Tag: nigerian energy

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…

The Standards Organisation of Nigeria has stated that it will wield the big stick on erring manufacturers and distributors who indulge in the illicit trade of substandard steel in the country. The Chairman, Special Task Force, SON, Enebi Onuchenyo, at a stakeholders meeting with manufacturers and distributors of steel and iron rods in Lagos on…

The Nigerian National Petroleum Company Limited has demanded a refund of N4.71tn from the Federal Government to settle outstanding debts used to import Premium Motor Spirit, popularly called petrol, into the country. The claim was listed as “Exchange rate differential on PMS and other joint venture taxes” on petrol products imported by the company between…

A High Court in Enugu State has issued an injunction preventing Ugochukwu Agballah from presenting himself as the chairman of the All Progressives Congress (APC) in Enugu State. The court order, obtained by our correspondent on Friday, was signed by J. I. Agu, Esq, Deputy Chief Registrar 1. The following individuals were also prohibited from…

Popular Nollywood actress, Ini Edo, has lost to Chineye ‘Chi Chi’ Nworah over the ownership of Netflix original, ‘Shanty Town.’ In a significant legal victory for the filmmaker and her production company GCM Giant Creative Media Limited, the Nigerian Trademark Registry and the Nigerian Copyright Commission ruled against Ini Edo. This follows a series of…

The Kano State Government has filed a fresh fraud charge against the immediate past governor of the state, Dr Abdullahi Ganduje, his Commissioner for Local Government, Murtala Garo, and two others. According to the charge sheet, Garo, Lamin Sani and Muhammad Takai were charged with criminal conspiracy, criminal breach of trust, making false statements or…

Dangote Industries Limited, DIL, has said it has never accused the Nigeria National Petroleum Company Limited (NNPCL) of not supplying crude to its refinery in Lagos. Dangote said this in a statement on Thursday while reacting to claims that it has backtracked from its earlier claim that the NNPCL was not supplying crude for the…

The Federal High Court sitting in Lagos has granted leave to Brightwaters Energy to advertise the winding up of Eroton Exploration & Production Company which owes it a consent judgment debt of $20 million. Justice Akintayo Aluko, in a ruling on Wednesday, a copy of which was obtained by our correspondent on Thursday, August 8,…

Francis Ogundeji, Baale of Ebute Ipare in Ilaje local government area, and Ikuejamoye Thomas have been sentenced to three years in prison for disobeying a court order. The Chief Magistrates Court in Igbokoda presided over by Senior Magistrate E.A. Manuwa, convicted them on charges of contempt of court and falsehood. The case involved allegations that…

The federal government says there will be tax breaks for companies that employ more staff. A tax break is a benefit that the government offers in terms of tax deduction, credit, exemption, or exclusion that helps individuals and businesses save money on their tax bills. Speaking during an interview on AIT on Tuesday, Wale Edun,…

Justice Rabiu Gwandu of the National Industrial Court, Lagos Division, has rejected an application praying the court to stay execution of N1, 086,611,589.11 judgement awarded in favour of former employees of the defunct Oceanic Bank International, as payment of their gratuities, and severance allowances. The court in its ruling refused the application to stay execution…

IHS in Nigeria, a subsidiary of IHS Holding Limited (IHS Towers) and MTN Nigeria, today announced an agreement to renew and extend all Nigerian tower Master Lease Agreements until December 2032, covering approximately 13,500 tenancy contracts. The shared communications infrastructure stated that these new terms also cover 1,430 tenancies (including new colocations) from the 2,500…

*Lawyer Claims Rivers Assembly Speaker Filed Suit Without Authorisation, Seeks To Join As Co-Plaintiff *As Counsel Argues Former Rivers Assembly Speaker Cannot Institute Action After Crossing to APC There was confusion in a Federal High Court in Abuja, on Wednesday, as two counsel announced appearance for Rivers House of Assembly in a suit seeking an…

The Group Chief Executive Officer of NNPC Limited, Mr. Mele Kyari has said the company has not breached any of the enabling laws guiding its dealings with partners, hence should be counted out of any claims of economic sabotage. Kyari, who was addressing the Senate Ad-Hoc Committee investigating alleged economic sabotage in the Nigeria Petroleum…

*Approves N1495/US$ Cut Off Rate, Publishes Total Bids For Transparency In Forex Auction Process The Central Bank of Nigeria (CBN) said it disqualified $313.69 million foreign exchange bids from six banks on Tuesday. According to CBN, the disqualifications were due to four banks submitting bids after the 3:00 PM cutoff time and two banks failing…

Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has dismissed allegations that staff of the company are behind substandard importation of petroleum products into the country. Speaking Wednesday when he appeared before a Senate Ad-hoc Committee over alleged economic sabotage in the petroleum industry, Kyari said he as…

A former Commissioner for Insurance and Chief Executive of the National Insurance Commission (NAICOM), Mr Mohammed Kari, has written to the Commission, kicking against the registration of NPF Insurance Company Limited. Mr. Kari based his objection on the premise that the core operations of the Nigeria Police Force are fundamentally at odds with commercial activities,…

A Federal High Court sitting in Lagos has ordered the state government to take all necessary steps to ensure an investigation into the death of Pelumi Onifade, a 20-year-old reporter with an online television channel, Gboah TV. Justice Olayinka Faji also ordered the Lagos State Government to conduct a coroner’s inquest to ascertain the cause…

The Central Bank of Nigeria (CBN) has given a node for the merger arrangement between Unity Bank and Providus Bank. The bank’s spokeswoman, Mr. Hakama Sidi Ali gave the indication in Abuja, last night. A statement by Mrs. Sidi Ali reads in full, “The Central Bank of Nigeria (CBN) has granted approval for a pivotal…