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United Bank for Africa (UBA) has asked Justice Mohammed Liman, presiding over a Federal High Court in Lagos to dismiss a motion filed by a Petroleum Resources firm, Sahara Energy Limited, seeking a discharge of an ex-parte order allowing the bank to advertise a petition it filed to wind-up the firm over alleged N15 billion debt.
The NNPC, Nigeria’s state owned oil giant, Thursday announced that 132 companies had submitted bids for the 2019 crude for refined products programme tagged Direct Sale, Direct Purchase (DSDP).
United Bank for Africa Plc (UBA) has filed a winding up petition before a Federal High Court in Lagos against a petroleum resources company, Sahara Energy Resources Limited, over an alleged inability of the firm to pay a debit of $42,282,430.49 (equivalent to N15,221,674,976).
The Rivers State governor, Nyesom Wike, has appealed for an end to divisive politics in the state.
The Transmission Company of Nigeria (TCN) has said that the National Grid successfully transmitted a new generation peak of 5,375MW on February 7.
The governorship candidate of the All Progressives Congress (APC) in Rivers State, Mr. Tonye Cole, has said that despite all entreaties, his rival for the party’s ticket, Senator Magnus Abe, has frustrated all efforts to amicably settle the crisis rocking the party.
Governor Nyesom Wike of Rivers State has declared that no amount of blackmail and propaganda will alter the termination of sale of valued state assets to Sahara Energy Limited.
The Rivers state government has said the minister of transportation, Rotimi Amaechi, has a case to answer over the alleged sales of gas turbine power stations belonging to the state government.
Rotimi Amaechi, minister of transportation, says he never appointed a governorship candidate for the All Progressives Congress (APC) in Rivers state.
Alasoadura specifically stated that Baru’s continued presence at the NNPC could jeopardise the Senate investigation into the allegations that he allegedly approved contracts to the tune of $25bn without the approval of the corporation’s board.
Troops of the 16 Brigade of the Nigerian Army on Tuesday allegedly invaded the Azagbene community in the Ekermor Local Government Area of Bayelsa State and burnt down houses after chasing away residents.
Ini Umotong scored a goal as Brighton thrashed Crystal Palace 5-1 to launch their preseason training activities in style.
The Special Presidential Investigation Panel for Recovery of Public Property has summoned the Group Managing Director of the Nigerian National Petroleum Corporation, Mr Mele Kyari, over alleged $1.8bn owed the Federal Government by Mobil Producing Nigeria Unlimited (ExxonMobil).
The Defence Headquarters yesterday said its operations launched to wipe out banditry, kidnapping and robbery in the North West part of the country have killed 132 armed bandits, recovered 39 firearms and 2,437 rounds of ammunitions between May and July.
The Central Bank of Nigeria (CBN) on Tuesday confirmed that its planned policy to restrict allocation of foreign exchange (FOREX) for milk importation and other diary products into the country will soon become effective.
Within a three-month period, covering January to March this year, the Federal Government spent the sum of N610.2bn paying interest on its domestic debts.
The Northern Elders Forum says that it will reject any move by leaders in the Middle Belt Forum to detach communities in North Central Nigeria from the North.
Zamfara Governor, Mr Bello Matawalle, has commended the Nigerian Air Force (NAF) for its role in helping to “force” bandits, terrorising innocent people in the state to negotiating table.
An Ibadan-based trader, Mrs. Bushira Salawudeen, has prayed a Mapo Customary Court, to plead with her husband, Rafiu, to forgive her and stop the divorce proceedings.
President Muhammadu Buhari on Friday met behind closed with the Chief of Defence Staff, Gen. Gabriel Olonisakin, at the Presidential Villa, Abuja.