Yemisi Izuora The Nigerian Oil and Gas Park Scheme (NOGaPS), being developed by the Nigerian Content Development and Monitoring Board (NCDMB) would drive the promotion of manufacturing in Oil and Gas industry and its linkage sectors in Nigeria. The General Manager of Corporate Communications at the NCDMB, Ginah O. Ginah noted that apart from notable infrastructures coming with the park, there are provisions and land spaces for willing investors to develop customized facilities that will add value to their activities at the park. According to him, the park is willing to allocate plots for developments like filling stations, manufacturing…
Author: Orientalnews Staff
Francesca Odimgbe Lagos State Government and the Government of Sweden have pledged to work together to promote clean energy development especially around the evolving transport infrastructure sector. This was the high point of engagement when the Lagos State Governor Babajide Sanwo-Olu, on Friday, received the Ambassador of Sweden to Nigeria and other ECOWAS States, Ms. Annika Hahn-Englund, on a courtesy call at the State House, Marina. He said Lagos State Government was not unaware of the emerging issues surrounding operations of public transportation, disclosing that plans were underway towards strengthening safety and improving transport infrastructure to give commuters new…
Yemisi Izuora The FMDQ has approved the registration of the CardinalStone Partners Limited ₦20.00 billion Commercial Paper Programme on the Exchange platform. CardinalStone Partners Limited is a multi-asset investment management firm that provides services encompassing financial advisory, asset management, securities trading, share registration, and consumer finance on a retail and institutional scale. This CP Programme, which is sponsored by FBNQuest Merchant Bank Limited (Lead Sponsor); Emerging Africa Capital Advisory Limited, CardinalStone Partners Limited, FCMB Capital Markets Limited and United Capital PLC (Co-Sponsors) – all Registration Member (Quotations) of the Exchange, allows the Issuer to efficiently raise short-term finance from…
Yemisi Izuora Access Bank PLC, the flagship company of Access Holdings Plc, has officially launched its subsidiary in Paris, France, in continuation of its expansion strategy. The Bank’s operations will focus on trade finance, initially capitalising on flows between Africa and France, particularly Francophone Africa. Herbert Wigwe, Group Chief Executive Officer of Access Holdings PLC, speaking on the purpose of the Bank’s strategic expansion efforts said, “Access Bank PLC, today, has a very strong presence in the United Kingdom, but coming on the heels of Brexit, there was a need for us to establish a presence in another country…
Joyce Onwuka The Association of Nigeria Artisans and Technicians (ASNAT), has urged the in-coming administration to overhaul the Small and Medium Scale Enterprises Development Agency of Nigeria (SMEDAN, NDE, and Industrial Training Fund (ITF). The Association of Nigeria Artisans and Technicians (ASNAT), alongside with the Rikiji Foundation, observed that as movers of Nigeria’s micro economy and service providers, they had been so much neglected by previous administrations. Led by Hon Sanusi Gusau, they claimed that the aforementioned agencies saddled with the responsibility to look after the functionality of artisans and technicians in the country had failed to live up…
Ken Okeke The Nigerians in Diaspora Commission (NiDCOM) has confirmed that a total of 2,246 Nigerians have so far been evacuated from Sudan. Head of Media, Public Relations and Protocols Unit of NiDCOM, Mr Abdur-Rahman Balogun, stated this on Friday in Abuja, while giving updates on the Federal Government’s evacuation efforts since May 3. He said on May 3, 94 evacuees, comprising 78 males and 16 females, boarded NAF C130 plane, while 274 boarded Air Peace plane from Aswan Airport, Egypt. Balogun said on May 5, 130 Nigerians also boarded Tarco Airline, while on May 6, 131 evacuees boarded…
Yemisi Izuora Digital banking services may be disrupted with customers unable to transact money transfers as Telecommunications operators threatens to disconnect Deposit Money Banks (DMBs). The Operators under the aegis of the Association of Licensed Telecommunications Operators of Nigeria (ALTON) said they have been allowed by the Nigerian Communications Commission (NCC) to take the action following inability of the banks to pay the debt owed them for Unstructured Supplementary Service Data (USSD) services which is over N120 billion. Chairman of ALTON, Engr, Gbenga Adebayo, said the approval was granted because despite multiparty stakeholder efforts to resolve the situation and…
Yemisi Izuora The Institute of Directors Nigeria (IoD), the premier corporate governance Institute and a leading promoter of ethical professional standards in Nigeria, has concluded plans to mark forty (40) years of its existence in grand style. Dele Alimi, Director General/Chief Executive Officer of The Institute of Directors Nigeria (IoD) said: “The year-long celebration is expected to climax with an anniversary gala, scheduled to hold on Wednesday 17th May, 2023 at the prestigious Eko Hotels and Suites” According to Alimi, the anniversary gala is intended to serve as a springboard to promote the imperatives of good corporate governance and…
Yemisi Izuora The National Insurance Commission, NAICOM, wary of the technicalities in the International Financial Reporting Standard (IFRS) 17, expected to commence by June 2023, has advised all the stakeholders in the insurance sector in the country to key into the new reporting template. The NAICOM, explained that when they educate themselves they can effectively monitor financial positions of their companies. Commissioner for Insurance Sunday Thomas, gave the advise when members of Independent Shareholders Association of Nigeria (ISAN) visited the Commission in Abuja. Thomas told the shareholders that IFRS 17, would change how insurance companies present and report their…
Yemisi Izuora The FMDQ Securities Exchange Limited has approved the Nigerian Breweries PLC ₦16.49 billion Series 1, ₦5.03 billion Series 2, and ₦45.74 billion Series 3 CPs under its ₦100.00 billion CP Programme for admittance on the Exchange’s platform on January 30, 2023. The Nigerian Breweries Plc, is the pioneer and largest brewing company in Nigeria, engaged in the making and selling of lager, stout, non-alcoholic malt, and soft drinks. Nigerian Breweries operates over ten (10) breweries and approximately two (2) malting plants across the country. Through the registration of this CP Programme, which is sponsored by Stanbic IBTC…