The Petroleum Products Retail Outlets Owners Association of Nigeria says the Dangote Petroleum Refinery is inconsiderate for selling petrol at N990/litre, stressing that the company enjoyed massive concessions while accessing foreign exchange during its construction. PETROAN also insisted that imported petrol was cheaper than the N990/litre price of Dangote petrol. Major marketers recently revealed that…
President Bola Tinubu on Monday directed the Attorney-General of the Federation to ensure the immediate release of the minors detained by the Nigeria Police in connection to last August’s protests without prejudice to any ongoing legal processes. The directive came days after the 76 people, including 30 minors, were charged with treason and inciting a…
In a surprising turn of events, the Federal Government of Nigeria has announced the release of funds aimed at settling outstanding salaries owed to members of the Non-Academic Staff Union of Federal Universities (NASU) and providing benefits to retirees under the Nigerian Union of Pensioners Contributory Pension Scheme. This announcement comes as many universities across…
Former Vice President Atiku Abubakar has expressed deep horror at the Nigerian government’s handling of child protesters following their recent arraignment in a Federal High Court. The children, aged between 14 and 17, were among 76 individuals charged with serious offences, including treason and public disturbance, stemming from the #EndBadGovernance protests that took place in…
In a stark reminder of the escalating trend of fraudulent activities among Nigerian youth, a court in Port Harcourt has sentenced a university undergraduate to prison for his involvement in cyber fraud. This case shows the broader socio-economic issues driving young people towards illegal activities as they grapple with an increasingly challenging economic landscape. The…
The Rivers State Government on Wednesday appealed the Federal High Court, Abuja’s judgment which retrained the Central Bank of Nigeria from further releasing allocations from the federation account to the state. This came as the state Governor, Siminalayi Fubara, celebrated one of the failed attempts to impeach him by the Martin Amaewhule-led state House of…
Only yesterday, a court somewhere in Nigeria took it upon itself to inject the honorable court into the intractable man-made crisis in Rivers State. We can look at a ruling like this and remember June 12. A certain Judge ruled that the Electoral Commission should stop releasing results of the elections. Going back all the…
The Federal High Court in Abuja has ordered the Central Bank of Nigeria (CBN) to cease all financial allocations to the Rivers State government, citing constitutional violations by Governor Siminalayi Fubara. The judgement, delivered on October 30, 2024, follows a lawsuit filed by the Rivers State House of Assembly, which challenged the legality of the…
Justice Joyce Abdulmalik of the Federal High Court in Abuja on Wednesday stopped the Central Bank of Nigeria from further releasing monthly financial allocations to Rivers State Government. The presiding judge held that the presentation of the 2024 budget by Governor Siminalayi Fubara before a four -member Rivers House of Assembly was an affront to…
In recent years, Nigeria has witnessed an increasing trend of multinational and local companies shutting down or relocating their operations due to economic challenges, currency volatility and rising operational costs. The latest company to announce its departure from Nigeria is South African grocery retailer Pick n Pay, which confirmed on Monday that it will exit the market…
