The Board of Directors, Management and Staff of United Bank for Africa (UBA) Plc announce with deep sorrow the passing of Chief Israel C. Ogbue, former Chairman of the Bank, who died peacefully today at the age of 99. A revered boardroom statesman and distinguished administrator, Chief Ogbue devoted over six decades of his life to service in Nigeria’s public and private sectors, leaving behind an enduring legacy of integrity, discipline and institutional excellence. Born on February 18, 1927, in Onicha-Olona, Delta State, Chief Ogbue’s professional journey began in the Federal Civil Service before he travelled to the United…
Author: Orientalnews Staff
By Gboyega Akosile Leadership is not tested in moments of applause. It is tested in moments of discomfort, when decisions are unpopular, emotions are high, and the future must be weighed against the present. The recent Makoko challenge in Lagos is one such moment, and it goes beyond a waterfront settlement. It is a defining test of leadership especially for a man who has confronted many of such daunting challenges and has surmounted them. Makoko has existed for decades, evolving into a symbol of Nigeria’s urban contradictions—resilience alongside neglect, and survival amid dysfunction. While its cultural…
In furtherance of President Bola Ahmed Tinubu’s Renewed Hope Agenda and the Federal Government’s commitment to institutionalizing a paperless public service, the National Identity Management Commission (NIMC) has deployed WorkflowPro as its official platform for the digital submission and management of correspondence. The adoption of WorkflowPro marks NIMC’s formal transition to a paperless operating environment and reflects the Commission’s resolve to strengthen governance, improve administrative efficiency, and standardize records management in line with approved public sector reforms. The platform provides a secure, structured, and traceable system …
Nigerian Exchange Limited (NGX) has recorded its first Commercial Paper (CP) listing with the admission of Dangote Cement Plc’s Series 1 and Series 2 Commercial Papers under its ₦500 billion Commercial Paper Issuance Programme. The two series, with a combined value of ₦119.87 billion, were admitted to trading on NGX on 18 February 2026, following the Exchange’s introduction of the Commercial Paper listing framework last year. Dangote Cement’s ₦19.95 billion Series 1 Commercial Paper carries a tenor of 181 days and matures on 20 May 2026, while the ₦99.92 billion Series 2 issuance has a tenor…
Agency Report By Africa Risk Control – Over the past decade, Morocco has undergone one of the most significant economic transformations on the African continent. Known historically for tourism and agriculture, the country is now emerging as a manufacturing hub linking Africa to European markets. At the center of this shift is a deliberate strategy: instead of competing with Asia purely on low labor costs, Morocco competes on distance and reliability. Factories in northern Morocco can deliver components to Spain or France in less than two days — something Asian manufacturers cannot match. This advantage has helped the country…
The past few weeks, my travels took me to Nigeria and Angola, two countries working with determination to turn potential into progress. Across conversations with policymakers, entrepreneurs, and development partners, one message was clear: Africa is at the center of a historic demographic shift. By 2050, one in four people will be African, and an additional 600 million young people in Africa will reach working age. This wave of young talent is both a tremendous opportunity and an urgent call to action. Africa’s greatest asset is its people—especially its youth—and generating jobs at scale will define the continent’s economic…
Tunde Bakare President Bola Tinubu and German Chancellor Friedrich Merz have resolved to improve bilateral relations between their two countries and to strengthen collaboration in the security, power, and railway sectors. In a telephone conversation on Wednesday afternoon, the two leaders also expressed their willingness to cooperate in creative arts and skill development. President Tinubu and the German Chancellor spoke on the Presidential Power Initiative, during which the Nigerian leader indicated that the country would require assistance with power transmission. The German Chancellor pledged that Siemens would be ready to assist in that regard, while Deutsche…
Valentine Okafor The Minister of Humanitarian Affairs and Poverty Reduction, Dr. Bernard Doro has revealed that the Ministry is finalising an expansive coordination framework aimed at overhauling Nigeria’s humanitarian response architecture to deliver on the Renewed Hope Agenda of President Tinubu mistranslation Boro said the ministry’ fresh framework would help to eliminate fragmented interventions and silo-driven programming that have, over time, weakened efficiency, reduced coverage and limited measurable impact. He said the plan is coming on the heels as more than 25 million citizens continue to require assistance each year and with over 60 per cent of Nigerians living…
……To Occupy Nigeria Until People’s Will Prevails Moses Ofodeme The Movement for Credible Elections condemns, without reservation, the decision of the House of Representatives to reverse its earlier commitment to real-time electronic transmission of election results and align itself with the Senate’s weakened, ambiguity-laden text. Let us be clear- this was not a technical adjustment. It was a political choice to stand against the will of the people. At a moment when Nigerians demanded certainty, clarity, and mandatory safeguards to protect their votes, lawmakers chose discretion, conditionality, and loopholes. By stripping “real-time” from the law and embedding an undefined…
Yemisi Izuora Sterling Financial Holdings Company Plc has announced the commencement of the allotment process for its 2025 Public Offer of 12,581,000,000 ordinary shares of 50 kobo each at ₦7.00 per share. This follows the earlier receipt of final approval from the Central Bank of Nigeria (CBN) and the recent clearance by the Securities & Exchange Commission. The allotment process, which begins immediately, marks the continuation of a disciplined, multi-year capital-raising programme that has positioned the Group as one of the fastest-growing financial institutions in the region. The Public Offer, which opened on September 15, 2025, attracted strong participation from…