Sunday, April 6, 2025
An appeal court in the United States (US) has authorised Zhongshan Fucheng Industrial Investment Co. Ltd. to enforce the $70 million arbitration award against Nigeria. In a 2-1 verdict delivered on August 9, the majority ruling affirmed the judgment of the US district court for the district of Columbia that […]
The Economic and Financial Crimes Commission, EFCC, wishes to clarify the reports in a section of the media today, August 14, 2024, purporting that the Commission donated N50billion to the Nigerian Education Loan Fund, NELFUND from its recovery account. The said fund was not a donation by the Commission but […]
The Association of Master Bakers and Caterers of Nigeria in Lagos State has lamented the incessant increase in flour prices in the country. The association made this known during a protest held in the state on Wednesday. Addressing newsmen during the protest, the association’s chairman, Chief Ayoola Mathew, said despite the recent approval […]
The Federal Government has commenced the free conversion of petrol and diesel-powered commercial vehicles to compressed natural gas in a bid to cut the cost of transportation nationwide. It started the exercise in Abuja and Lagos, urging commercial transport owners to key into the scheme by bringing their vehicles to […]
The Port Harcourt Refining Company, a refinery under the management of the Nigerian National Petroleum Company Limited in Rivers State, has again failed to commence operations after about six postponements, The PUNCH reports. It was observed that promises made to Nigerians by the Federal Ministry of Petroleum Resources and NNPC about the refinery […]
Karl Toriola, chief executive officer (CEO) of MTN Nigeria, says the country’s telecommunications sector is “in a deep crisis”. Toriola spoke on Tuesday at the telecom investment forum organised by Financial Derivatives Company (FDC) in Lagos. The telco CEO pointed out the severe sustainability challenges currently faced by telecom operators […]
The Senate Committee on Public Accounts on Tuesday took a swipe at the top echelons of the Nigerian National Petroleum Company Limited (NNPCL), the Federal Inland Revenue Service (FIRS), the Nigeria Police Force and 12 others, saying they are frustrating the efforts of the National Assembly and President Bola Ahmed […]
The Federal government has frozen more than $37 million worth of cryptocurrency held in wallets believed to be owned by some organisers of #EndBadGovernance protests. Premiumtimes reports that the freezing of the wallets followed an order granted by Justice Emeka Nwite of the Federal High Court in Abuja on August […]
Crude oil-producing companies in Nigeria are expected to supply the Dangote refinery and other local refineries with about 597,700 barrels per day (bpd) of crude in the next five months to meet local demands. This is according to a statement from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and reported […]
Dangote Refinery has insisted that Premium Motor Spirit (PMS), popularly known as petrol, refined at the refinery, will hit the market by August. The company’s Group Chief Branding and Communications Officer, Anthony Chiejina, disclosed this to PREMIUM TIMES in an interview on Monday. The response came amid concerns over the […]