Al-Makura was earlier “invited” by the Nasarawa State police commissioner Wilfred Obute in Lafia, from where he was moved to the Force Headquarters in Abuja, over accusations that he was behind the jeers and pelting that marred the flag off of the PDP presidential election campaign.
The management of the Nigerian National Petroleum Corporation, NNPC, has advised Nigerians to buy their House Hold kerosene, HHK, from the NNPC retail outlets and other officially approved selling points to avoid being victims of kerosene explosion.
The Group General Manager of the Public Affairs Division of the Corporation, Dr. Levi Ajuonuma, gave this piece of advice while reacting to the recent kerosene explosion that claimed some lives in some parts of the country.
GHANA has released 27 Nigerian trainee-militants who were apprehended by the Ghanaian authorities for unruly conduct.
Speaking after successfully negotiating their release, the Special Adviser to the President on Niger Delta and the Chief Executive Officer of the Presidential Amnesty Programme, Honourable Kingsley Kuku, warned that the Federal Government will not hesitate to punish to persons who, under any guise, attempted to drag the name of the country through the mud.
The Shell Petroleum Development Company, SPDC, has refused to name the proposed bidders as it divests from four of its oil blocks, after a similar exercise last year.
Precious Okolobo, a spokesperson of the company, said there is no official comment on the process. However, some international dailies reported that final bids should have been conducted mid January, with winners due to be announced in early March.
In October 2010, Afren announced the acquisition of the OML26 block in Nigeria from Shell, with its shares gaining about 14 per cent the same day.
Justice Bolaji Candido-Johnson of the Lagos High Court on Tuesday fixed February 22 for definite hearing of the substantive suit filed by Mr Ebun-Olu Adegboruwa against Lekki Concession Company, the Lagos State Government and three others.
The News Agency of Nigeria reports that the claimant is asking the court to declare as illegal, the construction and collection of toll on the Lekki-Epe Expressway.
The Court of Appeal in Lagos on Tuesday dismissed an appeal by the former Chairman of Lagos Island Local Government, Lukman Ajose, asking the appellate court to set aside his conviction.
Justice Joseph Oyewole of a Lagos High Court in Ikeja had sentenced the convict to two years imprisonment without option of a fine for fraudulently enriching himself by converting money belonging to the council.
As part of the effort to check the reoccurrence of insider dealing on the Nigerian Stock Exchange (NSE), the new code of corporate governance released yesterday by the Securities and Exchange Commission (SEC) prohibits directors of public companies and their immediate families from dealing in their securities. The directive
Finance experts have said rising oil prices is good for the nation’s economy, even though it could have serious implications on the global economy.
Bismarck Rewane, an economist with Financial Derivative Company, a finance firm, said “$100 per barrel of oil is ‘good’ for Nigeria but bad for the global recovery. Oil at over $100pb is bad for the dollar and could delay the economic recovery.”
The political turmoil in Egypt has caused a sharp rise in crude oil prices, with West Texas Intermediate (WTI, a type of crude oil used as a benchmark in oil pricing) closing up 4.3 per cent on 28 January. While Egypt’s share of global oil and gas production is fairly small (about 1 per cent and 2 per cent respectively), experts say the consequences for the markets could be significant.
Almost four months after Nigerian security officials seized an arms shipment, Iran has finally broken its silence and admitted that the 13 containers of arms and ammunition indeed emanated from it.
It disclosed that the shipment was actually meant for The Gambia as part of a confidential agreement signed three years ago and that last October’s seizure was the third of such shipments to the West African nation.
It was, however, not disclosed whether the first two had passed through Nigeria and evaded detection by security officials.
From the board room and the court of public opinion, the crisis of confidence between the Chief Justice of Nigeria (CJN) and Appeal Court President Justice Ayo Isa Salami has moved to the court room.
Justice Salami yesterday sued Chief Justice Aloysius Iyorgher Katsina-Alu to the Federal High Court, Abuja, over the “unholy” plan to elevate him to the Supreme Court.
The defendants of the originating summons filed on behalf of Justice Salami by Mr. Lateef Fagbemi (SAN) are the Federal Judicial Service Commission, the National Judicial Council and the Attorney General of Federation (AGF) as 2nd to 4th Defendants/Respondents.
The Nigeria Labour Congress (NLC) yesterday shifted its battle for a new minimum wage for workers to the National Assembly.
Its President Comrade Abdulwaheed Omar led Congress leaders and its National Administrative Council to plead with members of the House of Representatives for a speedy passage of the National Minimum Wage (amendment) Bill.
Omar, who traced the history of NLC’s many battles for wage raise, noted that the initiative started in 2008 with a demand for N52,000 minimum wage.
The Central Bank of Nigeria has rolled out penalties to be meted out to recalcitrant operators who have ignored its regulations in a bid to protect Automated Teller Machines (ATM) users.
In a circular last Monday, the CBN expressed displeasure at the impunity with which some operators have disregarded previous circulars and guidelines.
“The bank has observed, with great concern, the lack of cooperation and the deliberate attempt by some players in the e-payment market to frustrate the policy on offsite ATMs of deposit money banks,” it stated on the circular on its website.
The names of Oyo State Governor Adebayo Alao-Akala and his Enugu State counterpart, Sullivan Chime, have been withdrawn from the lists of candidates for the April governorship election.
The withdrawals followed directives by the national headquarters of the Independent National Electoral Commission to its Resident Electoral Commissioners in the two states.
Alao-Akala (Peoples Democratic Party) is the only one whose name was delisted from the list of governorship candidates in Oyo State. In Enugu State, all the governorship candidates were affected.
President Goodluck Jonathan has stressed the critical nature of the South-West to his administration, saying that the zone will not be left to “rascals” to rule.
Specifically, the President noted that Lagos State, being the commercial and industrial hub of the country, must be governed by the PDP.
Jonathan spoke on Tuesday in Ibadan, Oyo State during the commencement of his presidential campaign in the South-West.
It was reported yesterday that Adenuga’s Conoil Producing submitted a bid of $650 million each for two Oil Mining Leases (OMLs) 30 and 42, while Dangote Group offered $600 million for Shell’s 30 per cent stake in the OML 30.
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