Tag: business

Peter Mbah: Redefining Governance and Setting a New Benchmark in Enugu State

Governor of Enugu State Dr Peter Ndubuisi Mbah

By Prof Chris Mustapha Nwaokobia Jnr In less than three years in office, Governor Peter Ndubuisi Mbah has emerged as one of Nigeria’s most visionary and results-oriented State leaders. Through a blend of innovation, technology, fiscal discipline, and bold reforms, Mbah is steadily transforming Enugu State from a once “civil service economy” into a thriving… Read More Peter Mbah: Redefining Governance and Setting a New Benchmark in Enugu State

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BREAKING: GHL Floors First Bank As Court Sets Aside Assets Freezing Orders

General Hydrocarbons Limited Denies Owing First Bank of Nigeria

….Judge Says First Bank Suppressed Relevant Facts To Secure Order In a landmark victory for General Hydrocarbons Limited,  the Federal High Court in Lagos has set aside an order of Mareva injunction freezing  the assets of the company and its directors. The court, while upholding the arguments of GHL’s counsel, Abiodun Layonu, SAN held that … Read More BREAKING: GHL Floors First Bank As Court Sets Aside Assets Freezing Orders

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THISDAY is 30, and Resilient on Jan 27

THISDAY, Nigeria’s Foremost Newspaper of Record, has clocked 30 years on the news stands.   To mark the occasion, it has already set out to honour some of the nation’s ‘Tough and Resilient’ persons and institutions in selected fields of endeavours on Monday, January 27. The presentation of first awards began in Davos, Switzerland on Tuesday.… Read More THISDAY is 30, and Resilient on Jan 27

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How First Bank’s Recklessness Endangered 93 Lives on Oil Rig, General Hydrocarbons Limited Reveals

How First Bank's Recklessness Endangered 93 Lives on Oil Rig, General Hydrocarbons Limited Reveals

A bitter dispute has erupted between General Hydrocarbons Limited (GHL) and First Bank of Nigeria (FBN) over allegations of recklessness, diversion of funds, and abuse of court processes. In a strongly-worded statement, GHL accused FBN of putting the lives of 93 people at risk on an oil rig due to its failure to meet its… Read More How First Bank’s Recklessness Endangered 93 Lives on Oil Rig, General Hydrocarbons Limited Reveals

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General Hydrocarbons Limited Denies Owing First Bank of Nigeria $225 Million

General Hydrocarbons Limited Denies Owing First Bank of Nigeria

In a recent statement, General Hydrocarbons Limited (GHL) has vehemently denied allegations of owing First Bank of Nigeria (FBN) $225 million. The statement, signed by Abdelmuizz Bello, Director of Strategy & Operations at GHL, provides a detailed breakdown of the issues in dispute between GHL and FBN. According to the statement, GHL entered into a… Read More General Hydrocarbons Limited Denies Owing First Bank of Nigeria $225 Million

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EDA Hosts Pan Africa/USA Business Summit in Minnesota December 5 -7

Nnadi Udoka, Nigeria's Country Representive for EDA

A Non-Profit Organization with focus on promoting equity and economic inclusion, Equitable Development Action (EDA) in partnership with Tibro Global Company Ltd, has concluded plans to hold Pan Africa/USA Business Summit in Minnesota with the aim of powering Pan Atlantic Economic Transformation through Trade and Investment. In a press statement released in Abuja on Thursday… Read More EDA Hosts Pan Africa/USA Business Summit in Minnesota December 5 -7

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New Youth Assembly of Nigeria’s Speaker Hails Matawalle’s Leadership, Loyalty

Youth Assembly of Nigeria (YAN) logo

The Nigeria’s Minister of State for Defence, Dr. Muhammed Bello Matawalle, has received praise from Comrade Famuyibo Oluwasegun, the newly elected National Speaker of the Youth Assembly of Nigeria (YAN). Oluwasegun commended Matawalle’s courage in combating bandits and terrorists in North West of the country and his loyalty to President Bola Ahmed Tinubu. During his… Read More New Youth Assembly of Nigeria’s Speaker Hails Matawalle’s Leadership, Loyalty

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AfDB Board Approves $100m for Establishment of Youth Entrepreneurship Bank in Nigeria

African Development Bank building

The Africa Development Bank (AfDB) has approved $100m for the establishment of in Nigeria. The President AfDB, Dr Akinwunmi Adesina, disclosed this Friday, in Abuja while delivering the keynote address at a public lecture to celebrate the 90th birthday anniversary of former Head of State, Gen. Yakubu Gowon. Adesina said the new bank will support… Read More AfDB Board Approves $100m for Establishment of Youth Entrepreneurship Bank in Nigeria

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Port Harcourt Refinery Deception: NNPCL Accused of Installing Blending Plant To Mix Substandard Russian/Maltese Products In Nigeria

Port Harcourt Refinery Deception: NNPCL Accused of Installing Blending Plant To Mix Substandard Russian/Maltese Products In Nigeria

A recent investigation has uncovered shocking details about the Nigerian National Petroleum Company Limited’s (NNPCL) plans for the Port Harcourt Refinery, which has already cost Nigerian taxpayers $2 billion. Sources close to the matter allege that the company intends to convert the refinery into a blending plant for substandard petroleum products from Russia and Malta.… Read More Port Harcourt Refinery Deception: NNPCL Accused of Installing Blending Plant To Mix Substandard Russian/Maltese Products In Nigeria

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CNPP Wants for NNPC Boss to Step Down Over Subsidy Scam, Fuel Scarcity, Refinery Mismanagement

The Conference of Nigeria Political Parties (CNPP) has called for the Nigerian National Petroleum Company Limited (NNPC) to be held accountable for Nigeria’s economic woes, citing allegations of subsidy scams, importation of substandard petroleum products, and mismanagement of the Port Harcourt Refinery. According to the CNPP, in a statement signed by its Deputy National Publicity… Read More CNPP Wants for NNPC Boss to Step Down Over Subsidy Scam, Fuel Scarcity, Refinery Mismanagement

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