Yemisi Izuora The Executive Secretary Pension Transitional Arrangement Directorate, Dr Chioma Nnenna Ejikeme has commended management and staff for their hard work and dedication in the discharge of their responsibilities during the Parastatals Pensioners Verification Exercise in the South East which ended on Saturday September 7, 2019. The Executive Secretary gave this commendation at her first meeting with management and staff since her assumption of office. She assured them that she will among other things be guided by the core values of the Directorate namely: Passion, Transparency, Accountability and Drive. She said that her mission is to continue to…
Author: Orientalnews Staff
Yemisi Izuora DiamondXtra, a reward scheme! now in it’s 11th season, has announced another set of winners which include Nwogu Ijeoma, a trader in Alaba international market and one thousand and fifteen customers across Nigeria at the second quarterly draw of the scheme powered by Access Bank Plc. Speaking shortly after receiving the N1 million prize cheque, Ijeoma while expressing excitement at winning, told newsmen that she had been a customer of Access Bank for years, adding that Nigerians should partake in the initiative as it was real. She said, “I have been banking with Access Bank for a long…
Yemisi Izuora The International Energy Agency, IEA, has raised fears about global oil demand growthwhich it said is expected to remain subdued, with the economy weakening and buffeted by US-China trade tensions. “International trade relations have further deteriorated in the past few weeks but US and Chinese officials announced that they would resume trade negotiations in early October,” the Paris-based IEA said in its latest monthly report. “Trade disputes and rising uncertainty about the impact of the UK’s possible exit from the European Union are reducing global growth through lower business and consumer confidence, supply chain re-assessments, declining investment and direct…
Yemisi Izuora Oil prices fell on Thursday after a meeting of the OPEC+ alliance yielded no decision on deepening supply cuts but focused instead on bringing Nigerian and Iraqi output down to their agreed quotas. Oil came under further pressure after the European Central Bank cut its deposit rate to a record low -0.5 per cent from -0.4 per cent and said it will restart bond purchases of 20 billion euros a month from November to prop up euro zone growth. Brent crude futures were down $1.49 cents at $59.32 a barrel while the U.S. West Texas Intermediate futures fell…
Yemisi Izuora The Organisation of the Petroleum Exporting Countries (OPEC) has commended Nigeria’s unwavering commitment to the stability of the global oil market which spanned many years of its membership of the organization. This commendation came from the Chairman of OPEC’s 16th Joint Ministerial Monitoring Committee (JMMC), Prince Abdulaziz Bin Salman, in Abu Dhabi, United Arab Emirates, Thursday. Bin Salman, who doubles as the Saudi Arabian Energy Minister noted that since the 1980s when Nigeria’s late Oil Minister Dr. Rilwanu Lukman reigned at the helm of the Organisation, the West African nation’s role has been very pivotal in helping OPEC achieve…
Yemisi Izuora The drive by the Nigerian National Petroleum Corporation (NNPC) to significantly grow oil production has received lawmakers’ endorsement as the National Assembly has pledged its commitment to partner with the corporation towards boosting the federation’s revenue base. The Chairman, House Committee on Petroleum, Upstream, Hon. Musa Sarkin-Adar, made this known while touring the NNPC Pavilion at the ongoing 24th World Energy Conference in Abu Dhabi, United Arab Emirates. Sarkin-Adar, who said it was important for the legislature to lend support to the National Oil Company in the overall interest of Nigerians, also pointed out that there was need for…
..Lists Take-off Locations For MAP In Delta Yemisi Izuora The Venin Electricity Distribution Company, (BEDC), Plc, has turned out another set of 60 Graduate Trainees and 74 Technician Trainees for its 2018/19 edition in its quest at improving service delivery to customers and bridging skills gap in the power sector. It also announced take-off locations for the Meter Asset Provider (MAP) scheme in Delta state. Managing Director/CEO, Mrs. Funke Osibodu, made these known at the 4thin the series of graduation for the trainees held at the Crescendo Conference Center, Asaba. The takeoff locations, which will be handled by Inlaks Power…