Company news

Pension Fund Assets Rise To N7.3trn

The nation’s pension assets gained a whopping N1.2 trillion in the last 12 months, shooting up the pension funds from N6.1 trillion in December 2016 to N7.3 trillion as at the end of November 2017, LEADERSHIP findings has revealed. This means that the pension fund grew by 16 per cent in the last one year, a growth that has been applauded by market observers. From N6.1trillion the pension assets stood at in December 2016, it soared to N6.25 trillion in January 2017, moved to N6.29 trillion in February, leaped to N6.41 trillion in March and grew to N6.49 trillion in April 2017. By May 2017, the pension assets had risen to N6.72 trillion; it jumped to N6.83 trillion in June, soared to N6.94 trillion in July, increased to N7.09 trillion in August, and in September, it stood at N7.16 trillion. ...Read More

Pay N499bn On Income Tax Expenses

A total of seven Systematic Importance Banks (SIBs) of the Central Bank of Nigeria (CBN) have paid N499 billion on income tax expenses between 2011 and 2016, information gathered by LEADERSHIP has revealed. Financial institutions under the category of SIB include Zenith Bank Plc, Access Bank Plc, Guaranty Trust Bank Plc (GTBank), parent company of FBN Limited, FBN Holdings, United Bank For Africa Plc (UBA), Ecobank Nigeria (Ecobank Transnational Incorporated) and Diamond Bank Plc. According to findings by LEADERSHIP, the above financial institutions in six years under consideration have reported an estimated N2.6 trillion profit before tax as a result of Assets Management Corporation of Nigeria (AMCON) acquisition of their non-performing loans (NPLs) and prudent management of customers’ de...Read More

Africa’s Largest Syringe Factory Commissioned In Akwa Ibom

In Nigeria Vice President Yemi Osinbajo yesterday commissioned the N15billion Jubilee Syringe company in Onne local government area of Akwa Ibom State, saying the factory will improve the health care delivery of Nigerians. According to the VP, the federal government will support the state in ensuring that the over 400 capacity of the factory are increased to one million. Jubilee Syringe Manufacturing Company is N15billion ($35million) syringe manufacturing company which sits on a 40,000-square meter (sqm) land area in Onna local government of Akwa Ibom State. The estimated 350 to 400 million syringes production per annum far overshoots that of a company in South Africa which has a production capacity of 93 million, thereby making Jubilee Syringe the largest syringe manufacturing company on...Read More

Why Nigerians Should Invest In SUKUK – CBN

The Central Bank of Nigeria (CBN) has urged Nigerians to take advantage of the introduction of sovereign SUKUK offer by the federal government, saying it is geared towards infrastructural development and worthwhile investment. Speaking at a one-day investors’ forum organised by the Debt Management Office (DMO) in Kaduna on Thursday, CBN’s deputy director of Financial Markets Department, Mr. Demenongu Yanfa, assured participants at the forum of the apex bank’s commitment to the smooth running of SUKUK. According to Yanfa: “The world is looking for new areas of investment. As of today, South Africa, Malaysia and some other countries of the world have embraced SUKUK to fund some of the construction and rehabilitation of key sectors of their economies.” Director General of DMO, Ms. Patie...Read More

Publiseer Book and Music Publishing – A Yhame! Review

Okoli David U. “Where could I get this book published?” I wondered After awhile, I had forgotten about this until, recently at a social media group meant for authors and writers, I came across a short piece stating, or morelike, advertising the various services of a certain publishing firm and, “there;” I knew I got it. I contacted, we started talking and I have never looked back ever since. Publiseer is a publishing house that sprang up to address the need for Nigerians and more people to get their works (books, music and more…) published, marketed and sold online at no heavy costs to the author, infact all services are Free to the author. Publiseer prides itself in being one of the few internet  service providers that provides this kind of solution in Nigeri...Read More

How Tech Companies Can Change Nigeria Forever

Submitted By Isoko Walter Jnr The Smart Cities Nigeria 2017 Conference held at the Congress Hall, Transcorp Hilton Hotel Abuja, Nigeria on the 8th and 9th of August, provided a common forum for Tech CEOs & stakeholders in Nigeria to discuss and deliberate some of the most challenging issues and upcoming technologies towards the development of smart cities in Nigeria. The conference which was to the cheer and glare of dignified personalities in Nigeria, identified solutions, made proposals and developed key innovations towards the establishment of smart cities in Nigeria. Meanwhile, here is a list of Tech companies that can support the innovations of smart-cities that will positively impact the style of living and doing business for everyone. 1) Edgebase Technologies Limited Edgebase te...Read More

The cheapest way to build a website for your business

Submitted By Isoko Walter Jnr Questions about website design cost are common online, but very few people are prepared to answer, even when it comes to professional web design prices. For this article, a team of professional web designers, developers, and SEO specialists have worked together to examine some of the most important factors that go into a web design quote. These include historical website development costs, as well as web design costs for different components . The data also includes current website features and design costs. A website can cost anywhere from $500 to $15,000 so it can really be a challenge to nail down a specific professional website cost. We did lot of researches on tech/IT solutions provider companies in the world, we found alot of companies doing great but th...Read More

Firm to unveil electric cars in Nigeria

In Nigeria An indigenous firm, Nigus Enfinity  is set to introduce Electric Vehicles (EVs) into the Nigerian automobile market from 2018 just as it plans the first local assembly plant for EVs in 2020. The chairman of the firm Prince Malik noted that Nigeria and Africa needed to look inward to be at the fore of the automotive revolution or they may become waste bin for the phased-out combustion-driven vehicles. Malik, the first African to lead the Formula 1 Team global race car competition in 1999 said his firm which is building 100 megawatts (mw) solar power plant in Katsina and another in Adamawa state has also partnered with Chinese auto giant, BYD (Build Your Dreams) to bring EVs massively into Nigeria at affordable costs form 2018.

Woman Gets Court Order For Cancer

Los Angeles Jury Orders Johnson & Johnson To Pay $417M To Woman Who Blames Talc Powder For Her Cancer Eva Echeverria, 63, of Los Angeles, claimed the company failed to warn consumers about cancer risks.

SWIFT DELIVERY — ORDER FROM YOUR FAVORITE RESTAURANTS IN ENUGU AND SOUTH-EAST NIGERIA

In Nigeria SWIFT Delivery is an online food delivery service that connects users to restaurants. SWIFT Delivery, Identifies the need for a simple and swift solution to order takeaway food online, in south-eastern Nigeria, beginning from Enugu state, Nigeria. Thus, claiming to be the only food delivery service found in the southern part of Nigeria presently. Customers can order breakfast, lunch or dinner from their favourite restaurants on the platform. HOW SWIFT DELIVERY WORKS Users can log into the website or mobile app, and choose their city/area.  Then from a pop-up list of random restaurants in the area, customers can choose their preferred, browse through the menu and place orders. Just like several eCommerce platforms, SWIFT Delivery also operates the Pay on Delivery (PoD) Model. To ...Read More

COMPANY NEWS: Jon Farrell has been promoted at SRC

Jon Farrell has been named director, business development for the electronic warfare division at SRC, Inc. Most recently, he held the position of manager in the electronic warfare product engineering group. Farrell has been with the company for twelve years and had previous roles of chief engineer, engineering project manager and lead systems engineer. He holds a master’s and bachelor’s degree in electrical engineering from the University of Dayton (Ohio). Culled from www.syracuse.com

COMPANY NEWS: Van Henderson joined SRC as director of business development

Van Henderson joins SRC, Inc as director, business development for the technical services division.   He has over 35 years of experience having worked for a variety of large firms in similar technology areas. Henderson holds a master’s degree in educational media and a bachelor’s degree in political science from Virginia State University. He also obtained post graduate work and various other certification programs at the Universities of Michigan, Oklahoma, and Pennsylvania. culled from www.syracuse.com

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