Joyce Onwuka The Kogi State Government has reacted to what it described as reckless, malicious, and utterly false allegations made by the suspended Senator Natasha Akpoti Uduaghan in her verified Facebook Page, in which she claims that Governor Ahmed Usman Ododo, former Governor Yahaya Bello, and the Senate President, Senator Godswill Akpabio should be held responsible if anything happens to her. The Government considers the allegations as yet another desperate and calculated attempt by an incurable liar and serial manipulator to mislead the public, incite unrest, and present herself as a victim after deliberately violating the ban on political…
Author: Orientalnews Staff
Valentine Okafor The Governor of Adamawa State, Ahmadu Fintiri, has commended Aliko Dangote’s philanthropic efforts towards vulnerable individuals across the country. Under the intervention, over one million Nigerians nationwide will receive a 10kg bag of rice each. Fintiri stated that the National Food Intervention Programme of the Aliko Dangote Foundation has brought joy to 35,000 people in Adamawa State. The Aliko Dangote Foundation began distributing 35,000 bags of 10kg rice to vulnerable individuals across the 21 local government areas (LGAs) of Adamawa. During the flag-off event in Yola, Governor Ahmadu Fintiri expressed his gratitude to the Aliko Dangote Foundation…
Yemisi Izuora President Bola Tinubu has congratulated the Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, on his admission to the prestigious Freedom of the City of London. Admission to the Freedom of the City of London is an honour bestowed on individuals either for their service to the city or for their achievements. In a press statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, President Tinubu described the honour as a fitting recognition of Mr Ovia’s exceptional contributions to business, innovation, and technology, as well as for his…
Yemisi Izuora The Central Bank of Nigeria (CBN) has reported a substantial improvement in its Net Foreign Exchange Reserve (NFER) position as of the end of 2024. This reflects a substantial improvement in the country’s external liquidity, reduced short-term obligations, and renewed investor confidence. According to the CBN, NFER stood at $23.11 billion, the highest level in over three years, a marked increase from $3.99 billion at year-end 2023, $8.19 billion in 2022, and $14.59 billion in 2021. NFER, which adjusts gross reserves to account for near-term liabilities such as FX swaps and forward contracts, is widely regarded as…
Joseph Bakare Nigeria is considering withdrawing oil blocks from operators who have failed to energize such fields, with a call on oil majors to sustain investment that will guarantee oil production growth. The Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri, has followed up with issuance of threat to withdraw oil blocks from owners that have failed to develop them. The Federal Government has therefore called on international oil companies operating to ramp up investment promising to provide incentives to ensure profitable operations. With the Federal Government setting a production target of 2.06 million barrels per day in…
Joseph Bakare A local solar energy firm, LPV Technologies, has announced its plans to produce solar panels that will meet demand and provide energy efficiency as well as create jobs in Nigeria. The company successfully inaugurated its new solar panel manufacturing facility in Lagos, which it says is capable of meeting the country’s growing demand for high-quality solar solutions. With the investment and anticipated growth plan, the firm called on Government to implement a zero-import policy for solar panels. It said the ban will reduce reliance on foreign products will strengthen local manufacturing and drive job creation in the…
Yemisi Izuora Leading industry figures, policymakers, and executives from more than 25 countries would be converging at the 6th Budapest LNG Summit to discuss the evolving role of gas and Liquified Natural Gas (LNG ) in energy transition and security. This year’s summit features an impressive lineup of high level speakers and networking opportunities to address the most pressing challenges and opportunities in the sector. The agenda will include cutting-edge presentations and discussions, starting with the International Energy Agency’s outlook on the gas market presented by Gergely Molnár, Gas Analyst at the International Energy Agency, who will share exclusive…
Ken Okeke China’s biggest oil and gas producer, PetroChina Co.’s profit hit record levels last year, as increased production offset lower energy prices and a weaker performance from its refining operations. The Company’s net income at China’s biggest oil and gas producer climbed 2 per cent to 164.7 billion yuan ($22.7 billion), although the result missed expectations. Revenue slipped to 2.94 trillion yuan from 3.01 trillion yuan. Global oil prices over the period averaged about 3 per cent less the previous year. PetroChina is the last of the nation’s state-owned oil giants to report annual earnings. The company’s portfolio…
Yemisi Izuora Former power minister and energy expert, Professor Barth Nnaji, is to deliver the 2025 edition of The Bullion Lecture. The theme of the lecture is “Architecting the Energy Sector for Nigeria’s $1-Trillion Economy Vision”. The lecture is scheduled for 10am on Thursday, April 10, 2025 at The Civic Centre, Victoria Island, Lagos. Nnaji, a recipient of three national honours: Officer of the Order of the Niger (OON), Commander of the Order of the Niger (CON), and Nigerian National Order of Merit (NNOM), is the Founder/Chief Executive Officer of Geometric Power Limited (the pioneer private power company…
Uche Cecil Izuora Heirs Energies is making significant investment progress as it prepares to exert more pressure to deliver more oil from its field assets in Nigeria. The Company’s Chief Executive Officer (CEO), Osayande Igiehon, while delivering insights on African energy leadership at the inaugural Congo Energy & Investment Forum held in Brazzaville from March 24-26, 2025, said, “Within three months of acquiring OML 17 from the previous operator in 2021, we doubled production from 25,000 barrels per day to over 50,000 barrels,” Osa told the audience. “Today, we consistently sustain this growth, aiming to surpass 100,000 barrels per…