Yemisi Izuora Global law firm Hogan Lovells has launched its third annual Special Report on Investment in Africa 2019, a comprehensive guide on the legal and regulatory framework of 30 out of 54 African nations to help businesses make informed decisions on where to invest on the continent. Constituting the biggest edition of the Special Report yet and authored by a combination of Hogan Lovells lawyers and local law firms from across Africa, potential investors can use its easily comparable country-by-country analysis on matters such as local content rules, real estate ownership, taxation, dispute resolution, and employment. There are also…
Author: Orientalnews Staff
Yemisi Izuora The Human and Environmental Development Agenda, HEDA, has warned stakeholders especially government institutions not to be negligence in the discharge of their responsibilities with regard to president Muhammadu Buhari’s fight against corruption in the country. HEDA said the warning has become imperative given deluge of cases of corruption involving high profile persons in the country. Addressing the media at the weekend in Lagos, chairman of the organisation Olarenwaju Suraju, identified corruption as a major setback and which has remained one of the most vicious crimes against Nigerians. Suraju, observed that in spite of the efforts of the Federal…
Yemisi Izuora Global Process and Pipeline Services Limited (GPPSL), has acquired three massive flooding pumps with the capacity of 3,150 USG per minute and close to 600 PSI each, together with three massive lifting pump (6,000 USG/Min.) each and other connections that go with the equipment spread. “They are high pressure, high volume and no other company can boast of such flooding pumps in West Africa”, Engr. Obi Uzu, chief executive officer of GPPSL told select journalists on the sideline of the just concluded 2019 Nigerian Oil & Gas (NOG) conference and exhibition held in Abuja. Nigeria is on the…
Yemisi Izuora The Nigerian Content Development and Monitoring Board (NCDMB) and Danvic Petroleum International have begun the training of 18 lecturers of Geology and Geophysics on OpendTect Seismic Interpretation Software. The Software is widely used by operating companies in the oil and gas industry and it enhances the discovery of hydrocarbon resources. The training opened in Abuja last week and the participating lecturers were drawn from six universities, three each from Niger Delta University, Wilberforce Island, Bayelsa State; Federal University of Technology (FUT) Owerri, Imo State; Federal University of Technology (FUT) Minna, Niger State; Federal University of Technology (FUT) Akure,…
Yemisi Izuora Oil major Total has achieved No-Routine-Gas-Flaring in operations on its Egina FPSO, following the commissioning of Gas Compression System on the Egina Field. Associated gas from the field is now being compressed, transported via the Akpo/Amenam gas Export line and monetised through the Nigeria LNG. The company said with the achievement it has again honoured its commitment to the rule of law of its host country by fully abiding by the Nigerian Governments Gazetted Flare Gas Regulations of 2018. This landmark achievement, a first of its kind in Nigeria further drives home Totals ambition to be the responsible…
…AS GROUP HONOURS IRONA By Walter Duru. Imo State Government says it is committed to preserving the culture of the Igbo ethnic group, particularly, the language. Deputy Governor of Imo State, Rt. Hon. Gerald Irona disclosed this while receiving a Civil Society Organisation, Green Pathway Initiative in his office in Owerri, weekend. Speaking in Igbo language, Irona, who lamented what he described as the decline in the use of Igbo language promised that the Government will look into it, with a view to ensuring that something is done urgently to remedy the situation. He promised to discuss with the Governor,…
..Emerges Best Bank In Nigeria For The 9th Time Yemisi Izuora The Guaranty Trust Bank plc has been named the Best Bank in Africa 2019 by Euromoney at its annual Awards for Excellence, which held at the London Hilton Hotel, Park Lane, last week. The bank was also named the Best Bank in Nigeria for a record ninth time, reflecting the Bank’s position as one of the best managed financial institutions in the country, with strong and focused leadership that keep the business in a constant state of re-invention and innovation. Now in its 50th year, Euromoney is the…
Yemisi Izuora Access Bank, has emerged winner of the 2019 Karlsruhe Sustainable Finance Awards for “Outstanding Business Sustainability Achievement” for the 4th consecutive time. The award was received in recognition of the Bank’s unwavering commitment towards embedding social, environmental and economic sustainability into its core business strategy that helps address issues across its business operations and value chain. The prestigious award was presented to the Bank’s GMD/CEO, Herbert Wigwe at the award ceremony which took place on July 11th, 2019 at the City Hall of Karlsruhe, Germany and was attended by C-level executives, CEOs of leading global financial institutions,…
Yemisi Izuora The Central Bank of Nigeria (CBN), has made fresh $2698.71million intervention in the retail Secondary Market Intervention Sales (SMIS), in addition to CNY 39.69million in the spot and short tenured forwards segment of the inter-bank foreign market. The Director, Corporate Communications Department at the Bank, Mr. Isaac Okorafor, disclosed this on Friday, July 12, 2019, noting that the interventions in United States dollars, just as in previous transactions, were to meet requests in the agricultural and raw materials sectors. Similarly, the transactions in Chinese Yuan were for Renminbi- denominated Letters of Credit. Mr. Okorafor also reiterated the satisfaction…
Yemisi Izuora Lagos State Governor Babajide Sanwo-Olu has nominated 25 persons for commissioner and special adviser. According to the state government, the nominees are the first batch to be considered by the House of Assembly. Among them are two-time commissioner and former Secretary to the State Government (SSG) Tunji Bello and The Nation Editor, Gbenga Omotoso. A statement by the governor’s Deputy Chief Press Secretary (CPS), Gboyega Akosile, said the transmission of the list is in fulfilment of the governor’s promise to accelerate his administration’s development agenda. He said the 25, after undergoing the lawmakers’ screening, would assume duty as…