Yemisi Izuora The Department of Petroleum Resources, DPR, has offered to collaborate with Lagos state government to develop a roadmap for development of oil and gas in the state. TThis partnership assurance was given by Mr. Wole Akinyosoye, DPR Zonal Operations Controller, Lagos during a courtesy visit to DPR by the Lagos State Commissioner for Energy and mineral Resources, Mr. Olawale Oluwo. Akinyosoye, who represented the Director of Petroleum Resources, stated that DPR as a responsible corporate citizen was ready to work with the State government to realize its aspirations for the oil and gas industry. He promised to ensure DPR’s total…
Author: Orientalnews Staff
The Lagos Elders’ Council chaired by Alhaji Musiliu Anibaba has assured the entire indigenes of Lagos State that it will play its paternal role where it concerns their protection, and preservation of their interests. In a statement issued in Lagos and jointly signed by its Organizing Secretary, Chief Sunbo Onitiri, and Publicity Secretary, Barrister Olumide Braithwaite at the end of a crucial meeting held yesterday, the council also promised to work with all other organizations of indigenes to move the state forward. The elders unanimously agreed that the council should hold a symposium sometime in October this year on topical issues affecting the indigenes of Lagos State. Details of the symposium…
The Power Sector Group of the Lagos Chamber of Commerce and Industry (LCCI), is set to hold an interactive forum with major stakeholders in the Power sector. The theme of the forum is “Investment Opportunities in the Power Sector.” The interactive forum, according to the Group’s Chairman, Engr. Effiom Edet, is scheduled to holdtomorrow Thursday, 24th August, 2017 at the Commerce House, in Lagos and would be used to highlight the investment opportunities in the Power Sector; and enhance Investment Relations between Nigeria and the United States in the Power Sector. The forum will also focus on Partnership Opportunities with inward Trade Missions, Manufacturers’ Representatives, Agencies and Franchises etc. Edet further disclosed that, “Mr. Brent E. Omdahl (Commercial Counselor) Head of U.S. Commercial Service Unit, would be…
The Director-General of the Nigerian Civil Aviation Authority (NCAA), Captain Muhtar Usman has said that the US Federal Aviation Administration (FAA) has commenced the re-assessment of the safety status of Nigeria’s aviation industry and the level of compliance with international practices. Usman who disclosed this in Lagos expressed optimism that the country would once again scale the hurdle, stressing that the regulatory agency was prepared to retain the Category One Status it attained in 2010. The attainment of Categry One Safety Status enabled Nigerian registered airlines to operate to the US and for US airlines to operate to Nigeria. Usman…
Delta is launching three weekly nonstop flights from Lagos to New York-JFK, effective March 25, 2018 and when combined with the existing four-times a week nonstop service to Atlanta, Delta will offer a daily operation from Nigeria to its U.S. hubs. The announcement comes as the airline prepares to celebrate 10 years of service to Nigeria in December and remains the only carrier to offer nonstop service between Nigeria and the United States. Delta will operate both its New York-JFK and Atlanta routes using Airbus 330-200 aircraft, which are equipped with Wi-Fi and feature 34 fully flat-bed seats in the Delta One cabin.…
First Bank of Nigeria Limited, has continued in its tradition of creating a value-chain of support for the interests and lifestyles of its customers as it develops and deploys varying categories of products and services across market segments, to support customers’ lifestyle, goals and aspirations. To drive convenience in banking, FirstBank offers innovative virtual options for funds transfer, bills payment and airtime top up, using FirstMobile app and the Bank’s USSD banking code *894#. FirstMobile, the bank’s mobile app has recently been updated with enhanced card security feature – ‘card-in-control’ which makes it possible for customers to define their card functionality on their…
The Director General of the Securities and Exchange Commission Mr. Mounir Gwarzo, has cautioned legal practitioners against unnecessary litigation at the instance of clients involved in enforcement actions of the commission. Gwarzo who was a discussant at a Break out session (Creating Secondary Market For Investors) of the Annual General Conference of the Nigerian Bar Association in Lagos urged lawyers to refrain from such actions in the interest of building confidence in the business community. He said this would ensure the support of the Legal profession to the Commission, thereby allowing the Commission to perform its statutory function and adequately…
The Minister of State for Aviation, Senator Hadi Sirika, has approved the appointment, promotion and redeployment of top management staff of the Nigerian Airspace Management Agency, NAMA to engender efficiency in the system. According to a circular issued by the Ministry of Transportation, Engr. Farouk A Umar was confirmed as substantive Director of Safety Electronics and Engineering Service just as Mr Gabriel Akpen who was until now the General Manager, Search and Rescue/Civil Military Co-ordination was elevated to Director of Operations. The Directorates of Human Resources and Administration have equally been merged, with former General Manager, Customer Services/Servicom, Barr. Maira…
The Central Bank of Nigeria (CBN), says it is developing a framework that will adequately promote stability in Nigeria’s financial system. Governor of the bank, Mr. Godwin Emefiele, who gave the indication stated that the CBN’s monetary policy has its limitations when dealing with the challenges that confront a nation during recession. Emefiele said that one of the major lessons learnt from the global financial crises of 2008-2009 was the need to develop an adequate framework and appropriate tools for managing financial stability, particularly macro-prudential and micro-prudential policies and crisis management continuum. According to him, The Financial Services Regulation Coordinating…
Nigeria is steadily improving on its Foreign Direct Investment, FDI, inflow an indication that the investment climate is showing signs of improvement. In the second quarter of 2017, the country recorded a total value of capital importation of $1.792 billion, indicating a $884.1 million increase over the figure recorded in Q1 2017 and a growing appetite by portfolio investors in Nigerian securities. This represented a 95.02 per cent growth, even as FDI, also increased by 29.8 per cent over the previous quarter, the National Bureau of Statistics (NBS) has said. Analysing the capital importation figure in its report for the…