The Supreme Court has reversed its earlier decision which dismissed an appeal by Guaranty Trust Bank (GTB) against a N2.4 billion judgment given in favour of Innoson Motors Nigeria Limited by the Court of Appeal in Ibadan, Oyo State. A judgment delivered on Friday by a five-member panel, led by Justice Olukayode Ariwoola held unanimously […]
Mele Kyari, chief executive officer of the Nigerian National Petroleum Company (NNPC) Limited, says the Petroleum Industry Act (PIA) provides business opportunities that will enable the company earn more revenue for the country. Kyari said this while addressing staff of the organisation in a townhall meeting held at NNPC Towers, Abuja, at the weekend. Highlighting […]
Emirates Airlines schedule flights have resumed in Ghana and four other African countries slammed with travel restrictions by the United Arab Emirates (UAE) even as uncertainty surrounds the resumption of flights to Nigeria. The UAE had on December 27, 2021, added Ghana, and eight other countries to its no-fly list prompting the country’s carrier, the […]
The Nigeria LNG Limited announced on Thursday that its board of directors had approved the supply of 100 per cent of the Liquefied Petroleum Gas (butane and propane) produced by the company to the Nigerian market. The NLNG said in a statement that it would prioritise the domestic market for 100 per cent of its […]
The United Arab Emirates has inaugurated a visa application and document attestation centre at the office of the UAE Consulate General in Lagos. This was contained in a statement sent to The PUNCH by the office of the UAE Consulate, stating that the event took place on Tuesday. The inauguration was led by the Consul […]
Bitcoin slid below $40,000 on Monday, falling to its lowest level since the end of September as the world’s leading cryptocurrency showed no end to its volatility. Bitcoin dropped to $39,663.18, down from a record high of above $66,000 in October. After taking a tumble Monday, it recovered some ground, rising to $41,198. Its recent […]
Civil rights advocacy group, Human Rights Writers Association of Nigeria, has asked the President, Major General Muhammadu Buhari (retd.), to return the price of Liquefied Petroleum Gas popularly called cooking gas to how he met it in May 2015 when he assumed office. National Coordinator of HURIWA, Emmanuel Onwubiko, made this known in a chat […]
The Nigeria Labour Congress (NLC) is rejecting plans by the Federal Government to increase taxes on non-alcoholic and carbonated drinks. NLC’s position is contained in a statement signed by its President, Mr Ayuba Wabba, which was circulated to journalists in Abuja. The government had announced the increased taxes as a way of discouraging over-consumption of […]
President Muhammadu Buhari has finally inaugurated the Board of the newly incorporated Nigerian National Petroleum Company (NNPC) Limited. The president had constituted the board in September but shortly before it was to be inaugurated, he suspended the exercise indefinitely. No reason was given for the development. But on Wednesday, Adesina announced a major change on […]
The Federal Government on Thursday said it was putting measures in place to ensure further reduction in the cost of Liquefied Petroleum Gas, popularly called cooking gas. It disclosed this while reacting to the recent marginal drop in the cost of cooking gas. According to findings, the price of 12.5kg LPG has dropped from N8,800 […]
