News

Saturday, 12 November 2022 05:50

Italian court dismisses Nigeria's $1.1bn compensation request against Eni, Shell

An appeals court in Milan on Friday rejected Nigeria's $1.092 billion compensation request against Italian energy group Eni SpA and Shell Plc in civil proceedings relating to a $1.3 billion oilfield deal. The decision was read out in court. In July prosecutors had dropped related criminal proceedings, clearing Eni and Shell, as well as managers including Eni Chief Executive Claudio Descalzi, in one of the oil industry's biggest alleged corruption cases. The main case revolved around a deal in which Eni and Shell acquired the OPL 245 offshore oilfield in 2011 to settle a long-standing dispute over ownership. Prosecutors alleged…

Saturday, 12 November 2022 05:43

What to know after Day 262 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Russian forces have completed the their redeployment to the left bank of the River Dnieper in Kherson Region, the Defense Ministry has said. The maneuver was completed early Friday morning, according to a statement. The ministry denied reports that military hardware was abandoned during the process, or that Moscow suffered casualties during the withdrawal “Russian units have taken the prepared defensive lines and positions,” the ministry said. “No loss of personnel, weapons, vehicles, or materiel of the Russian forces was allowed. All civilians who wished to leave the right bank of Kherson Region were provided with assistance.” The…

Friday, 11 November 2022 06:48

NNPCL says petrol landing cost N510 per litre. Here’s the breakdown

Group Chief Executive Officer (GCEO) of Nigerian National Petroleum Company Limited, Mele Kyari, has disclosed that the landing cost of Premium Motor Spirit(PMS), popularly called petrol is thrice N170 per litre. Kyari, stated this on Wednesday at the Legislative Transparency and Accountability Summit organised by the House of Representatives Committee on Anti-Corruption in Abuja . His declaration was coming barely two months after he told the resumed hearing of the ad hoc committee of the House of Representatives investigating subsidy regime from 2013 to date, chaired by Ibrahim Mustapha, that landing cost of petrol was N327.68 per litre. But less…

Friday, 11 November 2022 06:43

What to know after Day 261 of Russia-Ukraine war

WESTERN PERSPECTIVE Ukrainian troops have reclaimed dozens of landmine-littered settlementsabandoned by Russian forces in southern Ukraine, officials said, the day after Moscow announced its withdrawal from the strategic capital city of Kherson province. CONFLICT * Ukrainian forces have liberated 41 settlements as they advance through the south of the country, President Volodymyr Zelenskiy said. * Ukraine's army chief Valeriy Zaluzhnyi said Kyiv could not yet confirm whether Russia was indeed pulling out of Kherson, but that Ukrainian troops had advanced7 km (4 miles) in the past 24 hours. * A small group of Ukrainian soldiers was shown on Ukraine's state…

Thursday, 10 November 2022 06:11

FG approves committee for sale, repurposing of abandoned govt buildings, others

Federal executive council (FEC) has approved the setup of a committee to examine, repurpose, privatise, or transfer ownership of unfinished and abandoned government structures. The decision was taken on Wednesday at the FEC meeting presided over by Vice-President Yemi Osinbajo. The committee, which will be chaired by minister of finance, is expected to examine projects initiated over the last five years. According to Clement Agba, minister of state for budget and national planning, the FEC also approved the creation of a database of national capital projects to track abandoned and uncompleted projects across the country. Agba said the initiative, under…

Thursday, 10 November 2022 06:09

Buhari visits King Charles III in Buckingham Palace

President Muhammadu Buhari, on Wednesday, met with King Charles III at Buckingham Palace in the United Kingdom. The meeting between the two leaders is the first since the ascension of King Charles III to the throne. Buhari travelled to the UK for medical checkup on October 31. The Cable

Thursday, 10 November 2022 06:08

US, EU plan new pledge targeting oil and gas emissions in Nigeria, others

The United States and European Union plan to unveil a joint agreement at the U.N. climate summit this week to step up efforts to reduce emissions of the potent greenhouse gas methane from the fossil fuel sector, and are hoping other nations will sign up. A draft of the pledge, seen by Reuters, said the United States and EU will agree to target the energy sector with both domestic and international measures, such as policies to stop routine venting and flaring of natural gas, and require companies to fix leaks in their infrastructure. Both the United States and EU, the…

Thursday, 10 November 2022 06:06

What to know after Day 260 of Russia-Ukraine war

WESTERN PERSPECTIVE Moscow ordered troops to withdraw from near the strategic southern Ukrainian city of Kherson in a major setback as a top U.S. general estimated Russia has suffered more than 100,000 killed or wounded since invading its neighbour in February. Defence Minister Sergei Shoigu on Wednesday announced Russian forces would retreat from the west bank of the Dnipro River near Kherson in what could be a turning point in the war. Ukraine reacted with caution, noting some Russian forces remained in Kherson and reinforcements were being sent to the region. "They are moving out but not as much as…

Wednesday, 09 November 2022 06:54

FIRS surpassed total collection for 2021 by N1.1trn within 9 months of 2022 - Report

Chairman, Federal Inland Revenue Service, FIRS, Muhammad Nami, yesterday said the service collected N7.5 trillion taxes in 2022 and also surpassed the Education Tax, ET, fund target for the year with N4 billion. Nami stated this during 2022 Tertiary Education Fund, TETFUND/FIRS joint interactive forum in Kano. Represented by the Kano State Coordinator, Hassan Sule, the Chairman said “It is noteworthy that despite the economic headwinds, particularly from the negative consequences of Covid-19, rising insecurity and the spill-over effects of the Russia-Ukraine war on the global economy, FIRS has continued to make progress in revenue mobilization for the three tiers…

Wednesday, 09 November 2022 06:53

FG wants to release 30 percent of prisoners for the following reasons

Rauf Aregbesola, Minister of Interior, has written to the Nigerian Governors Forum to request a meeting in order to decongest jails around the country. This was made known to our correspondent by the Minister’s Media Adviser, Sola Fasure, on Tuesday. In exactly one month, Aregbesola stated he would meet with state governors to agree on the mass release of at least 30 per cent of convicts from correctional facilities across the country. The minister said that the interface was necessary as more than 90 per cent of the inmates were being held for contravening various state laws, noting that over…

More...

Wednesday, 09 November 2022 06:50

ASUU to FG: Paying us half salaries is treating us as casual workers that we aren’t

Academic Staff Union of Universities (ASUU) says it is considering challenging the Federal Government in court for paying its members what it described as “so-called ‘pro-rata’ payment for 18 days as the October 2022 salaries of academic”. The union also said the government’s so-called ‘pro-rata’ payment, is not only an aberration, but a contravention of all known rules of engagement in any contract of employment for academics the world over. President of the union, Emmanuel Osodeke, who stated this after a marathon National Executive Council meeting which started on Monday and ended early Tuesday morning, argued that members of the…

Wednesday, 09 November 2022 06:46

What to know after Day 259 of Russia-Ukraine war

RUSSIAN PERSPECTIVE The Kiev government is in the process of orchestrating a provocation involving a dirty bomb or a nuclear power plant incident, Russian Ambassador to the US Anatoly Antonov said in an article published on Wednesday. "Today we face the threat of a radiation disaster. Kiev is planning to commit a provocation by exploding a 'dirty bomb.' Detonation of such radiological explosive device will have the magnitude comparable to an explosion of a low-yield nuclear weapon. The blast wave will disperse radioactive substances over the area of up to several thousand square meters. Contaminated territories will turn into an…

Tuesday, 08 November 2022 05:49

FIRS appoints banks, MTN, Airtel, others as VAT collection agents

Federal Inland Revenue service (FIRS) has appointed MTN, Airtel and all money deposit banks as VAT collection agents starting from January 2023. FIRS in a statement yesterday said the directive is in line with the provisions of Section 14(3) of the Value Added Tax Act Cap. VI LFN 2004 (as amended), that enables the companies to withhold or VAT charged on all taxable supplies made to them. The statement said the companies shall remit the tax withheld or collected, in the currency of transaction, to the service on or before the 21st day of the month immediately following the month…

Tuesday, 08 November 2022 05:48

Widows of ‘Ogoni Nine’ end their case in the Netherlands against Shell

A group of four widows who had sought to hold Shell liable for damages in the Netherlands after their anti-oil activist husbands were executed by the Nigerian government in 1995 have cancelled further legal proceedings, their lawyer said on Monday. "Obviously this is not without disappointment and frustration," said lawyer Channa Samkalden in statement announcing that the widows have cancelled an appeal launched after the Hague District Court rejected their case earlier this year. "This has been a lengthy and demanding procedure, which makes them re-live horrible events, while the outcome is most uncertain." The widow's husbands had been among…

Page 132 of 826

News

More...

Search

Most Read

Editorial

News

Business

Politics

Opinion

Features

Strangely

Crime

Wars

SCIENCE & TECH

SPECIAL REPORTS

Sports

VIDEOS