Author: Orientalnews Staff

Joseph Bakare The Independent Petroleum Producers Group (IPPG) and Oil Producers Trade Section (OPTS), have called for strong measures that will address challenges leading to declining oil production in Nigeria. They raised the concerns while engaging the National Assembly in the bid to stabilize Nigeria’s fluctuating oil production. One of the issues discussed at the meeting is the $1.3 billion debt owed to gas producers, which according to them is discouraging investment and industry growth. This collaborative initiative came to the fore at the capacity building workshop organised by the two operator-groups in the country’s upstream sector for members…

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Richard Ginika Izuora The United Arab Emirates (UAE), has said it raise its oil output next year as it has won a higher quota under the OPEC+ agreement. The UAE is Organization of Petroleum Exporting Countries, OPEC’s third-largest producer after Saudi Arabia and Iraq. The country said in the summer that it would not join the Saudis in making voluntary production cuts. The UAE has argued for years that it should be allowed to pump more than its current OPEC+ quota as it is raising its production capacity. At the June meeting, the UAE got a huge concession from OPEC+…

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Yemisi Izuora The Government of German is planning to invest 4 billion euros ($4.37 billion) in African green energy projects until 2030. This according to Chancellor Olaf Scholz is to help countries in Africa benefit more from their wealth of raw materials. Scholz discussed the pledge at a news conference on the G20 Compact with Africa summit taking place in Berlin, but did not mention any specific projects but said the materials used in green energy should be processed in the African nations they come from. Meanwhile, President Bola Tinubu separately met with Olaf Scholz on the sidelines of the…

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Yemisi Izuora The Nigerian National Petroleum Company (NNPC) Ltd. emerged the 2023 Best Innovative Company of the Year at the just concluded 41st Nigerian Association of Petroleum Explorationists (NAPE) Annual International Conference & Exhibition. The award, which was in recognition of the outstanding performance of NNPC Ltd., was presented to the Company at the closing ceremony of the Association’s 2023 Conference & Exhibition, held at the Eko Hotel, in Lagos, on Thursday. Speaking shortly after receiving the award, on behalf of NNPC Ltd., Martina Atuchi, Executive Director, Business Services, NNPC EnSERV, said that the award would…

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    Yemisi Izuora  P+ Measurement Services, a leading media intelligence consultancy, proudly announces its seventh consecutive year hosting the prestigious AMEC Measurement Month. This year’s highly anticipated event will delve into the critical theme of “Influencer Marketing and PR: Analyzing the Role of Influencers in Modern PR and Measuring Their Impact.” Scheduled to take place virtually on November 24th, 2023, from 12 PM to 2 PM Nigeria time, via Zoom, the event aims to provide invaluable insights into the evolving landscape of PR, communications, and media intelligence. Tailored for professionals seeking deeper understanding and mastery in this field, the event promises an…

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Yemisi Izuora The Executive Vice Chairman/Chief Executive Officer, EVC/CEO, of the Nigerian Communications Commission (NCC), Dr. Aminu Maida has demanded improved quality service in the telecommunications sector, stressing that profound and unhindered services is non-negotiable. He therefore called for industry wide collaboration to make this a reality. Maida, who spoke in Lagos at an interactive session with Chief Executive Officers, CEOs in the industry assured of collaborations within the industry and commitment to transparency in the telecom ecosystem. He urged them to appreciate that they have a very important role to play in an industry to consolidate on the achievements…

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Joseph Bakare The Nigerian Air Force (NAF) Aircraft under Operation Whirl Punch (OPWP) have sustained air strikes against terrorists operating in the Northwest and North central Region of the Country. The latest strike has led to the decimation of several terrorist elements at Tsauni Doka at Igabi Local Government Area of Kaduna State. The strikes became necessary following credible intelligence revealed the presence of terrorist kingpin known as Boderi and his foot soldiers at Tsauni Doka. Subsequently, air strikes were carried out on the location in the early hours of 16 November 2023, with devastating consequences on the terrorists.…

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Yemisi Izuora The Kwara State Government has reaffirmed that innovation is the bedrock of sustainable development to handle the present global economic realities and enjoined Enterpreneurs to showcase the tremendous potentials of the entrepreneurial ecosystem so as to collaborate with one another as well as share the experiences with the world. The State Commissioner for Ministry of Business, Innovation and Technology, Hon. Damilola Yusuf Adelodun, stated this at the Global Entrepreneurship Week with the theme: “Entrepreneurs Thrive Here”, which was organised by Lifefount Foundation & Partners, held at the Micheal Imodu National Institute of Labour Studies, Ilorin, the State capital.…

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Yemisi Izuora Minister of Industry, Trade, and Investment, Doris Uzoka-Anite has implored the Institute of Directors (IoD) and other stakeholders in the business community to work to promote a culture of good governance that will help build a diversified and resilient economy that benefits all Nigerians. Speaking on “Driving Nigeria’s Economic Transformation and Diversification Through Corporate Governance” at the 2023 Annual Directors Conference in Abuja, the minister reminded the institute of its role in promoting good corporate governance practices in the country. “As directors, we must lead by example and uphold the highest standards of ethical behaviour and…

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Yemisi Izuora Polaris Bank, in partnership with Eventful Limited is set to host the 2023 season end edition of The Fashion Souk 9.0 scheduled to hold at the Harbour Point, Victoria Island, Lagos on Saturday, December 2nd and Sunday, December 3rd. The Fashion Souk is Nigeria’s premier marketplace where smart Small and Medium-sized Enterprises (SMEs) in the fashion industry gather to display and market their diverse goods and services to a large audience. With its extensive collection of fashion-related SMEs, The Fashion Souk stands as the largest congregation of such businesses in Nigeria to date. The event will primarily focus on four…

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