Day: February 7, 2021

BREAKING: Why NNPC’s trading surplus hit ₦13.43bn, surged by 54% in November

Aliyu Aliyu

      Details have emerged on the reason the trading surplus by the Nigerian National Petroleum Corporation (NNPC) hit ₦13.43billion for the month of November 2020 up by 54% when compared to the ₦8.71billion surplus recorded in October 2020. This is contained in the November 2020 edition of the NNPC Monthly Financial and Operations Report (MFOR), according to a press release by the Group General Manager, Group Public Affairs Division of the Corporation, Dr. Kennie Obateru, The trading surplus or trading deficit is derived after deduction of the expenditure…

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Teachers flee as Nigeria’s Osun Students beat Principal to Coma

Gbenga Adeoti

  The Police command in Osun state, Southwest Nigeria, has arrested a 19-year-old student of Oduduwa College, Ile-Ife area of the state for reportedly beating the school principal, Mr Ademola Sanusi, to coma. The “ugly incident,” which happened on Friday February 5, an eye witness Jamiyu Ogundele, told Platforms Africa, saw the teachers who were at the scene to scamper into safety, fleeing to avoid being mercilessly beating by the notorious student and his gang. “He is said to be the arrowhead of the evil act and he is presently…

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Kidnappers storm Abuja again, abduct 4 Persons After 3-Hour Operation

ADEOLA YUSUF

  Emboldened by the relative success they have recorded so far, Kidnappers have stormed Abuja, Nigeria’s administrative capital, again in a three-hour operation, which ended in the abduction of four more persons. The attack, which came less than two hours after the release of PUNCH journalist, Okechukwu Nnodim kidnapped on Thursday, was carried out at Tungan Maje town in Gwagwalada area of the Federal Capital Territory (FCT). An eyewitness said that the kidnappers operated for three hours, from 12 am to 3 am on Sunday. At the end of the…

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Shell mulls onshore exit, takes hard look at Operations in Nigeria

Efe Wellington

  “Developments like we are still seeing at the moment mean that we have to take another hard look at our position in onshore oil in Nigeria,” Shell’s top executive Ben van Beurden declares Royal Dutch Shell has declared plans to take a “hard look at its operations onshore Nigeria,” including possible outright exit from the terrain, due to persistent issues with theft and sabotage in the Niger Delta. Chief executive of the supermajor, Ben van Beurden, who gave this hint, declared that all the company’s efforts to end crude…

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BREAKING: Kidnappers demand N10m, free Punch Journalist Nnodim 2 days after

Precious Ibekwe

  “It has been a traumatic day for all of us. He is my friend. 3 years ago he lost his son. Last year he lost his father. He just concluded the burial after Christmas,” Nnodim’s friend says     After a ‘demand for N10 million ransom’ was placed on his head and two nights in abductors’ den, the Punch journalist, Okechukwu Nnodim, has been released. Though Nnodim could not be reached on phone as at the time of filing this report, his friends, family members and colleagues who confirmed…

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