Day: October 20, 2020

Anger as casualty figure from Lagos Lekki Tollgate gunshots rises

Damola Oyede

Anger and panic were heightened in Lagos, Nigeria’s commercial capital, and across the World as the casualty figures from a sporadic shooting that ensued at Lekki Tollgate, surged. One of those who have been sharply angered by the killing of protesters is the United States former Presidential candidate under Democrats Party, Hillary Clinton. Mrs. Inton demanded in a Tweet that President  Muhammadu Buhari put an end to the killing of youths who have staged a peaceful protest againt Police brutality. Lekki Tollgate is one of the major venues of EndSARS…

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Lagos boils, declares 24-hour curfew over #EndSARS

Damilola Olonade

  The Government of Lagos, Nigeria’s commercial capital, has declared a 24-hour curfew with effect from 4pm on Tuesday (today). This was revealed by Gboyega Akosile, the Chief Press Secretary to the Lagos State Governor, Babajide Sanwo-Olu, on his Twitter handle. The imposition of the curfew followed increase in the hijacking of the #EndSARS protest in the state. In a short statement, the Governor said: “I have watched with shock how what began as a peaceful #EndSARS protest has degenerated into a monster that is threatening the well-being of our…

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Nigeria gas-powered vehicles’ numbers hit 6,000 – NIPCO 

Subomi Awokolude

The number of vehicles successfully converted from petrol to run on Compressed Natural Gas (CNG) in Nigeria has hit 6,000. The Nigerian Independent Petroleum Company (NIPCO), which dolled out this figure in a statement sent to Platforms Africa at the weekend, stated that the 6000 gas-powered vehicles number was achieved by the company since its inauguration by the then Minister of Petroleum Resources, Alhaji Rilwan Lukman in 2009 in Benin, Edo State. NIPCO also expressed its commitment to ensure that more vehicles run on gas in Nigeria to improve efficiency…

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Shell gifts Rivers Special School first Lab in 35 years

Precious Ibekwe

  For the first time since its establishment 35 years ago, the Special School for Handicapped Children in Port Harcourt, Rivers State, has now got its science laboratory, build and equipped by The Shell Petroleum Development Company of Nigeria Limited (SPDC) and its joint venture partners. “The school had been without a science laboratory for the 35 years of its existence. I attended this school as a visually impaired child and to teach a visually impaired, touch is important to create a mental image for them,” the school principal, Dr.…

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339 Firms Jostle for Nigeria’s 2020/2022 Crude Sale contracts

Efe Wellington

  Over 339 crude oil trading companies are in race for the sale and purchase of Nigerian crude oil grades contracts spanning 2020 to 2022. Some of them, according to a bid papers sighted by Platforms Africa, which were submitted electronically on the NIPEX portal, include Vitol SA and MRS. Last month, the Nigerian National Petroleum Corporation (NNPC), invited “interested and credible companies” to participate in the open tender. It described credible companies as those who are either bona fide end users who own a refinery and/or retail outlet or…

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Naira Slips, Trades N460 to $1 at Parallel Market

Aliyu Aliyu

  The Nigeria’s currency, Naira, slipped at the parallel market as it exchanged at N460 to one dollar as of the close of work on Monday, October 19, 2020. This came as country’s external reserves which stood at $35.75 billion as of October 02 lost $78.34 million to close at $35.67 billion as of October 16. The naira had exchanged to the dollar on Friday for 458/$. This is as the country’s external reserves continued to maintain its downward trend. Figures obtained from the Central Bank of Nigeria revealed that…

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EndSARS: Nigeria lost N700bn In 12 Days – LCCI President

Precious Ibekwe

Nigerian economy has lost over N700 billion to the #EndSARS protests over the last 12 days, the Lagos Chamber of Commerce and Industry (LCCI) has said. President, LCCI, Mrs Toki Mabogunje, said this while reviewing the economic implications of the protest in a statement. She noted that LCCI appreciates the value of citizens’ engagement and the demand for accountability which the protest  represents, but lamented the negative impact on the economy. Mabogunje stated: “These are in consonance with democratic norms.  They also form vital ingredients for good governance. “LCCI is,…

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