Uche Cecil Izuora Nigerian companies are engaging in developing brownfield oil assets targeting increased production capacity and also providing opportunities for major cut in emissions from such facilities. This follows Nigeria-based offshore construction company, Intrepid Energy Limited which has entered into collaboration with United Kingdom’s Aquaterra Energy to deliver a bespoke subsea well intervention equipment package for a project in Nigeria. “Working with Aquaterra Energy marks a significant step forward for our intervention operations in Nigeria. Their specialised technology enhances our ability to execute intervention programmes efficiently, maximising performance across our assets. By combining Aquaterra’s technical expertise with our deep…
Author: Orientalnews Staff
Uche Cecil Izuora The West African Gas Pipeline Company Ltd. (WAPCo) has sustained job creation in Nigeria spending over 750,000 dollars annually to train Nigerians in skill acquisition. Currently more than 164 artisans in Nigeria, have benefited from the programme with a focus on empowering local communities. Dr Isaac Adjei-Doku, General Manager, Corporate Affairs of WAPCo, made this announcement during the graduation ceremony of youth participants from operational areas in Ota, Ogun State. Adjei-Doku said that the company also provided start-up tools and scholarships to deserving students in Nigeria. “Every year, we allocate no less than 750,000 dollars across…
Yemisi Izuora The Sure FM 97.5 Management has approved the appointment of Iyabo OGUNJUYIGBE as the new General manager of the Ikorodu based radio station. According to the Management of the station, Ogunjuyigbe was chosen for the position due to her expertise in broadcasting, international exposure, outstanding managerial skills and unrivalled passion for the profession. The role involves directing the affairs of the organisation and ensuring that she makes sure that the station becomes a force to reckon with. Speaking on the appointment, Ogunjuyigbe appreciated the organisation for believing in her, adding that she will do her best to write…
Yemisi Izuora The Stanbic IBTC Bank Purchasing Managers’ Index (PMI) says recovery in the Nigerian private sector gathered strength in March, with output, new orders and employment all increasing to greater degrees than in February. Firms were helped to some extent by softening inflationary pressures, with input costs increasing at the slowest pace since May 2023. The headline figure derived from the survey is the Stanbic IBTC Bank PMI. Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show a deterioration. The headline PMI posted 54.3 in March, up from 53.7…
Yemisi Izuora The Nigeria Civil Aviation Authority (NCAA) has confirmed, improved operations by Arik Air, which is seen as a significant turnaround. In a report the Authority revealed that Arik Air in 2024, airlifted 2,239,176 passengers between January 1, 2024, to December 31, 2024. The airline, which has been under the receivership of Asset Management Corporation of Nigeria (AMCON) since 2017, despite its challenges, also operated 10,699 flights within the year under review, making it the second most active airline in terms of passenger traffic and flight operations in Nigeria, after Air Peace. According to the report, the total…
Yemisi Izuora The 2025 Lagos Tourism NBC Trade Fair is set to become Nigeria’s largest trade and commerce gathering, with an anticipated ₦5 billion in sales, over 220 vendors, and an expected 75,000 attendees in three days. The second edition of this partnership between Naija Brand Chick and Lagos State Ministry of Tourism, Arts, and Culture is focused on leveraging entertainment to further drive trade. The fair will take place from Friday, April 11, to Sunday, April 13, at Balmoral Hall, Federal Palace Hotel, Victoria Island, Lagos. The Special Adviser to the Lagos State Governor, Mr Babajide Sanwo-Olu, on…
Ken Okeke Justice Deinde I. Dipeolu of the Federal High Court sitting in Ikoyi, Lagos, on Wednesday, April 2, 2025, convicted and sentenced Okunfulure Olusola Steve to three Months imprisonment for money laundering. The convict was arrested on March 28, 2025 at the Murtala Muhammed International Airport, Ikeja, Lagos by operatives of the Nigeria Customs Service, NCS, for false currency declaration to the tune of $30,0000. The NCS had, on Friday, March 28, 2025, handed him over to the Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission, EFCC, Okotie Eboh, Ikoyi, Lagos for further investigations. Consequently,…
Tunde Bakare The Economic and Financial Crimes Commission, EFCC on Wednesday, April 2, 2025 tendered additional evidence against Kore Holdings Limited before Justice J. O. Abdulmalik of the Federal High Court Abuja. The Commission is prosecuting the company alongside Muhammed Kuchazi (now deceased) in connection with the Process & Industrial Development, P&ID fraud portfolio on amended four-count charges that border on non-compliance with Federal Ministry of Industry, Trade and Investment requirements, money laundering and other illegal acts. At Wednesday’s proceedings, Second Prosecution Witness, PW2, Umar Umar, while being led in his testimony by prosecution counsel, Bala Sangha, advanced eleven documents…
Yemisi Izuora Leadway Pensure, has reaffirmed its commitment to securing the financial future of Nigerians by emphasising the benefits of Additional Voluntary Contributions (AVC). The Company informs contributors that AVC allows individuals to contribute extra funds to their Retirement Savings Account (RSA), helping them build a more secure financial future.” This was highlighted during a recent interactive webinar hosted by the company, titled “Beyond the Paycheck: Learn Winning Strategies to Boost Your Savings.” The session provided participants with practical insights, guidance, and real-time strategies for optimising retirement savings. It demystified AVC and outlined steps to help Nigerians build a…
Yemisi Izuora Remita has unveiled its report – Unlocking the Power of AI in Nigeria’s Fintech Sector, which serves as an industry blueprint providing actionable insight for AI adoption in financial services, and equipping fintechs with practical steps to harness AI for business growth, operational resilience, and sustainable innovation. The report is coming as Nigeria’s AI market is projected to reach USD $434.4 million by 2026, growing at a staggering 44.2 per cent compound annual growth rate (CAGR), organisations must therefore position themselves to harness its transformative potential. For Nigerian fintechs with a long-term vision, the urgency to act…