Tag: nigerian energy

BRICS has officially expanded its alliance, adding 13 new nations as partner countries, though not as full members. The announcement was made during the BRICS summit held in Kazan, Russia, from October 22 to 24, 2024. The countries are Algeria, Belarus, Bolivia, Cuba, Indonesia, Kazakhstan, Malaysia, Nigeria, Thailand, Turkey, Uganda, Uzbekistan, and Vietnam. With the…

A Federal High Court in Abuja, on Thursday, adjourned hearing in an alleged contempt case filed by the reinstated Deputy Governor of Edo State, Philip Shaibu, against Godwins Omobayo, over alleged refusal to obey court judgment of 4 November. Justice James Omotosho rescheduled the date after the court granted Mr Shaibu’s motion ex-parte seeking an…

An Abuja High Court on Thursday admitted a former deputy director of the Joint Admissions and Matriculation Board, Yisa Usman, to administrative bail. The police charged Mr Usman with character assassination and giving false information to a public servant. Justice H.A. Musa granted him bail after he took his plea, and the prosecution also asked…

THE regulatory arm of the Nigerian Exchange Group (NXG), has suspended the trading of Oando Plc’s shares on the exchange floor for non-compliance with regulatory rules. The suspension takes effect from Thursday, October 24, according to NGX Regulation Limited (NGX RegCo), a wholly-owned subsidiary of the NGX Group. It said Oando, an indigenous oil firm,…

The Federal Government has charged nine individuals and an online news platform with disseminating false information, defamation, and inciting public fear over a report claiming the Department of State Services (DSS) had besieged the National Assembly to facilitate the impeachment of Senate President Godswill Akpabio. The alleged incident was reported to have taken place on…

Dr Ngozi Okonjo-Iweala, Director-General, World Trade Organisation (WTO), has warned Simon Ekpa, a controversial Biafran agitator, to desist from using her name to spread falsehood. Ekpa, in a now-deleted post via X, had claimed the World Bank and the International Monetary Fund (IMF) have agreed to loan $57.5 billion to Biafra Republic Government in Exile…

Esinjemiyotan, the wife of comedian Mr Jollof, has filed a N500 million lawsuit against VeryDarkMan for alleged defamation. The lawsuit follows a series of allegations made by the Abuja-based activist, who claimed Esinjemiyotan used promiscuous means to help the comedian, born Freedom Okpetoritse Atsepoyi, secure his appointment as the senior special assistant (SSA) on new…

The Central Bank of Nigeria has said there are moves to ensure that the foreign exchange market does not depend on the apex bank’s intervention for supply and stability. The CBN deputy governor on economic policy, Mohammed Abdullahi, disclosed this in a presentation on the sidelines of the World Bank/IMF meetings held in Washington, DC.…

A High Court of the Federal Capital Territory on Thursday granted the Economic and Financial Crimes Commission’s application for adjournment in a fresh charge against the immediate-past Governor of Kogi, Yahaya Bello, and two others until Nov. 14. Rotimi Oyedepo, SAN, who appeared for the EFCC, made the oral application before Justice Maryann Anenih. The…

The federal Government has given owners of its titled properties 60-day notice to pay their outstanding ground rent and other statutory charges or face revocation of their Certificate of Occupancy (C of O). The Minister of Housing and Urban Development, Ahmed Dangiwa, gave the ultimatum on Wednesday in Abuja, at the 29thConference of Directors of…

Motorists in the Federal Capital Territory (FCT) continue to face long queues at petrol stations despite the sharp increase in the price of Premium Motor Spirit (PMS), commonly known as petrol. The pump price, which has risen from N195 per litre in early 2023 to between N1,030 and N1,200, has failed to alleviate the city’s…

The last ten days have been filled with frustration and confusion for customers of the Guaranty Trust Bank (GTBank) due to the recent technological upgrade the bank underwent. Guaranty Trust Bank (GTBank) informed its customers of a transition to a new and advanced Finacle Core Banking Application System on Friday, October 11, 2024. The transition…

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, said the Nigerian Inter-Bank Settlement System (NIBSS) will launch a non-resident Bank Verification Number (BVN) platform to enable Nigerians in diaspora operate their local bank accounts by December. Mr Cardoso disclosed this while speaking on the sidelines of the World Bank and IMF meeting…

The federal government has again mandated domestic producers of Liquefied Petroleum Gas (LPG), also known as cooking gas, to stop exporting the commodity. The measure is aimed to mitigate the price of cooking gas that has been soaring steadily. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, who gave the order in Abuja on…

A 41-year-old Canadian lady, Adrienne Munju, was on Wednesday convicted and sentenced to 11 years imprisonment by a Federal High Court in Lagos for importing 74 parcels of Canadian Loud, a strong strain of synthetic cannabis weighing 35.20 kilograms into Nigeria. Munju’s conviction followed her arraignment on two counts charge before Justice Dehinde Dipeolu of…

The Enugu Zonal Directorate of the Economic and Financial Crimes Commission has arraigned one Blessing David-Agwa, a fake fertility nurse, before Justice Mohammed Garba Umar of the Federal High Court sitting in Independence Layout, Enugu State. The EFCC disclosed this in a statement on X.com on Wednesday. According to the EFCC, David-Agwa’s criminal issues began…

The High Court of the Federal Capital Territory (FCT) has reserved judgement in a suit seeking to compel the Nigerian Bar Association (NBA) to provide access to materials used in conducting its July 2024 National Officers Elections. The case, filed by presidential candidate Tobenna Erojikwe, challenges the Electoral Committee’s refusal to release election materials as…

A Kano State High Court on Wednesday, fixed November 20, for hearing of pending applications in the ongoing case of alleged bribery and misappropriation against the National Chairman All Progressive Congress, APC, Dr Abdullahi Ganduje and seven others. The state government had instituted an eight-count charge bordering on bribery allegations, misappropriation and division of public…

The Benue State High Court sitting in Makurdi has declined a motion seeking an investigation of the Court Registry. The decision was made on Wednesday, with the court subsequently fixing the 30th of October 2024 for the hearing of all other applications and the substantive suit. The motion, brought forward by the All Progressives Congress…

The Probate Registry of the Lagos High Court has asked Christian Chukwuka Wigwe to enter an appearance within eight days over a caveat he entered regarding the estate of his “cousin’ the late Access Bank Chief Executive Officer, Herbert Wigwe. Christian is seeking to challenge the distribution of the late Wigwe’s estate as outlined in…