…With Half A Billion Subscribers Adding $150 Billion To African Economy Yemisi Izuora Mobile banking is by all measure taking root in Nigeria and other African countries helping to deepen financial inclusion and boosting the continents economy. The challenges faced by financial institutions in spreading services particularly in rural setting, is not posing so much constraints to rural dwellers itching to transact banking businesses. According to reports, Africa is at the forefront of mobile banking (M-banking), and is regarded as one of the continents with the lowest levels of financial inclusion. However with the penetration of the mobile phone in…
Author: Orientalnews Staff
Hyacinth Chinweuba The Nigeria Customs Service, NCS, Tincan Island Port Command, said its revenue generation has hit N183billion in eight months. The Command recorded the highest revenue yield in the month of August with N28billion. In a press statement, the Public Relations Officer of the Command, Mr Uche Ejesieme said the impressive revenue yield was made possible as a result of coordinated activities and innovative spirit of the Comptroller, Mr Bashar Yusuf, officers and men of the Command. According to the statement, the Command has had a sustained high revenue profile since the beginning of the year, a feat that was…
Hyacinth Chinweuba The minister of transportation Rotimi Amaechi has inaugurated a six-man Interim Management Committee for the Maritime Academy of Nigeria (MAN), Oron. The Committee which is headed by the former Managing Director of the Nigerian Ports Authority, NPA, Chief Adebayo Sarumi was earlier given the assignment of advising the government on how best to reposition the academy. Amaechi said during the ceremony, “It is my pleasure to once again welcome you to yet another inauguration on the same matter, the restructuring of the Maritime Academy of Nigeria, Oron. “As I said during your inauguration as a committee to advise…
….Many Physically Challenged Receives Healing Hyacinth Chinweuba Prophet T.B Joshua of the Synaguoge Church of All Nations delivered a two-day high power crusade in Paraguay in fulfillment of his ministerial calling. The atmosphere was filled with high expectations as Paraguayans from all walks of life and government as well as religious leaders tropped to the Estadio Defensores Del Chaco in the capital, Asuncion to receive God’s touch. Not less than a hundred wheelchaired people were healed of various ailments as they were seen leaving the magnificent stadium with their wheelchairs raised while they walked unaided for the first time in…
Yemisi Izuora A new report has shown that renewable energy sector will provide 85 per cent of global electricity demands and 44 per cent of total energy needs by 2050. A Dutch quality assurance and risk management company DVL GL published the report by Energy Transition Outlook 2017, which only took into account solar photovoltaic (PV), onshore and offshore wind and hydropower plants. Citing the report, Climate Action noted that final energy demand is expected to be 430 exajoules, (Unit of energy) in 2050, compared to 400 exajoules in 2015 with a minor increase to occur before 2030, when demand…
Yemisi Izuora Phanes Group, an integrated end-to-end solar provider has launched its first Solar Incubator program, aimed at identifying PV projects of potential in sub-Saharan Africa by providing access to funding, and commercial and technical knowledge. The initiative, ‘The PV Solar Incubator, Your Project, Our Expertise, For a Sustainable Future,’ will be held in partnership with Hogan Lovells, Proparco, responsAbility, RINA Consulting and Solarplaza, and invites PV developers to submit proposals for projects that are based in sub-Saharan Africa, and have a clear CSR (Corporate Social Responsibility) component. Candidates are expected to submit their proposals by October 1, 2017, via Phanes…
….Track Gas Flare Out Indulgence Yemisi Izuora The Department of Petroleum Resources, DPR, has announced plans to go digital in its operations to enhance efficiency in all its regulatory deliverables and accelerate recovery of outstanding revenues due to government. The project when fully operational will improve regulatory service delivery to stakeholders, promote transparency and effective monitoring of the oil and gas industry, improve ease of doing business in the industry in alignment with recently signed government executive order 001 and upgrade the agency’s operational standards to world class level. The areas to be digitalised include the Import and Export Permit,…
….Track Gas Flare Out Indulgence Yemisi Izuora The Department of Petroleum Resources, DPR, has announced plans to go digital in its operations to enhance efficiency in all its regulatory deliverables and accelerate recovery of outstanding revenues due to government. The project when fully operational will improve regulatory service delivery to stakeholders, promote transparency and effective monitoring of the oil and gas industry, improve ease of doing business in the industry in alignment with recently signed government executive order 001 and upgrade the agency’s operational standards to world class level. The areas to be digitalised include the Import and Export Permit,…
..With Government Contribution Of $1.5 Bn Yemisi Izuora The Nigeria Sovereign Investment Authority has disclosed that money in the pool of the country’s sovereign wealth fund stands at $2 billion this September with the investment agency seeking further growth through agriculture and the addition of asset management. The government’s contribution stands at $1.5 billion, with the rest including funds owned by the institution and those managed for several government agencies, Uche Orji, chief executive officer of Nigeria Sovereign Investment Authority said in Kazakhstan’s capital, Astana. The authority has revamped 11 fertilizer-blending plants so far this year as part of federal governments initiative to boost…
…To Join Certified Fraud Examiners’ Body As Corporate Member Yemisi Izuora The Nigerian National Petroleum Corporation (NNPC), said it will equip 50 per cent of its work force with requisite knowledge on how to identify and examine fraud as part of measures to stamp out corruption from its system. The Group Managing Director of the NNPC, Dr. Maikanti Baru, made this commitment in Abuja while receiving a delegation of the Association of Certified Fraud Examiners (CFE), Abuja Chapter, led by its President, Mr. Ishili Emmanuel. The GMD said training staff on fraud examination would ensure that NNPC was not involved…