Author: Orientalnews Staff

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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Yemisi Izuora  Phanes Group, an integrated end-to-end solar provider has launched its first Solar Incubator program, aimed at identifying PV projects of potential in sub-Saharan Africa by providing access to funding, and commercial and technical knowledge. The initiative, ‘The PV Solar Incubator, Your Project, Our Expertise, For a Sustainable Future,’ will be held in partnership with Hogan Lovells, Proparco, responsAbility, RINA Consulting and Solarplaza, and invites PV developers to submit proposals for projects that are based in sub-Saharan Africa, and have a clear CSR (Corporate Social Responsibility) component. Candidates are expected to submit their proposals by October 1, 2017, via Phanes…

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….Track Gas Flare Out Indulgence Yemisi Izuora  The Department of Petroleum Resources, DPR, has announced plans to go digital in its operations to enhance efficiency in all its regulatory deliverables and accelerate recovery of outstanding revenues due to government. The project when fully operational will improve regulatory service delivery to stakeholders, promote transparency and effective monitoring of the oil and gas industry, improve ease of doing business in the industry in alignment with recently signed government executive order 001 and upgrade the agency’s operational standards to world class level. The areas to be digitalised include the Import and Export Permit,…

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….Track Gas Flare Out Indulgence Yemisi Izuora  The Department of Petroleum Resources, DPR, has announced plans to go digital in its operations to enhance efficiency in all its regulatory deliverables and accelerate recovery of outstanding revenues due to government. The project when fully operational will improve regulatory service delivery to stakeholders, promote transparency and effective monitoring of the oil and gas industry, improve ease of doing business in the industry in alignment with recently signed government executive order 001 and upgrade the agency’s operational standards to world class level. The areas to be digitalised include the Import and Export Permit,…

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..With Government Contribution Of $1.5 Bn Yemisi Izuora  The Nigeria Sovereign Investment Authority has disclosed that money in the pool of the country’s sovereign wealth fund stands at $2 billion this September with the investment agency seeking further growth through agriculture and the addition of asset management. The government’s contribution stands at $1.5 billion, with the rest including funds owned by the institution and those managed for several government agencies, Uche Orji, chief executive officer of Nigeria Sovereign Investment Authority said in Kazakhstan’s capital, Astana. The authority has revamped 11 fertilizer-blending plants so far this year as part of federal governments initiative to boost…

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…To Join Certified Fraud Examiners’ Body As Corporate Member Yemisi Izuora The Nigerian National Petroleum Corporation (NNPC), said it will equip 50 per cent of its work force with requisite knowledge on how to identify and examine fraud as part of measures to stamp out corruption from its system. The Group Managing Director of the NNPC, Dr. Maikanti Baru, made this commitment in Abuja while receiving a delegation of the Association of Certified Fraud Examiners (CFE), Abuja Chapter, led by its President, Mr. Ishili Emmanuel. The GMD said training staff on fraud examination would ensure that NNPC was not involved…

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Hyacinth Chinweuba The Lagos police command has arrested a 30-year-old bus conductor identified as Akeem Anthony in Lagos. The arrested man confessed to making over one million naira ever since he started his robbery act. Anthony, an indigene of Ondo state was arrested with another gang member. The interview he had with news men made his mode of operation more known. He said, “I am married with two children. I was a bus conductor and I live at Ijegun, Ikotun area of Lagos,” he said. “I was a member of Eiye confraternity. I was arrested for robbery at Ikotun. I…

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 Hyacinth Chinweuba The Nigeria Shippers Council (NSC) has charged importers, exporters and customs agents to strictly comply with trade regulations as the only way to save them from unnecessary delays at the ports or border stations. The Council also urged importers and customs agents should comply with all customs clearance procedures in order to avoid any problem when clearing goods at the ports or border stations. Speaking during an enlightenment seminar on ethics and integrity, the Executive Secretary of the Council, Mr Hassan Bello said the Council was all out to create awareness in the industry so that stakeholders can…

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Yemisi Izuora The International Air Transport Association (IATA), has revealed that African airlines posted largest year-on-year increase in demand for air cargo as global industry sees double-digit rise in air freight demand in July. Director-General of IATA, Alexandre de Junaic stated that there are signs that the cyclical growth period may be nearing a peak. He made the disclosure in an IATA released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), increased by 11.4 per cent in July 2017 compared to the same period a year ago. This was the fourth time in five…

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Yemisi Izuora Dana Air has recruited and trained more Nigerian Pilots in Johannesburg, South Africa and Madrid –Spain, as part of efforts towards contributing to the growth and development of the Nigerian aviation industry. The airline also introduced a Special Services Unit which consist of well-trained males and females to among other functions, attend to passengers with special needs, urgent complaints, update passengers on current promos and benefits of Dana Miles at the airports in Lagos, Abuja, Port Harcourt, Uyo and Owerri. According to the Accountable Manager of Dana Air, Mr. Obi Mbanuzuo, ‘Dana Air is committed to the growth…

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