A London high court began to hear a lawsuit on Wednesday launched by Nigeria against U.S. bank JP Morgan Chase, claiming more than $1.7 billion for its role in a disputed 2011 oilfield deal. The civil suit filed in the English courts relates to the purchase by energy majors Shell and Eni of the offshore Read More…
In picture above: Mr Tunde Ogungbade , Deputy President , NCRIB ,Mr Rotimi Edu , President NCRIB, Mrs Joyce Ojemudia , MD /CEO African Alliance at the NCRIB ‘s Member Evening in Lagos. NAN Photos African Alliance Insurance paid claims of more than N7.59 billion to its customers in 2021.This figure, according to the firm Read More…
The Lagos State Government has said that deliberate policies and actions are ongoing to restore activities to the real estate sector of the state economy. Special Adviser to Gov. Babajide Sanwo-Olu on Housing, Mrs Toke Benson-Awoyinka, stated this at the Lagos Chamber of Commerce and Industry (LCCI) Real Estate Outlook 2022 webinar, on Tuesday. The Read More…
In picture above: Nigeria’s Minister of State for Petroleum Resources, Chief Timipre Sylva speaks during the Saudi Green Initiative Forum to discuss efforts by the world’s top oil exporter to tackle climate change in Riyadh, Saudi Arabia, October 23, 2021. REUTERS/Ahmed Yosri There is no need for OPEC+ to expand its oil production increases, Nigeria’s Read More…
In picture above: British Minister for Africa Vicky Ford and Nigeria’s Minister of State for Power Jedy Agba react during the signing of new investments focusing on jobs and financial autonomy, in Abuja, Nigeria February 21, 2022. REUTERS/Afolabi Sotunde Britain plans to boost investments in renewable and climate change projects in Nigeria and will provide Read More…
Eko Electricity Distribution Company (EKEDC) has signed an agreement with the Niger Delta Power Holding Company Limited (NDPHC) towards improving electricity supply to Agbara, Lekki and other areas within its operational network. A statement issued on Monday in Lagos by Mr Godwin Idemudia, Head, Corporate Communication, EKEDC, said the deal was signed recently during a Read More…
In picture above: Rescuers and firefighters work among the wreckage from the plane that crashed on June 3, 2012, in Nigeria’s largest city of Lagos, killing all of the 153 people on board, in the densely populated Toyin Area in Lagos. Credits: Emmanuel Arewa/AFP A total of 2,038 persons died in air accidents in Nigeria Read More…
Ikeja Electric Plc says its 2022 targets include growth in energy which will increase supply across its network. The electricity Distribution Company says it has outlined several projects for 2022 across its six business Units – Shomolu, Oshodi, Abule-Egba, Ikorodu, Ikeja and Akowonjo. Mrs Folake Soetan, Chief Executive Officer, Ikeja Electric, made the disclosure while Read More…
The Nigerian Communications Commission (NCC), has warned the public against a new high-risk, critical and Short Messaging Service-based malware, TangleBot, infecting Android mobile devices. Dr Ikechukwu Adinde, Director of Public Affairs (DPA), NCC, made this known in a statement on Saturday in Abuja. Adinde noted that TangleBot employs more or less similar tactics as the Read More…
The Central Bank of Nigeria (CBN) has released operational guidelines on the Global Service Instructions (GSI), aimed at checking the spate of bad loans within the banking sector. According to a statement by Chibuzo Efobi, for the Director, Financial Policy and Regulation Department of the apex bank, the initiative was conceived to address recurring instances Read More…