In a landmark victory for General Hydrocarbons Limited (GHL), the Federal High Court in Lagos has set aside an order of Mareva injunction freezing the assets of the company and its directors.

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General Hydrocarbons Limited (GHL) has faulted a claim of diversion of oil mining proceeds made against it by First Bank of Nigeria Limited. The bank had accused GHL of being indebted to it to the ...

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This was disclosed in a statement issued by the bank on Wednesday. Nairametrics previously reported that the Federal High Court in Lagos on Wednesday set aside its Mareva orders, which had frozen $225 ...

General Hydrocarbons Limited (GHL), an oil firm, says First Bank of Nigeria’s (FBN) failure to pay its pending requests according to contract terms led to an international incident in 2023 ...

A Federal High Court on Wednesday set aside its Mareva orders that froze $225.8 million in assets and accounts linked to General Hydrocarbons Limited (GHL), its affiliates, and prominent individuals, ...

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Six of the injunctive orders made by Justice Dipeolu J on December 30 last year against General Hydrocarbons Limited (GHL), publisher of THISDAY, Mr Nduka Obaigbena and other directors of the ...

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OpenAI on Friday launched a new AI “reasoning” model, o3-mini, the newest in the company’s o family of reasoning models. OpenAI first previewed the model in December alongside a more capable ...