Uche Cecil Izuora Leading property firm, 1st Choice Properties, has designed a mobile application to eliminate property fraud and attract investors in the housing sector. The App, which is the first in Nigeria, is to save Nigerians at home and abroad seeking to invest in real estate and properties from corruption and the harmful activities of dupes. In a statement by Gbenga Agbana, on behalf of the company, said that Nigeria faces acute shortage of housing, with less than 10 per cent of Nigerians owing properties, while majority of Nigerians have no access to affordable housing. “The country’s housing…
Author: orientalnewsng
Yemisi Izuora Stakeholders in Nigeria’s insurance sector have emphasised the critical role of resilience in navigating the challenges facing Nigeria’s insurance industry, as it enables the ability to cope with unexpected challenges. This, they emphasised at the 25th Adetunji Ogunkanmi Memorial Lecture themed “Beyond Insurance: Building Resilience, Health, and Legacy,” highlighting its importance in navigating the complexities of the insurance sector. MD/CEO of Nigeria Liability Insurance Pool, Mrs Adeyinka Adekoya, highlighted the sector’s over-reliance on corporate clients while lamenting the low penetration of insurance products in the retail market. “Resilience is the root of everything we are discussing here.…
Yemisi Izuora The Nigeria LNG has entered into negotiations with Hudong Zhonghua for mid-scale LNG carriers, signalling renewed fleet modernisation against a subdued global orderbook Under the initiative, the Nigeria LNG Ltd is negotiating three 74,000-m LNG carriers with China’s Hudong Zhonghua Shipbuilding, with options for three additional vessels, in a fresh phase of its fleet modernisation programme, according to BRL’s latest newbuilding report. The ships are expected to deliver from 2029 and will trade under Nigeria LNG subsidiary Bonny Gas Transport. The prospective contracts come against the backdrop of an LNG carrier segment that remains heavily committed on forward…
Yemisi Izuora Esso Exploration & Production Nigeria (Offshore East) Limited, an affiliate of ExxonMobil, has called for a coordinated, strategic approach to boost Nigeria’s oil and gas production and drive broader economic growth. The call was made during the 2025 Practical Nigerian Content (PNC) Forum, an annual industry conference held in Yenagoa. Speaking at strategic panel sessions on “Streamlining Project Delivery for Improved Efficiency” and “Nigeria First Policy – Pathways for Growth”, Etabuko Abirhire, Executive Director, Development, Esso E&P, outlined actionable strategies to support Nigeria’s ambitious energy objectives. Abirhire emphasized the need to achieve a production target of 4…
TransQuest Media Group/ Transport Development Symposium and Awards is scheduled to celebrate its 20th anniversary on Saturday, December 6th, 2025, at Lagos Airport Hotels, Obafemi Awolowo Way, lkeja, Lagos. The Managing Director of the group who is also the Chairman, Organising Committee, Mr Felix O.Kumuyi and the Board Chairman, Chief Olufemi Ogunsusi, stated this in a statement signed by the duo. The theme of the one day transport seminar/Quest Awardees’ event is “Attaining Africa’s Trade/Maritime Hub:Leveraging Nigeria’s Maritime Potentials to Drive Economic Growth”. The occasion would be chaired by Professor Bamidele Badejo while Professor lyiola Oni of the Department of…
The Capital Market Correspondents Association of Nigeria (CAMCAN) has concluded plans to host its 2025 annual workshop, a key engagement platform designed to deepen dialogue and strengthen policy direction across Nigeria’s capital market and the wider economy. The workshop scheduled for December 6 and 7, 2025, at Orchid Hotels, Ajah, Lagos, will focus on the theme: “Regulatory Reforms: ISA 2025 and Nigeria’s Investment Climate.” The theme underscores the increasing urgency for coordinated regulatory reforms to stabilise the financial system, enhance investor confidence, and reposition the market for global competitiveness. In a statement, CAMCAN said the workshop will highlight how the…
….Adds Over 135 MMscf/d To Domestic Gas Supply Yemisi Izuora The NNPC/Heirs Energies OML 17 Joint Venture (JV) has achieved a major breakthrough with the innovative, rigless recompletion of a key non-associated gas well in OML 17. This pioneering intervention – the first of its kind in Nigeria – has doubled the JV’s gas output to a peak of 135 million standard cubic feet per day (MMscf/d), delivering a significant boost to domestic gas supply and strengthening the nation’s energy security. This significant production increase has transformed power generation across the eastern network. Transcorp PLC – TransAfam Power, one of…
Yemisi Izuora The Nigerian National Petroleum Company Limited (NNPCL), has unveiled its strategic roadmap to drive sustained growth and support Nigeria’s energy transition through 2030. This is as the state oil company announced its financial performance for the full year ended 2024 showing a Profit After Tax (PAT) of ₦5.4 trillion on revenue of ₦45.1 trillion. This was contained in a statement by the Chief Corporate Communications Officer, Andy Odeh to the media. The plan prioritises increased oil and gas production and outlines a $60 billion investment pipeline across the energy value chain. 2024 Financial Highlights NNPC Limited’s results demonstrate…
Yemisi Izuora Dangote Petroleum Refinery has said that its gantry price reduction actually prompted petrol price downward adjustments by marketers. The management rejected what it described as series of misleading publications claiming that the recent reduction in pump prices by oil marketers is a consequence of the Federal Government’s reversal of the 15 per cent import tariff. ‘This narrative is entirely false, deliberately misleading, and inconsistent with actual market dynamics. For the avoidance of doubt, the factor that prompted the price adjustment was our own reduction of PMS gantry and coastal prices on November 6.’ it said in a…
Joseph Bakare Oriental Energy Resources (OERL) and its partners today marked the sailaway of the EMEM Floating Production Storage and Offloading Vessel (FPSO) from Dry Docks World Dubai Shipyard. The EMEM is the first fully funded and converted FPSO by a Nigerian indigenous company, positioning OERL at the forefront of the nation’s energy independence agenda. The event drew distinguished attendees including Nigeria’s Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, Governor of Borno State His Excellency Babanga Zulum, Governor of Akwa Ibom State His Excellency Pastor Umo Eno, Governor of Adamawa State His Excellency Ahmadu Umaru Fintiru and…