Royal Dutch Shell has abandoned its argument that the oil pollution lawsuit filed against it by the Ogale and Bille communities in Rivers state, be heard in Nigeria rather than the UK. Bloomberg reports that Shell’s legal team refused to return to the High Court of England with the argument that the five-year-old case would […]
The Minister of Foreign Affairs, Mr Geoffrey Onyeama on Saturday lamented the rejection of Nigerian exports by other countries. Mr Onyeama was speaking at a meeting in Abuja with the Executive Director of the Nigerian Export Promotion Council, Olusegun Awolowo. According to the Minister, the quality of products, especially agricultural products, do not meet the […]
The Imo state government yesterday named the areas it recovered 43 oil wells from Rivers State, saying that 22 oil wells were recovered from Mgbede Field in Egbema, Ohaji/Egbema Local Government Area and 21 oil wells from the Akri Field in Oguta Local Government Area in Imo The government disclosed to newsmen in Owerri, through […]
The Kaduna State Internal Revenue Service has sealed four branches of Fidelity Bank in the state for tax Liabilities amounting to N43.3 million. The branches are located at Ali Akilu Road, Ahmadu Bello Way, Polytechnic Road by Maimuna Gwarzo Junction, and Kachia Road, all in Kaduna metropolis. The Executive Chairman of the Revenue service, Zaid […]
There are strong indications that the National Assembly will ignore opposition to some provisions of the Petroleum Industry Bill recently passed by the Senate and the House of Representatives. The PUNCH on Wednesday gathered that after the harmonisation of the versions of the bill passed by the Senate and the House of Representatives, the bill […]
Edwin Clark, an Ijaw national leader, has described the newly passed Petroleum Industry Bill (PIB) as “satanic, unjust and embarrassing”. Last week, the national assembly passed the PIB, raising the frontier basins exploration fund to 30 percent. Reacting to the passed bill, Clark, who is also the leader of the Pan-Niger Delta Forum (PANDEF), in […]
There will be no hiding place for foreign nationals and their collaborators who want to turn the country into a dumping ground for substandard products, Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, has said. Adebayo gave the warning at the commissioning of Standards Organisation of Nigeria (SON), Ekiti State office and laboratory at […]
President Muhammadu Buhari says the agriculture policy of his administration is paying off as crude oil can no longer sustain the country. Speaking on Friday at the presidential villa in Abuja while receiving Hailemariam Dessalegn, former prime minister of Ethiopia, Buhari noted that his administration reverted to agriculture, owing to the fluctuating prices of crude […]
The house of representatives has received the Petroleum Industry Bill (PIB) report. Mohammed Monguno, chairman ad hoc committee on PIB, laid the report during plenary session on Wednesday. “That the house do receive the report of the ad–hoc committee on Petroleum Industry Bill on a bill for an act to provide legal, governance, regulatory and […]
The United Kingdom’s Financial Conduct Authority (FCA) has banned Binance, the world’s largest cryptocurrency exchange by trading volume, from operating in the country. The financial regulator on Saturday said Binance Markets Ltd, the crypto platform’s only regulated UK entity, “is not permitted to undertake any regulated activity in the U.K.” The notice further reads: “Due […]
