Yemisi Izuora The Alternative Bank, on Thursday, convened investors, policymakers, and business leaders in Lagos, for an executive intelligence briefing titled ‘Beyond Interest’. The gathering aimed to advance the conversation around non-interest finance and the strategic deployment of patient capital into Nigeria’s productive economy. The Chairman of The Alternative Bank, Muhtar Bakare, opened the forum by challenging attendees to rethink how capital is deployed across the nation. He emphasised the necessity of aligning private returns with productive national capacity. “Extractive capital treats the economy chiefly as a place from which value is harvested. It may reward its owner, but…
Author: Orientalnews Staff
Uche Cecil Izuora Sahara Upstream is accelerating the next phase of its oilfield services strategy, strengthening Arahas Global Oilfield Services (Arahas) and SGIR Rigs and Energy Limited as integrated platforms designed to support growing demand for world-class upstream services across Africa. As part of this strategic direction, Sahara has appointed Gopi Nath as Director, Oilfield Services, with responsibility for providing strategic oversight for both businesses as they drive operational integration, expand service capabilities, and deliver greater value across the upstream value chain. The development reflects Sahara’s continued investment in building indigenous oilfield services capacity capable of supporting Africa’s evolving…
Uche Cecil Izuora The Special Adviser to the President on Energy, Olu Verheijen, will lead conversations on Nigeria’s efforts to reposition its energy sector which is expected to attract a new wave of investment, in South Africa. Verheijen, will provide details of reforms and opportunities that abound in the country’s energy sector at African Energy Week (AEW) 2026. “Nigeria has the resources, market scale and entrepreneurial strength to lead Africa’s next era of energy investment,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “The reforms underway under President Tinubu’s administration are focused on making the sector more…
Uche Cecil Izuora The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has said it will enter into negotiations with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC),to resolve teething issues related crude oil supply shortages to local refineries. The NMDPRA, says enhanced crude supply to local refineries has become important as Nigeria now boosts of about 1.125 million barrels a day (bpd) of installed refining capacity, led by Dangote’s 700,000-bpd refinery, which has helped Nigeria become a net exporter of refined products. The Agency hinted of Governments intention to refine all of its crude domestically, as the country targets production…
The Management of the National Youth Service Corps (NYSC) has announced the extension of the commencement date for the 2026 Batch ‘B’ Stream II Orientation Course in Sokoto and Niger States. According to the statement from the agency, the extension is due to the ongoing renovation works in both Orientation Camps by their respective State Governments. In furtherance to the above, the new date for the commencement of the Orientation Course is Wednesday 12th August, while the Cut-Off/Swearing-in Ceremony date is Friday 14th August, and Closing Ceremony holds on Tuesday 1st September, 2026. All Prospective Corps Members (PCMs) are advised…
Head, Monitoring & Enforcement Department Securities and Exchange Commission, Mr Makyur Tarfa, Head of Enforcement Division, Enforcement Department SEC, Mrs Tope Onwionoko, Representative, Federal Ministry of Justice, Dr Samuel Idiarhiri: Director, Registration, Exchanges and Market Infrastructure Department, SEC, Mrs Hafsat Rufai, Head Depository, Central Securities Clearing System Mr Babangida Yahaya, Head, Abuja Branch of First Registrars Mrs Wumi Senkoya, and Ag. MD, Meristem Registrars and Probate Services Limited Ms Nkechinyelu Okoye, at the Probate/Unclaimed Monies Awareness and Investor Clinic held at SEC Headquarters, Abuja, Thursday
Ken Okeke In a major step towards strengthening inter-agency collaboration and enhancing coordinated, proactive management of floods and other climate-related hazards in Nigeria, the National Emergency Management Agency (NEMA) today hosted a high-level joint meeting of relevant government agencies and development partners ahead of the planned national launch of the Early Warnings for All (EW4All) Initiative. The meeting brought together the Director General of NEMA, Mrs. Zubaida Umar; Executive Vice Chairman/Chief Executive Officer of the Nigerian Communications Commission (NCC), Dr. Aminu Maida; Director General of the Nigeria Hydrological Services Agency (NIHSA), Alhaji Ahmed Ibrahim Mohammed; Director General of the…
Francesca Odimgbe The Lagos State Governor, Mr Babajide Sanwo-Olu, on Thursday disclosed that his administration is shifting its focus from delivering healthcare projects to building enduring systems that will guarantee quality, accessible and affordable healthcare for generations. He said his administration’s goal is to build institutions and systems that will continue to deliver quality healthcare to Lagos residents. Governor Sanwo-Olu spoke at the Eko Health Convention 2026 held at Victoria Island, themed: “Building a Healthier Lagos: Connecting Access with Excellence.” The Eko Health Convention, with “Leveraging Digital Innovation and Strategic Partnership for better outcomes” as a sub-theme, brought together…
Yemisi Izuora The Securities and Exchange Commission (SEC) has intensified efforts to reduce unclaimed funds and other dormant investment assets by launching a Probate/Unclaimed Monies Awareness and Investor Clinic aimed at helping beneficiaries recover inherited investments and strengthening investor protection in Nigeria’s capital market. Speaking at the opening of the clinic in Abuja organised by the Commission in partnership with Meristem on Thursday, SEC Director-General, Dr. Emomotimi Agama, said the initiative was designed to bridge the gap between investors’ legal entitlements and their ability to access inherited assets. He noted that many Nigerian families face prolonged delays in accessing…
Joseph Bakare President Bola Ahmed Tinubu, on Thursday in Abuja, said growing positive reviews of the economy by experts and favourable economic indicators signal a brighter future for all Nigerians. The President, who received the Board and Management of the Nigerian Exchange Group at the State House, said all the reforms satisfied global best practices and helped stimulate the economy, setting the foundation for long-term sustainable growth. The Nigerian Exchange Group, led by the Chairman, Dr Umaru Kwairanga, and the Group Managing Director/Chief Executive Officer, Temi Popoola, briefed the President on the rebound of the market from…