Day: September 20, 2021

Lagos criminalises Open Grazing, Governor Sanwo-Olu Signs Bill Into Law

ADEOLA YUSUF

Nigeria’s commercial capital, Lagos, has criminalised open grazing of cattle. Platforms Africa repoets that Governor of the state, Babajide Sanwo-Olu, signed the bill prohibiting open cattle grazing in the state into law to put an end to the act considered controversial in Nigeria. He signed the bill into law on Monday. The governor’s media aide on print media, Wale Ajetunmobi, made this known in a social media message sighted by Platforms Africa. “Breaking! Governor Babajide Sanwo-Olu, this afternoon, signs the bill prohibiting open cattle grazing in Lagos into law,” he…

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BREAKING: Nigerians Consumed N295.72bn Worth of Fuel in May

ADEOLA YUSUF

NNPC oil, gas revenues hit $219.75m in May, Corporation posts ₦295.72bn from fuel sale   Nigerians consumed over N295.72bn worth of petroleum products in the month of May, 2021, an increase of over N75 billion compared to ₦220.13billion worth of fuel consumption in April 2021. Platforms Africa reports that the Nigerian National Petroleum Corporation (NNPC), sole/major importer of fuel into the country, which confirmed this through its Monthly Financial and Operational Report (MFOR) for May, maintained that it single-handedly raked in the amount from the products’ sale during the month.…

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Corporation to Company: Clock ticks on NNPC’s current existence

ADEOLA YUSUF

Buhari appoints Ararume Chairman 9-man board for new (incorporated) NNPC with relatives of Chuba Okadigbo, Mashall Harry, others as members Platforms Africa reports that the Nigerian National Petroleum Company Limited is to be incorporated into a public entity, President Muhammadu Buhari gave ths directive on Sunday. The directive to the Group Managing Director of the NNPC, Mele Kolo Kyari, was pursuant to Section 53(1) of the Petroleum Industry Act (PIA) 2021, which requires the Minister of Petroleum Resources to cause the NNPC Limited to be incorporated within six months of…

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