Yemisi Izuora Kogi State Governor, Ahmed Usman Ododo has sworn in newly elected chairmen and vice chairmen of the 21 local government areas in Kogi State with a charge to be dedicated in serving the people they represent. At a ceremony held at the Banquet Hall in Government House Lokoja, the elected chairmen and vice chairmen from the 21 local government areas were seated as early as 8.am and joined by the Governor as the ceremony got underway. Governor Ododo who presided over the swearing-in ceremony urged the new chairmen to sustain the tempo of development at the grassroots…
Author: Orientalnews Staff
Yemisi Izuora Mr. Akinjide Orimolade, Managing Director/CEO, Stanbic IBTC Insurance Limited is the Keynote Speaker for the Business Journal Annual Lecture 2024 coming up on Thursday, November 26, 2024 at the Event Centre, Nigerian Exchange Group (NGX) Building, 2-4, Customs Street, Marina, Lagos. The theme of the Lecture is: Repositioning the Insurance Industry to Drive Sustainable Economic Growth in Nigeria while the Panel Session will evaluate the impact of insurance on key sectors of the Nigerian economy such as local content development, aviation, telecoms, oil & gas, banking etc. Mr. Olusegun Ayo Omosehin, the Commissioner for Insurance/CEO, National Insurance Commission (NAICOM) would be the Special Guest…
Tunde Bakare The Ilorin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Monday, October 21, 2024 re-arraigned the immediate past governor of Kwara State, Abdulfatah Ahmed alongside his Finance Commissioner, Ademola Banu on a 14-count amended charge bordering on alleged stealing and mismanagement of public funds to the tune of N5.78billion before Justice Mahmud Abdulgafar of the Kwara State High Court sitting in Ilorin. Their re-arraignment was sequel to the transfer of the former trial judge, Justice Evelyn Anyadike of the Federal High Court sitting in Ilorin to another division. Governor Abdulfatah and Banu…
Francesca Odimgbe Lagos State Governor and the Chairman of the South-West Governors Forum, Mr Babajide Sanwo-Olu, has urged leaders and members of the ruling All Progressives Congress (APC) in Ondo State to unite and work for the party’s success in the forthcoming November 16 gubernatorial election. He appealed to all the party members, particularly all the aggrieved aspirants, to shun acrimony, close ranks, be united, and work for the victory of APC and its gubernatorial candidate, Governor Lucky Aiyedatiwa, in the next month’s Governorship election. Sanwo-Olu spoke on Sunday during the party’s stakeholders meeting in Akure, Ondo State’s capital. The meeting…
Yemisi Izuora The Acting Director-General, the National Pension Commission (PenCom), Omolola Oloworaran, has prepared the minds of operators in the insurance and pension sectors on the need to fully take action to support aspirations of the Government to realise the $1 trillion economy. Oloworaran, said all players in the sectors are expected to take actionable steps that will ensure sustainable development and long-term success towards the achievement of the Federal Government’s one trillion dollar economy by the year 2030. The Director-General, stated this in her goodwill message at the 2024 national conference of the Nigerian Association of Insurance and Pension…
Yemisi Izuora Africa’s Global Bank – United Bank for Africa (UBA) Plc, has announced its unaudited results for the third quarter ended September 30, 2024, where it recorded strong and impressive growth across all its key indicators. As in the first two quarters of the current fiscal year, the bank’s gross earnings grew significantly by 83.2 per cent to N2.398 trillion up from N1.308 trillion recorded in September last year, while its net Interest income which stood at N443.0 billion at the end of the third quarter in 2023, rose impressively by 149 per cent to N1.103 trillion in…
Joseph Bakare The Dangote Petroleum Refinery and Petrochemicals FZE has approached a Federal High Court in Abuja seeking to nullify import licences issued to the Nigeria National Petroleum Corporation Limited (NNPC) and five other companies for the purpose of importing refined petroleum products. The other five companies are Aym Shafa Limited, A. A. Rano Limited, T. Time Petroleum Limited, 2015 Petroleum Limited and Matrix Petroleum Services Limited. Dangote Refinery, in a suit marked: FHC/ABJ/CS/1324/2024 and filed by Ogwu Onoja, SAN, before Justice Inyang Ekwo, had sued Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and NNPCL as 1st and…
Joseph Bakare Sahara Power has made a strong case for immediate action to manage the illiquidity crisis plaguing the power sector which is currently preventing projected growth. The Group Managing Director of Sahara Power, Mr. Kola Adeshina, who made the observation has therefore called for adoption of innovative approaches to tackle the challenge of illiquidity in the power sector. He said the issuance of promissory notes or bonds by the federal government to restore financial stability of the sector should be taken as a priority step in that direction. Adeshina made the contribution at the Energy and Infrastructure dialogue…
Joseph Bakare A fresh data on Nigeria’s power sector performance for the month of September as issued by the Nigerian Electricity Regulatory Commission (NERC) has revealed significant gap between supply and demand. According to NERCs factsheet, Nigeria’s power plants generated an average of 4,492 MWh/h in September, showing an 8 per cent increase from the previous month but however remains inadequate when compared to the population’s energy demand. The factsheet provides an in-depth operational performance assessment, revealing key insights into the state of energy generation, grid performance, and the reliability of power plants across the country. This is coming…
Yemisi Izuora The African Energy Chamber (AEC) has expressed its full support to the $1.28B ExxonMobil-Seplat which has received formal regulatory approval by. Iberia. The AEC said the approval signals Nigeria’s Commitment to an Enabling Environment Our Correspondent reports that the Federal Government has approved Seplat Energy’s acquisition of significant onshore assets from ExxonMobil’s local subsidiary, Mobil Producing Nigeria Unlimited, in a landmark deal marking a significant step forward in the country’s oil and gas sector. The Chamber as the voice of Africa’s energy sector fully supports this transaction, which affirms Nigeria’s commitment to creating an enabling environment for large-scale investments and…