Nigerian banks have been hit by an exodus of tech talent, chief executives of the nation’s lenders say. “So many of our very experienced talents especially in the area of software engineering are either leaving the industry or leaving the country,” Abubakar Suleiman, chief executive officer of Sterling Bank Plc, told reporters at the end of a meeting of bank CEOs on Thursday, according to a voice recording shared by the central bank. He referred to it as a “great resignation.” The meeting came as traditional lenders in Africa’s largest economy face stiff competition for talent from technology startups attracting…
Author: Orientalnews Staff
Richard Ginika Izuora The United States has approved a nearly $1 billion weapons sale to Nigeria after lawmakers had put a hold on the deal over concerns about possible human rights abuses by the Nigerian government. In July, the Senate Foreign Relations Committee and the House of Representatives Foreign Affairs Committee put a hold on the sale of 12 AH-1Z Cobra attack helicopters made by Bell On Thursday, the State Department made the determination that it would approve the sale of the attack helicopters worth $997 million. “This proposed sale will support the foreign policy goals and national security objectives…
Yemisi Izuora The Manufacturers Association of Nigeria (MAN), has commiserated with the entire family, friends and associates of Late Engineer Joseph Oyeyani Makoju who was a long-standing member of the National Council of MAN, over his demise after a brief illness. The news of his passage was sudden and saddening, remarked Segun Ajayi-Kadir, Director General of the Association. Ajayi-Kadir, said Makoju, played a significant role in the advancement of the Association’s advocacy efforts and ranks high in contributions to its growth for more than three decades and brought his wealth of experience in the public and private sectors to bear…
Uche Cecil Izuora Oil climbed as supplies from Libya were interrupted and Russia warned of the potential for record prices if more nations ban its energy. West Texas Intermediate traded above $107 a barrel after rallying last week by the most in two months. Two Libyan ports were reportedly forced to stop loading oil after protests against Prime Minister Abdul Hamid Dbeibah, with output halted at El Feel, a 65,000-barrel-a-day field. Crude’s market structure moved deeper into a bullish pattern, with Brent’s prompt spread back above $1 a barrel. Russia’s Deputy Prime Minister Alexander Novak said if more nations banned…
By FEMI ADESINA Security is everything, nobody can dispute that. You have to be alive to enjoy every other thing government is providing; roads, rail, bridges, airports, food security, in fact, everything. That is why whenever you hear President Muhammadu Buhari talk of the priorities of his administration for the country, he starts with security, stressing that before you can efficiently manage an organization, town, city, or country, you first have to secure it. He then proceeds to talk about reviving the economy, and fighting corruption. But security is always number one. Does Nigeria have security challenges? Severe ones. I’ve…
The National Agency for the Prohibition of Trafficking in Persons (NAPTIP), says it has rescued 65 victims of alleged human trafficking in Niger Republic. NAPTIP’s Zonal Commander in charge of Kano, Mr Abdullahi Babale, made this known in an interview with the News Agency of Nigeria (NAN) on Sunday in Kano. He said the victims were apprehended by operatives of the Nigeria Immigration Service and the Nigerian Police Force at the Kongolam entry post in Katsina State on the Nigeria – Niger border. Babale said that the victims were Nigerian citizens comprising 17 males and 48 females aged between 15…
Second half goals from Ruben Loftus-Cheek and Mason Mount saw Chelsea overcome Crystal Palace 2-0 in the FA Cup semi-final at Wembley Stadium on Sunday. Chelsea will now face Liverpool in the FA Cup final. Former Crystal Palace loanee Loftus-Cheek put Chelsea ahead after 65 minutes when Kai Havertz’s cross from the right took a deflection out to the winger. He hammered a shot which hit defender Joachim Andersen before flying into the net. Mount added a crucial second goal just over 10 minutes later and sealed the victory for Chelsea. He pushed Timo Werner’s ball from the edge of…
Dr Bashir Jamoh, Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), says the agency remains committed to the development of the Nigerian Maritime University (NMU), Okerenkoko, Delta. Jamoh gave the assurance when a delegation from the university paid a visit to NIMASA management in Lagos, according to a statement he issued on Sunday. Jamoh said that in spite of handing over of the university to the National Universities Commission, NIMASA was committed to supporting NMU by completing projects it initiated there. Jamoh advised the management of NMU to seek national and international accreditations to ensure that certificates from the school…
Minister of Labour and Employment, Sen. Chris Ngige, has joined the race for the presidential seat. His media office stated on Sunday that the minister had been consulting stakeholders in his All Progressives Congress (APC) party as well as stalwarts of opposition political parties. He is scheduled to publicly declare his intention on April 19, the media office stated. It added that Ngige gave his explanation for consulting opposition political parties when he addressed his supporters at Amansea, a border town with Enugu State after visiting Gov. Ifeanyi Ugwuanyi. The media office stated also that Ngige’s standpoint was informed by…
Richard Ginika Izuora The Nigerian military is asking for more cooperation from the public to help in the battle against oil theft in the Niger Delta region. The Chief of Defence Staff, General Lucky Irabor, who is championing the cooperation has pleaded with all stakeholders in the region to support efforts in tackling the challenges of oil theft, vandalism of critical infrastructure and other criminal activities in the area. Irabor, was at the palace of the Amayanabo of Nembe Kingdom, King Edmund Daukoru in Nembe Local Government Area of Bayelsa State, where he made the call. He said he came…