The Dangote Group has clarified that no fresh legal case has been filed against the Nigerian National Petroleum Company Limited (NNPCL) or other parties involved in a dispute that began in June 2024 and led to a formal filing in court on September 6, 2024. In light of ongoing discussions prompted by President Bola Tinubu’s directive concerning the Crude Oil and Refined Products Sales in Naira Initiative, which was approved by the Federal Executive Council (FEC), significant progress has been made. ALSO READ Dangote seeks N100bn damages against NNPCL ALSO READ Dangote now 65th world richest person with $28bn ALSO…
Author: Abdoulaye Kay
Dangote Petroleum Refinery and Petrochemicals FZE, has approached the Federal High Court in Abuja, praying it to nullify import licenses the Nigeria National Petroleum Corporation Limited (NNPCL) and six others secured to import refined petroleum products into the country. It also sought general damages in the sum of N100 billion against the NNPCL and an order of court directing the NNPCL to seal off all tank farms, storage facilities, warehouses, and stations used by the defendants to store all refined petroleum products imported into Nigeria. The plaintiff, in the suit, marked: FHC/ABJ/CS/1324/2024, is querying the propriety of the license issued to the…
The South African National Defence Force (SANDF) plays a critical role in safeguarding South Africa’s sovereignty and territorial integrity. As the backbone of South Africa’s defence infrastructure, the SANDF processes vast amounts of personal information, but also classified information essential to its operations, intelligence and planning. Given this crucial function, the SANDF is expected to maintain the highest level of security when it comes to protecting its data systems. However, there have been recent allegations that its data systems were “compromised” by an installer’s SIM cards and open access Wi-Fi. It was reported by City Press that the computer management…
Polaris Bank is organizing an open workshop for all classes of Journalist across the media spectrum as one of its critical CSR intervention meant to positively impact key stakeholders. This is part of its ongoing commitment to continually empower the Nigerian media and enable it play the critical watchdog role in the society, The 2024 media workshop with the theme: “Integrating AI tools in Contemporary Media practices for Innovation and Excellence” falls within the Bank’s intervention programs under its Education/Capacity Building Strategic Corporate Social Responsibility(CSR) pillar which deepens media relations, and contribute to the overall development of Nigeria’s media landscape. Scheduled…
“The trade of governing has always been monopolised by the most ignorant and the most rascally individuals of mankind.” — Thomas Paine (1737-1809) Last week, we examined how certain leaders tend to overlook their inadequacies while scrutinising the failings of others. We likened them to individuals whose cerebral configurations had been exchanged with those of donkeys upon their ascension to leadership. Consequently, one may never restore their cognitive faculties, no matter how fervently one endeavours to reboot one’s senses. One such leader endeavoured to persuade his audience that Nyesom Wike’s appointment as a minister in an opposition party government was not…
The President of the African Development Bank (AfDB), Akinwumi Adesina, has disclosed that Nigeria currently has the largest population of people living without electricity worldwide. He made this statement during the 90th birthday celebration of former Head of State, General Yakubu Gowon. According to Adesina, approximately 86 million Nigerians lack access to the essential commodity, positioning Nigeria at the top of the global list in this regard. He emphasized that the absence of a reliable power supply is severely impacting businesses and industries across the country. “The International Monetary Fund (IMF) estimates that Nigeria loses about $29 billion annually, or…
Summary: Suspected Boko Haram members have released a graphic video depicting the beheading of four abducted individuals in Gwoza, Borno State, Nigeria. The footage shows the terrorists parading five women and two men before executing them, claiming the victims supported military actions against them. Among those killed were alleged Red Cross workers, though this remains unverified. By Abdulkareem Haruna A particularly disturbing element was the execution of a young woman by a relative, highlighting the brutal nature of the violence. Despite the horror, three elderly women were spared, with the terrorists not targeting those with grey hair. The group announced…
Nigerians have been plunged into darkness yet again following the collapse of the national power grid, marking the third such incident within a week and further compounding the nation’s ongoing power supply crisis. The latest grid failure occurred in the early hours of Saturday, leaving millions across multiple states without electricity. This recurring issue has led to widespread frustration as homes, businesses, and essential infrastructure are left crippled by the unreliable power supply. For many Nigerians, the repeated power outages have become emblematic of the deeper systemic failures that have long plagued the country’s energy sector. According to data from…
The Milken Institute and the Motsepe Foundation announced the 10 teams advancing to the Semifinalist Round of the Milken-Motsepe Prize in FinTech, with each team receiving $100,000 in funding. Responding to a global call for applications, this prize supports innovative solutions to expand access to tools necessary for financial inclusion across emerging and frontier markets. The Semifinalists will participate in an Innovation Showcase at the Milken Institute’s Middle East and Africa Summit on December 5-6, 2024, in Abu Dhabi, UAE. During this event, the 10 teams will pitch their innovations to a panel of expert judges and investors, and three…
Seattle-based non-profit Grow Further is channelling $300,000 from individual donors and corporate partners to fund cutting-edge research and development projects in Zimbabwe and Ethiopia. These initiatives aim to equip hundreds of thousands of smallholder farmers with climate-resilient crops to combat worsening droughts, hunger, and malnutrition, benefiting over 4 million farmers. Grow Further, known for empowering smallholder farmers in developing countries, will distribute the funds to agricultural scientists over five years. These scientists will focus on innovative solutions that help farmers adapt to climate change, improve crop yields, and boost nutrition. The International Crops Research Institute will implement the projects for the…