Recognising socio-economic productive, valuable and impactful Nigerian entities that improve Nigerian and global business & economy.
A new 1.5 million metric tonnes per annum (MMTPA) Dangote Cement Plant built at a cost of $300 million has been commissioned in Mfila, in the Republic of the Congo.
The new cement plant has the potential for about 1,000 direct employment and thousands of several other indirect jobs.
Continue reading $300 Million Dangote Cement Plant Commissioned In Congo
Winners have emerged in the maiden edition of The Guardian Manufacturing Excellence Awards [2017]. The awards, held at Eko Hotels and Suites, Victoria Island, Lagos, was designed to recognise distinguished sector-players in the manufacturing industry, who have consistently outperformed in spite of prevailing economic circumstances.
Continue reading Winners Of The Guardian Manufacturing Excellence Awards [2017]
Two Nigerian business owners, Mr. Precious Adeho and Mrs. Ngozi Deborah Atalor, have emerged winners in the 2017 Shell LiveWIRE Top Ten Innovators competition, a global contest open to beneficiaries of Shell LiveWIRE, and aimed at rewarding shining cases of innovation in businesses supported by the programme.
The two Nigerians won the Merit prize along with four others in the same category, while businesses from the United Kingdom and Pakistan took the top and runner-up awards. The winners were announced during the Global Entrepreneurship Week holding November 13 – 17 in Freetown, Sierra Leone.
Winners have emerged in the 2017 BusinessDay Banking Awards held in Lagos.
The management of BusinessDay newspapers, led by the Publisher, Mr. Frank Aigbogun, said agencies, regulators, microfinance banks, deposit money banks, investment and merchant banks that were recipients this year were rewarded because they made excellence and dedication to quality delivery the core of their operations in 2016 financial year.
The 2017 BusinessDay Award Committee, which was made up of eminent industry analysts as well as the team from BusinessDay Research and Intelligence Unit (BRIU), meticulously examined the audited annual reports and investors’ presentations of banks to come up with the nominees and winners.
The Nigerian Air Traffic Controllers’ Association (NATCA) have endorsed Air Peace as the Best Domestic Airline of the Year 2016/2017.
Presenting the Best Domestic Airline of the Year award to Air Peace at the opening session of the 46th Annual General Meeting/Conference of NACTA in Uyo, Akwa Ibom State, the group stated:
“[Air Peace] is consistently transforming to being the largest domestic airline in Nigeria within the very short period of time it came on board. While other notable airlines and businesses are closing down under the harsh economic conditions, Air Peace keeps emerging and giving hope to other investors that Nigeria is still an investment destination. While others are reducing their workforce, Air Peace keeps opening new destinations and providing more connectivity and employment to Nigerians.”
Receiving the award, Air Peace gave credit to its staff for toiling to sustain the high quality of its flight operations. The airline, which was represented by its Corporate Communications Manager, Mr. Chris Iwarah, commended NATCA for prioritising merit and guarding the integrity of its awards.
Air Peace described the award from NATCA as special, coming from a critical segment of aviation workers with the capacity to easily appraise the strengths and weaknesses of airlines in the country.
L&L Foods, a peanut maker, have been named winner of the first ever Nigerian Economic Summit (NES) Group pitch contest.
The non-tech startup peanut producer emerged winner over seven other startups to emerge winner of the maiden contest and secure $15,000 in funding.
Accounteer, a cloud accounting tech startup was the first runner-up and winner of $10,000 prize. Mypaddy.ng a platform that helps students find campus accommodation got the third position and a $5,000 prize.
There were a total of 263 startups that applied to take part in the competition via Ventures for Africa platform. The number was later narrowed down to eight start-ups.
Kitovu, is an innovative platform and system that matches fertilizer type and quantity, improved quality seeds and other inputs to the right soil. The proposal envisions a web and mobile-based decentralised fertilizer and seedling warehousing system that matches the right inputs to different farm locations owned by small-holder farmers in distant locations to lower the cost of cultivation while ensuring increased yields.
The initiative is a youth competition on financing for development programme which is yearly organised by the World Bank Group, in collaboration with the Zicklin Centre for Business Ethics Research.
The Bank’s Senior Vice President, Mr Mahmoud Mohieldin, announced that Nigeria’s winning proposal, “Kitovu”, came tops from among 743 proposals from 118 countries, while Uganda’s proposal of “Gifted Hands” and India’s proposal of “Agratam” were adjudged first and second runner ups in this year’s competition. Mohieldin disclosed that the winners were selected through a vigorous three-stage selection process, evaluating the creativity, significance, feasibility and clarity of the proposals.
In his words:
“The competition encourages young people from around the world to develop and share their ideas for innovative approaches, through the smart use of technology as well as financing solutions, to solve development challenges. It attracts engagement from young people across the globe, with about 38 percent of submissions from Sub-Saharan Africa; 15 percent from Latin America and the Caribbean; 13 percent from South Asia; 12 percent from East Asia and the Pacific. Also, 12 percent came from North America; eight percent from Europe and two percent from the Middle East and North Africa.”
The World Bank’s Director of Strategy and Operations, Africa Region, Ms. Mamta Murthi noted that the youth remained the major stakeholders in the realisation of the 2030 Agenda for Sustainable Development and its associated Sustainable Development Goals (SDGs).
She said:
“We focus on youth for this competition because three billion people, amounting to 43 per cent of the world’s population, are under the age of 25. The world’s youth will implement the 2030 Agenda for Sustainable Development, contribute their unique solutions and shape their future and ours.”
Nigeria’s winning proposal, Kitovu, is an innovative platform and system that matches fertilizer type and quantity, improved quality seeds and other inputs to the right soil. The proposal envisions a web and mobile-based decentralised fertilizer and seedling warehousing system that matches the right inputs to different farm locations owned by small-holder farmers in distant locations to lower the cost of cultivation while ensuring increased yields.
Mr. Nwachinemere Emeka-Obewe, who initiated the winning proposal, explained that the platform sought to create market access for smallholder farmers in distant locations by using a mix of web, mobile and SMS platforms to link farmers to processors.