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The Ninth Circuit settled a long-standing dispute between federal authorities and Nevada ranchers on Friday, ruling that the Hage family had illegally grazed cattle on federal land without a permit. But the most noteworthy fight wasn’t between renegade ranchers and the Bureau of Land Management, it was between the judges of the Ninth Circuit and […]

The Nigeria National Petroleum Corporation (NNPC) has shut down the Warri and Kaduna refineries respectively, two of the nation’s four refineries. This is due to militant attack on its gas pipeline facilities in the Niger- Delta. Group General Manager, Group Public Affairs Division, NNPC, Ohi Alegbe, yesterday confirmed that the NNPC has shut down crude […]

The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has blamed the United States and Nigeria’s over reliance on foreign goods for the unrelenting depreciation in the value of the naira against other major foreign currencies. The under fire CBN gave this excuse during his closed door with leadership of the National Assembly where […]

The Federal Government has threatened to impose sanctions against international airline operators that flout the nation’s local immigration regulations. Minister of State for Aviation, Hadi Sirika, warned such companies of “dire consequences.” He made this statement in Abuja where he met officials from the Emirates Group. “Government cannot continue to condone the practice of subjecting […]Read More

The Nigerian Stock Exchange (NSE), All Share Index looks to be rebounding after it gained 4.13% to 23,383.72 in early trading today. This is set up as a dramatic recovery after a consistent 2-week decline amid bargain hunters taking positions in the market, traders said. According to reuters, traders said some investors consider the market […]

Nigeria announced it has signed a double taxation treaty on Trade, Finance and Judicial Matters with the United Arab Emirates. The treaty also includes Avoidance of Double Taxation; Trade Promotion and Protection; Judicial Agreements on Extradition, Transfer of Sentenced Persons; Mutual Legal Assistance on Criminal Matters; and Mutual Legal Assistance on Criminal and Commercial Matters, which […]

The Central Bank of Nigeria has instructed commercial banks to start charging N50 for deposits of N1000 and above. According to the directive from CBN,  banks will now charge N50 for every transaction of N1,000 and above transferred into an account either electronically or using a bank teller. The charge only applies to the account […]

Portfolio Investments in the Nigerian Stock Market dropped by 29% or N770 billion according to date from the Stock Exchange. Total portfolio investments in the country was N1.9 trillion during the year compared to N2.6 trillion in 2014. The data also reveals transactions involving Foreign Portfolio Investments (FPI) declined by 33% or N513 billion for […]

The Central Bank Governor, Godwin Emefiele met with the leadership of the National Assembly in a closed door session on Tuesday. After the meeting the Senate posted the following tweets. Confirmation of the meeting The Senate now moves into an executive/closed door session with the @cenbank Governor, Emefiele on the depreciation of the Naira. — […]

Forte Oil Plc issued a press release on Tuesday that it has been instructed by the Security and Exchange Commission to issue bonus shares to its customers on or before the end of the first quarter of 2016. This comes as good news to shareholders of Forte Oil who had been told that they will […]

1.China’s economy bounces back:China’s economy bounces back to 6.8% in the fourth quarter from a year earlier.But the reading was the slowest growth since the global financial crisis. 2.France To spend big on tackling “state of economic emergency”:President Francois Hollande said this week, he would pump in $2.2 billion to address the stubbornly high unemployment […]Read More

FindLaw columnist Eric Sinrod writes regularly in this section on legal developments surrounding technology and the Internet. Sadly, we lost David Bowie last week. Most of us remember his songs — so many, and so varied across the decades. And, of course, there is no way to forget Bowie’s ever-changing image over the years. But […]