Yemisi Izuora The Nigerian National Petroleum Company Limited (NNPCL) has reported that a chopper it hired had crashed. In a statement shared with the media, the company said, “On the 24th of October 2024, about 11:22am, we lost contact with the Helicopter – Register Number: 5NBQG, engaged by NNPC Limited, that took off from Port Harcourt NAF Base en route the FPSO – NUIMS ANTAN. “The helicopter was operated by East Winds Aviation.” The NNPCL said there were 8 persons on board (6 passengers and 2 crew members). It has also imformed appropriate authorities including the Ministry of Aviation, who…
Author: orientalnewsng
Yemisi Izuora Kogi State Governor, Ahmed Usman Ododo has sworn in newly elected chairmen and vice chairmen of the 21 local government areas in Kogi State with a charge to be dedicated in serving the people they represent. At a ceremony held at the Banquet Hall in Government House Lokoja, the elected chairmen and vice chairmen from the 21 local government areas were seated as early as 8.am and joined by the Governor as the ceremony got underway. Governor Ododo who presided over the swearing-in ceremony urged the new chairmen to sustain the tempo of development at the grassroots level…
Yemisi Izuora The Federal Government has given approval to the $1.28 billion sale of ExxonMobil Corp’s onshore assets to Seplat Energy The endorsement is coming more than two years after the deal was initially announced in February 2022. The long-delayed transaction received final ministerial approval following clearance from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) This was announced by NUPRC CEO Gbenga Komolafe during an event in Abuja on Monday. Under the agreement, Seplat Energy will acquire 40 per cent of four oil mining leases and associated infrastructure, including the Qua Iboe export terminal and 51 per cent of the…
Yemisi Izuora The Federal Government has stopped the sale of Shell’s entire onshore and shallow-water oil and gas assets in the Niger Delta. The Nigerian Upstream Petroleum Regulatory Authority (NUPRC) revealed this on Monday, 10 months after the deal was announced. In a statement during an event in Abuja, NUPRC, Chief Executive Officer, CEO Gbenga Komolafe said the Shell deal “could not scale (the) regulatory test,” without elaborating. A Shell spokesperson did not immediately respond to a request for comment, reports Reuters. Shell said in January that it had reached an agreement to sell its onshore oil and gas assets to…
AIICO Insurance Plc in continuation of its resolve to equip the media, will hold its 2024 training programme for financial journalists tomorrow. This year’s training which is the fourth in the series will be held in Lagos. The training will focus on Agric Insurance, Annuity Insurance and Environmental, Social and Governance adoption, even as the forum will attempt to intimate members of the Nigerian Association of Insurance and Pension Editors (NAIPE) on recent developments in the insurance and pension sectors as well as the financial sector. The facilitators of the training which will be drawn from the top management team…
The Transmission Company of Nigeria has assured Nigerians that efforts are ongoing to fully recover the grid system. The spokesperson of the company Ndidi Mba in a statement said the national grid experienced a partial disturbance, on Monday, 14th October, 2024 at about 6:48pm. Although the recovery of the grid commenced immediately, with Azura power station providing the blackstart, grid recovery reached advanced stages at about 10.24am, on Tuesday when it encountered a challenge that caused a slight setback in the recovery process. The slight setback notwithstanding, TCN continued with the grid recovery process, which has reached an advanced stage,…
In a demonstration of its commitment to empowering the people within the communities it operates, Zenith General Insurance has made a cash donation to the Lagoon School Library project in celebration of this year’s International Day of The Girl Child. International Day of The Girl Child is observed globally on October 11 every year. The Theme of this year’s celebration is “Girls’ Vision for the Future”. Ugonwa Ohuche, Head of the Primary Section, Lagoon School, commended Zenith Insurance for their kind gesture, describing it as laudable and impactful. “The donation made by Zenith Insurance to Lagoon School is such a…
The unnecessary demarketing of Guaranty Trust Holding Company (GTCO) Plc., has been roundly condemned. Stakeholders and financial industry experts have angrily reacted to the series of allegations against Plc.the Company A civic organization, Global Integrity Crusade Network (GICN), had on Friday, September 4, 2024, released a Private Investigative Report signed by its President, Edwin Omaga, alleging a series of “unscrupulous, unethical and criminal activities” against Guaranty Trust Bank Limited, the flagship subsidiary of the GTCO group. The report, which has been actively circulating in the social media showing the leadership of GICN in a prolonged press conference on the subject…
Yemisi Izuora Unity Bank Plc has hosted a capacity-building workshop to support the Association of Nigerian Women in Business Network (ANWBN) in a move aimed at empowering women entrepreneurs with the necessary skills required to thrive in today’s digital economy. The initiative for the workshop stems from the growing advancement in technology and its impact on business hence the theme: “Empowering Women Entrepreneurs: AI and Digital Marketing Strategies,” which sought to equip women with practical knowledge on how to harness the power and take advantage of emerging technology. As a platform that drew the participation of businesses from diverse sectors,…
Yemisi Izuora The 2024 annual conference of the Guild of Corporate Online Publishers, GOCOP, begins today, Wednesday, October 2, in Lokoja, Kogi State. Hosted by the Kogi State Government with a plethora of partners and sponsors identifying with the Guild, the two-day conference provides a veritable platform for dissecting critical issues of security, power and economy in the country. The confab will explore the theme: “Nigeria: Tackling insecurity, power deficit, and transitioning to digital economy.” Former Governor of Cross River State, Senator Liyel Imoke, will give the keynote address. The two-day event will also feature GOCOP members’ exclusive business and…