Uche Cecil Izuora The Organization of Petroleum Exporting Countries (OPEC) says that Saudi Arabia reported an increase of crude oil production by just over 1 million barrels a day (MMbpd) in July, a reflection of the recovery among Persian Gulf producers during a brief ceasefire in the Iran war. The kingdom told the group it pumped 8.2 MMbpd of crude in July, up from 7.1 MMbpd in the previous month, according to a report from the Organization seen by Bloomberg on Wednesday. That’s still several million below pre-conflict levels. It’s also about 780,000 bpd higher than the volume it…
Author: Orientalnews Staff
Uchenna Cecil Izuora The Seme Area Command of the Nigeria Customs Service (NCS) recorded ₦19,840,280,788.50 in revenue between January and July 2026, even as it intercepted 1,306 sacks of expired and waste noodles, 1,268 bags of foreign parboiled rice, 373 parcels of Cannabis Sativa and other contraband with a combined Duty Paid Value (DPV) of N365.16 million. The Command also intercepted 3,300 cartridges of explosive materials allegedly being illegally conveyed through the border corridor, alongside pharmaceutical products and 310,000 sticks of cigarettes. The Customs Area Controller, Seme Command, Comptroller Abdullahi Shuaibu Kaila, disclosed this on Tuesday during a press briefing…
The Nigerian Insurers Association (NIA) has applauded the National Insurance Commission (NAICOM) for the disciplined manner in which it has rolled out the minimum capital requirements set out under the Nigerian Insurance Industry Reform Act (NIIRA) 2025. In a statement issued today, NIA Chairman Mrs. Ebelechukwu Nwachukwu commended the regulator’s methodical approach, noting that clear guidelines, careful verification procedures, firm deadlines, and close supervisory oversight gave operators a dependable roadmap for navigating the recapitalisation process. According to Mrs. Nwachukwu, the exercise highlights how valuable an orderly, well-structured regulatory process can be, and it stands as a major step forward in…
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…
Joyce Onwuka Humanitarian, philanthropist and corporate leader, Pastor Mrs Esther Ojochide Tonlagha, will share her journey of resilience, empowerment and community transformation as a panelist at the Africa Women Summit UK 2026, where she will also receive an award for her contributions to humanity. Mrs Tonlagha will participate in Panel 4, titled “Shared Experiences: Real Journeys, Real Lessons,” alongside accomplished women from diverse backgrounds. The session will explore personal struggles, setbacks, starting over, support systems and lessons learned from difficult seasons. Her participation will provide an opportunity to reflect on the experiences that have shaped her more than two…
Ken Okeke The Federal Airports Authority of Nigeria (FAAN) has assured the travelling public of its commitment to maintaining safe, secure and orderly airport operations. The Authority came up with the assurances following developments arising from the ongoing industrial action by aviation Unions. The FAAN recognises the legitimate role of organised labour and supports the ongoing efforts of the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, SAN, and other stakeholders towards an amicable resolution of the issues at hand. In the interim, FAAN is working closely with the relevant aviation agencies, airlines, security agencies and other stakeholders…
Uche Cecil Izuora The Lagos State Security Trust Fund (LSSTF), led by the Executive Secretary, Dr Ayodele Ogunsan, on Tuesday August 11, 2026, paid a courtesy visit to the Commander, Nigerian Navy Ship (NNS) BEECROFT, Commodore A Adams-Aliu, to strengthen cooperation and foster closer coordination in addressing security challenges across Lagos State and its maritime domain. During the visit, the Executive Secretary of the Lagos State Security Trust Fund highlighted the Fund’s continued commitment to supporting security agencies across the State through targeted interventions aimed at strengthening operational capacity and boosting personnel morale. He disclosed that the Fund…
Joseph Bakare The Economic and Financial Crimes Commission (EFCC) has commenced a four-week Basic Investigation and Enforcement training for 102 newly recruited officers of the Code of Conduct Bureau, CCB. The Executive Chairman, of the Commission, Ola Olukoyede speaking at the opening ceremony on Monday, August 10, 2026 at the EFCC Academy, Karu, Abuja, said “the programme marked a significant milestone in the history of the two institutions, this is the first time the EFCC is hosting and training newly recruited staff of the Code of Conduct Bureau”. The training is aimed at strengthening the investigative capacity, professionalism, discipline…
Yemisi Izuora The Nigeria Inter-Bank Settlement System (NIBSS) Plc, has commenced the rollout of the National Payment Stack (NPS), a sovereign, ISO 20022 compliant digital infrastructure designed to succeed legacy NIBSS Instant Payment (NIP) system and modernize Nigeria’s financial ecosystem. Unifying payments, identity, and data onto a single intelligent rail, the multi-currency architecture bridges transaction processing and payment intelligence while establishing robust cross-border capabilities. Initial operational metrics highlight rapid commercial adoption, with the NPS platform already recording 26.55 million transactions valued at ₦1.4 trillion across 48 participating institutions. First Bank of Nigeria leads the industry in total transaction volume, while Fidelity Bank holds the lead in…
By Eyitayo Quadri In the corridors where money and power meet, integrity is not a soft virtue to be admired from a distance. It is the hardest risk control an institution owns, and the one asset that outlives us. Much of my working life is spent thinking about what can go wrong and/or how it can be done better in a safe way. That is the quiet vocation of a risk officer: to sit in the room where decisions are made, to ask the unpopular question, to imagine the failure before it arrives and to price the danger no…