The Independent National Electoral Commission (INEC) has offered accreditation to media outlets that met with deadline for submission of required information for monitoring of the Edo State Governorship elections. The Commission said that after verification, 114 newspaper, radio, television and online media organisations successfully uploaded the details of 721 personnel to cover the election as reporters, cameramen, engineers for live broadcast and support staff. The full list, including the number of personnel to be deployed, has been uploaded on the Commission’s website and social media platforms for public information. The Commission further reassured all accredited media organisations, observers and political…
Author: orientalnewsng
Yemisi Izuora Nigeria would be saving a record record foreign exchange of about $500 million annually with adoption of a research work supported by the Nigerian Liquifed Natural Gas Limited (NLNG). In a significant announcement that could reshape Nigeria’s energy future, the Advisory Board of The Nigeria Prize for Science recognised the pioneering work “Process Intensification Technology for Greenhouse Emission Control in Power Generation and Industry for Sustainable Fuel Production (PIC-FUEL)” by Eni Oko, Olajide Otitoju, and Meihong Wang. The trio was recognised for their pioneering work on PIC-FUEL which was announced on Monday in Lagos as the winners of the…
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, today, debunked reports doing the rounds that the rate for Value-Added Tax (VAT) has been upwardly adjusted to 10% from 7.5%. The Minister, in a statement signed by him, affirmed that the VAT rate as contained in relevant tax laws and chargeable on goods and services remains 7.5%. “The current VAT rate is 7.5% and this is what the government is charging on a spectrum of goods and services to which the tax is applicable. Therefore, neither the Federal Government nor any of its agencies will act…
Yemisi Izuora The Guaranty Trust Bank Ltd, flagship subsidiary of Guaranty Trust Holding Company Plc (GTCO), one of the largest financial services institutions in Africa, has been named Best Bank in Corporate Social Responsibility in Nigeria at the prestigious Euromoney Awards for Excellence 2024. This recognition underscores GTCO’s unwavering commitment to excellence, going beyond offering innovative financial services and creating more value for its stakeholders to enriching lives and constantly exploring new opportunities to drive positive change in society. Announcing the Award, Euromoney highlighted the range and impact of GTCO’s CSR initiatives spanning education, health, community development, and financial inclusion.…
By Admin The Deputy Speaker of the House of Representatives, Hon Benjamin Kalu, has been fair to say his party, the All Progressives Congress (APC), would win Abia state come 2027. Even when he was assumed to be right, countless voices attacked him, especially online. But a short while later, the 2023 gubernatorial candidate of the Labour Party (LP) in Lagos, Gbadebo Rhodes-Vivour, made a similar statement concerning Lagos state. Rhodes-Vivour boasted that his party will not only win the presidential election in 2027, but also take over Lagos from the APC. Now the voices that attacked and condemned the…
Yemisi Izuora Africa Oil Corp. has announced the completion of Africa Oil SA Corp.’s (AOSAC) strategic farm down agreement with TotalEnergies EP South Africa S.A.S. and QatarEnergy International E&P LLC. for the Orange Basin Block 3B/4B, offshore South Africa, announced on March 6, 2024. The AOSAC is a wholly-owned subsidiary of Africa Oil and retains a direct 17.00 per cent interest in Block 3B/4B and transferred the operatorship of the block to TotalEnergies. Africa Oil under the transaction retains a maximum value of up to $46.8 million to Africa Oil and will receive, subject to achieving certain milestones defined in…
L-r: Idowu Baderin, second daughter of the deceased ; Jide Fasanmi, former General Manager, Marketing, Anchor Insurance Company Ltd; Oluwatosin Akinjise, first daughter of the deceased; Femi Bamishe, first son; Bisi Bamishe, daughter-inlaw, and her husband, Pastor Ebenezer Bamishe during the Christian wake service of Deaconess Janet Bolaji Taye Bamishe conducted by The Apostolic Church Nigeria at Abesan Estate, Ipaja, Lagos children, grandchildren and daughters in law after thanksgiving. L-R: Pastor Tunde Ojo, Pastor (Mrs) Bisi Bamishe, Pastor Ebenezer Bamishe, first born Olufemi Bamishe and General Gbolahan Oyefeso at the thanksgiving service held in honour of late Deaconess Janet…
Yemisi Izuora Nigeria’s leading energy solutions provider, Oando had announced the successful completion of the acquisition of 100 per cent of the shareholding interest in the Nigerian Agip Oil Company (NAOC) from the Italian energy company, Eni, for a total consideration of US$783 million comprised of consideration for the asset and reimbursement. This acquisition is a significant milestone in Oando’s long-term strategy to expand its upstream operations and strengthen its position in the Nigerian oil and gas sector. The Transaction increases Oando’s current participating interests in OMLs 60, 61, 62, and 63 from 20 per cent to 40 per cent. It…
…Denies Political Embellishments Yemisi Izuora The Nigerian National Petroleum Company Limited (NNPCL) has denied considering President Bola Tinubu’s personal interest when it entered into acquisition deal with OVH Limited. The denial was in response to a press release signed by Mr. Paul Ibe, a Media Adviser to the former Vice President, Alhaji Atiku Abubakar. In the statement, the former Vice President was quoted to have lamented “the criminal hijack of the NNPC by corporate cabals around the current President”. He was also quoted to have listed the retention of Mr. Mele Kyari as the Group Chief Executive Officer of NNPC…
Yemisi Izuora The Nigerian National Petroleum Company Limited (NNPC) has said it is still active in oil exploration exploration activities in the Northern part of the country as expanded exploration is considered strategic to boost reserve amd production. The Company further reiterated its commitment to achieving the Federal Government’s aspirations in the frontier basins. “The company has been actively drilling in basins in and around Northern Nigeria, as a result of the need to increase oil exploration in the country’s frontier basins”. The Chief Corporate Communications Officer, NNPC Ltd, Olufemi Soneye, who shared the update said that “this is a…