CSR News Summary Issue 77

Philanthropy: Ikoyi Metropolitan Rotary donates to support Rape victims

 

It was burden lifted for rape victims and sexually abused young girls who go to Mirabel Centre to obtain emotional, psychological and material supports as the Rotary Club of Ikoyi Metropolitan donated a range of laboratory equipment to the centre to enable victims diagnosed and treated free.

Published in The Guardian Newspaper on Sunday, 9^th March 2014

 

Empowerment: Intel advocates women empowerment via ICT

 

In recognition of the role of women in nation building and their contribution to world development, Intel Corporation, has joined in the global celebration of International Women’s Day with a call for improved commitment towards the empowerment of women.

Published in Vanguard Newspaper on Sunday, 9^th March 2014

 

Labour: 126,000 Register for Sure-P Graduates Internship

 

126,000 fresh graduates have been registered nationwide for Graduate Internship Scheme being championed by the subsidy Re-investment and Empowerment Programme (SURE-P).

Published in ThisDay Newspaper on Sunday, 9^th March 2014

Partnership: Road Transport Owners, PRI in talks for $20m Mobile Clinic Partnership

The Road Transport Employers Association (RTEAN) and global road safety orGanisation, La Prevention Routiere Internationale (PRI) are currently in talks for the establishment of mobile clinic facilities in Nigeria, with the project expected to gulp about 20 million Euros.

Published in ThisDay Newspaper on Sunday, 9^th March 2014

Climate Change: Limiting Effect of Climate Change, by IPCC

The Intergovernmental Panel on Climate Change (IPCC) released two new Methodology Reports on Friday that were prepared by its Taskforce on National Greenhouse Gas Inventories (TFI).

Published in ThisDay Newspaper on Sunday, 9^th March 2014

 

Partnership: Etisalat Partners Huawei on IT Outsourcing Programme

Etisalat and Huawei, a global information and communications technology (ICT) solutions provider has jointly announced the strategic agreement on Information Technology (IT) outsourcing to boost services.

Published in ThisDay Newspaper on Monday, 10^th March 2014

 

Business Strategy: Access Bank Refocuses Business Strategy

 

Access Bank Plc’s expansion into Africa has slowed with the bank redirecting its focus in Nigeria.

Published in ThisDay Newspaper on Monday, 10^th March 2014

Sustainable Banking: CBN, IFC Harp on Sustainable Banking

As part of its efforts to promote sustainable banking in the country, the International Finance Corporation (IFC), a member of the World Bank Group and the World Bank Group and the Central Bank of Nigeria (CBN) have concluded plans to organise a forum on the initiative.

Published in ThisDay Newspaper on Monday, 10^th March 2014

 

Environment: Shell shuts Nembe Creek Trunkline due to Oil Leak

 

Shell has shut a key oil pipeline in Southern Nigeria to stop a leak caused by oil theft and sabotage.

Published in ThisDay Newspaper on Monday, 10^th March 2014

Environment: Community shuts down Agip

 

Residents of Rumueme community in Obio/Akpor Local Government Area of Rivers State, took to the street, to protest the company’s insensitivity to its corporate social responsibility.

Published in DailySun Newspaper on Tuesday, 11^th March 2014

ICT: Inlaks installs Hyosung Windows7 ATMs in banks

 

An ICT and infrastructure solutions provider, Inlaks Computers, has confirmed the deployment of Hyosung Windows 7 Automated Teller Machines in banks.

Published in Punch Newspaper on Tuesday, 11^th March 2014

Health: New guidance for treating children with acute malnutrition

 

The World Health Organisation (WHO) has released new treatment guideline for the almost 20 million children under – five worldwide who have severe acute malnutrition.

Published in Punch Newspaper on Tuesday, 11^th March 2014

Infrastructure: FCMB funds Emadeb Energy’s ultra modern tank farm

In a move to boost government’s efforts to decongest Apapa, an ultra modern petroleum products tank farm, with capacity to store 45,280,000 litres of petroleum products, was at the weekend inaugurated at Ijegun area of Satellite Town in Lagos.

Published in The Guardian Newspaper on Wednesday, 12^th March 2014

Infrastructure: TCN to complete 160 transmission projects

 

The Chairman, Board of the Transmission Company of Nigeria, Mr. Ibrahim Waziri, has said that the firm will boost electricity supply by completing 160 ongoing projects across the country.

Published in The Guardian Newspaper on Wednesday, 12^th March 2014

 

Empowerment: Honeywell empowers women entrepreneurs

 

Honeywell Flour Mills Plc, amker of Honeywell noodles, has restated its commitment to supporting entrepreneurship as it has empowered about 40 indigent women with products ad equipment as start-up capital.

Published in The Guardian Newspaper on Wednesday, 12^th March 2014

 

Industry Pulse: Ecobank Group appoints Essien as new CEO

 

Ecobank Transnational Incorporated (ETI) has appointed Albert Essien as new group Chief Executive Officer of the Company.

Albert Essien has been at Ecobank for more than 20years, rising to the position of Deputy Group CEO two years ago.

Published in The Guardian Newspaper on Wednesday, 12th March 2014

 

Energy: FG, Ebonyi to Construct 2,000mw Power Plant

The Federal Government said it would partner with the Ebonyi State Government to construct 2,000 megawatts (mw) Independent Power Plant (IPP).

Speaking at a technical meeting between with officials of both governments in attendance, at the Federal Ministry of Power headquarters in Abuja, the Minister of State for Power, Mohammed Wakil, stressed the ministry’s readiness to ensure quick completion of the project.

Published in The Nation Newspaper on Wednesday, 12th March 2014

Insecurity: UNHCR concerned as hundreds flee from Boko Haram

The UN refugee agency on Tuesday said it was increasingly alarmed at the humanitarian impact of continuing violence in north-eastern Nigeria and stressed the importance of protecting civilians.

Published in The Nation Newspaper on Wednesday, 12th March 2014

 

Industry Pulse: Onaolapo emerges ‘Insurance Man of the Year’

 

The Managing Director/CEO, Sovereign Trust Insurance plc, Wale Onaolapo has been named the Insurance Man of the Year for 2013 at the 2nd edition of the InspenOnline Media Award held in Lagos. Alongside the Award of the Managing Director, the company also bagged the Award of the CSR Company of the year.

Published in BusinessDay Newspaper on Wednesday, 12th March 2014

Infrastructure: P&G Nigeria expands production line, completes $300m plant in Ogun

 

As part of mission to deepen its production capacity in Nigeria and to sustain its status as leading global consumer goods company, Procter and Gamble Nigeria (P&G) has completed a $300 million manufacturing plant in Agbara industrial estate, Ado-Ota/Ota Local Government Area of Ogun state.

Published in BusinessDay Newspaper on Wednesday, 12th March 2014

Award: LCCI holds maiden award May 1

 

Lagos Chamber of Commerce and Industry, founded in 1888, is to hold its first awards for out-standing organisations in commerce and industry on Thursday, May 1, 2014 at MUSON Centre in Lagos.

Published in The Guardian Newspaper on Thursday, 13th March 2014

 

Education: World Bank approves $42m support for Lagos public schools

The World Bank has pledged to support the Lagos Eko Secondary Schools project with 42 million dollars to enhance the education sector in the state.

Published in The Guardian Newspaper on Thursday, 13th March 2014

Education: Oando Foundation launches 1st ICT Centre

Oando Foundation, an independent non-profit organisation, has launched a new Information Communication Technology (ICT) Centre at Archbishop Taylor Primary School in Victoria Island, Lagos, and is partnering with the U.S. State Department’s Global Partnership Initiative, LIONS@FRICA, CoderDojo and the Hello World Foundation to introduce coding to Oando adopted schools.

Published in The Guardian Newspaper on Thursday, 13th March 2014

 

Labour: British Airways unveils internship for aviation students

In a move aimed at further deepening its contribution to the development of the Nigerian aviation industry, British Airways has announced the launch of a capacity building initiative tagged Leaders of Tomorrow.

Published in The Guardian Newspaper on Thursday, 13th March 2014

 

Financial Inclusion: Skye Bank takes financial literacy drive to schools

Skye Bank Plc has taken the financial literacy drive to some secondary schools in the country with a view to inculcating the savings culture in them.

Published in National Mirror Newspaper on Friday, 14th March 2014

 

Agriculture: Farmers to generate N42bn from wheat production yearly – FG

 

The Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, has projected that Nigerian farmers will generate N42bn from wheat production yearly if ongoing efforts to fully explore the crop’s potentials are consolidated.

Published in National Mirror Newspaper on Friday, 14th March 2014

 

Opportunities: ITF seeks expansion opportunities for technical, vocational skills acquisition

Prof. Longmas Wapmuk, the Director-General, Industrial Training Fund (ITF) on Wednesday said ITF was pursuing expansion opportunities for technical and vocational skills acquisition in Nigeria.

Published in National Mirror Newspaper on Friday, 14th March 2014

 

Partnership: Sterling Bank partners Lagos Eko Project in VTS

Lagos Eko Project Volunteer Teachers Scheme (VTS) initiated by the Lagos State government received a major boost at the weekend as Sterling Bank announced its partnership with the state government in line with its “One Sterling Education” initiative, aimed at improving the standard of education in the state.

Published in National Mirror Newspaper on Friday, 14th March 2014

 

Environment: Fresh oil spill ravages Bayelsa communities

 

A fresh oil spill from a leak on a pipeline belonging to Nigeria Agip Oil Company (NAOC) has polluted creeks and waterways of some fishing communities in Nembe Local Government Area of Bayelsa State.

Published in National Mirror Newspaper on Friday, 14th March 2014

 

CSR News Summary Issue 76

Philanthropy: Church donates to LUTH

 

As part of its efforts to redeem its pledge to the College of Medicine, Lagos University Teaching Hospital (LUTH), Idi Araba, Lagos, the Chapel of Healing Cross in LUTH precently presented a cheque of N6 million to LUTH for crèche.

Published in ThisDay Newspaper on Monday, 24^th February 2014

Partnership: GEMA, Samsung enter Global Partnership Agreement

The Global Enterprise Mobility Alliance (GEMA), a global independent joint venture providing enterprise mobility managed services to multinational organisations, has announced its strategic global partnership with Samsung Electronics.

Published in ThisDay Newspaper on Monday, 24^th February 2014

Agribusiness: Sahel Capital Raises $33m to Boost Agribusiness in Nigeria

West African-focused Fund Manager, Sahel Capital has unbundled a $33 million investment fund for agribusiness in Nigeria, with particular focus on the sector’s SMEs.

Published in ThisDay Newspaper on Monday, 24^th February 2014

 

Business Growth: ‘Strong MFBs will boost SME growth’

The Kwara State Commissioner for Finance, Mr. Demola Banu, has said strong and efficient microfinance institution will accelerate financial and economic growth, especially the development of Small and Medium Enterprises.

Published in Punch Newspaper on Tuesday, 25^th February 2014

 

Agriculture: FG, German Development Bank establish $100m agric fund

 

The Federal Government and the German Development Bank have established a $100m fund for agricultural financing in Nigeria.

Published in Punch Newspaper on Tuesday, 25^th February 2014

Health: Controversy Trails Nigeria's Stock of Child Vaccines

Three months after raising the alarm of a potential shortage of immunization vaccines for children, the National Primary Health Care Development Agency, NPHCDA, has said the Federal Government now has adequate supply of necessary vaccines.

Published in The Nation Newspaper on Wednesday, 26^th February 2014

 

Labour: Standard Chartered’s operations support 1.9 million jobs

 

Standard Chartered Bank’s Africa operations have been assessed as supporting 1.9 million jobs and contributing $10.7 billion to the Sub-Saharan economies.

Published in The Guardian Newspaper on Wednesday, 19^th February 2014

Sustainable Energy: UN harps on Sustainable Energy for all

 

The United Nationa General Assembly’s resolution on ‘Sustainable Energy for All’ calls on its member states to galvanise efforts to make universal access to sustainable modern energy services a priority.

Published in The Guardian Newspaper on Wednesday, 19^th February 2014

 

Infrastructure: Ilesa Water Dam 90% Completed

 

The Illesa Water Dam Project is to be delivered in the next three months, having reached 90 percent completion, Minister of Water Resources, Mrs. Sarah Ochekpe, has said.

Published in Vanguard Newspaper on Thursday, 27^th February 2014

Award: Pearson Education receives CSR Award

 

Pearson Education, the world’s leading education company, emerged as one of the winners of the Lagos State Government Support Our Schools Initiative Corporate Social Responsibility (CSR) Award for 2014.

Published in Vanguard Newspaper on Thursday, 27^th February 2014

 

Empowerment: MTN empowers youth with skills Development Project

 

In aligning with the Federal Government’s efforts to raise the level of entrepreneurial skill acquisition in Nigeria, the MTN foundation has launched a youth skills development project worth millions of Naira at the Government Technical College, Ikorodu, Lagos.

Published in Vanguard Newspaper on Thursday, 27^th February 2014

Labour: Standard Bank supports 1.9m jobs in Sub-Saharan Africa – Report

Standard Chartered Bank has supported some 1.9 million jobs in Sub-Saharan Africa, equivalent to around 0.6 per cent of the region’s total workforce, according to an independent report on the social and economic impact of the bank’s operations in Africa, looking at the value added to the economy and how it supports trade and employment.

Published in Vanguard Newspaper on Thursday, 27th February 2014

Industry Pulse: The Federal Government of Nigeria re-appoints Prof. Ujah as NIMR DG

 

President Goodluck Jonathan has reappointed Professor Innocent Ujah as the Director-General of the Nigerian Institute of Medical Research, NIMR. This was contained in a press release signed by head, information and public relations unit of the organisation, Lillian Chukwu.

Published in Vanguard Newspaper on Thursday, 27th February 2014

 

Health: New guidance for treating children with acute malnutrition

 

The World Health Organisation (WHO) has released new treatment guideline for the almost 20 million children under – five worldwide who have severe acute malnutrition.

Published in Vanguard Newspaper on Thursday, 27th February 2014

 

Agriculture: Kwara to disburse N214m agricultural loan to farmers

The Kwara Government on Wednesday said it would disburse N214 million loan to farmers to boost agricultural activities in the state.

Published in The Guardian Newspaper on Thursday, 27th February 2014

Infrastructure: Fashola inaugurates N1b Imota Asphalt Plant

Lagos State Governor Babatunde Fashola yesterday inaugurated the Imota Asphalt Plant in Ikorodu. Fashola said the plant would create jobs and impact positively on its host community. He said: “With this project, the asphalt removed from bad roads will now be recycled, so nothing will go to waste again.

Published in The Nation Newspaper on Friday, 28^th February 2014

 

Empowerment: Agency empowers entrepreneurs with N10m

 

Shield Academy Partners Limited, the implementing agency of the Central Bank of Nigeria’s South-South Entrepreneurial Development Centre, has inaugurated a seed fund of N10m for the empowerment of existing and aspiring entrepreneurs, who successfully completed its entrepreneurship training programme and had their business plans certified.

Published in The Nation Newspaper on Friday, 28^th February 2014

CSR News Summary Issue 74

Energy: NNPC completes repairs of Escravos – Lagos Gas Pipeline

 

The Nigerian National Petroleum Corporation (NNPC) has completed repair of the Escravos-Lagos gas pipeline, ending almost seven months of gas supply outage caused by vandalisation of the pipeline in Delta State.

Published in ThisDay Newspaper on Monday, 17^th February 2014

Investment: Dangote Sugar Poised For Increased Production

Nigeria’ Minister for Industry, Trade and Investment, Olusegun Aganga, has commended the country’s No.1 sugar refinery, Dangote Sugar Refinery for making headway on its sugar backward integration project.

Published in ThisDay Newspaper on Monday, 17th February 2014

Agribusiness: Sahel Capital Raises $33m to Boost Agribusiness in Nigeria

West African-focused Fund Manager, Sahel Capital has unbundled a $33 million investment fund for agribusiness in Nigeria, with particular focus on the sector’s SMEs.

Published in ThisDay Newspaper on Monday, 17th February 2014

 

Infrastructure: Improved facilities at Federal COE, Umunze soon

 

More facilities will soon be provided for the Federal College of Education (COE) (Technical) Umunze.

Published in ThisDay Newspaper on Tuesday, 18^th February 2014

 

Grant: FG releases N100bn to varsities

 

The Federal Government on Monday shared N100bn to the Federal and State Universities as the balance of the N200bn revitalisation fund for 2013

Published in Punch Newspaper on Tuesday, 18^th February 2014

 

Industry Pulse: … as NigComSat board appoints acting MD

 

Following a ministerial directive by the Communication Technology Minister, Mrs. Omobola Johnson, the Board of Directors of NigComSat has asked the Managing Director, Mr. Timasaniyu Ahmed-Rufai, to proceed on indefinite leave.

Published in Punch Newspaper on Tuesday, 18^th February 2014

Reporting: Etisalat, ThistlePraxis Consulting see prospects in Education

As part of its commitment to advancing educational development in Nigeria and Africa, telecommunication company, Etisalat Nigeria, recently co-hosted experienced leaders in the education sector to engage in productive conversations at the fourth edition of Thistle Praxis Consulting Sustainable Conversations in Lagos.

Published in Punch Newspaper on Tuesday, 18^th February 2014

 

Partnership: Hyundai partners Stallion Group to make vehicles in Nigeria

 

Hyundai Motor Company, one the world’s foremost vehicle manufacturers, has associated with a regional conglomerate, Stallion Group, to manufacture Hyundai passenger and commercial vehicles in Nigeria from April 2014.

Published in The Nation Newspaper on Wednesday, 19^th February 2014

Event: Social Media Summit for Journalists

In a bid to boost the capacity of journalists to maximally use the social media for news gathering, building online communities and engaging with their audiences, a one day social media summit tagged “Functional Social Networking for Nigerian journalists”, will hold on Thursday, 20 February, at the Amphitheatre, UBA House, 57 Marina, Lagos.

Published in The Nation Newspaper on Wednesday, 19^th February 2014

Health: Controversy Trails Nigeria's Stock of Child Vaccines

Three months after raising the alarm of a potential shortage of immunization vaccines for children, the National Primary Health Care Development Agency, NPHCDA, has said the Federal Government now has adequate supply of necessary vaccines.

Published in The Nation Newspaper on Wednesday, 19^th February 2014

 

Labour: Standard Chartered’s operations support 1.9 million jobs

 

Standard Chartered Bank’s Africa operations have been assessed as supporting 1.9 million jobs and contributing $10.7 billion to the Sub-Saharan economies.

Published in The Guardian Newspaper on Wednesday, 19^th February 2014

Sustainable Energy: UN harps on Sustainable Energy for all

 

The United Nationa General Assembly’s resolution on ‘Sustainable Energy for All’ calls on its member states to galvanise efforts to make universal access to sustainable modern energy services a priority.

Published in The Guardian Newspaper on Wednesday, 19^th February 2014

 

Education: Educationists blame govt for mass failure in NECO, WAEC

 

Stakeholders in Nigeria’s education sector have said that government’s inability to alleviate the fundamental challenges in the sector is responsible for the poor performance of students in the qualifying examinations organised by the National Examinations Council (NECO) and the West African Examination Council.

Published in Vanguard Newspaper on Thursday, 20^th February 2014

Philanthropy: Wellspring College donates recreational facilities to public school to mark 10^th anniversary

 

For Wellspring College, Omomle, Lagos, the best way to celebrate its 10th anniversary was to affect a less privileged public school positively by building and donating recreational facilities to Olowoira Primary School, Lagos.

Published in Vanguard Newspaper on Thursday, 20^th February 2014

 

Philanthropy: Bank donates 33 seater bus to NYSC

 

The Director-General of the National Youth Service Corps (NYSC), Brigadier-General Johnson Bamidele Olawunmi, has commended Diamond Bank Plc for supporting the NYSC through the donation of a 33-seater bus to the organisation. Diamond Bank is a leading player in the Nigerian retail banking space.

Published in Vanguard Newspaper on Thursday, 20^th February 2014

 

Energy: Transcorp, GE partner to improve power generation in Nigeria

 

Transcorp Ughelli Power Ltd (TUPL), the power subsidiary of Transnational Corporation of Nigeria Plc (Transcorp), and General Electric (GE) have signed an agreement to expand the capacity of TUPL’s Ughelli power plant by 1000MW over the next 3 to 5 years.

Published in Vanguard Newspaper on Thursday, 20^th February 2014

 

Health: New guidance for treating children with acute malnutrition

 

The World Health Organisation (WHO) has released new treatment guidelined for the almost 20 million children under – five worldwide who have severe acute malnutrition.

Published in The Guardian Newspaper on Thursday, 20^th February 2014

 

Security: IKEDC partners Security Agencies to Curb Vandalism

The Ikeja Electricity Distribution Company (IKEDC) has secured the support of security agencies in its quest to stem the rising tide of vandalism of its equipment and installations across the state.

Published in The Nation Newspaper on Friday, 21^st February 2014

Infrastructure: Fashola inaugurates N1b Imota Asphalt Plant

Lagos State Governor Babatunde Fashola yesterday inaugurated the Imota Asphalt Plant in Ikorodu. Fashola said the plant would create jobs and impact positively on its host community. He said: “With this project, the asphalt removed from bad roads will now be recycled, so nothing will go to waste again.

Published in The Nation Newspaper on Friday, 21^st February 2014

 

Event: Lagos hosts Africa’s Social Media Week

Lagos hosted Africa’s largest social media gathering and the event has claimed its place as the biggest new media and business conference.

Published in The Nation Newspaper on Friday, 21^st February 2014

 

Empowerment: Agency empowers entrepreneurs with N10m

 

Shield Academy Partners Limited, the implementing agency of the Central Bank of Nigeria’s South-South Entrepreneurial Development Centre, has inaugurated a seed fund of N10m for the empowerment of existing and aspiring entrepreneurs, who successfully completed its entrepreneurship training programme and had their business plans certified.

Published in The Nation Newspaper on Friday, 21^st February 2014

 

Energy: U.S. to assist in Building Power Distribution, Transmission Capacity in Nigeria

 

United State’s Secretary of Commerce Penny Pritzker is expected to lead an energy business development mission to West Africa, with visit to Ghana and Nigeria.

Published in The Guardian Newspaper on Friday, 21^st February 2014

Youth Participation: Nigerian Youth Drafted Into Microsoft’s 4Afrika Advisory Council

 

Microsoft has unveiled the first ever youth members for its 4Afrika Advisory Council, who will work to address issues facing the African youth including unemployment, access to technology and education.

Published in The Guardian Newspaper on Friday, 21^st February 2014

CSR News Summary Issue 73

For Agriculture: FG distributes Fertilizer to Farmers in Bauchi

 

The Federal Government has said it has distributed 33,000 bags of assorted fertilizer to 11,000 registered rice farmers in Bauchi State for this year’s dry season farming.

Published in ThisDay Newspaper on Monday, 10^th February 2014

 

Appointment: UC RUSAL Appoints New Management Team for ALSCON

 

The Aluminium Smelter Company of Nigeria has announced the appointments of new acting Managing Director; acting Director, Human Resources; acting Director, Finance; acting Director, Commercial, among others.

Published in ThisDay Newspaper on Monday, 10^th February 2014

Industry Pulse: Ikazoboh, Ebi join Dangote Cement Board

 

Dangote Cement Plc, DANGCEM, yesterday announced it has appointed Emmanuel Ikazoboh, former interim administrator of the Nigerian Stock Exchange, NSE and Ernest Ebi as non-Executive Directors of the Company.

Published in ThisDay Newspaper on Monday, 10^th February 2014

Industry Pulse: EMP Hires Murat Ozulku as CEO of its Bank Processing Division

Emerging Market Payments (EMP) announced that Murat Ozulku has been appointed CEO of its Bank Processing Division, replacing Hoda Shoukry who has retired after an illustrious career.

Published in ThisDay Newspaper on Monday, 10^th February 2014

Industry Pulse: P & G appoints new MD in Nigeria

 

Procter and Gamble (P&G) has announced the appointment of Mr. George Nasser as the new company Managing Director for Nigeria. The announcement was made this week by Miss Olatomiwa Akande, the company’s communications Manager.

Published in Daily Independent Newspaper on Monday, 10^th February 2014

Reporting: CBN, SEC, DPR urged to Sustainability Reporting

Regulatory agencies such as the Central Bank of Nigeria, Nigeria Stock Exchange, Department for Petroleum Resources, Security and Exchange Commission and Federal Inland Revenue Service, amongst others have been charged to evolve ways of regulating sustainability reporting in the country.

Published in Daily Independent Newspaper on Monday, 10^th February 2014

 

Environment:  Agip Oil Well Head Leak Pollutes Biseni Community In Bayelsa 

A leak in a well head has been discharging crude oil in Egbebiri area of Biseni in Yenagoa Council area of Bayelsa since Friday, February 7.



A Sahara Reporter said on Monday the leak, due to corrosion at Idu Well 3, operated by Agip, is spewing crude oil in gaseous form which liquefies and settles on the ground.   

Published in Daily Independent Newspaper on Monday, 10^th February 2014

Partnership: Microsoft partners Mobile Monday, others in Techpreneurship

 

Microsoft Nigeria has partnered Mobile Monday Nigeria, Nokia and Verve to develop a new crop of techpreneurs with the unveiling of the first DevCon Alpha competition.

Published in Punch Newspaper Tuesday, 11^th February 2014

 

Grant: 10 varsities get $80m World Bank’s grant for research

 

Ten Nigerian Universities have won grants of about $8 million US Dollars each for research and related activities under the World Bank- supported Africa Centres of Excellence (ACE) project. 

Published in The Nation Newspaper on Wednesday, 12^th February 2014

 

Agribusiness: Sahel Capital Raises $33m to Boost Agribusiness in Nigeria

 

West African-focused Fund Manager, Sahel Capital has unbundled a $33 million investment fund for agribusiness in Nigeria, with particular focus on the sector’s SMEs.

Published in The Nation Newspaper on Wednesday, 12^th February 2014

Partnership: MTN partners Shoprite on telecoms services

MTN, Nigeria’s leading technology company, has partnered with Africa’s biggest grocer, Shoprite Retail Supermarkets, to avail subscribers its products and services at all Shoprite outlets nationwide.

Published in The Guardian Newspaper on Wednesday, 12^th February 2014

 

Business Finance: CBN earmarks N220b development fund for SMEs

 

The Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, has said that N132bn has been earmarked for providing financial services to women from the N220bn Micro, Small and Medium Enterprises Development Fund. 

Published in The Guardian Newspaper on Wednesday, 12^th February 2014

Business Opportunities: U.S. business group to partner Entrepreneurs

An Atlanta, US-based group, Geek Gone Global, is currently visiting Nigeria to explore business opportunities in Nigeria and Africa.

Published in The Guardian Newspaper on Wednesday, 12^th February 2014

Audit Report: NEITI begins new Audit Report

 

The Nigeria Extractive Industries Transparency Initiative (NEITI) has promised that it would going ahead with its planned audit of the fiscal allocation and statutory disbursement of funds from the country’s Excess Crude Oil Account (ECA), ecological funds and 13 per cent derivation allocation which are shared between the country’s three tiers of government.

Published in The Guardian Newspaper on Wednesday, 12^th February 2014

 

Industry Pulse: Total gets first female MD for upstream firms in Nigeria

 

Mrs. Elisabeth Proust has been appointed Managing Director/Chief Executive of the Total Upstream Companies in Nigeria and as the Total Group representative in Nigeria, with effect from Wednesday, February 12, 2014.

Published in The Guardian Newspaper on Wednesday, 12^th February 2014

Insecurity: Anxiety as Cameroun annexes territories in Cross River

 

Effective take-over by the Republic of Cameroun of Nigerian territories in northern Cross River State may have begun in earnest. This is coming 11 years after the International Court of Justice at The Hague ruled that the natural resources-rich Bakassi Peninsula belongs to Cameroun.

Published in Daily Sun Newspaper on Wednesday, 12^th February 2014

 

Entrepreneurial skills: NECA’s women business association trains on bookkeeping

 

Many small businesses have missed the opportunity to get credit financing or equity investment simply because the business books were not in order.

Business experts world over all agree that proper bookkeeping is essential for continued sustenance and expansion of a business because it is through this that tax officials, bankers, other investors or even the business managers can know the actual performance of a business.

Published in Daily Sun Newspaper on Wednesday, 12^th February 2014

 

Philanthropy: Moneygram donates Books to School

 

MoneyGram has donated 3,000 exercise books and 5,000 copies of the Junior Graphic newspaper to three schools in the Akyem Swedru Municipality, as part of this year’s “Awaa waa” School Promotion.

Published in Vanguard Newspaper on Thursday, 13^th February 2014

Event: Nigeria to participate in Global Education Summit in US

 

Nigeria will be among the 80 countries that will participate in the Global Education Summit to be organized by the British Council in the United States in May this year.

Published in Vanguard Newspaper on Thursday, 13^th February 2014

 

Education: Education for all, not likely till 2086

 

When the Education for All by 2015 Millennium Development Goal was postulated in 2000, sceptics doubted the ability of countries like Nigeria to live up to that goal in a 15-year time frame.

Published in Vanguard Newspaper on Thursday, 13^th February 2014

 

Empowerment: Firm to empower Nigerian entrepreneurs

 

Geek Gone Global, a business group from Atlanta has said it is poised to encourage Nigeria and African entrepreneurs to achieve their individual set goals and objectives and thus improve the economic growth of their economies

Published in The Guardian Newspaper on Thursday, 13^th February 2014

 

Health: New guidance for treating children with acute malnutrition

 

The World Health Organisation (WHO) has released new treatment guidelined for the almost 20 million children under – five worldwide who have severe acute malnutrition.

Published in The Guardian Newspaper on Thursday, 13^th February 2014

 

Investment: Dangote Sugar Poised For Increased Production

Nigeria’ Minister for Industry, Trade and Investment, Olusegun Aganga, has commended the country’s No.1 sugar refinery, Dangote Sugar Refinery for making headway on its sugar backward integration project.

Published in The Guardian Newspaper on Thursday, 13^th February 2014

Poverty Eradication: FG earmarks N108 million for 12 pilot states

The Federal Government has earmarked the sum of N108 million for 12 pilot states for the grassroots micro-credit scheme of the National Poverty Eradication Programme. 

Published in The Guardian Newspaper on Thursday, 13^th February 2014

 

Labour: FG moves to end Poly Strike, Kicks off NEEDS Assessment

As part of efforts to end the ongoing strike by polytechnic lecturers across the country, the federal government yesterday commenced a needs assessment exercise of 66 state and federal polytechnics across the country.

Published in National Mirror Newspaper on Friday, 14^th February, 2014

 

Infrastructure: ‘Why Ogun’s multi-billion naira power plant is lying fallow’

 

Ogun State government has given reasons why the multi-billion power equipment purchased by the immediate past administration has been lying fallow for the past 31 months.

Published in National Mirror Newspaper on Friday, 14^th February, 2014

 

Energy: U.S. to assist in Building Power Distribution, Transmission Capacity in Nigeria

 

United State’s Secretary of Commerce Penny Pritzker is expected to lead an energy business development mission to West Africa, with visit to Ghana and Nigeria.

Published in National Mirror Newspaper on Friday, 14^th February, 2014

Energy: ENI needs $96m to double solar plant capacity to 15mw

Executive Vice Chairman of the National Agency for Science and Engineering Infrastructure (NASENI) Mohammed Haruna, says about $96 million would be required to double the agency’s solar capacity from its current 7.5 to 15 megawatts of electricity.

Published in National Mirror Newspaper on Friday, 14^th February, 2014