Author: Orientalnews Staff

Hyacinth Chinweuba The Nigeria Customs Service (Tin-Can Island Command) has intercepted another  20 feet container number CMAU189817/8 containing 470 pieces of Jojef Magnum black pump action riffles. This seizure is coming just a week after it discovered and seized a 20-foot container load of 1,100 pump action rifles, at the same Command. The consignment was reportedly shipped in by the same importer, Great James Oil and Gas LTD, who brought in the 1,100 guns. Following the increase in the number of arms seizures in recent times, the Customs Area Controller of  TinCan Island Port, Comptroller Bashir Yusuf, ordered a detailed profile…

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Yemisi Izu RwandAir will play host to the 49th Annual General Assembly (AGA) and Summit of the African Airlines Association (AFRAA) scheduled to take place at the Kigali Convention Centre in Rwanda from 12 – 14 November 2017. This important annual event which was last held in Victoria Falls– Zimbabwe in November 2016, is expected to attract over 500 high profile delegates from the aviation industry in Africa, Europe, Middle East, Asia and North America.  Addressing the media during a press conference held in Kigali as part of an advance visit, AFRAA Secretary General, Dr. Elijah Chingosho said: “The AFRAA AGA…

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  ….Asks Insurance Bodies To Restore Sanity Or Face Sanction Yemisi Izuora The National Insurance Commission ( NAICOM) has challenged stakeholders in the insurance sector and in particular insurance bodies to enforce discipline and promote professional integrity to enable the industry grow in line with international best practice. The regulator is particularly worried that professional associations have not taken seriously the issue of ethics into consideration which often allow sharp practices by operators further causing more image crises in the sector. The commissioner for insurance, Mohammed Kari who spoke at the 2017 professional forum of the Chartered Insurance Institute of…

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Yemisi Izuora The World Bank said it is developing new partnership arrangements with governments at the state level especially the states with higher mining potentials. The Bank said state level programs will augment vibrant partnerships it has with the Federal Government which will help return the country on the mining map again. “In Nigeria we have managed to develop a real ‘partnership’ with the Federal Government of Nigeria and we are still working along with some of the States that have higher mining potentials”, said Francisco Igualada, Senior Mining Specialist, Energy and Extractive Industries (GEEDR) at the World Bank. As a featured speaker…

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Yemisi Izuora  The Finance Correspondents Association of Nigeria (FICAN), Abuja chapter has lauded the Nigerian National Petroleum Corporation (NNPC) for growing the Nigerian economy through its operations in the upstream, midstream and downstream with transparency and integrity. Chairman of FICAN, Mr. Simeon Ogoegbulem, made this statement while presenting the FICAN 2017 special institution of the year award to the Group Managing Director of NNPC, Dr. Maikanti Baru, in Abuja. “FICAN 20th anniversary celebration is recognizing and rewarding corporate organizations and individuals that have made positive impacts on the economy and one of them, if not the most important, is the Nigerian National Petroleum Corporation (NNPC),” Mr. Ogoegbulem affirmed. He said the NNPC…

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Hyacinth Chinweuba The Chairman of Lagos State Branch of National Union of Road Transport Workers (NURTW), Alhaji Tajudeen Agbede has said the inter-state transport park at Odo-Iyaalaro in Ojota is now ready to receive the operators banned along Ikorodu Road. Speaking through the Secretary of Ojota Main Garage Branch, Comrade Francis Olasanoye, Agbede said after the State Government issued the ban, concerted efforts had been in place by the government in partnership with the union to prepare the Ojota park, and that all was now set for the inter-state operators to relocate. “Last Friday, the Acting Commissioner for Transportation, Prince…

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Yemisi Izuora Hope seems to be in the horizon for countries who’s economy largely depends on crude oil revenue as the product headed for its largest third-quarter gain in 13 years with prices gaining on Wednesday after the Iraqi oil minister said OPEC and its partners considers extending or deepening output cuts aimed at reducing a global supply glut.Brent Crude futures rose 64 cents to $55.78 a barrel while U.S. West Texas Intermediate WTI, crude futures gained 52 cents to $50.00.The oil price is on course for a rise of nearly 16 percent this quarter, which would make this year’s performance the strongest for the third quarter…

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Yemisi Izuora Global Liquefied Natural Gas (LNG) demand will likely reach 280 Million Tonne Per Annum (MMTPA) in 2017, the largest Year-on-Year growth since 2011, Bloomberg New Energy Finance said in its latest research report on global LNG outlook.According to the research report, the surge is driven by uncertainity of nuclear power generation in Northeast Asia, energy market reforms and concerns on air pollution in China and higher capacity in major exporting regions.The increase in demand is despite disruptions including Qatar’s rift with Saudi Arabia, demands for export curbs in Eastern Australia and falling demand in Latin America. The report…

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  Yemisi Izuora Leadway Assurance has assured of its commitment to provide insurance protection to practicing lawyers, who are members of the Nigerian Bar Association (NBA). The provision of insurance cover, Leadway said,  was based on its partnership with the NBA for the week long 2017 NBA General Conference, which held in Lagos. Speaking on the partnership, Executive Director, Leadway Assurance, Ms. Adetola Adegbayi, said the company deployed its state-of-the-art, first-of-its-kind Insurance mobile office to engage the thousands of lawyers, who attended the conference, on its tailored-for-lawyers insurance plan. She said: “We believe that by providing insurance to the members…

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  ….Says Funds Is Coming Through France Yemisi Izuora The Federal Government has expressed disappointment over the role of some countries in the ongoing impasse between the authority and the Indigenous People of Biafra (IPOB) crisis. The Federal Government spoke yesterday of an international dimension to the Indigenous People of Biafra (IPOB) crisis.accused the United Kingdom of doing very little about its complaint that Biafra Radio was broadcasting from its terrirory. Government believes that the bulk of IPOB’s funding from its diaspora supporters is sent through France. Information Minister Lai Mohammed, who stated this after the Federal Executive Council (FEC)…

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