Author: Orientalnews Staff

  Yemisi Izuora  The Central Bank of Nigeria (CBN), has reiterated its determination to sustain liquidity through continuous intervention in the inter-bank Foreign Exchange market in order to stabilize the sector. The Acting Director, Corporate Communications Department at the Bank, Mr. Isaac Okorafor, who gave the assurance noted that the measures being taken by the Bank had yielded positive results as far as forex supply was concerned. While acknowledging a marginal fluctuation in the exchange rate, he noted that the naira remained stable against other major currencies around the world; even as he observed that activities in the foreign exchange…

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Yemisi Izuora A fresh call for re establishment of national airline for Nigeria has been made by stakeholders in the aviation sector. According to the Aviation Round Table Initiative (ARTI), Nigeria needs a national carrier that would be fully funded by the private sector and not by government or its agencies. The body, which observed that weak government policies are responsible for the failure of domestic airlines, said that this form of funding for the airline would ensure its survival and independence from interferences and so that it could be operated professionally. In a statement issued at the weekend and…

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  …NCDMB Describes It As Biggest In-Country Job Yemisi Izuora  The Nigerian Content Development And Monitoring Board, NCDMB has said that the Nigerian Content sector is about to record a huge impact as two multinational oil companies, Nigerian Agip Exploration Limited (NAE) and Shell Nigeria Exploration and Production Company (SNEPCO) have set plans in motion for in-country fabrication and integration of over 50 percent of the topsides of their projects’ floating, production, storage and offloading (FPSO) vessels. The projects are the Zabazaba deepwater project being executed by NAE in partnership with SNEPCO on Oil Prospecting License (OPL) 245 and the Bonga South West…

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Yemisi Izuora The late Prince General Adeyinka Adekunle, popularly called General Prince Adekunle’s band former member and lead guitarist, Idowu Adedayo Kujore otherwise called Dayo Kujore has described his late boss as a pleasant, accommodating and meek fellow. Eulogizing Adekunle’s virtue, Kujore said his death is painful and colossal as he (Adekunle) gloriously contributed to   who he is today and will be eternally missed. Speaking further, “I enjoyed every bit of the three years spent working with him as his lead guitarist from 1973 to 1975, he was a great musician, ”Kujore posited. Adekunle, 75, died penultimate Friday, September 01,…

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…Records 827 Day Incident Free Operations Yemisi Izuora Safety standards and procedures at Egbin Power Plc have helped the nation’s largest power plant record incident free operations over the last 827 days, Kola Adesina, the company’s chairman has said. Adesina said the power plant operates in line with globally acclaimed standards for Health, Safety, Security and the Environment and requires staff and stakeholders to abide by its zero tolerance policy on safety infractions, as he assured of improved power generation. “Since we took over the plant in 2013 we have continued to enhance the plant’s HSSE profile through investments in…

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…With Half A Billion Subscribers Adding $150 Billion To African Economy Yemisi Izuora Mobile banking is by all measure taking root in Nigeria and other African countries helping to deepen financial inclusion and boosting the continents economy. The challenges faced by financial institutions in spreading services particularly in rural setting, is not posing so much constraints to rural dwellers itching to transact banking businesses. According to reports, Africa is at the forefront of mobile banking (M-banking), and is regarded as one of the continents with the lowest levels of financial inclusion. However with the penetration of the mobile phone in…

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Hyacinth Chinweuba The Nigeria Customs Service, NCS,  Tincan Island Port Command, said its revenue generation has hit N183billion in eight months. The Command recorded the highest revenue yield in the month of August with N28billion. In a press statement, the Public Relations Officer of the Command, Mr Uche Ejesieme said the impressive revenue yield was made possible as a result of coordinated activities and innovative spirit of the Comptroller, Mr Bashar Yusuf, officers and men of the Command. According to the statement, the Command has had a sustained high revenue profile since the beginning of the year, a feat that was…

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Hyacinth Chinweuba The minister of transportation Rotimi Amaechi has inaugurated a six-man Interim Management Committee for the Maritime Academy of Nigeria (MAN), Oron. The Committee which is headed by the former Managing Director of the Nigerian Ports Authority, NPA, Chief Adebayo Sarumi was earlier given the assignment of advising the government on how best to reposition the academy. Amaechi said during the ceremony, “It is my pleasure to once again welcome you to yet another inauguration on the same matter, the restructuring of the Maritime Academy of Nigeria, Oron. “As I said during your inauguration as a committee to advise…

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….Many Physically Challenged Receives Healing Hyacinth Chinweuba Prophet T.B Joshua of the Synaguoge Church of All Nations delivered a two-day high power crusade in Paraguay in fulfillment of his ministerial calling. The atmosphere was filled with high expectations as Paraguayans from all walks of life and government as well as religious leaders tropped to the Estadio Defensores Del Chaco in the capital, Asuncion to receive God’s touch. Not less than a hundred wheelchaired people were healed of various ailments as they were seen leaving the magnificent stadium with their wheelchairs raised while they walked unaided for the first time in…

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Yemisi Izuora A new report has shown that renewable energy sector will provide 85 per cent of global electricity demands and 44 per cent of total energy needs by 2050. A Dutch quality assurance and risk management company DVL GL published the report by Energy Transition Outlook 2017, which only took into account solar photovoltaic (PV), onshore and offshore wind and hydropower plants. Citing the report, Climate Action noted that final energy demand is expected to be 430 exajoules, (Unit of energy) in 2050, compared to 400 exajoules in 2015 with a minor increase to occur before 2030, when demand…

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