Uche Cecil Izuora The Organization of Petroleum Exporting Countries (OPEC ) crude production was exposed to shock as the body registered a record plunge in March as conflict in the Middle East throttled exports from key members. The Output from the organization collapsed by 7.88 million barrels a day (MMbpd) to 20.79 MMbpd in March, driven by losses in Iraq, Saudi Arabia, the United Arab Emirates and Kuwait, according to a monthly report from its secretariat. It’s the steepest drop in data going back to the 1980s. The conflict between a U.S.-Israeli alliance and Iran has shuttered the Persian…
Author: Orientalnews Staff
Uche Cecil Izuora Farmtech Integrated Services, a subsidiary of Komponents and Solutions Rack Limited is expanding energy projects that will deliver cost effective solutions in Nigeria. The firm is unveiling Sunwoda Energy Products in Lagos which include a range of advanced energy storage solutions designed to meet the growing power needs across Nigeria’s residential, commercial, and industrial sectors. The launch will feature: Residential Energy Storage Solutions – Reliable and efficient battery systems tailored for homes, enabling energy independence, backup power, and optimized solar utilization. Commercial & Industrial (C&I) Energy Storage Solutions – Scalable, high-performance systems built to support businesses with…
Tunde Bakare The Corporate Accountability and Public Participation Africa (CAPPA) has expressed concerns as it urged the Federal and Ondo State governments to take immediate action over the worsening environmental and humanitarian crisis in Abereke community of Ilaje Local Government Area of Ondo State, where recurring oil spills and ocean surges have destroyed livelihoods and submerged large parts of the area. In a statement following a field visit to the community, CAPPA described the situation as “devastating and fast deteriorating,” warning that residents are facing severe environmental degradation and growing economic hardship. “Abereke is in the throes of a…
Joseph Bakare The Nigerian Air Force (NAF) has launched investigation into reports that an airstrike on Saturday, April 11, 2026, in Jilli may have hit a local market, causing civilian casualties. The Service views all such allegations with utmost seriousness and empathy, prioritizing the protection of innocent lives in every operation. Chief of the Air Staff has ordered the immediate deployment of the Civilian Harm Accident and Investigation Cell (CHAI-Cell) to the site for a fact-finding mission.NAF reaffirms its dedication to professionalism, accountability, and transparency. It will collaborate with authorities and community leaders to uncover the facts. While the…
Joyce Onwuka The founder of PharmaPlan Systems, Dr. Remi Olukoya, has highlighted the need for greater public awareness about how everyday foods can influence the effectiveness and safety of medications, cautioning that neglecting this link could compromise treatment outcomes. Olukoya, a renowned healthcare expert, noted people often-overlooked connection between diet and medication performance, with a particular focus on African and diaspora communities. While stressing the importance of adhering to prescribed treatments, she pointed out that dietary habits play a crucial role in drug efficacy. She pointed out that in a country where over 3.8 drugs are prescribed per patient…
By Sola Adebawo Some reforms do not fail because they are economically unsound. They fail because they arrive faster than society can carry them. In policy circles, adjustment is often described as necessary correction. But outside those circles, what citizens experience is something far less elegant: transport shocks, food anxiety, household contraction, business instability, and a growing sense that sacrifice has been demanded without protection being designed. That is the danger when economic correction becomes social exposure. Nigeria’s recent reform cycle has laid this tension bare. Since 2023, the federal government has undertaken one of…
Yemisi Izuora Heirs Insurance Group, and United Capital Plc, successfully hosted the Yoga and Money Meet Up, an exclusive wellness and financial empowerment event for ambitious women. The event, which was held in Lagos, offered a curated experience combining guided yoga and stress management sessions with expert-led conversations on insurance, investment and asset protection. The event reinforced Heirs Insurance Group’s and United Capital’s commitment to making financial wellness relevant and accessible to Nigerian women. Speaking on the initiative, Ifesinachi Okoli-Okpagu, Chief Marketing Officer at Heirs Insurance Group, underscored the strong link between insurance and wellness. “Self-care is not just…
Joyce Onwuka To commemorate International Women’s Day 2026, MMELI Arts Foundation, in collaboration with Alliance Française de Lagos, has held the Women, Words and Wealth workshop in Ikoyi, bringing together women writers and creatives for an intensive focused on craft, voice and pathways to publication. Designed as a practical workshop, the programme focused on helping participants strengthen creative identity, develop a distinctive voice and navigate publishing opportunities. Sessions centred on Creative Identity, Developing Your Voice and Publishing Pathways, led by storyteller and filmmaker Phoenix Ezendu; actor, writer and filmmaker Richard Mofe- Damijo; and award-winning author and journalist Nina Anyianuka.…
Joseph Bakare The President has shared excitement with the National Executive Council (NEC), the National Working Committee (NWC), and all members of the party as Morka celebrates another year in good health. President Tinubu acknowledges the pedigree of the APC spokesman, especially as a human rights advocate who worked extensively with civil society organisations before venturing into politics, bringing his vast experience in strategic communication to properly interpret and explain the party’s manifesto. The President states that Morka, who is also the chairman of the Nigerian Television Authority (NTA), has continued to build understanding between the…
Yemisi Izuora Fitch Ratings has affirmed Nigeria’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B’ with a stable outlook, reflecting Nigeria’s large economy, a relatively developed and liquid domestic debt market, large oil and gas reserves and an improved monetary and exchange rate policy framework. Fitch, however added that Nigeria’s credit rating is constrained by weak governance indicators, high hydrocarbon dependence, high inflation, security challenges and structurally low revenue relative to peers. Ratings analysts reaffirmed that the authorities have continued to build on reforms implemented since May 2023 to restore macroeconomic stability and enhance policy credibility. Recent measures…