Author: orientalnewsng

Transparency Scape Insurance Brokers Limited, a premier insurance brokerage firm in Nigeria, proudly announces the official commercial launch of InsurEase, its groundbreaking InsurTech mobile application. After a successful pilot phase with key industry stakeholders, InsurEase is now available for download on both the Google Play Store and Apple App Store, serving Android and iOS users nationwide. With InsurEase, customers can effortlessly purchase a wide range of insurance policies—including health, device, motor, and travel insurance—directly from their smartphones. The app’s intuitive design ensures a smooth, user-friendly experience, allowing users to explore, compare, and secure insurance coverage within minutes. Transparency Scape’s mission is…

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The Executive Secretary NCDMB, Engr. Felix Omatsola Ogbe presenting NCDMB’s plaque to President of the Dangote Group, Alhalji Aliko Dangote after the inauguration of NCDMB/Dangote Joint Technical Committee (JTC) on the refinery plant on Tuesday Yemisi Izuora The Nigerian Content Development and Monitoring Board (NCDMB) and the Dangote Petroleum Refinery and Petrochemical Company on Tuesday inaugurated a Joint Technical Committee (JTC) aimed at advancing local content implementation during the operational phase of the 650,000 barrels per day refinery plant.  The inauguration ceremony which took place on Tuesday at the Dangote Free Trade Zone, Ibeju-Lekki, Lagos State marks a pivotal moment…

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Uche Cecil Izuora  The Lagos State Government has restated commitment towards enhancing water transportation to meet demand of transport needs of residents. Speaking at the Regional Ferry Safety Conference hosted by the Lagos State Waterways Authority (LASWA) in Lagos today, the State Governor, Babajide Sanwo-Olu, stated that the conference is not merely timely but essential especially in Lagos State with over 25 million residents which makes robust ferry transportation system for urban mobility, tourism, and economic connectivity undeniable.  The conference is themed, “Charting Safer Waters: Advancing Ferry Safety Through Innovation, Collaboration, and Integrated Transport Solutions.” The Governor who was represented…

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YEMISI IZUORA,  in this analysis looks at the novel Champions of Nigerian Content Awards by the Nigerian Content Development and Monitoring Board (NCDMB) Nigeria’s local content in the oil and gas industry has seen significant growth.  This increase is attributed to the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act and the Nigerian Content Development and Monitoring Board’s (NCDMB) strategic roadmap. The NCDMB is also working towards a target of 70 per cent local content by 2027.  In celebrating the exponential growth the NCDMB in May 2025,  partnering with Sweetcrude Limited, hosted the inaugural Champions of Nigerian Content…

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Joseph Bakare The Auditor-General for the Federation (AuGF), Shaakaa Kanyitor Chira, has implored the nation’s leaders and citizenry to intensify their efforts in championing the cause of fiscal discipline and accountability within the public finance system. The AuGF, who spoke with the media, as the nation celebrates Democracy Day on Thursday, commended President Bola Tinubu’s administration for its ongoing fiscal and tax reform initiatives, describing these measures as essential for enhancing the nation’s revenue generation and budgetary expenditures. Chira explained that transforming the potential benefits of these reforms into tangible gains for the citizenry required more transparent fiscal mechanisms for…

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YEMISI IZUORA, in this analysis looks at blistering and stifling economic headwinds and claggy fiscal conditions and policies that has limited the growth of Nigeria’s manufacturing sector. The Nigeria’s manufacturing sector should have by now recorded exponential growth in leaps and bounds but steadily it fights  recession and depression occasioned by consistent fuggy and suffocating policies. It suffers multiple layers of crises ranging from sabotage due to large scale import of substandard goods, penchant for imported products, multiple taxation, underutilization of capacity and regulatory constraints. Yet in Africa, it holds the ace as industrial giant among its peers in Africa.…

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Yemisi Izuora The Securities and Exchange Commission (SEC) has called for a concerted efforts to fully eliminate Ponzi schemes, noting that their negative impact could erode investor confidence, financial stability, and the Nigerian capital market growth. In a paper titled “Ponzi Schemes: Avoiding the Pitfalls of Illegality” presented by Head of the Enforcement Department of the SEC, Dr. Sa’ad Abdulsalam at the Capital Market Enlightenment Programme organized for the Capital Market Correspondents Association of Nigeria (CAMCAN), the danger of the scheme was significantly highlighted. Abdulsalam noted that the proliferation of fraudulent investment schemes continues to erode public trust in formal…

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Yemisi Izuora The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri,  has said that the Nigerian Oil and Gas Opportunities Fair (NOGOF) has created superlative and unmatched opportunities for operating oil and gas companies in Nigeria. The Minister while delivering his keynote address at the 2025 Fair in Yenagoa, Bayelsa State, stated that the event is more than just a trade fair, describing it as a national platform designed to foster catalytic and measurable progress. “The opportunities being showcased here are not theoretical—they are real, verifiable, and actionable. “We are unveiling multi-billion-dollar investment opportunities across the upstream, midstream, and…

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Yemisi Izuora Governor of Bayelsa State, Senator Douye Diri, is asking for review the Petroleum Industry Act  (PIA), to provide essential role for state governments in oil producing areas to oversee development projects in host communities.  Diri, made the call on Wednesday at this year’s edition of the Nigerian Oil and Gas Opportunities Fair, (NOGOF), in Yenagoa, the state capital. Represented by his deputy, Senator Lawrence Ewhrudjakpo, the Governor, noted that while the extant PIA empowers oil and gas bearing communities to directly receive oil proceeds accruing to them without recourse to state governments, hostilities emanating from the management of…

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