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…
Author: orientalnewsng
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…
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…
Yemisi Izuora The Nigerian Content Development and Monitoring Board (NCDMB), has said that the sale of onshore assets by the International Oil Companies (IOCs ) to indigenous companies is a bold step and strategic shift towards deeper local participation and value retention. The Board therefore urged local companies to invest heavily in the industry to take advantage of the divestment to increase their output and deepen their competitiveness. The Executive Secretary of the NCDMB, Felix Omatsola Ogbe, said already Nigeria’s local content in the oil and gas industry has reached 56 per cent, a significant rise from 5 per cent…
The Former Military Administrator of Bayelsa State, Navy Captain Omoniyi Caleb Olubolade (rtd), is dead. He celebrated his 70th birthday on November 30, 2024. Olubolade, the Ipoti-Ekiti-born retired officer, died on Sunday May 11 in Apapa, Lagos. According to a statement by his first daughter, Mrs. Oluwayemisi Akinadewo and first son, Mr. Dayo Olubolade, he left the house to play lawn tennis at a nearby facility where he slumped. “He drove himself to the facility to play lawn tennis in the evening and slumped while playing. Efforts were made by medical officers around to revive him to no avail.…
Renowned Nigerian broadcast journalist, leadership coach, author, and gender advocate Anike-Ade Funke Treasure Akintoye has achieved a remarkable milestone by receiving three prestigious honours at the 2024 Accenture Gender Mainstreaming Awards. Organised by Business Engage in partnership with global consulting firm Accenture, the awards celebrate individuals and organisations excelling in advancing gender equality, diversity, and inclusion across Africa. They highlight impactful initiatives that promote sustainable development and foster inclusive environments. At the 2024 edition, Funke Treasure was named a category finalist for the Positive Role Model Award for West Africa, recognising her inspiring leadership and commitment to empowering women and…
A wave of joy swept across St. Peter’s Square this evening as white smoke emerged from the chimney of the Sistine Chapel, announcing the election of a new pope. Cardinal Robert F. Prevost of the United States has been chosen as the 267th pontiff of the Roman Catholic Church, taking the papal name Leo XIV. Moments after the announcement, the new pope appeared on the central balcony of St. Peter’s Basilica to offer his first blessing, Urbi et Orbi, to the city of Rome and the world. Smiling but solemn, Pope Leo XIV greeted the faithful with a message of…
Yemisi Izuora LG Electronics Nigeria has brought a much-needed solar-powered borehole to the Illah community in Oshimili North Local Government Area, Delta State. The rare display of Corporate Social Responsibility (CSR) aims at ushering in a new era of clean, safe water access for hundreds of grassroot residents. This initiative, part of LG’s ongoing CSR drive, represents more than just infrastructure but a beacon of care, empathy, and a deep-rooted commitment to touching lives where it matters most. For years, the people of Illah have endured the daily hardship of sourcing water from distant or contaminated sources, risking health and…
The 2025 Inspenonline Retirement Summit is set to hold tomorrow Wednesday, May 7, 2025.at the Nigeria Employers Consultative Association – NECA House, Plot A2, Hakken Balogun Street, Central Business District, Alausa Ikeja, Lagos by 9:00am. The summit which has received endorsements by top dignitaries and support from 24 reputable organisations is expected to stimulate public interest for a good and comfortable lifestyle in retirement and expected to attract people from different segments of the economy – youths; retirees; formal and informal sector employees; dignitaries from government amongst others. The organisers said the event has received the blessings of the National…
By Prof. Lere Baale. As healthcare systems across the globe grapple with rising costs, complex patient profiles, increasing chronic disease burdens, and critical workforce shortages, the call for transformative solutions has never been louder. Amidst these challenges, the Consultant Pharmacist has emerged—not as a peripheral figure—but as a strategic leader, essential to the pursuit of clinical excellence, patient safety, and sustainable healthcare delivery. Redefining the Future of Pharmaceutical Care The Consultant Pharmacist is not merely a senior clinician; they are a systems thinker, a clinical innovator, and a policy influencer. With advanced training and multifaceted experience, they operate at the…