Yemisi Izuora AIICO Insurance Plc has dismissed as misleading some damaging allegations being circulated by Mr. Obinna Adolphus Nwosu, a former agent of the Company, to various stakeholders, including regulatory authorities, law enforcement Agencies, media organisations, bloggers, employees and other members of the public. AIICO Insurance said Mr. Nwosu’s appointment as an agent of AIICO Insurance Plc was terminated and the termination of his appointment, the Company published a public notice in national newspapers on 26 June 2025, expressly warning customers and members of the public against continuing to transact or maintain any business relationship with him on behalf…
Author: Orientalnews Staff
Yemisi Izuora As global financial dynamics shift, the conversation around Africa’s sovereign risk and domestic market architecture has never been more urgent. DataPro has concluded arrangements to host the 6th International Rating Webinar in less than two months from now and wants participants to secure their spot for this all important and critical discussion. On October 8th, DataPro will bring together a unique brain trust of global academics, policy experts, and financial leaders to dissect the theme: Sovereign Credit Rating: Africa’s Roadmap to Investment Grade Status. Why should you attend? This is not just another webinar; it is a…
Uche Cecil Izuora The Nigerian Navy Ship (NNS) BEECROFT has handed over 9 suspected stowaways rescued from a merchant vessel, MT EVGENIA, to the Nigeria Immigration Service (NIS). The handover forms part of ongoing collaborative efforts among security agencies to curb illegal migration and enhance maritime safety and security. The suspects were discovered on Wednesday 19 August 2026, concealed within the propeller compartment of the vessel. They were safely evacuated and conveyed to NNS BEECROFT for preliminary investigation and profiling. Initial findings identified the suspects as Thompson Vincent (23), Emmanuel Philip (24), Tobi Olalekan (32), Omotayo Adebowale (43), Abdullahi…
Joseph Bakare The Independent National Electoral Commission (INEC),says the Commission is consolidating its operational strategies and deepening preparations for the 2027 General Election. That notwithstanding, the Commission says it is open to collaboration with nations that believes in the unity of the country and sustenance of its democratic process. Chairman, of the INEC, Joash Amupitan, expressed this view as he received Chargé d’Affaires of Canada to Nigeria, Mr. David Sproule, who visited him with other delegation from the Canadian High Commission. Speaking during the visit, Amupitan, recalled that Canada has consistently stood out as a dependable international partner in…
Uche Cecil Izuora As Nigeria Government explores several sources of energy to meet growing electricity demand, converting cassava wastewater into biogas is being considered to help address the country’s energy needs. The conversion will help transform the waste into useful resources as a sustainable solution to the environmental challenges associated with cassava processing. Cassava effluent, which is often discharged around processing centres without adequate treatment, could contaminate nearby streams and other water bodies, but its biodegradable components could also be harnessed to produce renewable energy. An Associate Professor, Department of Environmental Health and Technical Director, Renewable Resources Centre, University…
Uche Cecil Izuora Energy Minister and Green Transition of Ghana, John Abdulai Jinapo, has expressed his country’s willingness to begin supplying electricity to Nigeria as part of a broader regional ambition. Ghana already exports power to Togo, Benin, Côte d’Ivoire and Burkina Faso, with Nigeria representing a major new target market. The government’s energy mix plan combines natural gas, renewables and nuclear power to support Mahama’s 24-Hour Economy initiative Ghana’s top stories, now easier to find. Ghana is moving to add Nigeria to its growing list of electricity export partners, with Jinapor saying the country aims to become a…
Yemisi Izuora The Nigerian Content Development and Monitoring Board (NCDMB), Renaissance Africa Energy Company Limited, and Lee Engineering Limited, have onboarded 24 youths drawn principally from Rivers and Imo States for a two-month Nigerian Content (NC) Human Capital Development (HCD) brush-up vocational training on the back of the Assa North-Ohaji South Gas Project in Imo State. Areas listed for the intensive practical training programme within the facilities of ICON Lifting and Rigging Inspections Limited, a leading indigenous company in Port Harcourt, are crane operations, forklift operations, scaffolding, electrical installation, plumbing, refrigeration and air conditioning. Every trainee is assured adequate…
Uche Cecil Izuora Weak financing for deep offshore and onshore oil and gas projects in Nigeria may pose significant challenge to the country’s anticipated $50 billion investment targets. According to an industry analyst, domestic financing for both deep offshore and onshore projects has weakened in recent years, with the banking sector largely reaching its limit for oil and gas exposure. He said development finance institutions are also facing constraints, while some distress in the upstream sector has created additional pressure for lenders, which implies that the private investment model that previously helped local oil companies lift production is unlikely…
Agency Report At least 50 people, mostly children, died after an overloaded boat capsized on Thursday in Nigeria’s northwest Sokoto state, witnesses said. The accident took place near Gorau in Goronyo local government area and rescue efforts are continuing, said Abdulkadir Yusuf, an area manager at the National Inland Waterways Authority. A Reuters witness saw 50 bodies, many wrapped in mats and traditional cloths, lying in the forecourt of a community mosque ahead of their burial in Gorau later on Thursday. Deadly boat accidents are relatively common in Nigeria, where overcrowding, poor maintenance and weak enforcement of safety regulations…
Francesca Odimgbe The Governor of Lagos State, Mr. Babajide Sanwo-Olu, has reaffirmed his administration’s commitment to ending the persistent blackout and aim for a twenty four hours electricity in the state. He said the Lagos State Government is ready to work with the critical stakeholders to actualise the targeted increase in available electricity supply to about 3,500 megawatts (MW) through coordinated action on generation, transmission, distribution and metering. Governor Sanwo-Olu made the commitment on Thursday at the Lagos State High-Level Strategic Power Town Hall, held at Lagos House, Marina, to critically assess the state’s electricity situation and develop practical…