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NERC vows improved power supply from July 1
Sopuruchi Onwuka Homes and businesses in the country will begin get energy cost relief by next month when the Nigerian Electricity Regulatory Commission (NERC) has determined for total reset of the commercial relay designed to guarantee steady supply of electricity…
NCDMB to raise female quotient in oil industry training
Begins disbursement of $40m Women Fund Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) will formally require operating companies in the Nigerian petroleum industry to increase the proportion women in their regular human development programmes, including courses that…
PIA: Women must be positioned for oil crew change
Sopuruchi Onwuka Deliberate policy and structural measures should evolved to dismantle cultural norms that nurture gender bias in the technical and male dominated professions and workplace environments in order to allow the sectors harness the capacity and expertise of women…
Nigeria loses $1.7 bn suit against JPMorgan Chase
Sopuruchi Onwuka Federal government has lost its case seeking princely $1.7 billion claims from New York based American multinational investment bank and financial services holding company, JPMorgan Chase. The claims sought by government included some hundreds of million dollars paid…
NCDMB, NAICOM LAUNCH INSURANCE SERVICES GUIDELINES
The Nigerian Content Development and Monitoring Board (NCDMB) and the National Insurance Commission (NAICOM)have signed insurance services guideline which will oblige the oil and gas industry to patronize the local insurance sector, thereby retain spend in the economy. The guidelines…
Okonjo-Iweala warns of grim impact of global crises on the poor
Director General of the World Trade Organization, Dr Ngozi Okonjo-Iweala, says a combination of grim developments across the world poses gloomy future for the world populations, especially those from poor nations. Dr Okonjo-Iweala who chairs the ongoing meeting of more…
Oriental News holds confab on Financial Inclusion
Key stakeholders in Nigeria’s financial sector would engage in a robust round table discussion on government’s key policy which centres around inclusive financial system that will cover all strata of the society. The experts drawn from key private sector organisations…
IATA predicts 116% passenger growth in African aviation
The International Air Transport Association (IATA) has predicted more than double the number of passengers flying African airlines in the year following liberalization of movements after travel restrictions imposed in response the covid-19 pandemic. The body stated that African airlines…
Onyeama demands pan-African collaboration against insecurity, maritime threat
Nigerian has called for urgent action to end terrorism, piracy and trafficking along the African Atlantic coast. Foreign Affairs Minister, Geoffrey Onyeama, made the call while stating Nigeria’s position at the First Ministerial Conference of African Atlantic States in Rabat,…
Nigeria’s public debt crosses $100 bn mark
Nigeria’s total debt stock has at the end of first quarter of 2022 reached N41.60 trillion and crossed the $100 billion mark. The Debt Management Office (DMO) declared that the country’s debt recorded a quarterly increase of N2.04 trillion. The…
