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However, the Nigerian government is also investigating claims that Innoson Motors is guilty of fraud. [1] Innoson Motors began its case against GT Bank in 2011. Recently, the Nigerian Supreme Court ruled in favor of Innoson Motors claim against GT Bank, and the company says that it is due to take over GT Bank in lieu of receiving its money. [2]
Oil and gas exports account for over 90% of all Nigerian export revenues. [4] While many politicians own or have shares in these industries, tax revenues from the energy sector are diminished and the benefits of Nigeria's energy wealth is not evenly distributed throughout the country with Lagos State benefitting disproportionately. [5]
Nigerian Electricity Regulatory Commission (NERC) Nigerian Content Monitoring and Development Board (NCMDB) Nigerian National Petroleum Corporation (NNPC) Nigerian Nuclear Regulatory Authority (NNRA) Petroleum Product Pricing Regulatory Agency (PPPRA) Power Holding Company of Nigeria (PHCN) - defunct [1] Rural Electrification Agency (REA)
In legal filings seen by CNN, the Nigeria Police Force alleged that Okoli used her Facebook account “with the intention of instigating people against Erisco Foods,” adding in a statement on ...
The Companies and Allied Matters Act, 2020 (CAMA 2020) is a Nigerian federal legislation that governs the establishment and management of companies in Nigeria. [1] It supersedes and replaces the Companies and Allied Matters Act, 2004, which was itself an update of the Companies Act of 1968.
Before meeting with the unions, the government agreed with representatives of the private sector on a ₦62,000 minimum wage, well below the unions' demands. In his address to Joe Ajaero and Festus Osifo, Tinubu emphasised that his government's priority was the welfare of Nigerian workers, saying that "A happy worker is a productive worker.
NEXT's experience highlights broader challenges within the Nigerian media environment, where investigative journalism remains precarious. [6] As documented by Onyenankeya and Salawu, journalists often face threats, harassment, and poor remuneration, discouraging many from pursuing investigative work. [ 6 ]
Premium Times is a Nigerian online newspaper based in Abuja, the capital of Nigeria. The newspaper was launched in 2011. [ 1 ] The online medium is notable for investigative journalism and reports, among other fields.