Tag: nigerian energy

The federal government has established a disaster relief fund to address disasters such as flooding. This was disclosed to journalists on Monday by Minister of Finance and Coordinating Minister of the Economy, Wale Edun, at the State House, Abuja, after the Federal Executive Council (FEC) meeting presided over by President Bola Ahmed Tinubu. According to…

A Federal High Court in Abuja has dismissed a suit seeking the removal of Abdullahi Ganduje as the National Chairman of the All Progressives Congress (APC). In a judgment on Monday morning, Justice Inyang Ekwo held that the suit by a group – the APC North Central Group – was premature and related to an…

The Imo State Local Government elections on Saturday were thrown into chaos when two court summons were issued, leaving voters bewildered. A Magistrate Court in Owerri in suit number CR/OMC/635/2024, disqualified the All Progressives Congress (APC) candidates for the September 21 elections due to non-compliance with the Imo State Independent Electoral Commission (ISIEC) guidelines. “The…

Stakeholders in the aviation sector have called for a review of the 22-year age rule on aircraft, arguing that the regulation is outdated and counterproductive. A member of the Aviation Round Table, Olumide Ohunayo, emphasised that the rule, initially introduced to target scheduled flights, has inadvertently increased illegal flights among private jet operators. He explained…

A legal battle has commenced between privacy lawyer Olumide Babalola and the National Assembly over the alleged refusal to appropriate funds for the Nigeria Data Protection Commission (NDPC). Babalola, a well-known advocate for data protection, filed a lawsuit at the Federal High Court (Suit No. FHC/LF/FHR/47/2024), accusing the National Assembly of failing to allocate the…

Justice Rahman Osodi of an Ikeja Special Offences Court has sentenced a businessman, Bernard Nzenwa, to four years and 11 months imprisonment for fraud. Justice Oshodi convicted the businessman of a one count charge brought against him by the Economic and Financial Crimes Commission (EFCC) Lagos Zonal Directorate. The businessman was charged to court alongside…

The Debt Management Office (DMO) has attributed the recent delay in coupon payments to savings bond subscribers to system and processing issues according to reports from Bloomberg. The first coupon payment on the two-year and three-year debt instruments, through which the government raised N4.2 billion in June, was due on Sept. 12 but remains unpaid.…

A Magistrates’ Court in Abuja on Friday, adjourned hearing in the case filed against Sen. Monday Okpebholo, the All Progressives Congress (APC)’s governorship candidate in the Saturday election in Edo, indefinitely. Magistrate Abubakar Mukhtar adjournment followed an order of Justice O.C. Agbaza of the FCT High Court granting leave for Okpebholo to file an application…

A High Court in Port Harcourt, Rivers State, presided over by Justice G.O. Ollor, has ordered Belemaoil Producing Limited (Belemaoil) to pay BGP/CNPC International Nigeria Limited the sum of $21, 858,185.12 being the balance of services rendered under an executed contract. The court also ordered Belemaoil to pay the sum of N10,810,270,635.00, to BGP/CNPC. The…

A Federal High Court (FHC) in Abuja, on Friday, rejected an application seeking to stop the Enugu State Independent Electoral Commission (ENSIEC) from conducting Saturday’s local government elections in the state. Justice Peter Lifu, in a ruling on the oral application moved by counsel to the All Progressives Congress (APC), Michael Aondoakaa, SAN, held that…

Roberto Carlos’ legendary free-kick, often dubbed “The Impossible Goal,” is one of the most jaw-dropping moments in football history. The best Nigeria betting can be made at the 1xBet platform on whether someone will score from a free kick too. It happened during the 1997 Tournoi de France, a friendly tournament, in a match against…

The Federal High Court sitting in Abuja, on Friday, declined to compel the Independent National Electoral Commission, INEC, to conduct by-election to fill seats of 27 members of the Rivers State House of Assembly that allegedly defected to the All Progressives Congress, APC. The court, in the judgement that was delivered by Justice Peter Lifu,…

The Nnamdi Azikiwe International Airport, Abuja and the Port Harcourt International Airport in Nigeria have been recognised by the Airport Council International for their exceptional dedication to airport emergency management and resilience. The Special Adviser on Media and Communications to the Minister of Aviation and Aerospace Development, Festus Keyamo, Tunde Moshood, in a statement on…

The Federal High Court, sitting in Lagos today adjourned the case filed against the Economic and Financial Crimes Commission (EFCC), the Kaduna State Government (KADSG) and others to October 11, 2024 for hearing. This followed a previous order of the Court which joined the Independent Corrupt Practices and Other Offences Commission (ICPC) and the State…

The Securities and Exchange Commission (SEC) has reiterated its willingness to encourage State Owned Enterprises to list on the Nigerian Exchange in line with the Renewed Hope Agenda of President Bola Tinubu. Disclosing this in an interview in Abuja, Director General of the SEC, Dr Emomotimi Agama said that when such companies list their securities…

Hon. Justice Olufunke Anuwe of the Abuja Judicial Division of the National Industrial Court has declared the failure of the Clerk of the National Assembly to pay Abed Anyadike the sum of N10,215,756.14 being the outstanding sum of his Salary and Allowances for the period of his appointment as Senior Special Assistant to the Speaker,…

11plc, Total Energies, AA Rano, and other marketers have begun lifting Dangote petrol from the Nigerian National Company (NNPC) Trading Limited at the rate of N765.99 per litre, BusinessDay reports. Meanwhile, Adedapo Segun, executive vice-president, downstream at NNPC, has noted that it is so because the product is being subsidised. He said marketers cannot purchase…

The Central Bank of Nigeria says it has temporarily withdrawn the Monetary, Credit, Foreign Trade, And Exchange Policy Guidelines For Fiscal Years 2024 – 2025 document published on Tuesday, September 17, 2024. It said the revocation of the document is to minimise risks of any further misrepresentation or misinterpretation, resulting in confusion among stakeholders. It…

A leading human rights organisation in Nigeria, Lawyers Alert, has initiated a legal action against Federal Government and the Attorney General of the Federation at the Federal High Court in Makurdi, over the ongoing humanitarian crisis affecting Internally Displaced Persons (IDPs) in Benue State. The lawsuit seeks to address Benue State IDP crisis with a…

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that the country now records approximately $2.35 billion in net inflows into the Central Bank of Nigeria (CBN’s) foreign reserves. Edun made this statement while speaking at the Access Bank annual cooperate forum of 2024 in Lagos. The Minister said the…