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NASS To Pass Petroleum Industry Bill By April, Says Sylva

NASS To Pass Petroleum Industry Bill By April, Says Sylva
channelstv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelstv.com Daily Mail and Mail on Sunday newspapers.

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Firm asks court to block SAP accounts over breach

Punch Newspapers
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Oluwatosin Omojuyigbe
A firm, B4G Consulting Limited, has urged the Lagos State High Court to restrain the banks operated by the Systems Applications Products Nigeria Limited from releasing the total sum of $3,371,945.27 and N5m to SAP and other instruments belonging to it pending the hearing and determination of an alleged contract breach suit.
The firm, in a suit marked LD/ADR/519/2016, and reassigned to Justice Ezekiel Ashade, sought an order of the court directing the banks to file and serve affidavits before the court within seven days of the grant of the prayers of the firm to disclose an account of all money, funds or other instruments belonging and payable to SAP held with them. ....

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LONDON TRADING UPDATES: Motif Bio Says Orange Avenue Buys Subsidiary

LONDON TRADING UPDATES: Motif Bio Says Orange Avenue Buys Subsidiary
Fri, 26th Feb 2021 20:20
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
Motif Bio PLC - AIM-listed cash shell - Enters into a stock purchase agreement with Orange Avenue Technologies LLC, to which Orange has acquired 100% of the outstanding shares of Motif Inc from Motif with immediate effect. Orange is wholly owned by John Palmer, president of Tamarack Associates Inc - the company which was engaged by Motif to facilitate the sale of iclaprim and other assets of Motif Inc in January 2020. Motif remains suspended from trading while the proposed transaction is being negotiated and advanced. The transaction is an important step to prepare Motif to complete the reverse takeover. It also creates incentives for Orange to focus on the potential generation of value from iclaprim for Motif s shareholders, whil ....

United States , New Zealand , Sogn Og Fjordane , United Kingdom , City Of , Republic Of The Congo , Richard Grey , Jonathan Gold , Stuart Silcock , Arif Karimjee , Chris Sangster , Andy Michuda , Arvind Bhunjun , John Palmer , Motif Inc , Nigerian Petroleum Development Company Ltd , Petroleum Resources , Alliance News , Jadestone Energy Inc , Marble Point Loan Financing Ltd , Warburg Pincus International , Dp Aircrafti Ltd , Scotgold Resources Ltd , Dunedin Enterprise Investment Trust , Corero Network Security , Cambria Africa ,

Seplat Asks Privileges Committee to Sanction Senior Advocate

• Senior lawyer denies allegations
Tobi Soniyi
Seplat Petroleum Development Company has asked the Legal Practitioners Privileges Committee (LPPC) and the Legal Practitioners Disciplinary Committee of the Nigerian Bar Association (NBA) to sanction a Senior Advocate of Nigeria, Mr. Kunle Ogunba, for alleged gross misconduct and unethical practices contrary to the Rules of Professional Conduct for Legal Practitioners 2007.
In the petition to the LPPC, which was equally copied to the Nigerian Bar Association (NBA) President, the company accused Ogunba of violating Rules 1, 15, 24, 30 and 32 of the Rules of Professional Conduct 2007 and urged sanctions against the senior advocate in line with paragraph 55 of the Rules of Professional Conduct. ....

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Daily Trust - Buhari to commission NPDC 30 tonnes gas facility in Edo

Speaking to journalists after the pre-commissioning tour of the facilities at Ologbo yesterday, the Managing Director of Nigerian Petroleum Development Company Ltd (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) Mr Mansur Sambo, said the IGHF has the capacity to produce 30 metric tonnes of gas per day and the storage tanks can store up to 42,000 metric tonnes of gas.
Sambo said the NPDC would use the Ologbo-based IGHF to accomplish its domestic gas supply obligation to the country and getting more value from gas molecules that could have been flared.
“The IGHF will help NPDC meet its domestic supply obligation (DSO) from the Oredo field and in the process, ensure complete gas flare-out from there’’, he said. ....

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