Yemisi Izuora Industrial clusters and operators in the South East Nigeria, has taken bold measures to deal with persistent power outages and reduce operational costs. To ensure affordable and reliable, efficient electricity supply, the Manufacturers Association of Nigeria, South-East chapter, has officially unveiled the ‘MAN Industrial Energy Adoption Programme’. The landmark initiative aimed at reducing manufacturers’ energy costs, accelerating industrial competitiveness and positioning Nigerian industries for a low-carbon future. President of the MAN, Otunba Francis Meshioye, inaugurated the project during the MAN South-East Industrial Energy Solutions and Investment Symposium in Awka, Anambra State. The symposium, hosted by the Chairman…
Author: Orientalnews Staff
Uche Cecil Izuora Goldman Sachs said it expects Brent crude to trade in an $80-$90 per barrel range until there is either confirmation of a new U.S.-Iran nuclear deal or a significant escalation of their conflict. The bank estimates spot Brent’s fair value at about $80 a barrel, suggesting markets are pricing in only a modest risk premium despite ongoing uncertainty over Middle East oil supplies. Brent traded near $85 a barrel on Tuesday as conflicting signals from the U.S. and Iran over the status of talks to end their five-month-old war sowed uncertainty. Although Brent retreated to the…
Uche Cecil Izuora Nigeria accounted for 24.91 per cent of Indonesia’s crude imports in the first half of 2026, according to BPS, Indonesia’s statistics Agency. Indonesia has been buying large numbers of African crude this year, according to official statistics, as Jakarta draws attention for its Russian contracts. The Agency revealed on Monday that Nigeria made up nearly a quarter of Indonesia’s crude oil imports from January to June 2026. “Nigeria accounted for 24.91% of the crude imports made in the first half. Followed by Angola [15.41%] and Saudi Arabia [13.62%],” BPS deputy Ateng Hartono told reporters in Jakarta.…
Yemisi Izuora For thousands of young Nigerians dreaming of contributing to the nation’s energy future, the Nigerian Content Development and Monitoring Board (NCDMB) is once again opening a door to opportunity through its Annual National Undergraduate Essay Competition. The Board has announced that entries for the 10th edition of the prestigious competition will open on August 15, inviting undergraduate students in 100 and 200 levels from Nigerian universities, polytechnics and colleges of education to showcase their ideas on strengthening local content development. This year’s essay topic, “Promoting Manufacturing for Sustainable Local Content Development,” challenges students to examine how Nigeria can build stronger…
Joseph Bakare Nigeria has approved a $4.5 billion arrangement with the Nigerian National Petroleum Company Limited (NNPCL), to liberate funds to bolster foreign-exchange reserves and spending on the government’s ongoing infrastructure priorities. The arrangement will free up resources for strategic priorities and strengthen the country’s financing framework, Finance Minister Taiwo Oyedele told the National Economic Council (NEC) meeting while seeking approval for the facility. The country will receive the money from a refinanced pre-export crude facility that is secured by 78,750 bbls of daily oil output by the NNPCL, the office of Vice President Kashim Shettima said in a statement Tuesday. The Council approved the…
Uche Cecil Izuora Key Agencies driving Nigeria’s renewable energy industry is seeking to take a firm grip on standardization process as projects in solar driven electricity generation heightens. This is coming as the Renewable Energy Association of Nigeria (REAN), reaffirms its commitment to advancing standardization, quality assurance, and regulatory collaboration within Nigeria’s renewable energy sector following a high-level stakeholder engagement meeting with the Standards Organisation of Nigeria (SON). On his part the Managing Director and Chief Executive Officer of the Rural Electrification Agency (REA) Abba Aliyu, said that more than 85 million Nigerians, representing nearly 40 per cent of…
Uche Cecil Izuora The Lagos State Waterways Authority (LASWA), in collaboration with Interferry, has concluded Module Three: Ferry Safety of Africa’s first-ever Ferry Safety Development and Mentoring Programme, marking another significant milestone in its commitment to raising safety standards and building professional capacity within the inland waterways sector. The module equipped 50 emerging ferry professionals with critical knowledge and practical skills in ferry safety, emergency preparedness and incident response, reinforcing the programme’s objective of developing a highly skilled and safety-conscious workforce for Africa’s growing ferry industry. Held throughout July 2026, the module combined self-paced virtual learning with intensive practical…
Tunde Bakare The Presidential Working Group on the proposed National Policing Bill has invited Nigerians to submit memoranda and policy proposals as part of efforts to establish a comprehensive legal and operational framework for state policing. Chief of Staff to the President and Chairman of the Working Group, Mr Femi Gbajabiamila, announced this on Monday after the Working Group’s meeting at the State House, Abuja. The Working Group is reviewing the Police Act 2020, the Police Service Commission framework, police regulations, and other relevant laws to support the development of an effective, modern policing system. The…
Yemisi Izuora Rex Insurance Limited is poised for new growth trajectory after successfully meeting the new Minimum Capital Requirement (MCR) prescribed by the National Insurance Commission (NAICOM) under the Nigerian Insurance Industry Reform Act (NIIRA) 2025. This success reinforces its financial strength, enhancing its underwriting capacity and reaffirming its unwavering commitment to policyholders and stakeholders. The announcement follows NAICOM’s publication of insurance companies confirmed to have complied with the new capital requirement. This achievement reflects the disciplined financial management, strong corporate governance, and strategic vision that have positioned Rex Insurance Limited as a resilient organization committed to delivering greater…
Yemisi Izuora Following the successful operational integration of Leadway Pensure and PAL Pensions, Leadway Holdings has officially unveiled Leadway PFA as its single, unified pension brand. The structure marks the final milestone in the consolidation process, retiring the legacy entity names and introducing a bold new identity built for the future of wealth creation in Nigeria. Operating with a combined Asset Under Management (AuM) of over ₦3 trillion, the newly established brand, Leadway PFA emerges as a formidable institutions in the Nigerian pension landscape. The unified brand now operates on a fully harmonized and upgraded technological infrastructure, ensuring that its…