Yemisi Izuora Sahara Group has appointed Mrs. Folake Soetan as Managing Director, Arahas Global Oilfield Services as the organisation accelerates its Beyond XXX agenda focused on deepening impact, advancing operational excellence, and shaping the future of energy across Africa. Executive Director, Sahara Group, Adedeji Odunsi, said the development in Arahas, a Sahara Group Oilfield Services Company, reinforces the energy and infrastructure conglomerate’s dedication to making a difference in the energy sector through long-term vision and growth priorities. The appointment takes effect on July 1, 2026. “Our focus is on building future-ready platforms anchored on strong leadership,…
Author: Orientalnews Staff
Yemisi Izuora TotalEnergies is facing legal action from some non state actors which are seeking mitigation of environmental damages before exit. Several nonprofits including Friends of the Earth France have sued oil major in a French civil court on Wednesday, seeking to obtain environmental documents related to an onshore Nigerian oil asset it is attempting to sell, according to Reuters. Nigerian regulators have not yet approved the sale announced in January of Total’s 10 per cent stake in the asset, which was formerly known as SPDC, to local company Vaaris. SPDC has struggled with hundreds of oil spills due…
Joseph Bakare Justice Peter Lifu of the Federal High Court, Maitama, Abuja, on Wednesday, July 1, 2026, adjourned the trial of the former Benue State governor, Gabriel Suswam till July 16, 2026 for adoption of final written addresses, as the 11-year-old case goes on the home stretch. Suswam, alongside his then Commissioner of Finance, Omadachi Okolobia is facing prosecution by the Economic and Financial Crimes Commission, EFCC on amended 11-count charge, bordering on theft, criminal breach of trust, illegal award of contracts and money laundering to the tune of N3.1 billion, being proceeds from the sale of the state government’s shares in Benue…
Yemisi Izuora Following the revocation of the operating licenses of 46 Microfinance Banks (MFBs) by the Central Bank of Nigeria (CBN), on July 1, 2026, the Nigeria Deposit Insurance Corporation (NDIC), has been appointed as the official Liquidator, pursuant to Section 12 (2) of BOFIA 2020, and Section 55 (1 & 2) of the NDIC Act 2023. The NDIC has already commenced the process of the orderly closure of the failed banks with their immediate takeover, verification and payment of insured sums to eligible depositors. Depositors and the general public would be duly informed on an ongoing basis on…
Yemisi Izuora The Central Bank of Nigeria (CBN) has announced the revocation of the operating licenses of forty-six (46) Microfinance Banks with effect from July 1, 2026, in accordance with its powers under Sections 12 and 13 of the Banks and Other Financial Institutions Act (BOFIA), 2020. The revocation was approved by the Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, following the banks’ failure to meet the regulatory requirements for continued operation as licensed financial institutions. According to the revocation order, the action became necessary because of one or more of the circumstances listed below: i.…
Yemisi Izuora His Holiness Pope Leo XIV has appointed the Most Rev. Dr. Alfred Adewale Martins as a member of the Dicastery for Evangelization, Section for First Evangelization and the New Particular Churches, making him the first Nigerian bishop to serve as a member of the Vatican body. The appointment, which took effect yesterday, June 30, 2026, was announced in a statement signed by the Secretary to the Archbishop of Lagos, Rev. Fr. Paul Ariole, who described it as recognition of Archbishop Martins’ 27 years of distinguished episcopal ministry and outstanding service to the Catholic Church in sub-Saharan Africa.…
Yemisi Izuora The in-coming 53rd President/Chairman of Council of Chartered Insurance Institute of Nigeria (CIIN), Mr. Akinjide Orimolade, has expressed sincere appreciation to members of the media for honouring the invite from the Institute to this germaine press conference and for your continued support in promoting the growth and development of Nigeria’s insurance industry. Mr. Akinjide Orimolade is a distinguished Nigerian chartered insurer and accomplished business executive with over twenty-eight years’ experience in the financial services industry. As the pioneer and current Chief Executive Officer of Stanbic IBTC Insurance Limited, he has demonstrated exceptional leadership in driving business growth,…
Joseph Bakare President Bola Ahmed Tinubu, GCFR, on Wednesday reaffirmed his administration’s unwavering commitment to transforming Nigeria’s infrastructure landscape with the flag-off of Section I of the Akwanga–Kaduna–Jos segment of the 700-kilometre Akwanga–Bauchi–Gombe–Biu–Maiduguri Superhighway, describing it as another milestone under the Renewed Hope Agenda. The President, who was represented at the ceremony by the National Chairman of the All Progressives Congress (APC), Professor Nentawe Yilwatda, said the project represents the fourth legacy highway initiative of his administration and reflects the government’s determination to build world-class infrastructure that will strengthen national integration, improve road safety, facilitate trade and unlock economic…
Yemisi Izuora Prof. Lere Baale, CEO, Business School Netherlands International has made a case for Nigerian organisations to intentionally build cultures around five pillars of responsiveness, respect, reliability, responsibility and relationships if they really want to compete globally. A distinguished global pracademic, scholar-practitioner and transformational leader with over 40 years of cross-sector experience spanning healthcare, telecommunications, education, corporate strategy and public policy, Prof. Baale in his presentation as a Guest Speaker at the WorldStage Business Forum Q2 2026 and Public Presentation of the WorldStage Nigeria Economic Report Q1 2026 on June 30, 2026, said leading organisations in Europe, North…
Yemisi Izuora Stanbic IBTC, a member of Standard Bank Group, has officially launched its new thematic brand campaign, ’You’re Built for Growth’, a bold expression of the Group’s commitment to supporting individuals, businesses and communities as they pursue their ambitions and unlock new opportunities. The integrated campaign, which spans television, radio, print, social media, out-of-home (OOH) and digital out-of-home (DOOH) platforms, celebrates the resilience, determination and potential as key drivers of progress across Nigeria. Through relatable stories and inspiring narratives, the campaign reinforces Stanbic IBTC’s role as a trusted financial partner that helps clients and stakeholders achieve growth in all…