#IndustryPulse: Manufacturers Key into FX Futures as Market Records
$294.6m Turnover
In order to optimally manage and
plan their foreign exchange (FX) requirements and transactions more easily,
manufacturers in the country have started taking advantage of the
over-the-counter FX Futures market.
Publishing by THISDAY Newspaper on Monday, 8th August, 2016
#Economy: Paucity of Funds Threatens NAMA Operations
Lack of funds has made it difficult
for the Nigerian Airspace Management Agency (NAMA) to carry out its financial
obligations, THISDAY investigations have revealed.
Publishing by THISDAY Newspaper on Monday, 8th August, 2016
#Partnership; Buhari Seeks More Economic Engagement between Nigeria,
Italy
President Muhammadu Buhari has
called for more intensive trade and economic engagement between Nigeria and
Italy. Speaking recently during a courtesy call by Mr Paolo Gentiloni, the
Italian Minister of Foreign Affairs and International Cooperation at the State
House, Abuja Buhari described the connection between Nigeria and Italy as very
strong.
Publishing by THISDAY Newspaper on Monday, 8th August, 2016
#Business: Wapic Insurance Records N368m Profit before Tax in Six Months
Wapic Insurance Plc, one of the
licensed insurance companies in Nigeria, has announced Profit before Tax (PBT)
of N368 million in its unaudited financial report for the period ended June
30th, 2016
Publishing by THISDAY Newspaper on Monday, 8th August, 2016
#IndustryPulse: Skye Bank Pledges Improved IGR for States
Skye Bank Plc has expressed its
readiness to assist states in the country improve on their internally generated
revenue (IGR), plug leakages in the collection of services across all revenue
channels as well as help solve ghost workers syndrome through efficient payroll
software expertise.
Publishing by THISDAY Newspaper on Monday, 8th August, 2016
#Economy: Institute Harps on Policies to Resuscitate Nigeria’s Economy
The Lagos State Branch of the
Institute of Bankers of Nigeria (CIBN) has stressed the need for policies that
would help resuscitate the ailing Nigerian economy.
Publishing by THISDAY Newspaper on Monday, 8th August, 2016
#Empowerment: Fidelity Bank Empowers Exporters
As part of efforts towards
encouraging exports among entrepreneurs in the country, Fidelity Bank Plc has
empowered a set of exporters through a capacity-building programme. This was to
enable the operators have requisite knowledge and skill to do their export
business.
Publishing by THISDAY Newspaper on Monday, 8th August, 2016
#Entrepreneur #Partnership: Heritage Bank Partners BoI on
Entrepreneurship Devt
Heritage Bank Plc and the Bank of
Industry (BoI) have entered into another partnership in their bid to curb
unemployment among the youths as well as boost entrepreneurship.
Publishing by THISDAY Newspaper on Monday, 8th August, 2016
#Business: Vitafoam Diversifies, Introduces New Products to Boost
Earnings
In a move aimed at staving off the
ongoing economic challenges and boost earnings, Vitafoam Nigeria Plc has
introduced innovative products. The products are in line with the company’s
diversification programme. Addressing journalists on the 2016 Breastfeeding
Week in Lagos, last week, the Group Managing Director, Mr Taiwo Adeniyi said
the diversification is key considering the current economic challenges.
Publishing by THISDAY Newspaper on Monday, 8th August, 2016
#Power #Stakeholders’Action: Conduct ‘Energy Audit’ of Electricity
Consumers, Fashola Tells Discos
Minister of Power, Housing and
Works, Babatunde Raji Fashola, has tasked electricity distribution companies
(DISCOs) to conduct “energy audit” of consumers, before transmission and
distribution of electricity could be improved.
Published by the Guardian Newspaper on Tuesday, 9th August, 2016
#IndustryPulse: New JAMB Registrar Assumes Office, Pledges to Sustain CBT
The newly appointed Registrar/Chief
Executive of the Joint Admissions and Matriculation Board (JAMB), Prof Ishaq
Oloyede has pledged to sustain the Computer-Based Test (CBT).
Published by the Guardian Newspaper on Tuesday, 9th August, 2016
#Health: Scientists Meet To Check Disease Outbreaks In Africa
Over 900 scientists across
sub-Saharan African countries are currently meeting in Abuja to discuss means
of tackling disease outbreaks in the region. The Chief Executive Officer (CEO),
African Field Epidemiology Network (AFENET) Dr Kenneth Ofosu-Barko during the
opening of the Sixth AFENET and First ECOWAS Regional Centre for Disease
Control (RCDC) Scientific Conference yesterday in Abuja noted that the aim of
the meeting is to share experience and advances in public health.
Published by the Guardian Newspaper on Tuesday, 9th August, 2016
#Education: Envoy Urges Stronger Nigeria-Germany Educational Ties, UNIBEN
Gets Lift
Germany has called for the
strengthening of educational relations with Nigeria. Also, international
programmes and collaboration between the University of Benin (UNIBEN) and
Germany will receive boost as the latter has pledged to strengthen ties with
the institution to create awareness and showcase available opportunities that
would enhance academic growth for national development.
Published by the Guardian Newspaper on Tuesday, 9th August, 2016
#Stakeholders Action: Women Warn Against Electoral Violence
Desirous to have a free and fair
election, the National Association for Peaceful Elections in Nigeria (NAPEN)
and Women Advocates Research and Documentary Centre (WARDC), have urged
political parties and the electorate to embrace peace during after the polls.
Published by the Guardian Newspaper on Tuesday, 9th August, 2016
#Opportunity: Commission Launches Portal In Abuja
Ghana High Commission in Nigeria
has launched its online portal to give students an opportunity to search for
higher learning, which offer programmes in line with their preferences.
Published by the Guardian Newspaper on Tuesday, 9th August, 2016
#Oil: IOCs, Indigenous Oil Firms Lose N2.26 Trillion To Low Prices,
Militancy
Weighed down by the lower crude oil
prices, weak refinery margin and renewed militant attack on facilities in the
Niger Delta, some International Oil Companies (IOCs) as well as indigenous
firms have suffered a loss of over N2.26 trillion in the first half of 2016
Published by the Guardian Newspaper on Tuesday, 9th August, 2016
#StakeholdersAction: Lafarge, SON Lament Lull in Manufacturing
The management of Lafarge Africa,
cement manufacturing plants at Ewekoro
and Sagamu, Ogun State, have cried out against the inadequate supply of gas to
power their plants.
Published by the Guardian Newspaper on Tuesday, 9th August, 2016
#Agric #Economy: Aregbesola Wants Ban on Export of Primary Farm Produce
Governor Rauf Aregbesola of Osun State
has called for a ban on the export of primary farm produce as part of strategies
to grow local productions and enhance the value chains of the country’s
agricultural investments.
Published by the Guardian Newspaper on Tuesday, 9th August, 2016
#IndustryPulse: Industry Regulators Establish Joint Committee to Energise
ICT Devts
Nigeria’s Information and
Communication Technology (ICT) sector has received another boost with the
Nigerian Communications Commission (NCC) and the National Information
Technology Development Agency (NITDA) agreeing to a joint committee to design a
framework for collaboration to optimise development efforts for the
telecommunications and ICT industry.
Published by the Guardian Newspaper on Tuesday, 9th August, 2016
#IndustryPulse: CIBN Bankers’ Nite to focus on repowering Nigeria’s
economy
The Chartered Institute of Bankers
of Nigeria (CIBN), Lagos branch, has concluded plans to gather experts and
stakeholders in the banking industry to brainstorm on how to re-power Nigeria’s
economy in the 2016 Bankers’ Nite.
Published by the Guardian Newspaper on Tuesday, 9th August, 2016
#StakeholdersAction: Experts advocate Vocational Training to Boost
Entrepreneurship
To eradicate the scourge of
unemployment and youth restiveness, Fountain Initiative for Social Development
(FISD), said it is empowering youths to promote self-reliance and wealth
creation through skill acquisition.
Published by the Guardian Newspaper on Tuesday, 9th August, 2016
#Agric: Buhari laments poor products’ preservation
President Muhammadu Buhari
yesterday decried the culture of waste following the lack of means in
preserving agricultural products. He spoke while receiving the Global Chief
Executive officer of Friesland Campina in the Netherlands, Mr Roelf Joosten, at
State House, Abuja.
Published by the Nation Newspaper on Wednesday, 10th August, 2016
#Investment: Commission strengthens disclosure measures
The Board of the International
Organization of Securities Commission (IOSCO) has issued Non-GAAP Financial
Measures to strengthen disclosures by issuing entities and enhance investors’
confidence in the global investment market.
Published by the Nation Newspaper on Wednesday, 10th August, 2016
#IndustryPulse: GSK Nigeria sells N23b drink business this month
GlaxoSmithKline Consumer Nigeria
(GSK Nigeria) plans to conclude arrangements in the ongoing sale of its drink
business this month, according to the schedule for the N22.6b deal.
Published by the Nation Newspaper on Wednesday, 10th August, 2016
#Empowerment: Edo North art- Boost to youth empowerment
Edo state Commissioner of Education
Mr Gideon Obhakhan has described the recently concluded Edo North Art Expo 2016
as a timely boost to the war against the increasing rate of youth restiveness
and unemployment in the country. He said the expo would also reveal its
essentialities in contemporary societies.
Published by the Nation Newspaper on Wednesday, 10th August, 2016
#StakeholdersAction: Give us education college, monarch urges Mimiko
The traditional ruler of
Alade-Idanre in Ondo state, Oba Olusegun Ayodele Akinbola, the Aladeokun of
Alade-Idanre in Idanre Local Governement Area of Ondo state, has urged Governor
Olusegun Mimiko to establish a college of education in his domain.
Published by the Nation Newspaper on Wednesday, 10th August, 2016
#IndustryPulse: CBN extends BVN for Diaspora customers to December
The Central bank of Nigeria (CBN)
yesterday extended the deadline for Bank Verification Number (BVN) registration
for Nigerians in the Diaspora till December 31, this year.
Published by the Nation Newspaper on Wednesday, 10th August, 2016
#Award: Union Bank wins ITF award
The Industrial Training Fund of
Nigeria (ITF) has announced Union Bank of Nigeria Plc. as the “Overall Best
Contributing Employer in Human Resources” for the year 2015.
Published by the Nation Newspaper on Wednesday, 10th August, 2016
#Philanthropy: USAID Donates $37m to Victims of Lake Chad Basin Conflicts
The United State Agency for
International Development (US-AID), said it will provide over $37 million to
victims of conflicts throughout Nigeria and the Lake Chad Basin.
Published
by the Leadership Newspaper on Thursday, 11th August, 2016
#Investment: FGF Targets N110bn from 3 Bond Issues
Nigeria is set to raise N10 billion
from the local debt market through the re-opening of three Federal Government
Bonds next week, the Debt Management Office (DMO) has disclosed.
Published
by the Leadership Newspaper on Thursday, 11th August, 2016
#Health: Saraki’s Wife Seeks Reduction in Infant Mortality
Wife of the Senate President, Mrs
Toyin Saraki, yesterday called on all key policy and healthcare professionals
in Nigeria to increase efforts at improving breastfeeding rates, in order to
greatly reduce child mortality and to attain a healthier nation, through the
improved social and economic benefits of early and exclusive breastfeeding.
Published
by the Leadership Newspaper on Thursday, 11th August, 2016
#StakeholderAction: JABU Says Privet Varsities Need to Benefit form TETFUND
The Vice-Chancellor, Joseph Ayo
Babalola University, Ikeji-Arakeji, Osin State, Prof, Sola Fajana has
reiterated the need by the government to assist privately-owned universities
financially by allowing them to benefit from the Tertiary Education Trust fund,
TETFund.
Published
by the Leadership Newspaper on Thursday, 11th August, 2016
Education:
Kwara Sets Up Visitation Panel for Tertiary Institutions
The Kwara state governor, Alhaji Abdulfatah Ahmed has
approved the constitution of visitation panels for the College of Arabic and
Islamic Legal Studies, Ilorin and the College of Education, Oro.
Published
by the Leadership Newspaper on Thursday, 11th August, 2016
#IndustryPulse:
New LRCN Registrar Pledges to Engages Stakeholders
The newly appointed Registrar/CEO of Librarians’ Registration
Council of Nigeria (LRCN), Professor Michael Afolabi has assumed duties with a
pledge to engage fully with stakeholders in the Library and Information Science
sector (LIS).
Published
by the Leadership Newspaper on Thursday, 11th August, 2016
#IndustryPulse:
UNESCO DG Arrives Nigeria, Engages PMB, Other Stakeholders
The Director-General of the United Nations Educational,
Scientific and Cultural Organization (UNESCO), Ms Irina Bokova yesterday
arrived Nigeria on an official visit to discuss and strengthen UNESCO’s
programmes in the country.
Published
by the Leadership Newspaper on Thursday, 11th August, 2016
#Innovation:
Shittu, Danbatta to Speak on Nigeria’s Digital Innovation
Minister of Communications, Barrister Adebayo Shittu and the
Executive Vice-Chairman of the Nigerian Communications Commission (NCC), Prof.
Umar Danbatta will lead discussions at this year’s Nigeria Digital Innovation
Conference holding in Kano. The conference with the theme: Building a new
Nigeria in a digital economy’ will hold at the Bayero University, Kano, Kano
state from August 18-19, 2016 and will examine how the rapid expansion of
digital technology and broadband is transforming the economic opportunities for
millions of Nigerians.
Published
by the Leadership Newspaper on Thursday, 11th August, 2016
#Power #Partnership:
Kaduna Electric Partners FCMB on Bill Collections
Pursuant to its on-going effort towards improved service
delivery in its areas of coverage, Kaduna Electric has entered into partnership
with First City Monument Bank (FCMB) to ease bill payment for customers.
Published
by the Leadership Newspaper on Thursday, 11th August, 2016
#MSMEs:
Etisalat, Singapore Firm Create Portal to Develop SMEs
Etisalat Nigeria yesterday in Lagos partnered with
Singapore’s YuuZoo Corporation to unveil a bespoke e-commerce platform, SME
Arena, to facilitate the growth of Small and Medium Enterprises (SMEs) in the
country.
Published
by the Leadership Newspaper on Thursday, 11th August, 2016
#Power: FG
Partners Firm on Off-grid Solar Power Project
The Federal Government is working out modality that will help
bring down power consumption by individual power consumers and other business
outfits. Specifically, the government is partnering Omatek Ventures to further
expand the country’s off-grid project in a bid to address the lingering energy
crises.
Published
by the Leadership Newspaper on Thursday, 11th August, 2016
#Agric:
Lagos to Stimulate Youths’ Interest in Agriculture with Incentives
Lagos State Government has restated its commitment to broaden
capacity and stimulate the interest of youths in the agriculture sector through
intensive training and skill acquisition programmes.
Published
by the Leadership Newspaper on Thursday, 11th August, 2016
#Health:
Crude oil causes heart, skull deformities
With the rising cases of oil spills, pipeline destruction in
the oil-rich Niger Delta and over-dependence of petroleum products, Nigerians are
in a massive health catastrophe.
Published
by the Guardian Newspaper, Friday, 12th August, 2016
#StakeholdersAction:
Change must begin with economy, says private sector
Stakeholders in the
Organized Private Sector (OPS) have urged the President Buhari-led
administration to implement its change agenda by focusing more on the economy,
to avoid social problems triggered by hunger and poverty.
Published
by the Guardian Newspaper, Friday, 12th August, 2016
#Health:
FG, WHO confirm new polio cases in Borno
The World Health Organization (WHO) and the Ministry of
Health confirmed two new cases of polio in Nigeria, yesterday, at an emergency
meeting of its Expert Review Committee (ERC) on Polio and Routine Immunization in Nigeria.
Published
by the Guardian Newspaper, Friday, 12th August, 2016
#Environment:
President wants rich nations to save receding Lake Chad
President Muhammadu Buhari has challenged economically
advanced countries to rise up to the task of saving the fast receding Lake Chad
from the impact of climate change.
Published
by the Guardian Newspaper, Friday, 12th August, 2016
#Education:
UNESCO plans to expand chair programme in Nigeria
The United Nations’ Education, Scientific and Cultural
Organization (UNESCO) has expressed willingness to strengthen relationship with
Nigeria in development of tertiary education and expansion of its programme.
Published
by the Guardian Newspaper, Friday, 12th August, 2016
#Infrastructure:
Kaduna to demolish more structures under power lines
The Kaduna State Government has said that more illegal
structures erected under high-tension power lines in Barkallahu community,
Igabi local council would be demolished to prevent a looming disaster.
Published
by the Guardian Newspaper, Friday, 12th August, 2016
#Infrastructure:
Ambode commissions first state-owned helipad for medical emergencies
Lagos State Governor Akinwumi Ambode yesterday commissioned the
first state-owned helipad for medical emergencies in the country at the Lagos State
University Teaching Hospital (LASUTH), Ikeja.
Published
by the Guardian Newspaper, Friday, 12th August, 2016
#Education #Infrastructure:
700 schools risk closure in Nasarawa state
No less than 700 private schools in Karu local Council of Nasarawa
State face imminent closure due to inadequate facilities, the General
Secretary, National Association of Proprietors of Private Schools (NAPPS0,
Salihu Ilyasu, has disclosed.
Published
by the Guardian Newspaper, Friday, 12th August, 2016
#Empowerment:
Etisalat empowers 100 youths wih entrepreneurial skills, equipment
A telecommunications operator, Etisalat, in partnership with
O.A. Bella Resources, has empowered 100 individuals with basic life skills and
basic equipment to help them maximise their potentials through the
establishment of start-up businesses.
Published
by the Guardian Newspaper, Friday, 12th August, 2016
#IndustryPulse:
Cross River raises hope on N300 billion Bakassi deep seaport
The Governor of Cross River State, Ben Ayade, has assured
that the mercenaries are in motion to begin construction works on the proposed
Bakassi deep seaport.
Published
by the Guardian Newspaper, Friday, 12th August, 2016
#MSMEs:
SMEDAN laments poor funding of organization
The Director-General of Small and Medium Enterprises
Development Agency of Nigeria (SMEDAN), Dr Dikko Umaru Radda, has lamented the
poor state of funding of government agencies, stating that there is need for better
coordination for maximum impact.
Published
by the Guardian Newspaper, Friday, 12th August, 2016
#Agric:
Bank of Agriculture plans single digit interest rate for farmers
In support of the diversification drive of the Federal
Government, the Bank of Agriculture (BOA) is considered a single digit interest
rate for farmers in the country.
Published
by the Guardian Newspaper, Friday, 12th August, 2016
#Economy:
NIM expresses concern on poor state of economy, outlines strategies
The Nigeria Institute of Management Chartered (NIM), has expressed
concern on the current poor state of Nigeria’s economy and suggested
improvement measures.
Published
by the Guardian Newspaper, Friday, 12th August, 2016
#StakeholdersAction:
Stakeholders seek govt intervention on bandwidth issues
Worried by barrage of problems militating against provision
of broadband internet in the country especially on transmission link,
stakeholders in the ecosystem have urged the federal government as a matter of
urgency to intervene by addressing the challenges.
Published
by the Guardian Newspaper, Friday, 12th August, 2016
#StakeholderAction:
NATCOMS urges NCC board to reduce price cap, others
The National Association of Subscribers’ (NATCOMS) has urged
the new board of the Nigerian Communications Commission (NCC) to urgently, in
the spirit of consumer-centrism, review charges, tariffs and other pricing
regimes in the industry.
Published
by the Guardian Newspaper, Friday, 12th August, 2016
