Tag: nigerian energy

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…

A Lagos High Court sitting in Igbosere has extended an earlier order restricting protesters in Lagos to Freedom and Peace Pack in the Ojoto and Ketu areas of the state. Justice S.I. Sonaike gave the order following an application by the Lagos State Attorney-General and Commissioner for Justice, Lagos State, Mr Lawal Pedro, SAN, for…

A Kano State Mobile Court in Kano State on Tuesday ordered the remand of 632 protesters for alleged vandalism of public and government properties during the #Endbadgovernance nationwide protest. The defendants are charged with criminal conspiracy, theft, unlawful assembly, inciting disturbance, trespass and mischief by fire. The court was presided over by three senior judicial…

Buyers of Casino Heights may lose the title following a disagreement between Wemabod Limited, the original owners of the land, and GTL Properties Limited, over the development agreement between the parties. Casino Heights is situated at 206, Herbert Macaulay Way, Lagos Mainland Local Government Area, Yaba, Lagos State. WEMABOD Limited through its lawyer, Gboyega Oyewole…

A Delta State High Court sitting in Bomadi has ruled that Egrangbene, an Ijaw community in Burutu Local Government Area (LGA), is “autonomous, distinct and separate” from others in the council area, including Oporomor clan/kingdom. Justice S. O. Adolor gave the judgment in Suit No: HCB/16/202. Parts of the judgment read thus: “Flowing from the…

The Multidisciplinary Finance Professionals (MFP) Group has asked the government to stop the dollarisation of international transactions and floating of the Nigerian currency as part of strategies to address the devaluation of the currency. These were contained in the communiqué of the group at the end of the sixth edition of its free lecture series,…

Nigeria has been thrown into blackout again following the collapse of the national grid on Monday. Our correspondent gathered that the total generation on the grid was zero at 1:33 pm. It was further found out that on the Independent System Operators website, electricity generated by the 22 generation companies peaked at 4,067.77MW and declined…

Justice Akintayo Aluko of the federal high court in Lagos, on Monday granted a N50 million bail sum to alleged fraudsters who were said to have defrauded MTN Nigeria Communication of the sum of N1.9 billion. The trial judge granted them bail after hearing two separate bail applications filed by the defendants. In addition to…

*Cautions Against Engaging with Unauthorized ‘Nigeria Law Society The Corporate Affairs Commission (CAC) has issued a public notice regarding the legal status of an organization calling itself the “Nigeria Law Society”. According to the notice, this society has not been properly registered with the CAC, which is the sole statutory body in Nigeria responsible for…

The Federal High Court sitting in Lagos, on Monday, voided the sale of Nigeria Air Limited to the Ethiopian Airlines, declaring the deal as null and void. Justice Ambrose Lewis-Allagoa in his judgment stopping the sale, ordered that the proposed establishment of a national carrier-Nigeria Air, by the federal government, should not be carried out.…

The Bank Directors Association of Nigeria (BDAN) has disagreed with the views expressed by the Chairman of First Bank Nigeria (FBN) Holdings, Mr Femi Otedola and his counterpart in Heirs Holdings, Mr Tony Elumelu, over the proposed foreign exchange windfall tax. The association stated that the views expressed by them in support of the tax…

A firm, Haril Global Solutions Limited, has asked a Federal Capital Territory (FCT) High Court, to order Globus Bank Limited to pay it N10 billion in general damages for an alleged breach of loan contract. In the writ of summons instituted against the bank in suit number CV/1456/2024, the firm said the bank allegedly carried…

It is not yet Uhuru for the governorship candidate of the Labour Party (LP) in the September 21, 2024, governorship election in Edo State, Olumide Akpata, as a former governorship aspirant of the party, Mr Kenneth Imansuangbon, has appealed the judgement of the Benin and Abuja Federal High Courts, which affirmed Akpata’s candidature. Dissatisfied with…

The Coca-Cola System in Nigeria has refuted the allegation that it was misleading consumers in Nigeria with deceptive labelling of its products. The Federal Competition and Consumer Protection Commission (FCCPC) recently announced that Coca-Cola Nigeria and Nigeria Bottling Company Limited (NBC) risked being fined for alleged breaches of Consumer Rights Law. But a statement issued…

The Central Bank of Nigeria may print or wire over N746bn as a loan to the Federal Government based on the Ways and Means provision of the CBN Act. In the Act, funds that the apex bank should provide to the Federal Government through Ways and Means is five per cent of the Federal Government’s…

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported a fire incident at Akaso 4 Wellhead operated by NNPC 18 Operating Limited in Rivers State. A statement signed by the head, Public Affairs and Corporate Communication (NUPRC), Mrs Olaide Shonola, and made available to newsmen said the fire which occurred on August 2, 2024, at…

The management of the Kwara State Internal Revenue Service (KWIRS) has denied the insinuation in some quarters that Governor Abdulrahman Abdulrazaq allegedly directed the service to implement discriminatory tax policies against Igbo traders in the state. It is recalled that some members of the Kwara State Igbo Traders Association (KWAITA) recently instituted a legal action…

Nigerian telecom providers have attributed the country’s recent internet disruptions to cable cuts by hoodlums during the #EndBadGovernance protests. This explanation comes after accusations from various organisations that some network providers deliberately interfered with the network to restrict coverage of the demonstrations. Speaking on behalf of telecom operators in Nigeria, Gbolahan Awonuga, the executive secretary…

The Nigeria Civil Aviation Authority (NCAA) has clarified that it did not suspend or halt Arik Air’s flight operations, which continued as scheduled and did not affect the airline’s ability to operate its remaining fleet. The Authority made this clarification in a statement signed and forwarded to journalists in Abuja by Mr Michael Achimugu, the…