Month: August 2021

Nigerians To Pay More for Electricity As Tariff Hike Begins Wednesday

ADEOLA YUSUF

Why We Gave DisCos Implementation Order for New Electricity Tariff To Take Effect Next Wednesday – NERC   Nigerians are to begin higher payment for electricity beginning from Wednesday, 1st of September, 2021. Platforms Africa reports that the Nigerian Electricity Regulatory Commission (NERC) has already given implemetation Order to the Eleven Distribution companies (DisCos) for the new electricity tariff increase. READ ALSO: BREAKING: Blackout as Nigeria’s Power grid suffers 2nd collapse in 26 days BREAKING: Nigeria’s Electricity Market debts to Egbin Power hit N388bn Nigerian Power Consumers read riot act…

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How, Why NNPC made ₦287bn Profit: Kyari gives Facts behind the Figures

ADEOLA YUSUF

Oil minister Sylva, Board Members Hail NNPC for first prifir in 44 years Following the Presidential applause for the Nigerian National Petroleum Corporation (NNPC) on its posting of ₦287bn profit after tax in the 2020 financial year, the Group Managing Director, Mallam Mele Kyari, has given an insight into the measures adopted by his management to achieve the feat. A statement from the NNPC quoted Kyari to have saifls this while speaking at a press conference Thursday at the NNPC Towers, Abuja. The GMD, the statement issued by spokesman, Garba…

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Aviation Journalist, Wole Shadare, decorated among Nigeria’s 100 Top Industry Leaders

Wonuola Olujobi

Globally recognised award-winning Aviation journalist, Wole Shadare, has been decorated as one of the 100 top aviation leaders in Nigeria. Platforms Africa reports that Shadare was recognised and decorated at a two day aviation and cargo symposium and exhibition in Lagos, Nigeria’s commercial capital. READ ALSO: Kaduna Crash: Co-Pilot Dies 2 Months After Wedding, Pilot weeks to Marriage Why we fired 75 pilots – Nigeria’s airline operator Air Peace + FULL STATEMENT  Tears, Tributes as Tolulope Arotile, Nigeria’s first female combat helicopter pilot, buried + PHOTOS PLATFORMS AFRICA PREPARES LEGACY…

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12 Years After, Ronaldo Returns to Man United as Club, Juventus Strike deal

Lukman Olasunkanmi

Manchester United announced on Friday they have reached a deal to re-sign Cristiano Ronaldo from Juventus, 12 years after he left Old Trafford for Real Madrid. “Manchester United is delighted to confirm that the club has reached agreement with Juventus for the transfer of Cristiano Ronaldo, subject to agreement of personal terms, visa and medical. READ ALSO: Nigeria, Russia ink military deals as US embargoes $1b arms’ sale to Buhari CSR: Emulate Egbin, Nigeria ex-Internationals, Agali, Ekpo, Task Investors BREAKING: Popular Nigerian Actor, Tinsel Superstar, Victor Olaotan, is Dead “Cristiano,…

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Nigeria, Russia ink military deals as US embargoes $1b arms’ sale to Buhari

Aliyu Aliyu

How US lawmakers have put a hold on a proposal to sell almost $1bn of weapons to Nigeria over concerns about possible human rights abuses by the government   Nigeria and Russia have signed a military cooperation deal providing a legal framework for the supply of equipment and the training of troops. Platform Africa, which reports this, quoted the Nigerian embassy in Moscow to have confirmed the deal on Wednesday, August 25, 2021. Nigerian President Muhammadu Buhari had expressed interest in such a pact with Russia as far back as…

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BREAKING: Popular Nigerian Actor, Tinsel Superstar, Victor Olaotan, is Dead

ADEOLA YUSUF

Heart-rending details of how the Tinsel Star had a ghastly motor accident, bedridden since 2016, begged for hospital bills, lost the battle to terrible pains, chronic traumatic brain injury   Popular Nigerian actor and Tinsel superstar, Victor Olaotan, also known as Big Daddy is dead. Platforms Africa reports that his wife, Julia Olatan, confirmed the death of his Husband. The family of the Olaotan had cried out for help to support the actor who was battling with an injury arising from an accident in 2016. The actor, according to a…

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NCC Extols Ex-Board Chairman, Senator Olabiyi Durojaiye’s Virtues

Wonuola Olujobi

The Board, Management and entire members of staff of the Nigerian Communications Commission (NCC) have commiserated with the family of the immediate Past Chairman of the Board of the Commission, Distinguished Senator Otunba Olabiyi Durojaiye. Platforms Africa reports that Durojaiye answered the call of God on Tuesday, August 24, 2021 at the age of 88 years. READ ALSO: NNPC Records N287bn first Profit in 44 Years, Publishes 2020 Audited Report Nigerian Govt queries Channels TV over Benue Gov’s interview + NBC’s LETTER As NCC Sets Fresh Operational Fees, Spectrum Prices…

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IBEDC Records N24bn Deficit, 15,032 Vandalism Cases in Six Months

ADEOLA YUSUF

Utility firm mulls N91 billion investments for network expansion, metering in the next five years Biggest power utility firm in Nigeria, Ibadan Electricity Distribution Company (IBEDC), has recorded a revenue deficit of N24 billion and 15,032 cases of vandalism on its assets between January and July 2021. Platforms Africa reports that the Chief Operating Officer, Engineer John Ayodeji, who declared this at the IBEDC 2021 half year press conference in Ibadan, Southwest Nigeria, stated that the company was running at a loss and experiencing a deficit of N4 billion monthly.…

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Lasaco Recorded N10.94bn GPW In 2020, Says Chairman, Philips, at 41st AGM

Tade Salako

The Chairman of Lasaco Assurance Plc, Mrs Olateju Philips, has disclosed that the company delivered an awesome performance with a record Gross Premium Written (GPW) of N10.937 billion. Platforms Africa reports that Philips who made this known during the company’s 41st Annual General Meeting held at Marriott Hotel, Ikeja GRA Lagos, added that Lasaco Assurance Plc was able to generate N8.05billion in net underwriting income as against N6.71billion made in 2019, signifying an increase of 20% year on year. All these, she said, were recorded in spite of the challenging…

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