Ignatius Okakpu Three aircraft sent from Nigeria have landed at Aswan International Airport in Egypt for the evacuation of Nigerians fleeing from the war in Sudan. The National Emergency Management Agency disclosed this on its Twitter handle on Thursday. According to NEMA, the aircraft are those in the fleet of Taco Air, Azman Air and Max Air. According to the emergency response agency, while Azman Air arrived earlier, Max Air place arrived at about 10pm on Thursday. NEMA tweeted on its Twitter handle: “Two aircrafts with high capacity belonging to Max Air Ltd and Azman Air have departed Nigeria…
Author: Orientalnews Staff
Ignatius Okakpu The Nigerian Air Force C130 and an Air Peace aircraft have brought about 376 Nigerians from Sudan representing first batch of evacuees into Abuja at about midnight on Wednesday. The evacuees were received at the Nnamdi Azikiwe International Airport, Abuja by the Minister of Humanitarian Affairs and Disaster Management, Sadiya Farouq, and Chairman/CEO of the Nigerians in Diaspora Commission, Hon. Abike Dabiri-Erewa. While the NAF C130 ferried 94 passengers, Air Peace had 272. Speaking at the reception for the evacuees who were flown in from Aswan International Airport in Egypt, Farouq announced a cash donation of N100,000…
Richard Ginika Izuora The media organizations in India are struggling over a global downturn in advertising revenues. Already, flagships such as Hindustan Times, New Delhi Television (NDTV), and Zee have had quarterly profits squeezed even as persistently high inflation and aggressive interest rate hikes have compelled them to rein in costs. The NDTV, for instance, recorded a 97.6 per cent plunge in quarterly profit due to weak advertising demand. hT Media posted $2.65 million in losses in the December quarter due to lower ad spends and high newsprint prices; it had recorded profits a year ago. Reliance Industries-owned Network18…
Valentine Okafor The Director General, DG, of the National Youth Service Corps, NYS, Brigadier General YD Ahmed has approached the National Information Technology Development Agency (NITDA), for technical assistance and ICT equipment from. The DG, made the approach to allow for a smooth take-off of the new ICT centre situated at NYSC National Directorate Headquarters in Maitama, Abuja. This is coming as the Scheme prepares for the 50th anniversary celebration of its establishment. Ahmed stated this when he led some management staff of the Scheme on a courtesy visit to the Director General of NITDA, Malam Kashifu A. Inuwa…
Yemisi Izuora NSIA Group, has acquired four insurance subsidiaries of SANLAM Group. The decision is aimed at strengthening its positions in West and Central Africa The Group began this acquisition in 2021 with the following subsidiaries of SANLAM group: Sanlam Life Insurance in Togo; Sanlam Life Insurance in Gabon; Sanlam Non-Life Insurance in Congo and Sanlam Non-Life Insurance in Guinea. According to the Chairman of NSIA Group, Jean K. DIAGOU: “For 26 years, the NSIA Group has been implementing a controlled development strategy for its activities. This is what allows us to establish ourselves permanently in each of the…
Yemisi Izuora A rare bouquet of financial opportunities have been generously offered to women in Nigeria, who had suffered decades of limited access to finance to run their businesses ” However, with the unveiling of the Blue Blossom Community, by Stanbic IBTC Holdings, a member of Standard Bank Group, women are more now excited as those of them from 18 years and above now have access to various discounted financial solutions, including savings, investment, insurance, pensions, trusts, and loans for personal or business use. The Holding firm said the launched Blue Blossom community, is a gathering of women from…
Joseph Bakare The Institute of Directors Nigeria (IoD), the premier corporate governance Institute and a leading promoter of ethical professional standards in Nigeria, has announced the appointment of Segun Alabi as its new Head of Corporate Affairs and Programs. Dele Alimi, Director General/Chief Executive Officer of The Institute of Directors Nigeria (IoD) said: “Segun Alabi is a talented Corporate Affairs professional, who has gained diverse experience in the Pay T.V, Financial, Real Estate and Manufacturing sectors. He will be an added value and a real asset to the Institute, as we continue to support, promote and provide best practice…
Richard Ginika Izuora French energy giant, has gone to court seeking to reverse a report it considered incorrect about its emissions volume. The firm has filed a lawsuit against Greenpeace France and climate consulting company Factor-X over a report that claimed that Total had significantly underestimated its emissions from burning fossil fuels. The report released in November by Greenpeace France, said that Total massively undercounted the emissions it reported in 2019, which amounted to 455 million metric tons of carbon dioxide (CO2). Greenpeace’s report alleged that Total’s emissions were four times higher, at 1.6 billion tons of CO2. Total…
Yemisi Izuora There are concerns following available data inciting that through to 2030, Africa’s annual crude oil and condensate production is forecasted to decrease by a Compound Annual Growth Rate, CAGR of 8.78 per cent to reach 2.86 million barrels per day, mmbpd. GlobalData through which the report emanated uses proprietary data and analytics to provide a complete picture of the global oil & gas fields segment. The total crude oil and condensate production of Africa in 2022 was 6.11mmbpd a decrease of 0.81 per cent when compared to 2021. The largest oil producing countries in Africa are Nigeria,…
Yemisi Izuora Oil major, Shell has reported an adjusted earnings of $9.6bn in the first quarter of 2023, with more cash on the way for shareholders. Total distributions from the energy giant to its holders during Q1 totalled $6.3bn, drawing criticism of the firm amid the cost-of-living crisis. Shell announced today a further $4bn of share buybacks, to be completed by the second quarter of the year, which follows another $4bn announced in Q4 which is now completed. Despite Shell having lower realised oil and gas prices, adjusted earnings are up 5 per cent on the profits of the same…