Tag: nigerian energy

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…

PZ Cussons Plc, the parent company of PZ Cussons Nigeria, has concluded plans to sell its African subsidiaries, citing the depreciation of the Naira as the major reason. Reviewing the company’s ‘Results for the year ended 31 May 2024’, Jonathan Myers, PZ Cussons’ Chief Executive Officer, said Nigerians are facing unprecedented inflation and economic difficulties,…

The Court of Appeal in Abuja on Thursday granted the request of the Federal Government and former Chief Justice of Nigeria (CJN), Justice Walter Onnoghen, to settle out of court an appeal challenging his removal from office. The decision follows information that the two parties have intensified efforts to reach an amicable settlement of all…

An Iyaganku Chief Magistrates’Court sitting in Ibadan on Thursday remanded a woman, Olayinka Akinware, 35, and Tunji Adesina, 29, for allegedly unleashing four dogs on police to stop officers from arresting a suspect. The Magistrate, Mr. M. Mudashiru who did not take the plea of the suspects for want in jurisdiction ordered that they should…

The Central Bank of Nigeria (CBN) has reaffirmed its commitment to enforcing a controversial cybercrime levy on all electronic transactions for the 2024-2025 fiscal year. The levy, which has been set at 0.005 percent, is outlined in the CBN’s recently released Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines. The cybercrime levy, which is part…

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) will arraign Zangina Galadima Zango, the Caretaker Chairman of Rimin Gado Local Government Area in Kano State, over the alleged illegal use of N9 million in LGA funds, in breach of a Supreme Court judgment on local government autonomy. Dr. Musa Usman Aliyu SAN, the…

The Federal Inland Revenue Service (FIRS) has announced plans to implement a digital solution, the FIRS e-Invoice, aimed at improving tax administration and compliance in Nigeria. The Executive Chairman of FIRS, Dr. Zacchaeus Adedeji, disclosed this on Wednesday speaking at at the “Emerging Tax Matters” stakeholders’ engagement organized by the Lagos Chamber of Commerce and…

Kano State House of Assembly Speaker Jibril Ismail Falgore and five others yesterday asked a High Court of Kano State to stop the Independent Corrupt Practices and Other Related Offences Commission (ICPC) from investigating and arresting them. Others, who are expected to appear before ICPC today, are the Deputy Speaker, Muhammad Butu Butu; Majority Leader,…

A Federal High Court in Lagos has ruled that the sale and disposal of assets belonging to a firm Kay Nath Nigeria Limited by Union Bank Plc was illegal, null, and void. The court ordered the bank to refund the sum of N143,297,700 to the company. Justice Daniel Osiagor delivered the judgment in Suit No:…