Monday, 12 October 2015

NIGERIA SUPER EAGLES SOARS AGAIN

After a devastating 0-2 loss to Congo DR in an international friendly, Nigeria Super Eagles soars again as the team thrashed the indomitable lions of Cameroon 3 goals to nothing.

Nigeria took the lead with an header from Efe Ambrose minutes before Stephane Mbia (Cameroon's captain) was sent off the field in the 47th minute. Moses Simon added another goal as the team took over the mid-field and had control of the match.

Th lions lost total control of the jungle as Ighalo Odion made it three for Nigeria, two minutes before the final whistle.

THE NEW NAHCO WAREHOUSE IN ENUGU

Last month, the Nigerian Aviation Handling Company (NAHCO) commisioned the largest cargo warehouse in Eastern Nigeria within and outside the Akanu Ibiam International Airport, Enugu. The warehouse has the capacity to handle 100,000metric tonnes of cargo.
The new warehouse will ensure the east has a direct access to international trade hubs like China, Dubai and Europe.

According to the chairman of NAHCO, Alhaji Suleiman Yahya, "about 60 billion naira worth of cargo which is about 20 per cent of the entire cargo in Lagos is earmarked for the five eastern states with a lot of them finding their ways to Enugu, Onitsha, Aba and Umuahia." Hence a move for the new warehouse.in Enugu.

The new warehouse will not only create more jobs for Enugu state but it will further boost the economy and revenue of the eastern region just like its western counterpart.


Credit: nannewsnigeria.com, thisdaylive.com

Sunday, 11 October 2015

KIA MOTORS MULTI BILLION NAIRA INVESTMENT IN NIGERIA


KIA motors assembly plant named United Vehicle Assembly Limited (UVAL) is intended to make the nation a leading manufacturing hub. Also the assembly plant which is located in Lagos is expected to produce 25,000 vehicles each year.

The plant has employed engineering graduates from Nigerian universities and will continue to provide employment for locals.

UVAL CEO Jacky Hathiramani said, "We are committed to contributing immensely to the development of the nation through this multi-billion investment. We have taken our growth commitment to a greater height in Nigeria and repositioned our brand by supporting the Nigeria dream."

In line with a commitment made in 2014 to produce vehicles locally, Kia Motors recently launched its made-in-Nigeria automobiles such as Kia Rio, Cerato, Optima, Sorento and Soul. 


Credit: Africareview.com

Saturday, 10 October 2015

ORACLE GETS MORE MARKET SHARE IN NIGERIA THAN OTHER AFRICAN COUNTRIES

Oracle’s Senior Vice President, Eastern Europe, CIS, Middle East and Africa, Alfonso Di Ianni, necessitated the need for the the American firm to deepen its various investments in Nigeria because the firm has continued to earn more revenue in Nigeria than its other African markets, South Africa inclusive.

The firm further proved its allegiance to help Nigeria transform to a digital country in the nearest time possible by opening its state-of-the-art facility here in Nigeria.


Credit: ngrguardiannews.com

Friday, 9 October 2015

KOGI STATE TO RECEIVE N100 BILLION INVESTMENT FROM US BUSINESS GROUP

Kogi State commissioner for Information, Hajiya Zainab Suleiman Okino disclosed after a meeting between the delegation of Anointed Holding Group and the Kogi state government at the government house in Lokoja that the State will receive investment worth over N100 billion from the US business group.

The Commissioner who noted that the group of investors had a fruitful discussion with the State Governor, Captain Idris Wada before presenting their areas of interest to members of the state executive council and syndicate group of experts.

The Governor assured the potential investors that the state government will provide all necessary support required by the investors to facilitate the take-off of investment in their areas of interest.

He urged members of the syndicate group and experts involved in exchange of ideas with Anointed Holding Group to set a clear path and assist with their expertise to enable the government and the investors deliver on the terms of the Memorandum of Understanding in good time.


Addressing officials of the state government, the leader of the delegation, Mr Nduka Duke said Anointed Holding plans to invest up to $700 million in Mining, Housing, and Agriculture and Tourism development.


Credit: savidnews.com

NIGERIAN AGRIC SECTOR RECEIVES INVESTMENT COMMITMENTS WORTH $8BN

Nigeria has the potential to feed the world considering the fact that the country is one of the world’s largest producers of major agricultural commodities in spite of challenges in the sector domestically.

Efforts to boost investment in agriculture has yielded some results and Nigeria has recorded increase in food production by 21 million metric tonnes between 2012 and 2014. Also, food import bills has declined from $6.9bn in 2009 to $4.35bn in 2013.

Nigeria got $8bn investment commitments between 2011 and 2015; $40m investment commitment in rice production; increase in fertilizer use from 13kg per hectare to 80kg per hectare; and the number of seed companies increased from 11 to 34 between 2011 and 2014.

NEXIM notes that in spite of the numerous challenges in the agricultural sector, the country have the potential not only to be self-sufficient, but to feed the rest of the world.


According to the bank, statistics from the Food and Agriculture Organisation showed that in the ranking of major producing countries of the world, Nigeria is number one in the production of cassava, yam and cowpea; second in producing millet; and third in sweet potato, sorghum and groundnut production.

Credit: en.starafrica.com

Thursday, 8 October 2015

DANGOTE BUILDS N160M TECHNICAL SKILLS CENTER

Determined to bridge skill gap in the technical sub sector of the Nigerian economy, the Pan African Conglomerate, Dangote Group has inaugurated an Automation Skills Development Centre valued at N160million in Lokoja, Kogi State.

According to Mr Aliko Dangote, the state-of-the-art skill centre will provide support to the development initiatives of the State Government in the areas of technical skills acquisition. He went ahead to say that, the “Dangote Automation Skills Development Centre’ will help revive and develop technical skills in the country, and as well provide jobs for the youths.

Engineer Stephen Maiyaki - Kogi State Commissioner for Land, Housing and Uban Development commended the developmental efforts of Alhaji Dangote and his Company, urging other entrepreneurs to emulate him.



 Credit: dangote.com

Wednesday, 7 October 2015

ARSENAL SIGNS ANOTHER HENRY THIERY

Nigerian starlet, Alex Iwobi, signed a new long-term contract with Arsenal on Tuesday after an impressive performance with Arsenal’s U21. The 19-year-old striker who was invited by Super Eagles’ head coach, Sunday Oliseh, for the international friendlies against DR Congo and Cameroon this week, was the mainstay of the Gunners’ under-21 team. Iwobi scored 9 goals in 9 matches for the Arsenal U21 last season and has played for England at youth level. He also had an impressive pre-season for Arsenal's first team.

The new Arsenal signee scoring ability has made him to be seen as the potential new 'Henry Thiery' for Arsenal. He proved this when he scored a brilliant goal in the first half of a pre-season match against Lyon.

Iwobi was born in Lagos and has been at Arsenal since he was a primary school student. He represented the club at almost every age level. 

Alex Iwobi's decision to play for Nigeria was influenced by his father, Kanu Nwankwo and Austin 'Jay Jay' Okocha. Though, Jay Jay happens to be his uncle.

Tuesday, 6 October 2015

DANGOTE CEMENT SIGNS DEAL TO CONSTRUCT 11 NEW PLANTS

Dangote Cement Plc signed a contract valued at $4.34 billion with Chinese firm, SINOMA International Engineering Co. Ltd, for the construction of 11 new plants, 10 of which would be located in Africa, and one in Nepal, Asia. When completed, the new projects are expected to add 25 million metric tonnes per annum (mmtpa) to the company’s existing capacity that stands at 46 mmtpa. 

Both companies signed the deal in Lagos in the presence of some of the Ambassadors of the African countries where the projects would be sited.


Credit: dangote.com




PZ CUSSONS DECLARES N3.2 BILLION DIVIDEND

PZ Cussons Nigeria Plc, has approved a total dividend payout of N3.2 billion or 81k per share as dividend for its shareholders in the financial year ending 2015.

At the 67th yearly general meeting of the company held in Calabar, the company declared a final dividend of N2.4 billion or 61kobo per share in addition to N794 million interim dividends or 20kobo per share approved earlier in the year bringing the total to N3.2 billion.

Giving details of the company’s performance to shareholders, the Chairman PZ Cussons, Chief Kola Jamodu said in spite of the adverse economic condition including increasing competition, “the consolidated top line (turnover) grew by 0.3 percent from N72.9 billion to N73.1 billion”.

However, he said, “profit before taxation (PBT) dropped by 5.7 percent from N6.95 billion to N6.56 billion due to the impact of the significant exchange loses that were incurred due to the devaluation of the naira during the year under review. Over all, it is gratifying to note that after taking into account of the tough operating conditions and the competitive environment, our company performed satisfactorily against peers in the sector.
The company's balance sheet remains strong with total assets of N67 billion and no debt. 


Credit: ngrguardiannews.com

Monday, 5 October 2015

NIGERIA BILLIONAIRE BAGS GLOBAL AWARD

Africa business mogul has been honored with the Clinton Global Citizen Award for Leadership in Private Sector. The event which took place in New York had in attendance world political leaders, business leaders and other honorees.
The Clinton Global Initiative said it recognized Mr Dangote for the award based on his exemplary and selfless dedication to impacting the lives of people globally through numerous philanthropic initiatives implemented via the Dangote Foundation. Awarrd was received by Dangote's daughter, Halima.

IT'S FAYOSE ON THE RADAR AGAIN

In celebration of teacher's hardwork, the Governor of Ekiti State - Fayose rewards outstanding teachers with brand new cars as they mark World Teachers' Day. The event is taking place at Oluyemi Kayode Stadium in Ado Ekiti.



Oluyemi Kayode Stadium
Oluyemi Kayode Stadium

Sunday, 4 October 2015

ENUGU DISCO LAUNCHES MULTI-BILLION NAIRA METERING NETWORK SCHEME


Enugu state, Enugu Electricity Distribution Company –EEDC, has kicked off its integrated network improvement programme which stands as the most ambitious programme by any DISCO. The programme which will commence this week will be the most sophisticated GIS programme to be embarked in Sub-Saharan Africa.

According to the Communications manager, Eugene Aniowo, “the GIS will provide a digital map of the entire South-East Nigeria. Other spin off from the project will include providing identification of every road, street and property in the region which will be used to develop a comprehensive addressing system with post code, among others as obtained in developed countries. This action will boost security in the region.


Credit: Vanguard Newspapers

Saturday, 3 October 2015

MAIDEN EDITION OF ONE2WATCH CONCERT: POWERED BY TENSTRINGS MUSIC INSTITUTE



The event which took place at the Lagoon restaurant in Lagos was well attended by many music lovers, and had in attendance both young and old.

The concert showcased some of Nigeria’s talented artistes that are yet to be established, and notable artists like BEZ, Waje and Eva Alodiah. In the words of the founder of Tenstrings Music Institute, the One2Watch Project is a series of promotional activities intended to become a world-class music concert that will feature some of the great talents the institute has groomed to date, alongside several notable musicians and comedians.

BEZ sang his hit tracks like “You suppose know” and “Stupid song”, Eva Alordiah sang “Deaf” while Waje sang “Coco baby”.  Some of the upcoming acts that performed at the concert are Dionne, Sonia (aka 9T9), Kamofe, FTK and Victore. According to some of the attendees, the event was well organized and a huge success. The concert was covered by many media stations in the country.

Bez
Eva
Waje
Tenstrings Music Institute is Nigeria’s leading college of music and currently ranks as the best-spread and most patronized music school in Africa. It was established about eight years ago and has trained over 4500 persons since inception.

Waje dancing with a fan
  
 
The Guests

Tentrings Founder -Mr Emmanuel Akapo interview before the show

Friday, 2 October 2015

MY THOUGHT WHILE CELEBRATING NIGERIA’S 55TH INDEPENDENCE DAY: POSSIBLE CHANGE

 
Picture by: Segun Adekoye
Still in the mood of celebration, I would like to say happy 55th Independence Day to my fellow compatriots. The labour of our heroes past shall not be in vain.

This post is based on the recent development I and many other Nigerians are experiencing. However, a friend’s digital shot triggered the move. 

In the beginning of creation, we were told everything was in chaos due to the absence of light but when light came, order stayed. The moment light came to being, creativity began. Everything that was created was put in its place when God created light. Hence, light begets creativity.

For over 1.5 billion people around the world, night-time means darkness. However, with the invention of electric lamp by Thomas Edison, man had complete control over lighting inside his homes and work places. This invention resulted in the interruption of the normal, biological rhythms of life and altered man’s schedules for work and leisure. It therefore means we can operate in shifts at our place of work within the 24 hours we have each day. For instance, I am able to put this piece together between 11pm and 1am. The invention of power (electric light) and consequently a new rhythm of life have created a new concept in man’s life, "a city that never sleeps."

Light not only reveals that which is hidden in darkness, but it also provides energy needed for the development and sustenance of life. The bitter truth is that the absence of light opposes development and progress. Sometime back, when the banks were just recapitalizing. I went to one of the banks here in Nigeria, and everything seems to be busy - From human to machine. I had been on the queue for just five minutes when the power supply went off. Five minutes, ten minutes and the technical personnel were unable to get the alternative power source on. Taking my mind back, I remember everyone talking without one hearing the other. People hitting each other while trying to secure a safe haven. The bankers were not left out as they were all disorganized but just as power was restored; it took less than 5seconds for everything to get back to normalcy. Remembering that moment, I realize how important light is for any form of development or progress in the human race. 

These days, I get home, sleep, wake up and get amazed that power is still on. Few months back, having light was luxury. I have to spend an average of well over a thousand naira on fuel to have light for few hours. Now, DISCOs have to put the light off for few hours in a week so transformers don’t blow up. Further showing, the inadequacy of past management in providing the right transformers for large communities. Like some friends would say, “the fear of Buhari is the beginning of constant power supply.” 

Be that as it may, I am happy to see this change. It tells me nothing is impossible in our hope for a new Nigeria. My belief like many other Nigerians’ is strengthened that things will change for the better. We might not be where we are suppose to be or where we were promised we would be in three months after assuming office but we will get there. A process that had started before now. 

With the current constant power supply, our economy will develop. You may ask how with that ‘ewww’ look even as you read. Your reason might be roads have to be built, corruption have to be curbed, bureaucracy in government has to be minimized, favorable policies has to be put in place to encourage indigenous companies, a new attitude for change and development has to be expressed  to attract investment, and many other reasons. Yes! You are right. 

While fighting corruption; the first step towards building a sustainable economic development is to provide electric power. Man’s daily living, and the business world depends solely on this critical infrastructure. The world is constantly evolving into a globalized one, and we can’t afford the luxury of time as everything changes in a twinkle of an eye. Either as humans or businessmen, we must keep ourselves abreast with current developments in politics, economics, information technology etc. Lack or inadequate power supply will hinder our access. 

With the availability of power, business are able to reduce cost of production, increase productivity, make more profit, invest and re-invest for expansion purposes, employ more people, and perform their corporate responsibilities. Employees get opportunity to make more income thus increasing their standard of living. Also, new formal (corporate) and informal (home) businesses are created through the creativities of the citizens and opportunities given by growth in the economy. Note that, it is a common fact that the backbone of most developed countries is the Small Medium Enterprise (SME). 

In recent time, there has been an emergence of a new set of employees and employers of labour – I call them the hermits because they do not have to be at the physical location of an office to operate yet they have brought a change to the business and political world that no one can doubt. They are the internet (web and social media) freaks. These set of people have been instrumental in the change of governments in countries via their means of sharing information. For example, Nigeria, United states, Egypt etc. They have also changed the face of marketing in our world. However, this has only possible with access to power (electric or alternatives) for creativity. 

The economic effect of the availability of power (electric light) goes beyond us going about our daily activities or increasing the workday but something more. That is why I am of the view that change has come without us realizing it. 

It is time for us to think, it is time for us to make use of what has been provided, it is time for us to create, it is time to liberate ourselves and millions of others, and it is the time to Arise.

God bless Nigeria.
GOOD PEOPLE. GREAT NATION