TROOPS of the Multinational Joint Task Force has said it neutralised 27 Islamic State in West Africa Province terrorists in collaboration with Air Task Force. It also said six traumatised females held hostage by the terrorists were rescued during a clearance operation. The Chief of Military Public Information Headquarters, MNJTF, Colonel Muhammad Dole, in a statement on Wednesday, said one soldier died during the operation. The statement read, “The ATF identified intelligence-driven targets which they engaged using multiple sorties in the vicinity of Tumbun Fulani and Tumbun Rago, where about 20 terrorists were neutralised. “The criminals, on sighting the…
Author: Orientalnews Staff
TELECOMMUNICATION subscribers under the aegis of the National Association of Telecoms Subscribers have said they are set to drag the Federal Government to court in May in a bid to temporarily suspend the government’s barring of subscribers’ outgoing calls. On Monday, April 4, the Federal Government ordered telecom companies to bar outgoing calls on all lines that have yet to link their National Identification Number and the Subscriber Identity Module. As a result of this, about 72.77 million active telecom subscribers were barred from making calls on their SIMs. In response to this, NATCOMS urged the Federal Government to extend…
Joseph Bakare The Federal Government would soon make public six new regulations that is expected to help harness the gains of the Petroleum Industry Act (PIA). The regulations would set fresh modalities for oil and gas royalty, award of oil blocks, fees and rentals for the industry. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), which disclosed this in Abuja explained that the new regulations being set on host community issues are coming in the face of energy transition and geo-political issues, which are ushering new dimensions to global economy. The new regulations are Nigerian Upstream Fee and Rent Regulations,…
Richard Ginika Izuora Oil major, Shell has commenced withdrawal of staff from its joint ventures with Gazprom PJSC as it moves forward with plans to exit investments in Russia response to the invasion of Ukraine. This is however, coming with a price as Shell said earlier this month that the withdrawal will result in $4 billion to $5 billion of impairments. Dozens of Shell employees on temporary assignment at the Sakhalin-2 liquefied natural gas export project in Russia were removed over the weekend to be relocated back to other offices, according to people with knowledge of the matter. Operations at…
Yemisi Izuora There is a renewed vigour by the Chinese Civil Engineering Construction Corporation, CCECC, which has dispatched to the construction site to begin work on the US$ 3bn 2044.1-kilometer Port Harcourt Maiduguri rail project that is expected to connect states in Nigeria’s south with those in the north via the eastern states. A fresh commitment from the Chinese firm was secured during a recent inspection, by Rotimi Amaechi, the Minister of Transportation, who was accompanied by Magdalene Ajani, the Permanent Secretary of the Federal Ministry of Transportation; Engr. Fidet Okhiria, the Managing Director of the Nigerian Railway Corporation, NRC…
Yemisi Izuora The International Finance Corporation (IFC), has expressed a partnership interest with Lagos State government by financing a $50 million local-currency loan to upgrade its two bus transport corridors running between Abule Egba-Command and Ile Iwe-Ile Epo neighbourhoods. These two neighbourhoods, which are in total eight kilometres in length, are the most densely populated and congested parts of the city. The projects are expected to benefit more than 150,000 passengers per day who will also experience reduced commute times. The bus corridor development is part of Lagos State’s Bus Reform Initiative, which aims to provide world-class, affordable public transport…
Yemisi Izuora Dangote refinery is providing technical training support to about 900 Nigerian Graduates in oil and gas. Dr. Ebele Oputa, AGM, Learning & Development & Stakeholder Relationship Management Dangote Projects, disclosed the plan while hosting members of the Society of Petroleum Engineers (SPE) and the Nigerian Content Development and Monitoring Board (NCDMB) at the Dangote Petroleum Refinery. Oputa said the company is dedicated to the training of young Nigerian engineers in Refinery Operations oversea and within the country. She noted that some young engineers employed by Dangote Petroleum Refinery are currently pursuing various doctorate and masters’ degrees in some…
…As African Startups Get $5.2Bn In 2021 Richard Ginika Izuora Nigeria, is now a hotbed of new fintech firms, and was reported as a leading destination for venture capital in Africa last year, surpassing South Africa, the continent’s most developed economy. African start-ups attracted a record $5.2 billion in venture capital last year, bouncing back from a pandemic-induced dip in 2020 with a nearly five-fold increase in investments, according to data released by an industry group on Tuesday. The success of companies like Nigeria’s Paystack, acquired in 2020 by US payments firm Stripe, and fellow fintech Flutterwave, valued at over…
Richard Ginika Izuora Flexcel Enterprises Limited, has through its legal representative OKC Chambers petitioned the Central Bank of Nigeria, CBN, alleging illegal debit of its account domiciled at Parallex Micro-finance Bank. In the petition dated Tuesday, 14 January 2020, and addressed to the Governor of the bank, by OKC Chambers and signed by Oluwole Kehinde, said the Bank has carried out illegal debit transactions on tge clients account valued at N3, 150, 000 (Three Million, One Hundred and Fifty Thousand Naira Only). According to the law firm, “Our client informs us that sometime in June 2016, one Deacon Armstrong Oyakhilome…
Gov. Chukwuma Soludo of Anambra has appointed Mr Christian Aburime as his Chief Press Secretary. Mr Paul Nwosu, Commissioner for Information and Public Enlightenment, announced the appointment in Awka on Tuesday. Nwosu said the governor had also made other appointments including Mr Chukwuemeka Agbata as MD/CEO Information and Communication Technology Agency. He said Mr Chike Anyaonu was appointed MD/CEO Anambra State Housing Development Corporation, while Mr Joe Anatune will head the Anambra State Signage and Advertising Agency as MD/CEO. Other appointments are, Mr Okey Ezeobi, GM/CEO Anambra State Bureau of Public Procurement; Mr Tochukwu Nweke, Special Adviser Legal; and Dr…