Author: orientalnewsng

Yemisi Izuora Given their strategic role in sustaining the country’s economic growth and development, key financial expert has called for enabling policies that will guarantee clement environment for the insurance and pension industries to thrive. The Managing Director/ Chief Executive Officer  APT Securities and Funds Limited, Mallam Kasim Garba Kurfi, while making this call said that insurance and pension sectors are the engine of growth of Nigerian economy and that the role played by the two sectors in sustaining economic growth has clearly shown that they are the vehicle that drives the nation’s economic development. Kurfi, who stated this while…

Yemisi Izuora Given their strategic role in sustaining the country’s economic growth and development, key financial expert has called for enabling policies that will guarantee clement environment for the insurance and pension industries to thrive. The Managing Director/ Chief Executive Officer  APT Securities and Funds Limited, Mallam Kasim Garba Kurfi, while making this call said that insurance and pension sectors are the engine of growth of Nigerian economy and that the role played by the two sectors in sustaining economic growth has clearly shown that they are the vehicle that drives the nation’s economic development. Kurfi, who stated this while…

Yemisi Izuora Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has commended the Nigerian Content Development and Monitoring Board (NCDMB) for its intervention in the construction of the proposed Centre for Skills Development and Training (CSDT) at Omagwa, Ikwerre Local Government Area of Rivers State. The project, initiated by the Petroleum Technology Development Fund (PTDF) to promote acquisition of skills relevant to oil and gas industry operations, has been under construction since 2011. It received a much-needed boost with the entry of the NCDMB as co-financier after due negotiations with the PTDF. Disciplines earmarked for the CSDT by…

Yemisi Izuora Polaris Bank has given out Five Hundred Thousand Naira, N500,000, to it’s loyal customers who participated in her ongoing Polaris ‘Save & Win’ promo. Fifty persons emerged winners during the exercise and each winning a cash price of N10,000. The development is in line with the Bank’s commitment to rewarding its loyal customers across the nation. The Bank, said winners emerged through a draw exercise which was witnessed by relevant Agencies of government; Federal Competition & Consumer Protection Commission (FCCPC), National Lottery Commission (NLRC) and Advertising Regulatory Council of Nigeria (ARCON) who confirmed that the 50 lucky winners…

Yemisi Izuora The Nigerian Communications Commission has expressed confidence and hope that Nigeria will achieve 50 per cent broadband penetration threshold by the end of 2023. This is coming as the telecommunications sector’s contribution to the nation’s Gross Domestic Product (GDP) has increased significantly to 16 per cent in the second quarter of 2023, according to the NCC which cited computation by the Nigeria Bureau of Statistics (NBS). The Executive Vice Chairman of NCC, Prof. Umar Danbatta, stated this in a keynote address delivered at the annual Telecom Executives and Regulators Forum (TERF) hosted by the Association of Telecom Companies of…

Yemisi Izuora The 2023 edition of the annual conference of Nigerian Association of Insurance and Pension Editors (NAIPE), has registered significant support from key insurance industry players, and regulatory agencies. Key players such as African Reinsurance Corporation (Africa Re), Stanbic IBTC Pensions, Sanlam Nigeria as well as NEM Insurance have emerged gold sponsors of the event. Other gold sponsors are Royal Exchange General Insurance, African Alliance Insurance Plc, Anchor Insurance, as well as Linkage Assurance. The 2023 NAIPE Conference is supported by many other companies and Associations in the insurance and pension sectors. They are Capital Express Assurance Limited, Consolidated…

Yemisi Izuora Italian Eni has signed a deal to offload its Nigerian exploration and production subsidiary to Oando energy. The financial specifics of the transaction remain undisclosed. The subsidiary in question, Nigerian Agip Oil Company (NAOC), is a key player in the Nigerian energy landscape, focusing primarily on onshore oil and gas operations and power generation. NAOC holds interests in four onshore blocks, two onshore exploration leases, and manages two power plants within Nigeria. It’s noteworthy that Eni will hold on to its 5 per cent stake in the Shell Production Development Company, a joint venture with Shell. Eni has…

Dr. Ifekandu Bennett Omalu is a native Of Urunnebo Village, Enugwu Ukwu In Njikoka Local Government Area Of Anambra State. Born on September 1st, 1968. He attended both primary and secondary schools in Nigeria. And for his tertiary education he proceeded to the University of Nigeria Nsukka, where he acquired MBBS degree in Medicine and Surgery. He is currently a Professor of medical pathology and laboratory science at the University of California. Subsequently he acquired his MPH from the University of Pittsburgh and his MBA from Carnegie Mellon University. He is the first person in the world to discover and…

…To Launch Unified Master Plan In October Yemisi Izuora The National Insurance Commission, NAICOM, is considering applying sanctions against underwriting firms that violates provisions of the reviewed Third party Insurance. The regulator said it is taking note of Insurance companies who are violating the new rates and will carry out necessary actions when due. The Commissioner For Insurance Mr Sunday Thomas, in his opening remarks at the retreat for Insurance Journalists with theme: “Improving Stakeholders Perception 2023 and Beyond” in Uyo Awka Ibom state, however notes that underwriters have been making positive commendations on the impact of the new…

Yemisi Izuora Trucking and sale of crude oil to ERPC’s Edo refinery, is experiencing delays as a result of bottlenecks associated with getting regulatory approval. Decklar Resources and its co-venturer Millennium which provided updates regarding crude oil delivery operations at the Oza Oil Field in Nigeria said it has experienced some delays obtaining permits to truck crude to the ERPC and DMCL refineries. The company however anticipates that with new systems recently implemented by the government regulatory agencies future permits will be obtained and issued in a more timely and efficient manner. It further expressed confidence of in crude transportation…