Supreme Court dismisses Shell’s application to review Ogoni N17bn judgment case

The Supreme Court on Friday dismissed an application by an oil giant, Shell Petroleum Development Company, requesting a revisit of a January 11, 2019 judgment ordering it to pay N17bn to some Ogoni communities in Rivers State affected by an oil spill from the company in 1970. A five-man panel led by Justice Olabode Rhodes-Vivour unanimously dismissed the company’s application …

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20 states, firms to implement methanol fuel technology

Over 20 states and private companies are set to partner with the Federal Government to implement the methanol fuel technology in their respective domains, the Minister of Science and Technology, Ogbonnaya Onu, said on Thursday. Methanol fuel is an alternative biofuel for internal combustion and can be used in other engines, either in combination with Premium Motor Spirit, popularly called …

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Today’s Exchange Rate

November 24, 202000 47 Naira gains, exchanges for N457 per Dollar Currencies To the naira {N] US dollar{USD} 381.20 Euro {EUR} 452.70 British Pound {GBP} 509.66 Australia Dollar {AUD} 280.53 Brazilian Real {BR} 70.06 Canadian Dollar {CAD} 292.63 Central African CFA franc{XAF} 0.69 Chinese yuan {RMB} 57.96 Egyptian Pound {EGP} 24.37 Ghanaian Cedi {GHS} 65.02 Hong Kong Dollar 49.17 India …

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NCC pledges more collaboration with Nigerian universities

The Nigerian Communications Commission has pledged more collaboration with universities in the country towards transforming Nigeria into a knowledge-based economy. The Chairman of the NCC board, Prof. Adeolu Akande, said this while paying a courtesy visit to the Vice-Chancellor of Bayero University, Kano, Prof. Sagir Abbas. NCC Director of Public Affairs, Dr. Ikechukwu Adinde, said this in a statement on …

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Recession: Nigeria’s economy on way to recovery, says Osinbajo’s aide

Laolu Akande, Senior Special Assistant on Media and Publicity to Vice-President Yemi Osinbajo, says contrary to predictions by critics, the Nigerian economy is on its path to recovery. Akande was reacting to the latest report released by the National Bureau of Statistics which showed that Africa’s biggest economy entered a second recession in five years. The PUNCH had reported that …

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Fuel price hike: NLC, TUC meeting with Federal Government hit rock

Labour yesterday walk-out from a meeting called by the Federal Government to resolve issues bordering on recent increases in the pump price of petrol and electricity tariff. It was learnt that representatives of the Nigerian Labour Congress (NLC) and Trade Union Congress (TUC) left the venue of the meeting in protest barely five minutes after it started. TUC President, Quadri …

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