Vincent Ezenagu Ecobank Nigeria has concluded arrangements to host a consumer-focused income management webinar with the theme, “Maximizing your income: the power of diversification” for public and private sector employees as well as entrepreneurs in Nigeria being part of activities to commemorate the Workers Day. The webinar, slated for Friday, 5th May 2023 by 11am will feature a carefully selected panel of speakers. The keynote speaker is Dr.Yemi Kale, Partner and Chief Economist, KPMG Nigeria. He is a former Statistician General of the National Bureau of Statistics (NBS). Other speakers include Oluyemisi Ogunmola, Managing Director, EDC Fund…
Author: Orientalnews Staff
Yemisi Izuora The Managing Director/Chief Executive Officer, MD/CEO, of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan has commended the Judiciary and Nigerian Bar for collaboration with the Corporation in the diligent and timely prosecution of failed bank cases over the years. Hassan gave the commendation in Abuja at the sensitization seminar for external solicitors of the Corporation with the theme: “The role of NDIC external solicitors in the execution of the mandate of the Corporation”. He noted that the support from its external solicitors and the judiciary were evidenced by heightened diligence in handling of the Corporation’s…
Yemisi Izuora The Securities and Exchange Commission (SEC) has blacklisted six online trading platforms in its latest crackdown on illegal and unregistered firms purporting to offer investment and finance services and products. In a circular, the Commission stated “The Commission’s attention has been drawn to the under listed e-commerce Companies and their websites offering online trading platforms to the investing public. They are not registered by the SEC Nigeria and the financial services offered by them are also not authorized. The blacklisted firms include Prime Invest and “Primeinv.co, FXBoxed, New Finance LLC and New Fx Limited, Axi24, Evolve Consulting…
Joyce Onwuka As Nigeria joins others to commemorate International Worker’s Day, Godman Akinlabi, Global Lead Pastor, The Elevation Church, has called for review of working conditions of workers. While acknowledging and celebrating the dedication, hard work, and contributions of workers across the globe, despite the many challenges they face daily, he said concerted efforts should be made to improve workers welfare to enable them continue to make valuable contributions to the global economy and the sustenance of our society. “The past year has been especially challenging for workers as the fallouts of the COVID-19 pandemic have highlighted and exacerbated…
…As Nigeria Records $1.345bn Non Oil Export Q1 2023—NEPC Valentine Okafor The Executive Director, ED, Nigerian Export Promotion Council (NEPC), Dr. Ezra Yakusak, has disclosed that Nigeria recorded earnings of $1.345 billion from export of about 167 products in the first quarter of 2023. This is an increase of 8.50 per cent over the 1.249 billion dollars recorded in the first quarter of 2022, the ED, said in Abuja while presenting the first quarter progress report on non-oil performance for 2023. Of the ten top export companies, Indorama-Eleme Fertiliser and Chemical Limited took the lead with $182.804 million in…
Yemisi Izuora Japan has commenced moves aimed at strengthening economic ties with Africa which observers see as plot to weaken Chinese influence in the continent. Japanese prime minister Fumio Kishida was reported to have held talks with Egyptian president Abdel Fattah el-Sisi on April 30, on the first leg of a weeklong tour of Africa. The trip comes as the Japanese government looks to strengthen ties with the global south, ahead of hosting the annual G7 conference in Hiroshima this month. While in Cairo, Kishida addressed the Arab League an influential confederation of Arab-majority countries on the importance of…
Yemisi Izuora There are rising expeditions that more independent power producers, IPPs, may come on stream as Nigeria’s electricity industry migrates to medium term market. The Nigerian Electricity Supply Industry, NESI is currently in the second stage the transitional electricity market (TEM) on its evolutionary path, where the state-owned special purpose vehicle (the Nigerian Bulk Electricity Trading Plc, NBET, buys electricity in bulk from the generating companies and independent power producers (IPPs) and resells to the distribution companies (DisCos) under vesting contracts. As it transitions to the medium-term market, there are expectations that more IPPs to become operational, which…
Yemisi Izuora Nigeria has been listed among ten global countries with biggest gas reserves. Nigeria according to a report came after the United Arab Emirates, UAE, with natural gas reserves of 5.85 trillion cubic meters. This makes it the country with the largest proven natural gas reserves in Africa, but utilizing these reserves has lagged behind the utilization of its oil reserves. Natural gas has been hailed as the bridge between a fossil fuel past and a low-carbon future. It has also been demonized as a Trojan horse for the fossil fuel industry to continue to be relevant in…
Yemisi Izuora CSR-in-Action, has developed and and presented to the public the Earth Women. The Earth Women, is a groundbreaking documentary which spotlights human rights issues facing women in Nigeria, and was screened at EbonyLife Cinemas in Victoria Island, Lagos, for IHS Nigeria to help commemorate International Women’s Day. Earth Women was conceptualised by Bekeme Olowola, CSR-in-Action’s Chief Executive, and co-produced by veteran Nollywood actress and producer Ego Boyo. The film features powerful stories from women living in extractive communities, highlighting the daily challenges and barriers preventing them from achieving their full potential. In his welcome speech, Meka Olowola, Executive…
Yemisi Izuora As the world marks this year’s edition of Workers’ Day on May 1, 2023, the Managing Director and Chief Executive Officer of Sovereign Trust Insurance Plc, Mr. Olaotan Soyinka has hailed Nigerian Workers. Soyinka, referred to them as very diligent and dedicated while also describing them as invaluable human assets critical to the development and growth of the Nigerian economy. He made this statement at the company’s quarterly parley with the Press. He said the date, May 1, should be seen as a very important one because it is the day set aside to shower encomiums and…