Tag: nigerian energy

A Federal High Court sitting in Lagos has struck out a case by the Manufacturers Association of Nigeria (MAN) challenging the implementation of electricity tariff review by the Abuja Electricity Distribution Company PLC and 11 others. In the judgment on 7 October 2024, the Court considered all the parties’ arguments and ruled that MAN’s suit…

The Executive Chairman, Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, yesterday launched an Unstructured Supplementary Service Data (USSD) Code specifically targeted at improving taxpayers’ satisfaction. The move also seeks to enhance the ease of doing business in the country. The code was unveiled as part of activities making this year’s Customer Service Week with…

The Department of State Services (DSS) has accused several Central Bank of Nigeria (CBN) staff members of aiding in the theft of public funds through the federal government’s Anchor Borrower Programme (ABP). The allegations were made in a counter-affidavit responding to a lawsuit filed by Ansar Technology Nigeria Ltd, one of the anchors participating in…

The recent surge in fuel prices across Nigeria has sparked widespread frustration and anger among citizens, as they grapple with the escalating cost of living. The Nigerian National Petroleum Corporation Ltd (NNPCL) has once again raised the pump price of petrol, this time from N898 to N1,030 per liter, following its exit as a middleman…

Justice Abiola Soladoye of the Lagos State Sexual Offences and Domestic Violence Court in Ikeja yesterday convicted and sentenced a head teacher, Benjamin Ogba, to life imprisonment for defiling two under-aged girls, both seven years. Justice Abiola Soladoye jailed Ogba for the rest of his life after holding that the Lagos State government had proven…

The Nigerian National Petroleum Company Limited (NNPCL) on Wednesday, October 9, informed marketers of its upward review of the Premium Motor Spirit (PMS) ex-depot prices. Its NNPCL Retail Limited sent a price list informing them that the ex-depot price at Calabar is N1,050 per litre. The National Oil Company said the depot price in Lagos…

Nigerian National Petroleum Company Limited (NNPC Ltd) outlets in Abuja have increased petrol prices to N1,030 per litre, marking a significant rise from previous rates. This price adjustment, observed on Wednesday, coincides with recent changes in Nigeria’s petroleum market dynamics. The price hike follows NNPC’s decision to end its exclusive purchase agreement with Dangote Refinery.…

Nigeria’s Minister for State, Petroleum Resources (Oil), Heineken Lokpobiri, on Tuesday, said the claim that he directed the Nigerian National Petroleum Company Limited (NNPC Ltd) to stop running its refineries and focus solely on equity participation in other refineries is “false”. Mr Lokpobiri, in a statement posted on his X handle on Tuesday, made this…

The High Court of the Federal Capital Territory has ordered a Port Harcourt-based lawyer, Azubuike Ihemeje, to pay N150 million to another lawyer, Chimezie Okpoko, for defamation. Justice Kayode Agunloye gave the order while delivering judgment on suit number CV/1346/2022 instituted by Mr Okpoko against Mr Ihemeje. The suit followed a series of Facebook posts…

*All Deposits In Nigerian Banks Safe, CBN Assures Nigerian bank customers are set to experience more service disruptions in the coming weeks as financial institutions across the country embark on major system upgrades. These upgrades aim to improve operational efficiency and enhance customer experience, but they come with temporary inconveniences. Several major banks have already…

The federal government has commenced discussions with Brazil with a view to activate direct flights between the two countries. The Minister of Aviation and Aerospace Development, Festus Keyamo initiated the talk with the Brazilian Ambassador to Nigeria, Carlos Garcete. This, according to the minister, was in line with the directive of President Bola Ahmed Tinubu,…

The federal government has re-arraigned a former Director of defunct Gulf Bank Plc, Johnson Adeyeba; a Briton, Gareth Wilcox and four others before the Federal High Court in Lagos over an alleged N15,761,176.24 billion fraud. Adeyeba and Wilcox were arraigned before Justice Daniel Osiagor alongside a former Managing Director and executive officer of the bank,…

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has advised the Nigerian National Petroleum Company Limited (NNPCL) to discontinue the operation of the Port Harcourt, Kaduna, and Warri refineries. This announcement came as Lokpobiri urged the NNPCL to acquire a larger equity stake in Dangote Refinery. Lokpobiri disclosed this on Tuesday at the…

The federal government of Nigeria has declared that Dangote Refinery is now authorised to serve as the only provider of jet fuel, or Jet A1, to aircraft companies operating in the country. The minister of aviation, Festus Keyamo, disclosed this information in an interview that aired on Channels TV on Tuesday, October 8. According to…

The Federal High Court sitting in Abuja, on Tuesday, declared Julius Abure as the substantive national Chairman of the Labour Party (LP). Justice Emeka Nwite had, in a judgement affirmed the Abure-led leadership and the March 2024 Nnewi convention of the party that produced the national leadership of the party. The court further ordered the…

Africa’s richest man and President of Dangote Industries Limited, Alhaji Aliko Dangote, has declared that he built his 650,000 barrels per day refinery valued at $20 billion without receiving a single incentive from the Nigerian government. Dangote stated this in Lagos Tuesday in a speech delivered on his behalf by the company’s Group Executive Director,…

The Supreme Court, on Tuesday, fixed Oct. 22 for the hearing of a suit filed by at least 16 state governments challenging the constitutionality of the laws establishing the Economic and Financial Crimes Commission (EFCC) and two others. A seven-member panel of justices, led by Justice Uwani Abba-Aji, fixed the date after the states were…

The Central Bank of Nigeria (CBN) has assured Nigerians not to panic as it has put in place policies to ensure that all monies deposited in financial institutions across the country are secured. A statement by the apex bank’s Ag. Director, Corporate Communications, Hakama Ali on Tuesday, reassured the public of its unwavering commitment to…

The Economic and Financial Crimes Commission (EFCC) has arraigned one Josephine Anietie Philip, alongside a native doctor, Effiong Okon over their alleged involvement in land racketeering by facilitating fraudulent activities and benefited financially from it. The duo was brought before the Federal High Court sitting in Uyo, the Akwa Ibom State capital, presided over by…

Two medical doctors, Michael Atiba and Michael Ugbeye, are standing trial at the Ikeja High Court of Lagos State, presided over by Justice Oyindamola Ogala, for the death of a patient, Ejiro Ugorobi. Recall that the Lagos State Government had on March 25, 2024, arraigned the medical doctors over their alleged involvement in the involuntary…