Getting Messier: Crude oil cargo owned by Arise News owner impounded over First Bank debt
The legal battle between Femi Otedola’s First Bank and Nduka Obaigbena’s General Hydrocarbons Limited has intensified. Latest development indicates that the Federal High Court in Port Harcourt has granted an…
CBN fines nine banks ₦1.3bn for cash scarcity at ATMs
The Central Bank of Nigeria (CBN) has sanctioned some Deposit Money Banks (DMBs) for failing to make naira notes available through Automated Teller Machines (ATMs) during the yuletide season. They…
Tinubu meets Otedola in Abu Dhabi amid $230m legal dispute with Arise News owner
President Bola Tinubu arrived in Abu Dhabi on Sunday and promptly met with Femi Otedola, the chairman of FBN Holdings Plc. Upon his arrival in the United Arab Emirates, Tinubu…
Court backs First Bank against Arise New/ThisDay owner over $225m debt
A Federal High Court in Lagos has restrained First Bank and other commercial banks from dealing with General Hydrocarbons Limited and the Publisher of ThisDay Newspaper, Nduka Obaigbena, over a…
FG targets three million bpd crude oil production by 2025
Heineken Lokpobiri, minister of state for petroleum resources (oil), says the federal government has plans to achieve a target of three million barrels per day (bpd) in crude oil production…
Tinubu commends Buhari, NNPC over re-opening of Warri refinery
President Bola Tinubu has expressed his profound joy at the re-opening of the Warri Refining and Petrochemical Company by the Nigerian National Petroleum Company Limited, describing it as another remarkable…
Patricia Technologies continues repayment to customers
In another demonstration of its resilience and commitment to its subscribers, Patricia Technologies, a leading financial services technology firm based in Lagos, has continued repayments to its subscribers who were…
Tinubu presents ₦49.7trn budget for 2025, prioritises security, education, healthcare | Full text
PRESENTATION BY HIS EXCELLENCY, PRESIDENT BOLA AHMED TINUBU, GCFR OF THE 2025 BUDGET OF RESTORATION: SECURING PEACE, REBUILDING PROSPERITY TO A JOINT SESSION OF THE NATIONAL ASSEMBLYON WEDNESDAY 18TH DECEMBER, 2024 PROTOCOLS:-- The Vice President,…
Labour, oil workers verify operational status of Port Harcourt refinery
A recent fact-finding visit by labour leaders has dispelled the uncertainties surrounding the operational status of the newly revived old Port Harcourt Refinery, with a capacity of 60,000 barrels per…
Tinubu welcomes Shell’s $5bn deepwater oil exploration ‘final investment decision’
President Bola Tinubu has welcomed Shell and its partners' announcement on monday of the Final Investment Decision (FID) on the Bonga North Deep Offshore Field. This landmark development, Nigeria's first…
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