Yemisi Izuora The Nigerian National Petroleum Company Limited (NNPC) has offered to forgo its petrol retail profit margin and sell to Nigerians at cost to cushion the impact of global crude oil price shocks and volatility on vulnerable households. NNPC Retail, which already sells petrol at the lowest price in the market, will offer this new deal within the next 30 days. This means if NNPC’s landing cost is N1300, it will sell fuel to Nigerians, especially commercial vehicles, at the same price. The company’s discount gesture, backed by President Bola Ahmed Tinubu, was among the…
Author: Orientalnews Staff
Ken Okeke The Federal Airports Authority of Nigeria (FAAN) wishes to inform passengers, airlines and the public of the proposed temporary closure of the runway at Sam Mbakwe International Cargo Airport, Owerri, for essential repairs and resurfacing works. The closure is tentatively scheduled to commence on 20 October 2026, for approximately 25 days, subject to final confirmation. The planned intervention has become necessary due to the deterioration of sections of the runway, including potholes and extensive surface cracking, which have been further aggravated by recent heavy rainfall. The rehabilitation works will include pavement repairs, crack treatment…
Yemisi Izuora Gender equality advocate and the Creative Director, Gender Agenda, Dr. Adaora Onyechere Sydney-Jack, has made a strong case for a significant increase in the inclusion of women into Nigeria’s-male dominated electoral process from what she described as ‘performative inclusion’. Adaora Onyechere Sydney-Jack, who doubles as the Founder of the WEWE Network Afrique spoke during the panel session of the 10th Annual Conference of the Guild of Corporate Online Publishers GOCOP, held at the Radisson Blu Hotel, GRA, Ikeja, Lagos, October 7-8, 2026, with the theme: “2027 Elections: Trust, Transparency and Shared Responsibilities”. While speaking generally on elections…
Uche Cecil Izuora The Nigerian Navy has uncovered about 40,000 litres of substance suspected to be crude oil in a large dugout reservoir during an anti-crude oil theft operation in the Oteghele general area of Delta State. The discovery was made by Nigerian Navy Ship DELTA (NNS DELTA) on 7 October 2026, following credible intelligence on suspected crude oil theft and related illicit activities within its Area of Operations. The recovered crude oil and the dugout reservoir were subsequently handled in accordance with established procedures. The latest operation adds to recent discoveries by NNS DELTA in the Oteghele area,…
Yemisi Izuora The Chairman of the 10th Annual Conference of the Guild of Corporate Online Publishers (GOCOP), Dr Olisa Agbakoba, SAN, has urged the media to test in court the extent of its constitutional right to obtain and disseminate information during elections. Agbakoba, a former President of the Nigerian Bar Association, made the call at the GOCOP Conference held on Thursday at the Radisson Blu Hotel, Ikeja, Lagos, with the theme, “2027 Elections: Trust, Transparency and Shared Responsibilities.” He said that while the Electoral Act gives the Independent National Electoral Commission (INEC) authority to announce election results at…
Precious Obogo The President of the National Palm Produce Association of Nigeria (NPPAN), Amb. Alphonsus Inyang, has been elected Chairman of the General Assembly of the World Coalition of Oil Palm Smallholders (WCOPS). Inyang disclosed in a statement that he was unanimously elected at the International Oil Palm Smallholders Forum in East Kalimantan, Indonesia, attended by more than 400 delegates. Inyang said the General Assembly was the highest decision-making organ of WCOPS, adding that his election would strengthen Nigeria’s position in the global oil palm sector. He said he was elected alongside Dr Gulat Manurung of Indonesia, President; Dr…
Yemisi Izuora The Police in Nigeria have revealed how they will effectively secure the 176,846 polling units where voting would take place in the 2027 general elections. The Police said they would use a predictive and risk analysis strategy to predict where trouble would most likely erupt, saying this would guide their deployment of personnel. Dr Abayomi Shogunle, Commissioner of Police, Election Planning, Monitoring and Evaluation, Force Headquarters, Abuja, disclosed this during a panel session at the 2026 annual conference of the Guild of Corporate Publishers (GOCOP) held in Lagos. The conference ended Thursday, October 8, 2026. The conference…
Yemisi Izuora The National Insurance Commission (NAICOM) and the National Pension Commission (PenCom) have urged insurance companies and pension operators to ensure that recapitalisation translates into stronger institutions, better services and improved financial security for Nigerians. The regulators made the call at the 11th Annual Conference of the Nigerian Association of Insurance and Pension Editors (NAIPE) on Thursday in Lagos. The conference has the theme: “Post-Recapitalisation Market Dynamics in Insurance and Pension Sectors”. Mr Olusegun Omosehin, Commissioner for Insurance and Chief Executive Officer of National Insurance Commission (NAICOM), said insurers must look beyond meeting minimum capital requirements to strengthening…
Yemisi Izuora The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has undertaken a series of high-level engagements in Singapore to strengthen Nigeria’s financial connectivity with Asia through institutional cooperation, financial-market development, and innovation. The engagements included discussions with the Monetary Authority of Singapore (MAS), the signing of a Memorandum of Understanding (MoU) with the Global Finance & Technology Network (GFTN), and the Nigeria–Asia Financial Connectivity Dialogue, convened by the CBN in collaboration with J.P. Morgan, Nigerian Exchange Group (NGX) and FMDQ Group. Together, the engagements reflect the CBN’s emphasis on translating Nigeria’s financial-sector reforms into…
Uche Cecil Izuora Maritime lawyer and a Senior Advocate of Nigeria (SAN), Dr. Olisa Agbakoba, has argued that petrol price in Nigeria could sell at N400 per liter if government applies similar policy in some major crude producer countries. According to Agbakoba, some major oil producing nations apply price differential in the sale of crude to domestic refiners to offset rising prices of gasoline and reduce pressure on cost of living. In a remark during the 2026 Energy conference organised by the National Association of Energy Correspondents of Nigerian (NAEC) on Thursday in Lagos, with the theme, “Access To…