President Muhammadu Buhari on Thursday night hosted All Progressives Congress (APC) presidential candidate, Bola Tinubu, at the State House, Abuja. The President, in a statement issued by his spokesman, Garba Shehu, congratulated the APC presidential...
Fuel queues resurfaced in petrol stations across Abuja over the weekend, with many motorists scrambling to get petroleum products. Filling stations in the Wuse, Bwari and Lugbe areas of the FCT sold petrol at prices...
Four of the oil companies accused by the Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, of importing substandard petrol have all in writing denied the allegation, thus creating more...
The Nigerian National Company Limited (NNPC) yesterday spoke on the importation of adulterated fuel into the country that has caused disruption in the supply chain and fuel scarcity. In a press briefing last night, Group Managing...
Oando Plc has entered into a settlement with the Securities and Exchange Commission (SEC) to end a long-standing rift. In a circular by the SEC in Abuja yesterday, it said the company has reached a settlement with...
The Nigerian equities market began trading for the week on Monday on a negative note with the market capitalisation losing N54 billion or 0.27 percent to close at N20.089 trillion from N20.143tr achieved on Friday. The...
The Nigerian National Petroleum Corporation (NNPC) has chosen 16 consortia for its new crude-for-fuel swap contracts for one year starting in August. A report yesterday by Reuters listed the consortia to include major Swiss trading firms,...
The Securities and Exchange Commission (SEC) says an order on the suspension of Oando Plc annual general meeting (AGM) still stands following different judgments from court cases instituted by the energy firm. In a statement on...
A federal high court in Kano has voided the removal of directors and shareholders of Oando plc by the Securities and Exchange Commission (SEC). In 2019, SEC found the energy company guilty of “serious infractions”, thereby...
A high court at the Federal Capital Territory yesterday nullified the Security and Exchange Commission’s (SEC) indefinite suspension of Oando Plc’s Annual General Meeting (AGM), two years ago, ruling that shareholders of the company have...