Month: March 2021

Why Kenya’s 2022 crude oil Export plan hit the rock

ADEOLA YUSUF

  Had everything gone according to plan, Kenya would be set to begin its commercial export of crude oil on a large scale next year, after success in export of a consignment in 2019, which was obtained from the pilot phase of the project. Instead, yesterday, the firm announced that it is now shifting attention and over 90 per cent of its resources to West Africa, with Tullow Chief Executive Rahul Dhir saying the company will be channeling resources to projects it considers to be productive in a move to…

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Nigerian Oil blocs’ winners emerge, get 45 days to pay Signature bonus

ADEOLA YUSUF

  The Department of Petroleum Resources (DPR) has picked winners for 57 marginal oil blocs with demand for them to pay as much as $1.14 bil  lion cumulative Signature Bonus in 45 days. The agenxy itself said rarlier that it targetted at least $500 million in signatire bonuses from the process. The agency, Platforms Africa gathered, distributed the third letter in the series of correspondences it has been sending to, apparently, the 161 companies selected as winners of interests in the 57 marginal fields on offer in the country’s second…

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EKEDC craves end to Estimated Billing, deepens neighbouhood Mass Metering

ADEOLA YUSUF

  Leading power utility firm in Nigeria, the Eko Electricity Distribution Company (EKEDC), has advised its unmetered customers to apply for prepaid meters and get metered immediately in the on-going National Mass Metering Programme (NMMP), an initiative of the Federal Government in collaboration with Electricity Distribution Companies to bridge the metering gap in the country. In a statement signed by the General Manager, Corporate Communications, Godwin Idemudia, the Company encouraged all its Customers to endeavor to complete their meter application form online, submit so as to benefit from the ongoing…

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‘Why US President Biden Tripped, Fell 3 times While Boarding Air Force One’

ADEOLA YUSUF

  White House spokeswoman Karine Jean-Pierre told reporters that high winds at Joint Base Andrews near Washington may have been a factor that made U.S. President Joe Biden to stumble (trip and fall) on the steps as he climbed aboard Air Force One on Friday. “It’s very windy outside,” said Jean-Pierre when asked about his stumbling. “He is doing 100 percent fine.” She did not say whether Biden had been checked by a traveling physician after the episode, Reuters reported. Boarding a flight to Atlanta, where he was to speak…

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Why Toyota Overtook Mercedes- Benz As Most Valuable Auto Brand

ADEOLA YUSUF

  Toyota has taken the top spot from Mercedes- Benz in the latest study of the world’s most valuable automotive brands. The report, conducted by London firm Brand Finance, found Toyota has increased its perceived value by 2 per cent, to an estimated AU$76.9 billion. The study evaluates a number of metrics to estimate a brand’s worth, rather than being based on the value of a company’s stock. “Toyota has been around for over 75 years, evolving from a small subsidiary of a Japanese weaving firm to one of the…

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How I felt after receiving AstraZeneca vaccine – Nigerian journalist Olumide Iyanda

ADEOLA YUSUF

  A Nigerian frontline journalist and Publisher of QED, Mr. Olumide Iyanda, is one of the first set of journalists who received the AstraZeneca vaccine jab in the country. He shared an independent practical experience about his feelings before and after taking the jab during the Platforms Africa e-Discourse. Excerpts; What is your view about COVID-19 and its threat to human existence? COVID an infectious disease that may make you fall sick. Or, as seen in some cases, lead to fatality. I know positive people who showed no symptoms. I…

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Underrated Politician: Meet Samia Hassan, Tanzania’s 1st female President

ADEOLA YUSUF

Her life? Her Politics? Her Marriage? Here is all you may need to know about the most Underrated politician in Tanzania and next president, according to the dictates of the constitution, of the East African nation   Following Wednesday’s death of Tanzanian President John Magufuli, attention is shifting to his successor. The next in line, according to Tanzania’s Constitution, is the vice president. That would make Samia Suluhu Hassan the first female leader of the East African nation since its independence from Britain in late 1961. There was no indication…

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Hijaab in Kwara: Bad news doesn’t get better with time, by Rafiu Ajakaye

ADEOLA YUSUF

  Bad news doesn’t get better with time is an expression from the famous Black American five star General Colin Powell’s book It Worked For Me. In the opinion of Powell, a problem (challenge) will not disappear by anyone simply ignoring, abandoning or pretending it does not exist. He feels that challenges, however unpleasant and tough, are better confronted and dealt with, with everyone first admitting it exists and taking steps to solving it. He feels that anything short of it amounts to kicking the can down the road. This…

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Protest greets Nigeria’s $1.5bn fund for Port Harcourt Refinery Maintenance

ADEOLA YUSUF

Stakeholders declare plan Wasteful, describe Nigeria as a massive theater of comedy and waste of fund   Nigerians have protested the approval of $1.5 billion by the Nigerian Government for the rehabilitation of the Port Harcourt refinery, declaring it as a wasteful investment of little or no economic value. The resources, they said, should have been put into reviving the nation’s dilapidated infrastructure . Director-General of Lagos Chamber of Commerce and Industry,Dr. Muda Yusuf, said sectors like power,security and railway would make meaning use of $1.5billion that rehabilitation of Port…

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Crude Oil Price Drops For Fifth Day

ADEOLA YUSUF

Oil prices fell for a fifth day on Thursday after official data showed a sustained rise in U.S. crude and fuel inventories, while the pandemic clouded the demand outlook. Brent crude was down 12 cents, or 0.2%, at $67.88 a barrel by 0119 GMT after dropping by 0.6% on Wednesday. Besides, U.S. oil was down 12 cents, or 0.2%, at $64.48 a barrel, having fallen 0.3% the previous session. Government data on Wednesday showed U.S. crude inventories have risen for four straight weeks after refineries in the south were forced…

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