B description#Oil: Oil Marketers Want Preferential FX Rate for Petrol
Extended to Aviation Fuel
Despite the preferential foreign
exchange rate given to oil marketing firms by the international oil companies
(IOCs), aimed at sustaining the importation of petrol into the country, the
Major Oil Marketers Association of Nigeria (MOMAN) has decried the
non-allocation of the same preferential FX rate for the importation of
aviation fuel.
Published by the This Day Newspaper on Monday, 3rd October, 2016
#Infrastructure: U.S. Invests $50m in Niger Drone Base for
Counter-Terrorism
The United States is investing at
least $50 million in a military air base in Nigeria’s northern neighbour, Niger
Republic that will be capable of deploying drones. The U.S. already has a
presence in the capital Niamey, where it shares an airbase with France’s
anti-Islamist force, Operation Barkhane. MQ-9 Reaper drones are stationed
there, according to the BBC.
Published by the This Day Newspaper on Monday, 3rd October, 2016
#Economy: Stakeholders List Public Hearing, Expenditure Tracking, Others
as Solutions
Subjecting the budget process in
the National Assembly to public hearings to provide for an all-encompassing
multi-stakeholder involvement has been identified as one of the key solutions
to reforming the country’s public finance and ensures equitable nationwide
development.
Published by the This Day Newspaper on Monday, 3rd October, 2016
#StakeholdersAction: Again, NLC Warns FG, Says Nigeria is Not for Sale
The Nigerian Labour Congress (NLC)
yesterday reiterated its position against the sale of national assets, warning
the federal government that ‘Nigeria is not for sale.’ While stating the
position of organised labour on the independence anniversary, NLC President,
Ayuba Wabba argued that government should rather focus on strengthening the
economy and ensuring a sustainable society than making attempt to place
Nigeria on sale.
Published by the This Day Newspaper on Monday, 3rd October, 2016
#IndustryPulse: FG Calls for Lifting of Suspension on Nigeria’s Cocoa
Exports to US Market
The federal government at the
weekend officially made a case for the lifting of the suspension placed on
Nigeria’s export of cocoa to the United States’ market. The Minister of Labour
and Employment, Senator Chris Ngige, made the call during the Labour and Trade
Ministerial Roundtable of the Africa Growth and Opportunity Act (AGOA) forum at
the State Department, Washington D.C.
Published by the This Day Newspaper on Monday, 3rd October, 2016
#Health: British Scientists Discover Possible HIV Cure
A British man could become the first person in the world to
be cured of HIV using a new therapy designed by a team of scientists from five
United Kingdom universities. The unnamed 44-year-old is the first of 50 people
to complete a trial of the ambitious treatment, designed by scientists and
doctors from five of Britain’s leading universities.
Published by Punch
Newspaper on Tuesday, 4th October, 2016
#Education: Foreign Varsities to Offer Easier Payment Plans
The Regional Manager Africa, United Kingdom Education
Advisory Service, Bukky Awofisayo, has said that the recession and foreign
exchange challenge being experienced in the country has propelled over 50
foreign universities to give prospective Nigerian students an easier payment
plan and the possibility of fee reduction.
Published by Punch
Newspaper on Tuesday, 4th October, 2016
#StakeholdersAction: World Bank Demands More Reforms from Nigeria
Plans by the Federal Government to borrow billions of dollars
from the World Bank to plug its budget deficit have run into delays as the
international lender is demanding for further reforms from the government as a
condition for any loan. This came barely one month after the Presidency gave
the Ministry of Finance its seal of approval to obtain the loan.
Published by Punch
Newspaper on Tuesday, 4th October, 2016
#StakeholdersAction: Obi of Onitsha Backs Calls for Restructuring
The Obi of Onitsha and the Chairman of Anambra State Council
of Traditional Rulers, Igwe Alfred Achebe, on Monday renewed the call for the
restructuring of the country. He said Nigeria would be directionless without it
being restructured. The monarch maintained that the prevailing challenges in
the country had necessitated a review of the nation’s governance structure.
Published by Punch
Newspaper on Tuesday, 4th October, 2016
#Economy: New Revenue Formula Lingers Three Years after Draft
Three years after the Revenue Mobilisation, Allocation and
Fiscal Commission had completed work on a new revenue formula for the country
and ratified the draft, the Federal Government has not implemented it. Investigation
by our correspondent showed that the consequence of the Federal Government
losing its fat allocation from the federation account could be responsible
for the delay in completing the process for the implementation of the new
revenue formula.
Published by Punch
Newspaper on Tuesday, 4th October, 2016
#StakeholdersAction: Ambode Seeks Traders’ Opinion on Govt Policies
The Lagos State Governor, Mr. Akinwunmi Ambode, has concluded
plans to visit markets around the state to interact with traders and obtain
their views on his achievements. The governor, who spoke through his Special
Adviser on Community and Communications, Mr. Kehinde Bamigbetan, said
expectations of traders from his administration would also be gathered during
the visit.
Published by Punch
Newspaper on Tuesday, 4th October, 2016
#IndustryPulse: Bayelsa Schools Remain Shut Over Unpaid Salaries
Public primary and secondary schools in Bayelsa have yet to
resume for the 2016/2017 session due to the failure of the state government to
settle seven months’ salary arrears of teachers. The teachers had embarked on a
strike at the end of the 2015/2016 long vacation, which ended in the first week
of September.
Published by Punch
Newspaper on Tuesday, 4th October, 2016
#IndustryPulse: NAF Destroys Illegal Refineries in Rivers
The Nigerian Air Force has destroyed illegal refineries and
barges in the Niger Delta, its spokesman, Group Capt. Ayodele Famuyiwa, said in
a statement in Abuja on Monday. Famuyiwa, who is the Director of Public
Relations and Information of NAF, said, “In its concerted efforts to stop
illegal bunkering and criminal activities in the Niger Delta region, NAF today
destroyed illegal oil refineries and barges filled with petroleum products.
Published by Punch
Newspaper on Tuesday, 4th October, 2016
#Agric: Price of Maize Bows to Harvest in Nasarawa
Few months ago, the prices of grains like maize, reached a
record high of N320 per measure and N16,000 per 100kg bag. This
raised a lot of concerns among poultry farmers who rely heavily on the product
to produce their feeds and forced some farms to shut. This month, many
farmers who cultivated the grain are already in the market, forcing the price
to drop from 300 to N100 per measure in Nasarawa State.
Published by the Daily Trust Newspaper on Wednesday, 5th
October, 2016
#Agric: Lagos Moves to Develop
Coconut Farming
The Lagos State Ministry of
Agriculture has revealed plans to expand structure for coconut production and
processing in the state through Public Private Partnership arrangement. The Special Adviser to the Governor on Food
Security, Mr. Ganiyu Sanni Okanlawon, who made this known, expressed optimism
that the collaboration between the state, the private sector and all
stakeholders in the agriculture sector, would result in a win-win situation in
such a way that food sufficiency and safety would be guaranteed.
Published by the Daily Trust Newspaper on Wednesday, 5th
October, 2016
#Agric: Quelea Invasion Threatens 12 Adamawa LGAs
Adamawa
has launched an emergency pest control programme after declaring threat of
quela bird invasion across 12 council areas. Adamawa state
governor Muhammadu Bindow launched the emergency programme to control migratory
pests on Tuesday by aerial spray. The emergency control is planned for the
entire country, but only some states have started it.
Published by the Daily Trust Newspaper on Wednesday, 5th
October, 2016
#Agric: Anambra to Begin Exportation of Vegetables
To U.S.
Governor
Willie Obiano of Anambra State has disclosed plans by his government to
commence exportation of vegetables to the United States of America soon. Obiano, who made the disclosure while
playing host to the executive members of the National Council of Women
Societies, described the development as a milestone in view of the current
naira to dollar exchange rate, adding that it is a sure way of coming out of the
economic recession.
Published by the Daily Trust Newspaper on Wednesday, 5th
October, 2016
#Agric: Chili Pepper Farmers Frustrated by Market
Chili
pepper, though harsh in the mouth, could bring cool cash into farmers pocket as
some graduate farmers in Alwaza town have found out.
That, however, depends on finding the right price and market for the produce. Otherwise, farmers can be left frustrated, as in the present situation.
That, however, depends on finding the right price and market for the produce. Otherwise, farmers can be left frustrated, as in the present situation.
Published by the Daily Trust Newspaper on Wednesday, 5th
October, 2016
#Empowerment: AEA Partners SMEDAN on Training of
Artisans
The
MD/CEO of the Abuja Enterprise Agency (AEA), Malam Arabi Muhammed Tukur, has
called for renewed partnership in the area of capacity building and training of
artisans with the Small and Medium Enterprise Development Agency of Nigeria
(SMEDAN). Malam Tukur made this known when his team paid a courtesy visit to
the Director-General of SMEDAN, Dr Dikko Umar Radda.
Published by the Daily Trust Newspaper on Wednesday, 5th
October, 2016
#Power: Benue Meets NERC over 10MW Power Plant
The
Benue State government met with the leadership of the Nigerian Electricity
Regulatory Commission (NERC) yesterday as it plans to build 10mw-embedded power
plant. Governor Samuel Ortom who led the team of investors, Contec Global said
the $18m project would be dedicated to industrial layouts in the state to grow
economic activities.
Published by the Daily Trust Newspaper on Wednesday, 5th
October, 2016
#Innovation: Glo Unveils 4G
LTE Network
Globacom
has fired up Nigeria’s first nationwide mobile 4G Long Term Evolution (LTE)
network. Subscribers in parts of
several cities across the country including Lagos, Port Harcourt, Abuja as well
as Jos in Plateau State, Warri in Delta State, Eket in Akwa Ibom State, Benin
City in Edo State, Yola in Adamawa State and Zaria in Kaduna State have the
opportunity to connect to Glo 4G LTE network immediately.
Published by the Daily Trust Newspaper on Wednesday, 5th
October, 2016
#StakeholdersAction: Accountants Want FG to Redistribute
Recovered Funds
The
President of the Association of National Accountants of Nigeria (ANAN), Mr
Anthony Nzom, has advised the Federal Government to ensure that the recovered
looted funds are effectively redistributed to all sectors of the economy. Nzom stated this yesterday in Abuja in
a welcome address at the opening of the 21st Annual Conference of Certified
National Accountants
Published by the Daily Trust Newspaper on Wednesday, 5th
October, 2016
#Oil: Commercial Oil Production at Otakikpo Begins
This Month
Lekoil
is to commence commercial oil production this month from Otakipo marginal
field, located in Oil Mining Lease (OML) 11 in Rivers State, following the
completion of the Otakikpo-003 well. Following
the successful re-entry of the Otakikpo-002 well, first oil from Otakikpo
flowed to surface September last year.
Published by the Daily Trust Newspaper on Wednesday, 5th
October, 2016
#Education: Lagos Records 50.41% Pass in 2016 WASSCE
The Lagos State Government
has attributed the 50.14 per cent credit pass and above in five
subjects and above including English language and mathematics
recorded by the state’s public schools in the recently
released results of the 2016 Senior Secondary School Certificate
Examination conducted by WAEC to it huge investment in the education
sector.
Published by the National Mirror Newspaper on Thursday, 6th October, 2016
#Empowerment: Sesema
Grooms Young Graduates on PR, Digital Communication
As a way of investing in youths
and grooming creative minds, an integrated marketing
communications firm, Sesema PR, has held the maiden edition of its
Corporate Communications Interactive Forum (CCIF) in Lagos. The one-day
event brought together undergraduates and graduates who have
an interest in the corporate communications sector of the economy to
give them a practical introduction into the field.
Published by the National Mirror Newspaper on Thursday, 6th October, 2016
#Environment: Alumna Tasks UNILAG Mgt, Students on Waste to Wealth
A graduate of University of
Lagos, Mrs Temitope Okunnu has triggered her alma mater on
converting waste to wealth as she organised a special cleaning
project for the lagoon front of the university through her
pet project FABE in collaboration with the management and
students of the institution.
Published by the National Mirror Newspaper on Thursday, 6th October, 2016
#IndustryPulse: NOUN Admits 442,000 Students in 6 Years
The National Open University
of Nigeria (NOUN) has said there had been a massive increase of
students’ enrolment into the institution within the last
six years. The Dean, Faculty of Health Sciences of
the university, Dr. Jane Agbu, made the disclosure during the
2nd international public health conference with the theme,
“Trending Issues in Public Health Services Delivery,”
Published by the National Mirror Newspaper on Thursday, 6th October, 2016
#Economy: IMF Cautions On Global Financial Stability Risks
Against the backdrop of
sustained depressive trends in developed and emerging economies
over the past months, the International Monetary Fund (IMF) yesterday
cautioned managers of global economies on the increasing risks to
financial stability, describing it as medium term dangers.
Published by the National Mirror Newspaper on Thursday, 6th October, 2016
#Agric: Nigeria’s Livestock Market Value to Hit N2trn
Nigeria Incentive-Based
Risk Sharing System for Agricultural Lending (NIRSAL)
has projected its current efforts to create a structured market for
the livestock business in the country, through a bankable standard
business model, have the potential of increasing the value of
Nigeria’s livestock market to about N2 trillion yearly.
Published by the National Mirror Newspaper on Thursday, 6th October, 2016
Investment; Profit Taking Dips Market By 0.95%
The Nigerian Equities market
continued on a downward trend as lead key indicator the Nigerian
Stock Exchange All-Share Index (NSE ASI) depreciated 0.95 per cent
to close at 28,009.40 basis points yesterday in comparison
to 0.20 per cent lost in previous session.
Published by the National Mirror Newspaper on Thursday, 6th October, 2016
#Empowerment: FG Flags off 4-Day Training Programme For SSE
The Federal Government has flagged
off a four-day entrepreneurial training programme for Small Scale Enterprises,
SSE, as part of efforts towards tackling the economic recession in the country.
Published by the Vanguard Newspaper on Friday, 7th October, 2016
#Infrastructure: No Potable Water for 57m
Oxfam Head of Programme in Nigeria,
Constant Tchona, yesterday, disclosed that over 57 million Nigerians lacked
access to safe or clean water.
Published by the Vanguard Newspaper on Friday, 7th October, 2016
#StakeholdersAction: FG Warns Employers against Lowering Labour Standards
THE Federal Government has said
that it was considering strategies to reflate the economy and place it on the
path of sustainable growth and development and as such, will not tolerate the
lowering of labour standards by employers in the country.
Published by the Vanguard Newspaper on Friday, 7th October, 2016
#StakeholdersAction: Prioritise Teachers’ Welfare, NANS Urges FG
As Nigeria, yesterday, joined the
rest of the world to mark the 2016 International Teachers’ Day, the National
Association of Nigerian Students (NANS) has felicitated with all the Teachers
in Nigeria, even as it urged the Federal Government to prioritize teachers’
welfare.
Published by the Vanguard Newspaper on Friday, 7th October, 2016
