CSR News Summary Issue 96

Industry Pulse: Schneider Electric appoints new Country President

The global specialist in Energy management has announced the appointment of Mr. Walid Sheta as the new Country President of its subsidiary in Nigeria.

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

Agriculture: FG Plans Calaro Palm Estate for Crop Processing Zone

Impressed by the giant strides taken by PZ Wilmar Plc that has given fillip to the Agricultural Transformation Agenda of the Federal Government, and impacting the economic landscape of Cross River State, where it established an expansive oil palm plantation, the Federal Ministry of Agriculture and Rural Development has earmarked the estate as a Staple Crop Processing Zone (SCPZ).

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

Agriculture: Nigeria gets accreditation to certify Agro-Produce for Export

 

The Federal Government has signed Memoranda of Understanding, MoU, with three power firms – 3D Hitech System Ltd, SEPCOIII Electric Power Construction Corporation, and CGC Nigeria Ltd, with a view to boosting generation, distribution, and supply in Nigeria.

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

Education: FG approves N435m for 2,400 North – East Students

The Federal Government on Thursday approved the sum of N435m for the sponsorship of the education of 2,400 students in the three states mostly affected by terrorists activities.

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

Education: British Council advises FG on Education

The Federal Government on Thursday approved the sum of N435m for the sponsorship of the education of 2,400 students in the three states mostly affected by terrorists activities.

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

Infrastructure: Nigeria needs N8.7tn Investment for Gas Infrastructure

The Africa Finance Corporation says $53bn investment is required to address the huge deficit in gas infrastructure in the country.

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

TETFund commits N23 billion into e-resources to enhance Research

The Tertiary Education Trust Fund (TETFUND) on Wednesday said it had committed N23.8 billion between 2001 and 2013 to public tertiary institutions for the acquisition of library books and e-resources.

Published in The Punch Newspaper on Tuesday, 11^th November 2014

Growth: Oil & Gas firms looking to bonds to fund growth and acquisitions 

Nigerian exploration and production firms in the oil and gas industry are looking beyond bank loans and syndicated loans to fund asset acquisitions and growth. 

Published in The Punch Newspaper on Tuesday, 11^th November 2014

Industry Pulse: Kuramo Capital founder joins Obama’s Advisory Council

The Founder and Chief Investment Officer, Kuramo Capital Management, Mr. Walé Adeosun, has been appointed to the newly established President Obama’s Advisory Council on Doing Business in Africa.

Published in The Punch Newspaper on Tuesday, 11^th November 2014

Education: British Council advises FG on Education

The Project Manager, British Council in Lagos, Sephora Imomoh, has identified the need for the Federal Government to invest heavily in the education sector in the country.

She also said that there was need for improved research and collaboration between the education sector and other sectors in the Nigerian economy.

Published in The Punch Newspaper on Wednesday, 12^th November 2014

Industry Pulse: NCC Appoints Aragba-Akpore as Head of Media

The Nigerian Communications Commission (NCC) has appointed Mr. Sonny Aragba-Akpore as its new Head of Media.

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

Environment: Amnesty accuses Shell of knowing pipes were faulty before two oil spills

Royal Dutch Shell Plc has been accused by Amnesty International of downplaying the size of two oil spills in Nigeria and knowing the pipelines were faulty before they burst, reports Bloomberg.

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

Agriculture: FG targets 51m MT of Cassava Production by 2017

The Minister of Agriculture, Mr. Akinwunmi Adeshina has disclosed that the federal government targets 51m metric tonnes of cassava production in 2017 up from the 38m metric tonnes of cassava produced currently.

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

ICT: 49.6m Phone Lines Inactive in Third Quarter of 2014

A total of 49,641,091 phone lines in Nigeria were dormant at Q3 2014, latest telecoms market information released by the industry regulator has shown.

Published in Guardian Newspaper on Thursday, 14^th November 2014

Power: Solar Energy Can Generate 100times Nigeria’s Current Power Capacity, Says Kuku

A former President of Council for Renewable Energy of Nigeria (CREN), Prof. Titilayo Kuku has stated that with Nigeria’s enormous solar energy potentials, the country can use only one per cent of her land area to generate one hundred times the current capacity of the national grid from solar power.

Published in Guardian Newspaper on Thursday, 14^th November 2014

 

CSR News Summary Issue 95

Health: Lagos set to end mother-to-child HIV transmission

The Lagos State Government is set for another round of campaign to accelerate the elimination of mother-to-child transmission of HIV and to reduce maternal deaths in the state.

Published in TheNiche Newspaper on Sunday, 26^th October 2014

Power: FG signs more deals to boost Power Supply

The Federal Government has signed Memoranda of Understanding, MoU, with three power firms – 3D Hitech System Ltd, SEPCOIII Electric Power Construction Corporation, and CGC Nigeria Ltd, with a view to boosting generation, distribution, and supply in Nigeria.

Published in TheNiche Newspaper on Sunday, 26^th October 2014

Forte Oil adopts global best practices on Health, Safety

Forte Oil has joined the British Safety Council (BSC) as part of its efforts to strengthen the company’s Health, Safety and Environ­mental (HSE) management systems through industry benchmarking and adoption of global best practices.

Published in ThisDay Newspaper on Monday, 27^th October 2014

Partnership: FirstBank partners LBS on International Sustainability Forum Tomorrow

FirstBank Sustainability Centre has again taken the business of sustainability further through its sponsorship of the International Sustainability conference scheduled for October 30, 2014 at the Honeywell Auditorium, Lagos Business School, Ajah, Lagos. The conference themed “Leading a Sustainable Business” is designed to stimulate sustainability principles as key components of business development and continuity.

Published in ThisDay Newspaper on Monday, 27^th October 2014

Sterling Bank raises hope on Sector – Wide Partnership

Sterling Bank Plc said it would continue to contribute to the growth of the nation’s economy by extending its partnership to all the economic sectors.

Published in ThisDay Newspaper on Monday, 27^th October 2014

Industry Pulse: Adetu steps down as Guinness Nigeria MD

The helmsman at brewery company, Guinness Nigeria Mr Seni Adetu leaves his office at the end of the month- October 2014.

Published in The Punch Newspaper on Tuesday, 28^th October 2014

Health: EU seeks $1.27 billion in Ebola aid for West Africa

The European Union committed itself Monday to step up efforts toward getting 1 billion euros ($1.27 billion) in aid to fight Ebola in West Africa and rejected the idea of halting direct flights.

Published in The Punch Newspaper on Tuesday, 28^th October 2014

Event: Women to hold maiden entrepreneurship forum in Lagos

To further promote entrepreneurship among women and youth in Nigeria, the Network of Entrepreneurial Women (NNEW), a platform under the aegis of the Nigeria Employers’ Consultative Association (NECA), has concluded arrangement to hold its  maiden annual conference from Thursday,  October 30 to Friday, October 31, 2014  in Lagos.

Published in The Guardian Newspaper on Tuesday, 28^h October 2014

Power: Ministry, Nnaji make case for Chief Electrical Inspector for Power Sector

Former Minister of Power, Prof Barth Nnaji and top officials of the Ministry of Power Tuesday, made a strong case for a Chief Electrical Inspector for the power sector.

Published in The Guardian Newspaper on Tuesday, 28^th October 2014

NSE joins World Federation of Exchanges

The Nigerian Stock Exchange (NSE), Tuesday, announced that it received a vote to become a full member of the World Federation of Exchanges.

Published in The Guardian Newspaper on Tuesday, 28^th October 2014

Power: FG flags off employee Training Scheme

Minister of Power Prof Chinedu Nebo has disclosed Federal Government’s plan to grow the Nigerian middle manpower on power sector by creating a National Power Sector Apprentice Scheme, NAPSAS for training of young Nigerians power sector.

Published in The Guardian Newspaper on Wednesday, 29^th October 2014

Health: 110 Women die daily of Pregnancy Complications

The United Nations Fund for Population Activitites, UNPF, has said that 110 Nigerian women die from pregnancy and childbirth related complications on a daily basis.

Published in The Guardian Newspaper on Wednesday, 29^th October 2014

Infrastructure: AFC secures N16bn Facility for Infrastructure Development in Nigeria, others

The Africa Finance Corporation, AFC, has secured a $100 million, about N16 billion, long term loan facility from the United States of America’s (USA) development finance institution, the Overseas Private Investment Corporation (OPIC), and the global investment banking leader, J.P. Morgan to support infrastructural development in Nigeria and other countries in the African continent.

Published in Vanguard Newspaper on Thursday, 30^th October 2014 

Infrastructure: 80% of Nigeria Pipeline Network has Collapsed

Respite seems not to be in sight for the chaotic traffic situation across the country, especially on roads to the country’s ports, as the Federal Government, yesterday, disclosed that 80 per cent of the country’s 5,120 kilometers pipeline network for petroleum product distribution have been vandalised.

Published in Vanguard Newspaper on Thursday, 30^th October 2014 

Industry Pulse: NIMASA DG Gets Tenure Extension

The Bureau of Public Enterprises (BPE) has put the total investment in Nigeria’s telecommunications sector at $40 billion (N6.4 trillion).

The BPE’s Director-General, Benjamin Dikki, identified the deregulation of the telecommunications sector and the participation of private telecoms firmss like MTN, Glo, Airtel, Etisalat, Visafone as some of the country’s achievements in the last few years.

Published in The Guardian Newspaper on Friday, 31^st October 2014

Nigeria Ranked 170^th in World Bank’s ‘Doing Business’ Index

The World Bank has ranked Nigeria 170th among 189 countries in terms of the ease of doing business.

In a report released on Wednesday, Singapore emerged the best country in the world to do business, while Mauritius was the best in Africa with a ranking of 28.

Published in The Guardian Newspaper on Friday, 31^st October 2014

CSR News Summary Issue 94

Health: Diamond Bank supports Health Sector

Diamond Bank has demonstrated its commitment to the total health and wellbeing of women in Nigeria by sponsoring medical surgeries for 15 young women suffering from Vesico Vagina Fistula (VVF) as it donates medical equipment to selected fistula centres across the country.

Published in ThisDay Newspaper on Monday, 20^th October 2014

Philanthropy: SOS Village Nigeria commends Ecobank’s Support

The National Director, SOS Children’s Villages in Nigeria, Mr. Erhumwunse Eghosa, has commended Ecobank Nigeria’s continued support and commitment to the welfare of less privileged children in the SOS homes across Nigeria. 

Published in ThisDay Newspaper on Monday, 20^th October 2014

Power: Jonathan wants Mambila Power Plant contract signed

President Goodluck Jonathan has given a marching order to authorities in the power sector to conclude all necessary arrangements to sign the contract for the construction of the Mambila hydro-power plant in Taraba State.

Published in The Punch Newspaper on Tuesday, 21^st October 2014

Philanthropy: CoolWorld splashes N5.6m scholarships on 10 Students

In its desire to contribute to the development of education in Nigeria, Cool World, a subsidiary of PZ Cussons, in Lagos, gave five grant winners during the weekend N200,000 each.

Published in The Punch Newspaper on Tuesday, 21^st October 2014

Education: Gowon tasks Stakeholders on Falling Education Standard

Former Military Head of State, General Yakubu Gowon (rtd), has blamed illiteracy and lack of quality education for Boko Haram insurgency, which has led to several Nigerians being killed and maimed in the northern part of the country.

Published in The Punch Newspaper on Tuesday, 21^st October 2014

Industry Pulse: Berger Paints Appoints New Directors

Berger Paints Nigeria Plc has announced the appointment of three new non-executive directors to its board to replace those who recently retired. The new directors are Mr. Raj Mangtani, Adekunle Olowokande and Engr. Patrick Nnamdi Buruche.

Published in The Guardian Newspaper on Wednesday, 22^nd October 2014

 

Reporting: Experts canvass support for Sustainability Reporting

Experts on sustainability reporting at a workshop organised by Access Bank were unanimous in their call for concerted efforts towards entrenching the principles of the Nigerian Sustainability Banking Principles reporting in Nigeria

Published in The Guardian Newspaper on Wednesday, 22^nd October 2014

Award: Stanbic IBTC wins three awards at Euromoney Awards

Stanbic IBTC’s leading role in the financial services industry and the real estate sector in particular has once again been affirmed at the Euromoney Real Estate Survey Awards 2014, where the bank won three awards.

Published in The Guardian Newspaper on Wednesday, 22^nd October 2014

Industry Pulse: UnityKapital appoints Olasogba acting MD

The Board of Directors of Unitykapital Assurance Plc has appointed Gbenga Olasogba as the acting Managing Director/Chief Executive of the insurance company. He was until this new appointment the Head of Finance and Accounts department in the oraganisation.

Published in The Guardian Newspaper on Wednesday, 22^nd October 2014

Lagos begins traffic impact analysis on Eko Atlantic City

Lagos State Government has commenced traffic impact study on the Eko Atlantic City project and has completed the public transport system designed for the Victoria Island axis of the state.

Published in Vanguard Newspaper on Thursday, 23^rd October 2014 

Taxation: NGOs must pay Tax

The Acting Executive Chairman of the Federal Inland Revenue Service (FIRS), Alhaji Kabiru Marshi, has clarified that contrary to widespread assumptions, NOAN-Governmental Organisations (NGOs) are to some extent not exempted from tax obligation.

Published in Vanguard Newspaper on Thursday, 23^rd October 2014 

Environment: Flood submerges Benue community, residents flee

Floods occasioned by torrential rains have continued to wreak havoc in many more communities across the federation with devastating effects despite measures being taken by appropriate authorities following different warnings by experts and other related agencies

Published in The Guardian Newspaper on Friday, 24^th October 2014

Environment: Bayelsa Community threatens to resume hostilities with Chevron

Angry youths of Koluama in Southern Ijaw Local Government Area of Bayelsa State have threatened to resume hostilities with Chevron over the company’s refusal to pay compensation for the devastating January 2012 rig explosion in the area.

The massive explosion, which resulted from equipment failure, sparked off a huge inferno which raged consistently for over 50 days, destroying aquatic lives.

Published in The Guardian Newspaper on Friday, 24^th October 2014

ICT: BPE puts Nigeria’s telecoms sector Investment at N6.4tr

The Bureau of Public Enterprises (BPE) has put the total investment in Nigeria’s telecommunications sector at $40 billion (N6.4 trillion).

The BPE’s Director-General, Benjamin Dikki, identified the deregulation of the telecommunications sector and the participation of private telecoms firmss like MTN, Glo, Airtel, Etisalat, Visafone as some of the country’s achievements in the last few years.

Published in The Guardian Newspaper on Friday, 24^th October 2014

Empowerment: Tetfund trains 10,000 lectures in Nigeria

The Executive Secretary, Tertiary Education Trust Fund (Tetfund), Prof. Suleiman Elias Bogoro has disclosed that funds intervention on academic and staff training and development in Africa is among the best in the world.

Published in The Guardian Newspaper on Friday, 24^th October 2014

Happy Birthday!

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Happy Birthday to our Social Media Officer, Chinwendu Onwughara. We wish you the best that life has to offer!