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Shareholders of Oando Plc on Tuesday raised concerns on how the Securities and Exchange Commission’s investigation has impacted negatively on the activities of the company, from the reduction in share price to eroding of both local and international investor confidence in the company.
An oil and gas merchant, Capt. Emmanuel Iheanacho, has attributed the persistent scarcity of petrol to monopoly of the product by the Nigerian National Petroleum Corporation (NNPC).
No fewer than 40 vessels are expected to berth at Lagos ports this week, as petroleum products takes the lead with nine tanker vessels laden with Premium Motor Spirit (PMS), otherwise known as petrol, diesel, and aviation fuel.
Against the backdrop of the ongoing fuel scarcity, the prices have skyrocketed as petrol is currently selling at N200 per litre in Lagos, the News Agency of Nigeria (NAN).
Minister of Finance, Kemi Adeosun, says she cannot be blackmailed over her suspension of the Director-General of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo due to alleged fraud, saying that the suspended SEC boss awarded contracts to companies related to him and members of his family.
The Minister of Finance, Kemi Adeosun, on Thursday said her decision to suspend the embattled Director General of the Securities and Exchange Commission, Mounir Gwarzo, followed his attempt to blackmail her over the ongoing probe of Oando Plc.
Federal workers under the auspices of the Association of Senior Civil Servants of Nigeria on Wednesday thrown its weight behind the Federal government over the suspension of Mr Mounir Gwarzo as Director-General Securities and Exchange Commission.
Festus Keyamo, Senior Advocate and Human Rights lawyer, on Wednesday warned against politicizing the investigation of suspended Director General of the Securities and Exchange Commission, SEC, Mounir Haliru Gwarzo.
A Federal High Court sitting in Lagos has struck out a case filed by Oando PLC against the Securities and Exchange Commission (SEC) seeking to stop SEC from conducting a forensic audit on the company and also lift a technical suspension placed on its shares.
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has pledged to deepen support to indigenous companies in Nigeria’s oil and gas industry.
The Nigerian National Petroleum Corporation (NNPC) has pledged to provide more support to indigenous companies in Nigeria’s Oil and Gas Industry.
Super Eagles forward Peter Olayinka has reacted after winning Czech Liga title following Slavia Prague 0-0 draw against arch-rival Sparta Prague in the league encounter at Sinobo Stadium on Wednesday night.
The Nigeria Security and Civil Defence Corps, Akwa Ibom Command, said it has closed 16 illegal private security firms and arrested 30 of their personnel in the last one month in the state.
Carlo Ancelotti says he has been given ‘assurances’ over Everton’s spending power this summer, but remained coy on speculation linking the club with a move for James Rodriguez.
Air Namibia will be allowed to temporarily operate commercial flights after a court late on Wednesday suspended the cancellation of its air licence, the airline said on Thursday.
A Life Camp Magistrates’ Court in Abuja, on Thursday ordered a 30-year-old Labourer, Yusuf Muazu, to sweep the court premises for three hours for stealing a bowl of food and a cup of cold water.
Canadian actor, Nick Cordero, 41, has passed away after suffering from severe medical complications arising from the deadly coronavirus disease.
A Chief Magistrate’s Court sitting in Port Harcourt has remanded four dismissed police officers in the custody of Port Harcourt Correctional facility over the death of an auto mechanic, Chima Ikwunador, while in police custody.
Dr Osagie Ehanire, the Minister of Health, says Nigeria is worried about the impact and effect of COVID-19 on its citizens.
Famed Egyptian actor Ragaa al-Geddawy died on Sunday after contracting the COVID-19 disease, the actors union said. She was 81.
The Chairman, National Hajj Commission of Nigeria (NAHCON), Alhaji Zikrullah Hassan, has advocated the establishment of Hajj saving scheme for effective handling of hajj nationwide.The Chairman, National Hajj Commission of Nigeria (NAHCON), Alhaji Zikrullah Hassan, has advocated the establishment of Hajj saving scheme for effective handling of hajj nationwide.