Tunde Bakare Operatives of the Ilorin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, carried out a sting operation within two buildings flagged for suspected internet-related fraud at Agbede Community in Ilorin, Kwara state. The operation, carried out on Wednesday, March 24, 2026, yielded the arrest of 30 suspected internet fraudsters, six of whom are students of Kwara State Polytechnic. The profiling of the students showed that all the six students are actively involved in internet fraud. Eight vehicles suspected to be proceeds of crime were recovered from the suspects, alongside mobile phones and laptops.…
Author: Orientalnews Staff
Tunde Bakare The Federal Government is now more committed to strengthening national security and fostering a peaceful environment for all citizens, emphasizing that the establishment of state police is now a critical step toward addressing Nigeria’s evolving security challenges. This position was reinforced during a high-level meeting held in Abuja, March 25, 2026, in the Ministry of Police affairs where the Honourable Minister , Senator Ibrahim Gaidam, received a delegation from the Steering Committee on the State Police Establishment Framework, constituted under the leadership of the Inspector General of Police. Speaking at the meeting, Senator Gaidam reaffirmed the Federal…
Yemisi Izuora FirstBank, West Africa’s premier financial institution and financial inclusion services provider, is pleased to announce the upcoming edition of the SMEConnect Webinar scheduled to hold on Tuesday, 31 March 2026. The event will equip small and medium-sized enterprises (SMEs) with the knowledge and tools to harness the power of Artificial Intelligence (AI) for business growth. This edition is strategically curated to inform and educate SMEs on how AI can be applied to scale their businesses in today’s rapidly evolving digital economy. The chosen theme, “AI for Business Growth: From Adoption to Integration and Scalable Impact,” reflects the growing…
Uche Cecil Izuora The Managing Director of Financial Derivatives Company, Mr Bismarck Rewane, has highlighted that power sector reforms are non-negotiable for Nigeria’s economic growth. Rewane, while delivering the keynote address at the 2026 Economic Summit organised by the Redeemed Christian Church of God (RCCG), Christ the Lord Parish, Lekki, Lagos themed “Positioned for Advantage in a Shifting Economy,” emphasised that without urgent action on electricity distribution and supply, the country’s economic ambitions will remain mere “pipe dreams and wishful thinking.” He said, “The point is that economic productivity in Nigeria must increase; it will be driven by power,…
Yemisi Izuora The Central Bank of Nigeria (CBN) has removed a requirement that forced international oil companies to temporarily retain part of their export earnings, allowing them to repatriate all proceeds in a move aimed at improving liquidity and confidence in the foreign exchange market. In a circular dated March 25, the Apex Bank said it had scrapped earlier “cash pooling” requirements that allowed authorised dealer banks to transfer only half of oil export proceeds immediately, with the balance held for up to 90 days. Under the new directive, oil companies may repatriate all export earnings through authorised banks,…
Yemisi Izuora The Manufacturers Association of Nigeria (MAN) has expressed confidence in the partnership project driven by the United Nations Industrial Development Organization (UNIDO), in collaboration with the Global Environment Facility (GEF). The Association praised the project implementation when it joined other key stakeholders from Nigeria’s industrial and financial sectors in Abuja to present the outcomes of the financing component of the GEF–UNIDO Industrial Energy Efficiency (IEE) and Resource Efficient and Cleaner Production (RECP) Project. In his opening remarks, the Director-General of MAN and Chairman of the Investment Committee, Segun Ajayi-Kadir, noted that the project commenced in 2022, with…
Joseph Bakare The Nigerian Electricity Liability Management Company (NELMCO), has cleared over N2.16 trillion of the debts inherited from the defunct Power Holding Company of Nigeria (PHCN). Managing Director of NELMCO, Mojoyinoluwa Dekalu-Thomas, disclosed this during the inauguration of the Agency’s new headquarters in Abuja. Vice President Kashim Shettima, while commissioning the facility in Abuja, said the President Bola Tinubu administration “remains firmly committed to repositioning the electricity sector into a commercially viable, transparent and investment-ready industry”, stressing that energy security is central to national development. Commissioning the edifice, Shettima described the milestone as a demonstration of the administration’s…
Yemisi Izuora The Dangote Petroleum Refinery & Petrochemicals has reviewed its gantry price for petrol to N1,200 per litre, while also adjusted its coastal price at N1,153 per litre. Dangote Group spokesman Anthony Chiejina, explained that the price adjustment represents a downward review in the refinery’s pricing template and comes amid heightened uncertainty in the global oil market driven by geopolitical tensions in the Middle East. This is also expected to reshape fuel supply costs across Nigeria’s downstream distribution chain. “Dangote Petroleum Refinery & Petrochemicals has reduced its gantry price for petrol to N1,200 per litre and its coastal…
Precious Obogo At a time when many Nigerians are dealing with the pressures of everyday life, a simple act of kindness has sparked a wider conversation and once again highlighted what it truly means to put consumers first. The story of Ola Ogidan, an Ondo-born artisan, has resonated deeply across the country. What started as a tense moment, marked by stress and frustration during an encounter at a checkpoint, quickly turned into something unexpectedly positive. In a calm and thoughtful move, a military officer, Onabamiji Praise Oluwatobi, offered Ogidan a bottle of Fearless Energy Drink. It was a small…
Uche Cecil Izuora Esso Exploration and Production Nigeria Limited (EEPNL), has disclosed that its OML 133 Erha field has generated more than $1 billion in royalties, over $22 billion in taxes, and approximately $300 million in levies, making it one of the country’s most economically impactful deepwater developments in the last 20 years. The Company made the disclosure as it marked the 20th anniversary of first oil from the Erha Field located in OML 133, celebrating two decades of deepwater production and its significant contributions to Nigeria’s economy. Since first production on March 27, 2006, the Erha Field has…