Author: orientalnewsng

Richard Ginika Izuora Oil giant Royal Dutch Shell is pushing towards acquiring African solar provider Daystar Power as it expands its global renewables portfolio, the companies said on Wednesday. Shell is one of the most influential oil producers in Africa, but the Daystar purchase is its first power acquisition on the continent, underscoring a mandate to halve greenhouse gas emissions by 2030. “As we do this, we’re helping to address a critical energy gap for many who currently rely on diesel generators for backup power,” Thomas Brostrøm, Shell’s vice president for renewable generation, said in a statement. Neither Shell nor…

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Dr Helen Oritsejafor is a pillar of motivation to many, an outstanding author, a great philanthropist, an architect of building potentials and skills, with intrinsic worth of noble service and generosity which she has depicted effortlessly over the years. Determined to see growth and development of lives, Dr Helen has granted remarkable help to the society at large and ensured her impact is felt wherever and whenever the need arises. She has no doubt left any stones unturned with her continuous and persistent display of selflessness and love from the young to the aged over the years. From times past,…

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Dr Helen Oritsejafor is a pillar of motivation to many, an outstanding author, a great philanthropist, an architect of building potentials and skills, with intrinsic worth of noble service and generosity which she has depicted effortlessly over the years. Determined to see growth and development of lives, Dr Helen has granted remarkable help to the society at large and ensured her impact is felt wherever and whenever the need arises. She has no doubt left any stones unturned with her continuous and persistent display of selflessness and love from the young to the aged over the years. From times past, she has…

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Yemisi Izuora The Enugu Electricity Distribution Company, EEDC, has confirmed that the Electricity Transmission System also known as the power grid has collapsed again. It is reported that the collapse occurred  at 10:51am today, 26th September, 2022. The EEDC in a statement to its customers, said that works are ongoing by TCN engineers to fix the grid. The statement read, The Enugu Electricity Distribution Company PLC (EEDC) wishes to inform her esteemed customers of a system collapse which occurred  at 10:51am today, 26th September,2022. This has resulted to the loss of supply currently being experienced across the network. Due to this…

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Yemisi Izuora The Nigeria Liquified Natural Gas, NLNG, 2022 edition of The Nigeria Prize for Science, has named two winners of the edition. The exercise recognized two most outstanding works on “Gains in Grain Yield of Released Maize (Zea Mays L.) Cultivars under Drought and Well-Watered Conditions” by Muhydideen Oyekunle and Shehu Ado; and “Development of Process Plant for Plantain Flour” by Sesan Peter Ayodeji and Emmanuel Olatunji Olatomilola. The winners were rewarded with $100,000. The Prize’s Advisory Board, headed by Professor Barth Nnaji, pronounced the judges’ verdict based on the 2022 theme “Innovations in Sustainable Food Security” at a…

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YemisiIzuora  The 2022 edition of the annual National Conference of the National Association of Insurance and Pension Correspondents (NAIPCO), is now set to hold on Thursday, November 3, 2022 at Oriental hotel, Lekki, Victoria Island, Lagos. Accordingly, experts as well as stakeholders in the financial service sector will converge to deliberate on how insurance and pension fund operators can bring the Small and Medium Scale operators into micro insurance and pension businesses. The Conference which is the seventh edition in the series has the theme: “On-boarding Small and Medium Scale Enterprises into Micro Insurance and Pension Space in Nigeria.”…

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Richard Ginika Izuora There are serious concerns of the possibility of the euro zone entering a recession, with surveys on Monday showing a deepening cost of living crisis and a gloomy outlook that is keeping consumers wary of spending. While there was some easing of price pressures, according to the surveys, they remained high and the European Central Bank is under pressure as inflation is running at more than four times its 2% target, reaching a record 9.1% last month.  It faces the prospect of raising interest rates aggressively just as the economy enters a downturn. A rise in borrowing…

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Yemisi Izuora With an expanded financial services ecosystem, the Guaranty Trust Holding Company Plc, GTCO, has further cemented its operational capabilities which will further vitalize its overall financial earning. The Groups Audited Consolidated and Separate Financial Statements for the period ended June 30, 2022, released to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE), has jolted competitors even as it considers intensifying and broadening investment strategies. The Group proudly reported profit before tax of ₦103.2billion, representing an increase of 11.0% over ₦93.1billion recorded in the corresponding period ended June 2021. The Group’s loan book (net) increased by 1.8%…

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Yemisi Izuora The National Insurance Commission  (NAICOM) and the National Pension Commission ( PenCom) have endorsed the upcoming 2022 annual conference of National Association of Insurance and Pension Correspondents (NAIPCO). The conference is scheduled to hold on Thursday, November 3, 2022 at Oriental Hotel, Lekki, Lagos. The two agencies will lead other professionals to the conference to discuss burning issues in the insurance and pension sectors. The Conference which is the seventh edition in the series, has the theme: “On-boarding Small and Medium Scale Enterprises into Micro Insurance and Pension Space in Nigeria.” The keynote Speaker is the…

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Yemisi Izuora Shell has shortlisted four candidates to succeed Chief Executive Ben van Beurden who is preparing to step down next year after nearly a decade at the helm of the giant energy firm, two company sources told Reuters. During his tenure, van Beurden oversaw Shell’s biggest acquisition in decades and steered the company through two major downturns and a pivotal move to slash greenhouse emissions – a task which will only grow in importance for his successor. Shell’s board succession committee, headed by Chairman Andrew Mackenzie, has met several times in recent months to draw up plans for van…

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