Ken Okeke The headquarters of Ikeja Electric was early Thursday morning invaded by personnel of Nigerian Air Force leading to violent assault of workers. The invaders also destroyed equipments and took some personnel of the firm hostage. The Air Force officers who came from the Ikeja Air Force base demanded to see the Chief Executive Officer of the Electricity Distribution Company (DisCo) but while the search for the CEO continued others went on rampage destroying key assets and beating staff members they could see. Addressing the media shortly after the mayhem, Kingsley Okotie, the head of corporate communications in Kejia…
Author: orientalnewsng
BusinessToday Communication Limited the organisers of BusinessToday Annual conference and Exhibition has released the confirmed list of panelists for this year’s event. The event, will take place on the 3rd of April at the Ballroom of Oriental Hotel, Lekki, Lagos, by 10:00am with the theme: “Banking on The Future: Youths, Pension & Insurance Penetration” The conference, which is in its 9th edition , will have a group of highly experienced professionals from top businesses and digital marketing communications organizations who are bringing their unique insights and real-world expertise to the event. Members of the panel session for this year’s conference…
Prior to Nigeria’s Independence in 1960, agriculture was the mainstay of its economy, even as reflected in the economic activities of the regions there were in the country at that time. Famous stories of the First Republic chronicled how the defunct regions were reliant on revenues from the groundnut pyramids in the North, the cocoa export receipts from the defunct West and the rubber as well as palm oil proceeds from the East. With the discovery of crude oil in commercial quantities, beginning from Oloibiri in the present-day Bayelsa State in 1956, agriculture, over time, became supplanted by black gold…
The Nigerian Capital Development Fund (NCDF) has finalised plans to launch the Future Nigeria Development Initiative (FNDI), a transformative program designed to drive impact investing, human capacity development, and technical assistance across Nigeria. This initiative aligns with Nigeria’s national development goals and the Renewed Hope Agenda of President Ahmed Bola Tinubu, focusing on job creation, economic inclusion, and sustainable infrastructure development. The Executive Chairman, NCDF, Hareter Oralusi said the organization is interested in investing in projects that will create social impact, especially job creation with start-up businesses, renewable energy and capacity building for local governments. With discussions ongoing with Edo…
Yemisi Izuora The Guaranty Trust Holding Company Plc (GTCO), has expanded its intervention aimed at boosting domestic gas utilisation in the country. The Holding Company in a move to provide leadership in that space has launched its “Waste for Gas” project to improve quality of life for households and empower women in underserved communities. This transformative initiative aims to distribute 3,000 3kg gas cylinders with burners to low-income households in Obafemi Owode Local Government, Mowe, Ogun State. The Waste for Gas project underscores GTCO’s unwavering commitment to improving outcomes for people and communities. By providing households with gas-powered cooking, the…
Yemisi Izuora The Nigerian Gas Association (NGA) has been appointed an Association Partner for the World Gas Conference (WGC) 2025. Under the arrangement the Association will host a dedicated Nigerian Pavilion showcasing to a global audience Nigeria’s gas story and the abundance of opportunities within the industry. The conference, which is the most significant global gathering of gas and energy professionals, will take place from May 19 to 23, 2025, at the China National Convention Centre in Beijing, with over 30,000 participants from 70 countries, 600 companies, and 400 expert speakers expected to attend, the event offers an unparalleled platform…
Yemisi Izuora Shell has identified key enablers for boosting local content in the oil and gas industry, saying strategic partnerships, capacity building and adherence to regulations would help Nigeria to derive more value from the participation of local business in such operations. The remark was made by the General Manager, Nigeria Content Development of The Shell Petroleum Development Company of Nigeria Limited (SPDC) Olanrewaju Olawuyi, at a panel session on “on “Local Content Private Sector” at the ongoing Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos. Drawing lessons from the experience of Shell Companies in Nigeria, Olawuyi said…
Yemisi Izuora The Nigerian Content Development and Monitoring Board (NCDMB) and Starzs Gas Limited have expressed confidence about growth prospects of Nigeria’s gas subsector and the potential boost to industrialisation as the groundbreaking ceremony for a Compressed Natural Gas (CNG) Mother Station got underway in Iwhreken, Ughelli South, Delta State, on Thursday. Speaking at the event, the Executive Secretary of the NCDMB, Engr. Felix Omatsola Ogbe, represented by the General Manager, Corporate Communications and Zonal Coordination, Barr. Esueme Dan Kikile, commended Starzs Investments Company Limited, parent company of Starzs Gas, for pushing industry boundaries with its expansion into the gas…
Yemisi Izuora The Nigerian National Petroleum Company (NNPC) Ltd has dismissed as false and misleading allegations made in a viral video circulating online, which claims that NNPC fuel does not last. This assertion is baseless and entirely unfounded, originating from unverified and amateur research that lacks credibility, accuracy, and professional oversight, NNPCL said. The Company reaffirms that its fuel is carefully formulated with one of the best compositions, ensuring optimal efficiency, durability, and environmental sustainability for consumers. “Furthermore, it is important to emphasize that a significant percentage of Premium Motor Spirit (PMS) sold at NNPC retail stations in Lagos—where this…