Author: Orientalnews Staff

Yemisi Izuora    The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has commended the Nigerian National Petroleum Corporation (NNPC) on the exploratory activities it has been spearheading in inland basins. PENGASSAN National President, Comrade Francis Johnson, who stated this in Abuja when he led the Central Working Committee (CWC) of the union on a courtesy visit to the NNPC Group Managing Director, Dr. Mikanti Baru, said the yeoman job being undertaken by the NNPC with regards to the frontier basins would benefit the nation ultimately. Johnson said the union’s fervent prayer was for a breakthrough to be…

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Yemisi Izuora  The Nigerian National Petroleum Corporation has secured a total of $3.7bn in Alternative Financing Agreement in the last three years, Group Managing Director of the Corporation, Dr. Maikanti Baru has said. Dr. Baru, who made this known while speaking at the 35th Annual Conference of the Nigerian Association of Petroleum Explorationists (NAPE) in Lagos said securing external funding arrangement was crucial to sustaining oil and gas production in Nigeria and ensuring the survival of Nigeria’s energy future. “Within the last three (3) years, we have embarked on several successful Alternative Funding Programmes to sustain and increase the national daily…

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Source- THISDAY All things being equal, former Minister of State for Defence, Senator Musiliu Obanikoro, will on Saturday defect to the All Progressives Congress (APC) at a ceremony to be held in Campus Square, Lagos Island. The decision by Obanikoro, Nigeria’s former High Commissioner to Ghana to leave his former party, the Peoples Democratic Party (PDP), THISDAY has learnt, followed PDP’s inability to put its house in order since it lost power in 2015, particularly after winning the leadership suit at the Supreme Court. According to THISDAY sources in the APC, although the decision to have the ceremony this Saturday had been tentatively taken…

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Yemisi Izuora Fidelity Bank Plc, has provided the sum of N2.5 billion out of the Central Bank of Nigeria (CBN) N220 billion Micro, Small and Medium Enterprises Development Fund (MSMEDF).  Mr Nnamdi Okonkwo, the bank’s Managing Director/ Chief Executive Officer while unveiling the company’s partnership with Africa’s Young Entrepreneurs (A.Y.E) in Lagos, said that the N2.5 billion intervention funds were disbursed to 500 Small and Medium Enterprises (SMEs) across the country.  The N220b CBN MSMEDF is a single digit interest rate of nine per cent (all-in) facility that can be accessed by Nigerian-owned Micro, Small and Medium Enterprises (MSMEs), through participating financial institutions like Fidelity…

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Yemisi Izuora The Minister of Information and Culture, Alhaji Lai Mohammed, says government is inching close to achieving its objectives of attaining self sufficiency in rice production as the present administration has drastically cut importation of rice in the last two years. Buttressing his claims, the Minister said rice importation from Thailand, which supplies the bulk of the parboiled rice being imported into Nigeria, dropped from 644,131 Metric Tonnes, MT, to about 21,000 MT between September 2015 and September 2017. ”We are happy to tell Nigerians of a giant stride made by the Administration in the agriculture sector, specifically rice production: Nigeria is inching…

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Yemisi Izuora The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, has said that federal government has wet investors appetite after it issued the $3.5bn Eurobond. Emefiele, said the $3.5bn Eurobond has received a lot of interest from investors, who staked $11bn on it. The governor, who was part of the roadshow for the bond programme, said the oversubscription to the bond was a demonstration of investors’ confidence in the economic agenda of the Federal Government. “I was part of the roadshow to the bond issuance programme and the information I got is that the bond is oversubscribed to the tune…

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Yemisi Izuora iSON Group, Africa’s Leading IT and Its Company bagged two awards at the 2017 Sustainability, Enterprise and Responsibility Awards (SERAs) for Best Company in Poverty Eradication and Best New Entrant in Corporate Social Responsibility (CSR). These awards were presented to iSON Group in recognition of its robust CSR philosophy, and its progress in eradicating poverty in Africa as it drives sustainable development across the communities beyond the bands of its operation. The SERAS–CSR Awards is an annual event to celebrate organisations investing resources in the improvement of lives of stakeholders and through their social performance and investment programmes contributing…

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  Yemisi Izuora President Muhammadu Buhari is likely to bow to pressure to establish a national carrier for Nigeria, saying the country has qualified personnel and manpower to sustain its operations. The president though said he was under tremendous pressure from some prominent Nigerians desirous of the government establishing a national carrier, but there is the need to examine the conditions under which Nigerian Airways became extinct. According to a statement by his Senior Special Assistant on Media and Publicity, Garba Shehu, the President spoke while receiving the President of the International Civil Aviation Organisation, Dr. Muyiwa Aliu, at the…

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Yemisi Izuora Zenith Bank has been named best company in Sustainability Reporting in Africa at the 2017 Sustainability Enterprise Responsibility Awards (SERAS). With the new award held at the weekend, Zenith Bank has blazed the trail as the winner of the award for the second consecutive year. The bank had won the 2016 Sustainability Report titled “Creating Wealth Sustainably” being the first sustainability report in Nigeria and Africa financial services sector. The Global Sustainability Standards Board (GSSB) instituted the award in October 2016. Zenith bank noted that it had raised the bar in sustainability reporting within and outside the financial…

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Diamond Bank Plc, has appointed Mr. Christopher Ubosi as a Non-Executive Director. Mr. Christopher Ubosi holds a B.Sc. in Quantity Surveying from the University of Ife and an M.Sc.  from the University of Lagos, Nigeria. Mr Ubosi has over twenty years experience in the Built Environment, Telecommunications and Broadcasting Industries.. He has been actively involved in private Radio Broadcasting in Nigeria since 1993.  Chris is a pioneer in private broadcasting and new media, having run, operated and consulted severally for various top private radio stations in the country. He consulted for the Federal Government in the establishment of 32 digital…

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