Yemisi Izuora The emergence of electric cars now being developed globally may not negatively impact oil demand as such, the International Energy Agency, IEA, has observed. However, power generation will move increasingly away from relying on coal and crude oil, with renewables taking a much larger proportion of the global energy mix. The IEA, forecasts that global oil demand will fall only modestly alongside the expected rise in electric vehicles over the next two decades, with consumption in petrochemicals and other transportation still growing. Oil is already facing stiff competition from ever-cheaper and more environmentally friendly energy sources as traditional fossil fuel users…
Author: Orientalnews Staff
Yemisi Izuora The Federal Government has recovered $64.6 million electricity debt from its international customers including Benin and Niger Republic. According to the minister of power, works and housing, Babatunde Fashola, the Nigerian Bulk Electricity Trader (NBET) would work out modalities for distributing the funds to the value chain operators. The Minister who made the disclosure at the 21st monthly power sector meeting in Asaba, Delta state, said that the Rural Electrification Agency (REA) had completed guidelines for the operation of the rural electrification fund. Noting that the fund will support vulnerable groups and communities to gain access to funding…
Yemisi Izuora The National Orientation Agency (NOA) has called on electorates in Anambra to disregard the threat by Indigenous people of Biafra (IPOB) against the November 18 governorship election. The Director-General NOA, Dr.GarbaAbari, in a statement signed by Mr. Paul Odenyi, Head of Press Unit, urged the people to come out en masse and exercise their franshise at the poll. Abari, who was reacting to the “vote and die” threat by IPOB, assured that security agencies were fully prepared and on ground, to ensure the safety of voters before, during and after the election. He described the renewed threat as an…
Yemisi Izuora The United States is supporting Nigeria to develop its agriculture sector into a more diversified, inclusive and dynamic driver of economic development, the U.S. Agency for International Development (USAID) has said. Roseann Casey, the USAID/Nigeria Director of Economic Growth and Environment, said this in a statement signed by Jana T. Sweeny, the Development Outreach and Communications Specialist (DOC). Casey said in pursuit of the objective, USAID/Nigeria recently hosted two-day workshops between September 26 and October 11, in Lagos, Kano, and Abuja. She explained that the results from the consultative workshops would inform a new food security country plan…
Yemisi Izuora The Chairman of Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, has issued serious warning to the Anambra staff of the commission against involvement in electoral fraud. Yakubu gave the warning when he addressed the staff of the commission at the INEC state headquarters Awka ahead of November 18 governorship election, saying that anyone caught in electoral malpractice would be dealt with in accordance with the law. “Every INEC worker must ensure that we all achieve our set goal of making Anambra Nov.18 governorship election flawless and historic,’’ he said. Yakubu said Nigerians and indeed people outside are watching INEC in its…
Yemisi Izuora The Securities and Exchange Commission (SEC), has observed low investors enrollment to the e-dividend payment platform in the last three months, saying the outcome is not encouraging. SEC Director-General, Mr.Mounir Gwarzo, who said this at the third quarter post-Capital Market Committee (CMC) news conference, held in Lagos said only 46,176 investors enrolled during the period. Gwarzo said the commission had realised slow pace in terms of implementation of the e-dividend initiative urging investors to embrace the policy to reduce spate of unclaimed dividends in the market. He said the December 31, 2017 deadline for issuance of dividend warrant remained irreversible.Gwarzo…
Yemisi Izuora The Kwara State Government has taken bold steps to ramp up food production by disbursing over N1billion to 500 smallholder farmers and 40 commercial farmers to boost agriculture and food security in the state Governor Abdulfatah Ahmed of Kwara State who disclosed this in Ilorin, while speaking at the 2nd Harmony Agriculture International Fair, HAGIF, said the government had also provided 2,550 hectares of land for smallholder farmers in the state. He also said 381 kilometres of rural roads would be rehabilitated in 2018 under the Rural Access and Agricultural Marketing Project (RAAMP), in partnership with the World…
Source: THISDAY In a move to keep to his promise to the chieftains and loyalists of the All Progressives Congress (APC) to appoint more ministers to his cabinet, President Muhammadu Buhari is considering a tentative proposal to restructure some of the ministries, appoint eight new ministers to his cabinet and reshuffle the cabinet, THISDAY has learnt. Presidency sources privy to the proposal informed THISDAY on monday that the plan is to appoint eight new ministers who will all be politicians, to accommodate the yearnings of his party members including its national leader, Asiwaju Bola Tinubu and at the same time position APC…
Yemisi Izuora The Ship-owners Association of Nigeria (SOAN) has renewed its protest against continued grant of waivers to foreign shipping operators by government. The association said the practice is aiding the foreign operators to continue to dominate coastal shipping business in the country, thus making it impossible for indigenous operators to survive and assist in creating employment opportunities for the citizens. SOAN President, Engr Greg Ogbeifun, who conveyed the displeasure in Lagos during a media briefing to herald the association’s special workshop and annual general meeting (AGM) scheduled for December, said the country must optimally harvest her maritime…
Yemisi Izuora The Secretary to the Government of the Federation, Boss Mustapha, has conveyed President Muhammadu Buhari’s goodwill message to former Vice President, Dr. Alex Ekwueme, in a London hospital. Upon approval by President Buhari, Dr. Ekwueme was rushed to the hospital in an air ambulance in what was described as a critical condition. The SGF, who was in London before Dr Ekwueme’s arrival, was received by his spouse, Helen Ekwueme, on behalf of the Ekwueme family. Mustapha told the Ekwueme family that the President and all Nigerians are praying for the speedy recovery of the elder statesman,…