The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has stated that an effective application of the $200 million Nigerian Content Development Fund (NCDF) will contribute positively to Nigeria’s plan to reduce the cost of producing oil from $32 per barrel to $15 per barrel. Kachikwu has also explained that at a single-digit lending interest, the fund, which is domiciled with the Bank of Industry (BoI), would address the funding challenges which he said has hampered the growth and success of indigenous manufacturers, service providers and other key players in the country’s oil sector. Speaking at the signing of…
Author: Orientalnews Staff
Governor Abubakar Sani Bello of Niger State will deliver the News Express 5th Anniversary Lecture on Thursday, September 28, 2017, its management has said. A statement issued by the Publisher of News Express, Isaac Umunna said that Governor Bello would speak on “National Unity and the Demand for Restructuring — A Governor’s Perspective.” “We are delighted to have His Excellency, Governor Abubakar Sani Bello, deliver the News Express 5th Anniversary Lecture. Perhaps no issue is engaging the attention of Nigerians at the moment more than national unity and restructuring. “We have chosen the right man to speak on this crucial issue…
The Director General of the Bureau of Public Enterprises (BPE), Alex Okoh has visited the Skyway Aviation Handling Company Limited, SAHCOL, as part of the bureau post privatization monitoring programme. After the physical inspection of SAHCOL facilities, Alex Okoh could not hide his admiration for SAHCOL, when he revealed that the initial briefing he had was that the SAHCOL facilities were ‘world class’, and that he was not expecting much as the term was usually used loosely, but what he saw after the inspection truly matches the description of “world class”, hence, quite pleased. Alex Okoh, who was accompanied…
As part of efforts to improve tax compliance levels, the Federal Government has commenced reviewing the tax compliance records of all contractors who received payments from the Federal Government and its various agencies in the last 7 years. This follows the results of a sampling exercise conducted by the Ministry of Finance which found that less than 20% of contractors reviewed accurately stated the income received from the Federal Government in their tax returns, whilst many made no declaration at all. A prominent result of the sampling exercise showed that some Tax Clearance certificates which were presented at the…
Managing customers’ needs and gaining their respect are the biggest challenge for insurers across Africa, according to the results of a new survey from Munich Re. Insurers across six markets were asked what they believe to be the biggest challenge facing the industry, and meeting customer needs was among the key challenges. Other challenges on the list included lowering costs and keeping up with technological changes. Speaking at the Organisation of Eastern and Southern Africa Insurers (OESAI) annual conference in Cape Town, Greg Becker, of Munich Re, who ran the survey, said the respondents also admitted their organisations faced tough…
… Police Pilots Unlicensed, Violates Regulations Yemisi Izuora The Accident Investigation Bureau (AIB) has released three accident reports involving Nigeria Police Force (NPF) Bell 427 helicopter with registration 5N-POL at Kabong, Jos South LGA, Plateau State, Nigeria on March 14, 2012. Others are serious incident to Nigerian College of Aviation Technology (NCAT) Tampico TB9 aircraft with registration 5N-CBC which occurred at Zaria Aerodrome, Kaduna, Nigeria on October 6, 2008; and ground Collision incident involving two aircraft belonging to Air Peace Airlines Limited: Boeing 737-500 with registration 5N-BQR and Boeing 737-300 with registration 5N-BQP, which occurred close to Bay 4 of…
Yemisi Izuora Heritage Bank Plc says it is supporting NatnudO Foods, a food processing company in its determination to make poultry affordable and accessible for the people. Speaking at the media briefing organized on food security in Nigeria, Team Member, Agric Finance, Specialised Banking of the bank, Adelana Ogunjirin, representing the Bank, explained that the partnership is to ease the burden of poultry production in the country. He pointed out that the interest of Heritage Bank in agriculture and food production in the country is second to none as it is impossible to increase productivity on empty stomach. According…
Yemisi Izuora The Partnership for Media and Democracy (PAMED) has called on the Federal Government to restrain the Nigerian Army from monitoring the social media activities of Nigerians, describing the action as a violation of the rights of Nigerians to freedom of expression and the privacy of their communications guaranteed by the Constitution and international human rights instruments to which Nigeria is a party. PAMED, comprising International Press Centre (IPC), Media Rights Agenda (MRA) and the Institute for Media and Society (IMS), said in a statement in Lagos that it had painstakingly studied the declaration by the Nigerian Army that…
L – R shows Tony Ibeziako, Head, Domestic Primary Market, The Nigerian Stock Exchange (NSE); Haruna Jalo-Waziri, Executive Director, Capital Markets Division, NSE; Bode Akinboye, Group Managing Director/Chief Executive Officer, Standard Alliance Insurance Plc and Dare Sonde, Chief Finance Officer, Standard Alliance Insurance Plc at the Facts Behind the Figures Presentation at the Exchange today in Lagos.
The Federal Airports Authority of Nigeria (FAAN) hereby assures all airport users that Nigerian airports under its management are fully ready to play host to air travellers during this Sallah celebration. “As part of our preparations to ensure seamless facilitation of our highly esteemed passengers during the Sallah celebrations and beyond, the VIP Protocol lounge at the General Aviation Terminal, Lagos, has recently been refurbished to give maximum comfort and value to our customers. ” a statement from FAAN said. The statement also confirmed that the maintenance of the conveyor belts at the Muratala Muhammed International Airport, Lagos has…