Uche Cecil Izuora Industry analysts have warned that Nigeria’s downstream petroleum product supply may enter the second quarter of 2026 in an unprecedented position for the first time in decades, as the global energy industry grapples with the most significant supply shock since the 1970s oil embargo. The closure of the Strait of Hormuz, which has removed approximately 20 per cent of global seaborne oil trade and sent Brent crude into a volatile $95–$120 per barrel range, would have triggered an immediate fuel import crisis for Nigeria as recently as 2024. But the successful stabilization of the Dangote Refinery…
Author: Orientalnews Staff
Uche Cecil Izuora The Coordinating Director of the Decade of Gas Secretariat, Mr. Ed Ubong, has disclosed that Nigeria’s gas production rose from approximately 6.8 billion cubic feet per day in 2023 to 7.5 billion cubic feet per day in 2025. Speaking at the Decade of Gas and World Bank Ministerial Roundtable and workshop in Abuja, Ed Ubong attributed the growth to strong collaboration among government institutions, regulators, investors, and industry players. He stated that Nigeria has reaffirmed its ambition to significantly scale up gas production and deepen regional energy cooperation, with a target of delivering up to 12…
Uche Cecil Izuora Following declining oil production due to aging oil assets, the Society of Petroleum Engineers (SPE) Port Harcourt Section 103 has concluded arrangements for a critical industry dialogue on Nigeria’s oil output challenges, as it convenes the Well Intervention Summit (WIS) 2026 from March 31 to April 1, 2026, at the Dr Obi Wali International Conference Centre. The summit comes amid mounting concerns over declining productivity from ageing oil wells, rising operational costs, and the urgent need to maximise value from existing assets in a capital-constrained environment. Speaking ahead of the event, Chairman of the…
Truecaller, a leading global platform for safe and trusted communication, has set a new global standard by surpassing 500 million users worldwide, marking a significant milestone in the company’s mission to build trust in communication. The platform continues to see significant user growth, adding over 50 million users in 2025, and has surpassed 150 million users outside of India as demand for protection against spam, scam and unwanted communication continues to grow globally. Truecaller also crossed 4 million paying subscribers globally earlier in the year, further strengthening one of its key revenue streams. Crossing the 500 million mark underscores how trust has…
As preparations ramp up for the 2027 General Election, Independent National Electoral Commission (INEC) Chairman, Prof. Joash Amupitan, SAN, has positioned procurement reform as a core pillar of the Commission’s readiness for credible, transparent polls. Speaking on Monday, at the opening of a three-day Capacity Building Workshop on Procurement for National Electoral Commissioners and INEC’s management team, Prof. Amupitan stressed the need for proactive leadership and alignment with global best practices. The event, held at the Lagos Continental Hotel in Victoria Island and hosted with the Konrad-Adenauer-Stiftung (KAS), also featured the unveiling of the revised 2027 election timetable. Declaring the…
L- R: Engr Abraham Oshadami, Executive Commissioner Technical Services, Nigerian Communications Commission (NCC)/ Board Member Universal Service Provision Fund (USPF); Chief Idris Olorunnimbe, Chairman, NCC/Vice Chairman, USPF Board; Dr. Bosun Tijani, Hon Minister of Communications, Innovation and Digital Economy/ Chairman, USPF Board; Dr. Aminu Maida, Executive Vice Chairman/ CEO, NCC; Barr. Rimini Makama, Executive Commissioner Stakeholder Management, NCC/ Board Member USPF, during the Inauguration Ceremony of USPF Board on the 27th March 2026 at the Abuja Intercontinental Hotel.
Uche Cecil Izuora The Comptroller General of Customs, Adewale Adeniyi, has commemorated the 2026 International Women’s Day with a surprise appreciation event for female officers, featuring a glowing tribute to their contributions to the development of the Nigeria Customs Service (NCS). The event, held at the Customs House in Maitama, was attended by a mammoth crowd of officers across ranks and members of the Customs Officers’ Wives Association, who were each presented with a rose in recognition of their resilience, commitment and service to the nation. Addressing officers and men, the Comptroller-General said the gathering was deliberately designed to…
Yemisi Izuora The Centre for the Promotion of Private Enterprise (CPPE), has said that recapitalisation of Banks as implemented by the Central Bank of Nigeria (CBN) has significantly strengthened the capacity of banks to absorb shocks, support large-ticket transactions and enhance financial system stability. The CPPE Chief Executive Officer (CEO) Dr. Muda Yusuf in a brief note shared with Oriental News Nigeria, commended the CBN for the successful implementation of the bank recapitalisation programme as the exercise draws to a close. This he said marks a significant milestone in the ongoing effort to strengthen the resilience, stability and capacity…
Moses Ofodeme The Movement for Credible Elections (MCE) led by Dr Usman Bugaje, Barr Femi Falana SAN, Dr Oby Ezekwesili, Comrade Ayuba Wabba, Prof Pat Utomi, Hadjia Dr Bilikisu Magoro, Amb Nkoyo Toyo among others, has slammed a major lawsuit against the Federal Government, National Assembly and Nigerian Police for violently disrupting the peaceful protests of Nigerian Citizens initiated by the MCE, which took place on 17 February, 2026 at the National Assembly Complex, Abuja It will be recalled that following the incident, involving the use of force and tear gas canisters by security agents on Nigerian citizens, who…
Uche Cecil Izuora The Commander, Materials Clearing and Inspection Office (MCIO), Nigerian Navy Apapa, Captain U.S. Akoh, and his team, paid courtesy visit to the Nigeria Customs Service, Kirikiri Lighter Terminal (KLT) Area Command, Lagos, on Thursday, 26 March 2026, to strengthen cooperation and working relations between both agencies. The visit provided an opportunity for discussions on improving collaboration in port operations, security, cargo monitoring, and information sharing within the maritime environment. Both organisations emphasized the importance of synergy among government agencies to ensure seamless trade activities and effective protection of national economic interests. During the engagement, Captain Akoh…