Judge Adjourns for Ruling in Mareva Suit between First Bank Nigeria and General Hydrocarbons Limited and Several Others
On Friday the 17th of January 2025, before Dipeolu J, Dr Abiodun Layonu SAN moved his application to set aside the Mareva injunction and other punitive ex parte orders granted to the plaintiffs (First Bank of Nigeria ”FBN” and FBNQuest…
National Assembly Committees Seek Upward Review Of N9 Billion Allocation To Solid Minerals Devt Ministry In 2025 Budget
The National Assembly joint committee has demanded Upward Review of N9 billion Allocation to Solid Minerals Development Ministry in 2025 budget proposal for the progress of the country in the mining sector. Noting discrepancy in the proposal, the Joint Committees…
How First Bank’s Recklessness Endangered 93 Lives on Oil Rig, General Hydrocarbons Limited Reveals
A bitter dispute has erupted between General Hydrocarbons Limited (GHL) and First Bank of Nigeria (FBN) over allegations of recklessness, diversion of funds, and abuse of court processes. In a strongly-worded statement, GHL accused FBN of putting the lives of…
Global Rights Condemns GTBank’s Persecution of Journalists, Calls for Release of Four Incarcerated Journalists
Global Rights, a human rights organization, has condemned the persecution of four Nigerian journalists, Olurotimi Olawale, Precious Eze Chukwunonso, Roland Olonishuwa, and Seun Odunlami, who have been detained since September 2024 for allegedly practicing journalism. The organization has accused Guaranty…
Estate Developer Raises the Alarm Against Fraudulent Activities of Firm, Calls on FG to Provide Funds for Affordable Housing
The immediate past President of the Real Estate Developer’s Association of Nigeria (REDAN) Dr. Aliyu Oroji Wamakko has warned Estate Developers across the Country to be weary of the Managing Director of Moure Consult Ltd, Sadiq Dalhatu Ado, over his…
OIL PRICE SHOCKER: Global Markets Reel as Brent Crude Surges Amid US Sanctions on Russia
The global oil market was thrown into chaos on Monday as Brent crude prices skyrocketed to $81 per barrel, marking the highest price in over four months. The sudden surge was triggered by the latest US sanctions on Russia’s oil…
RE: GHL Does Not Owe FBN $225M, Moratorium Is in Place Pending Commercial Oil Production
General Hydrocarbons Limited (GHL) has denied owing First Bank of Nigeria (FBN) contrary to media reports (not on this platform) that court had frozen General Hydrocarbons’ accounts over (Alleged) $225.8m debt to the Bank. Clearing the air in a statement…
Nigeria’s Aviation Sector Set for Major Boost as Minister Explores Cutting-Edge Technologies
In a bid to elevate Nigeria’s aviation standards, the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, SAN, recently visited HOG Technologies, a global leader in runway de-rubberization equipment, at their headquarters in Stuart, Florida. This landmark visit aimed…
Aviation Perm Sec Extols NAMA’s Commitment To Safety, Efficiency Of Air Travel
The newly appointed Permanent Secretary of the Ministry of Aviation and Aerospace Development Dr. Ibrahim Abubakar Kana has commended the critical role played by the Nigerian Airspace Management Agency (NAMA) in ensuring the safety and efficiency of air navigation in…
Northern Nigeria CSOs Reject Tax Reform Bills, Want VAT Reduced to 3%, Citing Economic Hardship and Marginalization
A recent town hall meeting in Gombe State, attended by policymakers, academics, civil society actors, and concerned citizens, has unequivocally rejected the proposed Tax Reform Bills. The meeting, organized by the Coalition of Northern Groups (CNG) Gombe Chapter, Civil Society…
Governor Oborevwori Mourns Victims of Agbor Tanker Fire Incident, Directs Remedial Action
Delta State Governor, Rt. Hon. Sheriff Oborevwori, has extended his heart-felt condolences to the families of victims of Sunday’s fire incident caused by a fallen diesel tanker in Agbor, Ika South Local Government Area of the state. The diesel tanker…
