU on RoW, NCC says

The Nigerian Governors’ Forum (NGF) has jettisoned the Memorandum of Understanding (MoU) it signed with Ministry of Communications on Right of Way (RoW) and multiple taxations, the Nigerian Communication Commission (NCC) has said.

Published by the Daily Trust Newspaper on Thursday, 19th May, 2016

#ICT: FG encourages ICT entrepreneurship

The Federal Government has said it will reengineer the economy by promoting and encouraging ICT entrepreneurship to stimulate the nation’s economy. Minister of Communications, Adebayo Shittu, who disclosed this in Abuja on Tuesday at a press briefing to commemorate this year’s World Telecommunication and Information Society Day, also said FG would ginger up the economy through the provision of ICT based services, and would make deliberate efforts to adopt the use of ICT in every aspect of our endeavours in order to improve efficiency, effectiveness and productivity in service delivery and business transactions generally.

Published by the Daily Trust Newspaper on Thursday, 19th May, 2016

#Empowerment: Kaduna’s start-up training programme graduates 279

The Kaduna’s Start-up Entrepreneurship Programme (KADSTEP) one of Governor Nasir el-Rufai’s pro-poor programmes has graduated its first set of 279 trainees. Speaking at the graduation ceremony of the first intake and induction of the second batch of trainees, el-Rufai said his administration is targeting 5,000 entrepreneurs to benefit from the training.

Published by the Daily Trust Newspaper on Thursday, 19th May, 2016

#MSME: BoI disburses N48.44m loan in Kaduna

The Bank of Industry (BoI) has disbursed N48.44 million loan to beneficiaries of the Kaduna Start-up Entrepreneurship Programme whose business proposals are bankable. The programme was designed by the Kaduna Business School (KBS) and the BoI to empower aspiring entrepreneurs to be able to access various intervention funds.

Published by the Daily Trust Newspaper on Thursday, 19th May, 2016

#Education: Arewa forum in US to support girl child education

Arewa People’s Forum in the United States of America has said it will offer support in education and empowerment of Northern Nigerian youths, especially the girl-child. A joint signed statement by Umar Muhammad and Martins Ocholi, Interim Chairman and Secretary respectively, said that the 2015 Gender Report compiled by the UNESCO shows that fewer than half of countries in the world have achieved the goal of gender parity in both primary and secondary education and that most remarkable and disturbing is the fact that no country in sub-Saharan Africa was mentioned in the report.

Published by the Daily Trust Newspaper on Thursday, 19th May, 2016

#Economy: Govt earns N3.4tr as states seek access to World Bank’s $3.2b

Five months after the 2015 fiscal calendar, a report from the Central Bank of Nigeria (CBN) has put the Federal Government’s retained revenue in the period at N3.43 trillion.

Published in the Guardian Newspaper on Friday, 20th May, 2016

#Power: System collapse cuts power generation to 65 mega watts

The national grid yesterday experienced another system collapse that has forced power generation to slump to 65.8 mega watts (mw) from 1432mw recorded on Wednesday. The system collapse, which marked the third within one week and fifth in 26 days, could worsen the blackout currently experienced across the country.

Published in the Guardian Newspaper on Friday, 20th May, 2016

#Unemployment: 20 Nigerians unemployed, says Ngige

From the Minister of Labour and Productivity, Chris Ngige, yesterday came the stark revelation that some 20 million unemployed persons exist in the country. Also yesterday, the Minister of Information and Culture, Lai Mohammed, disclosed that in the last four days, no fewer than 37 companies have indicated interest to invest in the nation’s refineries and the downstream sector of the petroleum industry.

Published in the Guardian Newspaper on Friday, 20th May, 2016

#Economy: Reps task panel on activities of export promotion council

Determined to ensure that the country does not depend solely on oil production for its income, the House of Representative yesterday mandated its committee on commerce to assess the level of export promotion in Nigeria and the activities if the Nigerian Export Promotion Council in recent years.

Published in the Guardian Newspaper on Friday, 20th May, 2016

#Event: Nigeria hosts W’Africa infectious disease institute

Nigeria has been chosen for the location of proposed West African Infectious Disease Institute (WAIDI). The choice was necessitated by its effective handling of the deadly Ebola disease and others as polio.

Published in the Guardian Newspaper on Friday, 20th May, 2016

#Economy: Doctors give condition to support fuel price increase

Medical doctors under the aegis of the Nigerian Medical Association (NMA) have given conditions, which they said must be met by the Federal Government before supporting the deregulation of the oil sector with the resultant increase in pump price of petrol.

Published in the Guardian Newspaper on Friday, 20th May, 2016

#SMEs#Agric: Ignored smallholder farmers account for 80% of Africa’s agric production

Worried by the inconsistency in the continent’s agricultural practice, especially in relations to investment in large scale commercial farms, former Secretary-General of the United Nations, Kofi Anan and other stakeholders have decried neglect of smallholder farmers, stating that more than eighty per cent of Africa’s agricultural production come from them.

Published in the Guardian Newspaper on Friday, 20th May, 2016

#Investment: Commissioner lists investment options for government

For a diversification anchored on a sustainable basis, the Commissioner for Finance Lagos State, Dr Mustapha Abiodun Akinkunmi, has called on the Federal Government to pursue investment in new mobile technologies, healthcare and education.

Published in the Guardian Newspaper on Friday, 20th May, 2016

#Technology: NATCOM seeks compensation policy for telecoms consumers

The National Association of Telecommunications Subscribers (NATCOMS) has appealed to the Nigerian Communications Commission (NCC) to put in place a Subscriber’s Compensation Policy that will compensate Subscribers with free airtime.

Published in the Guardian Newspaper on Friday, 20th May, 2016

#Technology#Economy: Experts decries impact of foreign software on Nigeria’s economy

 Chris Uwaje, the former president, Institute of Software Practitioners of Nigeria (ISPON) has expressed displeasure at government and corporate bodies’ fondness for foreign software. Uwaje who is currently the co-chair for Publicity and Communications for Africa, Institute of Electrical and Electronics Engineer- World Forum on Internet of Things (IEEE)-WFIoT, said although ISPON is not calling for outright ban on foreign software, however it is high time the government save the nation from forex elusion and capital flight by engaging local firms with penchants for solutions to challenges peculiar to the country.

Published in the Guardian Newspaper on Friday, 20th May, 2016

CSR NEWS SUMMARY ISSUE 136

#Power: Electricity supply plunges to 2,500MW after Militant Attack

The twin attacks, last week, on Chevron’s oil and gas facilities in the Escravos area of Delta state had resulted in a drop in power generation from about 3,600 megawatts (MW) to 2,500 MW, translating to a loss of 900MW, THISDAY has learnt.

Published by the This Day Newspaper on Monday, 9th May, 2016

#Industry: FSDH foresees difficult year for Nigerian banks

Following massive impairment that have prompted several banks to issue profit warnings and the general downturn in the Nigerian economy, the FSDH Merchant Bank Limited (FMBL) has warned that 2016 will be a very challenging year for banking businesses in Nigeria.

Published by the This Day Newspaper on Monday, 9th May, 2016

#Industry: Recapitalisation-Operators consider capital injection, merger to meet deadline

Capital market operators (CMOs), who missed the September 30, 2015 deadline for recapitalisation, are now intensifying efforts to meet the new December 31, 2016 date given by the Securities Exchange Commission (SEC). ThisDay checks revealed that the CMOs are wooing investors for fresh capital or considering merger options.

Published by the This Day Newspaper on Monday, 9th May, 2016

#Power: NUEE pedges support for KEDC

The leadership of the National Union of Electricity Employees (NUEE) has pledged to support the efforts of the Management of Kaduna Electric to make the company a role model in the Nigerian Electricity supply industry. The General Secretary of the union, Comrade Joe Ajero made the promise in Kaduna when he led other national officers on a courtesy visit to the Managing Director/CEO of Kaduna Electricity Distribution Company (KEDC), Garba Haruna.

Published by the This Day Newspaper on Monday, 9th May, 2016

#Investment: Lagos releases N1.6bn for Lekki free zone, woos investors

The Lagos State Government has released N1.6 billion as part of its equity contribution to the Lekii Free Zone Development Company (LFDC) to boost the on-going infrastructural development as well as encourage investors’ participation in the project.

Published by the This Day Newspaper on Monday, 9th May, 2016

#Investment: Equities market rises 2.5% as investors swoop on MSCI listed stocks

Despite closing in the red in two of the four days trading, the Nigerian equities market maintained its positive run last week to close the week in the green. The performance was boosted by the announcement that the MSCI will retain Nigeria in its benchmark frontier market index.

Published by the This Day Newspaper on Monday, 9th May, 2016

#Industry: DMO to sell N105bn Bonds

The Debt Management (DMO) is expected to auction N15 billion, N40 billion and N50 billion of the FEB 2020, JAN 2026 and MAR 2036 bonds this Wednesday. The bonds for auction are expected to clear at marginal rates of 12.8 per cent, 13.2 per cent and 13.6 per cent for the FEB 2020, JAN 2026 and MAR 2036 bonds respectively.

Published by the This Day Newspaper on Monday, 9th May, 2016

#Awards: iSON Group bags double Awards

iSON Group, a major player in Africa’s Information Technology (IT) space has been recognised with two awards on ‘Best Practices’ and Exceptional Corporate Social Responsibility’ by the Great Place To Work (GPTW) organization.

Published by the This Day Newspaper on Monday, 9th May, 2016

#Technology: FG backs Galaxy Backbone on digital Inclusion

The Federal Government has said it will support Galaxy Backbone towards the attainment of digital inclusion in order to meet government’s aspiration for a digitally inclusive society.

Published by the This Day Newspaper on Monday, 9th May, 2016

#IndustryPulse: First Bank Partners Katsina on Sustainable Devt

Consistent with its thought leadership stance and commitment to drive sustainable national economic development, First Bank of Nigeria Limited, has partnered the Katsina State Government in hosting the Katsina Economic Investment Summit with the theme: “Unlocking Investment Potentials for Sustainable Development”.

Published by the This Day Newspaper on Monday, 9th May, 2016

#SMEs: Microsoft announces Cloud solutions provider programme

At the recently concluded Worldwide Partner Conference, Microsoft announced expansion in the services that Cloud Solutions Provider (CSP) partners offer to small-and-medium business customers.

Published by the This Day Newspaper on Monday, 9th May, 2016

#Employment: Ayade-Cross River seaport will create 30,000 Jobs

The Cross River Sate, Governor, Ben Ayade, has disclosed that the Deep Seaport to be constructed in the state will create 30,000 jobs. The Deep Seaport located around Bakassi waterways and the Atlantic Ocean is part of Ayade’s signature projects, and includes the 260 kilometer Super Highway, which will link Calabar Metropolis to Katsina-Ala in Benue State.

Published by the This Day Newspaper on Monday, 9th May, 2016

#Agric: Senate Committee backs FG’s plan to import grazing grasses from Brazil

The Senate Committee on Agriculture at the weekend threw its weight behind federal government’s decision to import grasses for grazing from Brazil. Chairman of the committee, Senator Abdullahi Adamu, who made the disclosure in Abuja said the importation of grazing pastures for cattle at designated places across the country would proffer permanent solution to the protracted crisis between farmers and herdsmen.

Published by the This Day Newspaper on Monday, 9th May, 2016

#Infrastructure: FG needs N1.7tn to complete 206 road projects, Says Fashola

He Minister of Power, Works and Housing, Mr Babatunde Fashola, has said the federal government will need as much as N1.7 trillion to complete about 206 road projects it awarded in the past.

Published by the This Day Newspaper on Monday, 9th May, 2016

#Innovation: Three Nigerians made final list of $150,000 Africa Innovation prize

Three Nigerians have been named as part of the 10 nominees for the Innovation Prize for Africa (IPA), offering a grand share prize of US$150,000 and incentive to spur growth and prosperity in Africa through home-grown solutions.

Published by the Guardian Newspaper on Tuesday, 10th May, 2016

#CSR: Dangote Foundation donates N2b to Borno IDPs

The President of Aliko Dangote Foundation, Alhaji Aliko Dangote, said the foundation has donated N2 billion to Internally Displaced Persons (IDPs) in Borno state as the Muslims Ramadan Fast approaches.

Published by the Guardian Newspaper on Tuesday, 10th May, 2016

#Empowerment: Entrepreneurship trade fair begins tomorrow in Abuja

A two-day entrepreneurship trade fair begins tomorrow at the Nigerian-Turkish Nile University, Abuja. The fair, organized by the University’s Centre of Lifelong Learning, is aimed at exposing participants to the essentials of planning for life after university education.

Published by the Guardian Newspaper on Tuesday, 10th May, 2016

#Oil: Oil prices fall to $44.05 amid uncertainty over Saudi Arabia minister’s exit

International crude oil prices dropped to 444.05 yesterday amid market uncertainty generated by the removal of Saudi Arabia’s long-serving oil minister. Ali al-Naimi.

Published by the Guardian Newspaper on Tuesday, 10th May, 2016

#Economy: ECOWAS’ red tapes threaten nations’ share of $3.4 trillion free trade revenue

Nigeria and other member countries in the Economic Community for West African States (ECOWAS) may lose out in the $3.4 trillion combined GDP of the Continental Free Trade Area (CFTA) economy by 2017 when the CFTA becomes operational if regional trade challenges are not addressed.

Published by the Guardian Newspaper on Tuesday, 10th May, 2016

#Investment: Passage of 2016 budget will boost investors’ confidence, says LCCI

The Lagos Chambers of Commerce and Industry (LCCI), has lauded the passage of the 2016 budget into law, describing it as a good development for the private sector. The Director-General of the chamber, Muda Yusuf, told the News Agency of Nigeria (NAN) that the elements of non-certainty created by the non-passage of the budget had been removed.

Published by the Guardian Newspaper on Tuesday, 10th May, 2016

#IndustryPulse: Transcorp revs up expansion drive for improved returns

As part of its strategic thrust for brand building and extension, Transcorp Plc, has resolved to continue to improve operational and cost effectiveness as well as explore opportunities to expand product offering.

Published by the Guardian Newspaper on Tuesday, 10th May, 2016

#Awards: GTBank, others nominated for African Bankers awards

Guaranty Trust Bank Plc and three other investment firms have been nominated for this year’s edition of the African Banker awards. Specifically, GTBank Plc was nominated under four categories including Bank of the year, Banker of the year, best retail bank and innovation, while Vetiva and FBN Capital were nominated for the award under the deal of the year (equity) and deal of the year (debt) respectively.

Published by the Guardian Newspaper on Tuesday, 10th May, 2016

#Partnership: ISP partners Bitflux on expansion of 4G LTE service in Nigeria

Leading Internet Provider, e-Stream Networks has partnered with wholesale wireless broadband service provider, Bitflux Communications, to be its 4G LTE (Long Term Evolution) carrier across Nigeria. The partnership is aimed at providing high speed internet service to the vast Nigerian data subscribers.

Published by the Guardian Newspaper on Tuesday, 10th May, 2016

#Economy: Govt to partner state for economic growth

The Federal Government will partner the state government with workable strategy for economic development, President Muhammadu Buhari has said. He said the Federal Government will work with governors to come out with right policies and programmes that will secure the future generation of Nigerians, who, according to him, are entitled to prosperous heritage.

Published by the Nation Newspaper on Wednesday, 11th May, 2016

#Education: Six science varsities underway

The Federal Government is working towards establishing six new universities of Science and Technology to expand access to tertiary education, minister of Education, Mallam Adamu Adamu has said. Adamu spoke at a News agency of Nigeria (NAN) forum yesterday in Abuja. He said the future of the world depended on science and technology.

Published by the Nation Newspaper on Wednesday, 11th May, 2016

#Technology: ‘Digital transformation future of Nigeria, others’

Managing Director, Africa at Avaya, Hatem Hariri, has said digital transformation is key to Nigeria’s and other African countries’ future. He said the government and enterprises around the globe are looking at digitisation strategies to drive operational excellence, Greater competitive differentiation, customer and citizen satisfaction, and providing them with a more connected experience.

Published by the Nation Newspaper on Wednesday, 11th May, 2016

#Investment: Investec to run Africa infrastructure fund

Investec Asset Management has been appointed to manage the Emerging Africa Infrastructure Fund (EAIF). EAIF is an initiative of the donor-finaced Private Infrastructure Development Group. It was developed to mobilise capital into private sector infrastructure projects across sub-Saharan Africa. Established in 2002, the fund has committed over $1.2 billion to 63 projects in 19 countries.

Published by the Nation Newspaper on Wednesday, 11th May, 2016

#Philanthropy: Rotary donates borehole to Lagos community

It was prayer answered for residents of four communities- Olusanya, Papa Uku, Agbajowo and Ifesowapo Community development Association (CDA), in Fanimokun area of Agege Local Government Area when they took delivery of a borehole donated by the Rotary Club of Agege.

Published by the Nation Newspaper on Wednesday, 11th May, 2016

#CSR: Firm adopts 18 public schools

No fewer than 26,000 children has benefitted from FrieslandCampina WAMCO Nigeria Plc’s School Adoption Programme. The dairy firm, makers of Peak, Three Crown and Frisco brands of milk has endowed 18 public schools under the programme. It said the gesture was in response to the need to promote quality education and to enhance nutritional wellbeing of the students.

Published by the Nation Newspaper on Wednesday, 11th May, 2016

#Power: Power supply is now 2,149MW

The Transmission Company of Nigeria (TCN) yesterday sent out 2,149 megawatts to the 11 Electricity Distribution Companies otherwise known as DisCos. Although the Nigerian Electricity System Operator that published the generation and distribution data on its website has now passworded it, the Nation yesterday, learnt from a reliable source that 249.20MW was allocated to the Abuja Electricity Distribution Company (AEDC).

Published by the Nation Newspaper on Wednesday, 11th May, 2016

#MSMEs: CBN to fund SMEs with N220b

The Central Bank of Nigeria (CBN) has set aside N220 billion to assist owners of Small and Medium Enterprises (SMEs) to breathe life into the economy at the grassroots.

Published by the Nation Newspaper on Wednesday, 11th May, 2016

#Economy: Africa accounts for 1.4% of global insurance premium

The President, African Insurance Organization (AIO), Mrs Lamia Ben Mahmoud has lamented that Africa’s share of global insurance premium remains low at 1.4 per cent. She added that penetration remains low with a premium/Gross Domestic Product (GDP) ratio not exceeding 1 per cent in some countries. This is below the average rate of 2.7 per cent recorded in 2014 for the entire continent, she added.

Published by the Nation Newspaper on Wednesday, 11th May, 2016

#Economy: FG caps fuel price at N145 per litre

The Federal Governement has increased the price of petrol from N86.50 to a maximum of N145 per litre. The 80 per cent increase was announced to State House reporters yesterday by the Minister of State for Petroleum, Ibe Kachikwu.

Published by the Daily Trust Newspaper on Thursday, 12th May, 2016

#Health: FG appeals to resident doctors to shelve strike

The Minister of Labour and Employment, Sen. Chris Nwabueze Ngige, has appealed to the National Association of Resident Doctors (NARD) that began a 5-day warning strike yesterday to resume duty in the interest of the nation. A statement yesterday by the Deputy Director (Press) in the ministry, Samuel Olowookere, said the minister advised them to utilize the mechanism of the ongoing social dialogue with government on the issues of concern to its members.

Published by the Daily Trust Newspaper on Thursday, 12th May, 2016

#Economy: Experts, marketers says deregulation will end scarcity

Marketers and experts yesterday welcome the deregulation of the price of petrol saying it would end recurring scarcity of the product. Former Chief Economic Adviser to president Obasanjo, Professor Ode Ojowu reactintg, said the removal of the subsidy was the only way out to solve the lingering fuel shortages in the country.

Published by the Daily Trust Newspaper on Thursday, 12th May, 2016

#Economy: NLC vows to resist increase

The Nigeria Labour Congress (NLC) has vowed to resist the “unilateral increase” of fuel price announced by the Federal Government yesterday. The NLC, in a statement signed by its General Secretary, Dr peter Ozo-Eson said the new price of N145 per litre “represents the height of insensitivity and impunity and shall be resisted by the Nigeria Labour Congress and its civil society allies.

Published by the Daily Trust Newspaper on Thursday, 12th May, 2016

#Event: Summit ends with huge investments promises

The Katsina State 2016 economic and investment Summit ended yesterday with promises made by several prospective investors to establish businesses across the state.

Published by the Daily Trust Newspaper on Thursday, 12th May, 2016

#Economy: Katsina industrialists borrow N11.4bn from BoI

Industrialists in Katsina State have borrowed the sum of N11.45 billion from the Bank of Industry (BoI) for business purposes. This was disclosed by the BoI’s acting managing director, Mr Waheed Olagunju, Wednesday, when the Governor of Katsina State, Aminu Masari, commissioned the bank’s office in Katsina. The bank and the state also signed a matching fund deal of N8 billion at the side-line of the state’s economic and investment summit opened by president Buhari.

Published by the Daily Trust Newspaper on Thursday, 12th May, 2016

#Agriculture: Tomato disease spread to Kano

A tomato disease known as tuta absolute is ravaging tomato farms in Kano State, giving farmers sleepless nights. A similar attack was, a few weeks ago, recorded in Katsina State and some parts of Kaduna State, forcing the price of tomato up.

Published by the Daily Trust Newspaper on Thursday, 12th May, 2016

#Girls with ICT skills more employable –DG, NITDA

Girls that acquire Information and Communications Technology (ICT) skills are more employable than their counterpaqrts in other fields of study. The Director-General of the Nigeria Information Technology Development Agency (NITDA), Dr Vincent Olatunji, made this assertion during the 2016 International Girls in ICT Day Celebration, which held at the IBI Training Centre, Wuse 2, Abuja.

Published by the Daily Trust Newspaper on Thursday, 12th May, 2016

#Education: 10 indigenous students gets AUN scholarship

Members of the Rotarct Club of the American University of Nigeria (AUN) have awarded scholarship to 10 students of Bako community in Adamawa State.

According to a report from the school, the scholarship covers the students’ tuition in junior secondary school. They were also given textbooks and other learning materials.

Published by the Daily Trust Newspaper on Thursday, 12th May, 2016

#Education: FG wants more patronage for eBooks

The Federal Government has enjoined Nigerians, especially students, to patronize electronic books. The Minister of Education, Mallam Adamu Adamu, gave the advice during the 7th book fair, organized by the Nigerian Book Fair Trust (NBFT), northern zone in Kano.

Published by the Daily Trust Newspaper on Thursday, 12th May, 2016

#Innovation: Students make poultry feed machine

Students of the mechanical engineering department of the Federal Polytechnic Bida have designed and constructed a poultry feed milli9mg machine in collaboration with their supervisor, Engineer Mohammed Enyiola Usman.

Published by the Daily Trust Newspaper on Thursday, 12th May, 2016

#Health: Traditional attendants will reduce maternal mortality rate- Ambode

Governor Akinwumi Ambode of Lagos State on Thursday said that Traditional Birth Attendants have roles to play in the state government’s effort to reduce the maternal mortality rate. Ambode spoke at a ceremony in Alausa, Ikeja, where certificates of participation in orientation courses were presented to 400 TBA’s.

Published by the Punch Newspaper on Friday, 13th May 2016

#Investment: Lagos to harmonise laws, fees to boost tourism

Conflicting tourism laws, permits and licensing fees will soon be harmonised to encourage investment in tourism sector, says the Lagos State Government. The Commissioner for Tourism, Arts and Culture, Folorunsho Folarin-Coker, who stated this on Thursday at a press conference in Ikeja, explained that the Hotel Licensing Law Cap H6, Law of Lagos State of Nigeria, 2003; Hotel Licensing (Amendment) Law of 2010 and some local government permits and licences applicable to hotel and hospitality-related businesses conflicted and needed adjustment.

Published by the Punch Newspaper on Friday, 13th May 2016

#Economy: Subsidy removal- Naira tumbles to 341/dollar

The naira fell to 341 against the United States dollar at the parallel market on Thursday from 321 following Wednesday’s removal; of subsidy from petrol and the announcement of N145 per litre as the maximum pump price. The local currency was trading N199.40 to the greenback on the official interbank market, around the 197 official peg rates.

Published by the Punch Newspaper on Friday, 13th May 2016

#Economy: Stock market gains N81bn, 37 firms appreciate

A total of 37 firms made the gainers’ list at the close of trading on the floor of the Nigerian Stock exchange on Thursday. This pushed up the NSE market capitalisation by N81bn. The NSE realised a turnover of N1.491bn from 3,457 deals trading on 261.943 shares.

Published by the Punch Newspaper on Friday, 13th May 2016

#Stakeholders’Action: Unilever shareholders approve N189.2m dividend pay-out

Unilever Nigeria Plc. has declared a dividend of N189.2million following its approval by the company’s shareholders at the 91st Annual General Meeting held in Lagos on Thursday. The dividend pay-out translates to a dividend pay-out of 5 kobo per ordinary share to the shareholders.

Published by the Punch Newspaper on Friday, 13th May 2016

#Economy: N350bn release for capital project begins on Friday

The Federal Government said on Thursday that it would commence the release of the sum of N350 billion set aside for capital projects as contained in the 2016 budget today.

Published by the Punch Newspaper on Friday, 13th May 2016

#Economy: C’River to acquire tank farm for N615m

The Cross River State Government has concluded arrangements with a commercial bank to acquire Mainland Oil and Gas Tank Farm in Calabar to make access to petroleum products easier. The acquisition, which will come in form of a lease that will be funded by the bank, is expected to gulp N615 million.

Published by the Punch Newspaper on Friday, 13th May 2016

#Investment: Africa offers best returns on investment, says Dangote, others

Business leaders at the ongoing World Economic Forum on Africa in Kigali, Rwanda have called for conscious efforts to be made to counter the gloomy pictures painted about doing business on the continent in order to attract investors. Led by the continent’s richest man, Aliko Dangote, members at McKinsey private breakfast discussion panel agreed that Africa’s long term growth potential should be a subject of emphasis to gradually change the wrong perception.

Published by the Punch Newspaper on Friday, 13th May 2016

#Agric: Heritage Bank, Oyo signs deal to boost agribusiness

Heritage bank and the Oyo State government have signed a multi-billion naira partnership to revive agriculture and boost agro-allied businesses in the state. The lender said in a statement on Monday that the move was in line with the Federal Government’s drive to diversify the economy.

Published by the Punch Newspaper on Friday, 13th May 2016

#Empowerment: CIBN approves FCMB’s capacity building programme

First City Monument Bank Limited says the capacity building and training programme being offered by the FCMB training Academy have received due recognition. The lender said the academy had been granted full accreditation status by the Chartered Institute of Bankers of Nigeria.

Published by the Punch Newspaper on Friday, 13th May 2016

#MSMEs: Skye Bank advises SMEs on long term growth

Skye Bank has advised the Small and Medium Enterprises in the country to put in place strong internal control and effective book keeping measures as critical success factor for business sustainability.

Published by the Punch Newspaper on Friday, 13th May 2016

#Agric: FG, World Bank to reduce post-harvest wastage

The Federal Government and the World Bank are collaborating with an indigenous agro-allied food processing equipment fabricator to boost preservation of agricultural produce and thus, reduce post-harvest wastage in the country.

Published by the Punch Newspaper on Friday, 13th May 2016

#Education: US experts meet to boost education in Lagos

Education stakeholders in the United States of America will converge in California, United States on today to help formulate strategies to enhance education in Nigeria, using Lagos as a pilot state.

Published by the Punch Newspaper on Friday, 13th May 2016

CSR NEWS SUMMARY ISSUE 135

#Empowerment: LASG plans job training for 750 youths

The Lagos State Government says no fewer than 500 youths in the state will be given free software engineering training, adding that another 250 youths will receive a special training to boost their skills. The government which explained that the beneficiaries would be selected in each division of the state said that the initiative would increase the employability and orientation that would enable the beneficiaries to fit into available job opportunities in the state.

Published by the Punch Newspaper on Tuesday, 3rd May, 2016

#Econopmy: Diversification, way out of economic woes- Bello

The Governor of Niger State, Abubakar Bello, has said that diversification of the nation’s economy remains the only way out of the present financial challenges facing the country. He observed that the country was going through her most critical time in the history.

Published by the Punch Newspaper on Tuesday, 3rd May, 2016

#Power: We’ll generate 7,000MW in 18 months

Vice President Yemi Osinbajo has assured Nigerians that the problems in the power sector are being given serious attention as the Federal Government targets generation of 7,000 megawatts in the next 18 months.

Published by the Punch Newspaper on Tuesday, 3rd May, 2016

#MSMEs: LASG promotes local products with MSME fair

As part of the Lagos State Government’s marketing intervention support programme for operators of Micro, Small md Medium Enterprises, the State’s Ministry of Commerce, Industry and Cooperative will from Tuesday (today) to Sunday, May 8, 2016, host the maiden edition of the Lagos State MSME Exclusive Fair.

Published by the Punch Newspaper on Tuesday, 3rd May, 2016

#Investment#Health: Health investment’ll reverse $1bn medical tourism bill

The Nigerian Sovereign Investment Authority on Monday said it had commenced a massive healthcare investment programme that will cover all six geopolitical regions in the country. The Managing Director, NSIA, Mr Uche Orji, confirmed the development in a statement issued in Abuja.

Published by the Punch Newspaper on Tuesday, 3rd May, 2016

#CSR#MSME: Skye Bank, CDS to develop business opportunities

Skye Bank on Monday said it would continue to give support to business owners through its Small and Medium Enterprise Support Policy, aimed at developing capacity to grow and nurture businesses, thereby creating more employment for the people.

Published by the Punch Newspaper on Tuesday, 3rd May, 2016

#Industry: Mining can earn for Nigeria N5tn yearly

The Minister of Solid Mineral Development, Dr Kayode Fayemi, has said that Nigeria can generate about N5tn annually if it opens up the sector. He also said that the solid minerals sector had the potential to generate a lot of jobs.

Published by the Punch Newspaper on Tuesday, 3rd May, 2016

#Empowerment: ARM Pensions to reduce skills gap in MDAs

ARM Pensions Limited is seeking to reduce the level of skill gaps in pension desk officers in the Federal Government’s Ministries, Departments and Agencies. The Regional Manager, ARM Pensions, Mr Tunji Olabode, stated this at a workshop organized for the PDOs in the MDAs in Abuja.

Published by the Punch Newspaper on Tuesday, 3rd May, 2016

#Technology: We’ve been inspiring youths with technology- Accenture

Accenture, a service company, which provides solutions in digital technology and operations, says it has been at the forefront of inspiring Nigerian youths to build careers in Information and Communication Technology creativity and advancement.

Published by the Punch Newspaper on Tuesday, 3rd May, 2016

#Agric: Lagos targets 25% food needs in four years

The Lagos State Commissioner for Agriculture, Mr Toyin Suarau, says the government is bent on increasing food supply of the state from less than 15 per cent to 25 per cent within the next four years.

Published by the Punch Newspaper on Wednesday, 4th May, 2016

#Oil: Lagos joins oil-producing states as Aje field begins production

Twenty years after it was discovered, the Aje Field located in Oil Mining Lease 113 has achieved its first oil, putting Lagos on the list of oil-producing states in the country. The milestone is coming after several missed targets for the achievement of first oil, the latest being March this year.

Published by the Punch Newspaper on Wednesday, 4th May, 2016

#Power: Power firms exploits consumers, inflate bills

Apart from increasing electricity tariffs astronomically, the power distribution companies have also increased the energy consumption units of their consumers who get arbitrary estimated bills, investigations have shown.

Published by the Punch Newspaper on Wednesday, 4th May, 2016

#Oil&gas: FG to fast track approval for gas projects

As most of the nation’s natural gas reserves remain untapped, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said the Federal Government will accelerate approval for gas infrastructure projects. Kachikwu stated this in a presentation at the 2016 Nigeria Content Presentation Forum in Houston, Texas, United States, which was made available to our correspondents on Wednesday.

Published by the Punch Newspaper on Wednesday, 4th May, 2016

#MSMEs: Lagos implements national MSME policy

The Lagos State Government on Tuesday commenced the implementation of the National Policy on Micro, Small and Medium Enterprises with the inauguration of the state council on MSMEs.

Published by the Punch Newspaper on Wednesday, 4th May, 2016

#IndustryPulse: UBA plans to operate in 25 countries

The United Bank for Africa plans to extend its presence to six more African countries to bring the number to 25 as part of its continent wide expansion drive. Apart from Nigeria, the bank presently operates in 18 other African countries and has reported strong growth in the subsidiaries, which now contribute about 25 per cent of the group’s operating revenue.

Published by the Punch Newspaper on Wednesday, 4th May, 2016

#MSMEs: LAPO MfB seeks growth of SMEs

Lift Above Poverty Organization, a microfinance bank, says it is committed to the growth of Small and Medium Enterprises in the country. The lender said the SME sector was crucial to the growth of the economy and the MfB was willing to partner relevant stakeholders to boost the growth of SMEs.

Published by the Punch Newspaper on Wednesday, 4th May, 2016

#Economy: Agric, solid minerals export crucial to economic diversification

The Federal government must seek to boost agricultural and solid minerals export to boost its economic diversification drive, the Managing Director, Nigerian Ports Authority, Mr Habib Abdullahi, has said. He said the agency had therefore keyed into the Federal Government’s agenda to diversify the economy by focusing on ways to encourage the export potential of agricultural products and solid minerals.

Published by the Punch Newspaper on Wednesday, 4th May, 2016

#SDGs: NSE, FCMB boost sustainable development goal

The Nigerian Stock Exchange and the First City Monument Bank Limited have collaborated to enhance the Sustainable Development goal which focuses i=on health for all. The FCMB in a statement on Tuesday said it was supporting this year’s edition of the NSE’s Corporate Challenge coming up on May 14, 2016 in Lagos.

Published by the Punch Newspaper on Wednesday, 4th May, 2016

#Technology: Technologists urge government to implement agreement

The National Association of Academic Technologists has urged the Federal Government to implement an agreement that was signed with it seven years ago or face the wrath of the workers.

Published by the Punch Newspaper on Wednesday, 4th May, 2016

#Empowerment: Group begins empowerment of young Nigerians

The African Children Empowerment Initiative, a non-governmental organization, has commenced skill development programmes for children and adolescents in Nigeria.

Published by the Punch Newspaper on Wednesday, 4th May, 2016

#Economy: FG outlines 34 priority projects

The Federal Government has set out “34 strategic priority programmes and projects” that it intends to achieve beginning with the 2016 budget. Minister of State for Budget and National Planning, Zainab Ahmed disclosed this to reporters after a cabinet meeting presided over by VICE President Yemi Osinbajo.

Published by the Daily Trust Newspaper on Thursday, 5^th May 2016

#Technology: FG set to meet deadline on digital broadcasting

The Federal Government has licensed 13 set-up box manufacturers and approved three digital signal distributors in an effort to fast track the process to meet the June 2017 deadline for transition from analogue to digital television broadcasting in Nigeria.

Published by the Daily Trust Newspaper on Thursday, 5^th May 2016

#Health; Govt earmarks N2.5b to recruit doctors, nurses

The Katsina State Government has earmarked N2.5 billion as special intervention fund to address some key challenges in its health sector, the state Commissioner of Health, Mariya Bala Usman has said.#

Published by the Daily Trust Newspaper on Thursday, 5^th May 2016

#Health: Govt to construct Medical Park

The Lagos State Government yesterday disclosed its plans to commence the construction of world class Medical Park under a Public Private Partnership (PPP) arrangement

Published by the Daily Trust Newspaper on Thursday, 5^th May 2016

#Environment: Illegal felling of trees banned

The Kogi State Government yesterday banned illegal felling of economic trees and sand excavation in its effort to protect forest reserves. Special Adviser to the Governor on Environment, Sanitation and Emergency, Mrs Rosemary Osikaya announced the ban when she led members of the Taskforce on Forestry in the inspection to assess the level of deforestation in the eastern part of the state.

Published by the Daily Trust Newspaper on Thursday, 5^th May 2016

#Investment: Commonwealth Investors plan N199.20bn investments in Nigeria

Investors under the Commonwealth Enterprise and Investment Council have planned to invest N199.20 billion (about $1bn) in Nigeria. At a meeting with the Nigeria Investment Promotion Council held in Abuja yesterday, Oliver Everett, the chief executive officer of the council said the council would introduce investors to Nigeria.

Published by the Daily Trust Newspaper on Thursday, 5^th May 2016

#Agric: Nigeria gets 12 varieties of rice seeds from Guinea

The Republic of Guinea has donated 12 high yielding varieties of rice seeds to Nigeria to increase rice production in the country. The donation was presented to the Federal Ministry of Agriculture and Rural development on behalf of the Government of the Republic of Guinea by Ambassador Jerry Hassan, the Change “D” Affairs of Nigeria to the Republic of Guinea.

Published by the Daily Trust Newspaper on Thursday, 5^th May 2016

 #Power: FG to decentralize, concession transmission grid

Nigeria is seriously considering the decentralisation of its power transmission network into segments which could be concessioned to private operators to invest in, manage and charge transmission fees, the Minister of Power, Works and Housing, Mr Babatunde Fashola has said.

Published by the This Day Newspaper on Friday, 06 May 2016

#IndustryPulse: Insurance Industry Asset to Hit N16 trillion by 2020

The insurance industry, will achieve a market asset base of N16 trillion and premium income of N6 trillion by the year 2020, the Director General of Nigerian Insurers Association (NIA), Mr Thomas Sunday has said.

Published by the This Day Newspaper on Friday, 06 May 2016