Tag: nigerian energy

The Presiding Judge, Enugu Judicial Division of the National Industrial Court, Hon. Justice Oluwakayode Arowosegbe has declared that Engr Luke Mmamel is entitled to his pension rights as a confirmed Director of Works Services of Enugu Institute of Management and Technology. The Court ordered Enugu Institute of Management and Technology to pay Engr. Luke all…

There are strong indications that the Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit popularly known as petrol nationwide. A video sighted on Tuesday morning revealed that the product sold for N855 per litre at an NNPCL filling station in Ikoyi, Lagos, up from N568. This is coming…

*Says We Are Financially Capable To Meet Demands Of Nigeria, Other Countries Aliko Dangote, the Chairman of Dangote group, has disclosed that the 650,000 bpd refinery will ensure availability Premium Motor Spirit (PMS), also known as petrol, in Nigeria. Dangote made this promise while addressing the press during the official rollout of petrol from the…

A Chief Magistrate Court in Akure, the Ondo State capital, has remanded three men at the correctional centre over the alleged killing of a farmer, Sunday Ayeni, in Uba-Akoko, in the Akoko South-West Local Government Area of the state. A few weeks ago, the lifeless body of the 36-year-old farmer was found in a pool…

Justice Deinde Dipeolu of the Federal High Court in Lagos on Monday granted N20m bail to two staff members of Keystone Bank Limited, Ebele Okpala and Perpetua Onyeto, over alleged obtaining of N35m. Okpala and Onyeto were granted bail after their counsel argued the bail application brought before the court. The duo were arraigned on…

The Nigeria Civil Aviation Authority (NCAA), has clarified why the United States Federal Aviation Administration (US FAA) delisted the country from its Category One Status. A statement by Capt. Chris Najomo, the Acting Director-General, Civil Aviation, said that the USFAA removed the country from the prime status following the fact that none of the country’s…

The Nigeria Police Force (NPF) has formally charged Isaac Bristol, also known as PIDOM, with six counts at the Federal High Court in Abuja. The charges come after PIDOM’s 28-day detention without formal charges, which sparked widespread condemnation from human rights groups, including Amnesty International. According to court documents, PIDOM, a self-proclaimed whistleblower, faces charges…

Nigeria’s Dangote Oil Refinery has begun processing gasoline after delays caused by recent crude shortages, an executive said on Monday. The $20 billion refinery on the outskirts of Lagos, built by Nigerian billionaire Aliko Dangote, began operations in January with output of products including naphtha and jet fuel. With a capacity of 650,000 barrels per…

The Economic and Financial Crimes Commission (EFCC) has countered the claims of deteriorating health condition by the family and legal team of detained Binance executive, Tigran Gambaryan, who is facing money laundering charges in Nigeria. Recall that the family claimed that Gambaryan “can no longer walk” due to health concerns involving a herniated disc. EFCC’s…

The Nigerian government has charged seven suspects, including two Chinese nationals to court over alleged illegal mining activities in Kogi and Ondo states. The suspects were arrested in a recent operation carried out by Mining Marshals, an enforcement unit tasked with regulating and securing the country’s mining sector. This was disclosed in a statement released…

Justice Emeka Nwite of the Federal High Court in Abuja has remanded 10 #EndBadGovernance protesters in prison. The judge, on Monday, remanded nine male protesters in the Kuje prison while a female protester was remanded in Suleja. The court also fixed September 11 for trial and ruling on bail application by the protesters. This followed…

A cross-section of Nigerians have expressed reservations about the inability of BUA Cement to keep to its promise of reducing the price of cement in the country. This is coming on the heels of the statement credited to the Chairman of BUA Cement, Abdul Samad Rabiu, where he stated that cement dealers frustrated his company’s…

A federal high court in Abuja has summoned Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), to appear before it regarding the money laundering case brought against Binance Holdings Limited and its executives. Cardoso is to appear before the court with specific documents on September 2. Although Emeka Nwite, the presiding judge, had…

A law firm, Sovereignty Legal Practitioners, has made a threat to institute what it termed a class action against British Airways due to the alleged systematic inhuman treatment of Nigerian passengers using the airline. According to a pre-action letter to the airline dated August 30, 2024, and signed by its Principal Partner, Ife Ajayi, the…

The Nigerian National Petroleum Company Limited (NNPCL) has acknowledged experiencing financial difficulties due to the cost of supplying Premium Motor Spirit (PMS) petrol, which has been affecting the sustainability of its supply operations. The NNPCL’a Chief Corporate Communications Officer, Mr. Olufemi Soneye disclosed this in a press statement on Sunday, September 1. The statement said:…

The Securities and Exchange Commission (SEC) says it has implemented a series of initiatives aimed at reducing the time it takes for companies to list their shares on the Nigerian stock exchange. A statement from the SEC on Sunday, September 1, said the reforms are part of a broader effort to improve the efficiency, attractiveness,…

The National Association of Nigeria Travel Agencies is set to meet with representatives of Emirates to deliberate on the airline’s decision to sell tickets in dollars to Nigerians. The former President of NANTA, Susan Akpdoriaye, expressed frustration over the situation, saying, “Emirates cannot come out in the open and say they want to sell in…

The Central Bank of Nigeria (CBN) has terminated the appointments of all executive directors at the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL). The decision, approved by CBN Governor Olayemi Cardoso on Friday, marks the latest in a series of layoffs at the apex bank since his assumption of office last year. The…

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Senate President, Mr Godswill Akpabio and Speaker of House of Representatives, Mr Tajudeen Abbas over “the failure to end the apparently unlawful practice by the National Assembly of fixing its allowances and running costs, and the failure to account for the monthly running…

Dark and tall with a beard trimmed to perfection, he was an incredible . for the dark-blue Air Force uniform. Group Captain Nnaemeka Badaru had just retired from the force and itching to leave the Sam Ethnan Air Force Base in Oshodi, Lagos State, for his palatial house in Abuja, where his wife, Alhaja Zainab,…