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The Federal Government is seeking the extension of the implementation of the total removal of subsidy on Premium Motor Spirit (PMS), otherwise known as petrol by another 18 months. Minister of State for Petroleum Resources, Chief Timipre Sylva, made this disclosure during a press briefing with the State House Correspondents on Tuesday. Speaking during the…
January 25, 2022
Alhaji Aliko Dangote has retained his position as the richest man in Africa, with a net worth of $12.1 billion, according to the 2022 edition of the Forbes’ Top 10 Africa’s Billionaires List. This is contained in a post on their verified Twitter account @Forbes. According to the report, for 11th year in a row,…
January 25, 2022
As the federal government on Monday backtracked on its earlier plans to remove subsidy on petroleum products, Chief Consultant at B. Adedipe Associates Limited, Dr. Biodun Adedipe, has given insights on what it will take Nigeria to finally resolve the subsidy controversy. The fuel subsidy started as part of efforts by the government to fix the…
January 25, 2022
...Rising inflation rates and falling oil supply is creating a dangerous situation for the global economy. ...Underinvestment, driven by the ESG trend that discouraged more spending on new exploration. ...If demand surprises forecasters again by not declining as much as expected, we're looking at an extended period of high prices. Concern about crude oil supply…
January 25, 2022
The rollout of 5G internet service in the United States has left many US-bound air travellers stranded at the various airports in Nigeria and around the world as many airlines were forced to cancel flights over safety reasons. The 5G rollout, The New Diplomat gathered, triggered a feud earlier in the week between the US…
January 22, 2022
The Assets Management Corporation of Nigeria (AMCON), has announced its decision to take over control of Ibadan Electricity Distribution Company (IBEDC) Limited. The development was disclosed in a memo issued by IBEDC's Chief Operating Officer, John Ayodele, and dated January 20, 2022. In the memo, AMCON triggered a takeover following a court ruling obtained on September…
January 21, 2022
The Supreme Court has backtracked on its earlier ruling which dismissed Guaranty Trust Bank’s (GTB) appeal against a N2.4 billion judgment in favour of Innoson Motors Nigeria Limited. The apex court set aside the ruling, while delivering a judgment in an application by GTB seeking the re-listing of the appeal on the grounds that it…
January 17, 2022
President Muhammadu Buhari, on Friday signed the 2022 Appropriation Bill of N17.126 trillion into law. The President assented to the bill at an event which held at the Council Chamber of the Presidential Villa in Abuja, the Federal Capital Territory (FCT) on new year's eve. Speaking at the event attended by Senate President Ahmed Lawan, Speaker…
December 31, 2021
Former President Olusegun Obasanjo has faulted the reaction of leader of the Pan Niger Delta Forum (PANDEF) and Chairman of the Board of Trustees, Ijaw National Congress (IJC), Chief Edwin Clark, insisting that oil found in the Niger Delta region belongs to Nigeria constitutionally as the fiery exchange between the two elder statesmen continued on…
December 28, 2021
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The Federal Government is seeking the extension of the implementation of the total removal of subsidy on Premium Motor Spirit (PMS), otherwise known as petrol by another 18 months. Minister of State for Petroleum Resources, Chief Timipre Sylva, made this disclosure during a press briefing with the State House Correspondents on Tuesday. Speaking during the…
January 25, 2022
Alhaji Aliko Dangote has retained his position as the richest man in Africa, with a net worth of $12.1 billion, according to the 2022 edition of the Forbes’ Top 10 Africa’s Billionaires List. This is contained in a post on their verified Twitter account @Forbes. According to the report, for 11th year in a row,…
January 25, 2022
As the federal government on Monday backtracked on its earlier plans to remove subsidy on petroleum products, Chief Consultant at B. Adedipe Associates Limited, Dr. Biodun Adedipe, has given insights on what it will take Nigeria to finally resolve the subsidy controversy. The fuel subsidy started as part of efforts by the government to fix the…
January 25, 2022
...Rising inflation rates and falling oil supply is creating a dangerous situation for the global economy. ...Underinvestment, driven by the ESG trend that discouraged more spending on new exploration. ...If demand surprises forecasters again by not declining as much as expected, we're looking at an extended period of high prices. Concern about crude oil supply…
January 25, 2022
The rollout of 5G internet service in the United States has left many US-bound air travellers stranded at the various airports in Nigeria and around the world as many airlines were forced to cancel flights over safety reasons. The 5G rollout, The New Diplomat gathered, triggered a feud earlier in the week between the US…
January 22, 2022
The Assets Management Corporation of Nigeria (AMCON), has announced its decision to take over control of Ibadan Electricity Distribution Company (IBEDC) Limited. The development was disclosed in a memo issued by IBEDC's Chief Operating Officer, John Ayodele, and dated January 20, 2022. In the memo, AMCON triggered a takeover following a court ruling obtained on September…
January 21, 2022
The Supreme Court has backtracked on its earlier ruling which dismissed Guaranty Trust Bank’s (GTB) appeal against a N2.4 billion judgment in favour of Innoson Motors Nigeria Limited. The apex court set aside the ruling, while delivering a judgment in an application by GTB seeking the re-listing of the appeal on the grounds that it…
January 17, 2022
President Muhammadu Buhari, on Friday signed the 2022 Appropriation Bill of N17.126 trillion into law. The President assented to the bill at an event which held at the Council Chamber of the Presidential Villa in Abuja, the Federal Capital Territory (FCT) on new year's eve. Speaking at the event attended by Senate President Ahmed Lawan, Speaker…
December 31, 2021
Former President Olusegun Obasanjo has faulted the reaction of leader of the Pan Niger Delta Forum (PANDEF) and Chairman of the Board of Trustees, Ijaw National Congress (IJC), Chief Edwin Clark, insisting that oil found in the Niger Delta region belongs to Nigeria constitutionally as the fiery exchange between the two elder statesmen continued on…
December 28, 2021
