The Nigerian government said on Friday that it is considering all available options to resist the decision of a British court to grant enforcement right to an $8.9billion (about N3.2 trillion) arbitral award against the country. The United Kingdom, Business & Property Courts (the Commercial Court), presided by Justice Butcher granted P&ID’s enforcement request to […]
Police in the Nigerian city of Jos are investigating the circumstances of how a 15-year-old boy staged his own kidnap and demanded a ransom from his father for his release. “It was expertly done,” police spokesman Terna Tyopev told the BBC. The teenager and four of his older friends, who are now all in custody, […]
By Foster Obi Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman has called on stakeholders in the Port industry to create room for improved synergy towards greater operational efficiency and surmounting of challenges, as this is critical for the government in its commitment to making the Ports the leading harbour Africa. Addressing […]
The Senate President, Ahmad Lawan on Friday, said that the Senate will pass the 2020 national budget before this year’s Christmas. He made the disclosure during an interview with newsmen shortly after he visited Katsina State Governor, Aminu Masari at Government House. Governor Masari’s Deputy, Alhaji Mannir Yakubu, the Secretary to the state government, Alhaji […]
A judge in London said on Friday he would grant a firm called Process and Industrial Developments Ltd (P&ID) the right to seek to seize some $9 billion in assets from the Nigerian government over an aborted gas project. The company was awarded $6.6 billion in an arbitration decision over a failed project to build […]
The Nigerian government has said it is exploring the possibility of integrating marriage registries operated by local governments into its online platform so as to bring them in conformity with the Marriage Act This is coming barely three weeks after the government introduced a new Federal Marriage Certificate for all types of marriages in the […]
The Nigeria Railway Corporation (NRC) on Thursday warned rooftop riders against endangering their lives, saying the corporation would no longer treat the offence with levity. Mr Jerry Oche, the NRC Lagos District Manager, said that the corporation was not pleased with the rate at which miscreants ride on top of the moving train. Oche said: […]
Nigeria’s central bank plans to auction 150 billion naira ($489.5 million) of open market bills on Thursday, traders said, its second bill sale in a week as the country seeks to attract more foreign investors. The bank last month shifted policy to try to force banks to lend to help revive an economy stuck with […]
Oil prices fell on Wednesday on weak global economic data and a rise in the US crude inventories, almost erasing the previous session’s strong gains which followed the United States’ move to delay tariffs on some Chinese products Brent crude was down $1.81, or three per cent, at $59.49 a barrel at 1323 GMT, after […]