Yemisi Izuora Exxon Mobil Corp, has said it will retain investment operations in deep-water assets in Nigeria. However, it said efforts will continue to pressure the federal government to get approval to allow the stalled sale of its shallow water oil production operations. The largest U.S. oil company will keep its deep-water assets in Nigeria despite a change in the government’s leadership, Exxon Global Upstream President Liam Mallon said ahead of the CERAweek energy conference by S&PGlobal in Houston starting Monday. Nigeria last year lost its position as Africa’s top oil producer as major producers like Shell PLC and…
Author: orientalnewsng
Yemisi Izuora Managing Director and Chief Executive Officer of Sovereign Trust Insurance Plc, Mr. Olaotan Soyinka has said that the Underwriting Firm is an equal gender organization that gives vent to the aspiration and ambition of members of staff irrespective of the gender, tribe, or religious affiliation. He made the comment as the world gets set to celebrate the International Women’s Day on March 8, 2023. Soyinka, in a statement by Sugun Bankole, DGM, Corporate Communications /Inventor Relations, stated that premium is placed on meritocracy and good professional conduct from all and sundry in the organization. “In his…
Yemisi Izuora Nigerians have been advised to adopt insurance-backed savings plans as such initiative would sustain them in unforeseen and even current prevailing global socio-economic volatilities, uncertainties, complexities, and ambiguities (VUCA). Executive Head, Marketing and Customer Experience at Old Mutual Limited, OML, Alero Ladipo, who gave the advise illustrated that the capacity of an individual’s financial planning and security loses its fidelity in the face of continued market volatility, eroding the confidence with which they can predict the future. Ladipo, stated that the reality is further complicated by the complexity of global exigencies, making it harder for experts to analyse…
Yemisi Izuora The Central Bank of Nigeria (CBN), released the sum of N1.079 trillion, under its Anchor Borrowers’ Programme, ABP, as at the end of February 2023. The Bank, also restated its commitment to the developmental mandate of stimulating access to finance for the real sector. According to the CBN, total repayments as of the end of February 2023 under the ABP, stood at N0.503 trillion, representing 52.39 per cent, while the balance of N0.119 trillion was not due for repayment. The Acting Director, Corporate Communications Department, Dr. AbdulMumin Isa, while reviewing the performance of the programme in Abuja at…
Joseph Bakare Inadequate investment in modern technology to drive data collation has been identified as a major factor affecting initiatives to promote transparency and accountability in the country’s downstream oil industry. To facilitate transparency therefore, the Marketers Association of Nigeria, (MOMAN), has called for the automation of the industry. Executive Secretary of MOMAN, Mr Clement Isong, while speaking at a virtual workshop on world international data day in Lagos emphasised the importance of data and automation in the downstream business. He said that automation will ensure transparency and boost excellent customer service, eliminate fraud, and corruption and clean up the…
Yemisi Izuora The Centre for the Promotion of Private Enterprise [CPPE], has commended the ruling of the Supreme Court on the use of the old currency naira notes as legal tender. Director, of the Centre, Dr. Muda Yusuf, while reacting to the ruling, expressed the hope that President Muhammadu Buhari, the central Bank Governor and the Attorney General of the federation would comply with this court order in the interest of the rule of law, good order and public interest. “We welcome the supreme court ruling as it protects the citizens from a policy which is, by all accounts, disruptive,…
Yemisi Izuora The Nigerian Council of Registered Insurance Brokers, NCRIB, has congratulated Asiwaju Bola Ahmed Tinubu on his victory at the presidential polls. Asiwaju Tinubu was announced as Nigeria’s President elect by the National Electoral Commission after the conclusion of results of the Presidential elections. The NCRIB in a statement by its President and Chairman of Governing Board, Mr. Rotimi Edu, also felicitated the nation for surmounting another hurdle in her democratic experience. While expressing the confidence of the Council in the capability and robust pedigree of the President-Elect to steer the ship of the nation to a safe mooring,…
Yemisi Izuora The National Youth Service Corp, NYSC, has denied that the Corps Member who was molested in Enugu did not attempt to manipulate election results as erroneously alleged by angry voters. Eddy Megwa, Director, Press and Public Relation, of the Agency while putting the records straight, said, Management attention has been drawn to the misleading information trending online insinuating otherwise. According to the story, a female Corps Member was alleged to have manipulated election results in one of the polling units in Abakpa Ward in Enugu East Local Government Area of Enugu State to favour one of the presidential…
His Speech Below: We have got reports of friction in some parts of Lagos this morning. All is calm now. There is no need for violence, which is not part of our culture. I urge all Lagosians to go about their businesses without any fear of harassment. Law enforcement agencies have been asked to ensure that there is no breakdown of law and order in any part of the state. I have been your Governor for almost four years, promoting harmony and friendship across ethnic and religious lines without any form of discrimination whatsoever. …
Joseph Bakare The National Youth Service Corps, NYSC, has dismissed a story that a Member of the Service was killed for allegedly involving in electrical malpractice. In a statement, the NYSC, said “Indeed, a Corps Member deployed to LEA primary school, Lugbe as INEC ad-hoc staff was brutalised by angry mob on the suspicion that he was involved in the act of thumbprinting ballot papers in favour of one of the presidential aspirants. “To put issues in proper perspective, the brutalisation of the Corps Member was a case of mistaken identity. This was made known after investigation by the security…
