Joseph Bakare The Chief of the Air Staff (CAS), Air Marshal Hasan Abubakar, during a working visit to NAF Base Bauchi, said there is urgent need for stronger partnership with the Abubakar Tafawa Balewa University (ATBU) Centre for Science and Technology Entrepreneurship Development (CSTED), Tafawa Balewa, for enhance technical knowledge of the Air Force personnel. The visit was in furtherance of his Command Philosophy of transforming the NAF for greater agility and resilience to effectively meet the airpower demands of Nigeria’s national security in all operational environments. During the visit, the CAS inspected ongoing infrastructural developments and reiterated their…
Author: Orientalnews Staff
Yemisi Izuora An Economist and financial analyst has charged the Federal Government to put mechanisms in place that will align current economic realities with the expected economic growth. The suggestion was put forward by the Managing Director of Analysts Data Services & Resources Limited, Dr. Afolabi Olowookere, in his paper presentation in Lagos at the 9th edition of Nigerian Association of Insurance and Pension Editors’ (NAIPE) Conference with the theme, “Towards A $1trillion Economy, Roles of Insurance And Pension Sectors,”. Olowookere, advised the Federal Government to tinker with the current policies and speed up infrastructure development to encourage more…
Yemisi Izuora As part of initiatives towards increasing efficiency in revenue collection in Anambra State, leading financial institution, Fidelity Bank Plc, has donated 10 units of tax booths to the Anambra State Internal Revenue Service (AIRS). Commenting on the donation, the Regional Bank Head, Awka, Fidelity Bank Plc, Dr. Nosa Orumwense, explained that the donation is borne out of the bank’s devotion to creating solutions for its customers. “For nearly four decades, Fidelity Bank has been dedicated to meeting the banking needs of Nigerians with customized solutions. Whether through thoughtfully designed products or exceptional services, we have established ourselves…
Yemisi Izuora The Chief Executive Officer, Seplat energy Plc, Mr. Roger Brown, has said that Africa’s abundant gas reserves, offers immediate solutions to the continent’s immediate and prevailing challenges if well leveraged. Brown, said st the ongoing Africa Oil Week (AOW) Conference and Exhibition in Cape Town, South Africa. The Seplat Energy CEO, whilst delivering the independent Keynote during the AOW Gas Forum themed ‘Enhancing Africa’s Gas Capacity’, stated that gas will provide baseload power to facilitate growth in renewable energy which is still a relatively small proportion of the energy mix in Africa. To decarbonize, he maintained that…
Yemisi Izuora Polaris Bank Limited has collaborated with the University of Ibadan (UI) and the Nigerian Conservation Foundation (NCF) on environmental conservation through a tree planting initiative. This was disclosed during a courtesy visit to the UI Vice Chancellor, Prof. Kayode Adebowale, by representatives of Polaris Bank Ltd and the Nigerian Conservation Foundation (NCF). During the visit, Polaris Executive Director, Corporate & Investment Banking, Abimbola Ozomah, mentioned that the initiative is part of the bank’s corporate social responsibility efforts. Ozomah explained that the initiative stemmed from the bank’s desire to continuously contribute positively to the environment and communities, as…
Ken Okeke The Ford Foundation, John D. and Catherine T. MacArthur Foundation, Luminate, and Open Society Foundation have launched a $20 million West Africa Democracy Fund (WADF) to reimagine, renew and strengthen democracy across the region. The fund, targeted at supporting West African states currently facing various democratic challenges, will, over a period of three years, support activities to increase citizens’ engagement with democratic and political transitions in the respective countries. President of Ford Foundation, Darren Walker, stated, “I am grateful for the collaboration of our philanthropic, civil society, and government partners, as we launch the West Africa Democracy…
Yemisi Izuora The Managing Director, of the International Monetary Fund (IMF), Kristalina Georgieva has emphasized the IMF’s commitment to addressing Africa’s debt crisis and promoting growth. During a recent interview with Deutsche Welle, a German media company, she highlighted the IMF’s provision of liquidity through special drawing rights and financing during the COVID-19 pandemic, as well as support for debt restructuring in nations like Chad, Ghana, Zambia, and Ethiopia. Georgieva announced that sub-Saharan Africa will gain another seat on the IMF’s board starting on November 1, 2024, to enhance representation. She stressed that the IMF’s programs on the continent…
Roland Iwuchukwu The Nigeria Labour Congress (NLC) has dismissed the new price of petrol as insensitive and gross negligence of public poverty outcry. The NLC President, Comrade Joe Ajaero, reacting to the latest developments voiced strong disapproval, describing the government’s actions as a continuation of a troubling trend that exacerbates the challenges faced by ordinary Nigerians. Ajaero said this in a press statement issued on Wednesday after it was noted that the Nigerian National Petroleum Company Limited (NNPCL) had increased the petrol pump price in its retail outlets to N998 in Lagos and N1,030 in other locations. Fuel queues…
Yemisi Izuora More in-country refining prospects is coming as four more refineries are in the offing as announced by the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri. Lokpobiri, said a consortium of investors from South Korea has concluded plans to build four 100,000-barrel capacity refineries in Nigeria. The Minister made the disclosure at the Crude Oil Refineries Owners Association of Nigeria (CORAN) submit in Lagos, stressing that government would continue to create enabling environment for investment in the industry. He said: “We encourage investors to build limited refineries by providing an open environment. A recent approval…
Moses Ofodeme Defence Minister, Mohammad Badaru Abubakar, has said that based on military operations to dislodge oil theft and other criminal elements breaching oil and gas assets Nigeria is in a position to increase oil production to 2.3 million per day by mid-2025. Abubakar, said this is possible as he spoke during a recent visit to the 6 Division Nigerian Army Barracks in Port Harcourt. He attributed the projected increase to the military’s efforts in combating crude oil theft in the Niger Delta region and the presidential administration’s support. He also noted that oil production has risen from 1.4…