By Seun Ibiyemi The Economic and Financial Crimes Commission (EFCC) has urged former Bayelsa State Governor, Timipre Sylva, to make himself available for questioning over an alleged $14.86 million fraud. The EFCC spokesman, Dele Oyewale, made the call on Monday while responding to allegations by Sylva that the anti-graft agency had become more of an…
By Seun Ibiyemi The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has clarified that oil and gas operators will not be required to pay the Terminal Navigational Charge (TNC) for helicopter landings at privately owned offshore facilities and petroleum platforms. The clarification followed concerns by upstream operators over the enforcement of a $300-per-landing charge for air…
The African Democratic Congress (ADC) has rejected the Presidency’s claim that its presidential candidate, Atiku Abubakar’s proposal to reduce fuel prices through a production subsidy could cost the Federal Government about N19.1 trillion annually. The opposition party described the estimate as speculative, arguing that the Presidency arrived at the figure by constructing a subsidy model…
By Seun Ibiyemi A Federal High Court sitting in Lagos has restrained the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) from shutting down or interfering with the operations of the Dangote Petroleum Refinery pending the determination of a substantive suit challenging the regulator’s directive. Justice Akintayo Aluko issued the interim injunction on Monday after…
By Seun Ibiyemi Vice-President Kashim Shettima has warned that Nigeria will no longer tolerate the dehumanisation or mistreatment of its citizens by any government, amid renewed concerns over xenophobic and Afrophobic attacks against Nigerians in South Africa. Shettima, who represented President Bola Tinubu at the 21st Extraordinary Session of the Assembly of Heads of State…
