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Category: NEWS

NEWS

Court Bars KPMG, PWC, Deloitte, Ernst & Young from Providing Legal Services in Nigeria: “The Nigerian Legal Profession Has No Cause to Jubilate” – Funke Adekoya, SAN

“The Federal High Court has barred the big four accounting and consulting firms in Nigeria; KPMG, PWC, Ernst & Young and Deloitte from providing legal services in Nigeria.” With all …

NEWS

In First Major Post-PIA Deal, Seplat Acquires Mobil Producing Oil Assets in Nigeria

Seplat Energy yesterday announced its acquisition of oil and gas assets belonging to Mobil Oil Producing Nigeria Unlimited (MPNU), in a deal seen as the first since the signing of …

NEWS

Geometric Finally Takes Over Aba Ringed Fenced Area

The lingering tussle over who owns the Aba ring-fenced area between Geometric Power and Interstate Electric( Owners of the Enugu Electricity Distribution Company (EEDC) has finally been laid to rest …

NEWS

Industry regulator applauds Shell for investing in Nigerian gas infrastructure

Leading energy company, Shell Nigeria Gas (SNG), has received accolades from industry regulator, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), for deliberate and active investment in Nigeria’s critical …

NEWS

Sanwo-Olu Signs Bills On Real Estate Transactions, Dangerous Animals In Lagos

The Lagos State Governor, Mr. Babajide Sanwo-Olu, has signed three bills into law on Monday. They are those regulating the real estate transactions in Lagos State; law to provide for …

NEWS

EFCC grills Ahmed Kuru, AMCON MD, over corruption allegations

The Economic and Financial Crimes Commission (EFCC) is quizzing Ahmed Kuru, managing director of the Assets Management Corporation of Nigeria (AMCON), over allegations related to sale of assets. A top …

NEWS

Alleged Fraud: Court Remands Saipem MD, Chinakwe, Orders Arrest Of 3 Other Expatriates

A Rivers State High Court, Presided over by Justice Okogbule Gbasam, on Tuesday ordered the Managing Director of Saipem Contracting, Walter Peviana and Kelechi Sinteh Chinakwe be remanded in Port …

NEWS

Five Indigenous Companies Bid For $3bn Shell’s Onshore Oilfields

Five indigenous oil and gas companies are set to bid for Shell’s onshore oilfields before January 2022 ends. According to documents and source privy to the process, the sales of …

NEWS

UNION BANK CORE INVESTORS TO SELL MAJORITY STAKE TO TITAN TRUST BANK

The Board of Union Bank of Nigeria Plc (Union Bank) today notified theNG X and Securities Exchange Commission that its investors Union Global Partners Limited,Atlas Mara Limited and other shareholders …

NEWS

Shell plans to move headquarters to the UK amid new structure

Oil giant Shell is planning to move its headquarters from the Netherlands to the UK, pending a key shareholder vote next month. The board of the energy supermajor announced that …

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