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GHL Sets Record Straight in First Bank's $225 Million Loan Claim, Present The Facts, The Half-Truths, and The Fiction

General Hydrocarbons Limited (GHL) has disputed First Bank of Nigeria’s (FBN) claim of a $225 million loan, stating that the relationship between the two companies is a project finance agreement, not a normal commercial loan. According to a press statement released by GHL, the company was approached by FBN to finance the exploration, development, and production of Oil Mining Lease (OML) 120,…

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Evolving Security Challenges: President Tinubu Directs Armed Forces, Security And Intelligence Agencies To Harmonize Operations

President Bola Ahmed Tinubu has directed the Armed Forces, Security and Intelligent Agencies to harmonize their operations and adopt a whole of society approach in combating evolving Security challenges. Mr. President underscored the critical importance of joint security operational effectiveness in tackling Nigeria’s emerging security challenges. President Tinubu who was represented by the…

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Minister Matawalle Warns Amaechi to Desist from Inciting Violence or Face Consequences

Nigeria’s Minister of State for Defence, H.E Dr. Bello Muhammed Matawalle, has condemned former Minister of Transportation, Rotimi Amaechi, for inciting violence and unrest among Nigerians. Amaechi’s remarks, made at a recent conference in Abuja, suggested that politicians must “steal, maim, and kill” to remain in power. Dr. Matawalle described Amaechi’s statement as “reckless and dangerous,”…

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BREAKING: GHL Floors FirstBank As Court Sets Aside Assets Freezing Orders

….Judge Says First Bank Suppressed Relevant Facts To Secure Order In a landmark victory for General Hydrocarbons Limited,  the Federal High Court in Lagos has set aside an order of Mareva injunction freezing  the assets of the company and its directors. The court, while upholding the arguments of GHL’s counsel, Abiodun Layonu, SAN held that  the injunction violated an existing order from a…

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NRM Founding Chairman Senator Dansadau Refutes Edozie Njoku's Party Chairmanship Claim

The National Rescue Movement (NRM) has been plunged into crisis following claims by Edozie Njoku that he is the party’s National Chairman. However, the founding national chairman of the NRM, Senator Saidu Muhammed Dansadau, has raised an alarm over Njoku’s claim, describing it as impersonation. Speaking at a press briefing in Abuja on Tuesday, Senator Dansadau stated that Njoku was never a…

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THISDAY is 30, and Resilient on Jan 27

THISDAY, Nigeria’s Foremost Newspaper of Record, has clocked 30 years on the news stands.   To mark the occasion, it has already set out to honour some of the nation’s ‘Tough and Resilient’ persons and institutions in selected fields of endeavours on Monday, January 27. The presentation of first awards began in Davos, Switzerland on Tuesday. Arguably Nigeria’s most influential and innovative…

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BREAKING: Nduka Obaigbena Leads ARISE News Teams to Cover Trump's Inauguration and World Economic Forum in Davos

ARISE News has dispatched its top teams to Washington DC and Davos to provide extensive coverage of two major global events. Chairman and Editor-in-Chief, Nduka Obaigbena, leads the team in Washington DC, where they will cover the inauguration of Donald Trump as the 47th President of the United States. The ARISE News team in Washington DC includes seasoned journalists Ohi Odiai, Adefemi…

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Judge Adjourns for Ruling in Mareva Suit between First Bank and GHL and Several Others

A Mareva injunction suit involving First Bank Nigeria, General Hydrocarbons Limited, and several others took a new turn on Friday, January 17, 2025, as Dr. Abiodun Layonu SAN moved to set aside the injunction and other punitive ex parte orders granted to the plaintiffs. According to Dr. Layonu, there was a clear case of suppression of facts by the plaintiffs, who failed to disclose material and…

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First Bank's Recklessness Exposed: Again, General Hydrocarbons Limited Tells Its Side of the Story

A recent statement by General Hydrocarbons Limited (GHL) has exposed a shocking incident involving First Bank of Nigeria (FBN) that put the lives of 93 people, including foreign nationals at risk on an oil rig. The incident occurred on October 7, 2023, when the drilling rig Blackford Dolphin ran out of fuel, food, water, and other critical supplies. According to GHL, FBN’s repeated failures to…

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Actors Guild of Nigeria's National President Not Arrested - Spokesman Gives Details

The Actors Guild of Nigeria (AGN) has firmly refuted claims regarding the arrest of its National President, Dr. Ejezie Emeka Rollas MON. In a statement signed by its Presidential Spokesman, Cornel Udofia, he categorically dismissed the report as a fabrication. “Our attention has been drawn to news making the rounds in local Abia blogs claiming that the AGN National President Dr. Ejezie Emeka…

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General Hydrocarbons Limited (GHL) Denies Owing First Bank $225M, Claims Moratorium Is in Place

In a recent statement, General Hydrocarbons Limited (GHL) has vehemently denied allegations of owing First Bank of Nigeria (FBN) $225 million. The statement, signed by Abdelmuizz Bello, Director of Strategy & Operations at GHL, provides a detailed breakdown of the issues in dispute between GHL and FBN. According to the statement, “We entered a legally binding, enforceable Subrogation Agreement…

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Sunday Dare: Intolerance and Divisive Rhetoric: Governor's Office Criticizes Presidency's Media Aide

The Media Office of the Executive Governor of Bauchi State, Senator Bala Abdulkadir Mohammed, said it has taken note of the ill-timed, unprofessional, and divisive comments made by Mr. Sunday Dare, Special Adviser to the President on Media and Public Communication. In a statement signed by the Special Adviser Media and Publicity to the Governor, Mukhtar Gidado, the Governor’s office said Mr…

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Tax Reform Bills Will Worsen Economic Hardship in Northern Nigeria - Stakeholders Say, Make Critical Demands

A town hall meeting convened by the Coalition of Northern Groups (CNG) Gombe State Chapter, in collaboration with Civil Society Organizations (CSOs) and critical stakeholders, has vehemently rejected the proposed Tax Reform Bills by President Bola Ahmed Tinubu. The meeting, held at Gombe State University on January 6, 2025, brought together policymakers, academics, civil society actors,…

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New Permanent Secretary Amb. Dauda Vows to Elevate Ministry of Defence to New Heights

The Ministry of Defence has welcomed a new Permanent Secretary, Ambassador Gabriel Tanimu Aduda, who has pledged to build upon the achievements of his predecessor, Dr. Ibrahim Abubakar Kana. The handover ceremony, which took place at Ship House, Abuja, marked the beginning of a new era for the ministry. Ambassador Aduda, who brings a wealth of experience to his new role, expressed his commitment…

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T129 Attack Helicopters: Defence Minister Badaru Charges Nigerian Airforce to Intensify Fight Against Banditry, Terrorism

Nigeria’s Defence Minister, Mohammed Badaru Abubakar, has called on the Nigerian Airforce to ramp up their efforts in combating banditry and terrorism, emphasizing that “it’s time to end it”. During his operational visit to the Air Component Sector 2 Operation FANSAN YAMMA in Katsina State on November 18, 2024, Badaru praised the Airforce’s heroic efforts, saying they’ve been “beacons of hope,…

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Jigawa Youth Agenda Debunks Allegations Against Defence Minister Badaru Abubakar, Says They're Baseless

Youths under the umbrella of the Jigawa Youth Agenda have come out strongly in defence of Honourable Minister of Defence, Muhammad Badaru Abubakar, dismissing allegations made by “a mysterious group” claiming to represent APC youth in Jigawa State as unfounded and mischievous. They noted that after conducting thorough investigations, “the Youth Agenda discovered that this group is not officially…

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Group Condemns Baseless Lies Against Minister Badaru

A group under the auspices of Tinubu Arewa Media 2023, led by Comrade Abdulhamid Bala, has issued resounding condemnation of the baseless allegations circulating against the Minister of Defence, Muhammadu Badaru, by persons it described as certain meddlesome individuals. The group, which has been in the forefront of the campaign for the victory of President Bola Tinubu, described the media…