Imperial Info Nigeria

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U.S. trade deficit drops to 11-Month low The United States trade deficit fell in November to the lowest level in 11 months as crude oil imports dropped to a two-decade low. The trade deficit narrowed to $39 billion in November, down 7.7 percent from a revised October deficit of $42.2 billion, the Commerce Department said on Wednesday. United States exports slipped 1 percent to $196.4 billion as sales of commercial airliners fell. Imports dropped even faster, falling 2.2 percent to $235.4 billion, which was primarily a reflection of foreign oil declines. The volume of crude oil imported in November hit its lowest level since 1994, while the average price dropped to a two-year low. The United States trade deficit is being helped by falling global oil prices and a boom in American energy production, which has decreased the country’s reliance on imports. The November deficit was the lowest since a trade gap of $37.4 billion in December 2013. Through the first 11 months of 2014, the defi...

Niger Delta Stakeholders target Agriculture Stakeholders from nine states in the Niger Delta region have deliberated on the need to urgently shift focus on oil production to the agricultural sector. At a workshop in Calabar organized by the Foundation for Partnership Initiatives in the Niger Delta with the theme: Unlocking Investment Opportunities in Agriculture in the Niger Delta for Regional Competitiveness, the Cross River State Commissioner for Agriculture and Natural Resources, Mr James Aniyom, said 44.2 per cent of jobs in the Niger Delta region were created by the agricultural sector. The workshop was organized for stakeholders from the region in Calabar. He said the sector could be said to be the cornerstone of the region’s economy. The commissioner said, “Most people in the Niger Delta are employed in the agricultural sector and these include farming, forestry and the fish industry. “The agricultural sector employs at least 44.2 per cent of the population of the region. So, th...

Chevron Encourages Collaboration for Economic Growth in Niger Delta Chevron Nigeria Limited (CNL), operator of the NNPC/Chevron Joint Venture has reiterated the importance of partnership to the growth of business in the Niger Delta area of Nigeria. Clay Neff, Chairman and Managing Director of CNL made the comment recently in Washington at the maiden Niger-Delta Development Forum (NDDF) hosted by the Niger Delta Partnership Initiatives (NDPI), a Chevron-supported foundation working to develop new solutions to economic and social challenges in the Niger Delta. Speaking during a panel discussion on the topic – Partnering to Grow Business in the Niger Delta moderated by the Vice President of the Corporate Council on Africa (CCA), Amb. Robert Perry (rtd.), Neff stressed the importance of partnership between the public and private sectors for the growth of business in the Niger Delta on Nigeria. According to him, such a partnership must be mutually beneficial and should entail extensive dial...

Shell appoints new board chairman The board of directors of Royal Dutch Shell on Thursday announced the appointment of Charles Holliday as its new chairman. A statement from the Group said Mr. Holliday’s appointment takes immediate effect from the conclusion of the 2015 Annual General Meeting. The company said however that the appointment was subject to his re-appointment as a Director of the Company by shareholders at the AGM. Mr. Holliday will succeed Jorma Ollila who is stepping down from the Board with effect from the conclusion of the 2015 AGM having served as Chairman for nine years. Mr. Holliday, who was appointed as a Non-executive Director of the Shell Group with effect from September 2010, is currently Chairman of the Corporate and Social Responsibility Committee and Member of the Remuneration Committee. He was Chief Executive Officer of DuPont from 1998 to 2009, and Chairman from 1999 to 2009. A member of the Board of Directors of Bank of America Corporation, Mr. Holliday ha...

Current Business Trends: Stronger Growth Returns Grand Rapids - The greater Grand The greater Grand Rapids industrial economy experienced stronger growth in April, according to the results of a monthly survey compiled by Brian G. Long, director of Supply Management Research in the Seidman College of Business at Grand Valley State University. The survey results are based on data collected during the last two weeks of April. The survey’s index of business improvement, called new orders, bounced to +40, up from +27. The production index posted a more modest gain, and rose to +28 from +23. The employment index remained in double digit growth but backtracked to +13 from +19. The index of purchases was unchanged at +19. “Our stronger statistics mean that there are no segments that are doing poorly, although there are exceptions within each group,” said Long. “Automotive parts suppliers remain strong, although a couple firms backtracked because of the particular co...

Davenport University students excel at Business  Professionals of America National Competition Over 5,000 students from 20 states participated in the Business Professionals of America’s (BPA) 48th annual National Leadership Conference in Indianapolis, Indiana from April 30 – May 4, 2014. Forty three students from Davenport University’s W.A. Lettinga, Holland, and Kalamazoo campuses qualified and represented the university at the conference. DU students received 13 1st place awards and 90 top ten finishes. Over the last 6 years, DU students have earned 1st place awards in 63 National events, which is an all-time BPA record. “We are extremely proud of our students’ outstanding achievements at the National Leadership Conference,” said Ron Draayer, Davenport University Faculty Member and BPA Advisor. “Our Davenport students continue to win more awards than any other college or university in the nation, helping them to become better prepared for successful career...