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Stakeholders in the oil and gas industry, Thursday demanded a raise of the oil operating expenditure from 2.5 per cent to 10 per cent for host communities in the new petroleum industry bill (PIB).
Access Bank Plc at the weekend said it had filed a notice of appeal at the Supreme Court to challenge the decision by the Lagos Division of Court of Appeal to upturn the suspension of the interim order made by a Federal High Court in Lagos sealing the corporate offices of Seplat Petroleum Development Company (SPDC) and freezing its accounts, in respect of loan obtained by Cardinal Drilling Services Limited.
The Lagos Division of the Court of Appeal has suspended the interim order issued by a Federal High Court sealing the corporate offices of Seplat Petroleum Development Company over loan which Cardinal Drilling Services Limited allegedly owed Access Bank Plc.
The absence of the Chief Executive Officer of a limited liability company, Kenneth Ndubuisi Amadi, and his company Idid Nigeria Limited alleged to have obtained the sum of N1,115.000,000 by false pretence from a Petroleum company stalled their arraignment before a Federal High Court sitting in Lagos on Thursday.
Governor Rotimi Akeredolu has called on Ondo residents to turn in illegal weapons in their possession and threatened to sanction any traditional ruler in the state who cannot contain the activities of cultists in their domain.
Traditional Ruler of Onitsha kingdom, Igwe Nnaemeka Achebe, has described Nnamdi Azikiwe University, Awka as a pride for the Igbo and called for more government and private support to the institution.
A United States’ proposal to discuss waiving patent protections for COVID-19 vaccines will intensify talks on the issue within the World Trade Organisation, the WTO director general said on Friday
The Federal Trade Commission (FTC) has published its long-awaited report on how manufacturers limit product repairs. The “Nixing the Fix” report details a host of repair restrictions, especially those imposed by mobile phone and car manufacturers.
The House of Representatives Committees on Petroleum Resources (Upstream), which is investigating the circumstances surrounding the revocation and award of oil mining leases (OML), has given the Nigerian National Petroleum Corporation (NNPC), Addax Petroleum Company Limited and Santex Nigeria Limited two-week ultimatum to appear before it and explain alleged irregularities in the corporations.
Following rising security challenges bedeviling the country, the Senate deputy minority leader, Senator Emmanuel Bwacha has said that Nigeria is sliding into the state of anarchy and needs prayers for God intervention.
The teaser trailer for an upcoming documentary about one of the greatest managers in English Premier League history, Sir Alex Ferguson, with the eponymous title “Sir Alex Ferguson: Never Give In,” has been made public to draw attention to the release.
The National Security Adviser, NSA, Major General Babagana Monguno (retd), said the Security meeting on Friday was adjourned to Tuesday next week in order to receive further briefings from the Security Chiefs.
Governor Douye Diri of Bayelsa State has charged the new executive of the Ijaw National Congress (INC) to protect the interest of the Ijaw nation at all times.
The Nigeria Centre for Disease Control (NCDC) says it registered 34 new cases of COVID-19 in three states of the federation and the Federal Capital Territory (FCT).g