All Progressives Congress (APC) aspirant for the primary elections for Federal House of Representatives, Epe, Lagos State Dr. Bakare Isiaka Adeyinka has written a petition and faulted the process of the election, which he described as fraudulent. Adeyinka in the petition written by his counsel Yemi Omodele was submitted to the Chairman, All Progressives Congress (APC) primary election appeal committee arguing that there were irregularities and manipulation of results. The lawyer in the petition dated May 18, 2026, titled, ‘A Letter of Protest and Request for Justice’, emphasized that his client was thrown into dark about the election and…
Author: orientalnewsng
Ummie Kabir As we bask in the euphoria of successful banking sector recapitalisation exercise, it has become more pertinent to re-evaluate the primary roles of banks vis-a-vis what they have been able to deliver to the Nigerian economy over the years. Primarily, banks act as financial intermediaries that mobilise savings, allocate capital to productive sectors and foster entrepreneurship through credit creation and trade promotion. By managing risks and providing liquidity, they drive economic growth and stablise financial system. How far has the banks been able to deliver or discharge the above responsibilities leaves much to be desired. Notwithstanding the evolution…
Minister of Marine and Blue Economy Gboyega Oyetola is set to declare open the Port Management Association of West and Central Africa (PMAWCA) Board of Directors meeting in Lagos. The three‑day summit, scheduled for 18–20 May 2026 under the host of the Nigerian Ports Authority, will gather senior port managers and maritime leaders from across West and Central Africa to discuss the evolution of ports and regional maritime growth. Held under the theme “Ports of the Future: Combining Logistical Resilience with Inclusive Community Development,” the discussions will centre on upgrading port infrastructure, improving supply‑chain resilience, strengthening regional cooperation, and ensuring…
L-r: Idowu Semowo, Executive Director, Finance and Investment, NEM Insurance Plc; Ifunanya Iwuagwu, Company Secretary/Legal Adviser; Andrew Ikekhua, Managing Director/CEO, NEM Insurance Plc; Tope Smart, Group Chairman; Daphne Dafinone, Director, and Kelechi Okoro, Non-Executive Director, during the 56th annual general meeting of NEM Insurance Plc held in Lagos on Thursday 14-5-2026 Shareholders of NEM Insurance Plc have commended the company’s board and management following the recommendation of a N7.52 billion dividend payout for the 2025 financial year amid strong growth across key financial indicators. The commendation came at the company’s 56th Annual General Meeting in Lagos where the Group Chairman,…
Uche Cecil Izuora Indonesia has commenced receiving crude oil shipments from Nigeria as part of efforts to diversify its import sources and reduce reliance on West Asian supplies amid growing concerns over a global supply crisis. The supply from Nigeria is already underway and shipments are arriving, saiEnIndonesia’s Energy and Mineral Resources Ministry Oil and Gas Director General Laode Sulaeman. According to Antara news agency on Wednesday, he said Russia, the United States and Nigeria were currently among Indonesia’s main alternative crude oil sources due to their large supply volumes. He also assured that Indonesia’s domestic energy reserves, including…
Yemisi Izuora The Executive Director, Sahara Group and Group MD of Sahara Power Group, Kola Adesina, has joined top Christian leaders to discuss family values and how successful marriage can help unlock potentials of family members to support societal development. He sahred his views as the Foursquare Gospel Church converged experts at a forum where the church emphasised the need for intentional preparation for marriage and excellence in the marketplace. The discourse took place at the fifth edition of the church’s interdenominational programme, codenamed ‘Switch 5.0’, with the theme, “Graced Pacesetter”. The programme, which attracted participants from different denominations…
Uche Cecil Izuora Nigeria’s maritime sector recorded strong operational growth in the first quarter of 2026, with Gross Registered Tonnage (GRT) for ocean-going vessels rising by 19.5 per cent to 46.75 million, underscoring the increasing dominance of larger-capacity ships across the nation’s ports amid ongoing reforms targeted at positioning the country as a regional trade hub under the African Continental Free Trade Area (AfCFTA). According to the Q1 2026 Operational Performance Review released by the Nigerian Ports Authority (NPA), the rise in vessel tonnage signals improved cargo-carrying efficiency and growing confidence among international shipping lines in Nigerian…
Yemisi Izuora emPLE, one of Nigeria’s rapidly growing insurance companies, has announced total claims payouts of over N7 billion in 2025. The huge claims payment reaffirms the underwriters commitment to empowering individuals, families, and businesses with the financial support needed to rebuild after losses caused by life and business uncertainties. With the business recovery trajectory, emPLE has further demonstrated resilience and operational strength, serving hundreds of policyholders across its Life and General Insurance Businesses in the face of evolving industry dynamics and regulatory expectations under the New Insurance Industry Reform Act (NIIRA 2025), . This milestone reflects the company’s growing…
By Sola Adebawo When a pipeline crosses a river, it is often described as an engineering milestone. In Nigeria, the completion of the River Niger crossing of the OB3 gas pipeline (executed roughly two kilometres beneath the riverbed using horizontal directional drilling) is certainly that. But it is also something more. It is a signal of what Africa’s energy future could look like, if infrastructure moves from isolated projects to integrated systems. From resource wealth to system weakness Africa is not short of energy. It is short of integration. The continent holds roughly 7% of global natural gas reserves,…
Yemisi Izuora Seplat Energy Plc, has announced its unaudited results for the for the three months ended 31 March 2026, declaring US 9.0 Cents total dividend per share for the period, which is 96 per cent higher than 1Q 2025 payout. The company grew its profit after tax (PAT) to $37.9m from $23.3m Year-on-Year with cash generated hitting $243.4m. Group production for the period averaged 129,841 barrels of oil equivalent per day (boepd) up 9 per cent since 4Q 2025 (119,200 boepd). Crude and condensate liftings benefitted from the company’s put-option hedge strategy that exposed it to a 100 per cent of price upside,…