L – R shows Jude Chiemeka, Divisional Head, Nigerian Exchange Limited (NGX); Weert Börner, Consul General, German Consulate General, Lagos; Temi Popoola, Chief Executive Officer, NGX; Irene Robinson-Ayanwale, Divisional Business Support Service, NGX and Elele Ogunsanya, Programme Officer, German Consulate General, Lagos during a courtesy visit by NGX to German Consulate General, Lagos on Wednesday.
Author: Orientalnews Staff
Valentine Okafor The Lagos Chamber of Commerce and Industry, LCCI, has commended the efforts of Alhaji Aliko Dangote, promoter of 650,000 barrels a day refinery located in Lagos. Expected to be Africa’s biggest oil refinery and the world’s single-trained facility, the Dangote Refinery will provide product sufficiency to meet Nigeria’s need for refined petroleum products, Dr. Chinyere Almona, Director General of the Chamber said, According to Almona, LCCI views the Refinery’s impact on the Nigerian economy as significant. It will save and generate foreign exchange. The Refinery will create jobs, positively affect the value of the Naira, broaden prosperity…
Yemisi Izuora Seplat Energy, has announced that its total revenue rose by 29.8 per cent to $951.8 million as at financial year ended Dec. 31, 2022. Mr Basil Omiyi, the Chairman of Board, while speaking at the company’s 10th Annual General Meeting (AGM) held virtually on Wednesday with shareholders, regulators, company directors, and the media. He also said that the profit before tax rose by 15.3 per cent to $204.4 million during the period under review. The Seplat Energy Plc, a Nigerian independent energy company is listed on the Nigerian Exchange Ltd. (NGX) and the London Stock Exchange (LSE).…
Yemisi Izuora The Federal High Court sitting in Yenagoa, Bayelsa State on Tuesday delivered a landmark judgment confirming the authority of the Nigerian Content Development and Monitoring Board (NCDMB) to collect the one per cent Nigerian Content Development Fund (NCDF) levy from every contract awarded in the Nigerian oil and gas upstream transaction. The judgement support the Boards position on that as mandated under section 104 of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act. The judgment was delivered in the case instituted by a group of Nigerian Drilling Companies known as Incorporated Trustees of the International…
Yemisi Izuora The highest court in Britain on Wednesday ruled that it was too late for people in Nigeria’s Niger delta region to lodge pollution claims against energy giant Shell after a huge oil spill more than one decade ago. The Supreme Court said in a statement that its five judges “unanimously” rejected an appeal over the 2011 spill, upholding prior rulings that claims were not made before a legal deadline. Nigerian claimants say their shoreline faced a “devastating impact” from a leak at the Bonga oilfield which unleashed 40,000 barrels of crude into the Gulf of Guinea. Shell…
L-R: Odinakachi Umekwe, Executive Director, Retail Distribution, Sanlam Life Insurance Nigeria Limited; Tunde Mimiko, Managing Director/Chief Executive Officer, Sanlam Life Insurance Nigeria Limited; Simi Simji Goshwe, Executive Director, Simji Girl Child Empowerment Initiative Orphanage; Cathy Sanni, Head, Human Resources, Sanlam Life Insurance Nigeria Limited; and Fidel Oke, Branch Head, Abuja, Sanlam Life Insurance Nigeria Limited at the presentation of cardigans and cash to the Simji Girl Child Empowerment Initiative Orphanage in Jos recently. Yemisi Izuora In line with its Corporate Social Responsibility exertions, Sanlam Life Insurance Nigeria Limited, formerly known as FBN Insurance Limited, recently donated cardigans and cash to…
L-R, Chairman, Nigeriam Bar Association FCT Branch Barr Afam Okeke, Executive Commissioner Legal and Enforcement Securities and Exchange Commission Mr Reginald Karawusa and Chairman / Chief Executive Officer, Investments and Securities Tribunal Hon Amos Azi during a Training Worshop on the Practice and Procedure of Investments and Securities Tribunal in Abuja Yemisi Izuora The Securities and Exchange Commission, SEC, is moving to profoundly key into effective and efficient dispute resolution mechanism by adjudicators who are subject matter experts to engender investors’ confidence. The Commission, said sustenance of dispute resolution option remains the best for the Capital Market, which is considered…
Yemisi Izuora The Senate has confirmed the appointment of Dr. Abdul Hakeem Mobolaji as chairman of the Governing Board of the Nigerian Deposit Insurance Corporation (NDIC), representing South West and six others Also confirmed by the Senate as board members of NDIC are Professor Osita Ogbu to represent South East, Umar Gambo Jibrin (North Central), Mohammed Attahiru Haruna (North East), Yasmine Zaabatt Amin Dalhatu (North West), Simon Ogie (South South) and Abimbola Olashore (South West). The confirmation of the nominees was sequel to the consideration of the screening report by the Senator Uba Sani, led Senate Committee on Banking,…
Yemisi Izuora Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings Plc, is one of the banks in the vanguard of processing specialized mortgage loans for Pension contributors. The Bank announced that its clients were amongst the first batch of approvals released by the National Pension Commission (PenCom), and it has successfully disbursed the mortgages. Having commenced the validation process for RSA holders that had shown interest in home loans, Stanbic IBTC was excited to have made the first payout to Mr. Kunle Oyetola and helped him achieve his lifelong dream of becoming a property owner in a short…
Yemisi Izuora The new President of the West Africa Insurance Companies Association, (WAICA), Mr Eddie Efekoha, has said that one of his priorities would be to engage the West African Insurance Supervisors (WAISA) to harmonise policies and regulations within the subregion as well as make WAICA a repository of information on insurance in West Africa. Efekoha, was speaking during his acceptance speech at his investiture as the 40th President of the Association where he also unveiled three- point agenda to give a new direction to the Association for the next one years. In other to achieve he said “the West…