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Why petrol remains expensive despite local refining— Dangote

President of Dangote Group, Aliko Dangote, has said Nigerians were still paying high prices for petrol despite the commencement of large-scale domestic refining, saying local production does not completely insulate the country from global crude oil prices and market disruptions.
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JTF nabs 4 illegal oil bunkerers in Bayelsa

By Samuel Oyadongha Yenagoa—Four persons involved in crude oil theft have been arrested by the Joint Task Force in the creek of Bayelsa State. Recovered from the suspects were 25,000 litres of stolen crude oil, three giant wooden boats, three Yamaha outboard engines and hose pipes. The suspects, who hailed from Delta and Bayelsa states, […]

Bode George files appeal

LAGOS — FORMER Chairman of the Nigerian Ports Authority, NPA, Chief Bode George and five other former members of the board of the authority who were convicted, Monday, by an Ikeja High Court, yesterday filed their notice of appeals challenging their convictions.

Fuel scarcity paralyses Umuahia

By Anayo Okoli Umuahia—SCARCITY of petrol has brought economic and social activities in Umuahia, the capital city of Abia State to a complete halt. Except at the NNPC Mega station, located on the outskirts of Umuahia, all the petrol stations in the town did not sale fuel yesterday. Even at the NNPC station, the situation […]

UAC Vs Ogodo: Firm’s appeal suffers set-back

THE Appeal Court in Benin has fixed March 9, 2010 for the hearing on the appeal filed by the African Timber and Plywood (AT&P), a subsidiary of UAC, against the judgment in favour of the Ogodo family of Sapele in its land case with the firm.

Akingbola: Court overrules self

Justice Morenike Obadina of the Lagos High Court, Ikeja, yesterday set aside her earlier ruling, ordering that
some companies of the former Chief Executive Officer of Intercontinental Bank, Dr. Erastus Akingbola, could serve
the Economic and Financial Crimes Commission (EFCC) and other respondents with originating process filed in the suit, by publication in a national daily.

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