Yemisi Izuora Stanbic IBTC Pension Managers Limited, a subsidiary of Stanbic IBTC Holdings PLC, has received an Initial Management Quality Rating of MQ2(NG)(mq) with a Stable Outlook from Global Credit Ratings (GCR). The rating demonstrated the company’s commitment to excellence in all aspects of its operations. The GCR, the rating agency, gained expertise in assessing the creditworthiness of financial institutions, corporates, and government entities, and had established itself as a leading rating agency in Africa. The GCR adopted a Management Quality (MQ) rating system that ranked from the highest rating of ‘MQ1’ to the lowest rating of ‘MQ5’. These…
Author: Orientalnews Staff
Valentine Okafor E-commerce spending in Nigeria has grown to $ 13 billion annually and is expected to hit $ 75 billion in revenue annually by 2025, according the Federal Government. Nigeria has experienced a significant shift in consumer behaviour over the past decade, largely due to the rise of e-commerce as the convenience of being able to purchase products from the comfort of their homes or offices has made online shopping the preferred option for many Nigerians. This according to stakeholders has revolutionised the Nigerian retail landscape, opening up new opportunities for consumers and businesses. With almost half of…
Yemisi Izuora The African Petroleum Producers’ Organization (APPO) is close to closing funding gap which has hindered major oil and gas projects in Africa, as the Organization said that it is putting the finishing touches to establish the Africa Energy Bank (AEB). The Bank when established will offer alternative funding source for oil and gas projects on the continent after international financing institutions have started scaling back their funding, citing stringent conditions and environmental concerns. Speaking at the just concluded Nigeria International Energy Summit (NIES) in Abuja, APPO’s Secretary General, Omar Farouk Ibrahim, explained that the drying investment in…
Richard Ginika Izuora Sahara Energy International, Geneva, a member of the Sahara Group has restated its commitment to promoting diversity, inclusion, and global sustainable development through participation in the respected Generali Genève Marathon which is held annually in Geneva, Switzerland. Speaking at the 17th edition over the weekend, Kola Motajo, Director, Sahara Group, said the privilege of running in the marathon that is dedicated to making a difference is treasured by the Sahara Family. “This is an event we look forward to in Sahara each year. We have Saharians who participate in different categories of the Generali Genève…
Joseph Bakare Global diesel generator market has been predicted to rise to $23.4 billion by 2028 from $16.5 billion in 2022, exhibiting a growth rate of 5.7 per cent during 2023-2028. According to IMARC Group’s latest report, titled “Diesel Generator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the market is majorly driven by the escalating demand for reliable power supply, particularly in the merging economies. This can be attributed to the rising energy consumption levels across the globe, resulting in a higher demand for uninterrupted power supply. In line with this, the rising adoption of…
Joseph Bakare The Director General, DG, of the National Youth Service Corps, NYSC, Brigadier General YD Ahmed, has urged Corps Members to utilize the opportunities of the service year to contribute their immense quota to national unity and socio-economic development of the country. Ahmed disclosed this while addressing Corps Members at the NYSC Cross River State Orientation Camp in Obubra and their colleagues at Ebonyi State Orientation Camp in Afikpo. He commended the previous batches of Corps Members since 1973 till date, for their selfless services through the improvement of the education, health, agriculture, rural development, awareness creation on…
Yemisi Izuora Stanbic IBTC Bank Plc, a member of Stanbic IBTC Holdings Plc, has announced its upcoming Women-in-Tech event. Themed “Embracing Equity: Building Digital Skills for Life”, this event is the third edition and is set to hold virtually. The Women-in-Tech event aims to promote women’s growth and development in technology and create a platform for networking, collaboration, and skill-building among women. It will bring together thought leaders, experts, and stakeholders in the tech industry to discuss gender equity, digital skills development, and career advancement opportunities for women in tech. The event will feature a lineup of notable speakers…
Ken Okeke Dana Air has signed a Memorandum of Understanding, MOU with Crew Training Institute for customer service efficiency, poise, etiquette and finishing school training for it’s Frontline employees. According to the Chief Operating Officer of Dana Air, Ememobong Ettete, ”Dana Air is committed to always raising the bar of it’s standards across every facet of our operations and this is one step we would continue to take to take to ensure excellent service delivery to our customers” For us, it’s not just about flying our customer safely but ensuring the experience is hitch-free, seamless and pleasant for our…
Yemisi Izuora As part of efforts to ensure the continued enlightenment of investors to enable them take more informed decisions, the Securities and Exchange Commission is set to hold an enlightenment programme for staff of the Federal Road Safety Corps. The Enlightenment programme with the theme “Investor Safety” is to be held across 12 Zonal Commands in the country. The campaign is expected to hold in Kaduna, Sokoto, Adamawa, Kwara, Bauchi and Plateau states. The enlightenment campaign to the FRSC zones is in continuatuon of collaboration between the Commission and the Corps to ensure that staff members are knowledgeable…
Richard Ginika Izuora Ikeja Electric Plc (IE) in its efforts to curb vandalism of electrical equipment within the company’s network, has engaged the Lagos Command of the Nigeria Security and Civil Defense Corps (NSCDC). Speaking during the strategic meeting with the new helmsman of the Lagos State NSCDC Command on Thursday, 4 May, 2023, the Chief Security Officer, Ikeja Electric, Michael Igbodipe welcomed the new Commandant to Lagos and commended the Agency for their tremendous support in protecting Ikeja Electric’s infrastructure and ensuring that some vandals are brought to justice. Igbodipe stated that it is important and expedient to…