Joseph Bakare The Vice President, Yemi Osinbajo, will on Friday(today) perform the foundation laying ceremony of the first Solar Cell Production Plant in Nigeria, a facility that is the most important component in solar panel production utilized for solar energy generation. The plant when fully operational will be one of the largest Solar Cell Production plants in Africa, even as the Managing Director NASENI Solar Energy Ltd, Dr.Mahmud Jaffar had observed that ” the Prices of solar panels in Nigeria will crash once the NASENI plant comes on stream. With the Plant in Gora, Nigeria will go into full…
Author: Orientalnews Staff
Yemisi Izuora The National Pension Commission (PenCom) has disclosed that the Pension Industry Net Asset Value (NAV) increased by 3.94 per cent (N568.33 billion) to N14.99 trillion compared to a NAV of N14.42 trillion as at 30 September, 2022. PenCom in its Fourth Quarter 2022 Report said that the growth in Q4:2022 was significantly higher than the growth of N156.74 billion (1.09%) recorded in Q3:2022. The growth was mainly due to contributions received and positive investment performance during the period. The value of investments in quoted ordinary shares (domestic and foreign) stood at N1,017.01 Billion (7.06% of total assets…
Yemisi Izuora Critical industry operators especially in the mid and downstream petroleum industry and government agencies have carried out a post mortem analysis of the industry operations and called for immediate action on specific areas to spur investment. The stakeholders gathered at the Nigerian Petroleum Downstream Industry, in collaboration with African Refiners and Distributors Association, ARDA during a virtual workshop aimed at addressing key challenges and outlining strategies to ensure a sustainable future for the petroleum downstream sector. The workshop focused on risk management and self regulation, effective change management, and communication and stakeholder engagement. The Chief Executive Officer…
L-R: Dr Ajibola Abayomi, President of the Journalists International Forum For Migration (JIFORM), Gerald Wolf, Deputy Consul General, German Embassy, Lagos, and Mrs Yemisi Izuora, the Publisher of Oriental News Nigeria News during a visit of the JIFORM to the Embassy on 22nd March, 2023.
Yemisi Izuora The Director Market Development Department of the Securities and Exchange Commission, SEC, Mr. Nestor Ikeagu, has challenged young people on the need to plan their future by engaging in savings and investments from an early age. He made the call during the commemoration of the Global Money week by the Commission in Abuja Thursday. Ikeagu stated that the Commission is on a drive to educate and enlighten the youths on money management as well as encourage them on investments opportunities available in the capital market. “We are proud to be part of this annual financial awareness campaign…
Ken Okeke The Minister of Aviation Hadi Sirika, has assured that the Federal Government is ready to release all ticket sales trapped funds to foreign airlines. Sirika made the promise Abuja on Thursday at the ongoing National Aviation Stakeholders Forum 2023. He also said that the national carrier, Nigeria Air, will commence operation before May 29, 2023. “Negotiation meeting with the Ethiopian Airlines Group Consortium and the Federal Government of Nigeria are ongoing. Next step, Federal Executive Council approval of the Full Business Case. “Operation of local and international flights will commence soon. Before the end of this administration,…
Yemisi Izuora Insurance Sector in Nigeria is witnessing growth trajectory, after Life Insurance Business deal rose to N1.2066 trillion with Non-Life Insurance Business queuing behind raking in N1.122 trillion to stretch the sector’s total assets in Q4, 2022 to N2.3 trillion. The National Insurance Commission, NAICOM, in its quarterly date on Insurance business said “The gross premium income generated as at the fourth quarter of 2022 stood at N726.2 billion, representing a growth proportion of about thirty-Six per cent (36.3%), quarter on quarter and indeed, about eighteen per cent (17.8%) year on year. This is a remarkable situation compared…
Yemisi Izuora The Senior Director, African Investment Forum, AIF, Chinelo Anohu, has expressed optimism that businesses run by African women will begin to experience exponential growth especially as key government institutions looks inward to open access to finance women led enterprises. Anohu, said the AIF is focused on working and engaging the women to introduce ways that assist them to identify the champion within. She listed some of the women-led projects on the platform to include a textile deal, a tannery, a telemedicine project, a Shea butter maker, a dried foods business, and a woman-led refinery project. The Senior…
Francesca Odimgbe The Nigerian Human Rights Community, (NIHRCO) has applauded the intervention of Lagos state Governor, Babajide Sanwo-Olu for his steadfastness in providing conducive environment that necessitated peaceful elections in the state. In a preliminary report released to the media in Lagos on Thursday, the group noted that though the elections in Lagos was preceded by ethnic and religious baiting, this did not result into any major confrontation between the parties as residents of Lagos still came out to vote. The NIHRCO, in the report presented by Taiwo Adeleye, senior programme officer of the group, observed that the Lagos…
Valentine Okafor The Standards Organisation of Nigeria (SON) on Thursday, called for dedicated attitude to safety by those in the core electrical and electronics business in the country. The call was a major talking point when the agency met in Ibadan, Oyo State with relevant stakeholders dealing in electrical/electronic products on the need to ensure production of quality and safe products. The sensitisation engagement was held at PentonRise Event Hall, Bodija, Ibadan. In his message, the Director-General of SON, Malam Farouk Salim, urged the stakeholders to thrive toward becoming major producers of products they were importing into the country.…
