Yemisi Izuora The Senate Committee on Banking, Insurance and other Financial Institutions, on Tuesday in Abuja, screened the former Director-General of the Securities and Exchange Commission (SEC) and current Deputy Governor of the Central Bank of Nigeria (CBN), Mr. Lamido Yuguda, as Chairman of the Board of the Asset Management Corporation of Nigeria (AMCON). Oriental News Nigeria, reports that President Bola Ahmed Tinubu GCFR had nominated Lamido Yuguda Abubakar to serve as the new Chairman of the Board of the Asset Management Corporation of Nigeria (AMCON). He takes over from Mr Bala Mohammed Bello. The President, in his letter…
Author: Orientalnews Staff
Moses Ofodeme A Media and Public Affairs Consultant, Kunle Odusola-Stevenson, has drawn the attention of Ondo State Government to the recent developments around Obe Apata, located along the Ilaje–Ese-Odo boundary which has heightened concerns over a situation that, if left unattended, could undermine the peace and stability of the riverine communities. According to Odusola-Stevenson, While disagreements over history, identity and territorial claims are not new, the emerging tension surrounding the proposed establishment of a government security outpost calls for calm, restraint and decisive leadership. Obe Apata holds deep historical and cultural significance for the Ugbo Kingdom and for the…
Yemisi Izuora Chairman of Fidelity Bank Plc, Mrs. Amaka Onwughalu, has been honoured as Woman of the Year at the 5th Edition of the Anambra Man of the Year Awards (AMTY) in recognition of her outstanding contributions to Nigeria’s banking industry, corporate governance, leadership and service to society. The award ceremony, held at the Stanel Dome Conference Centre, Awka, Anambra State brought together distinguished business leaders, academics, captains of industry and public figures to celebrate individuals and institutions whose achievements continue to shape business, governance, academia, public service and community development. The event was chaired by Prof. Joe Ezigbo,…
Joseph Bakare Nigeria has successfully concluded an eight months oil bid exercise aimed at improving oil production through oil field auctioning. At the end of the exercise thirty-one companies emerged winners of 37 oil and gas blocks offered by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) under the 2025 Licensing Round. The development is expected to support Nigeria’s ambitious plans to increase crude oil production and significantly expand its hydrocarbon reserves. The conclusion of the commercial bid conference, in Abuja, further marked the culmination of an eight month process that attracted about 300 expressions of interest at inception before…
Yemisi Izuora The International Monetary Fund (IMF) has identified artificial intelligence as key to boosting Sub-Saharan Africa’s economy by about 4 per cent over the next decade with better electricity supply, internet access and digital skills. The IMF indicated this in a paper on Tuesday in which it noted that without such reforms the growth dividend could be negligible. As countries and companies race to secure AI’s economic benefits, investment in data centres, energy infrastructure and digital networks is surging worldwide. But Sub-Saharan Africa, which ranks lowest on the IMF’s AI Preparedness Index, risks capturing only a fraction of the…
Uche Cecil Izuora The media in Nigeria have been urged to deepen expertise through continuous learning, adopt investigative and data-driven reporting, and leverage innovation, while cautioning against overreliance on AI, in order to deliver credible and impactful journalism. These were the key talking points delivered by speakers at the Chevron Media Capacity Building Training for members of the Association of Energy Correspondents of Nigeria (NAEC), in Lagos. Mr. Olusoga Oduselu, General Manager, Corporate Affairs of Chevron Nigeria Limited, who was represented by Dr. Victor Anyaegbudike, Manager/Chief Communications Officer, in his presentation emphasized the importance of media capacity development in…
Uche Cecil Izuora The African Energy Chamber (AEC) has called on international operators, investors and technology providers to expand their presence in Venezuela as the country advances reforms aimed at reopening its oil and gas sector and attracting new upstream investment. The organization said Venezuela’s regulatory changes, including reduced fiscal burdens, expanded production-sharing mechanisms, stronger arbitration protections and increased operational control for foreign operators, are intended to accelerate redevelopment of the country’s hydrocarbon resources. Home to more than 300 billion barrels (Bbbl) of proven oil reserves and an estimated 195 trillion cubic feet (Tcf) of natural gas, Venezuela is targeting a phased increase…
Uche Cecil Izuora The International Energy Agency (IEA), has observed manageable market conditions which is sustained by alternative supply routes, higher exports from producers outside the Gulf and coordinated emergency stock releases. According to the Agency, these have helped keep crude markets supplied, as escalating hostilities affecting the Strait of Hormuz and regional energy infrastructure continue to raise concerns about global energy security. In a statement Tuesday, IEA Executive Director Fatih Birol said the conflict has increased uncertainty over the market outlook while renewed threats to the Bab el-Mandeb Strait have added to supply concerns by jeopardizing an increasingly important alternative shipping…
Rural Electrification Agency (REA) Managing Director Dr. Abba Aliyu has praised the appointment of former Ekiti State Governor Ayo Fayose, alongside Alhaji Ahmadu Abubakar and Engineer Ilyasu Ibrahim Makinta, to the agency’s governing board. The appointments were announced on monday by Bayo Onanuga, Special Adviser to the President on Information and Strategy, as part of a broader wave of 26 appointments across 10 federal agencies and commissions. Under the new board structure, Fayose will serve as Chairman of the REA Board, while Abubakar and Makinta join as non-executive directors. Dr. Aliyu, the agency’s Director-General, along with three previously appointed…
Yemisi Izuora The Securities and Exchange Commission (SEC) has granted fresh approvals to three companies within the BGL Group. This authorises them to resume operations across key segments of the Nigerian capital market. The approvals, contained in separate letters issued by the Commission, covering BGL Securities Limited, BGL Capital Limited and BGL Asset Management Limited, allowing the firms to operate respectively as Broker/Dealer, Issuing House, and Fund/Portfolio Manager. The development signals the companies’ return to active participation in Nigeria’s capital market following the completion of regulatory registration processes and compliance requirements stipulated by the Commission. In a letter signed by…