…Demands Apology And Replacement Of Damaged Equipments Yemisi Izuora The International Press Centre, Lagos-Nigeria has condemned the recent invasion of Abia state NUJ secretariat by Nigerian soldiers of Operation Python Dance on Tuesday 12th of September, 2017. According to media report, “the military personnel reportedly beat up journalists at sight and destroyed their working tools, furniture, documents and other property yet to be quantified.” The Director of IPC, Mr. Lanre Arogundade in a statement described the unprovoked attack as shameful and a clampdown on democracy as the list of attacked journalists recently seems to grow daily with the worrisome trend…
Author: Orientalnews Staff
Yemisi Izuora The Minister of Power, Works and Housing, Mr Raji Fashola has directed the Transmission Company of Nigeria, TCN to urgently carry out audit of its equipments with the view to ascertaining their integrity for enhanced service delivery. The Minister who spoke at the inauguration of Transmission Company of Nigeria (TCN)’s 60MVA Mobile Transformers at Ajah 330/132/33kv transmission substation in Lagos, expressed concern over incessant break down of facilities at substations. Fashola who has observed that lack of maintenance of equipment has frequently resulted into shutting down of many TCN substations in the country, said proactive measures are germane…
Yemisi Izuora Finance minister Kemi Adeosun has said Nigeria will join the African Trade Insurance after the consideration was given by the Federal Executive Council, FEC at its meeting in Abuja. Adeosun said that FEC approved that Nigeria should join the African Trade Insurance Agency. “FEC approved for Nigeria to rejoin the African Trade Insurance Agency. This is an agency that is out to provide risk guarantee for private investors coming into Nigeria as well as exporters from Nigeria. “It will provide risk guarantees. So, instead of projects asking for sovereign guarantees, we will be able to provide that…
Hyacinth Chinweuba The Lagos State Commissioner of Police, Edgal Imohimi has said that Divisional Intelligence Offices would be set up at police stations across the state to handle information given by members of the public. The police boss who disclosed this at Stakeholders Security Meeting with Ikeja residents said this was in line with intelligence-led policing to aid community policing. “Every police officer would now have a pocket notebook to jot down information given to them by members of the public while on duty. “This information would be forwarded to the Divisional Information Officer at the end of the…
Hyacinth Chinweuba The Governor of Abia State, Dr. Okezie Ikpeazu has extended the curfew placed on Aba, the commercial city of the State by one day. The curfew billed to end on Thursday, the 14th day of September, 2017 will now end on Friday, 15th of September, 2017. A statement by the Chief Press Secretary to the Governor, Mr. Enyinnaya Appolos disclosed that the Governor advised both the residents and visitors to cooperate with the security agencies to ensure continuation of maintenance of law and order within Aba and environs. “He also wishes to express his displeasure with the situation where people are…
…Says Peoples Rights Should Be Respected Hyacinth Chinweuba The People’s Democratic Party (PDP), has called for caution and restraint in handling the conflict that has erupted in Abia State between the Military and elements of the IPOB. The Party in a statement signed by its National Publicity Secretary, Prince Dayo Adeyeye, noted that while it was committed to the continued corporate existence of Nigeria as one indivisible Country, it at the same time, acknowledged and respects the rights of the people anywhere to express their yearnings and aspirations within the confines of the laws of the land. It stated that…
Yemisi Izuora The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said that an average of 700,000bpd of crude oil was deferred in 2016 due to pipeline sabotage, saying this brought Nigeria’s production down to as low as 1.3 million barrels per day from 2.2 million barrels targeted for the period. The NNPC GMD, who stated this in a keynote address at the maiden edition of the Nigerian International Pipeline Technology and Security Conference (NIPITECS 2017) in Abuja said Year-To-Date 2017, NNPC had recorded twenty–seven (27) breaching incidents on the Trans Niger Pipeline (TNP), adding that for the Trans Forcados Pipeline (TFP) with a capacity of 300,000bpd, seventeen (17) breaches were recorded in 2016. Dr. Baru declared…
Yemisi Izuora The Central Bank of Nigeria (CBN), has reassured of its commitment to continue with measures that will help maintain exchange rates stability. The banks governor Godwin Emefiele, who made the commitment at the 24th annual seminar for finance correspondents and business editors at Awka, Anambra state, further promised to explore further avenues to ensure that interest rates are supportive of domestic production needs. The Governor, who was represented by Acting Director, Corporate Communications Department, Mr. Isaac Okorafor, described the theme of the Seminar; “Import Substitution and the Dynamics of Interest and Exchange Rates in Nigeria” as topical given the…
Yemisi Izuora The construction of Bonny Island–Bodo road in Rivers State came closer to actualisation today as Nigeria LNG Limited (NLNG) signed a tripartite agreement with the Federal Government, represented by the Ministry of Power, Works and Housing, and Julius Berger Nigeria Limited to part-fund the construction of the N120.6 billion road connecting communities in the state. The event was taken contemporaneously with the signing, between the Federal Government and Julius Berger, of the contract document for the construction of the road. NLNG’s involvement in the project is significant as the largest single CSR initiative ever undertaken by a private company in Nigeria. At a ceremony to formalise…
Yemisi Izuora The N100bn targeted by the Federal Government from the Islamic bond, Sukuk, will be spent on critical road infrastructure across the country, the Debt Management Office has said. The Director-General, DMO, Patience Oniha, said this at various stops of the roadshow organised to drum support for the bond, according to a statement issued by the agency. Oniha, alongside officials of the Ministry of Power, Works and Housing, told stakeholders in Lagos, Port Harcourt and Abuja that the N100bn was dedicated to building critical road infrastructure across the country The sovereign Sukuk is an ethical-based investment in which rent…
