Day: June 10, 2021

NNPC Sets Up Anti-Graft Unit, Blocks Industry’s Corruption Loopholes

ADESUPO OSOSANYA

The Nigeria National Petroleum Corporation (NNPC) has created an anti-corruption unit within the corporation that would begin to checkmate contracts and transactions processes in oil and gas industry. This is with an aim to ensure transparency and accountability are embraced in the sector. It said that creation of the unit was part of NNPC’s commitment towards combating corruption across the oil and gas sector and that the anti-graft desk would ensure transparency and accountability between regulatory bodies, operators as well as players in the industry.   READ ALSO: How EFCC…

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BIG BROTHER! Nigeria To Sell Unused Electricity To Togo, Niger, 2 Others

Aoko Benjamin

    Nigeria is to sell stranded electricity to four countries. The Chairman of the Executive Board of the West African Power Pool, Sule Abdulaziz, said Platforms  Africa reports that Niger, Togo, Benin and Burkina Faso are collaborating to buy the unutilised power produced in Nigeria.   READ ALSO: Power Epilepsy lands Nigerian businesses in $58bn loss in 24 months Nigeria suffers Nationwide Power outages, 17 power plants in disarray Court orders arrest of popular Nigerian Pastor over EKEDC’s power theft   Abdulaziz, who is also the acting Managing Director…

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2021 Hajj: Tension as Saudi quiet on Nigeria’s quota 38 days to Arafat

Aliyu Aliyu

Hajj and Umrah operator wants Nigeria to cancel 2021 Hajj, opens up on why fares may skyrocket to N2.7 million per pilgrim   The Kingdom of Saudi Arabia is yet to make public, quota for Nigeria as at Thursday, June 10, which is exactly 38 days to the Day of Arafat. Official data shows that Arafat Day comes up on 18th and/or 19th of July. Platforms Africa reports that even if Saudi communicates today and open the road for limited foreign pilgrims, the cost of hajj is expected to skyrocket.…

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Nigeria Pays Oil Marketers, Others N940.2bn Subsidy, Debt Stock Hits N33trn

ADESUPO OSOSANYA

How the Nigerian Railway Modernisation Project (Lagos – Ibadan section) loan got $1.267 billion lion share + data on projects and how much was borrowed to finance them   Nigeria’s total debt stock comprising federal, states and the Federal Capital Territory (FCT) stood at N33.107 trillion or $87.239 billion as at March 31, 2021. Platforms Africa reports that the country’s Debt Management Office (DMO) confirmed this in the latest debt stock update last night, declaring that this included Promissory Notes in the sum of N940.220 billion, which have been issued…

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Nigerian Poly Lecturers suspend 2 months’ strike

Tade Salako

Nigerian Government had offered to release N15 million for revitalisation of polytechnics and monotechnics   The Nigeria’s Academic Staff Union of Polytechnics (ASUP) has suspended its two-month-old nationwide strike. ASUP’s National Publicity Secretary, Mr Abdullahi Yalwa, made the disclosure in a press statement sent to Platforms Africa. The statement was issued on Wednesday in Abuja.   READ ALSO: JUST IN: Nigerian Courts Reopen After 64 days as Workers End Strike Why Strike won’t end now: ASUP opens up to Nigerian Poly Students, Parents Nigeria has 3 weeks to Stop imminent Food,…

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