Yemisi Izuora National President, National Association of Chambers of Commerce, Industries, Mines and Agriculture (NACCIMA), the umbrella organization of Chambers of Commerce in Nigeria, Iyalode Alaba Lawson, has advocated for re- awaking of Agribusiness opportunities and inter-dependence in Global and Nigerian markets. While making her presentation as guest speaker at the recently concluded US-Nigeria Agribusiness Summit, in Atlanta, Georgia, United States, Iyalode Alaba Lawson enumerated the evolving agricultural trends in Nigeria. She said: “Nigeria’s human and natural resource endowments despite the high potentials they hold, have not been fully explored owing to the shift from the thriving non-oil sector…
Author: Orientalnews Staff
Yemisi Izuora The National Judicial Council has explained criteria for the appointment of 14 new judges to the Court of Appeal, which has generated criticism. Particularly of interest to commentators was the failure to appoint any person from the South East among the 14 elevated to the Court of Appeal. Offering explanation on the appointment, spokesperson of the NJC, Soji Oye, said there were various factors considered in reaching the decision, including the balancing of appointments vis-a-vis the number each geopolitical zone and State already has serving in the Court of Appeal. Oye said in the statement: “The attention of…
Yemisi Izuora Chairman/Chief Executive Officer of Air Peace, Mr. Allen Onyema has been listed among 100 “most remarkable and impactful entrepreneurs in Nigeria” in 2016/2017. The list compiled by the Nigeria & Entrepreneurship Summit Honors (NESH) comprised the names of 100 Nigerians positively impacting the country’s economy in their different spheres of operation. Onyema was, however, the only entrepreneur honoured in the aviation sector, where he has made huge investments providing thousands of direct and indirect jobs for Nigerians and expatriates. With a fleet size of 24 aircraft, Air Peace currently operates into 10 domestic destinations in Nigeria and one…
Yemisi Izuora Information minister, Alhaji Lai Mohammed says the federal government has adopted fresh strategy to deal with violent extremism across the country. Speaking during a visit to the offices of the Leadership newspaper in Abuja, the Minister said the strategy was contained in a document, entitled ‘Policy Framework and National Action Plan for Preventing and Countering Violent Extremism’, which was launched by President Muhammadu Buhari in Abuja on Tuesday. The document was developed after consultations with the agencies of government, civil society organizations, media, academia and the international community, he said. Alhaji Mohammed said the Administration is steadily restoring peace…
Yemisi Izuora iSON Technologies has said that research shows that over 72 percent of global businesses are highly eager to prioritize their customer experience journey through tangible improvements and that companies lose over $340Bn due to poor customer service/customer experience management every year. In his presentation at the recently concluded ‘Africacom’, titled; ‘’Transforming Customer Experience – Shifting Gears at Bigdata Stream’’, Akshay Grover, Chief Growth Officer at iSON Technologies, stressed on the fact that new age digital services/ operations have raised the competitive bar in every sector. In addition, to capture the opportunity in its entirety, company executives should with…
Yemisi Izuora The Central Bank of Nigeria (CBN), advanced the inter-bank foreign exchange market with another $210,000,000. According to Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor, the sum of $100million was offered to the wholesale segment, while the Small and Medium Enterprises (SMEs) segment got an allocation of $55 million. The invisibles segment (i.e. tuition fees, medical payments and Basic Travel Allowance (BTA), among others) was also allocated $55 million. Mr. Okorafor said the releases were part of effort aimed at boosting liquidity in the forex market, facilitating trade and easing remittances for legitimate personal commitments. While attributing…
Yemisi Izuora The retail arm of the Nigerian National Petroleum Corporation (NNPC), NNPC Retail Limited, has declared it determination to promote the consumption of Liquefied Petroleum Gas, otherwise called cooking gas. The Managing Director of the subsidiary, Mr. Yemi Adetuji, disclosed this in Abuja today at a press briefing to herald the commissioning of the new ultra-modern mega filling station near Sagamu, along the Lagos-Ibadan Expressway in Ogun State. Mr. Adetunji stated that presently his Company enjoyed between four and five per cent of the country’s Liquefied Petroleum Gas (LPG) market share, adding that it was, however,…
Yemisi Izuora Oil Prices dropped on Wednesday on doubts that OPEC and Russia will agree an extended crude production cut that the market has priced in, and after a report of an unexpected rise in U.S. fuel inventories. U.S. West Texas Intermediate (WTI) crude futures were at $57.72 a barrel 27 cents, or 0.5 percent below their last settlement. Traders said WTI was pulled down by a report from the American Petroleum Institute (API) late on Tuesday which showed U.S. crude inventories rose by 1.8 million barrels in the week to November 24 to 457.3 million barrels. Official U.S. fuel inventory data is…
Yemisi Izuora The Nigerian National Petroleum Corporation (NNPC) has said the Federal Government’s 2.3 million barrels per day crude oil projection for the 2018 Budget is achievable and realistic. Group General Manager, Corporate Planning and Strategy, Mr. Bala Wunti, made this submission on Monday during a presentation to the House of Representatives Joint Committee on 2018-2020 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) at the National Assembly Complex in Abuja. Mr. Wunti said the current production capacity for the country was more than 2.3 million barrels per day, noting, however, that due to the insecurity in the Niger Delta…