Yemisi Izuora Government of Germany, has expressed its support to help Nigeria overcome its food shortage crisis. Consul-General of Germany in Nigeria, Mr. Weert Borner, who made the comments explained the challenges and difficulties Nigeria is currently facing regarding security issues, high costs, low productivity, various pests, poor logistics, and climate change. Borner, spoke at the 2025 edition and the 10th anniversary of the agrofood & plastprintpack Nigeria exhibition and conference which officially kicked off at the Landmark Event Centre in Lagos, Nigeria, in Tuesday. The German envoy stated that the German government is ready to support agrofood in…
Author: Orientalnews Staff
Yemisi Izuora FirstBank has lodged an appeal against the decision of the Federal High Court (FHC) in its suit against GHL. Also, FirstBank filed an application for an injunction of the Court against GHL, pending the determination of the appeal, insisting the Cargoes of Crude Oil on the FPSO TAMARA TOKONI remain arrested. In a reaction to the ruling the Bank expressed surprise at the twist of events, following the decision of the Court. It said the Federal High Court in a surprising shift from the true nature of FirstBank ’s claim held that the matter is not a…
Joseph Bakare The Director General and Chief Executive Officer (DG/CEO) of the the Nigerian Meteorological Agency (NiMet), Professor Charles Anosike has reiterated the need for closing early warning gap. The DG, made the call on the occasion of the celebration of the 2025 World Meteorological Day. This year’s celebration themed “Closing the Early Warning Gap Together” reflecting a global commitment to strengthening early warning capabilities was celebrated globally on Sunday, 23rd March 2025, and was also used to mark the 75th anniversary of the organization. At a special ceremony to mark the day at NiMet’s headquarters in Abuja on…
Yemisi Izuora The National Emergency Management Agency (NEMA), has launched a strong campaign demanding actions to close existing gaps in responding to disasters across the country. The NEMA, however recognizes that effective disaster preparedness begins with reliable meteorological data and early warning systems, and its strong partnership with the Nigerian Meteorological Agency (NiMet) has been instrumental in this regard. Speaking during the 2025 World Meteorological Day, with the theme, “Closing the Early Warning Gap Together,” the Director General of NEMA, Zubaida Umar, says the theme, highlights a critical challenge in disaster risk reduction ensuring that timely and accurate early…
Uche Cecil Izuora As part of broader energy efficiency initiative, the Ogun State Governor, Prince Dapo Abiodun, has dragged the State into a partnership deal with Ambar Energia of Brazil to establish power plants in the State. This is part of his administration’s commitment to guarantee an adequate supply of power and food security to residents, as well as thousands of industries operating in the state. He noted that Ogun State, being the industrial capital of Nigeria, must optimally utilize the amendment of the 1999 constitution, which decentralizes power generation and allows federating units to generate their electricity independently…
March 25, 2025 Nigeria’s power sector has long been plagued by inefficiencies, poor electrification rates, as well as chronic power outages and shortages. Despite being Africa’s largest economy, access to stable and reliable electricity remains a major constraint to industrial growth and economic development. Based on data from Nigerian Electricity Regulatory Commission (NERC), Nigeria’s installed power generation capacity is currently about 13,625 MW but the operational output was only reported to be c.5,339MW recently. Thus, the power sector continues to lag behind in meeting the nation’s energy demands. One of the most effective strategies to overcome these challenges is…
Yemisi Izuora The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has observed with concern the recent tension and panic buying of petroleum products across the country. The Association also noted the news making the rounds in the media space that the temporary suspension of sales in Naira by Dangote Refinery is the reason for the panic buying. “We wish to reassure the public that this is not a justification for panic buying. The Nigerian National Petroleum Company Limited (NNPCL) has two functional refineries, and there are other modular refineries, as well as importers, that are also supplying…
Yemisi Izuora The Manufacturers Association of Nigeria (MAN) has stated that the production of polypropylene by the Dangote Petroleum Refinery & Petrochemicals will revive Nigeria’s struggling textile industry and save the country $267 million in import costs. In an interview on the Channels Business Incorporated Programme, the Director-General of MAN, Segun Kadir-Ajayi, highlighted the struggles of the textile industry, which was once thriving and employed over 25,000 workers aged between 18 and 40 in the northern region alone. He explained that many companies have been forced to shut down due to the absence of local polypropylene production and the…
Uche Cecil Izuora Nigeria’s Trans Niger oil pipeline has been fully restored and is working normally, after it was ruptured by a blast last week, Renaissance spokesperson Tony Okonedo said on Tuesday. The Trans Niger Pipeline (TNP), with a capacity of around 450,000 barrels per day, is one of two conduits that export Bonny Light crude from Nigeria, Africa’s biggest oil producer. Oil output through the TNP was rerouted to an alternative line after blasts ruptured the main link on March 19, according to Nigerian oil consortium Renaissance Group, which now owns Shell’s former onshore subsidiary that operates the…
Yemisi Izuora The Chief Operating Officer of TankTiger, Steven Barsamian, export of jet fuel to the U.S by Dangote refinery would go a long way to reduce soaring prices of the product. TankTiger is a terminal storage clearinghouse that aims to connect buyers and sellers of terminaling services and midstream logistical assets across the globe. Barsamian, says the surge in demand, partly driven by the influx of supply from Nigeria, is expected to lower jet fuel prices in the US ahead of the peak summer travel season. The US jet fuel imports from Dangote Refinery are expected to decrease…