Yemisi izuora The Group Managing Director, Consolidated Hallmark Insurance Plc, Eddie Efekoha, has been announced as the 40th President of West African Insurance Companies Association (WAICA). Efekoha was elevated to the position at the Closing Dinner of the West African Insurance Companies Association (WAICA) 50th Anniversary and Conference 2023, in Victoria Island, in Lagos. Efekoha is a Fellow of the Nigerian and United Kingdom Institutes; Group Managing Director, Consolidated Hallmark; 49th President & Chairman of the Governing Council of CIIN between 2018-2020 and 22nd Chairman of the NIA from 2016-2018. He is the Chairman of Hallmark HMO. He holds…
Author: Orientalnews Staff
Yemisi izuora The Nigerian Exchange Limited (NGX) has lauded the Association of Securities Dealing Houses (ASHON) for enhancing professionalism and ethical conduct in the market. This was disclosed at the Closing Gong Ceremony, yesterday, in Lagos, commemorating the return of members of the ASHON to the trading floor of NGX. Speaking at the ceremony, the Chairman of NGX, represented by Director on the Board of NGX, Mr Kamarudeen Oladosu , said the event served as a recognition of the “remarkable contribution of the Association to a dynamic, responsive, and vibrant capital market that has sustained service delivery to…
Yemisi Izuora The Chartered Institute of Stockbrokers (CIS) has inducted the Chief Executive Officer of Nigerian Exchange Limited (NGX) as a Fellow of the Institute on Monday, 8 May 2023. Delivering his welcome address at the event, the President and Chairman of Council, CIS, Mr Oluwole Adeosun, FCS, stated that the Fellowship of the Institute was the highest category of membership. “For a member of the Institute to become a Fellow, the individual must, in addition to professional excellence, pass the moral and integrity tests with flying colours. This gentleman has done just that.” In his…
Yemisi Izuora The Governing Council of the West African Insurance Companies Association (WAICA) has appointed Mr. Davis Ebelechukwu Iyasere as the new Secretary General/ Chief Executive Officer of the sub-regional body. This followed the retirement of the incumbent Secretary General/ CEO, Mr. William Coker. With this appointment, Iyasere becomes the first Nigerian to occupy the exalted position in WAICA’s 50 years of existence. Prior to his appointment, Mr. Iyasere was the Deputy Director in charge of Corporate Communications, Human Resource, and Administration at the Nigerian Insurers Association where he had a career spanning almost two decades. Whilst in…
Moses Ofodeme The Independent National Electoral Commission (INEC) has said that an amorphous group is spreading posters and statements accusing the Commission of refusal to obey the judgement of the Supreme Court purportedly recognizing one Chief Edozie Njoku “as the authentic National Chairman of APGA”. The Commission views the circulation of the posters and statements as cheap blackmail aimed at hoodwinking those not abreast of the details of the case. The INEC, noted that the issues in question are about facts, the law and due process not amenable to hysteria and appeal to sentiments. Making further clarification, INEC, said,…
Richard Ginika Izuora The Global Energy Security Market size is expected to reach $30.6 billion by 2028, rising at a market growth of 10.2 per cent. Rapid deployment of renewable energy, diversification of energy sources, enhanced energy efficiency, energy depots, and machine-usable energy types result in substantial energy security and economic benefits. Increasing pressure from the government and security compliance and regulation, as well as rising terrorism and cyber-attack threats, are driving the expansion of the energy security market, according to 2022-2028 outlook and forecast by ResearchAndMarkets.com. In addition, the expansion of the energy security market is positively impacted…
Valentine Okafor San Leon Energy Plc, has said it is considering a potential sale of its non-core investment in Decklar’s Nigerian arm. San Leon and Decklar Resources are both oil and gas companies focused on Nigeria. Decklar Petroleum Ltd is Decklar’s local subsidiary in Nigeria, in which San Leon has an 11 per cent shareholding. San Leon also has made a USD5.5 million loan to DPL, via 10 per cent per annum unsecured subordinated loan notes. Decklar told investors that the trucking of crude oil from the Oza oil field to Petrochemicals Co Ltd’s Edo refinery has continued. Total…
Yemisi Izuora The Governor of Ogun State, Dapo Abiodun, has said that the State is now ready to provide clean energy to its fast expanding industrial hub following massive natural gas distribution projects currently being executed in parts of the State. Abiodun, while commissioning the Ibefun 150 million metric standard cubic feet per day Natural gas city gate project executed by the NNPC Gas Marketing Limited, NGML and it’s joint venture partner, Transit Gas Nigeria Limited (TGNL) on Tuesday, said his administration is promoting industrial revolution to create jobs and improve Governments revenue generation. The Governor, who was elated…
Yemisi Izuora African Refiners and Distributors Association (ARDA) has estimated that Nigeria and other nations in Africa would require investment in excess of $7.5 billion to upscale Liquified Petroleum Gas, LPG, uptake by households in the continent. The Association said the continent remains the lowest in per capita Liquefied Petroleum Gas (LPG) consumption despite huge resources. The ARDA disclosed this at an LPG Virtual Workshop, as the group stressed that displacing Charcoal with clean cooking would cost Africa about $7.5 billion for downstream infrastructure and stoves. Executive Secretary of ARDA, Anibor Kragha said while Sub-Saharan Africa has 14.4 per…
Yemisi Izuora Lower oil prices has hit a blow on Saudi Aramco’s earning with a 19 per cent drop in quarterly profits compared to the same period in 2022. This according to report is its first year-over-year dip for the company since 2020. Despite that decline, Aramco primarily owned by the Saudi government is still among the world’s most profitable oil producers. Its first quarter profit of $31.9 billion, down from $39.5 billion a year earlier is nearly three times larger than the $11.4 billion earned by ExxonMobil Corp., the biggest US oil company. Aramco also beat expectations for…