The logic behind continuous crashing of Naira – Osinbajo

Acting-President, Yemi Osinbajo on Tuesday fingered corruption and the vandalization of pipeline facilities in the Niger-Delta region as accounting for the continuous fall of the Naira against the dollar. Osinbajo stated this in Port-Harcourt while chiding members of the opposition who criticize the federal government for the fall of the Naira against More...

by Bar and Bench | Published 1 week ago
By Bar and Bench On Tuesday, February 14th, 2017
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Malabo Oil Scam: Shell, Agip ask court to nullify forfeiture order

Shell Nigeria Exploration and Nigeria Agip Exploration have asked the Federal High Court, Abuja, to discharge the order of forfeiture on OPL 245 granted the Economic and Financial Crimes Commission (EFCC). Justice More...

By Bar and Bench On Friday, February 10th, 2017
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Ex- NNPC’s GMD admits ownership of recovered $9.8m

The former Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Andrew Yakubu, has admitted ownership of the recovered money totalling 9.8 million dollars from his home. The Economic and More...

By Bar and Bench On Friday, February 10th, 2017
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Nigeria loses $80bn annually to oil facilities vandalism – Kachikwu

The Minister of State for Petroleum, Ibe Kachikwu, on Friday said Nigeria is losing at least $80 billion annually  to oil facilities vandalism in the Niger Delta. Kachikwu stated this on in Yenagoa, Bayelsa, during More...

By Bar and Bench On Friday, February 10th, 2017
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Again, Naira crashes to N506/$ at Parallel Market

The naira hit a fresh low at the black market on Friday as it was sold at N506 per dollar, as traders tested new levels to try to tempt dollar holders to sell. The currency has hovered near the N500 level for more More...

By Bar and Bench On Thursday, February 9th, 2017
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EFCC operatives raid home of ex-GMD of NNPC, recovers $9.2m loot

NNPC Operatives of the Economic and Financial Crimes Commission (EFCC) on Thursday raided the home of former General Managing Director of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, in Kaduna More...

By Bar and Bench On Thursday, February 9th, 2017
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N145bn Debt: AMCON takes over Arik Air, appoints new management

Asset Management Company of Nigeria (AMCON) has taken over the troubled Nigerian carrier, Arik Air. The decision to take over the airline came after months of speculations with denials by the management of Arik More...

By Bar and Bench On Thursday, February 9th, 2017
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Court to rule on jurisdiction to hear disengaged NAICOM workers suit March 22

The National Industrial Court sitting in Abuja on Thursday fixed March 22 for ruling in a case of alleged unpaid pension instituted by Aliyu Sani and 18 others against the National Insurance Commission (NAICOM). The More...

By Bar and Bench On Thursday, February 9th, 2017
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TUC protests, scores Buhari’s administration low, says Nigerians are hungry, with no houses, light

The President of the Trade Union Congress (TUC), Bobboi Kaigama, on Thursday scored the performance of President Muhammadu Buhari’s administration very low, saying his tenure has inflicted variegated sufferings More...

By Bar and Bench On Thursday, February 9th, 2017
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Malabu Oil: Italian prosecutors seek trial of Eni CEO

Italian prosecutors have recommended the trial of the Chief Executive Officer of Italian energy major, Eni, Mr. Claudio Descalzi, over alleged corruption in the deal involving Nigeria’s Oil Prospecting Lease More...