Author: Orientalnews Staff

Yemisi Izuora The Youth Initiative for Advocacy, Growth & Advancement (YIAGA) with support from the Macarthur Foundation has launched #BounceCorruption in Lagos, an initiative that is designed to mobilize citizens especially youth to lead the war against corruption and impunity as well as hold public institutions and officials accountable at the local and national level. The project seeks to build resistance against corruption by exposing corrupt practices and demanding prosecution of indicted suspects. Through #BounceCorruption, YIAGA will establish resource platforms effective anti-corruption campaigns and public outreach. The platforms will promote anti-corruption efforts by other stakeholders fighting against corruption and…

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  …But Insists AGF Action Illegal  Yemisi Izuora After the termination of the pilotage contract she entered into in 1997 with the Nigerian Ports Authority (NPA) Intels says it is disposed to a peaceful resolution without recourse to litigation. Intels’ Managing Director, Mr Silvano Bellinato pleaded for this consideration in Lagos Speaking at an interactive session with the media,  the company’s General Manager (Legal) Mr Mike Epelle stated that rather than taking a unilateral action, NPA and Intels could have gone to an independent mediator to discuss and agree whether to terminate the contract or not. Intels is still hopeful…

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Yemisi Izuora The Managing Director of Nigeria Liquefied Natural Gas Limited NLNG, Tony Attah, at ther ecently concluded Nigerian Economic Summit in Abuja, said that a long term strategic development plan would encourage investments, improve infrastructure   in   the   country   and   boost   production   of   both   export   and domestic gas. Chairing a  breakout   panel discussion  at  the Energy  Session  of   the 23rdNigerian   Economic   Summit   (NES)   titled   “Exploring   private   sector opportunities and investment in gas,” Attah remarked that the gas export business   could…

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  …. Stocks 2 Billion Litres Of Petrol  Yemisi Izuora  The Nigerian National Petroleum Corporation (NNPC) ahead of Christmas preparations has Stockpilied  over two billion litres of Premium Motor Spirit (PMS), also known as petrol. This the agency explained would  help ensure a hitch-free end-of-year movement of motorists, a period hitherto sometimes characterized by supply and demand disequilibrium. Speaking after his investiture as Honourary Special Marshal by the Federal Road Safety Corps (FRSC), the Group Managing Director of the Corporation, Dr. Maikanti Baru, assured that adequate measures were in place to ensure that motorists have unimpeded access to fuel ahead…

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Interview Central Bank of Nigeria Governor, Mr.. Godwin Emefiele says the central bank will continue to implement policies that would help the economy attain sustainable growth. Emefiele, gave the assurance while receiving the Forbes’ 2017 ‘Best of Africa Achievement’ award in Washington D.C. Excerpts  Recalling the Turbulent Times Like you all know, the last three years have been tumultuous not just for Nigeria, but the global economy, arising largely from the external shocks that hit, particularly the commodity exporting countries. The shocks no doubt led to the plummeting of Nigeria’s reserves as crude oil price fail to a point where…

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…Says His Lawyers Claims Of Sexual Assault Not True Hyacinth Chinweuba The Nigeria Police has denied publications in the media on 14th October, 2017 in which detained suspected kidnap kingpin “Evans’ lawyer Olukoya Ogungbeje accused the police of extorting over N50 million and other valuables” from his client. The police also denied report that Police team which arrested the suspect Sexually molested his Girlfriend, Amaka Offor. In its defense thenPolice claimed that the two publications were found out to be absolute falsehood, misleading, unfounded and deliberate attempt to cast aspersion on the thorough and discrete investigation carried out by the…

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..46 Indian Companies To Attend Future Energy Nigeria Conference In Lagos Yemisi Izuora Indian utility vendors and services are exploring Africa’s huge market and in particular the West Africa’s energy sector. Dr. Rajeev Singh, the Director General and CEO of the Indian Chamber of Commerce ICC who is representing India as the featured country partner at the upcoming Future Energy Nigeria, hosting a pavilion of almost 50 suppliers of specialised technology and services for the energy sector, said the country presents huge opportunity in the continent. Future Energy Nigeria will once again host many of the country’s leading energy decision makers…

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 Yemisi Izuora The Nigeria Liquefied Natural Gas, NLNG has served a demand notice for the sum of USD $315,598,823.29 judgment debt to the Nigerian Maritime Administration and Safety Agency (NIMASA). The sum represents the payments made under protest to the Agency by NLNG since 2013, as well as direct and shipping losses incurred by NLNG due to the initial 2-day blockade of the Bonny Channel by NIMASA in May 2013.   The development followed the decision on October 3, 2017 by the Federal High Court, Lagos that NLNG was not liable to make the said payments to NIMASA, and that all such payments already made by…

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Yemisi Izuora  The African Development Bank’s, AfDB has said in its updated forecast on the African economic outlook, that the continents economy in 2017 compared with 2016 remains on a positive growth path and is expected to gain momentum in 2018. The Banks further revealed that East Africa remains the fastest growing region, from 5.1% in 2016 to 5.4% and 5.8% average GDP growth in 2017 and 2018 respectively.. GDP growth in 2017 is expected at 3.0% up from 2.2% in 2016 and projected to expand to 3.7% in 2018, the bank said at the release of the report in Abidjan…

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..Signs MoU On Space Based ADS-B Yemisi Izuora  The Managing Director of the Nigerian Airspace Management Agency (NAMA) Capt. Fola Akinkuotu has described the role of human factor in Air Traffic Management safety as critical in the process of hazard identification and safety risk management. Akinkuotu who was a guest speaker and panelist at the just-concluded Civil Air Navigation Services Organisation (CANSO) Africa Conference and Safety Seminar which held in Marrakesh, Morocco listed the human factors to include environmental, organizational and job factors as well as individual characteristics, saying that all these have direct impact on the individual’s behavior and…

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