Tag: nigerian energy

Hon. Justice Sinmisola Adeniyi sitting in Kaduna Judicial Division of the National Industrial Court has dismissed the entitlement claim filed by retiree, Mr. Hassan Adamu against Kaduna State Polytechnic and the Governing Council for being unmeritorious. The Court held that Mr. Adamu has failed to lead credible evidence in support of the reliefs claimed against…

Dangote Refinery has said that it will be forced to export 95-97 percent of its Premium Motor Spirit (petrol) because of low patronage by marketers in Nigeria. This is as the 650,000 barrels per day indigenous oil firm revealed that only 3 to 5 percent of petrol marketers are willing to buy its petrol. The…

Nigerian food critic Opeyemi Famakin and businessman Cuban Chiefpriest have clashed online over his recent review of his restaurant in Imo State. It all began on September 11, 2024, when the food critic paid a visit to Cubana Chief Priest’s restaurant and subsequently posted his review of the restaurant and the food to Instagram, in…

The Chairman of the Independent Corrupt Practices and Other Related Offences Commission, Dr Musa Adamu Aliyu (SAN), appeared before a Kano State High Court on Thursday in response to a fundamental rights enforcement suit filed by the Association of Local Government Chairmen Chairman and 43 Local Government Areas Caretaker Committees. The court, presided over by…

The Nigerian National Petroleum Corporation, NNPC, Limited has asked for office space for about 10 of its staff at Dangote Refinery as part of their crude supply deal. According to Devakumar V. G. Edwin, Vice President, Oil & Gas, of Dangote Group, NNPC made the demand since they will be supplying the crude, overseeing the…

The Economic and Financial Crimes Commission (EFCC) Thursday told the Federal High Court sitting in Lagos that no one had come forward to lay claim to the $2.045million, linked to the embattled former governor of the Central Bank of Nigeria (CBN), Mr. Godwin Ifeanyi Emefiele. The Commission’s lawyer, Mr. Rotimi Oyedepo (SAN) stated this before…

Marketers of petroleum products in Nigeria have reportedly written to President Bola Tinubu to complain that the drop in price of Dangote Refinery’s diesel to N900 per litre, is negatively affecting their businesses. Devakumar Edwin, Vice President, Dangote Industries Limited, disclosed this on a Twitter Spaces session organized by Nairametrics. “Petroleum product marketers in Nigeria…

The Central Bank of Nigeria has directed all Payment Service Providers to route all transactions from PoS terminals at merchant and agent locations — physical or electronic — through an approved CBN Payment Terminal Service Aggregator. It also issued a 30-day deadline requiring service providers to comply with enhanced routing guidelines for Point of Sale…

A staff member of the Federal Radio Corporation of Nigeria (FRCN), Pyramid FM, Kano, Muktar Dahiru, has been re-arrested and remanded in a correctional centre for breaching his bail conditions. Dahiru, who is standing trial on a three-count of criminal conspiracy, defamation of character, and intentional insults, was initially remanded three weeks ago upon arraignment.…

Clearing agents under the aegis of the National Council of Managing Directors of Licensed Customs Agents (NCMDLCA) have picked holes in the server services being provided for the Nigeria Customs Service (NCS) by Webb Fontaine Ltd, blaming incessant server breakdown at the ports on the low-quality nature of server services available at the ports. Speaking…

A Coroner’s Court sitting in the Ikorodu area of Lagos State has threatened to subpoena key witnesses for failing to appear at the ongoing inquest into the death of singer, Ilerioluwa Aloba, aka Mohbad. Magistrate T. A. Sotobi had ordered substituted services for the witnesses after granting an application by Mohbad’s father, Joseph Aloba, to…

The Economic and Financial Crimes Commission (EFCC) has secured an order from the Federal High Court to freeze N548.6 million in bank accounts belonging to suspected crypto users on platforms like ByBit, KuCoin, and others. The anti-graft agency alleges that these platforms have played a role in the recent fluctuations of the Nigerian naira. In…

A Federal High Court sitting in Abuja and presided over by Justice Emeka Nwite has rescheduled the hearing of the bail application of a whistleblower Isaac Bristol to September 17, 2024. The hearing of the bail application was originally slated for today, Wednesday, September 11, 2024, but was postponed. The defendant, represented by his lawyer,…

The Central Bank of Nigeria (CBN) has named Babajide Arowosafe as the new Managing Director and Chief Executive Officer of NIRSAL Plc, following the dissolution of the previous Board and Executive Management on August 30, 2023. The decision to dissolve the previous management was made by the Central Bank Governor, Olayemi Cardoso, who ordered the…

A Shari’a Court in Kaduna, Kaduna State, on Wednesday ordered the remand of Musa Hussaini for some hours for him to think about how to provide for the upkeep of his four children. Earlier, the petitioner, the mother of the four children and Mr Hussani’s recently divorced wife, Hajara Sani, had prayed to the court…

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has debunked a recent media report claiming it approved Shell International Plc’s sale of its onshore assets to Renaissance for $1.3 billion. The report, which was published by Businessday on Wednesday, purported that NUPRC had given regulatory approval for the major transaction, but the Commission has now labelled…

The Court of Appeal, Abuja Division has dismissed a suit seeking to disqualify former President of the Nigerian Bar Association (NBA), Olumide Akpata as the governorship candidate of the Labour Party (LP) in the Edo state governorship election scheduled for September 21, 2024. The appellate Court held that the suit instituted by an aggrieved governorship…

A Federal High Court in Abuja has granted bail to the 10 #EndBadGovernance protesters standing trial for alleged treason and attempting to destabilise the country. The Federal Government, through the Inspector-General (IG) of Police, arraigned the defendants in a charge marked: FHC/ABJ/CR/454/2024 filed on Aug. 30. The defendants include Michael Adaramoye also known as Lenin;…

The Presiding Judge, Calabar Judicial Division of the National Industrial Court, Hon. Justice Sanusi Kado has declared the purported dismissal of Corporal Gerald Abang from service of the Nigeria Police Force as wrongful, null and void having not been done in accordance with the law. The Court held that the Reviewing officer who recommended the…

The Federal Government has raised over $900million from its first-ever Domestic Federal Government of Nigeria (FGN) US Dollar Bond issuance. The Debt Management Office (DMO) described the achievement as a pivotal step in Nigeria’s economic development. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, in a statement, said the bond…