Roland Iwuchukwu The National Identity Management Commission (NIMC) and security Agencies have arrested suspects asking individuals to provide details of their National Identification Number (NIN) in exchange of money in Anambra State. The Agency said it has come to its notice of the activities of unauthorised individuals or organisations purportedly asking for the submission of the NIN of Anambra residents in exchange for money, which contravenes the NIMC Act No 23, 2007, Data Protection Act, and Cyber Crime Act. Upon receiving the information on the activities of the unscrupulous individuals, NIMC, in conjunction with the Department of State…
Author: Orientalnews Staff
Joyce Onwuka Renaissance Africa Energy Company Limited has engaged 14 professors and 23 research students from various Nigerian universities for the Renaissance Joint Venture sabbatical and internship programmes. “Providing practical industry experience opportunity for lecturers and research students is a sure way to strengthen teaching and research capability that will translate into building a pool of industry professionals that can drive Nigeria’s energy ambition beyond the 21st century,” said Renaissance’s General Manager, Relations and Sustainable Development, Igo Weli, at the induction ceremony held at the company headquarters in Port Harcourt on Monday. According to Weli, the sabbatical…
Yemisi Izuora The National Insurance Commission (NAICOM) has highlighted critical roles of the insurance industry in supporting national development but however called for a far reaching reforms to support the sector’s competitiveness and growth. Speaking at the RIMSON 40th anniversary celebration, the Commissioner for Insurance Olusegun Ayo Omosehin, observed that in Nigeria, the industry has witnessed how the lack of structured risk mitigation has hampered growth, from business disruptions to the socio-economic consequences of climate-related disasters, cyber threats, and public health emergencies. Aligning his opinion on the theme of the event “Risk Management In Nigeria-Evaluating Impact And Relevance To…
Yemisi Izuora Following positive economic reforms, Nigeria reportedly recorded a balance of payments surplus of $6.83 billion in 2024. The development follows the impact of reforms, a stronger trade performance and renewed investor confidence in the economy, the Central Bank of Nigeria (CBN) said on Monday. Since coming into office in 2023, President Bola Tinubu has ended costly petrol and electricity subsidies and twice devalued the naira currency to boost Nigeria’s decade-long sluggish output. Tinubu’s current focus is on overhauling the state oil firm and tax system to boost revenue and efficiency. The balance of payments surplus compares with deficits…
Tunde Bakare Funding constraints has pushed Nigeria to seek financial support from the Japan International Cooperation Agency (JICA) to close yawing electricity supply gap in communities highly underserved from fragile grid infrastructure. The Minister of Power, Adebayo Adelabu, approached JICA, to secure potential co-financing support for the Distributed Access through Renewable Energy Scale-up Project (DARES). The DARES is a critical initiative aimed at expanding the reach of renewable energy nationwide. The $750 million World Bank-assisted programme implemented by the Rural Electrification Agency, is to provide electricity to 17.5 million Nigerians. This initiative is set to expand energy access in rural…
Joseph Bakare The Federal Government and key industry stakeholders have reaffirmed commitment to the full implementation of the Naira-Crude sale policy as strategic initiative that would continue for as long as it aligns with public interest and supports the national economy. The Government maintained its position on this after the Technical Sub-Committee on the Crude and Refined Product Sales in Naira initiative meeting in Abuja, chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun. The sale of crude oil and refined petroleum products in naira to local refineries commenced on October 1, 2024,…
Agency Report Sacrifice zones are places where big business and transnational corporations contaminate rivers, air, waters and soil for profit, while the price is paid by local communities suffering degradation of their health and ecologies. “To dismantle sacrifice zones, governments and corporations must prioritize people over profit, implement robust environmental safeguards, and respect the rights and autonomy of affected communities,” a new analysis argues, with examples of four places across the world. This article is an analysis. The views expressed are those of the author, not necessarily Mongabay. See All Key Ideas Across continents, “sacrifice zones” resemble wounds carved…
Yemisi Izuora The Nigerian gas sector has received a significant investment boost with Temile Development Company Ltd securing a contract with Hyundai Heavy Industries for the construction of an 88,000 cubic meter Very Large Gas Carrier (VLGC). The contract, signed in London, United Kingdom on Wednesday alongside a deal for the construction supervision contract with the NLNG Shipping & Marine Limited (NSML), is valued at over $250m. This brings TDC’s total investments in the gas sector to over $450m, within the last four years. The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, in a speech at the…
Uche Cecil Izuora Nigeria’s digital infrastructure is set for a major boost as leading global energy and infrastructure conglomerate, Sahara Group and the Federal Government of Nigeria explore the establishment of a National Data Park and Compute Infrastructure at Egbin Power, Africa’s largest privately-run thermal power plant. Sahara Group’s collaboration with the Federal Government will be driven by Dr. ‘Bosun Tijani, the Honourable Minister of Communications, Innovation & Digital Economy. The project aims to harness data sovereignty and cybersecurity for accelerated economic growth in Nigeria. Speaking during a meeting at Sahara Group’s Isle Centrum office in…
Uche Cecil Izuora Aba Power, has commenced initial operation aimed at metering about 200,000 customers following the set up of a high-powered team comprising 10 persons to ensure the speedy implementation of its mass meter rollout. Headed by Alfred Ategie, head of the Metering Team at Aba Power, the Mass Metering Rollout Project will provide 20,000 prepaid meters in April and another 20,000 meters in May in the Aba Ring-fenced Area, comprising nine of the 17 local government areas in Abia State. The objective is to meter all the utility’s over 200,000 customers by next year. “Alfred is the…