UK oil firm Cairn Energy has gained the right to seize Indian state assets in France worth more than €20m (£17m) as part of a long-running tax row. A French tribunal ordered a freeze on about 20 properties in central Paris as Cairn increases pressure on the Indian government over disputed tax claims. […]
FCT High Court in Jabi on Thursday adjourned until Oct. 6 and Oct. 7 the trial of former Secretary to the Government of the Federation (SGF), Babachir Lawal. Babachir is charged with 10 counts bordering on fraud, criminal conspiracy to diversion of over N544 million belonging to the Federal Government, in the award […]
A Federal High Court, Abuja, on Wednesday, cleared the former Minister of Finance, Mrs. Kemi Adeosun, of National Youth Service Corps (NYSC) certificate forgery, which resulted in her resignation in 2018. Justice Taiwo Taiwo, in his ruling on the originating summon with suit number: FHC/ABJ/CS/303/21 brought by Wole Olanipekun, SAN, on her behalf, […]
The National Emergency Management Agency (NEMA) says shops containing car accessories worth millions of naira have been gutted by fire at Ladipo Market, Lagos. Mr Ibrahim Farinloye, NEMA Acting Zonal Coordinator, South West Zonal Office, told the News Agency of Nigeria (NAN) that the fire started about 4a.m. on Wednesday. According to Farinloye, […]
The world’s biggest memory-chip and smartphone maker forecast operating profit of $11bn (£8bn) for the three months to the end of June. It said strong demand for memory chips had offset weaker sales of devices due to the shortage of components. A year ago, in the first few months of the pandemic, Samsung […]
Haitian President Jovenel Moïse was shot dead overnight in an attack at his private residence, interim Prime Minister Claude Joseph said Wednesday. In a statement, Joseph said an unidentified group of people were responsible for the killing, which he called a “hateful, inhuman and barbaric act.” He also said Moïse’s wife, Martine, was injured and taken to a […]
China in recent weeks has stepped up efforts to rein in the country’s cryptocurrency industry, banning crypto mining operations and ordering major banks not to do business with crypto companies. The latest move came Tuesday as the government acted against a company for allegedly providing cryptocurrency-related services. The company’s business registration was cancelled by the […]
Search crews in South Florida are expected to get a break from hazardous weather conditions Wednesday as they continue searching for people who were inside a condominium building that collapsed nearly two weeks ago. The search had to be halted for about two hours Tuesday due to lightning and high wind gusts from Hurricane Elsa. […]
Senate President Ahmad Lawan, has announced the composition of the Conference Committee on the Petroleum Industry Bill (PIB). The announcement was made on Tuesday at the plenary. The members of the committee include: Senate Leader, Yahaya Abdullahi, as Chairman, Sen. Mohammed Sabo, representing North-West, Sen. Albert Bassey representing South-South, Sen. Danjuma Goje, North-East, […]
The Road Transport Employers Association of Nigeria (RTEAN), Bauchi state chapter has vowed to sanction its members for reckless and dangerous driving. Malam Abdullahi Mohammed, the Chairman of RTEAN gave the warning in an interview with the News Agency of Nigeria (NAN) on Tuesday in Bauchi. He said the association had put in […]