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Framework on charcoal, forest governance underway

The Permanent Secretary, Ecological Project Office, Dr. Aishetu Ndayako has reaffirmed government’s commitment to co-developing a national action framework with Centre for Renewable Energy and Action on Climate Change (CREACC-NG) on charcoal and forest governance, backed by science, equity and sustainability. Ndayako disclosed this at a one day high level stakeholder dialogue on charcoal production…

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Dangote Refinery withdraws ₦100b suit against NNPCL, NMDPRA, others

Dangote Petroleum Refinery and Petrochemicals has withdrawn its lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian National Petroleum Company Limited (NNPCL), and five other petroleum companies. The case, filed at the Federal High Court Abuja, was formally withdrawn by the plaintiff’s legal team. According to a notice of discontinuance filed…

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Abuja court voids arbitration proceedings against Aiteo E&P in Tempo Energy suit

The Federal Capital Territory (FCT) High Court in Abuja has nullified the arbitration proceedings at the International Chamber of Commerce (ICC), London, instituted against indigenous energy giant, Aiteo Eastern E&P Company Limited, by a group of lenders that partly financed its acquisition of OML 29, declaring its conduct a violation of the injunctive orders of…

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EFCC recovers nearly $500m in one year

The Economic and Financial Crimes Commission (EFCC), Nigeria’s economic crimes commission said it recovered nearly $500 million in proceeds of crime last year and secured more than 4,000 criminal convictions, its highest since the agency’s inception more than two decades ago. Africa’s biggest energy producer, Nigeria has struggled for decades with endemic corruption, which many…

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