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The execution of the nation’s $2.8 billion Ajaokuta-Kaduna-Kano, AKK gas pipeline project was boosted, weekend, through the delivery of 96 pipes from Warri to Itakpe in Kogi state.
Oando shareholders in the persons of Alhaji Yakubu Gumel; Alhaji Kabiru Tambari, suing for himself and on behalf of the Sokoto Zone Shareholders Association; Tunde Badmus, suing for himself and for the benefits of Pacesetters Shareholders Association, bagged yet another win at the Federal High Court (FHC) Kano, in a suit filed against the Securities and Exchange Commission (SEC) for overreaching its powers.
On Thursday, February 25, 2021 in a ruling presided over by Justice Giwa Ogunbanjo at the Federal High Court, Abuja, the judge declined jurisdiction to hear suits brought by Oando PLC and its directors against the Securities and Exchange Commission (SEC). The judge stated that the Investment and Securities Tribunal (IST) would be the appropriate forum to hear the matter.
Multiple Oando shareholders challenge SEC as court restrains commission from carrying out actions against...
The Securities and Exchange Commission (SEC) was slammed another lawsuit by displeased shareholders of Oando PLC at the Federal High Court Kano on Friday, February 19, 2021. The shareholders filed for an interim order restraining SEC, its agents or representatives from acting on its May 31, 2019 letter sanctioning the Management of Oando.
The disgruntled shareholder, filed that the directive of the SEC suspending Oando's Annual General Meeting is in breach of his right to freedom of association as guaranteed under Section 40 of the Nigerian Constitution and Articles 9, 10 & 11 of the African Charter on Human and Peoples Rights.
The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh, says the Badagry Deep Seaport project in Lagos State is a strategy to the development of Nigeria as a global maritime hub.
Nigerian Stock Exchange (NSE) on Thursday reversed its uptrend, dropping by N2 billion ahead of the Christmas celebration.
The Nigerian Stock Exchange (NSE) gained N334 billion on Monday due to buying interest in Dangote Cement and 22 other stocks.
Oando Plc, an integrated energy company, has blamed the Securities and Exchange Commission (SEC) for its inability to submit third quarter (Q3) 2020 financial results.
Nigerian Stock Exchange closed southward on Tuesday for the second consecutive day, with market capitalisation shedding N279 billion.
A 38-year-old Manager, Ademola Olayemi, on Tuesday, appeared before an Ikeja Chief Magistrates Court for allegedly stealing his employer’s N1.487 million.
Investors on the Nigerian Stock Exchange on Friday traded 637.49 million shares worth N5.23 billion transacted in 6,354 deals.
The Nigerian equities market resumed November trading with a loss of 0.17 per cent, halting the six-day bullish run on the back of profit taking.
The Nigerian Stock Exchange (NSE) on Friday moved 419.66 million shares worth N3.79 billion in bullish trading.
Petrol stations across the country, yesterday, adjusted their pumps to reflect the hike in the ex-depot price of the Premium Motor Spirit, PMS, by the Petroleum Products Marketing Company, PPMC, with some of the stations raising the price to as high as N161 per litre.
The Nigerian Stock Exchange (NSE) has announced the upgrade of its whistleblowing platform, X-Whistle.
An engineering company operating in the Oil and Gas sector under the aegis of DE COON Services Limited has petitioned the House of Representatives over several contracts scams and non-payment of the sums of over $30m and N70M owed it by Nigeria Agip Oil Company, NAOC.
The Department of Petroleum Resources (DPR) in Bauchi, has cautioned retailers against the circulation of substandard Base Oil (Lubricant) products.
Mr Emeka Okwuosa, Chairman Oilserv Ltd., says the Ajaokuta-Kaduna-Kano (AKK), gas pipeline project is commercially viable and can service its loan before the stipulated time frame.
Leicester City manager Brendan Rodgers has hailed the partnership between Kelechi Iheanacho and Jamie Vardy as a "real threat" to their oppositions.
Following the violent crisis that engulfed Billiri town in Gombe State between February 17 and 20, 2021 over the Mai Tangale stool tussle, leading to loss of lives and property, the Governor Muhammadu Inuwa Yahaya, on Monday, inaugurated an 11-man Commission of Inquiry to ascertain the immediate and remote causes of the crisis with a view to preventing future occurrence.
Minister: Nigerian government rejected governors’ request to borrow from central bank for March shortfall
The federal government turned down a request by state governors to borrow from the Central Bank of Nigeria (CBN) to augment the N50 billion federation account allocation committee (FAAC) shortfall in March.
Maj.-Gen. Taoreed Lagbaja, the General Officer Commanding, 82 Division, Nigerian Army, has charged soldiers to be combat ready and maintain physical fitness.
Some Abuja-based lawyers on Monday called for review of laws which provisions no longer reflect realities to advance justice administration in Nigeria.
Former Nigeria international and Athletics coach, Deji Aliu, has stated that Athletics at the just concluded National Sports Festival was very encouraging after personally assessing the timing and output of athletes at the Athletics events of the festival.
Governor Nyesom Ezenwo Wike of Rivers State has said that the claims by Governor Godwin Obaseki of Edo State that the Federal Government printed about N60 billion to share to the federating units in March could not be regarded as spurious after all.
Borno State governor, Prof. Babagana Zulum, has assured parents of the remaining 112 Chibok schoolgirls still in the captivity of Boko Haram terrorists, that President Muhammadu Buhari was not losing hope until the girls regain their freedom.
The leader of Mali’s Tuareg-led rebel alliance has died from gunshot wounds sustained in an attack by unidentified gunmen outside his home on Tuesday, a movement spokesman and Mali’s government said.
Ahead of their FA Cup semifinal, Tuchel says while there is a huge gap between the two sides at present, Chelsea will do all they can to make sure they are fighting for the title next season.