Joyce Onwuka The Tincan Island Container Terminal, Apapa, has completed a significant infrastructure upgrade at Randle Secondary School in Apapa, Lagos. The exercise is in fulfillment of its commitment to solidarity and boosting educational standards in Nigeria which also aims to create a more engaging and impactful learning environment for students and staff of the school. Under the project, the TICT, renovated of 14 washrooms for staff and students, as well as the modernization of the information and communication technology (ICT) room with the addition of 10 high-tech computers, 2 UPSs, 1 printer, and other essential equipment. These improvements will…
Author: orientalnewsng
…OML 13 Asset Eyes 80,000 bpd By End Of 2025 The Nigerian National Petroleum Company Limited (NNPCL), has officially unveiled its latest crude oil grade, the Utapate crude oil blend, before the international crude oil market. This is expected to boost Nigeria’s crude oil production, revenue generation and economic growth. It would be recalled that in July, 2024, NNPC Ltd and its partner, the Sterling Oil Exploration & Energy Production Company (SEEPCO) Ltd introduced the Utapate crude oil blend, following the lifting of first cargo of 950,000 barrels which headed for Spain. During a ceremony held at the Argus European…
Yemisi Izuora The Federal Government said the oil and gas industry will witness unprecedented growth with a multi billion dollar deepwater exploration in 2025. This is as Government has unlocked over $1 billion in investments across the value chain in the last one year. Speaking on the theme “Future of Energy: Shaping the Workforce of Tomorrow” during the African Energy Week, in South Africa, Olu Arowolo Verheijen, Special Adviser on Energy to President Bola Tinubu, said that by the middle of 2025, Nigeria is expecting to see FID on two more projects, including a multibillion billion-dollar deepwater exploration project,…
Yemisi Izuora The Kano Electricity Distribution Company (KEDCO), gas embarked on a partnership and initial investment of around $100 million to develop a 100MW “Safe Grid” Infrastructure. The facility will protect customers in Kano, Katsina, and Jigawa States, where it intend to provide 24-hour power supply to key industries, commercial hubs, and critical government infrastructure, eliminating reliance on the national grid, Sani Baba Sani, Corporate Communications Manager of the DisCo said in a statement. Due to the lingering effects of the challenges the Transmission Company of Nigeria (TCN) is currently facing in supplying energy to our franchise area, KEDCO is…
Yemisi Izuora A divine intervention has been sought to take out the evil machinations against Africa’s first key private refinery facility that has propelled Nigeria’s refining capacity. The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, who saw this coming has urged Nigerians to pray for divine intervention in the face of efforts by unscrupulous oil marketers to thwart the operations of the Dangote Petroleum Refinery, following the previous sabotage of Nigeria’s four state-owned refineries. The respected clergyman made the call for nationwide prayers during the November 2024 Abuja Special Holy Ghost Service themed ‘Total…
Yemisi Izuora The Nigerian National Petroleum Company Ltd (NNPCL) has confirmed clearimg its outstanding $4.68 billion cash call debt to the five international oil companies operating in Nigeria. The Conpany said iit’s no longer owing any dues, a milestone achieved following the total removal of subsidy on Premium Motor Spirit(petrol). The Group Chief Executive Officer, of the Company Mele Kyari, made this known while speaking on Monday at the 42nd NAPE Annual International Conference & Exhibition in Lagos. The cash calls in Nigeria’s oil sector are funding requests by NNPCL and its joint venture partners—including companies like Mobil, Chevron, Shell, TotalEnergies, and…
The Lagos Chamber of Commerce and Industry (LCCI) has acknowledged the transformative strides taking place at the Federal Inland Revenue Service (FIRS), saying that the Revenue Agency has moved from being a tax collector to a service provider. It also suggested five ways the Agency can create a unified tax system that will reduce redundancies and simplify tax compliance in Nigeria. Speaking during that FIRS Special Day at the ongoing Lagos International Trade Fair (LITF), themed “Connecting Businesses, Creating Value”, LCCI President, Mr Gabriel Idahosa, recommended five ways the Tax Agency can do this. According to him, “Targeted outreach, especially…
Yemisi lzuora Nigeria’s key financial institution FBN Holdings (FBNH) Plc, has expressed confidence that its N150 billion rights issue capital raise would be successfully concluded by first quarter of next year. Giving update on the exercise the Group Managing Director, of the prominent institution, Nnamdi Okonkwo, said every necessary steps have been taken to ensure a fruitful outcome. Okonkwo, stated this during the ‘Facts Behind the Rights Issue’ presentation at the Nigerian Exchange in Lagos. This strategic move signifies FBN Holding’s commitment to fortifying its financial position and capital base, which will in turn enhance its capacity to support various…
Moses Ofodeme In collaboration with Roam Media Concept, the Nigeria Customs Service (NCS) held a one-day training workshop for maritime journalists at the Apapa Area Command on Friday, 1 November 2024. The workshop, themed “Commercial Terms and Phrases in the Nigerian Maritime Industry,” aimed to update journalists on the latest industry terminology and best practices. Declaring the workshop open, the Comptroller General of Customs (CGC), Adewale Adeniyi, represented by Comptroller Dera Nnadi, in charge of Tincan Island Area Command, emphasised the critical role of maritime journalists in educating the public and setting industry standards. He stated, “The language of our…
Dangote Industries Limited (DIL) has restated its commitment to driving the diversification of Nigeria’s economy for growth and job prospects through strategic investments. This is just as the Lagos Chamber of Commerce and Industries (LCCI) described the Company as the pillar and strength of the nation’s economy with its many investments. Dangote said while it produces critical household items, some of its other products serve as either feedstock or raw materials for other manufacturers as a sure way of galvanizing the nation’s economic independent through industrialization. The Company’s position came from the Group Executive Director, Commercial Operations, Dangote Industries Limited…