L-R: Executive Director, Asset Management Corporation of Nigeria (AMCON), *Dr Aminu Muhtar Dan Amu*; the award recipient, and Managing Director/CEO, AMCON, *Mr Gbenga Alade*, and his wife, *Mrs Yetunde*; Head, Corporate Communications Department, *Mr Jude Nwauzor*; and a Non-Executive Director, and Board Member of AMCON, *Mr Charles Iyore*, at the just concluded 16th African Business Leadership Awards (ABLA) at House of Lords, United Kingdom. The Managing Director/Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON), Mr Gbenga Alade, at the 16th African Business Leadership Awards (ABLA), received the African Business Leadership Special Commendation Award in the United Kingdom (UK).…
Author: orientalnewsng
L-R:* Hon. Ahmadu Usman Jaha, Chairman, House of Representatives Committee on Insurance and Actuarial Matters; Mrs. Ebelechukwu B. Nwachukwu, 27th Chairman, Nigerian Insurers Association; Mr. Olusegun Ayo Omosehin, Commissioner for Insurance/Chief Executive, National Insurance Commission; and Mr. Ekerete Ola Gam-Ikon, Deputy Commissioner for Insurance, Finance & Administration, National Insurance Commission Yemisi Izuora Take strong and bold initiative to build public trust in the Insurance industry, the Commissioner for Insurance, National Insurance Commission, NAICOM, Mr. Olusegun Ayo Omosehin, charges Mrs. Ebelechukwu B. Nwachukwu during her investiture ceremony as the 27th Chairman of the NIA today in Abuja. Omosehin, advised the Association,…
Uchenna Cecil izuora A single regulatory adjustment may be doing more to unlock Nigeria’s mini-grid sector than any funding announcement to date. Nigeria’s Rural Electrification Agency says a decision to raise the mini-grid capacity ceiling, from 1 megawatt to 5 megawatts for isolated systems, and up to 10 megawatts for interconnected ones, has removed a structural constraint that long kept mini-grid projects too small to attract serious institutional capital. REA Managing Director/CEO Dr. Abba Aliyu points to the change as one of three pillars behind the sector’s recent acceleration, alongside the $750 million DARES program and a construction pipeline…
Uche Cecil Izuora For decades, the story of Nigerian electricity has followed a familiar script: not enough megawatts, not enough transmission lines, not enough generators humming to life. But at this year’s Samuel Ibiyemi Memorial Lecture, honoring the late energy journalist who spent a career chronicling the sector’s struggles, Dr. Abba Aliyu, Managing Director/CEO of Nigeria’s Rural Electrification Agency, argued that the country has been asking the wrong question. It isn’t primarily an engineering problem. It’s a trust problem. “The challenge therefore is not simply producing more electricity,” Aliyu told the gathering. “It is producing a market that investors…
Uche Cecil Izuora The Managing Director of the Rural Electrification Agency (REA), Dr Abba Aliyu, has said that mini-grids are no longer just household rural electrification projects, they now represent a highly viable commercial model for electricity delivery capable of de-risking Nigeria’s power sector and attracting massive private capital. Delivering a keynote on “From Subsidy to Solvency: Can Mini-Grids De-risk Nigeria’s Power Sector?”, at the inaugural Samuel Ibiyemi Memorial Lecture, Abba challenged the traditional perception of decentralized energy. He argued that the true transformation of Nigeria’s power sector lies in shifting public resources away from subsidizing systemic inefficiencies and…
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has said Nigeria has successfully navigated the most difficult phase of its economic reforms and is now focused on accelerating broad-based and inclusive growth that delivers tangible benefits to citizens and businesses. Speaking at the Nigeria Employers’ Summit 2026 organised by the Nigeria Employers’ Consultative Association (NECA) in Abuja, the Minister said the bold reforms initiated by President Bola Ahmed Tinubu’s administration prevented an imminent economic collapse and laid the foundation for macroeconomic stability and sustainable growth. Addressing business leaders, policymakers and development partners during a…
The Supreme Court of Mauritius has restrained and prohibited directors of Chappal Energies Mauritius Ltd from proceedings with the oil firm’s planned Rights Issue, pending the determination of the application for urgent relief by the Emergency Arbitrator in the London Court of International Arbitration (LCIA). The court made the order following an application filed by Intermediate Investment Holdings Limited (IIHL) through its counsel, Ms Attorney J Radhakissoon. The restraining order thwarted alleged plan by a minority shareholder of the company, R28 Limited, a firm linked to businessman, Adebisi Adebutu to acquire up to 85 percent of the company. The…
Uche Cecil Izuora The Nigerian Ports Authority (NPA) and the Association of Nigerian Licensed Customs Agents (ANLCA) are taking proactive steps to improve ease of doing business, address persistent congestion along the Apapa and Tin Can Island ports corridors and accelerate cargo evacuation. The General Manager (GM) Corporate Affairs of the NPA, Ikechukwu Onyemekara in a statement, the agreement was reached during a strategic engagement at the NPA Corporate Headquarters, Marina, Lagos, between the Managing Director (MD) of NPA, Dr. Abubakar Dantsoho, and the ANLCA’s national leadership led by its National President, Chief Emenike Nwokeoji. In his remarks, Dr.…
The Lagos State Waterways Authority, in partnership with Interferry, has completed Module Two of the Ferry Safety Development Programme, focusing on seamanship training for ferry professionals. The June module covered ropes and knots, mooring and anchoring, and deck maintenance. Participants combined self-paced learning, virtual mentoring, expert sessions and practical field exercises to build stronger technical knowledge and operational skills for safer ferry services. As part of the module, participants joined an “Ask the Expert” virtual session on 17 June 2026 with Mr. Jeff Joyce, Interferry Mentor and Vice President, Marine Operations at Northumberland Ferries Limited. He shared practical insights…
Yemisi Izuora TotalEnergies has been sued to Court by some non state actors which are seeking mitigation of environmental damages before exit. Several nonprofits including Friends of the Earth France have sued oil major in a French civil court on Wednesday, seeking to obtain environmental documents related to an onshore Nigerian oil asset it is attempting to sell, according to Reuters. Nigerian regulators have not yet approved the sale announced in January of Total’s 10 per cent stake in the asset, which was formerly known as SPDC, to local company Vaaris. SPDC has struggled with hundreds of oil spills due…