Author: Orientalnews Staff

Richard Ginika Izuora Energy and infrastructure conglomerate, Sahara Group has restated its commitment to promoting generational sustainability through strategic greening of its businesses across Africa, Asia, Europe, and the Middle East. Speaking at the unveiling of Sahara Group’s 2021 Sustainability Report titled “Maximising the Present Efficiently; Safeguarding the Future Responsibly”, Executive Director, Temitope Shonubi, said Sahara had responded positively to its global sustainability targets through continuous review of the company’s operations and impact. “At Sahara Group, we are more than a business. We inspire a green efficient future for generations by making a difference (MAD) responsibly through every thought,…

Read More

Richard Ginika Izuora The Nigerian National Petroleum Company (NNPC) Limited has expressed optimism that widening the Memorandum of Understanding, MoU, in the course of implementing the Nigeria-Morocco gas pipeline will lead to timely delivery of the project. The Company said it was comforting to witness steady growth of the project, especially with inclusion of NNPC’s counterparts and key institutions from other African countries, through execution of the relevant Memoranda of Understanding. This expectation is coming after the NNPCL, signed five MoUs with national oil companies and relevant entities of five African countries on the Nigeria-Morocco Gas Pipeline Project. The…

Read More

Yemisi Izuora Effective internal controls over financial reporting has been described as necessary to help ensure that companies provide investors with accurate financial statements, which will in turn boost investor protection and confidence. This was stated by the Executive Commissioner Legal and Enforcement of the Securities and Exchange Commission, Mr. Reginald Karawusa during a training on Internal Controls over Financial Reporting, an implementation of Section -60-63 of the Investment and Securities Act 2007, organised by the SEC in collaboration with the Nigeria Capital Market Institute which commenced in Lagos, Monday. Karawusa stated that with the plethora of Ponzi schemes…

Read More

OUR STAND Nigeria is already on the cross road with huge financial burden and declining revenue. According to the Debt Management Office (DMO), Nigeria’s Total Public Debt Stock as of June 30, 2022, was N42.84trillion ($103.31billion). It is instructive to recall that Nigeria’s debt service cost presently outweighs its revenue with clear signs of economic dangers ahead. There are implications for this rising debt stock in Nigeria with total external debts amounting to about $40billion and a private credit composition of $15.9billion which represents 39.8% of total external debt stock. Eurobonds take the bulk of the commercial loans with…

Read More

Richard Ginika Izuora Oyo State Governor, Seyi Makinde, on Monday, assented to the Bill which is seeking to upgrade the Emmanuel Alayande College of Education, Oyo, to a University of Education. The Governor, while speaking after signing the Bill into law, at the Executive Council Chamber, of the Governor’s Office, Agodi, Ibadan, said that the bill will increase access to quality university education in the state. He maintained that tertiary institutions in the state have moved from receiving 25 per cent subvention to getting 100 per cent of their subvention. The Governor promised that his administration will remain…

Read More

L-R: Dr. Omoniyi Ibietan, Head, Media Relations, Nigerian Communications Commission (NCC); Tunji Jimoh, Head, Administration, NCC; Hafsat Lawal,Head, Human Capital; Usman Malah, Director, Human Capital and Administration; Dr. Omale Amedu, Ag. Director General, National Blood Service Commission (NBSC); Dr. Adaeze Oreh, Head, Planning Research and Statistics, NBSC and Dr. Ayoola Abiodun, Deputy Director, Hospital Linkage Programme, NBSC during a courtesy visit by the blood commission to NCC in Abuja recently. Yemisi Izuora The Nigerian Communications Commission (NCC) has said it is willing and ready to offer any support required by the National Blood Service Commission (NBSC) to enable the latter to achieve its mandate of regulating, coordinating, and ensuring “the…

Read More

Yemisi Izuora In its mission to elevate premium service provision through technology and digitisation, leading financial services organisation Leadway Assurance Company Limited unveiled LOLA, a virtual assistant service to optimise customer engagement. LOLA was designed to play the role of an always-on customer service representative, magnificently equipped with artificial intelligence and multiple scenario programming to enable her to assist the customers in all ramifications. With LOLA, Leadway Assurance hopes to eliminate the numerous pain points for its consumers, such as the cumbersome queues at experience centres and clunky paperwork, which they may be otherwise subjected to…

Read More

Yemisi Izuora Galaxy Backbone Plc, Internet Exchange Point of Nigeria (IXPN) and Association of Licensed Telecom Operators of Nigeria (ALTON) have drummed up support for the 2022 ITREALMS E-Waste Dialogue. The event scheduled for Thursday, December 8 at the Welcome Centre Hotels, Lagos under the theme, ‘e-Waste: Recycle it all, no matter how small!’ according to the Group Executive Editor, ITREALMS Media, Mr. Remmy Nweke, who made these disclosures at the weekend in Lagos, revealed that the Managing Director/Chief Executive Officer of Galaxy Backbone Plc, Prof. Muhammed Bello Abubakar, would be speaking to ‘Recycle it all for…

Read More

James Ononuju Emmanuel Ojeabulu, winner of the 61st FirstBank Lagos Open Golf Championship has been listed in the WAGR. The premier golf championship which was held from 18 – 20 November at the golf section of Ikoyi Club 1938 was keenly contested by over 190 low handicap players from several golf clubs in the country. Benin based Emmanuel Ojeabulu won the 3-day championship. Playing three-shots off the pace going into the last 18-holes, Ojeabulu played one of the best golf of his life, maintaining steady pars for a closing 74, 3-over the course par to win the World Amateur…

Read More

From Left: Managing Partner, Technology Advisors LLP, Basil Udotai, Esq; Co-founder/Chief Visionary Officer, Digital Encode, Dr. Adewale Obadare; Director, IT Department, Central Bank of Nigeria, Mrs Rakiya Mohammed; President, Information Security Society of Africa – Nigeria (ISSAN) & General Manager, Ecobank, Dr. David Isiavwe; Director, Payments System Management Department, Central Bank of Nigeria; Mr. Musa Jimoh; CISO, Heritage Bank of Nigeria Ltd; Mr. Eduje Ighoakpo and 1st Vice President, ISSAN Mr. Laja Sorunke at ISSAN Annual Cybersecurity Conference in Lagos last week Yemisi Izuora The Central Bank of Nigeria, CBN, has assured information security stakeholders and the general public…

Read More