Tag: nigerian energy

The Nigerian government has officially gazetted the Withholding Tax Regulations 2024, according to an announcement by Taiwo Oyedele, Chairman of the Presidential Task Force on Fiscal Policy and Tax Reforms Committee. The regulations are set to be published today, introducing significant changes to address long-standing challenges and promote equity in the tax system. Background Withholding…

The National Pension Commission (PenCom), yesterday announced that it has granted approval for the merger between ARM Pension Managers (PFA) Limited and Access Pensions Limited to form a new entity named Access ARM Pensions Limited. In a statement, PenCom stated that the merger was expected to result in the achievement of economies of scale, improved…

With its operations outside the shores of Nigeria, around the Sao Tome and Principe Exclusive Economic Zone (EEZ), Oando Plc has now attained the status of Nigeria’s first indigenous International Oil Company (IOC). This, no doubt, attests to the enormous hard work put in by the forward-looking team at the company led by its Chief…

A Kano High Court has restrained the Zamfara state Governor, Dauda Lawal, and his cohorts from a smear campaign against the State Minister for Defense, Bello Matawalle. The court also granted a restraining order on the Nigeria Police Force, Inspector General of Police, Government of Zamfara State, Attorney General of the Federation, Zamfara state government,…

Customers of Zenith Bank have taken to social media platforms to express their frustration over difficulties with online banking transactions. They reported challenges in making payments and using various payment features on X on Tuesday, following a notification from the bank on Saturday that it would undergo maintenance from September 29 to October 1. In…

Three suspected hoodlums have appeared before a magistrate court sitting in Norman’s Land in Fagge LGA of Kano State over alleged attack on a congregation attending the Maulud celebration, marking the birthday of Prophet Muhammad (Peace be Upon Him). They allegedly attacked a procession of the celebrants with weapons and inflicted injuries on some of…

The National Bureau of Statistics has stated that Nigeria recorded a reduction in petrol importation following the removal of fuel subsidy by President Bola Tinubu in May 2023. It also said the total of fuel imports reduced to 20.30 billion litres in 2023 from the 23.54 billion litres recorded in 2022, showing a decrease of…

The hearing over purported dethronement of Owa of Igbajo, Oba Adegboyega Famodun, by Governor Ademola Adeleke was stalled at the Federal High Court, Osogbo over absence of defendants’ counsel. Oba Famodun was appointed by the administration of Adegboyega Oyetola but sacked by Adeleke who used warrant chiefs to appoint Oba Makinde Ponnle. Subsequently, the traditional…

The Nigerian Deposit Insurance Corporation has announced the strengthening of its partnership with the judiciary to expedite the prosecution of failed financial institutions. NDIC’s Managing Director, Bello Hassan, disclosed this on Monday at the 19th Abuja International Trade Fair, themed, “Mobility: Options for Transport, Trade Finance, and Taxation.” Hassan said the initiative has led to…

In a ruling on Monday, Chief Judge Abiodun Adebara of Kwara State directed that all public protests in the state must be confined to the Metropolitan Square in Ilorin. The decision was made in response to an ex-parte motion filed by the Kwara State Attorney General and Commissioner for Justice, Barrister Senior Ibrahim Sulyman, citing…

A High Court sitting in Abeokuta, Ogun State, has restricted members of the #FearlessInOctober protest groups to the MKO Abiola Stadium in Abeokuta, Gateway International Stadium in Sagamu, Dipo Dina Stadium in Ijebu Ode, and Ansar-Ud-Deen Comprehensive High School in Ota. The court, presided over by Tajudeen A. Okunsokan, gave this order on Monday, following…

The Economic and Financial Crimes Commission, EFCC, on Monday, September 30, 2024, arraigned former governor of Taraba State, Darius Dickson Ishaku and former permanent secretary, Bureau for Local Government and Chieftaincy Affairs in the state, Bello Yero, before Justice S. C. Oriji of the Federal Capital Territory High Court, Maitama, Abuja for fraud. Both are…

Hannatu Musawa, the minister of arts, culture and creative economy, has granted a licensing waiver for investors looking to establish community cinemas in Nigeria. In a statement released on Monday, Husseini Shaibu, the executive director of the National Film and Video Censors Board (NFVCB), revealed that the decision aligns with President Bola Tinubu’s agenda of…

A Federal High Court, sitting in Lagos on Monday has dismissed a N500m suit instituted by one Sir Jude Nnam against five Star Music Limited, Mr Emeka Okonkwo (a.ka. E-Money) and a popular gospel singer, Kingsley Chinweike Okonkwo (aka KCEE) alleging copyright infringement by KCEE of his (plaintiff’s) songs “Som Too Chukwu”. Justice Kehinde Ogundare…

Justice Peter Lifu of the Federal High Court in Abuja has once again barred the Independent National Electoral Commission from releasing the voters’ register to the Rivers State Independent Electoral Commission for the upcoming local government elections scheduled for 5 October 2024. Justice Lifu issued the order on Monday while delivering judgment on a suit…

A Lagos-based law firm has filed a lawsuit requesting the court to restrain the Lagos State Commissioner of Police, the Deputy Commissioner of Police in charge of the State Criminal Investigation Department (SCID), Panti, and a private individual, Gbenga Osho, from further harassing and intimidating a female lawyer, Bolanle Kikelomo Akande. The legal practitioner, Bolanle…

The State High Court sitting in Port Harcourt, Rivers State, has issued an order mandating the state’s Independent Electoral Commission (RISIEC), the state government and Governor Siminialayi Fubara to conduct the October 5 local government elections in the state. The order was made in a suit filed by the Action Peoples Party (APP) against RISIEC,…

The Minister of Power, Adebayo Adelabu, has said that more than 40% of Nigerians now enjoy over 20 hours of electricity daily. He said this in a statement on Sunday detailing a review of the Ministry of Power’s activities over the past year. Adelabu emphasized that these achievements are part of the government’s broader effort…

An Oyo State High Court sitting in Ibadan has issued a summons to Kemi Alao-Akala, the wife of the late former Governor of the state, Adebayo Alao-Akala, instructing her to appear in court within 30 days. The writ of summons, which pertains to a legal dispute over the estate of her late husband, was granted…

The Nigerian National Petroleum Company Limited (NNPC Ltd) has said that the directive by President Bola Tinubu to all stakeholders and the military, along with collaborative efforts, helped ramp up Nigeria’s crude oil production to over 1.6 million barrels per day. He also said if the collaboration continues, Nigeria can achieve production levels of 2…