Yemisi Izuora Keystone Bank Limited has handed over a renovated and fully equipped Sick Bay to Dodan Barracks Primary School, Obalende, Lagos to manage remote health challenges of the students. Speaking on the lender’s passion for investment in the education sector at the commissioning ceremony, the Divisional Head, Marketing & Corporate Communications of Keystone Bank, Omobolanle Osotule, said the intervention is aimed at supporting the school to further improve the learning and teaching environment, thereby raising the standard of education in the country. Osotule said: “As a bank that is committed to the development of Nigerian youths, Keystone Bank recognises…
Author: Orientalnews Staff
…To Begin Tour Of The Zone Yemisi Izuora In what seems a reconciliatory move President Muhamadu Buhari is to undertake a tour of Southeast states, Imo State Governor Rochas Okorocah has hinted. According to him, how to warm Buhari into the hearts of South easterners was one of the reasons he visited the President at the Villa. Okorocha is the only governor elected on the platform of the All Progressives Congress (APC) in the region where the President scored the least vote in the 2015 election. Okorocha said there is the need for Mr President to come to…
Yemisi Izuora The Nigeria Union of Journalists, NUJ, has reminded the government that journalists under the law should be given protection in the discharge of their professional obligations. The Union made the demand as it joined millions of stakeholders across the world in observing November 2, as International Day to End Impunity against Journalists. In observing this day, it is pertinent to note that acts of violence against journalists and media equipment are not only a crime, but also serious threats to press freedom and by implication to democracy the NUJ said in a statement. According to the statement, the…
Yemisi Izuora The Vice President, Prof. Yemi Osinbajo has stressed the need for Nigeria to use its oil wealth prepare for a durable future when the world no longer runs on fossil fuels.. He spoke at the 55th anniversary of the Oil Producers Trade Section of the Lagos Chamber of Commerce and Industry (LCCI) in Lagos,where he also said Nigeria must develop renewable energy and help other businesses flourish to adjust to the reality of the dwindling significance of fossil fuels. Oil-rich countries, like Nigeria, he stated have an obligation to prepare for a destiny that may well be beyond…
Yemisi Izuora The Federal Government has confirmed that the United Kingdom has returned $85 million as part of the stolen funds from the Malabu $1.1 billion oil deal. It also said that negotiation with Switzerland on the return of $321 million recovered from the late Sani Abacha family had been concluded. It stressed that with the conclusion of negotiation, the Memorandum of Understanding will be signed by parties at the Global Forum on Assets Recovery meeting coming up from December 4 – 6, 2017 in Washington and that the repatriation would follow within weeks as agreed by the parties. Abubakar Malami, Attorney…
Yemisi Izuora Oil prices inched up in early Asian trading today with Brent continuing to hover near its highest in 27 months, buoyed by comments from Saudi Arabia’s Crown Prince backing the extension of OPEC-led output cuts. International benchmark Brent crude futures were up 9 cents at $59.39 a barrel 0.15 percent, from their last close, the highest close since July 3, 2015. U.S. West Texas Intermediate (WTI) crude futures were up 4 cents, or 0.08 percent, at $52.68 per barrel. Saudi Arabia’s Crown Prince Mohammad bin Salman told Reuters on Thursday that the kingdom would support the extending the output cut…
Yemisi Izuora The current period of climate changemay be unparalleled over the last 100 million years, warn scientists who discovered a flaw in the way past ocean temperatures have been estimated up to now. According to the methodology widely used by the scientific community, the temperature of the ocean depths and that of the surface of the polar ocean 100 million years ago were around 15 degrees higher than current readings. However, researchers, including those from the French National Center for Scientific Research (CNRS), have found that ocean temperatures may, in fact, have remained relatively stable throughout this period,…
Yemisi Izuora Oando PLC’s Official Statement on the Securities and Exchange Commission’s Alleged Findings following their Investigation of the Company and their Penalties / Implications Lagos, October 24, 2017 On October 18, 2017 the SEC issued a public notice stating amongst others that it had: Issued a directive to the Nigerian Stock Exchange (NSE) for a full suspension in the trading of Oando shares for a period of forty-eight hours followed by a technical suspension until further directed and; Announced that a forensic audit into the affairs of the Company be conducted by a team of independent professional firms Oando is…
Yemisi Izuora Royal Exchange Plc, is set to unlock new growth potentials that will increase consumer value and better returns on investment to its teaming shareholders. The company with interest in general insurance, life insurance, asset management, healthcare as well as micro finance banking is taking advantage of synergies, as a financial conglomerate in its new drive for growth. This is going to be supported with a new inroad into agric insurance, the country’s new expanding goldmine, having secured approval to underwrite agric-business from the National Insurance Commission (NAICOM). Speaking to shareholders at its 48th Annual General Meeting in Kano, Mr.…
Yemisi Izuora Twenty three outstanding insurance and pension operators as well as the insurance and Pension regulators won the 2017 National Association of Insurance and Pension Correspondents(NAIPCO) Awards for their outstanding performance in their respective sectors. At the 2nd NAIPCO National Conference, which took place in Lagos yesterday, the National Insurance Commission (NAICOM), National Pension Commission (PenCom) and Pension Transitional Arrangement Directorate(PTAD) were given recognition Awards for discharging their duties creditably well, while the Recognition Award for the Best Insurance and Pension Consumer of the year went to Lagos State Government. Prof. Joe Irukwu, Mr. Fola Daniel and Lady Prisca…