Yemisi Izuora United Nations push to curb greenhouse gas emissions is not producing the desired outcome as scores of countries globally known to be key polluters apparently ignored calls to submit climate action plan. Many of the world’s biggest polluter nations reportedly missed a U.N. deadline to set new climate targets as efforts to curb global warming come under pressure following U.S. President Donald Trump’s election. The nearly 200 countries signed up to the Paris Agreement faced a Monday deadline to submit new national climate plans to the U.N., setting out how they plan to cut emissions by 2035.…
Author: Orientalnews Staff
Air Peace, Nigeria’s foremost airline has elevated Senior First Officer Chibuzo Mbanefo to the rank of Captain on its Boeing 777 fleet. Captain Mbanefo has consistently demonstrated exceptional skill, leadership, and commitment to upholding Air Peace’s high operational standards. After undergoing rigorous training and meeting all regulatory requirements, he has officially assumed the position of Captain, reinforcing Air Peace’s legacy of nurturing top-tier aviation professionals. While introducing SFO Mbanefo to the Chairman/CEO of Air Peace Limited, Allen Onyema and Chief Operating Officer, Oluwatoyin Olajide, Capt. Gerald Udaya extolled his exceptional qualities. Specifically, he noted that SFO Mbanefo had completed over…
As part of strategies to harness the potential inherent within the various states for wealth creation, the Securities and Exchange Commission is embarking on investor education for State governments across the Federation. The Director General of the Securities and Exchange Commission, Emomotimi Agama, disclosed this during a weekend meeting with a team from the World Bank Group and the International Finance Corporation (IFC) in Abuja. Agama stated that the Commission would approach the state governments to help them understand the many opportunities in the capital market, and strive to enhance their understanding of financial markets, investment strategies, and regulatory frameworks.…
Yemisi Izuora The National Insurance Commission (NAICOM) and the Nigerian Electricity Management Services Agency (NEMSA) have agreed to enhance safety in the electricity market through a framework that will curb electrical incidents. To achieve achieve the objective both parties entered into a historic partnership with the signing of a Memorandum of Understanding (MoU) on enforcement. This collaborative effort aims to establish a framework for mutual understanding and cooperation in achieving their regulatory obligations, prioritizing the safety of lives and property in relation to electrical incidents. At the signing ceremony held at the NAICOM Headquarters on Friday, February 7, 2025, the…
Access Bank has paid tribute to the late Herbert Wigwe, former CEO of Access Holdings, his wife Chizoba, and their son Chizzy, who tragically lost their lives in a helicopter crash in California exactly one year ago, on February 9, 2024. In a statement shared on X (formerly Twitter) on Sunday, the bank honoured their memory, reflecting on the profound impact they had on the institution and the wider community. “Today marks one year since the world stood still for us. On this day, we lost Herbert, Doreen, and Chizi—three remarkable souls who left an indelible mark on our lives…
Yemisi Izuora The Manufacturers Association of Nigeria (MAN), has rejected plans by the Nigerian Port Authority (NPA) to hike port charges by 15 per cent. After wide consultations with its members across the country, the MAN expressed grave concern over the proposed 15 per cent increase in port-related charges by the Nigerian Ports Authority (NPA). The Director General (DG) of the Association, Segun Ajayi-Kadir, in a position paper obtained by Oriental News Nigeria, clearly states that at a time when businesses are struggling with the rising cost of operations, high rate of foreign exchange, astronomical energy costs, and general economic uncertainties,…
Uche Cecil Izuora The Clean Ecosystem Foundation, has engaged in a campaign seeking compensation to crude oil host communities in Nigeria’s Niger Delta region where oil exploration by major international companies have fouled their environment. The Foundation has called on President Bola Ahmed Tinubu and the National Assembly to work out the payment of $100 billion to oil producing communities in the Niger Delta. The fund is compensation for years of oil exploration and exploitation, which the group said has led to irreversible damages to the livelihood and the ecosystem. The group said the fund will douse raging tension,…
Uche Cecil Izuora The Geometric Power Group, says it is in the process of completing a 20MW dedicated line to Factory Road in Aba to further improve efficiency in electricity supply. The company said the project will effective provide needed electricity especially to Nigerian Breweries new plant in the area, and that there has been increased gas supply to the 188MW Geometric Power Plant in the Osisioma Industrial Zone in Aba from the NNPC Gas Marketing Company Limited and its partner, Heirs Energies. Following recent news reports that one of the brewer has obtained a licence for captive electricity…
Yemisi Izuora Women in Energy, oil and Gas (WEOG), is establishing stronger partnerships as it urges members to collaborate and explore more opportunities in the sector. The call was re-echoed At the WEOG 2025 annual membership meeting and inauguration of new executives and members, held in Lagos on Friday, where stakeholders spoke on the theme— Collaborating for Sustainable Energy Future. National Consultant, Private Sector Partnerships of UN Women, Dr. Hansatu Adegbite, while speaking said there are several initiatives nationally and globally for women to harness and progress in the field. “There are affirmative procurement policies coming up in Nigeria,…