Tag: nigerian energy

The Nigerian Electricity Regulatory Commission, NERC, has disclosed that electricity subsidies payable by the Federal Government for the month of December has increased by 2.76 percent to N199.64 billion from N194.26 billion incurred in November. The Commission in its December 2024 Multi-Year Tariff Order, MYTO, posted on its website retained electricity tariff across all customer…

The National Agency for Food and Drug Administration and Control (NAFDAC) has identified Eziukwu Market, also known as Cemetery Market, in Aba, Abia State, as a hub for the production and distribution of fake and substandard products. This revelation follows a recent operation led by NAFDAC’s Director for the South-East Zone, Mr. Martins Iluyomade, on…

The Central Bank of Nigeria (CBN) has issued a new directive to regulate agent banking operations in the country, with the aim of encouraging electronic payment adoption and enhancing Nigeria’s cashless economy drive. The circular, signed by Oladimeji Yisa Taiwo for the Director of the Payments System Management Department, was released on Tuesday, December 17,…

A Bayelsa State High Court has convicted Governor Duoye Diri’s Senior Special Assistant on General Duties, Mr Prudent Oguruguru, of charges of assault. Oguruguru was arrested on February 20, 2024 for allegedly assaulting one Ubong Effiong Ubek at Agudama-Epie in the Yenagoa Local Government Area of Bayelsa State. The victim was said to have become…

Port users have condemned the introduction of an $8,000 “cleaning fee” by general cargo terminals, calling it an unjustified burden on shipowners. They questioned what exactly is being cleaned at the ship site that warrants $8,000, calling on the Nigerian Shippers’ Council (NSC) to urgently address the issue. They also lamented the lack of insurance…

An Osun State High Court sitting in Ilesa has issued an order restraining the Osun State Governor, Ademola Adeleke, and Ilesa kingmakers from appointing Prince Adesuyi Haastrup or any other person as the Owa Obokun of Ijesaland. The interim order also prevents the respondents from taking any further steps regarding the vacant stool of the…

The Minister of Aviation and Aerospace Development, Festus Keyamo, says the Fly Nigeria Act will transform into law under his watch. The minister lamented that the document, which is expected to make it mandatory for government-financed air transportation of government personnel, contractors, grantees, and properties to be carried by Nigeria Air Flag Carriers, has yet…

The Economic and Financial Crimes Commission (EFCC) has arraigned the duo of Ekpe Anayaoha Okoronkwo and Umeonuoha Onyinye, staff of Zenith Bank, for allegedly selling newly-minted N500,000 (Five Hundred Thousand Naira). The Enugu Zonal Directorate of EFCC arraigned the suspects on Thursday, December 12, 2024, before Justice Mohammed Garba Umar of the Federal High Court…

A firm, Nextdora Nigeria Limited, has urged an Abuja High Court to restrain the Minister of Federal Capital Territory (FCT), Nyesom Wike, and others from selling its landed property. The property is located at Plot No. 4411, Cadastral Zone A09, Guzape District, Abuja. Nextdora Ltd, in a fresh suit marked: CV/5517/24 and filed by its…

Human rights activist Olamide Thomas has filed a lawsuit against the Nigeria Police Force at the Federal High Court in Abuja, alleging gross violations of her fundamental rights following her arrest on December 13, 2024. The suit, filed on December 17 with case number FHC/ABJ/CS, names Inspector General of Police Kayode Egbetokun, the Nigeria Police…

The National Agency for Food and Drug Administration and Control, NAFDAC, said on Tuesday the agency is launching legal proceedings against the manufacturer of Lung Detox Tea and the maker of the circulating online viral video that accused the agency of accepting financial inducements to approve the controversial product. Meanwhile, the agency said while the…

The Peoples Democratic Party (PDP) in Delta State has filed a lawsuit against Rt. Hon. Erhiatake Ibori-Suenu, the member representing Ethiope Federal Constituency, at the Federal High Court in Warri. The PDP is seeking a court declaration to have her seat declared vacant following her recent defection to the All Progressives Congress (APC). In an…

Mr Wale Edun, Minister of Finance and Coordinating Minister for the Economy, on Monday said the N13 trillion deficit in the N48 trillion 2025 budget would be financed through borrowing. The minister said this while briefing State House Correspondents after the Federal Executive Council (FEC) meeting at the Presidential Villa, Abuja. The News Agency of…

Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell Plc., has announced a final investment decision (FID) on Bonga North, a deep-water project off the coast of Nigeria. Bonga North will be a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility, which Shell operates with a 55%…

The Nigerian National Petroleum Company Limited (NNPCL), has said that it took decisive action to facilitate the securing of the $3 billion gazelle loan in order to help tackle the nation’s ongoing foreign exchange (FX) challenges. NNPC also said that a strategic decision to secure a $1 billion loan backed by its crude was instrumental…

A Kano Magistrate Court 45 has convicted a man for stealing a sack of groundnut. After pleading guilty to the theft charge, the court held that the convict, Abdurrashid Ahmad, AKA Dan Magaji of Kofar Yamma, Kafin Chiri, Garko LGA should receive 20 strokes of the cane. Justice Haulatu Magaji also ordered that he should…

The Federal High Court sitting in Kano, presided over by Honourable Justice M. N. Yunusa, has commenced winding up proceedings against Teuton Industries Ltd., a company jointly owned by the late AVM Hamza Abdullahi and the late Alhaji Isa Abdullahi. The suit, filed under suit No. FHC/KN/CS/378/2024, reveals that the late AVM Hamza Abdullahi, former…

*Begins recess till January 6 THE Federal Government has approved free train service nationwide starting from December 20, 2024 to January 6, 2025 to help caution high transportation fare during the Christmas season. Minister of Information and National Orientation, Mohammed Idris disclosed this while briefing State House correspondents at the end of the Council meeting,…

The Economic and Financial Crimes Commission, EFCC, has re-arraigned a former managing director of the defunct Bank PHB Plc (now Keystone Bank Limited), Francis Atuche, and two others before the Special Offences Court sitting in Ikeja, Lagos on a nine-count charge bordering on conspiracy to commit felony and forgery. Atuche and the two others, Nnosiri…

A court order issued by Justice Chukwudi Okaa of the Atani High Court in Anambra State enabled the Okpoko community in Ogbaru Local Government Area to conduct a peaceful election for the Okpoko Community Development Union (OCDU) on Friday, despite efforts by police to disrupt the process. Police from the Okpoko Divisional Headquarters arrived at…