Again, General Hydrocarbons Limited Floors First Bank in Court Judge: It’s classic case of abuse of court process
Emmanuel Addeh in Abuja A federal high court sitting in Port
Harcourt has dismissed the suit filed against General Hydrocarbons Limited (GHL) by First Bank of Nigeria (FBN).
Justice E.A Obile dismissed the entire suit on the grounds that the court is bereft of requisite jurisdiction
Sets aside all orders against oil company
to entertain the case, upholding the arguments of counsel to General Hydrocarbons Limited, Dr ‘Biodun
Layonu (SAN). In dismissing the case, the court upheld GHL’s notice of preliminary
objection challenging its jurisdiction Continued on page 9
Seadogs: Affirmation of Rivers Emergency Rule By Voice Votes Questions FG’s Intent... Page 6
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Cardoso Hails Growing Investor Confidence in Economic Trajectory Says despite challenges, progress achieved in FX stabilisation, inflation reduction
James Emejo in Abuja
Governor of Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has expressed satisfaction over the
growing investor confidence in the country’s economic trajectory. Cardoso acknowledged recent challenges confronting the economy, but said progress had been recorded
in stabilising the foreign exchange (FX) market as well as taming headline inflation. Cardoso made the remarks while hosting a delegation of scholars from
Harvard Kennedy School (HKS) as part of their Africa Trek, which included visits to Ghana and Nigeria. He recalled recent visits by top executives from JP Morgan, Citi Bank,
and International Monetary Fund (IMF), saying they further demonstrate that the country remains in the right direction. He said, “These are individuals
who base their decisions on data and trends, not sentiment. Their interest reaffirms that we are on Continued on page 9
In Historic Deals, US Buys over 2 Million Barrels of Jet Fuel from Dangote Refinery Impact expected to lower prices of aviation fuel in peak summer Experts hail firm for successfully accessing new markets MAN: Dangote production of polypropylene to revive textile industry, save Nigeria $267m Firm issues tender for 88,000 tons of low sulphur, 40,000 tons slurry oil May shut down partially for routine maintenance June 1
Story on page 9
REACHING OUT TO MIDWIVES...
L-R: Wife of the Vice President, Hajia Nana Shettima; First Lady, Senator Oluremi Tinubu; Wife of the Delta State Governor, Deaconess Tobore Oborevwori; Governor Sheriff Oborevwori; Minister of state for Health, Dr. Iziaq Salako; and Executive Director/Chief Executive Officer, National Primary Health Care Development Agency, Dr. Muyi Aina, during the presentation of 10,000 professional kits to midwives in the South-South zone by the First Lady in Asaba, yesterday