Yemisi Izuora Insurers Companies are currently jostling for underwriting projects outside Middle East with premiums for upstream energy insurance outside the region tumbling by about 25 per cent year to date, insurance brokers told the Financial Times. In some cases, some insurers have slashed the premiums by as much as 50 per cent, even at a short-term loss, according to industry insiders who spoke to FT. The reason is clear-as oil and gas companies boost exposure to basins and projects outside the Middle East, insurers are competing for a market share of the now-shrunk global pool of upstream developments that…
Author: Orientalnews Staff
Yemisi Izuora Forty-five young Nigerian graduates have kick-off formalities for a 12-month Nigerian Content Human Capital Development (NC-HCD) Training Programme for technical competencies identified as critically important for value retention and increased indigenous participation across the oil and gas industry value chain. Organised by the Nigerian Content Development and Monitoring Board (NCDMB), in partnership with Chevron Nigeria Limited and Tombas Resources Nigeria Limited, the programme is geared towards provision of Automated Crude Oil Storage Tanks Upgrade and Repair Services, and is designed to have the trainees adequately grounded in process control technologies, industrial instrumentation and maintenance practices, as well…
Uche Cecil Izuora Rural Electrification Agency (REA) is strategically developing Renewable Energy Service Companies (RESCOS) to provide sustainable and affordable energy sources especially for underserved communities in the country where grid system is unavailable. The Agency is midwifing conversion between these utility companies with Electricity Distribution Companies (DisCos) to have a clear plan of operation in identified locations. In the next 10 to 15 years REA says this will take shape in a major shift aimed at tackling persistent blackouts and expanding electricity access across the country. Managing Director of the REA, Abba Aliyu, disclosed this on Thursday at…
Yemisi Izuora The Government of Germany is seeking to boost relations with Nigeria and other African countries, which is being facilitated by the German Foreign Minister Johann Wadephul. The Minister, in a trip across the Continent is promoting cooperation on energy, infrastructure and the economy. He also criticized US treatment of South Africa. In a tent in Lagos, three fashionable influencers sat on cushioned stools across from Germany’s Minister and for half an hour, the senior politician met youth from Africa’s creative scene. These young people are among the stars of Nigeria’s creative industry in a country with a population of around…
Uche Cecil Izuora The Managing Director of the Rural Electrification Agency (REA), Dr. Abba Abubakar Aliyu, has highlighted the need to increase local content implementation in the nation’s drive towards renewable energy development. According to him, Nigeria’s renewable energy workforce participation remains significantly low, with the sector generating only about 70,000 jobs despite attracting over $2 billion in cumulative investment, compared to the 16.2 million jobs supported by the global solar industry. The gap, according to the REA MD, underscores the urgent need for a deliberate shift toward local capacity development, warning that Nigeria cannot build a sustainable energy…
Uche Cecil Izuora Eleven outstanding poetry collections have emerged on the longlist of The Nigeria Prize for Literature, selected from 223 received for the competition. The chairman of the Advisory Board for the Prize, Prof Akachi Adimora-Ezeigbo, said this marks a significant milestone in this year’s competition and reflects the exceptional quality, creativity and diversity of contemporary poetry. Those eyeing the reward include, Adult Love by Tanure Ojaide, Bakandimiya by Saddiq Dzukogi, Black Passport by Paul Akpomuje, 2000 Blacks by Ajibola Tolase, and Ceremony for The Nameless by Theresa Lola. The rest are Corpus: Animistic Verses by Ayo Oyeku, Floral’s Love Colony by Tares Oburumu, The Origin of…
Yemisi Izuora Chairman of Portland Gas Limited, and former Information and Culture Minister, Alhaji Lai Mohammed, has said that regulatory certainty, transparent policy frameworks, and competitive fiscal incentives are key to attracting the scale of investment needed to transform Nigeria’s energy sector. Speaking in a strategic industry context, the former Minister, noted that these factors would play a decisive role in unlocking billions of dollars in capital required to drive growth, deepen gas utilisation, and reposition the country within the global energy market. He made this known in his keynote address at the Oriental News Nigeria 2026 Conference, where…
Uche Cecil Izuora The Rural Electrification Agency (REA) has officially performed the groundbreaking for a 1.5MW Interconnected Mini-Grid project in Pankshin, Plateau State. This groundbreaking ceremony follows the recent commissioned 50kW Access to Markets and Agriculture (AMP) Solar Mini-Grid in Namu Community in the state and series of groundbreaking event held recently in Kogi (20MW), Kebbi (3.5MW), Adamawa (27MW) and Rivers states (12MW) respectively. Addressing stakeholders at the ceremony in Plateau state, the Managing Director of the REA, Dr Abba Aliyu emphasized that the Pankshin facility is part of a larger national rollout involving 48 interconnected mini-grids across the…
Tunde Bakare The Nigerian Communications Commission (NCC) has called for deeper collaboration among African Telecommunications and Communications Regulators to strengthen the use of data, evidence and market intelligence in driving more effective and responsive regulation across the continent. Speaking at the Heads of Regulators Roundtable during the African Telecommunications Union (ATU) Conference of Plenipotentiaries (CPL-26) in Abuja, Dr. Maida said communications regulation has become increasingly central to economic growth, digital transformation, and national development across Africa. He observed that although regulators operate within different market environments and legal frameworks, they face many common challenges, including infrastructure development, cybersecurity, affordability,…
Yemisi Izuora The Guaranty Trust Holding Company Plc (“GTCO”) has announced full plans for its 16th Annual Autism Conference scheduled to hold on Monday, July 27th and Tuesday, July 28th, at the Muson Centre, Lagos. Themed “Acceptance in Action: From Family to Classroom to Workplace to Public Spaces,” the Conference, which will be followed by one-on-one family consultations by specialists, continues the Group’s commitment to advocating for Autism through access to developmental support, professional guidance, and learning opportunities for individuals on the autism spectrum and their families. Over the years, the GTCO Autism Programme has become a leading platform…