DAILY TRUST
Friday, June 29, 201 2
21
Business UBA.· United Ba n k (or Africa
Nigeria, Russia commence nuclear power programme p ·o
e-Product News
nwnslrnm gOO ofhis administnllOfl. NI G ERlA Old Russian halle commenca: implementation of a nuclear power !:cn.:mllon IgrrtmclII signed thrH: (ell S ago. !.he: Chainnan. Ni~1'Uo Alt mK Energy Commission, Or Frallt.li I F_ ()glosai. said yater-
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as
The "Cement, signed in June 2009, j .. to fKiJitale cooperation on
the d.e-.do ;IJllent of nucleaf energy for pniefl; I rurpost:S. Dr ~losaJ Slid lbal currcnl.ly. m,MiahlleS .~ being de:~loped to J'lI'Hyd-e:af rft'mmuand prucccd with
IhMr in lpH! R.' fllalion. Thl-· is " ' mmg Just ;u President Ci<)odhck ,. >OlIIlfum said generalIng pol ~et
h"OUghnuclcull:m.ainsa
Ccmmissionins the N650 million worth Nuclear R.e:Rarchcrs' Ilostd at Sheda nar Abuj;a. lonathan. rep~ serued by Vice: President Namadl Samba said Nigeria is commiued to generaling power using nuclear but called (arcaution in the implementllion of the programme.
He said the agency hu BOne far in pannering with other counlnes. that dNdoped capabilities and compeImcle5 In nuckar powtt industry and opcntiOD.l. Osaiosal said the IJllIIJOf c:ha11enge facing 1M proi«t is fundlng.and calkod on the fakn.J gmnmnmt tocorne 10 tOOr aid in order to mcd the tugrud time. Nigma tw been consistently
enjoying support from the international Atomic Energy Agertl;)' (lAEA) and other developing partners. Jonathan commend the commission (or the progn:ss made' in tlle' implementation of the roadmap for nuckar genmuion. .J am pleased that our national nuckar powa pr0gramme continues 10 enjoy the confidence of dn'dopmmt partners and lAEA ,~ he said. He urzed the agency to ~ and Implement mechanism (or national, regional and international nuclear emerzency prepa.redness Cilpabllili" 10 avoid any unforeseen drcumstances.. Nigerian tarzets 1,000 megawatts of electricity by the year 2020 and plans to increase It to 4,000 by 2030.
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Ashakacem declares N21 bn turnover in Gombc lhat the b()ard has approved the paymenl of
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-4oltobo dividend on each ordinary share 10 shueholders,
ASHAKA ment CompallyytSterdaydeclared N20.780 billion gM'i.'I turnover for the finandai year ending Decenlbet 21111 compared to N 19. 154 billion it declared in 201 B. Tht. co npany also declared N).6 billion profit after tlutkm l:lor the year, representing 19 percenl incrcasc from 1\).0)5 billion declared previolUly. Cb.....imtan of the company Albaji Umaru Kwamanga said at tbe o lmpany"s Annual General Merting (AGM)
representing an increase of)) percent from the previ. ousynr Managing director of the company Mr Neeraj Akhoury said the company will soon start il5 expansion drive of 1.3 milion ton" capacity target.. He said the company has apendcd NI75 million on its host communities 15 pan of ils corporate social responsibUitr and assured of their resolve to commit more on eduCiltion, health and basic infrastructure
Did You Know? Cust o m e r s ca n u se any b a nk ca r d to pay yo u _ Yo ur money g oes st r aight in t o you r b a nk account
Agric company assists Bauchi farmer~ with seed s, training AN
~. "Ultural company. Olam
Nigeri~ d has signed a memorandum ofu Jtntandlng with Ute Bauchi State Agr cullural Development Programme , ~·ilh the aim of boosting St:saJt1e 11 rrning and improving the productiJ n of the crop in the state, the (elllp U'l y5 manager, Mr, Adamu
lkllo. h~ J;l I d. tot. 81' k , who spoke to Journalisls
in Kano, disclosed th~t the cumpany h.uconlinued ils programme In which farmers are assisted with fertiJ!ur, herbicides and pe:stiCides nn loan to be re-paid at the end of the han"t'S1 period. He said tllal about a hundred farmers ha\""!! beoefilled from the out· grower programme, while 1,000 oth· ers have benefited from the free ses· ame.seeds distribution across 1M stale. ~A four kllogramme Ng oC Improved sesame seeds for free have
Yo u c a n s ee d e t a il s of a ll your paym e nt onlin e
been distributed to each farmer and each of the four kllogramme bags coven olle h«lare of land, which mtansthe 1,000 fumen thai benefitled would cover 1,000 hectares in the stale;' he said. He uld that the company has also spollsored a training programme for farmers to acquire skills in modem method oC sesame farming in collaboration with the UmtedStates Agency for International ~Iopmmt. F_ ' uO"th<t"O" enqu l r1~s pl~._ con\1OC1 U SA CUftOfnet" Intetllctton CentTe (CtC)
African companies hub of world economy - NSE
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Tel: +Ot -::lao8-U8A
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2 808 822).
+ 2.34-7DO--CAL L- UBA (0700 22.SS ~ ~ bIt9roup.. _ rn
Also spealting at the ceremony
was vice chairman ABN 360 Group. THE
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Executive OffICer of the Nigen an ·; t·Jd Exchange ( NSE), Mr.
""" B')'t·m., tw described. Afri(;In c· , l ies as tht hub of world '11
""", ·m ~ tllade this known during I he OiIC'1 ' 1I ~ presentation of Forbes Afnc.t 10 I lIsted West African Comranies At 'ilrds ctrrmony in Lagos 011 Tuesday IlliJlL H ad "All 100 onen the IiSl! of thewl,,1 hweoverlooked IhesucctsS of Afr .\ ~"Ompanie$. Night like this lhow, hdw ;uccessful African companics are)n the progress of the world
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Mr. Raker.b. Wahl, panni company of CNBCAfria., forbesAfricaand ABN Pmduruoru.. JI,"ir. Wahi gjd; -I am delighted to host th~ aVi,mis in Lagos which Is thecommerdaJ ca.pitalof Afria'ssecond largest economy. We havl:. five )'CaI history of anaiyslng and ,,"ponIng economk and commercial data on the continent, and now believe we are in • unique position to besin celebrating the success of African companies and business Ielde'rs who have performed aceedingly well despite tht: economic crisis. -rbe:sc awards will be the most
• USA House. 5 7 Marina (6th P.o. .... 55.5 1. Utgos
sough! after on the continmt espedally bttause of tht: bn.nds associated with them and the high I~ of diligence and integrity connected with themHe concluded the event by congratulating Mr. A11ko Dangote and Dangote Group for winning the.ward for the top West African company. The Forbes Mrla. top listed W~ African Companies Is. ctlebl1ltion of the success of risk takers and job ere,,· tOI"$. It is an imponanl initiative that alms to encourage such organlsatiom 10 strive ror llUtained ~d1enl:e and also promote thdr profil" not only in their home countries but around the world.
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