President of Dangote Group, Aliko Dangote and the CEO of Heirs Holdings, Tony Elumelu have both expressed confidence in NNPC Limited’s huge capacity to position itself as Africa’s biggest energy company. The two leading industrialists disclosed this at the NNPC Upstream Investment Management Services (NUIMS) Annual Value Assurance Review (AVAR) Session in Lagos State on…
The UK Supreme Court ruled on Wednesday that it was too late for Nigerian claimants to sue two Shell subsidiaries over a 2011 offshore oil spill they say had a devastating long-term impact on the coastal area where they live. The case was one of a series of legal battles Shell has been fighting in London…
The Central Bank of Nigeria, CBN, says the validity of Bank Verification Number (BVN) isn’t time bound as reported in some quarters of the media. Its Acting-Director, Corporate Communications, Alhaji Isa Abdulmumin, said this in a statement on Wednesday. Abdulmumin said that the claim was completely false and therefore advised bank customers to be guided, accordingly. “The…
The Kano State incoming government of Engr. Abba Kabir Yusuf said it will explore all legal means to recover public properties allegedly sold by Governor Abdullahi Umar Ganduje to members of his family. Speaking to newsmen in Kano on Wednesday, the Chairman of the Recovery of Public Assets Subcommittee of the NNPP Gubernatorial Transition, Dr….
The National Hajj Commission of Nigeria, NAHCON, and the four Nigerian Airlines approved for the transportation of pilgrims to the 2023 Hajj have finally signed an agreement. The commission’s Chairman, Zikrullah Hassan, made this known in a statement by the Deputy Director, Information and Publications, NAHCON,Mousa Ubandawaki, on Tuesday in Abuja. The four airlines, had…
As it tightens the regulatory noose on manufacturing sector to weed out producers of substandard products in the country, the National Agency for Food and Drug Administration and Control, NAFDAC, said 35 companies including drug producers in Kano State are facing various degrees of sanctions for sharp practices in the first quarter, Q1, of the…
The Supreme Court on Tuesday in Abuja affirmed Ademola Adeleke of the Peoples Democratic Party (PDP) as the elected Governor of Osun State. Oyetola and his party, approached the apex court in a suit numbered, SC/CV/510/2023, praying the court to set aside the decision of the Abuja Division of the Court of Appeal, which voided…
A billionaire investor Femi Otedola has told a history of his business dealings with Chairman of United Bank of Africa (UBA), and Transcorp Plc Tony Elumelu, suggesting treacherous experience. Otedola, in a series of social media posts in his verified handles, said, “In 2005, while Tony was the Managing Director of Standard Trust Bank he…
Prices of some foodstuffs, particularly tomatoes, palm oil and cassava flakes, popularly known as garri, have continued to increase in Enugu’s major markets. NAN correspondent, who conducted a market survey in Enugu on Monday, reports that the prices of foodstuffs increased significantly between April and May. A big basket of tomatoes now sells for between…
The National Drug Law Enforcement Agency says it has intercepted 21,800 tablets of tramadol in Adamawa and Edo. This is contained in a statement by the spokesperson of the agency, Mr Femi Babafemi and made available to newsmen in Abuja on Sunday. Babafemi said that a suspect, Sahabi Mohammed, 39, was arrested in connection with 8,800…
