Category: Business

Business

Shell challenges court’s jurisdiction in Bayelsa divestment, pollution suit

The Shell Petroleum Development Company of Nigeria Limited (SPDC) has challenged the jurisdiction of the Federal High Court sitting in Yenagoa in a suit contesting Shell UK PLC’s divestment from its onshore and shallow-water oil and gas assets.

The plaintiffs allege that the divestment did not comply with the guidelines stipulated in the Petroleum Industry Act (PIA) 2021.

The suit was filed by the traditional ruler of Ekpetiama Kingdom in Yenagoa Local Government Area of Bayelsa State, King Bubaraiye Dakolo. He is also seeking redress and environmental remediation over what he described as 40 years of cumulative pollution in his domain.

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Business

New Heights Castle Hotel redefines affordable luxury in Epe

Nestled in the tranquil coastal town of Epe, New Heights Castle Hotel is fast gaining recognition as one of Lagos State’s emerging hospitality destinations, offering a refined blend of comfort, serenity and affordable luxury for modern travellers.

In a statement issued by the management and made available to journalists by Mr Jimmy Roberts, the hotel was described as a carefully curated space that combines contemporary elegance with a calm, secure environment, providing a welcome escape from the fast-paced lifestyle of metropolitan Lagos.

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NDDC budget scrutiny: Nwoko flags infrastructure deficit in Delta

Senator Ned Nwoko (APC–Delta) on Tuesday expressed concern over persistent infrastructural deficits in Delta State, challenging the leadership of the Niger Delta Development Commission (NDDC) during the scrutiny of its 2025 budget.

The NDDC management, led by its Managing Director, Dr Samuel Ogbuku, appeared before the Senate Committee on the Niger Delta Development Commission to defend the commission’s proposed 2025 budgetary allocation.

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Akwa Ibom assembly approves N1.39tn fiscal plan for 2026

The Akwa Ibom State House of Assembly, during its session on Tuesday, ratified the 2026 appropriation bill, amounting to N1.39 trillion, against the adjusted allocation of ₦1.65 trillion for 2025.

The 2026 fiscal proposal, encompassing N354.87 billion for current expenditure and N1.035 trillion for capital projects, was endorsed following the submission of the report by Dr Itorobong Etim, Chair of the House Committee on Finance and Appropriation.

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Power crisis: Fix electricity, not dissent, PDP to govt

The PDP Advocates for Peace and Justice (PAPAJ) has faulted a recent statement by the Office of the Senior Special Assistant to the Akwa Ibom State Governor on Youth Mobilisation, which urged youths to shun a planned protest over the persistent electricity crisis in the state.

In a statement jointly signed by its Chairman/Convener, Dr Tom FredFish, and Secretary, Mr Saviour Uko, the group described the government’s position as troubling, diversionary and indicative of an administration unwilling to confront its core responsibility to citizens.

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