Month: January 2021

96 foreign, local firms jostle as race for NNPC’s key downstream Contracts begins

Efe Wellington

  96 prominent and reputable companies from various jurisdictions have indicated interest in undertaking the rehabilitation of the Nigerian National Petroleum Corporation’s (NNPC) downstream infrastructure ranging from critical pipelines to depots and terminals through the Build, Operate and Transfer (BOT) financing model. The corporation confirmed this at a virtual public bid opening exercise which held at the NNPC Towers, Abuja for the pre-qualification of companies for the contract. Group General Manager, Group Public Affairs Division of the NNPC, Dr. Kennie Obateru, in a statement sent to Platforms Africa, stated that…

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Trump impeached again, became 1st American President impeached twice

Wonuola Olujobi

  The United States House has impeached President Trump for the second time, making Mr. Trump the first President ti he impeached twice in the over 200 years of American democracy. Trump was impeached for inciting a violent insurrection against the United States government. 10 members of the president’s party joined Democrats to charge him with high crimes and misdemeanors for an unprecedented second time. Reconvening under the threat of continued violence and the protection of thousands of National Guard troops. The House was determined to hold Mr. Trump to…

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Jan 18 resumption date for Primary, Secondary Schools has not changed – PTF

Aliyu Aliyu

    The Nigeria’s Presidential Task Force (PTF) on the Novel Coronavirus (COVID-19) Pandemic has said that the January 18, 2021, resumption date for schools across the country has not changed. Speaking in a television programme on Tuesday night, the PTF National Coordinator, Dr Sani Aliyu, said the date remains the same until the Federal Ministry of Education determines otherwise. His clarification followed the Minister of Education, Mallam Adamu Adamu’s remark on Monday, which had indicated that the January 18 date for resumption of schools in the country would be…

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NNPC alters revenue streams as OPEC+ quota cut weighs-in on revenue

Efe Wellington

    The Nigerian National Petroleum Corporation (NNPC) has announced a major shift in focus to gas, condensate and other revenue streams to tackle the revenue challenge arising from the OPEC+ production cut arrangement. The corporation stated this in a statement to Platforms Africa quoting its Group Managing Director, Mallam Mele Kyari, to have informed an ongoing virtual Gulf Intelligence “Global” UAE Energy Forum 2021 of the plan. “NNPC reiterated its commitment to abide by the output cut agreement of the Organization of the Petroleum Exporting Countries (OPEC) and its…

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EXCLUSIVE: How 10m HIV, Tuberculosis Patients in Africa are being abandoned ‘to die’

Aoko Benjamin

  . The HIV/AIDS, Tuberculosis patients’ angusih, neglect worsen during COVID-19 outbreak, Second Wave   This appears the worst time to suffer from underlining diseases like Tuberculosis and HIV/AIDS in Africa as more patients who battle these ailments are being abandoned for death. The over 10 million patients battling different degrees of HIV/AIDS and Tuberculosis are suffering from growing anguish of neglect buoyed by COVID-19, Platforms Africa gathered exclusively. The outbreak and second wave of COVID-19 have shown that the Africa’s health system could not simultaneously withstand fallouts from two…

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How Oil, Gas Stocks in Nigeria Gained N59bn in last Three Months

Efe Wellington

  Oil and gas firms listed on the main and premium boards of the nation’s equities market reported a gain of about N58.784 billion during the fourth quarter of 2020. This was buoyed by positive sentiments witnessed at the local bourse. The oil and gas sector gained N58.784 billion or 14.80 per cent to close at N455.923 billion in market capitalisation on December 31, in contrast to opening figure of N397.139 billion at the beginning of trading on October 2. Market watchers believe the investors are taking position on oil…

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Why Lecturers are Against Jan. 18 Re-Opening Of Nigerian Varsities – ASUU

Damola Oyede

  The Nigerian Universiry lecturers’ union, Academic Staff Union of Universities (ASUU) has reiterated its serious objection to plans to reopen universities in Nigeria. ASUU insisted that Nigerian universities are not ready to re-open amid the second wave of the COVID-19 pandemic. The Union is asking the federal government to review the January 18 date earlier fixed and communicated through the National Universities Commission (NUC), as the virus continues ravaging across the country. “Our concern is rooted in the safety of our members. What happens to congested hostels, crowded classrooms?…

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Nigeria’s loss to tax evasion by Multinationals hits $178bn In 10 Years

Precious Ibekwe

  Tax evasion by multinational firms doing business in Nigeria may have cost the government $178 billion between 2007 and 2017, Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami, said in Abuja. Though he refrained from giving identities of multinationals evading taxes in Nigeria, Nami said that some multinational corporations were “leading in tax compliance in various sectors.” He expressed worries that “many rich multinational corporations do not pay the right taxes due from them, let alone pay their taxes voluntarily.” The FIRS boss spoke at a “workshop on…

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Nigeria Reviews January 18 School Resumption Date

Dawood Rabiu

  The Nigerian Government has said it was reviewing the January 18, 2021 date earlier fixed for resumption of schools for the 2020/2021 second term across Nigeria. The Government said this on Monday through the Minister of Education, Adamu Adamu, at the briefing of the Presidential Task Force on COVID-19 in Abuja. Adamu, who spoke after the Chairman of the PTF on COVID-19, Boss Mustapha, had painted a gloomy picture of the COVID-19 situation in Nigeria, said: “On the January 18 resumption date, we are reviewing it. “We are going…

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