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Court freezes Plural Oil’s accounts over alleged debt

Court freezes Plural Oil’s accounts over alleged debt

Justice Akintayo Aluko of a Federal High Court, Lagos, has issued an interim order freezing the bank accounts of Plural Oil Marketing Limited and two of its directors over an alleged indebtedness of N3.17 billion and $835,486.76 owed to Providus Bank Limited.

US urged to remove MACBAN from “Entities of Particular Concerns”

US urged to remove MACBAN from “Entities of Particular Concerns”

Convener South South Reawakening Group, SSRG, Joseph Ambakederimo, has enjoined the United States Congress to remove Miyetti Allah Cattle Breeders Association of Nigeria, MACBAN, from the country’s list of “Entities of Particular Concerns”, adding that MACBAN, should sensitize its members to embrace ranching as the new way to rear cattle.

PTML Customs intercepts cocaine worth N29.4bn from Sierra Leone, hands over to NDLEA

PTML Customs intercepts cocaine worth N29.4bn from Sierra Leone, hands over to NDLEA

By Cynthia Alo The Nigeria Customs Service (NCS), Port and Terminal Multiservices Limited (PTML) Command, said on Tuesday it intercepted a cocaine shipment worth N29.4 billion. Comptroller Joe Anani, Area Controller of the PTML Command, told reporters the drugs were discovered in an empty 20-foot container brought in from Freetown, Sierra Leone, during a routine disinfection […]

Customs intercepts endangered lion, patas monkeys at Seme Border

Customs intercepts endangered lion, patas monkeys at Seme Border

By Godwin Oritse The Seme Border Command of the Nigeria Customs Service (NCS) has intercepted a lion cub and two patas monkeys being transported illegally in a vehicle, in violation of national and international wildlife protection laws. In a statement issued by the Command’s Public Relations Officer, Chief Superintendent of Customs Isah Sulaiman, the NCS […]

H1’25: Fidelity Bank grows gross earnings by 46% to N748.7bn 

H1’25: Fidelity Bank grows gross earnings by 46% to N748.7bn 

By Peter Egwuatu  Fidelity Bank Plc has recorded a gross earning of N748,7 billion for the half-year ended 30 June 2025, H1’25,representing a 46% growth from N512.9 billion  recorded in the same period 2024, HI’24. Highlights of the financial results which was uploaded on the Nigerian Exchange Limited, NGX shows that the bank delivered robust results […]

OPS endorses N20bn container-insurance scheme to scrap deposit fees

OPS endorses N20bn container-insurance scheme to scrap deposit fees

By Godwin Oritse  The Organised Private Sector (OPS) represented by Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has welcomed the introduction of a N20 billion collective insurance bond backed by a consortium of insurers to replace the long-standing container deposit system in Nigeria’s maritime trade.  The new scheme, designed to protect international […]

Investors await review of CGT as stock market declines 1.7%

Investors await review of CGT as stock market declines 1.7%

By Peter Egwuatu  The Nigerian stock  market recorded a significant decline Week on Week, WoW following sell off by institutional investors over the new tax reform, which is expected to raise the Capital Gain Tax, CGT from January next year. Expectedly, the market dropped by 1.7 %, with the Nigerian Exchange Limited, NGX All Share Index […]

PTDF, Danfodio varsity partner to train scholars in oil, gas technology

PTDF, Danfodio varsity partner to train scholars in oil, gas technology

By Musa Ubandawaki SOKOTO:–The Petroleum Technology Development Fund (PTDF) has launched a collaborative training programme with Usmanu Danfodio University Sokoto (UDUS) and other institutions to strengthen research capacity in modern oil and gas technologies for Nigeria’s industrial growth. Speaking at the opening of a three day capacity building workshop in Sokoto on Monday, the PTDF […]

Ondo SDP governorship candidate was murdered —Autopsy report

Ondo SDP governorship candidate was murdered —Autopsy report

An autopsy report has confirmed that a former governorship candidate of the Social Democratic Party, SDP, in Ondo State, Mr Bamidele Akingboye, was murdered. The Lagos State Police Command says it is awaiting advice from the Department of Public Prosecution to press charges against anyone found culpable of the murder of Akingboye. Recall that Akingboye […]

Baba Ijesha not cleared by Appeal Court – Lagos AG

Baba Ijesha not cleared by Appeal Court – Lagos AG

By Henry Ojelu The Lagos State Attorney-General and Commissioner for Justice, Mr. Lawal Pedro, SAN, has debunked reports claiming that actor Olanrewaju James, known as Baba Ijesha, was freed after being cleared by the Court of Appeal, describing the circulating narrative as “false, misleading and irresponsible.” Speaking to journalists in Lagos yesterday, Pedro said his […]