EXPERT DECRIES POOR INVESTMENT IN LIVESTOCK PRODUCTION

The Executive Director, Forum for Agricultural Research in Africa, Dr. Yemi Akinbamijo, has described Africa’s investment in livestock as pathetic.

He stated that since livestock did not get the attention it deserved, its potential to contribute to economic well-being of the continent was under-exploited.

OIL, GAS COMPANIES RELUCTANT TO HIRE – REPORT

A global hiring survey has revealed oil and gas companies’ reluctance in Nigeria and other oil-producing countries to increase hiring efforts in the near term.

Still grappling with market uncertainty, 51 per cent of global hiring managers in the industry decreased their efforts in the past three months, the report, which was released by Rigzone for the second quarter of 2015, revealed.

TEF ANNOUNCES TRAINING PROGRAMME FOR $100M FUND

The Tony Elumelu Foundation says the inaugural training session for the first set of participants in the $100m Entrepreneurship Programme will commence next month.
The Founder, TEF, Mr. Tony Elumelu, who stated this at a news conference in Lagos, said the private sector held the key to Africa’s development.

NERC ASKS BUHARI TO RESOLVE EMS ROW

The Chairman of the Nigerian Electricity Regulatory Commission, Dr. Sam Amadi, on Thursday called on President Muhammadu Buhari to take a stand on the creation of a new agency in the industry, the Electricity Management Services Limited.
Amadi made the call at a ceremony in Abuja to announce the

FIRST BANK CEO CALLS FOR NAIRA DEVALUATION AFTER CURBS

Managing Director and Chief Executive Officer of First Bank of Nigeria Limited, Mr. Bisi Onasanya, has disclosed that Nigeria needs to let the naira devalue as foreign-exchange trading restrictions used to keep the currency stable are starting to harm growth in Africa’s largest economy.

CSOS URGE BUHARI, NASS TO PASS PIB IN FIRST 100 DAYS

Rising from extensive deliberations on the state of affairs in the oil and gas sector, a coalition of Civil Society Organisations (CSOs) have asked Buhari and members of the eight national assembly to pass the Petroleum Industry Bill (PIB) within their first 100 days in office.
The CSOs at the end of a weeklong workshop on governance in Nigeria’s oil and gas sector frowned on what they described as an “unpatriotic approach to the passage of the PIB” especially after it had gone unattended to in two different eras of government within eight years.

AIRTEL ROLLS OUT HIGH-SPEED WI-FI SERVICE

Airtel Nigeria has introduced ultra-high speed Wi-Fi service to enhance customer data experience in Lagos.
The telecoms company said the introduction of the ultra-high speed Wi-Fi was in line with its commitment to providing exceptional mobile Internet experience for Nigerians.
It said that with the development, residents and visitors to Lagos would have access to super-fast Internet in public places and be able to connect wirelessly to the Internet through their

SHELL, CHEVRON CONCLUDE SALE OF FOUR OIL BLOCKS

Shell, Chevron and their joint venture partners have finally concluded the sale of their stakes in Oil Mining Leases (OMLs) 71, 72, 83 and 85 to a Nigerian independent company – First Exploration & Petroleum Development Company Limited (First E&P) – after a year’s delay arising from the lack of ministerial consent to seal the deals, THISDAY has learnt.

MOBILE NUMBER PORTABILITY SCHEME FACES NEW CHALLENGE

Mobile Number Portability refers to the change of network by a subscriber while retaining his/her number. It is a way of restoring the customer’s status. Therefore, if one switches between service providers, he or she does not have to go through the trouble of informing friends, family, colleagues and other contacts because the number remains unchanged.

NIGERIA’S E-COMMERCE SECTOR TO GROW TO N2.5TN BY 2018

As more Nigerians patronise online retail platforms following the Central Bank of Nigeria (CBN) cash-lite agenda and the Federal Government of Nigeria’s national broadband policy 2013-2018, the Nigerian electronic commerce sector is expected to expand further to as much as $13 billion (N2.5 trillion) in value, THISDAY findings have revealed.

AIRLINES SEEK FRESH LIFELINE FROM AMCON

Ailing and debt-ridden domestic airlines are seeking fresh lifeline running into billions of naira from the Asset Management Corporation of Nigeria, it has been learnt.
This is aside the over N130bn that six domestic airlines are currently owing the bad debt manager, which was created to absorb non-performing loans of banks after the 2009 banking sector crisis.

WHY WE’VE NOT REMITTED N2.3TN NLNG DIVIDENDS – NNPC

The Nigerian National Petroleum Corporation on Wednesday said a committee working on the alleged unremitted $11.6bn (N2.3tn) Nigeria Liquefied Natural Gas dividends had not concluded its meetings.

A statement issued by the Group General Manager, Group Public Affairs Division, NNPC, Mr. Ohi Alegbe, explained the circumstances surrounding the reported non-remittance of the $11.6bn NLNG dividends.

ECONOMY CREATED 469,070 JOBS IN Q1 – NBS

 
Between January and March this year, 469,070 jobs were created in various sectors of the Nigerian economy, figures released by the National Bureau of Statistics on Wednesday indicated.
The 469,070 jobs created in the first quarter of the year were 99,485 jobs or 26.95 per cent higher than the 369,485 created in the fourth quarter of 2014.

MULTINATIONALS CHEAT NIGERIA, OTHERS OF N2TN – OXFAM

Multinationals have been accused of cheating Nigeria and other African countries of more than N2tn.

According to a new report entitled, ‘Africa: Rising for the few,’ by Oxfam, an international organisation working to provide solutions to poverty and injustice around the world, multinational organisations cheated Nigeria and its African counterparts of $11bn in 2010 through tax evasion.

FUEL SCARCITY: ABUJA CHAMBER PUTS REVENUE LOSS AT N500M WEEKLY

The Abuja Chamber of Commerce and industry Limited, has said that businesses in the Federal capital Territory (FCT) lost about N500 million revenue weekly due to the current fuel scarcity

The President of the Chamber, Mr. Tony Ejikonye, who stated this in Abuja while reacting to the protracted scarcity of the petroleum product, said the situation had also affected employees’ productivity.

IJEWERE EXPRESSES CONFIDENCE IN ADESINA’S ABILITY TO PILOT AFDB

The Chairman and Coordinator of Nigeria Agriculture Business Group (NABG), Messrs Sani Dangote and Emmanuel Ijewere respectively, Wednesday expressed confidence in the ability of the newly elected President of African Development Bank (AfDB), and former Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina to pilot the continental bank to an enviable level.

PRESSURE MOUNTS ON BUHARI TO REVISIT FUEL SUBSIDY PROBE, OIL BLOCKS ALLOCATIONS

President  Muhammadu Buhari has been under intense pressure from oil and gas industry stakeholders to reopen all cases relating to fuel subsidy fraud with a view to prosecuting all those indicted.

The stakeholders said this has become necessary as most top officials  indicted by the probe panel set up by former President Goodluck Jonathan administration were released by security officials because they were close  allies of the then government in power.

ARIK RANKED AMONG WORLD’S BEST IN ECONOMY CLASS SEATS

Nigeria’s biggest airline, Arik Air has been ranked as one of the top ten airlines in the world to offer most comfortable economy class seats.
According to a report by www.airlinequality.com Arik Air is among ten airlines in the world that offers the most comfortable seats in Economy Class on its wide-body aircraft for medium and long haul flights.