Yemisi Izuora Stanbic IBTC Bank, a member of Standard Bank Group, and Nucleus Software, a leading provider of lending and transaction banking solutions, have successfully advanced to FinnAxia® 9.0, marking a significant milestone in their long standing partnership and shared commitment to driving innovation in transaction banking. The milestone reflects more than a decade of collaboration between both organisations in strengthening transaction banking capabilities and delivering enhanced value to corporate and institutional clients. As customer expectations continue to evolve and businesses increasingly demand seamless, real time and digitally enabled banking services, Stanbic IBTC Bank and Nucleus Software remain focused…
Author: Orientalnews Staff
Yemisi Izuora Nestlé Nigeria has marked the fifth anniversary and 10th edition of its Empowering Rural Women Initiative by supporting 50 women retailers in Zaria, Kaduna State, with practical business training and grants in the form of Nestlé products valued at three times their existing stock. The intervention also marked the beginning of a three-month mentorship period designed to help the women apply their training, manage the additional stock effectively and build stronger, more sustainable businesses. Launched in 2021, the Empowering Rural Women Initiative supports women retailers who have demonstrated the determination to grow their businesses but have limited…
Uche Cecil Izuora Egypt has announced the opening of a new international licensing round for oil and natural gas exploration, putting 14 onshore and offshore areas on offer as the government steps up efforts to attract upstream investment and increase domestic hydrocarbon production. Petroleum and Mineral Resources Minister Karim Badawi announced the 2026 bid round during a meeting with executives of international oil companies operating in Egypt. The discussions focused on current exploration and production activities, planned field development programmes and opportunities to expand output over the next five years. The latest licensing round covers acreage in several of…
Uche Cecil Izuora The Minister of Power, Joseph Tegbe, has called for swift implementation of the Nigeria-China Aquatic Products Protocol, urging that the landmark agreement be translated into higher exports, foreign exchange earnings and stronger opportunities for Nigerian businesses. The Minister spoke during a courtesy visit and reception after the signing of the Nigeria-China Aquatic Protocol by the Chinese Ambassador to Nigeria, H.E. Yu Dunhai, accompanied by Zhu Songbo, the Embassy’s Chief of Political Section, and the Deputy Director of the Economic and Commercial Section; the Comptroller-General of the Nigeria Agricultural Quarantine Service (NAQS), Dr Vincent Isegbe; and representatives…
Uche Cecil Izuora The Midstream and Downstream Gas Infrastructure Fund (MDGIF), is broadening global cooperation to attract more funds that will enable it execute critical projects that will unlock new investments in the gas industry. The collaboration is part of the Fund’s strategy to bridge a reported $20 billion annual deficit in Nigeria’s gas infrastructure. Fund is collaborating with international partners, including through a $500 million agreement signed with Afreximbank, to achieve its objectives. The Executive Director of the MDGIF, Oluwole Adama, says that the sector is highly capital-intensive and largely unattractive to commercial lenders. He however disclosed that…
Uche Cecil Izuora Solar generation surged again in 2025 and, for the first time, surpassed wind as a source of global electricity, the latest Statistical Review of World Energy has shown. Meanwhile hydropower remains the largest renewable source overall, but solar is now the fastest-growing major component of the world’s renewable power supply, shows a report by Oilprice.com Worldwide electricity generation reached about 32,202 terawatt-hours (TWh) in 2025. Hydroelectricity, wind, solar, and other renewable sources combined generated approximately 10,749 TWh. That means renewables supplied about 33.4 per cent of global electricity. Hydroelectric power remained the largest contributor at 4,479…
Yemisi Izuora Efforts to expand Nigeria’s indigenous research and technological capacity received a major boost on Thursday as NLNG and the Nigerian Content Development and Monitoring Board (NCDMB) broke ground for the NLNG Research and Innovation Centre for Computer and Electrical Engineering (RICCEE) at Rivers State University. The project, NLNG’s largest Human Capital Development Institutional Strengthening initiative to date, is designed to enhance the University’s capacity to undertake advanced, industry-relevant research, provide specialised training and develop technological solutions in computer and electrical engineering for Nigeria’s energy and industrial sectors. In addition, a professorial chair, structured to…
Moses Ofodeme Kimpact Development Initiative (KDI) a democracy, governance and civic technology organisation has announced the deployment of 389 observers and operational personnel to monitor Osun State Governorship election scheduled for Saturday August 15, 2026. The Executive Director of the Kimpact Development Initiative (KDI) Bukola Idowu made this known in a statement, explaining that the observers will be led by renowned human rights lawyer, Dr. Abiola Akiyode- Afolabi The statement added that the faculty includes Abutu Yaro(Retired Assistant Inspector General) (Rtd.), former Deputy Inspector-General of Police and election security expert; Oluwole Osaze-Uzzi, former Independent National Electoral Commission(INEC) Deputy Secretary…
…. Demand Shoreline Protection, Emergency Intervention Precious Obogo Twenty coastal communities in the oil-producing parts of Ilaje Local Government Area, Ondo State have threatened to boycott the 2027 general elections if the Federal and Ondo State governments fail to intervene to protect them from the devastating ocean surge threatening their existence. In a statement following a peaceful protest to the local government headquarters in Igbokoda, the communities said the advancing Atlantic Ocean had swallowed large parts of their settlements. They demanded urgent government intervention, including sea walls, groynes and other shoreline protection measures, to save them from the worsening…
Yemisi Izuora Stakeholders at the second QEDNG Creative Powerhouse Summit, have said that Nigeria’s creative economy cannot achieve its full potential on talent alone. According to them, it requires stronger structures, access to finance, skills development and better protection of intellectual property. The summit, organised by Mighty Media Plus Network Limited, publishers of QEDNG, was held on Tuesday at the Radisson Blu Hotel, Ikeja GRA, Lagos, with the theme “Creativity, Culture and Nigeria’s Next Chapter”. The event brought together filmmakers, music executives, content creators, journalists, business leaders, government officials and other stakeholders to examine the structures, financing, skills,…