#Partnership: Ebonyi Partners FG on Manpower Development
The Ebonyi State commissioner for health, Dr. Daniel
Umezurike weekend said that the state is partnering with the tertiary
healthcare in the state to redeploys some of their health staffs to the rural
areas to improve qualitative healthcare delivery.
Published by the
Leadership Newspaper on Monday, January 30, 2017
#Education: 70 Students Receive UK Based Social Worker Scholarship in Edo
It was celebration galore as over seventy students from
selected secondary and tertiary institutions across the 18 local Government
Areas of Edo State, last weekend emerged lucky winners of the bursary award of
Hon Alile Coalition Initiatives.
Published by the
Leadership Newspaper on Monday, January 30, 2017
#Award: NGO to Honour COAS, Govs, Others for Selfless Service
A non-governmental organization (NGO) Global Peace and
Life Rescue Initiative (GOPRI) is set to honour the Chief of Army Staff Lt
General Tukur Buratai, governor, Nyesom of River state, governor Willi Obiano
of Anambra, governor Jebrilla Bindow of Adamawa State.
Published by the
Leadership Newspaper on Monday, January 30, 2017
#IndustryPulse: Polytechnic Lecturers Commence Nationwide Strike Today
Polytechnic lecturers, under the auspices of the Academic
Staff Union of Polytechnics (ASUP), will begin a nationwide one-week warning
strike from today, Monday, over what they termed failure of government to implement
the NEEDS assessment report of July 2014.
Published by the
Leadership Newspaper on Monday, January 30, 2017
#Environment: Nigeria, Chad Seek $50bn Aid to Recharge Shrinking Lake
Chad
Nigeria and the Republic of Chad are seeking a $50 billion
aid for the recharging and refilling of the drying Lake Chad. The two countries
have solicited the support of the African Union (AU) and international donors
to raise the fund.
Published by the
Leadership Newspaper on Monday, January 30, 2017
#Investment: Investors Lose N436bn in IPOs Of Quoted Companies
Investors in the Nigerian Stock Exchange (NSE) who bought
shares in the Initial Public Offer (IPO) of quoted companies have lost more
than N436 billion in seven years. LEADERSHIP’s findings in the IPO market
showed that of 47 stocks listed between 2008 and 2014, only seven currently
trade above their listing prices while 38 trade below their listing prices. The
other two remain flat.
Published by the
Leadership Newspaper on Monday, January 30, 2017
#Business: FMBN Approves N9bn Mortgage Loans, Posts N2.7bn Profit
The Federal Mortgage Bank of Nigeria (FMBN) has disclosed
that N9 billion has been approved by the federal government through the bank
for the creation of 1,244 mortgage loans across the country under the National
Housing Fund (NHF) Scheme.
Published by the
Leadership Newspaper on Monday, January 30, 2017
#IndustryPulse: ‘BoI Funds Only Bankable Ventures Not Religious
Activities’
To address concerns and misrepresentation of intent among stakeholders,
the Bank of Industry (BoI) has reaffirmed its mandate of supporting only
bankable ventures that aid industrial growth and promote economic development.
Published by the
Leadership Newspaper on Monday, January 30, 2017
#Business: Unity Bank, Oando, Stanbic, 27 Others Spur NSE’s N36bn Weekly
Gain
Stock investors in the shares of Unity Bank, Oando, Stanbic
IBTC and 27 other companies reaped from capital appreciation making their
stocks to contribute majorly to a record market gain last week.
Published by the
Leadership Newspaper on Monday, January 30, 2017
#Investment: Dangote Explores Investment Opportunities In Zambia, Other
African Countries
Nigerian multi-billionaire investor, Aliko Dangote, has
expressed the desire of his group to further consolidate on his existing
investments in Zambia and other African countries by exploring opportunities in
the energy and agriculture sectors.
Published by the
Leadership Newspaper on Monday, January 30, 2017
#IndustryPulse: Food Dealers Lament Multiple Taxations on Federal
Highways
The Amalgamated Union of Food Stuff and Cattle Dealers of
Nigeria have cried out against the alleged collection of multiple taxations on
federal highways. National president of the Union, Alhaji Muhammadu Tahir raised
the alarm at a meeting of the Union in Abuja, yesterday.
Published by the
Leadership Newspaper on Monday, January 30, 2017
#IndustryPulse: $1.75bn Oil Blocks - NNPC, CBN, DPR Get One-Week
Ultimatum to Produce Documents
The House of Representatives on Monday gave the Nigerian
National Petroleum Corporation and the Central Bank of Nigeria a one-week
ultimatum to produce documents on various controversial Oil Prospecting
Licences and Oil Mining Leases worth over $1.75bn. Also affected are the
Department of Petroleum Resources and the Office of the Attorney General of the
Federation.
Published by the Punch
Newspaper on Tuesday, January 31, 2017
#MSMEs #Empowerment: LASG Creates Platform to Support SMEs, Artisans
The Lagos State Government said on Monday that it would
partner Service City and Microsoft to create a platform to support
operators of small and medium-scaled enterprises and artisans in the state. The
Commissioner for Wealth Creation and Employment, Babatunde Durosinmi-Etti,
spoke at the Service City/Microsoft Digital Literacy workshop for SMEs and
artisans in Lagos State.
Published by the Punch
Newspaper on Tuesday, January 31, 2017
#Innovation: Lagos Inaugurates Feedback Portal
The Lagos State Governor, Akinwunmi Ambode, on Monday
inaugurated the Citizens Relations Management (CMR) portal to help the
government to get feedback on its policies and welcome suggestions on how
things can be done better. Ambode said the portal, Citizen
Gate, which could be accessed on citizengate.lagosstate.gov.ng, was
introduced to enhance e-governance.
Published by the Punch
Newspaper on Tuesday, January 31, 2017
#StakeholdersAction: Jos Communities Reject Polio Vaccine, Want Food
Instead
Some communities in Jos North Local Government of Plateau
have refused to participate in the ongoing immunisation exercise against polio,
citing hunger as their reason. “The communities have shunned entreaties by the
immunisation officers; they say the vaccine should be replaced with food,” Mrs.
Hannatu Davat, a local immunisation officer, told the News Agency of
Nigeria, in Jos on Monday.
Published by the Punch
Newspaper on Tuesday, January 31, 2017
#Economy: Naira Reverses Loss after Dropping To 500/Dollar
The naira dropped against the United States dollar from 498
to 500 at the parallel market during the early trading hours on Monday,
crossing the critical threshold currency analysts had predicted. Foreign
exchange traders linked the development to relative scarcity of the greenback
in the forex market.
Published by the Punch
Newspaper on Tuesday, January 31, 2017
#IndustryPulse: Airlines Sell N330bn Tickets in 10 Months
The Nigerian Civil Aviation Authority said on Monday said
foreign and domestic airlines operating in the country sold tickets worth over
N330bn between January and October 2016. The Director-General, NCAA, Captain
Muhtar Usman, said this at a meeting with stakeholders to review the past year
and plan for the current year, adding that the airlines sold tickets worth over
N385bn between January and December 2015.
Published by the Punch
Newspaper on Tuesday, January 31, 2017
#IndustryPulse: Nigeria Generates 97% Tourism Revenue from Domestic
Travel
Nigeria generated 97 per cent of its tourism revenue from
domestic travel in 2016, a new report has confirmed. According to the report,
while domestic travel accounted for 97 per cent of the country’s tourism
revenue in 2016, foreign travel made up the remaining three per cent.
Published by the Punch
Newspaper on Tuesday, January 31, 2017
#Power: Budgit Asks For Power Sector Project Funds’ Details
A non-governmental organisation that advocates transparency
in governance, BudgIT, has called on the Ministry of Power, Works and Housing
to declare details of the funds it had expended on capital projects as contained
in the 2016 budget.
Published by the Punch
Newspaper on Tuesday, January 31, 2017
#Partnership: AXA Mansard, Uber Collaborate On Insurance Cover
AXA Mansard Insurance has partnered Uber to announce an
innovative insurance policy to cover riders while on the road.
With this partnership, AXA Mansard will provide insurance
cover against death, permanent, total or partial disabilities, medical and
funeral expenses to riders during any trip with Uber in Nigeria.
Published by the Punch
Newspaper on Tuesday, January 31, 2017
#StakeholdersAction: Students Set to Protest Fees Hike in Ogun
A coalition of students’ organisations under of Save TASUED
and Fund Education
Coalition (STAFEC) has concluded plan to stage a mass protest in Abeokuta, Ogun
State on February 6, against what it described as the continued neglect of
education, especially the tertiary education sub-sector in the state.
Published by the This
Day Newspaper on Wednesday, February 1, 2017
#CSR: Midwestern Oil, Gas Donates Classrooms to Community
As part of its corporate social responsibility initiative,
Midwestern Oil and Gas, in collaboration with SunTrust Oil Company
Limited, recently built and donated blocks of 12 classrooms to Utagba-Ogbe
Grammar School, Kwale, Delta State.
Published by the This
Day Newspaper on Wednesday, February 1, 2017
#Partnership #Empowerment: British Council Partners Ekiti Federal Varsity
on Capacity Building
The British Council (Nigeria) has indicated its willingness
to partner the Federal University, Oye-Ekiti (FUOYE) in the area of capacity
building for staff and students through scholarships and grants for the growth
of the young institution.
Published by the This
Day Newspaper on Wednesday, February 1, 2017
#Award: American Varsity Honours Nigerian Professor
The California Southern University, USA has admitted a
Nigerian, Professor Adesoji Adesugba into the Sigma Beta Delta International
Honour Society in business, management and administration.
Published by the This
Day Newspaper on Wednesday, February 1, 2017
#IndustryPulse: Nigeria’s Manufacturing Index Declines in January
The Manufacturing Purchasing Managers’ Index (PMI) stood at
48.2 index points in January 2017, indicating a decline in the manufacturing
sector during the review period. The index averaged 45.2 in the last twelve
months, and had grown in December 2016 after recording declines for 11
consecutive months.
Published by the This
Day Newspaper on Wednesday, February 1, 2017
#Investment: FG Plans to Issue $300m Diaspora Bond by June
The federal government plans to raise $300 million by selling
a diaspora bond targeting Nigerians living abroad, one of the book runners on
the deal, First Bank told Reuters on Tuesday. The bond, which will have a
maturity of five to seven years, is expected to be issued by June, the bank
said. Nigeria has asked Goldman Sachs and Stanbic IBTC Bank , the local unit of
South Africa’s Standard Bank , to advise it on the sale of the maiden bond. It
also appointed United Bank for Africa as one of the bookrunners on the deal.
Published by the This
Day Newspaper on Wednesday, February 1, 2017
#Empowerment #Agric: Dogara Trains 803
Women, Youth on Agriculture
The
Speaker of the House of Representatives, Mr. Yakubu Dogara, has sponsored the
training of 803 women and youth on agriculture at the Federal College of
Horticulture, Dadin Kowa, Gombe state.
Published by the Daily Trust Newspaper on Thursday, February
2, 2017
#Empowerment: FG Dredges Typha-Grass from Nguru
River to Create Millions Job In Yobe
The Federal government, through
ecological office, Ministry of environment, has commenced dredging of Typha
grass that has taken over Hadeijia- Jama`are river basin, along Nguru wetland,
in Yobe state.
Published by the Daily Trust Newspaper on Thursday, February
2, 2017
#Partnership:
Commodity Exchange Partners NOA on Farmers’ Education
The
Nigeria Commodity Exchange (NCX) and the National Orientation Agency (NOA) have
agreed to conduct a national public enlightenment programme on the operations
of the exchange. The Managing Director/CEO of NCX, Mrs Zaheera Baba-Ari, who
visited the NOA headquarters in Abuja, said the core objective of the exchange
hinged on the provision of an efficient and transparent trading platform for
the sale and appropriate pricing of Nigerian agro-commodities.
Published by the Daily Trust Newspaper on Thursday, February
2, 2017
#IndustryPulse
#Agric: Abandoned Zobe Dam Crippling Dry Season Farming in Katsina
With
the constant call for diversification into agriculture by the federal
government, irrigation farming remains a key component for achieving
self-sufficiency in food production. Most advanced countries hold unto
irrigation farming, which forms an integral part of achieving sustainable food
security and consequently, food sovereignty of their people.
Published by the Daily Trust Newspaper on Thursday, February
2, 2017
#IndustryPulse:
FCT Council to Establish Microfinance Bank
The chairman of Abuja Municipal Area Council (AMAC), Abdullahi Adamu
Candido, has said he is considering establishing a microfinance bank to boost
the council’s revenue and render services to residents.
Published by the Daily Trust Newspaper on Thursday, February
2, 2017
#Agric: BUA To Establish 200,000 Tones Rice Processing Plant
In Jigawa
The BUA group yesterday revealed that it will solicit for
government’s support to establish another 200,000 rice processing plant on the
banks of Hadejia river basin in Auyo, Jigawa State, in addition to the already
existing one in Kano.
Published by the Daily Trust Newspaper on Thursday, February
2, 2017
#Technology: GSM Subscribers Jumped By 135m in 11 Yrs – NBS
The number
of Global System for Mobile Communication (GSM) subscribers in Nigeria
increased by 135 million in the past 11 years. The Nigeria Telecommunications
Sectors Report released recently by the National Bureau of Statistics (NBS) in
Abuja showed that the country’s subscriber’s base jumped from 19.51 million in
2005 to 135 million in 2016.
Published by the Daily Trust Newspaper on Thursday, February
2, 2017
#Health: LASUTH Patients Cry Out Over Missing Drugs
Distraught patients at the Lagos State University Teaching
Hospital (LASUTH) have lamented that drugs purchased for their treatment are
being stolen and resold by medical personnel.
Published by the
Leadership Newspaper on Friday, February 3, 2017
#Infrastructure: FG Set For Dredging Of River Benue – Transport Minister
Minister of Transportation, Rotimi Amaechi, on Thursday,
said the contract for the dredging of the critical part of River Benue has been
awarded and that work will commence soon. Disclosing this at the 2017
budget defence before the Senate Committee on Marine Transport, the minister
said project was a fall out of the decision of the federal government to maximise
the use of the resources of 12 major rivers in the country.
Published by the
Leadership Newspaper on Friday, February 3, 2017
#Oil: FG to Retain
75% Import Duty Rebate at Oil and Gas Free Zones
The managing director of the Oil and Gas Free Zones Authority
(OGFZA),Mr Umana Okon Umana has given the assurance that government will retain
incentives that have been put in place to attract investment in the oil and gas
free zones across the country. He said the incentives were specifically
designed to support investors operating in the zones.
Published by the
Leadership Newspaper on Friday, February 3, 2017
#Infrastructure: 16, 000 Civil Servants to Benefit from FG’s Mass Housing
Scheme
The hope of 16, 000 federal civil servants to having access
to affordable homes may soon come to pass following a statement by the Head of
the Civil Service of the Federation (HoCSF), Mrs. Winifred Oyo-Ita, that about
16,000 federal civil servants who participated in the Federal Integrated Staff
Housing (FISH) Property Fair are to benefit from the first phase of the mass
housing scheme.
Published by the
Leadership Newspaper on Friday, February 3, 2017
#Empowerment: NCAA, ICAO Begin Certification of Abuja, Lagos Airports
International Civil Aviation Organization (ICAO), in
conjunction with the Nigerian Civil Aviation Authority (NCAA), has commenced
the implementation of the AFI Plan Aerodrome Certification Project for Abuja
and Lagos Airports.
Published by the
Leadership Newspaper on Friday, February 3, 2017
#Investment: CBN Raises N177bn via Treasury Bills At 18.5%
The Central Bank of Nigeria (CBN) yesterday raised N177.22
billion through the sale of a one-year treasury bill with yields matching the
inflation rate in the country to lure investors. With inflation figure for
December 2016 put at 18.55 per cent, the apex bank sold the one-year bill
yielded 18.54 percent, far higher than the central bank’s benchmark interest
rate of 14 percent.
Published by the
Leadership Newspaper on Friday, February 3, 2017
#Oil: Nigeria Saves $500m from Crude Oil Sale, Purchase in 1 Year-NNPC
Barely one year after the introduction of Direct Sale-Direct
Purchase (DSDP) strategy for the lifting of crude oil allocated to the Nigerian
National Petroleum Corporation (NNPC) instead of crude swap, the nation have
saved over $500 million as well as constituent availability of refined
products.
Published by the
Leadership Newspaper on Friday, February 3, 2017
