•Wale Edun The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has confirmed that the federal government would soon embark on the sale of state-owned assets to private investors. The minister made the statement in an interview on Monday in Saudi Arabia, reports Daily Independent. He said the government is currently wor...
•A newborn baby The Cross River Police Force have arrested two nurses and a soldier over allegations and theft of a newborn baby in Akamkpa Local Government Area of Cross River State. Zagazola Makama, a security expert reports that the suspects were apprehended after the baby’s mother, 19-year-old Justina Valentine Boniface of Aningeje village...
•Port Harcourt Refinery The Nigerian National Petroleum Company Limited (NNPCL) has officially ruled out the sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-grade rehabilitation and retention of the plant. The Group Chief Executive Officer (GCEO) of NNPC Limited, Bashir Ojulari, announced this during a...
Federal High Court, Ikoyi, Lagos, will today, Wednesday, June 11, hear the substantive suit challenging the proposed sale of Lafarge Africa Plc. to Chinese firm, Huaxin Cement Limited. ‎The hearing was fixed following the dismissal of a motion filed by Lafarge Africa and its parent company, Holcim Group, challenging the court’s jurisdiction to...
•Dele Farotimi and Afe Babalola The High Court of the Federal Capital Territory, Abuja, has granted an order of interim injunction, restraining Lagos-based legal practitioner, Dele Farotimi whether acting by himself or his representatives, from further publishing, selling, circulating, advertising, or distributing the physical/hard/digital or ...
The Managing Director and Chief Executive, Nigeria Deposit Insurance Corporation, NDIC, Bello Hassan, said yesterday the corporation has commenced sales of landed property and chattels of the defunct Heritage Bank nationwide to ensure payment of liquidation dividend to uninsured depositors of the bank. Hassan disclosed this on the occasion of ...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has not approved Shell International Plc’s bid to sell its onshore assets to Renaissance. The transaction for the assets is valued at $1.3 billion, reports Nigerian Tribune. A statement signed by NUPRC Head, Public Affairs and Corporate Communication, Mrs Olaide Shonola titl...
•Former Aviation minister, Hadi Sirika A Federal High Court in Lagos State, today, nullified the sale of Nigeria Air to Ethiopian Airlines. The court declared null and void the sale of Nigeria Air to Ethiopian Airlines, after determining the issues in the suit, reports Nigerian Tribune. Justice Ambrose Lewis-Allagoa ordered that the federal go...
•Bags of rice The federal government has called for calm on the proposed nationwide protest, saying it had created centres across the country where Nigerians can purchase a 50kg bag of rice for ₦40,000. This was revealed by the Minister of Information and National Orientation, Mohammed Idris while briefing correspondents on the outcome of the ...
An Abuja High Court has issued a major ruling mandating the sale of aircraft, hangars, and other movable assets owned by Arik Air Limited. Specifically, the court directed sale of the aircraft with the registration numbers B737-700/5N-MJF, B737-800/5N-MJQ, DASH8-Q400, and 5N-BKX, reports Saturday Independent. This decision comes as a result of...
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