Moses Ofodeme As the Governorship election in Ondo State draws near, the Oyo State Governor, ‘Seyi Makinde, has called on the Independent National Electoral Commission (INEC) to do the right thing by being fair and ensuring a level playing field in the contest. The Governor challenged the chairman of the Commission, Prof. Yakubu Mahmood, to remove the Ondo State Resident Electoral Commissioner, who is an indigene of Ondo State, noting that this would demonstrate fairness and transparency from the election umpire. Makinde stated this in Akure, on Tuesday, during the flag-off of the PDP Governorship Campaign and Presentation of…
Author: Orientalnews Staff
Tunde Bakare The National Agency for Science and Engineering Infrastructure (NASENI) through the Presidential Implementation Committee on Technology Transfer (PICTT) has awarded the sum of N70.5 million naira grant to six winners of the Developing Engineering Leaders Through Her (DELT-Her), via call for proposal, a project under Delta-2 programme of the Agency. The Agency had on March 8, 2024, International Women’s Day celebration, launched DELT-Her project and call for Proposal, aimed at addressing gender imbalance in the practice of engineering and technology based Businesses in Nigeria, by sponsoring the innovative ideas and projects by young female engineers. In his…
Yemisi Izuora The Center For The Promotion Of Private Enterprise (CPPE) has expressed concern over the resurgence of high inflationary pressures after some few months of respite despite policy measures to tame inflation, especially on the monetary side. Chief Executive Officer (CEO), of the Center, Dr. Muda Yusuf, while reacting to the inflation figure of September, noted that purchasing power had continued to plunge over the past few months and that the situation had been further exacerbated by the surging petrol price. Yusuf, noted that after few months of deceleration, the inflation numbers had returned to a spiraling path. He…
…Laments Uncompetitiveness Of Locally Produced Products Yemisi Izuora The Manufacturers Association of Nigeria (MAN) have lamented the high and rising cost environment which has continuously shrank its profitability and, in many cases threaten the existence of many operators in this critical sector of the economy. As the Association prepares for its 52nd Annual General Meeting (AGM) scheduled to hold in Lagos, with its theme: “The Imperatives of an Intentional Development of the Nigerian Manufacturing Sector”, its President Otunba Francis Meshioye, said the theme was couched with a deep reflection on the growth trajectory of the manufacturing sector in Nigeria.…
Dr. Remi Kayode The Young Women in Information Technology (YWiIT) a project concept to provide skill training for women in Nigeria has bolstered training to keep young women abreast of technology. Some of the Board of Directors In Attendance : L R : Mr Layi Atoloye, Mrs Mowo Odebunmi, Dr Remi Kayode and Mr Femi Atoloye. The training is to provide with training and knowledge that had previously hindered their careers and efforts to make meaning contributions to society development. The training provided other relevant skills transcending the tech space and reaching other corners of society. Dr. Remi Kayode,…
Yemisi Izuora Nigeria’s annual inflation rate climbed for the first time in three months in September, stoked by a spike in gasoline prices and severe floods in food-producing areas. Consumer prices rose 32.7 per cent from 32.2 per cent in August, the National Bureau of Statistics (NBS) said in a statement published on its website on Tuesday. Exceeding the median estimate of nine economists in a Bloomberg survey of 32.4 per cent. Haulage and passenger fares surged in early September after gasoline prices were increased 45 per cent. Floods in the north led to a jump in corn, yam…
Uche Cecil Izuora Sustained military strike on oil thieves which has significantly reduced criminal activities in the Niger Delta region is bringing back some idle assets into operations. Following a more clement environment, Belemaoil Producing, Nigerian independent producer, has resumed operations at Oil Mining Lease (OML) 55 in Nigeria after a three-year pause. The company acquired OML 55 from Chevron in 2015, but persistent oil theft forced the company to suspend operations in 2021. OML 55, located about 40 km west of the Bonny oil export terminal, contains five oil fields with a production capacity of around 14,000 barrels…
Yemisi Izuora Shell Companies in Nigeria (SCiN) has accentuated local content development in Nigeria by awarding contracts to Nigerian companies valued at $1.98 billion in 2023. This was revealed by Shell’s Business Value Manager, Chidi Nkazi, when the Vice President Kashim Shettima accompanied by other dignitaries visited the Shell booth at the 30th Nigeria Economic Summit. According to Nkazi, in 2023 alone, Shell Companies paid over $1.09 billion in corporate taxes and royalties to the Federal Government, a vital contribution to national revenue. This included $442 million from Shell Petroleum Development Company (SPDC) and $649 million from Shell Nigeria Exploration…
Uche Cecil Izuora Indications are emerging to the fact that Nigeria is set to witness exponential oil and gas market growth with impressive valuation. According to report, Nigeria offshore oil and gas production market continues to thrive, with an impressive valuation of US$ 34.18 billion in 2023, and is expected to see its market expand to an estimated US$ 47.03 billion by 2031, growing at a Compound Annual Growth Rate (CAGR) of 4.1 per cent within the period spanning from 2023 to 2031. Nigeria’s production of 552.84 million barrels of crude oil, including condensate in 2023 alone, reaffirms the country’s…
Joyce Onwuka The Kogi Government has called on the Federal Government and international donor Agencies to come to the aid of the State as flood sacked over 200 communities. The Commissioner for Information, Mr Kingsley Fanwo, made the call at Kotonkarfe during an inspection visit to communities affected within Kogi Local Government on Monday. Fanwo said the distress call became imperative considering the fact that a major “humanitarian crisis is brewing in the state. “Close to two million people are currently homeless in the 200 communities affected by flood in Kogi. “As a government, we feel National Emergency Management…