Tag: nigerian energy

Residents of Jigawa and Yobe states are currently experiencing darkness after a moving trailer ran into Transmission Company of Nigeria, TCN, tower located in Gunduwawa in Gezawa LGA of Kano state. TCN General Manager of public affairs, Ndidi Mbah disclosed this in a statement on Monday. According to her, the incident happened on Sunday, leading…

A businessman, Chief Nnamdi Vincent Ezenwa, has told the Federal High Court sitting in Lagos that a customer recommended by the United Bank For Africa (UBA) duped him of $900,000 in a fraudulent forex deal. Ezenwa, the MD/CEO of Vinna Investment Limited, spoke as the star prosecution witness in the trial of five defendants –…

A Federal High Court, sitting in Lagos on Monday has dismissed the applications filed by two Indian nationals, Prem Garg, Devashish Garg and a Briton, Marcus Wade, to quash a bench warrant issued for their arrest and extradition, issued against them on alleged $42,485,900 million USD fraud, for lacking in merit. The two Indians and…

A divorcee, Maryam Najib, on Monday, begged the Shari’a court sitting at Magajin Gari, Kaduna, to grant custody of her two boys aged 10 and eight years to their father, Abdulkarim Muhammad. The complainant, who spoke through her counsel, Kabir Al-Hassan, said she had been divorced from the defendant since 2016, adding that since then,…

The Minister of Aviation and Aerospace Development, Festus Keyamo, has written to the UK’s Secretary of State for Transport, Louise Haigh, over the non-availability of slots for Nigeria’s flag carrier, Air Peace, at Heathrow airport. Air Peace currently operates from Gatwick which is a second-tier airport, due to the fact that it was unable to…

The Federal High Court sitting in Abuja has dismissed an application seeking an order of interim injunction restraining Nigerian protesters under different platforms from continuing with the ongoing protests using the hashtags #EndBadGovernanceInNigeria. Messrs Danladi Goje, Buky Abayomi, Adiza Abbo, and thirteen other Nigerians had on August 12, 2024 filed the motion ex-parte seeking the…

The Federal Competition and Consumer Protection Commission (FCCPC) has announced its plans to engage market leaders and others in the supply and distribution chain across Nigeria to address the issue of exploitative pricing of consumer goods. The initiative, which will commence in the coming days, is part of a broader effort to protect consumers from…

The crisis rocking the All Progressives Congress (APC) in Rivers State took another twist on Monday, August 12, as the State High Court in Port Harcourt dissolved the seven-member Caretaker Committee led by Chief Tony Okocha. The ruling, delivered by Justice Sika Aprioku, came in response to a suit filed by Sam Sam Etetegwung, Barnath…

Two truck drivers, Azeez Hassan and Musa Mohammed, have been granted N1m bail each after their arraignment before a Lagos State Magistrate Court for allegedly diverting 28,000 tons of cashew nuts worth N28m. Hassan, 41, and Mohammed, 36, were, on Friday, arraigned before the Ebute-Metta Magistrate Court. The truck drivers whose addresses were not given…

The plaintiff in a mining dispute case before the Federal High Court in Abuja has filed an appeal challenging parts of the court’s earlier judgment. The case, Igweajah Pius Ogbonnia v. Zotmann Minning Ltd & 5 Ors (Suit No: FHC/ABJ/CS/320/2021), was heard by Justice I. E. Ekwo on Thursday, July 4, 2024. Emmanuel Emerenini, Esq.,…

The Nigeria Deposit Insurance Corporation says it has disbursed the insured deposits of N5 million each to 82.36 per cent of the total customers of the defunct Heritage Bank. It also noted that 17.64 per cent of the insured deposits still pending payment mainly belong to depositors with accounts that have Post-No Debits instructions or…

Justice Akintayo Aluko of the Federal High Court, sitting in Lagos, has permitted the National Drug Law Enforcement Agency (NDLEA) to further remand the alleged drug lord, Sulaimon Jimoh, alias “Olowo Idi Ogede,” for another 14 days. Justice Aluko extended the remand order of the alleged drug lord, who is also known as Temo, on…

The Central Bank of Nigeria (CBN) recently conducted a significant retail Dutch Auction, selling $876.26 million to 26 qualified banks in an effort to alleviate demand pressure in the foreign exchange (FX) market and promote price discovery. However, the auction saw the exclusion of six prominent banks, including United Bank for Africa (UBA), Wema Bank,…

Billionaire Tony Elumelu has tasked security agencies to expose those who steal the country’s crude oil, especially using vessels that move through the territorial waters. Elumelu said this in an interview published in the Financial Times on Friday. Elumelu claimed that the threat was a factor in foreign oil corporations pulling out of Nigeria. He…

The management of Dangote Petroleum Refinery and Petrochemicals has reacted to a statement by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), claiming to have facilitated 29 million crude oil barrels to the 650,000bpd Dangote refinery. In a statement on Friday signed by Anthony Chiejina, Group Chief, Branding and Communication for Dangote Industries Limited, the Refinery…

The World Bank Group Finances has revealed that the Federal Government is still repaying $10.6bn in loans obtained under former Presidents Olusegun Obasanjo, late Umaru Musa Yaradua, and Goodluck Jonathan. Recall that in June 2024, the Debt Management Office said as of March 31, 2024, Nigeria’s domestic and external debts stood at N121.67tn ($91.46bn). The…

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has denied insinuations by the management of the Dangote Petroleum Refinery that it has not properly enforced the domestic crude supply obligation (DCSO). In a statement in Abuja on Friday, the NUPRC said it facilitated the supply of 29 million barrels of crude oil to the Dangote refinery…

The Chief Magistrate’s Court, Wuse Zone 6, has summoned popular Nollywood actress Tonto Dikeh and her bodyguard, one Gbenga, for alleged assault and trespass. The suit, with case number CR/359/2024, was filed by the Chief Executive of Skyewise Group Limited, Elvis Abuyere, the owner of an Abuja-based car dealership company. In the court summons dated…

Management of Dangote Petroleum Refinery has urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), to enforce the domestic crude supply obligation as specified in the Petroleum Industry Act (PIA), insisting that refineries in Nigeria should be allowed to buy crude directly from the companies that produce it in Nigeria rather than from international middlemen, as…

A Federal High Court sitting in Kaduna has declined jurisdiction in the suit filed by a former governor of Kaduna State, Nasir El-Rufai, against the state House of Assembly. El-Rufai had on June 26, through his counsel, Abubakar Mustapha (SAN), filed the suit over allegations by the house that N423 billion was diverted during his…