Yemisi Izuora Pathway Advisors Limited, the Transaction Sponsor, Financial Adviser, Lead Issuing House and Lead Arranger, has announced the successful completion of Pivot Integrated Energy Services Limited’s maiden ₦100 billion Series 1 Commercial Paper issuance under its ₦300 billion Commercial Paper Programme. The landmark transaction marks Pivot’s first entry into Nigeria’s debt capital market and was met with strong demand from institutional and sophisticated investors, resulting in the issuance being oversubscribed at ₦100.08 billion. The outcome represents a significant vote of confidence in Pivot’s business model, management team, growth strategy and credit fundamentals, while underscoring the depth and resilience of Nigeria’s institutional investment market For…
Author: Orientalnews Staff
Joseph Bakare President Bola Ahmed Tinubu, has expressed excitement after the National Bureau of Statistics (NBS) report shows that Gross Domestic Product (GDP) for the second quarter of 2026 grew by 4.43 per cent, up from 4.23 per cent in the second quarter of 2025. The report also shows growth in agriculture, manufacturing, the oil and gas sector, and the service sector, which now dominates the economy in terms of contribution to aggregate GDP. In nominal terms, the country’s aggregate GDP in the second quarter stood at N119.27 trillion, up by 18.43 per cent from N100.7 trillion…
Yemisi Izuora Fourteen young graduates of engineering and geoscience backgrounds on Thursday in Port Harcourt, Rivers State, completed an intensive 12-month Nigerian Content Human Capital Development (NC-HCD) Training Programme of the Nigerian Content Development and Monitoring Board (NCDMB) and TotalEnerges in respect of Provision of Trelleborg Export Hoses and Accessories for Egina Floating Production, Storage, and Offloading (FPSO) Vessel. Structured into classroom-based instruction and hands-on training in the facilities of Fairtex Integrated Services Limited, Elelenwo, Port Harcourt, the programme covered database systems, data analysis, document control, supply chain, technical safety, and project management. The trainees received international certifications for…
By Olutayo Irantiola At the 80th United Nations General Assembly High-Level Political Declaration Meeting on Non-Communicable Diseases and Mental Health, Nigeria reaffirmed its global commitments to expand access to mental health services for millions of citizens and transition away from punitive suicide laws. This important step made the country join the global movement that treats attempted suicide as a public health and mental health concern rather than a criminal offence. Globally, the World Health Organisation (WHO) estimates that over 700,000 people die by suicide each year, making it the second leading cause of death among…
By Blaise Udunze Another Nigerian journalist is dead. The newsroom mourns. Photographs flood WhatsApp platforms. Colleagues and their readers or listeners write emotional tributes. Media associations issue condolence messages. Politicians describe the deceased as a “great professional.” Friends gather at the funeral. The body is buried. In several cases, the Nigerian journalist is often the first person to arrive when tragedy strikes and the last person society remembers when tragedy takes him. Come to think of it, he stands under the scorching sun at political rallies, spends nights in hospitals waiting for updates. Painfully, he risks…
Precious Obogo Coronation Art Gallery has officially opened The Value of Belief — Collectors, Conviction and the Making of Cultural Futures, welcoming guests to an evening that marked the beginning of its most ambitious exhibition programme to date. The opening at Coronation Plaza, Victoria Island, Lagos, brought together senior executives across the Group, business leaders, collectors, artists, and media, and was also graced by Aigboje Aig-Imoukhuede CFR, Chairman of Coronation Group, and members of the Board. The exhibition presents works from the private collections of three distinguished Nigerian collector-patrons — Kayode Adegbola, Kola Aina, and Seyi Ajibola — whose decades…
Yemisi Izuora The Board of Directors of Access Holdings Plc has approved the Group’s Audited Interim Consolidated and Separate Financial Statements for the half-year ended 30 June 2026. The financial statements were considered and approved by the Board at its meeting held on 27 August 2026 and will now proceed through the required regulatory process, including approval by the Central Bank of Nigeria (“CBN”). Following receipt of the CBN’s approval, Access Holdings will publish the audited financial statements through the Nigerian Exchange Limited (“NGX”) and make them available to shareholders, investors and other stakeholders through the Group’s established communication…
Uche Cecil Izuora The Federal Government is addressing massive energy theft along the 132kV Ikorodu–Sagamu industrial corridor, where unaccounted power losses have climbed to 100 megawatts, inflicting an estimated annual revenue loss of ₦120 billion on the electricity market. The Minister of Power, Joseph Tegbe, announced the intervention during a high-level stakeholder meeting with industrial operators, key market participants, and energy regulators in Lagos. Addressing the gathering, Tegbe issued a firm directive mandating a transparent, science-based investigation into the substantial discrepancies between the volume of electricity transmitted along the axis and the energy officially billed and accounted for by…
Yemisi Izuora SanlamAllianz Nigeria, comprising SanlamAllianz Life Insurance Nigeria and its subsidiary, SanlamAllianz General Insurance Nigeria, has launched its Proud Moments 2.0 campaign. The campaign is an initiative designed to celebrate personal journeys, milestones, achievements, and everything that makes a person proud. The campaign marks a refreshing shift from the traditional fear-based approach or uncertainty to insurance, reframing the narrative through positivity and the recognition of life’s hard-earned achievements. Built around the powerful proposition, “You’ve Earned It. Celebrate It”, the Proud Moments 2.0 campaign shines light on not just one person’s successes, but also on the invaluable support systems:…
Joyce Onwuka The National Agency for Science and Engineering Infrastructure (NASENI) has extended its Sustainable Empowerment Programme (NSEP) to Lagos State, empowering 1,000 beneficiaries with clean energy solutions, livelihood support and practical skills training as part of efforts to deploy technology that directly improves the lives and economic opportunities for Nigerians. The Lagos edition of the programme, held on Friday, 28th August 2026 at the LTV Blue Roof, Ikeja, featured the distribution of 400 NASENI Power Stoves, 100 NASENI Home Solar Solutions and NASENI Support Packs, as well as practical skills training in Plaster of Paris (POP) installation and…