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Shell Plc won its fight at the UK’s Supreme Court over a lawsuit into one of the largest oil spills off the coast of Nigeria after Britain’s top judges dismissed arguments that the oil giant could still be held responsible over a decade later. The Bonga oil leak in 2011 — said to be the largest spill in the Niger Delta for at least 20 years — was an environmental “catastrophe” that caused billions of dollars of damage, a group of almost 28,000 Nigerians had argued. Lawyers for two of the Nigerian claimants said that the spill of some 40,000…
President-elect, Bola Tinubu, on Wednesday, left Nigeria for Europe on a working visit. A statement from the office of the president-elect signed by Tunde Rahman on Wednesday said Tinubu, during the visit, will engage with investors and other key allies with the goal of marketing investment opportunities in the country and his administration’s readiness to enable a business-friendly climate through policies and regulations. This is the second time Tinubu will be travelling out of the country after he was declared president-elect on 1 March. He returned to Nigeria on 24 April after a four-week vacation in France. The statement said…
The Federal High Court Abuja, on Wednesday, gave an order of perpetual injunction restraining the National Broadcasting Commission (NBC) from imposing fines, henceforth, on broadcast stations in the country. The judge, James Omotosho, in a judgement, also set aside the N500,000 fines imposed, on 1 March 2019, on each of 45 broadcast stations. Omotosho held that the NBC, not being a court of law, had no power to impose sanctions as punishment on broadcast stations. He further held that the NBC Code, which gives the commission the power to impose sanction, is in conflict with Section 6 of the Constitution…
President Muhammadu Buhari has extended his London trip by a week over an appointment with his dentist. Special Adviser to the President on Media and Publicity, Femi Adesina, announced this in a statement on Tuesday. Buhari had travelled to the United Kingdom last week for the coronation of King Charles 111. The president, who joined world leaders for the historic occasion, had told the British monarch that the trip was his last official trip to the UK. He had thanked him and other leaders for the cooperation he enjoyed during the 8 years he spent with them. The president was…
The federal government, through the National Council on Privatisation (NCP), has approved Transcorp Group as the Preferred bidder for acquisition of Abuja Electricity Distribution Company (AEDC). The Vice President, Yemi Osinbajo, revealed this Tuesday at the inauguration of the 240 megawatts (MW) Afam 3-Fast Power Plant, owned by Transcorp, in Oyinbo, Rivers State. Thisday
Presidential Elections Petitions Tribunal in Abuja will today hold an inaugural sitting on the petitions filed by candidates of five political parties challenging the February 25 presidential election. Officials at the Court of Appeal headquarters in Abuja had last week announced that the inaugural session by the president of the court, Monica Dongban-Mensem, will form part of the pre-hearing session of the court. The pre-hearing session features issues such as amendment of writs, and motions, correction of typos, aligning of main issues in the petitions and outlining the hearing modalities and procedures. Barring any last-minute change, the tribunal panel will…
President Muhammadu Buhari will commission the multi-billion dollar Dangote oil refinery in two weeks, a presidency spokesperson said on Sunday, setting up the plant for its first production since construction started in 2016. Nigeria, Africa's biggest oil producer, sees the 650,000 barrels-per-day refinery - being built by billionaire industrialist Aliko Dangote's Dangote Group - as a solution to ending the country's reliance on imports for nearly all of its refined petroleum products. Spokesperson Bashir Ahmad said Buhari will commission the refinery, near Lagos, on May 22, a week before he is due to leave office after serving the maximum two…
A Max Air aircraft reportedly crash-landed on Sunday at the Nnamdi Azikiwe International Airport, Abuja. The aircraft was said to be arriving from Yola, Adamawa state when the incident occurred. Faithful Hope-Ivbaz, spokesperson of the Federal Airports Authority of Nigeria (FAAN), confirmed the incident to TheCable but declined to give further details. According to Daily Trust, the incident occurred after the plane’s tyre burst into flames. The Aerodrome Rescue and Fire-fighting Service (ARFFS) at the airport reportedly put out the fire while the passengers were safely disembarked from the plane. The runway has been temporarily shut until the evacuation of…
King Charles III was crowned Saturday at Westminster Abbey, in a ceremony steeped in ancient ritual and brimming with bling at a time when the monarchy is striving to remain relevant in a fractured modern Britain. At a coronation with displays of royal power straight out of the Middle Ages, Charles was given an orb, a sword and scepter and had the solid gold, bejeweled St. Edward’s Crown placed atop his head as he sat upon a 700-year-old oak chair. In front of world leaders, foreign royals, dignitaries and a smattering of stars, the monarch declared, “I come not to…
Over 40 percent of deposits in local banks are now in United States (U.S.) dollars, the International Monetary Fund (IMF) has said. It blamed the trend of saving in hard currency on rising inflation and exchange rate volatility. The IMF described the practice as a confirmation of loss of confidence in the local currency, adding that “it is usually difficult to reverse”. According to the IMF, market participants defend their wealth by shifting to dollar savings under high and persistent inflation. In its Report on dollar savings, the Fund said “Nigeria operates with dollar bias for international trade, finance invoicing…
June 13, 2025

Oil soars more than 9% after Israel strikes Iran

Oil prices surged more than 9% on Friday, hitting their highest in almost five months…
June 12, 2025

Nationwide protests loom as Tinubu addresses N’Assembly on Democracy Day

Tension is high as the Take It Back Movement leads nationwide protests today, June 12,…
June 12, 2025

Self-made millionaire shares the hardest money conversation he had with his wife: ‘I’m sweating thinking about it’

Self-made millionaire, author and TV host Ramit Sethi knows a thing or two about money.…
June 07, 2025

‘Nigerians are marrying all our daughters’, Kenya’s President Ruto, cries out

Kenyan President William Ruto has stirred up a storm on social media with his provocative…
June 10, 2025

13 killed in fresh attacks in sokoto and plateau states amid rising insecurity

At least 13 people have been killed in separate violent incidents in Sokoto and Plateau…
June 13, 2025

What to know after Day 1205 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Russia creating dedicated drone force – Putin Russia is in the process of…
June 13, 2025

Your favorite alcoholic beverage linked to deadly form of cancer, study finds

Nicole Saphier joins 'America's Newsroom' to discuss the surgeon general pushing for cancer warning labels…
May 13, 2025

Nigeria's Flying Eagles qualify for World Cup after dramatic win over Senegal

Nigeria's U-20 national football team, the Flying Eagles, have secured their place at the 2025…

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