Day: June 1, 2021

Oil Hits Two Year-High, Skyrockets to $70.20 Per Barrel

Efe Wellington

Here is how the oil price surge worsened revenue, expenditure concerns for Nigeria     The price of crude oil, Nigeria’s biggest revenue earner, on Tuesday hit $70.20 a barrel for the first time in two years. This surge, last seen since May 2019, was on investors’ optimism that improving oil demand and a dwindling supply glut may mean the market can absorb any additional supply from OPEC and its allies. The new price surge is a mixed grill for Nigeria as it should receive the highest revenues on crude…

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Nigerian Banks rattled by N10trn Debits, Interest Rates Hike Imminent

Precious Ibekwe

Nigerian banks rattled by N10trn debits, notify borrowers of imminent Interest Rates Hike Commercial banks in Nigeria are being rattled by over N10 trillion CRR debits they suffered in the hands of the Central Bank (CBN), which has driven interbank rates higher and forced banks to search for fixed deposits from institutional investors. Thus, to maintain their margins, banks appear to have decided to pass this higher cost to borrowers.   READ ALSO: 11 Banks in trouble as EFCC probes link with Dubai-bound Nigerian caught with 2,886 ATM cards Nigerian…

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BREAKING: Africa’s largest incubation campus commissioned in Lagos, Nigeria

ADEOLA YUSUF

Here is what you should know about the installation billed to prepare and equip Nigerian youths in the application of science, technology, and innovation     The Minister of State for Petroleum Resources, Chief Timipre Sylva, on Tuesday in Lagos, Nigeria’s commercial capital, commissioned the UNICORN Incubation Campus, reputed to be Africa’s largest incubation campus. Platforms Africa reports that the installation was commissioned with the mission to prepare and equip Nigerian youths in the application of science, technology, and innovation to create home-grown business solutions to everyday problems in the…

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Confusion as Wife, Son, NECO bicker on How Registrar, Prof. Obioma Died

Adeola Yusuf

What Journalists should have done in reporting conflicting sources on NECO Registrar’s death – Professor of Applied Communication, Ayo Ojebode     The National Examination Council (NECO), Elizabeth, Wife of its registrar, Professor Godswill Obioma, and son, Prince Godswill, have reportedly given conflicting reports on the actual way the NECO boss died. Platforms Africa reports that Obioma, a Professor of educational measurement and evaluation, died in Minna, Niger State, North central Nigeria, after returning from an Abuja trip. “The assassins came in and killed him and left without taking anything,”…

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Why We Donated Medical Centre, Ambulance To Caleb Varsity – Parent’s Forum

Damilola Olonade

  The Parent’s Forum of Caleb University, Imota, Lagos, Nigeria, has said that it donated an ultra-modern Medical Centre and ambulance to the private institution as parts of its commitment to uplifting the standard of healthcare delivery system and boost the learning environment. Platforms Africa reports that the forum is the group of parents of students of the private University.   READ ALSO: How Caleb Varsity Produced 44 First Class, 1,158 First, Second degrees’ graduates BREAKING: NECO Registrar, Prof. Godswill Obioma, Assassinated in Minna Meet Emmanuel Osodeke, Prof of Soil…

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BREAKING: NECO Registrar, Prof. Godswill Obioma, ‘Assassinated’ in Minna

Aliyu Aliyu

  How my husband was hunted down, strangled, assasinated – Wife   The Registrar, National Examination Council (NECO), Professor Godswill Obioma, is dead. The deceased’s wife, Mrs. Elizabeth Obioma, who reportedly confirmed his death claimed, according to a report by PUNCH newsapaper that her husband was assasination. She declared that the late registar was strangled to death by yet-to-be-identified men in their home in Minna, Niger State, North central Nigeria.   READ ALSO: Nigeria’s Immigration chief assassinated in Imo, body dumped in Bush +Photo BREAKING: Nigeria’s opposition PDP ex-Chairman, Ahmed…

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Nigeria hands over Marginal Oil blocks’ licenses to Winners + FULL LIST

Efe Wellington

  DPR gives self pass mark, opens up on reasons the process lasted for one year before winners emerged + how over 500 applicants could not make it to the end   Nigeria has awarded marginal oil field licences to winners (indigenous oil firms) as it concluded the bid round process exactly one year after the kick off.   READ ALSO: DPR confirms Platforms Africa Exclusive Story on Shakeup, Deputy Directors JUST IN: Buhari makes U-Turn, orders DPR to return revoked Addax oil blocks Number of Petrol Stations in Nigeria…

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You are wrong Sirs, Group lampoons Nigerian Govs on N385/litre Petrol price

Efe Wellington

  “They get petrol free of charge though tax payers’ money and turned back to propose N385/litre price increase for the same tax payers. The proposed fuel prices is provocative and any increment will deepen insecurity.”   A Niger Delta Civil Society Group has condemned the Nigeria Governors Forum proposed increment of petrol pump price to N385, saying that it is capable of heightening the level of insecurity, youth restiveness and a total colllapse of the system. The group made this known in a press statement made available to Platforms Africa by its president Dr. Douglas Fabeke.…

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Why We Must Acquire Equity in Dangote, Other Private Refineries – NNPC

ADESUPO OSOSANYA

  No 50,000 bopd privately-owned Refinery will be in Nlgeria without NNPC acquiring stake in it according to the Nigerian Government’s Policy to Safeguard National Energy Security     The Nigerian National Petroleum Corporation has revealed that it is currently considering equity participation in a number of private refineries in the country in line with a Federal Government policy directive which stipulates the mandatory participation of the Corporation in any privately-owned refinery that exceeds 50,000 barrels per day capacity in keeping with its statutory role of safeguarding national energy security.…

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