Uche Cecil Izuora Oil marketing Association has said Dangote’s petrol sales in dollar has not taken off as depot prices of the product at the refinery remains unchanged. President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, while speaking on Arise Television on Wednesday said though the refinery management made announcement that sale of petroleum products would now be in dollars, it is yet to commence transactions in foreign currencies. Gillis-Harry, further confirmed his members were still buying products in Naira, the local currency of Nigeria, and further stressed that PETROAN had not been…
Author: Orientalnews Staff
Uche Cecil Izuora Offshore engineering solutions firm Aquaterra Energy has secured a multi-million-dollar contract with Intrepid Energy Limited (IEL) to deliver a bespoke subsea well intervention equipment package for a project in Nigeria. Aquaterra Energy will supply a turnkey well access package that will help enable IEL to conduct intervention operations across multiple mature oil wells in the region, supporting enhanced reservoir production. The contract includes the supply of a complete seabed-to-surface intervention system and package, spanning from the subsea tree to surface intervention equipment. Key components include Aquaterra Energy’s TRT tieback tooling, which provides production bore and annular…
Uche Cecil Izuora Rivy, an AI-powered lender for Africa’s renewable energy sector, has announced its rebrand from Payhippo and the closing of a $4 million pre-Series A funding round. This round comprises $2 million in debt and $2 million in equity, with backing from Africa climate-focused investors including All On and EchoVC Eco. This new funding is expected to accelerate Rivy’s mission to enable widespread access to clean energy in Nigeria and beyond. Since its inception in 2019, Rivy has evolved from an AI-powered lender for SMEs to a key player in financing renewable energy solutions in Nigeria. The…
Uche Cecil Izuora In line with its commitment to excellence, Egbin Power has revitalised its Learning Academy to enhance human capital development, equipping its workforce with top-tier skills and knowledge that drive innovation, efficiency, and improved service delivery in the sector. According to the Genco, the Learning Academy is a strategic capacity development hub established to bridge competency gaps and empower employees with the technical, operational, management, and leadership skills needed for professional growth and efficient performance. Situated within the Plant in Ikorodu, the Academy also serves as a talent pipeline, equipping trainees with the necessary expertise…
Yemisi Izuora Zenith Bank Plc has announced its audited financial results for the year ended December 31, 2024, delivering significant growth across key performance indicators. The Bank’s impressive performance reflects effective management and pricing of its risk assets, as well as an optimized treasury portfolio, reinforcing its position as a leader in Nigeria’s banking industry. According to the audited financial results for the 2024 financial year presented to the Nigerian Exchange (NGX), the Bank recorded a double-digit year-on-year (YoY) growth of 86% in gross earnings, increasing from N2.13 trillion in 2023 to N3.97 trillion in 2024. This…
Yemisi Izuora Zambia’s Vice President, Mutale Nalumango, has arrived Nigeria for an official visit to attend the 2025 International Women’s Day (IWD) Conference, organized by Access Bank. The highly anticipated event, scheduled for Friday, March 28, 2025 will bring together influential women leaders, policymakers, and advocates from across Africa and beyond. At the invitation of Access Bank, Nalumango will serve as the Special Guest of Honour and deliver a goodwill message, at the prestigious conference. Themed “Accelerate Action, Inspiring Generations!”, the event aims to foster meaningful discussions on women’s empowerment, leadership, and economic inclusion. The conference will feature prominent…
Joyce Onwuka GWG Media Services Limited, publishers of GWG.ng has announced the death of Madam Helen Erina Aziken, mother of Emmanuel Aziken, publisher of Nigeria’s leading online news portal. Madam Aziken, 82 was pronounced dead late on Sunday, March 23 at Heartland Cardiovascular Consultants, Asokoro, Abuja where she had received therapy over the past eight years for a heart condition. Helen Aziken born in Alisor, Agbor, Ika South Local Government Area of Delta State was a dedicated merchant, housewife and mother to Chukwudi (deceased), Emmanuel, Gladys Ozor, Chukwuekwu Oyema Aziken, Grace Ojji and step-mother to Chukwuemeka Oyema-Aziken, Monday Aziken…
Tunde Bakare The Nigeria Customs Service (NCS) has made its largest single seizure of smuggled Premium Motor Spirit (PMS) in Kebbi State since the operation Whirlwind commenced. Speaking on behalf of the Comptroller General of Customs, Bashir Adewale Adeniyi MFR the Assistant Comptroller General (ACG) of Financial Administration and Special Duty, as well as the National Coordinator of Operation WhirWind, Hussein Ejibunu, disclosed this on Tuesday march 2025 during a press briefing in kebbi state. According to Ejibunu, the smuggling of PMS poses a serious threat to the Nigerian economy, leading to revenue losses, distortion of trade statistics, artificial…
Yemisi Izuora The Aliko Dangote Foundation (ADF) has extended its Food Intervention Programme to Kwara State with 25,000 bags of 10kg rice set to be distributed across 16 local government areas in three days. The ADF team led by the Group General Manager Human Resources, Dangote Cement PLC, Ahmed Gobir, was received by the Kwara State governor, Abdulrazaq Abdulrahman, represented by his deputy, Kayode Alabi, at the Ministry of Agriculture, Ilorin, the Kwara State capital Tuesday, 25th March, 2025. Mr Alabi expressed that the unwavering commitment of the Chairman of the Aliko Dangote Foundation, Mr Aliko Dangote,…
Yemisi Izuora Lagos State Governor, Babajide Sanwo-Olu, on Wednesday officially opened the 10th Agrofood and Plastprintpack Nigeria Conference and Exhibition, emphasizing the state’s commitment to industrialization, economic diversification, and environmental sustainability. While speaking at the event, Sanwo-Olu, represented by Barr. Bimbola Salu-Hundeyin, the Secretary to the Government, highlighted Nigeria’s projected growth into Africa’s largest consumer market by 2050, making the Agrofood and Plastprintpack Nigeria event crucial for shaping the future of the continent. The Governor commended the exhibitor’s role in fostering innovation, technology, and investment in agro-processing, food production, packaging, and plastics. He also emphasized Lagos’ strategic position as…