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Nov 15, 2024 | 
nigerianobservernews.com | Erhuvwu Etarhienyo |Onyinyechukwu Ugwoke |James Ogbomo
Chevron has announced its intention to increase exploration acreage in Nigeria and Angola, aiming to boost production after years of decline in both countries. The company announced plans to expand its exploration acreage in African oil-producing countries, including Nigeria and Angola, where it sees opportunities for production growth despite years of decline, this was disclosed by Liz Schwarze in an interview with Bloomberg.
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Nov 15, 2024 | 
nigerianobservernews.com | Onyinyechukwu Ugwoke |James Ogbomo |Laju Uwanikone
The National Bureau of Statistics (NBS) has released its Q2 2024 road transport data, indicating a notable decrease in road crashes. Compared to Q1 2024, road crashes declined by 9.69 percent, from 2,662 to 2,407. This represents an 18.96 percent fall from Q2 2023, which recorded 2,967 crashes.
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Nov 15, 2024 | 
nigerianobservernews.com | Okafor Vivian |Erhuvwu Etarhienyo |Onyinyechukwu Ugwoke
Few days after raising $110 million through partnership with various companies, Moniepoint Microfinance Bank, one of the largest Fintech banks, announced the appointment of Bayo Olujobi, former member of Standard Bank Group, as its Chief Financial Officer to strengthen the bank’s financial operations and support their long-term goals.
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Nov 12, 2024 | 
nigerianobservernews.com | Onyinyechukwu Ugwoke |Chidinma Kalu |Olatomiwa Oyedele |Favour Anetor
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has secured a landmark agreement with Dangote Petroleum Refinery to directly lift and distribute refined petroleum products, including Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), and Dual Purpose Kerosene (DPK). This partnership aims to guarantee a consistent and uninterrupted supply of PMS products throughout Nigeria at a reasonable price.
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Nov 12, 2024 | 
nigerianobservernews.com | Richard Eweka |Onyinyechukwu Ugwoke
Winner of the September 21, 2024 governorship election in Edo State, Senator Monday Okpebholo, has been sworn in as the fifth Executive Governor of the state. The new governor took the oath of office, alongside his deputy, Hon. Dennis Idahosa, on Tuesday at an inauguration ceremony that took place at the Samuel Ogbemudia Stadium in Benin City, the state capital. Okpebholo’s inauguration marks an end to the eight-year administration of Governor Godwin Obaseki.
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Nov 12, 2024 | 
nigerianobservernews.com | Richard Eweka |Onyinyechukwu Ugwoke
The inauguration of the fifth Executive Governor of Edo State, Sen. Monday Okpebholo has boosted business activities around the Samuel Ogbemudia Stadium Road axis, the event’s venue and it’s environ, as patronage is high compared to other days. As early as 6 a.m Tuesday morning of November 12, 2024, Edo people started arriving the venue for the inauguration ceremony to usher in another era of governance in the State.
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Nov 10, 2024 | 
nigerianobservernews.com | Vivian Okafor |Onyinyechukwu Ugwoke |Oluwatunmise Omoseyin
The inspector General of Police, IGP Kayofe Egbetokun has ordered all police personnel to wear black bands for seven days in honour of late General Taoreed, the Chief of Army Staff of the Nigeria Armed Forces. The general whose death was confirmed on Wednesday was commended to have shown gallantry, dedication and passion to service thereby warranting the tribute in his honour. The IGP’s statement read in part: “Following the demise of the late Chief of Army Staff, Lt. Gen.
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Nov 10, 2024 | 
nigerianobservernews.com | Peace Akpobome |James Ogbomo |Vivian Okafor |Onyinyechukwu Ugwoke
The World Trade Organisation (WTO) has confirmed that its current Director-General, Nigeria’s Ngozi Okonjo-Iweala, is the sole candidate for the position and is now poised to serve a second four-year term when he current term ends August 31, 2025. According to a statement from the organization on Saturday, Okonjo-Iweala had earlier confirmed her willingness to serve a second four-year term in a letter to the chair on September 16.
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Nov 10, 2024 | 
nigerianobservernews.com | James Ogbomo |Vivian Okafor |Onyinyechukwu Ugwoke |Oluwatunmise Omoseyin
Edo State is facing significant challenges due to the condition of roads, driving up food costs and threatening the livelihoods of farmers, who are lamenting the difficulty in transporting their produce to the market, resulting in spoilage and reduced income. A sizable portion of the population in Edo State are involved in farming and food production.
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Nov 10, 2024 | 
nigerianobservernews.com | Abdul-Kadir Abdullah |Vivian Okafor |Onyinyechukwu Ugwoke |Oluwatunmise Omoseyin
The Sustainable Trade Initiative (IDH) from the Netherlands, a non-government organisation in collaboration with the Edo State Oil Palm Programme (ESOPP) is targeting to support 10,500 smallholder oil palm farmers under its National Initiatives for sustainable and Climate- Smart Oil Palm NISCOPS 2 in Edo State.
