Category National

BREAKING: Court Grants Yahaya Bello N500m Bail

  THE Federal High Court, Abuja, on Friday, granted the immediate past Governor of Kogi State, Yahaya Bello, bail in the sum of N500 million with two sureties in like sum. This was after the former governor had pleaded not…

Seplat Completes Acquisition of Mobil at $800m

  NIGERIA’s indigenous firm, Seplat Energy Plc, has finally completed its acquisition of Mobil Producing Nigeria Unlimited, MPNU, from ExxonMobil at $800 million after over two years when the first deal was signed. The company disclosed this in a recent…

NEC to Boost RMAFC’s Funds by 0.05%

  THE National Economic Council (NEC) has recommended 0.05 per cent increase in funds allocated to the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) from non-oil sources. Gov. Chukwuma Soludo of Anambra said this while briefing State House correspondents after…

FG Issues Ultimatum to Lagos Shoreline Developers

  THE Federal Government has given a one-month ultimatum to developers along the Lagos shoreline to regularise their activities or face revocation and demolition. This is contained in a statement by Mr Salisu Haiba, Director of Press and Public Relations,…