Yemisi Izuora Dr. Olayemi Michael Cardoso, on Friday, September 22, 2023, formally assumed duty, in an acting capacity, as the Governor of the Central Bank of Nigeria (CBN), pending his confirmation by the Senate. This follows the resignation of Mr. Godwin Emefiele as Governor of the Central Bank of Nigeria (CBN). Also, the Deputy-Governors-Designate have assumed duty, in acting capacities, sequel to the formal resignation of Mr. They are Folashodun Shonubi, Mrs. Aishah Ahmad, Mr. Edward Lametek Adamu, and Dr. Kingsley Obiora. Dr. Cardoso and his colleagues subscribed to the relevant oaths of office at a brief ceremony held at…
Author: orientalnewsng
Yemisi Izuora The Advisory Board of The Nigeria Prize for Science has announced a novel scientific work on respiratory technologies for keeping Nigerian new-born babies alive by Professor Hippolite Amadi as the winner of the 2023 edition of The Nigeria Prize for Science. Professor Amadi wins the Prize worth $100,000 which is sponsored by the Nigerian Liquified Natural Gas, NLNG Limited The Prize’s Advisory Board, led by Professor Barth Nnaji, announced the judges’ verdict based on the 2023 theme “Innovation for Enhancement of Healthcare Therapy” at a press conference in Lagos. Reacting to the verdict, Mr. Andy Odeh, NLNG’s General…
Yemisi Izuora The Nigeria Extractive Industries Transparency Initiative, NEITI, has revealed that the total unremitted revenues to the Federation by some government agencies and companies in the oil and gas sector in the year 2021 have risen to over $9.85bn. The figure and other vital pieces of information and data about Nigeria’s petroleum sector is contained in the 2021 Oil and Gas Industry Report by the NEITI. Executive Secretary of NEITI, Dr. Orji Ogbonnaya Orji while presenting the highlights of the report stated that the information and data contained in the NEITI latest reports paid special attention to helping the…
Yemisi Izuora Executive Governor of Nassarawa State, Engr. Abdullahi Sule, has subtly recommended adoption of insurance because it takes huge burden off the people especially businesses run by the private sector. The Governor, made the recommendation when he received in audience the Commissioner for Insurance Sunday Thomas who paid him a courtesy call in the course of meeting with stakeholders to educate and seek their cooperation in the implementation of compulsory Insurances. Sule, in his remarks gave a personal testimony while he was still in the private sector of how the sugar refinery where he worked as the Managing Director…
Yemisi Izuora The Managing Director and Chief Executive Officer, eTranzact International PLC, Mr. Olaniyi Toluwalope, has received Business Day’s Top 25 CEOs award in recognition of his company’s outstanding performance on the Nigerian Stock Exchange. Speaking during the award ceremony, which took place over the weekend in Lagos, the publisher of Business Day Media Ltd., Mr. Frank Aigbogun, stated that the award is more than just a recognition ceremony; it is a reward for excellence, innovation, and a drive for positive change. According to the publisher, Mr. Toluwalope, along with other awardees, has demonstrated extraordinary leadership, resilience, and a relentless…
Yemisi Izuora Given their strategic role in sustaining the country’s economic growth and development, key financial expert has called for enabling policies that will guarantee clement environment for the insurance and pension industries to thrive. The Managing Director/ Chief Executive Officer APT Securities and Funds Limited, Mallam Kasim Garba Kurfi, while making this call said that insurance and pension sectors are the engine of growth of Nigerian economy and that the role played by the two sectors in sustaining economic growth has clearly shown that they are the vehicle that drives the nation’s economic development. Kurfi, who stated this while…
Yemisi Izuora Given their strategic role in sustaining the country’s economic growth and development, key financial expert has called for enabling policies that will guarantee clement environment for the insurance and pension industries to thrive. The Managing Director/ Chief Executive Officer APT Securities and Funds Limited, Mallam Kasim Garba Kurfi, while making this call said that insurance and pension sectors are the engine of growth of Nigerian economy and that the role played by the two sectors in sustaining economic growth has clearly shown that they are the vehicle that drives the nation’s economic development. Kurfi, who stated this while…
Yemisi Izuora Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has commended the Nigerian Content Development and Monitoring Board (NCDMB) for its intervention in the construction of the proposed Centre for Skills Development and Training (CSDT) at Omagwa, Ikwerre Local Government Area of Rivers State. The project, initiated by the Petroleum Technology Development Fund (PTDF) to promote acquisition of skills relevant to oil and gas industry operations, has been under construction since 2011. It received a much-needed boost with the entry of the NCDMB as co-financier after due negotiations with the PTDF. Disciplines earmarked for the CSDT by…
Yemisi Izuora Polaris Bank has given out Five Hundred Thousand Naira, N500,000, to it’s loyal customers who participated in her ongoing Polaris ‘Save & Win’ promo. Fifty persons emerged winners during the exercise and each winning a cash price of N10,000. The development is in line with the Bank’s commitment to rewarding its loyal customers across the nation. The Bank, said winners emerged through a draw exercise which was witnessed by relevant Agencies of government; Federal Competition & Consumer Protection Commission (FCCPC), National Lottery Commission (NLRC) and Advertising Regulatory Council of Nigeria (ARCON) who confirmed that the 50 lucky winners…
Yemisi Izuora The Nigerian Communications Commission has expressed confidence and hope that Nigeria will achieve 50 per cent broadband penetration threshold by the end of 2023. This is coming as the telecommunications sector’s contribution to the nation’s Gross Domestic Product (GDP) has increased significantly to 16 per cent in the second quarter of 2023, according to the NCC which cited computation by the Nigeria Bureau of Statistics (NBS). The Executive Vice Chairman of NCC, Prof. Umar Danbatta, stated this in a keynote address delivered at the annual Telecom Executives and Regulators Forum (TERF) hosted by the Association of Telecom Companies of…
