The Customs Area Controller, Oyo/Osun Command, Comptroller Joseph Olugbuyi Adelaja accompanied by senior officers of the Command paid a courtesy visit to sister agencies in Oyo State, to reaffirm his commitment to the interagency collaboration. The 2 Division of the Nigerian Army, the Nigeria Immigration Service, and the National Agency for Food and Drug Administration and Control (NAFDAC) are among the agencies visited During his visit to the 2 Division of the Nigerian Army and the Nigeria Immigration Service, Comptroller Adelaja expressed his deep appreciation for the opportunity to engage with fellow security agencies. He acknowledged their critical roles…
Author: Orientalnews Staff
Ken Okeke A new study commissioned by Visa reveals a rise in consumer awareness and proactive security measures for digital payments across Central and Eastern Europe, the Middle East, and Africa (CEMEA). The ninth annual Stay Secure study, which surveyed 5,800 adults across 17 diverse CEMEA markets, found that 98% of consumers now actively take precautions to secure their online transactions, showcasing increased savviness as digital payments gain momentum. While 64% of respondents in Nigeria acknowledge their vulnerability to scams like phishing, the increased adoption of security measures and preference for stronger authentication indicate a positive shift in consumer…
Ken Okeke The Ethiopian aviation sector is set to take center stage as the country prepares to host the inaugural Ethiopian Aviation Forum from April 24-25, 2025, at the Ethiopian Skylight Hotel in Addis Ababa. According to a press release by the organizers, this landmark event will gather approximately 400 senior aviation leaders from airports and airlines, comprising CEOS, CCOs, VPs, GMS, and other key executives. Participants will engage in dynamic discussions and case studies to tackle critical industry issues. The forum focuses on practical insights and fosters collaborative solutions essential for the evolution of aviation in Africa featuring…
Francesca Odimgbe The Lagos State Government, in partnership with EnterpriseNGR under the platform of the Lagos International Financial Council (LIFC), on Monday signed a Memorandum of Understanding (MoU) with the City of UK and the Foreign Commonwealth and Development Office (FCDO) for the development of an International Financial Centre in Lagos to drive economic growth. The signing of the MoU by the Lagos State Commissioner for Finance, Mr Yomi Oluyomi; CEO EnterpriseNGR, Mrs. Obi Ibekwe; Head, Eurasia, Middle East and Africa of The City UK, Chika Mourah; and Director, International Development of The City UK, Anna…
Tunde Bakare Operatives of the Lagos Directorate 1 of the Economic and Financial Crimes Commission, EFCC, have arrested two suspects for their alleged involvement in Naira abuse The suspects; Adeoti Folake and Adewuyi Modupe were apprehended in Lagos on Friday, March 21, 2025 while allegedly hawking Naira notes. Upon their arrest, the sum of N3,850.000 ( Three Million, Eight Hundred and Fifty Thousand Naira) and N1,600.000 ( One Million Six Hundred Thousand Naira )were recovered from them respectively. The suspects will be charged to court upon conclusion of investigations
Vincent Ezenagu The Federal Government and the NNPC Limited/FIRST Exploration and Petroleum Development Company (FIRST E&P) Joint Venture (JV), have called for collaboration among stakeholders in the oil-production communities to ensure sustainable development. This call was made by the Managing Director of FIRST Exploration and Petroleum Development Company, Mr. Ademola Adeyemi-Bero and the Honourable Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, (Ph.D), at the KEFFESO Stakeholders Forum held at Yenagoa, Bayelsa State on Thursday, March 13, 2025. In line with the Petroleum Industry Act (PIA) 2021, the KEFFESO Host Communities Development Trust (KHCDT) was established by…
By Segun Bankole “The journey of a thousand miles they say begin with a step”. No matter how rough that journey might be, the dogged and focused ones never lose sight of where they are headed; they keep forging ahead, reinventing the wheels over and over again. This best describes the journey that one of Nigeria’s budding underwriting firms embarked upon some 30 years ago when it made its debut entry into the Nigerian Insurance landscape after metamorphosing from the then Grand Union Assurances Limited on January 2, 1995. Since then, it has been a journey of hope,…
Roland Iwuchukwu Operatives of the Economic and Financial Crimes Commission, EFCC, on Monday, March 24, 2025 busted a Ponzi Scheme Academy and arrested 133 suspects in Abuja. They were arrested at the Compensation Layout in Gwagwalada area of the Federal Capital Territory, FCT, Abuja, following actionable intelligence on the existence of the Academy. The Academy, named Q University (a.k.a Q-Net) is in the business of recruiting gullible young Nigerians who are trained to recruit more gullible citizens into the scheme with the promise of getting unrealistic profit returns. The suspects are enrolled into a training codenamed: “Special Training for New Generation Billionaire” and…
Valentine Okafor The Impact Investors Foundation (IIF), has launched a comprehensive Nigeria Impact Investing Research and Industry Collaborative (NIIRIC) Stakeholder Mapping Report to identify critical gaps and collaboration opportunities in Nigeria’s research, innovation, and commercialisation landscape. This pivotal study, officially launched in Lagos provides an in-depth assessment of Nigeria’s research ecosystem, identifying key public and private stakeholders involved in research and innovation, as well as those who utilize research findings. Funded by the UK International Development of the UK Government in the third phase of the Research and Innovation Systems for Africa (RISA) Fund’s Sustainable Systems for Research and Innovation…
Yemisi Izuora The United Bank for Africa (UBA) Plc, successfully grew its profit by 26.14% year on year to N766.568 billion in 2024 from a total amount of N607.696 billion the group posted in financial year 2023. In its audited report released on the Nigerian Exchange, the pan African banking group performance was supported by significant improvement in revenue amidst high interest rate environment in its key markets. The Banks net interest income rose sharply to N1.530 trillion, up by 116% year on year from N707.540 billion in the financial year 2023. Net fees and commission income also increased…