Following Wednesday’s landmark victory for General Hydrocarbons Limited (GHL) at the Federal High Court in Lagos, which set aside an order of Mareva injunction freezing it’s assets in a suit with First Bank Holdings Plc, directors of the oil and…
In a decisive effort to combat the spread of fake and substandard products, the National Agency for Food and Drug Administration and Control (NAFDAC) has launched Operation Clean Up Aba. This operation involved sealing off the notorious Cemetery Market in…
The verbal exchange between former Kaduna State Governor Nasir El-Rufai and presidential media aide Daniel Bwala continued on Thursday. El-Rufai stated that he would still criticize the All Progressives Congress (APC) even if he were serving as a minister in…
The Nigeria Labour Congress (NLC) says it will embark on a nationwide mass rally on Tuesday, February 4, 2025, in protest of the 50 per cent telecom tariff increase recently approved by the Nigerian Communications Commission (NCC). According to a…
A tragic mid-air collision between an American Airlines passenger jet and a U.S. Army Black Hawk helicopter has resulted in a catastrophic crash into the Potomac River near Ronald Reagan National Airport. Emergency response teams, including divers and rescue boats,…
JUSTICE DIPEOLU SETS ASIDE FREEZING ORDERS AGAINST GHL JUDGE SAYS FIRST BANK SUPPRESSED RELEVANT FACTS TO SECURE ORDER In a landmark victory for General Hydrocarbons Limited, the Federal High Court in Lagos has set aside an order of Mareva injunction…
Tesla is set to report earnings Wednesday for the first time since President Donald Trump — a close ally of CEO Elon Musk — returned to the White House. The fourth-quarter results conclude a mixed year for Tesla. While the…
The Minister of Marine and Blue Economy, Gboyega Oyetola has announced that the Federal Government’s plan to implement the National Single Window (NSW) aimed at reducing the cost of doing business at the Nigerian Ports. The Nigerian Ports Authority in…
The Federal Government said it has deployed an e-border solution in 40 per cent of the country’s borders. The Minister of Interior, Olubunmi Tunji-Ojo, disclosed this in Abuja, during a media parley and interactive session on Tuesday. According to him,…
Chinese Tech Company Alibaba on Wednesday released a new version of its Qwen 2.5 artificial intelligence model that it claimed surpassed the highly acclaimed DeepSeek-V3. A report by Reuters said the unusual timing of the Qwen 2.5-Max’s release, on the…
A new guideline by the Nigeria Customs Service (NCS) has limited the duration of cargo stay at ports nationwide to a maximum of 30 days. The measures aim to enhance trade facilitation, in line with the Federal Government’s Ease of…
To promote the utilization and expansion of gas in the country, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has granted 10 Gas Distribution Licenses (GDLs) to six companies. This includes a subsidiary of the Nigerian National Petroleum Company…
A plane has crashed in the north of South Sudan killing at least 20 people, Unity state minister for information said Wednesday. The aircraft came down near the oil fields in Unity State at around 10:30 am local time (0830…
The Nigeria National Petroleum Company Limited said it uncovered a total of illegal refineries and pipelines in one week across the Niger Delta. It noted Nigeria recorded over 589 oil spills in 2024, most of which were caused by oil…
Cadbury Nigeria PLC has announced a pre-tax profit of N2 billion for the fourth quarter of 2024. In its recently released financial statement on the Nigerian Exchange (NGX) on January 27, 2025, the company highlighted a significant recovery of 111.73%…