Author: Orientalnews Staff

Francesca Odimgbe As part of its contribution to the growth of the real estate sector in Nigeria, luxury property development company, The Address Homes has thrown its weight behind the 3rd Real Estate Market Place Conference and Exhibition put together by the Lagos State Real Estate Regulatory Authority, LASRERA. The event, which would be in the form of a Town Hall meeting with the theme: “The Lagos Real Estate Emerging Markets – Mitigating Potential Risks,” has been scheduled for Tuesday 7th and Wednesday 8th December 2022 at the Eko Hotel and Suites, Victoria Island, Lagos. The Lagos State Governor…

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By Admin I am not sure that’s an option before the NEC, but nobody can tell until during the meeting There is palpable fear of another round of strike across Nigerian public university campuses as the Academic Staff Union of Universities (ASUU) is billed to hold its National Executive Council (NEC) meeting in Calabar, Cross River State capital, between Saturday (today) and Sunday. ASUU, the body of university lecturers in the country, has been at loggerheads with the Nigerian government over unfulfilled pledges and the continued refusal to pay the eight month salaries of its members withheld for the…

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Yemisi Izuora The Executive Vice Chairman, EVC, of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has said that diligent implementation of various telecommunications policies, strategies and regulatory frameworks has continued to enhance the nation’s capacity to deepen citizens’ access to digital resources, transform media and knowledge production and positively impacting Nigeria’s economic and social progress. Danbatta stated this in a keynote address delivered at a two-day International Conference of the Association of Media and Communication Researchers of Nigeria (AMCRON), which ended at the weekend. The Conference, the second by the Association, was attended by numerous leading scholars from…

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Valentine Okafor The Director-General of the Debt Management Office (DMO), Ms Patience Oniha, has called for introduction of adequate and efficient tax administration to tackle the country’s revenue challenges. Oniha said this at the 2022 Capital Market Correspondents Association of Nigeria (CAMCAN) workshop with the theme: “Nigeria’s Public Debt and the Capital Market over the weekend in Lagos. She said that the country need to operate an efficient tax administration that would ensure greater compliance to remittances devoid of all forms of evasions in the system. Oniha said that revenue challenge remains one of the most critical policy issues…

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Roland Iwuchukwu Pan African business magnate and renowned entrepreneur, Ichie (Dr) Nnaeto Orazulike OON has won this year’s FATE Foundation Model Entrepreneur of the Year (FME) Award. According to the organisers, Fate Foundation, the award was initiated 2001 to celebrate entrepreneurs who are significantly contributing to the nation’s socio-economic growth and development. Some of the past awardees include Ibukun Awosika, Aliko Dangote, Cosmas Maduka, Nike Ogunlesi, Frank Nneji, Stella Okoli and host of others. Ichie Orazulike who is a Non-Executive Director of Ecobank Nigeria, is the founder and Group Managing Director of Genesis Group, a proudly Nigerian conglomerate with…

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Yemisi Izuora The Lagos Chamber of Commerce and Industry (LCCI) has called for a concerted efforts to escalate Foreign Direct Investment, FDI, in the country as a measure to increase the country’s foreign exchange revenue earning. The Chamber, gave the advise in response to the recent downgrades of Nigeria’s Sovereign Risk profile by three leading global default risk rating agencies. According to its Director General, Dr Chinyere Almona, “Fitch downgraded Nigeria’s long-term foreign currency debt Issuer Default Rating (IDR) from ‘B’ to ‘B-, few notches above a junk status, following Moody’s lead in downgrading Nigeria’s risk outlook, and Standard…

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Moses Ofodeme The Independent National Electoral Commission, INEC, has confirmed that critical electoral materials were not damaged after bandaids attacked its facility in Imo State. The Resident Electoral Commissioner (REC) for Imo State, Professor Sylvia Uchenna Agu, had reported that the INEC office in Oru West Local Government Area was attacked at about 4.00am on Sunday 4th December 2022. The attack affected the Conference Room where office furniture and fittings were destroyed, but other critical facilities were not affected. It would be recalled that on Thursday 1st December 2022, INEC office in Orlu Local Government Area of…

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Ken Okeke The Accident Investigation Bureau Nigeria (AIB-N), is transitioning into a multimodal accident investigation body. The process has already commenced with the setting up of an in-house committee for the implementation of the new act on the establishment of the Nigerian Safety Investigation Bureau (NSIB). The Commissioner of the Bureau, Engr. Akin Olateru, who made this known through Mr. Tunji Oketunbi, General Manager, Public Affairs, disclosed that the committee was set up following the assent of the new NSIB Act 2022 by President Muhammed Buhari and the Supreme Court Gazette, which was released on November 28, 2022. “With…

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L2R: Chairman, Lasaco Assurance Plc & Former Board Member, PEARL Awards Nigeria., Chief(Mrs) Teju Philips; Deputy Managing Director, Wema Bank, Moruf Oseni; Chief Financial Officer, Wema Bank, Tunde Mabawonku; Reputation Management Officer, Wema Bank,  Olumide Yomi-Omolayo; CEO, NASD OTC Securities Exchange Limited, Mr. Longe Eguarekhide, presenting the Pearl Award to Wema Bank as the winner of the 2022 Highest Dividend Yield at Eko Hotel and Suites last weekend.

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Yemisi Izuora Nigeria’s current frightening and explosive borrowing is raising concern among non state actors who have mobilized resources to engage other stakeholders to action initiatives that will help neutralize imminent fiscal crises. Taking up the challenge the Civil Society Legislative Advocacy Centre (CISLAC), a non-profit, advocacy, information sharing, research body and her partners have launched a research product that centers on revealing and challenging the role of private creditors in hindering people’s recoveries to enhance the urgency with which the international community must address sovereign debt crises. The research was commissioned with support from Christian Aid, to fully…

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