Tag: nigerian energy

The Minister of Aviation and Aerospace Development, Festus Keyamo, has stated that five Nigeria Airports are set for concession. The Minister made this known while receiving the Regional Vice President Africa and Middle east of the International Air Transport Association (IATA) at the Ministry’s headquarters in Abuja. He said the five International Airport for concession…

The Federal Government has rescinded its decision to ground 60 private jets owned by various individuals in Nigeria over unpaid import duty running into several billions of naira. On Monday that the government through a directive from the Nigeria Customs Service to the Nigeria Airspace Management Authority was expected to have grounded the defaulting jets.…

Two Nigerian cryptocurrency dealing companies have agreed to refund a total of 160,000,000 Nigerian Naira (approximately $340,000) to the federal government after being accused of conducting financial transactions without proper licensing. Paparaxy Global Ventures Limited and Lemskin Technologies Limited entered into a plea bargain agreement with the Economic and Financial Crimes Commission (EFCC), Nigeria’s anti-graft…

A Federal High Court in Kano sentenced Nasiru Isa, 33, to seven years in prison on Monday for sexually exploiting an 11-year-old girl. Isa pleaded guilty to a one-count charge of sexual exploitation. Presiding judge, Justice S.M. Shu’aibu, found Isa guilty and handed down the sentence without the option of a fine. Additionally, the court…

Human rights activist and lawyer Maxwell Opara has filed a lawsuit at the Federal High Court in Abuja against the Federal Ministry of Education, Joint Admissions and Matriculation Board (JAMB), and National Universities Commission (NUC) over their controversial minimum age policy for university admissions in Nigeria. The suit, filed on behalf of Opara’s 15-year-old son…

Nigeria’s national electricity grid experienced another collapse on Monday, October 14, 2024, at approximately 6:18 pm, leaving millions of Nigerians without power. This marks the latest in a series of grid failures that have plagued the country’s power infrastructure. According to data from the national power grid, electricity generation dropped sharply from 3.87 gigawatts at…

The former acting Accountant-General of the Federation (AGF), Anamekwe Nwabuoku, has proposed a plea bargain agreement to the Economic and Financial Crimes Commission (EFCC) over the alleged N1.6 billion fraud. EFCC’s lawyer, Ogechi Ujam, informed the trial judge, James Omotosho of the Federal High Court in Abuja, upon resumed hearing on Monday. When the matter…

A Bureau De Change operator, Suleiman Babangida Sani has instituted a fundamental rights enforcement suit against the Economic and Financial Crimes Commission, EFCC, for alleged arrest, torture, and illegal detention without trial. The applicant through his lawyer, Edwin Anikwem, SAN is also praying the court for an order mandating the EFCC to pay him N200million…

The Central Bank of Nigeria (CBN) has assured Nigerians, particularly businesses, that the country will not experience hyperinflation, despite ongoing inflationary pressures. The bank noted that its monetary policy approach is aimed at reducing inflation while ensuring that businesses remain operational. Speaking at a panel discussion titled “Fiscal and Monetary Policy Reforms: Removing Barriers to…

Hon. Justice Elizabeth Oji of the Lagos Judicial Division of the National Industrial Court has declared the employment termination of Engr. Agbo by the Dangote Cement Plc as wrongful and contrary to the employment contract between both parties. The Court ordered Dangote Cement Plc to pay Engr. Agbo the sum of N5m as damages for…

The Police on Monday re-arraigned four bloggers, Precious Eze, Olawale Rotimi, Rowland Olonishuwa, and Seun Odunlami, on fresh charges before the Federal High Court in Lagos for allegedly cyberstalking and publishing false allegations through various social media outlets against Guaranty Trust Holding Company. The defendants are facing 10 counts of conspiracy, cyberstalking, false and misleading…

The price of Liquefied Petroleum Gas (LPG), also known as cooking gas, has reached an alarming high of N1,500/kg in some retail outlets in Ogun and Lagos States. This sharp increase has left many Nigerians struggling to afford the essential commodity, with the average price for refilling a 12.5kg cylinder of cooking gas in Abuja…

The Lagos High Court, Ikeja will on December 10 deliver judgment in a N1.060billion fundamental rights enforcement case filed by two traumatised parents, Mr Steven Amos and his wife Doris, over the sudden disappearance of their son, Kingsley Amos, 14 years ago. Justice L.A.F. Oluyemi adjourned for judgment following the inability of the respondents to…

The Group Chief Executive Officer (GCEO) of Nigerian National Petroleum Company Ltd (NNPC Ltd), Mele Kyari, has said that the removal of fuel subsidy in Nigeria has reduced arbitrage. He explained that it has brought about price parity and equalization, especially with the cross border of prices of fuel. He spoke in an interview with…

God is Good Motors (GIGM), a prominent Nigerian transportation company, has confirmed that passengers traveling on one of its buses from the Utako terminal in Abuja to Port Harcourt, Rivers State, were abducted en masse by unknown kidnappers on Friday, October 11, 2024. The company released an official statement at approximately 8:00 p.m. on Saturday,…

Mr. Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, has clarified that the recommendation is in respect of Value Added Tax (VAT) revenue, not the overall FAAC allocation. While reacting to a report published by an online news platform TheNigeriaLawyer, the tax specialist via his handle on X.com Sunday, noted that…

The management of Air Peace has stated that its Chief Executive Officer, Allen Onyema, remains innocent in the series of charges levelled against him by the United States Department of Justice. The airline noted that while the case involving its CEO and the airline’s Chief of Administration and Finance, Ejiroghene Eghagha, is still in court,…

The federal government is proposing a major shift in the distribution of funds from the Federation Account Allocation Committee (FAAC). This was revealed by Mr. Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, in a statement on his X (formerly Twitter) handle. Oyedele disclosed that the federal government is set to…

Amid feedstock challenges, the Dangote Group, owners of the Dangote Refinery, will soon commence crude oil exploration. According to reports by S&P Global Commodity Insights, the Dangote Group is looking to start production at its two Nigerian oil assets in the fourth quarter of 2024. The company, which has endured months of crude supply woes,…

The Nigerian Electricity Regulatory Commission (NERC) has enlightened Nigerians that they have a lot of rights that must be met by the service providers. NERC through its Commissioner for Customer Affairs, Aisha Mahmoud, during a 3-day Customer Complaints Resolution Town Hall Meeting admonished Nigerians to be familiar with their rights and ensure they demand it…