Yemisi Izuora With Agency Report The Asset Management Company of Nigeria (AMCON) has disclosed that it is close to selling Peugeot Automobile Nigeria (PAN) Limited to the Dangote Group and two northern states. The Chief Executive of AMCON, Ahmed Kuru, told Reuters that all processes on the bids were completed about two months ago. He said all that is left is the approval of the Central Bank of Nigeria (CBN). Dangote, Africa’s richest man, in alliance with the Kaduna and Kebbi states as well as the Bank of Industry, made a bid to acquire a majority stake in PAN last…
Author: Orientalnews Staff
By Hyacinth Chinweuba The Nigeria Customs Service, NCS, has raised concern that contaminated rice may be rapidly in circulation in the country. The Oyo-Osun command of the Service said contaminated repackaged bags of rice is spreading around the country from Benin Republic. The Customs Area Controller of the Command, Udo-Aka Emmanuel, alleged that rice smugglers are repackaging contaminated rice from the Republic of Benin with the aim of supplying them to the Nigerian market. Emmanuel raised the issue while speaking with journalists after seizing a truck and two buses with contaminated rice that were impounded along Iseyin-Oyo Road. He said…
Yemisi Izuora A new report has revealed that global energy system is creating more jobs in renewables than in fossil-fuel technologies. According to a report from the International Renewable Energy Agency (IRENA), over 9.8 million people were employed in the renewable energy sector in 2016. The Renewable Energy and Jobs Annual Review 2017, released at IRENA’s 13th Council meeting, provided the latest employment figures of the renewable energy sector and insight into the factors affecting the renewable labour market. “Falling costs and enabling policies have steadily driven up investment and employment in renewable energy worldwide since IRENA’s first annual assessment…
Source: Vanguard WHAT is the role of AIO to the communities it serves? AIO works on various initiatives to, among others, strengthen a number of insurance pools to grow African insurance and reinsurance capacity across the continent. It has also worked to develop micro insurance. The AIO hosts an annual conference and general assembly that creates a platform for members to share global experiences on insurance and re-insurance matters with the goal of furthering the development of the insurance industry. The conference is held on a rotational basis and Uganda is hosting it this year. Considering this conference is attracting…
Yemisi Izuora The Managing Director of the Federal Airports Authority of Nigeria, Engr. Saleh Dunoma, has initiated the implementation of the Executive Order given by the Acting President, Prof. Yemi Osinbajo. Engr. Dunoma assured the Acting President of full compliance and has immediately put in place machinery to ensure a successful implementation of the Executive Order which he will supervise himself. He said the importance of the Executive Order cannot be overemphasized, especially because it will strengthen the nation’s fight against terrorism, eliminate unnecessary bureaucracy that impedes business activities at our airports. He also added that, this will improve safety,…
Yemisi Izuora Chief Executive Officer of Air Peace, Allen Onyema, has announced a package of over N300 million to train 52 executive members of the National Association Nigerian Students (NANS) in non-violence education in Nigeria and at Emory University in the United States. Onyema broke the news when the Grand Patron of NANS in Akwa Ibom State, Ubong King, and leaders of the students’ body visited the corporate headquarters of Air Peace in Lagos recently. The airline, he added, would also henceforth fly leaders of NANS and all other categories of students to school on resumption and out of school…
Yemisi Izuora Dana Air said it is committed to youth development and entrepreneurship in Nigeria, with its recent partnership with Africa’s Young Entrepreneurs (A.Y.E) Reality TV Show. Communications Manager of Dana Air, Kingsley Ezenwa, while signing the partnership agreement with Africa’s Young Entrepreneurs said the partnership with Africa’s Young Entrepreneurs Empowerment Nigeria (AYEEN) is to identify budding entrepreneurs with exceptional ideas and help showcase their potential to the world. Ezenwa added: “As a responsible corporate organisation, we are committed to helping young entrepreneurs actualise their aspirations and we believe there is no better way to reduce crime rate and unemployment…
Yemisi Izuora Nigeria is slightly moving close to self food sufficiency just as the country’s total paddy rice production in 2016 was estimated to have climbed to 17,487,562 metric tons, leaving a balance of about 11.4 million metric tons after accounting for 12.4 per cent of rice production wasted due to post-harvest losses. This left a total of 5.7 million metric tons of milled rice, bringing Nigeria’s rice production closer to the 7 million projected milled rice requirement for 2016. This information was contained in a report by Growth and Employment in States (GEMS4), a programme funded by the United…
Source: Vanguard The Federal and Lagos State Governments are seeking sanctions against Kenya Airways for conveying a corpse from the Democratic Republic of Congo, DRC, without necessary approval even as laboratory test conducted on the body revealed that the cause of death was not Ebola Virus disease. Also, contrary to speculations that the corpse was brought to the Lagos University Teaching Hospital, LUTH, the Management said the body was not taken to LUTH but quarantine at the airport. Reacting to the development on his twitter handle, the Minister of Health, Prof Isaac Adewole who paid an unscheduled assessment visit to…
Yemisi Izuora The Jesuit Alumni of Nigeria,an affiliate of World Union of Jesuit Alumni would converge in Lagos to discuss the up coming ‘2017 WUJA Congress’. The event is scheduled to hold from June 28 to July 2 at John Caroll University in Cleveland, Ohio. In a statement Sina Buraimoh-Ademuyewo, vice president World Union of Jesuit Alumni/ae, the WUJA which was founded in 1956, holds an international Congress every four years to gather Jesuit friends and alumni from as many as 50 countries representing a global network of Jesuit ministries to build international networks and affirm Jesuit centric values for a greater…