International
General Hydrocarbons Floors FBN as S’Court Sets Aside Appeal Court Ruling
…..As court Orders Return of Seized Oil Vessel
The Supreme Court has nullified the Court of Appeal’s ruling that permitted the seizure of an oil vessel belonging to General Hydrocarbons Limited (GHL) to settle a contractual dispute with First Bank of Nigeria (FBN).
In a unanimous judgment delivered on Friday, the apex court ordered the immediate return of the seized vessel and the proceeds from the sale of its contents to GHL, its rightful owner.
The Supreme Court dismissed the case instituted by FBN, declaring that the dispute was purely contractual in nature and did not qualify as a maritime matter. It therefore held that the Federal High Court lacked the jurisdiction to entertain the suit from the outset.
The apex court faulted both the trial court and the Court of Appeal for assuming jurisdiction over the matter and proceeding to determine it.
The ruling effectively ends the long-running legal battle, delivering a major victory to General Hydrocarbons Limited against the bank.
International
Trump threatens Iran bridges, power plant in latest Hormuz attacks
Trump told reporters that he was “not finished” with a war that has already cost Washington $37.5 billion.
US President Donald Trump threatened on Wednesday to bomb Iranian bridge or power plant each time Theran attack ship in the Strait of Hormuz.
The latest round of escalation began on July 18.
Trump told reporters that he was “not finished” with a war that has already cost Washington $37.5 billion.
Fighting over the strait led to the collapse of a preliminary deal between the United States and Iran, and Tehran has reimposed its blockade on the strategic conduit for oil and gas shipments, firing on vessels that seek to transit.
The blockade has rattled markets and sent oil prices climbing, adding to the pressure on Trump to find an off-ramp to a conflict that has hit Americans’ pocketbooks heading into closely-fought midterm elections.
International
Zelensky sacks Ukraine’s top army commander after days of protests
Syrskyi was replaced by Mykhailo Drapatyi, 43, who is a popular, battle-hardened general.
•Zelensky
Ukrainian President Volodymyr Zelensky has dismissed the country’s army commander-in-chief, Oleksandr Syrskyi.
It comes just days after the removal of popular Defence Minister Mykhailo Fedorov – a move that triggered street protests across the country.Initial rumours that the end of Fedorov’s tenure was related to a conflict between him and Syrskyi were soon confirmed.
Fedorov, 35, has been widely praised for energising the ministry and transforming the armed forces, as well as leading a drive against corruption.
Syrskyi, 60, is seen by many in Ukraine as a Soviet-school commander reluctant to implement radical changes in the army.
Syrskyi defended his record in a farewell address, writing on Telegram: “An army that was fighting a difficult defensive campaign two years ago is now on the offensive.””I am handing over to my successor an army that is not only holding the line but is advancing… I sincerely hope this offensive will continue.”
Syrskyi was replaced by Mykhailo Drapatyi, 43, who is a popular, battle-hardened general.
” I will work responsibly, with full focus, and with respect for the people who are defending our country today,” Drapatyi said on Facebook
BBC
International
Burnham becomes PM, vows 10-year plan to stabilise UK
The 56-year-old is the sixth prime minister to enter Downing Street in the last 10 years.
•Incoming Prime Minister Andy Burnham poses with Britain’s King Charles III on July 20, 2026 (Photo by Aaron Chown / POOL / AFP).
Andy Burnham became British prime minister Monday after meeting King Charles III at Buckingham Palace and was set to set out his vision for the country after taking over from Keir Starmer.
In his first speech, Burnham vowed to put forward a 10-year plan for Britain, saying the country needed to make politics work.
“Britain needs to show the world that we can regain our stability once again,” Burnham said just after being appointed by King Charles III to take over from Keir Starmer.
He pledged to “issue my first instruction to end rough sleeping in our country” once he starts work.
Starmer departed Downing Street on Monday morning, insisting in a farewell speech his two years in office had made Britain a better place.
The monarch met Starmer to accept his resignation and Burnham arrived next for the formal procedure in which the king asked him to form the next government and he accepted.
The 56-year-old is the sixth prime minister to enter Downing Street in the last 10 years.
-
News3 days agoReps Knock heads of ONSA, MOFA over PFIPC
-
Business3 days agoNaira Exchange Rates Wednesday, July 22
-
News3 days agoExcitement as Tinubu approves new army battalion for Kwara
-
International3 days agoZelensky sacks Ukraine’s top army commander after days of protests
-
Business3 days agoPresident Tinubu Tasks Judicial Officers To Remain Abreast of Evolving Global Maritime Laws
-
Business2 days agoNaira Exchange Rates Thursday, 23 July
-
International3 days agoTrump threatens Iran bridges, power plant in latest Hormuz attacks
-
Sports2 days agoNigeria’s NSC Chiefs Lead Team to 2026 Commonwealth Games in Glasgow
