Fidelity Bank Plc’s leadership in the exports space has once again been reaffirmed with the bank’s emergence as the Export Finance Bank of the Year at the BusinessDay and Other Financial Institutions’(BAFI) Awards 2023. The bank was presented the award at a prestigious dinner event held on Saturday, 28 October 2023 at Lagos Continental Hotel, Victoria Island, Lagos. “The BAFI Awards is the benchmark of distinction for institutions in the Nigerian financial services sector. Now in its 10th year, the awards recognises and celebrates organisations that excel in the delivery of financial services in Nigeria,” read a statement…
Author: Orientalnews Staff
The Speaker of the House of Representatives Rt. Hon. Abbas Tajudeen, has stressed the need for Nigeria to have a regulatory framework in place for emerging technologies. Abbas noted that though new technologies such as Artificial Intelligence and robotics have immense benefits, there is the need to check their misuse and abuse. The Speaker, therefore, disclosed his readiness to sponsor a bill seeking to regulate emerging technologies soon. Speaker Abbas made this known in Abuja on Monday at the 2022/2023 Convocation Ceremony of the National Institute for Legislative and Democratic Studies-University of Benin (NILDS-UNIBEN). He said: “We are all aware…
Yemisi Izuora The Nigerian Communication Commission’s NCC, inspired technology innovation talent hunt competition, has brought to the fore the hidden potentials of Solaris GreenTech Hub, Knownow Africa Limited and Specxs Care Limited. The firms came bright at the 2023 NCC’s Annual Hackathon Competition, adjudged by an independent Panel of Judges chaired by the President of Digital Bridge Institute (DBI), Prof. Mohammed Ajiya. The three companies, out of 81 companies that contested at the Nigerian Communication Commission’s inspired technology innovation talent hunt competition, shared the N30 million prize money equally. Nine other shortlisted companies went home with N500,000 consolation prizes…
Yemisi Izuora The Chief Executive Officer, of Sovereign Trust Insurance, STI, Olaotan Soyinka, has been named the 2023 Africa’s Insurance Brand CEO of the Year. Soyinka is an erudite and well-grounded Underwriter with over 25 years cognate experience. He is an Associate of the Chartered Insurance Institute of Nigeria, and a Graduate of Insurance from University of Lagos and also holds an MSc degree in Marketing from the same University. He joined Sovereign Trust Insurance Plc in March 1998. A seasoned Professional who has plied his trade in both Marketing and Technical Divisions of the organization. His overwhelming wealth…
Richard Ginika Izuora Sahara Group, has urged African governments and regulators to adopt market-based regimes to stimulate the sustainable development of gas across the continent. The company noted that appropriate pricing of the commodity will enhance investment, increase production and consumption growth. It also called for the inclusion of investors in gas policy development frameworks as part of the process of enhancing capacity and competitiveness of the sector in Africa. Speaking during the panel session on the subject, “The Game Changer: Enhancing African Gas Development Strategies and Investment Opportunities,” at the just-concluded African Energy Week, AEW 2023, in Cape…
Yemisi Izuora Seplat Energy Plc, has announces its unaudited results for the nine months ended 30 September 2023, recording a rise in revenue by 31 per cent to N478.1bn from N258.7bn year-on-year. The company also declared a Q3 2023 dividend of US3 cents per share, in line with higher core annual dividend of US 12 cents. The energy company also grew its 2023 gross profit to N245.6bn from N118.5bn year-on-year while production averaged 48,152 barrels of oil equivalent, boepd, up 11 per cent on 2022, with liquids production up 17 per cent. Operations benefited from improved uptime at Forcados Oil Terminal and availability of the Amukpe-Escravos pipeline,…
Richard Ginika Izuora Global oil and gas markets are set for another volatile week of trading after Israel began its long-anticipated ground operations in Gaza. The biggest risk to crude prices after the invasion remains any escalation to other regional powers. The Middle East supplies about a third of the world’s oil and Iran, which backs Hamas and other regional militant groups, said over the weekend that the incursion “may force everyone to take action.” Crude was trading on Friday when Israel stepped up ground operations, and West Texas Intermediate surged as much as 3.2 per cent to trade…
Joyce Onwuka On Monday, October 23, 2023, in a stunning victory for Nigeria, the High Court in London set aside the arbitration award obtained in January 2017 by P&ID, a British Virgin Islands registered company, against Nigeria. The award was originally for about $6.6bn but had increased to about $11bn as of the date of the court judgment because of interest. P&ID had brought the claim against Nigeria before the arbitral tribunal, alleging that Nigeria breached a gas supply and purchase agreement (GSPA) to supply gas to a P&ID project that was to be located in Calabar, Cross River…
Joyce Onwuka The President & Chairman of Council, Chattered Institute of Directors, CloD, Alhaji Tijjani Borodo, has expressed profound sadness as he pay tribute to Iyalode Alaba Lawson, an exceptional individual who graced the Institute with her presence and influence. Though she may no longer be physically with us, her memory and the impact they made will forever be etched in our hearts, the Chairman said. The Chairman, said the late, Iyalode Alaba Lawson, the Pioneer Chairman of the Abeokuta Branch of thenInstitute and an eminent Fellow of then great Institute, was not only a dedicated contributor but also…
Tunde Bakare President Bola Ahmed Tinubu has reminded the Nigeria Police Force (NPF) on the need to use daily interaction and influence with citizens across all walks of life to foster social integration by being fair, just and firm to both the complaint and the accused. Tinubu, stated this during the opening ceremony of the conference and retreat for senior police officers with a theme Fostering Economic Prosperity, Social Integration and Political Development through enhanced Internal Security Mechanism held at the Landmark Event Centre, Owerri in Imo State. Speaking through the Minister of Police Affairs, Senator Ibrahim Gaidam, the…