L-R.). Mr. Bekuochi Nwawudu,Managing Partner,CBO Capital(project financial adviser); Mr. Joe Attueyi ,CEO, Rehoboth Refinery(Project Owner); Mr. Kemela Okara,Bayelsa State Commissioner for Trade & Investment ; Mrs. Tonbofa Ashimi,Partner, Edward Ekiyor & Co( Project Legal Adviser) and Mr. Valery Ngoufan, Senior Special Adviser to the Governor of Bayelsa State on Trade and Investment during the MOU signing ceremony between Bayelsa State Government and Rehoboth Refinery Limited in Lagos recently.
Author: Orientalnews Staff
Its policy of eco-imperialism forces renewables on a reluctant but largely helpless developing world Author James Delingpole What is the point of the World Bank? You probably think of it, if at all, as a benign institution, a kind of giant, multilateral aid agency, whose job it is to bring liquidity to developing nations and help them grow out of poverty. Until not so long ago, that was indeed its function. Created alongside the International Monetary Fund at the 1944 Bretton Woods Conference, the bank did sterling work in its early years helping countries like France recover from the war;…
Corporate Social Investment is deployed by businesses to help impact their operational environment. YINKA SANNI, Group Chief Executive, Stanbic IBTC Holdings PLC in this interview examines CSI practice in Nigeria and how Stanbic IBTC deploys its CSI as part of the financial institution’s larger sustainability strategy for socioeconomic integration of the under-served in the society as well as a tool for creating shared values. (Excerpts) How does Stanbic IBTC position corporate social investment (CSI)? Most organisations interpret and implement CSI as best suits their overriding corporate goals. However, to borrow a leaf from the United Nations Industrial Development Organisation (UNIDO),…
Yemisi Izuora With the recent commissioning of an ultra-modern car park at the Murtala Muhammed Airport, Lagos, the Federal Airports Authority of Nigeria has increased efforts towards sanitizing the airport. In a statement released at the Authority’s headquarters in Lagos, travelers who wish to use personal cars were instructed to use the newly commissioned car park. Also, the Authority has provided buses to aid those who wish to make use of the temporary car park, where airport shuttles are currently domiciled at no charge. In addition, the Authority has finalized arrangements to increase the number of buses available for this…
Yemisi Izuora The President of United Labour Congress (ULC) Joe Ajaero has expressed deep fears over the planned concession of Nigerian airports, saying over 90 per cent of aviation workers may lose their jobs as the Federal Government intensifies efforts to privatise the aerodromes. Ajaero made the disclosure during a protest organised by the leadership of the United Labour Congress, ULC and members of Association of Nigerian Aviation Professionals (ANAP) at the Murtala Mohammed Airport (MMA) to express their displeasure towards the process and proposed concession plan of Abuja, Lagos, Port Harcourt and Kano airports. Speaking at the rally,…
Yemisi Izuora The Central Bank of Nigeria (CBN), has injected the sum of $195million into the inter-bank Foreign Exchange Market. In then fresh intervention, CBN offered $100million to authorized dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment received the sum of $50 million. Those requiring foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others, were allocated the sum of $45 million. The apex Bank’s Acting Director in charge of Corporate Communications, Mr. Isaac Okorafor, confirmed the figures, saying that the Bank was confident that…
Yemisi Izuora The creative artistes, who participated in this year’s edition of Lagos Comic Con, got a booster from Heritage Bank Plc assuring of fund accessibility to operators in the industry. Speaking at the 6th edition of Lagos Comic 2017, held at NECA House, Ikeja, Lagos, Chubike Agu of the Corporate Communications Department of Heritage Bank; commended the audience at the annual event for their perseverance despite all hurdles against them. Agu disclosed that at Heritage Bank, our quest to create wealth across the nation is sacrosanct. According to him, Heritage Bank is known for its paradigm, Timeless Wealth Parter, and it is…
\ Yemisi Izuora Leadway Assurance has announced its partnership with the National Association Insurance and Pension Correspondents (NAIPCO) on its NAIPCO 2017 conference. The conference themed ‘Legislation of Pensions, Intrigues, Interest, Governance and the People’, is billed to hold on the 25th of October, 2017 in Lagos and will be a forum for insurance and pension stakeholders to discuss legislation of the two sectors and its impact on the people As part of the conference which is in its second edition, Leadway Assurance will facilitate an exclusive one day intensive capacity building training for members of the association. According to the Executive Director, General Business, Leadway Assurance, Ms. Adetola Adegbayi, “We are happy to partner with NAIPCO on the 2017…
Yemisi Izuora Former Group Managing Director of the Nigerian National Petroleum Company(NNPC),Dr. Jackson Gaius Obaseki, has advised the federal government to consider full deregulation of the entire value chains of the nation’s petroleum sector. Obaseki, who is the Chairman of the Board of Directors of the Brass Liquefied Natural Gas Company Limited spoke at the opening of the 11th Oil Trading and Logistics Expo in Lagos yesterday where he said it was high time Nigeria embraced deregulation in full pledge. He said the Nigeria can no longer afford to stifle growth of the oil sector through regulation which should be…
Yemisi Izuora The federal government says it would attract more youths into the agriculture sector via a new scheme known as Accelerated Agricultural Development Scheme which government believe would increase agricultural production towards food security job creation and economic diversification. The scheme is likely to be launched this October.