…To Discuss Funding Climate Projects Yemisi Izuora As worsening mega-storms, floods and droughts claim more lives and cause billions of dollars in damage around the world, recognition of the need to act quickly to curb climate change is growing, banking experts say. To kick-start a bigger pipeline of investment-friendly climate projects, international bankers and officials from Nigeria, Mexico and Colombia are meeting in London this week to try to thrash out a first set of ready-to-fund climate projects. But getting trillions of dollars in cash to the projects that can quickly make a difference from electric vehicles for Mexico to big-scale solar power for…
Author: Orientalnews Staff
…Brent Crude Sells At $54.20 Per Barrel Yemisi Izuora with Agency Report Oil prices were mixed early today, but largely held on to gains in the previous session after OPEC said it expected higher demand for its crude next year. U.S. crude stockpiles rose more than expected last week in the wake of Hurricane Harvey according to an industry report, although analysts have warned stocks data may not give a full picture in coming weeks because of weather disruptions. U.S. West Texas Intermediate was trading up 6 cents, or 0.1 percent, at $48.29 a barrel at 0035 GMT after rising 0.3 percent on Tuesday.…
..Plans Expanded Vehicle Recharging At Fuel Stations Yemisi Izuora with Agency Report Oil giant Royal Dutch Shell is expanding its marketing operations in Asia and wants 20 percent of sales from its fuel stations worldwide to come from recharging electric vehicles and low carbon fuels by 2025, as the world shifts away from crude.The Anglo-Dutch firm, with 43,000 fuel stations in 80 countries, aims to expand in China and India, as well as Mexico, where it sees fossil fuel growth in the next decade, John Abbott, the head of refining, trading and marketing, told Reuters. But he said Shell remained…
Yemisi Izuora This year’s edition of NUJ-Medview games billed for the Legacy Pitch of the National Stadium, Surulere, Lagos, holds today September 13. According to the programme of events, there will be a friendly match between the Lagos NUJ XI and MedView XI, while the Lagos State chapter of the National Association of Women Journalists will engage the Lagos NUJ Exco in a 5-A-side novelty match as part of the opening ceremony by 1pm. The Games proper will begin on Thursday with Matches in the 5-A-side football event. The closing ceremony comes up on Saturday from 1pm at the same Legacy Pitch of the Stadium.
Yemisi Izuora Fidelity Bank Plc, says it will continue to deliver the best services to its Customers as it launched a new brand campaign tagged: ‘Our Word’. At the unveiling of the campaign in Lagos the bank said the new commercial reinforces its underlying promise to deliver a new face of service in Nigeria’s financial services industry. The Divisional Head, Brand & Communications, Fidelity Bank Plc, Charles Aigbe said the new TVC speaks to the bank’s essence, stating that Fidelity remains a reputable financial institution that keeps faith with its customers irrespective of their class or creed. Speaking on…
Yemisi Izuora The Defence Headquarters has advised military pensioners against embarking on their protest scheduled to hold today 13 September 2017. Defence Spokesman, Major General John Enenche, said in statement, “The Defence Headquarters has been informed of the planned protest tagged “LIBERATION” by a group of military pensioners, on 13 September 2017, in Abuja. “In this regard, the group is adviced to get the legal permit from the Nigerian Police before embarking on such an exercise. This is to forestall any breakdown of law, order and breach of the peace.” He added, “Objectively, the Defence Headquarters hereby (advises) the group of military pensioners…
…Comptroller General Vows To Apprehend Offenders Hyacinth Chinweuba The Nigeria Customs Service (Tin-Can Island Command) has intercepted a 20 ft container number Gesu2555208 which was not previously listed for examination, positioned with other containers for the day’s Examination, bearing 49 boxes containing 1,100 pump action Rifles. The Customs Comptroller General, Col. Hameed Ibrahim Ali (Rtd), said this in Lagos, promising to go after the importers. The weapons were discovered when Operatives of the Nigeria customs service intelligence unit on a routine monitoring of activities at the terminals discovered a 1×20 ft container number GESU2555208 which was not previously listed for…
Yemisi Izuora with agency report …M/Benz, BMW Pushes For Zero Emission Vehicles Automobile giant, Volkswagen is stepping up its shift to electric cars and plans to invest more than 20 billion euros ($24 billion) in zero-emission vehicles by 2030 to challenge pioneer Tesla in creating a mass market. The world’s largest automaker by sales said it would roll out 80 new electric cars across its multi-brand group by 2025, up from a previous goal of 30, and wanted to offer an electric version of each of its 300 group models by 2030. The German company had previously said it would spend more…
Yemisi Izuora LEKOIL,says it is expecting the second of the two consents of Nigerian authorities on the Oil Prospecting Lease (OPL) 310. The current lease expiry date is 2018, but the company said it has an understanding with Baker Hughes, a GE company, for technical partnership and investment in appraisal of the discovery, possibly leading to first oil. It however cannot proceed without ministerial consent. Optimum, which is the licence holder and Lekoil’s partner, is not a technically resourced company, so a work programme will not happen before expiry date if Lekoil doesn’t get the government’s nod. The consent to…
. …Expresses Commitment To Nigeria’s Energy Sector Yemisi Izuora A delegation of the United States Consulate General led by the Deputy Economic Counselor Joel A. Kopp recently visited Nigerdock located at Snake Island Integrated Free Zone (SIIFZ) in Lagos. The team has an advisory role to the US government in shaping bilateral policy for Nigeria. The visit was part of the mission to discover successful business models like that of Jagal Energy and Nigerdock and identify potential areas of investment and cooperation between US and Nigerian companies Speaking during the visit, the US delegation reiterated their interest in Jagal as…