$9.6bn P&ID Judgment: Senate Summons AGF, Others

The Nigerian Senate has summoned the Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN, over a verdict by a British Commercial Court, which on August 16 awarded judgment in the sum of $9.6bn against Nigeria over a failed contract between P&ID and the Federal Ministry of Petroleum Resources in 2010.

Mr. Godwin Emiefele, the Governor of the Central Bank of Nigeria (CBN) has hinted Nigerians on Why the apex bank increased its Value Added Tax (VAT) from 5% to 7.5%, saying the decision was to improve on the countries revenue generation.

We Are Ready To Work With Nigeria On Power Sector Reform – World Bank

The World Bank Group said on Monday that it is ready to work with the Nigerian government to revamp its power sector. This was disclosed by the World Bank’s Senior Communications Office in Nigeria, on Monday in Abuja, following a meeting with the International Finance Corporation.

Chi, Three Crowns Milk And Two Others Begins Local Production Of Milk - FG

According to the Federal Government of Nigeria, Chi Limited, the producers of Peak and Three Crowns, FrieslandCampina WAMCO, Neon Agro and Irish Dairy have all begun local production of milk across states in the country.

Full Rehabilitation Of All Refineries To Commence January 2020 – GMD NNPC

The Nigerian National Petroleum Corporation, NNPC, on Saturday expressed optimism that the nation’s refineries, located in Port Harcourt, Warri and Kaduna, will roar to life and commence refining of crude oil at optimum capacity before 2022.

The National Economic Council (NEC), chaired by Vice President, Yemi Osinbajo has yesterday debunked that the planned N100 billion National Livestock Transformation Plan (NLTP) does not include foreign Herdsmen.

Payment Of New Deposit/Withdrawal Charges Optional - CBN

The Central Bank of Nigeria (CBN) says the newly introduced controversial charges on bank deposits were optional. The apex bank also said that charges on withdrawals from banks were optional for individuals and businesses. The CBN made the clarification on its verified/official Twitter handle Sunday morning. 

Court Orders Forfeiture of P&IDs Assets Over $9.6bn Liability

The Federal High Court sitting in Abuja had on Thursday, 19th September 2019, granted the request by the Federal Government of Nigeria to seize all assets belonging to P&ID Limited, Virgin Island and its Nigerian affiliate, P&ID Nigeria Limited.

FG To Build Industrial Cluster In Niger Delta - Akpabio

Minister of Niger Delta Affairs, Godswill Akpabio, says the Federal Government is planning to build industrial clusters in nine states of the Niger Delta.

Osinbajo Presides Over NEC Meeting Amidst Reports Of Power Tussle In The Villa

Vice President, Yemi Osinbajo is currently presiding over the National Economic Council meeting at the Presidential Villa, Abuja.