Operators in the petroleum sector, have called for more regional collaboration across Africa, right policies and implementation, in a bid to strengthen the energy sector. Speaking at the on-going 10th Anniversary edition of the Sub-Saharan African International Petroleum Exhibition and Conference (SAIPEC 2026), in Lagos, theme, “Africa’s Local Content Collaboration Strategy.” Speaking in a panel session, Chairman, Oilserv Group, Engr. Emeka Okwuosa, said, “On the government side, to talk about regional collaboration, we need free movement. I understand that the Chairman will be visiting the AU meeting. I think one of the points that should be raised with the leaders…
Author: orientalnewsng
Yemisi Izuora Universal Insurance Plc, one of Nigeria’s leading insurance companies, has earned a rare recognition for excellent youth support initiative. The insurance firm distinguished itself in Corporate Social Responsibility (CSR) efforts to emerge as the Best Insurance Company in Support of Drug and Substance Abuse Prevention Programmes in Nigeria. In line with its vision of remaining a world-class safety net provider for Nigerian citizens, Universal Insurance Plc has consistently embraced initiatives that promote crime prevention and youth development. The Company has championed nationwide awareness campaigns against drug and substance abuse among youths, recognising the critical link between substance abuse,…
Yemisi Izuora Civil society groups on Monday converged in Lagos to press on the harmonization committee to adopt the House of Reps position on mandatory electronic transmission of results, downloadable voter card and retention of electoral timelines The meeting called at the instance of the Centre for Media and Society (CEMESO), the Nigerian Women Trust Fund, TAF Africa Yiaga Africa, and the International Press Centre (IPC) also urged the Independent National Electoral Commission, (INEC) to issue the notice of elections in line with Electoral Act 2022. The conveners of the meeting, said the current push is in furtherance of their…
Governor Ademola Adeleke has promised to dualise the road from Ikire junction to Apomu and Ikoyi.He made the promise when he graced the occasion of Apomu Day celebrations held at ADC Grammar School, Apomu. He said the road project will improve economic growth. The governor said his administration is committed to inclusive development across the state.He also emphasised that rural and semi urban remain central in his government’s development agenda. Senator Lere Oyewumi, Deputy Minority Leader at the Senate,representing Osun West Senatorial District, in his speech said governance is about development.He promised to support the development of Apomu as…
Yemisi Izuora The Nigerian Ports Authority (NPA) has taken fresh initiatives to achieve operational efficiency at sea ports in the country. To achieve this, the Authority has entered into collaboration with the Presidential Enabling Business Environment Council (PEBEC), the Ports and Customs Efficiency Committee (PCEC) under the Business Environment Enhancement Programme Accelerator (BEEPA). The collaboration deal was actualised during a three-day high-level stakeholder engagement in Lagos. Titled “Achieving a 7-Day Cargo Dwell Time,” to streamline port processes to bolster the ease of doing business. The event hosted by the NPA was held at the Lagos Port Complex (LPC) Apapa…
As part of activities marking the 50th birthday celebration of the Chairman of Maton Engineering Nigeria Limited, Mr. Mathew Tonlagha, a bus has been donated to Ugborikoko Secondary School in Delta state. The donation was made by the Esther Matthew Tonlagha Foundation at the school premises, weekend. Speaking at the event, Dr. Esther Matthew Tonlagha, founder of EMTF, explained that education remains a powerful tool for shaping the future, adding that investing in young people is the surest way to build strong communities. According to her, “this donation is in honour of the 50th birthday of my husband, Mr.…
……Focusing on Youth Engagement in Insurance and Pension Sectors Stakeholders will converge at the 2026 BusinessToday Annual Conference and Exhibition billed for 2nd of April, 2026 to discuss on ‘Youth Advantage: Redefining Insurance and Pensions for a New Era. The event scheduled to hold at Oriental Hotel, Lekki, Lagos comes up at a ripe time the industry is undergoing recapitalisation which could lead to refreshing the human capital in both sectors. In a statement, the Convener, Mrs. Nkechi Naeche-Esezobor, added that, the event will also feature a youth dialogue session with both sectors to discuss ‘Insurance Reforms Made Simple.’ Also…
Yemisi Izuora The Eko Electricity Distribution PLC (EKEDP) has announced a significant leadership transition as Transgrid Enerco takes over the board of EKEDP. The previous board by the previous majority shareholder, West Power and Gas Limited (WPG) led by Chairman Dere Otubu resigned today and gave way to the new board headed by Engr. (Dr.) Olubunmi Peters as Chairman, Prof. George Nwangwu, Faruk Aliyu, Kolapo Joseph and Rasheed Olaoluwa, while Ayo Gbeleyi remains as the Director representing the BPE on the board. In similar vein, Rekhiat Momoh steps down from her position as Chief Executive Officer. The new Board…
Yemisi Izuora Oil major TotalEnergies has signed an agreement to sell its 10 per cent non-operated stake in the Nigerian onshore oil asset in Renaissance Joint Venture (JV). The choice of Vaaris,is as a result of failed sale move last year to Mauritius-based Chappal Energies. The deal includes stakes in three other licences producing mainly gas for Nigeria LNG, in which Total will retain full economic interest. Company registrations show Vaaris Resources JV CO Limited was incorporated in Nigeria on December 22, 2025. Total offered no further information on the new buyer, according to Reuters. Last year, the Nigerian Upstream Petroleum Regulatory…
Yemisi Izuora The Chairman of Dangote Industries Limited (DIL), Aliko Dangote, through his legal representative, has filed a formal corruption petition against former Managing Director of the Midstream Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, at the Economic and Financial Crimes Commission (EFCC). This move follows the withdrawal of the same petition from the Independent Corrupt Practices and Other Related Offences Commission (ICPC), a strategic decision aimed at accelerating the prosecution process. In the petition signed by Lead Counsel Dr. O.J. Onoja S.A.N, Dangote urged the EFCC to investigate allegations of abuse of office and corrupt enrichment against Mr. Ahmed…