The judgement was recently delivered by Justice Ibrahim N. Buba of the Federal High Court, Lagos in a matter instituted by First Bank of Nigeria Plc over a claim
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This was even as Adekomi disclosed that the leadership of the union has reached a compromise with the state government on the disbursement of the second tranche of Paris Club refunds to offset parts of the balance of the modulated salaries.
This disclosure was made in a motion sponsored by Senator Adamu Ailero, who observed that that the present Revenue Allocation Formula has been in operation before the commencement of this democratic dispensation in 1999
A statement in Abuja on Wednesday by the Director of Press in the Ministry, Idang Alibi, said the policy articulated the vision of the Federal Government for improving the petroleum sector.
Governor Ambode, who spoke when he received a delegation from Legatum Center for Development and Entrepreneurship, Massachusetts Institute of Technology, on a courtesy visit at the Lagos House in Ikeja, said deliberate efforts have been made by his administration to aid businesses and encourage budding entrepreneurs in the State.
Speaking during a courtesy visit to him by the National Coordinator of N-Power and Senior Special Adviser to the President on Job Creation and Youth Empowerment, Afolabi Imoukhuede, at Government House, Ilorin, Ahmed said the state
The company shared details of its rights issue programme at a presentation, which was held at the Nigerian Stock Exchange, Lagos.
Brent crude futures rose 40 cents to $50.60 a barrel by 1213 GMT after rallying more than three per cent on Tuesday.
This will be the third edition of the AVSEC Global symposium following earlier events held in Dubai in 2013 and 2015 by Emirates Group Security.
Quarter Two Power Generation Statistics Report posted on NBS Website indicated that Egbin Power Plant contributed about 11.22 per cent of the average energy generated during the period.
The NCC made this disclosure in its Monthly Internet Subscribers Data for June 2017 on its website on Wednesday in Abuja.
Joseph Attah, the Public Relations Officer, NCS, gave the figure in an interview with the News Agency of Nigeria on Wednesday in Abuja.
The News Agency of Nigeria reports that the index inched 1,675.30 points or 4.88 per cent to close at 36,740.77 compared with 35,065.47 posted on Tuesday.
Emeka Emuwa, the Chief Executive Officer of the bank, said at the launch in Lagos that the introduction of the new applications was to improve its services to customers and to mark the bank’s 100 years anniversary.
Prof. Umar Danbatta, the Executive Vice Chairman of NCC, said this in a statement by Tony Ojobo, the Director, Public Affairs of the commission, in Abuja on Wednesday.
This was made known in NCC’s monthly Subscriber/Operator Data, made available on its website.
Uwujaren identified the marketers as: Conoil Plc, Total Plc, OVH Energy Plc, Oando Plc, Forte Oil and Gas Plc, Mobil Plc, MRS Oil Plc, and NIPCO Oil Plc.
The Nigeria Extractive Industries Transparency Initiative has called for the transfer of all the country’s oil revenue savings into the Nigerian Sovereign Investment Authority.
He said the commission was able to establish the said amount as tax liabilities in the first phase of the exercise covering the period between 2005 and 2015 across 30 states of the federation.
According to a letter issued by the organisers, the innovation award celebrates outstanding innovations, brands and personalities in the public and private sectors across West Africa, which includes Nigeria, Ghana, Sierra Leone, Republic of Benin, Cote ‘devoir and Gambia.