Month: September 2021

Oil hits $78 per barrel, highest in almost 3 years

ADESUPO OSOSANYA

Oil prices rose for a third week in a row to a near three-year high of $78 owe harrel on Friday. Brent futures rose 84 cents, or 1.1%, to settle at $78.09 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 68 cents, or 0.9%, to settle at $73.98. That was the highest close for Brent since October 2018 and for WTI since July 2021, both for a second day in a row. This came as global output disruptions have forced energy companies to pull large amounts of crude…

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Sultan extols Sanusi Ojolowo, Oyo Muslim late leader’s virtues

Dawood Rabiu

The Leader of Muslim in Nigeria, Sultan Muhammad Sa’ad Abubakar, has extolled the virtues of the late Aare Musulumi of Ibarapa Land, Oyo State, South West Nigeria, Alhaji Sanusi Ojolowo. Platforms Africa reports that Abubakar, who doibles as the Sultan of Sokoto, is the President-General of the Nigeria Supreme Council for Islamic Affairs (NSCIA). In his reaction to demise of Ojolowo, Sultan Abubakar, according to a statement sent to Platforms Africa, condoled with the “family of the deceased, the people of his home town of Tapa, Ibarapa Local Government, Government…

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$1.2m Oil deals’ bribe used to fund Buhari, Jonathan elections -BP Ex-Staff

Efe Wellington

Jonathon Zarembok, a British Petroleum (BP) ex-staff, alleges that $1.2 milluon bribes for oil contracts from Nigerian National Petroleum Corporation (NNPC) were used to support the 2015 and 2019 general elections. Platforms Africa reports that the 2019 presidential election was keenly contested between incumbent President Muhammadu Buhari and ex-vice president Atiku Abubakar. The 2015, on the other habd was between the then incumbent President, Goodluck Jonathan, and Buhari. READ ALSO:Nigeria Central Bank rolls out Digital Currency, e-Naira, October 1 EXCLUSIVE: Nigeria scraps DPR, PPPRA, Names new Oil regulators, Mgt, Boards…

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Real Reason Nigerian Govt Banned SS1, SS2 Students from WASSCE, NECO

Ganiu Amodu

“Any student caught to have written any of the above examinations in SS1 or SS2 classes will be expelled.”   Nigerian Government has opened up on the real reason it stopped students in Senior Secondary School one and two from participating in external West African Senior School Certificate Examination, WASSCE; the National Examination Council, NECO; and National Business and Technical Examinations Board, NABTEB. Platforms Africa reports that this was contained in a circular issued to principals of federal unity schools by the Federal Ministry of Education. “Students who are involved…

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PHOTONEWS: Obateru To Muhammad: Inside Transition Details at NNPC GPAD

ADEOLA YUSUF

Group General Manager, Group Public Affairs Division, Nigerian National Petroleum Corporation (NNPC), Dr. Kenny Obateru has officially handed over to his successor, Mr. Garba Deen Muhammad at a colourful occasion at the GPAD of the NNPC. READ ALSO: EXCLUSIVE: Obateru Clocks 60, Retires from NNPC September 24 BREAKING: 7 Senior Mgt. Staff Affected as Shakeup rocks NNPC + FULL LIST Corporation to Company: Clock ticks on NNPC’s current existence Platforms Africa presents the see-it-yourself pictures from the event in this special photonews tagged The Inside Transition Details at NNPC GPAD.

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Nigeria Central Bank rolls out Digital Currency, e-Naira, October 1

ADEOLA YUSUF

Here, according to CBN spokesperson, is what you may need to know about Nigeria’s digital currency and how it will affect you . The Central Bank of Nigeria (CBN) is set to, for the first time in history, roll out the Central Bank Digital Currency (CBDC) on October 1, 2021. Platforms Africa reports that The Director of Information Technology, Central Bank of Nigeria (CBN), Rukiya Mohammed, who disclosed this in a webinar, themed “Digital currency and the prospects of CBDC in Nigeria”, organised by the committee of e-Business in industry…

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JUST IN: Sgt. Phillipps, Police ‘Killer’ of Lagos Teenage Girl, Monsurat Ojuade, Dismissed

Gbenga Adeoti

Inside the investigation that indicted Phillipps of murder, recommended his prosecution The Nigerian Police has dismissed an officer attached to the Lagos Command, Sgt Samuel Philipps, for allegedly killing an 18-year-old varsity education seeker, Monsurat Ojuade, in Ijeshatedo axis of Surulere Local Government, Lagos State. Platforms Africa gathered that the law enforcement agency dismissed the officer after an internal investigation conducted indicated that Philipps’ actions were responsible for the teenager’s death. READ ALSO:How 22 Nigerian Muslims Murdered, 14 injured in Plateau Road Attack -Police Super TV boss Ataga murder: Court…

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Nigerian Youth Ministry Kicks, Army Sanctions Officer Dehumanizing NYSC Member

Precious Ibekwe

The Nigerian Army High Command has condemned in strong terms a female officer seen in a video clip dehumanizing a female member of the National Youth Corps (NYSC) in Calabar, Cross River State. Platforms Africa reports that a statement by Army spokesperson, Brig. Gen. Onyema Nwachukwu, condemned the act, describing it as unprofessional and against established precepts of discipline in the Nigerian Army. While dismissing attempt to cover up the disgraceful act, Nwachukwu said the female officer has already been identified and sanctioned, adding that she would also face regimental orders…

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2022 Budget: Nigeria Okays $57pb oil benchmark, $410.15/$1 Exchange Rate

ADEOLA YUSUF

Senate passes N13.98trn deficit Budget, retains revenue of N8.36 tri and  pegs daily crude oil production  at 1.88mbpd, 2.23mbpd, and 2.22mbpd for 2022, 2023 and 2024 respectively,   The Nigerian Senate has passed the 2022-2024 Medium Term Expenditure Framework, MTEF, and Fiscal Strategy Paper, FSP. with the approval of deficit Expenditure of N13.98 trillion the Federal Government should budget for 2022. Platforms Africa reports that the breakdown of the Aggregate Federal Government  Expenditure of N13.98 trillion is made up of  Total Recurrent (Non-debt) of N6.21 trillion; Personnel Costs (Ministries, Departments and Agencies,…

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US varsity appoints Nigerian, Shitta-Bey, Prof of Philosophy

Wonuola Olujobi

    The University of Maryland Global Campus  in the United States of America (USA), has appointed a Nigerian, Dr. Olanrewaju Shitta-Bey, a Professor of Philosophy and Humanities. Until his promotion, the university don was an associate Professor in the Department of Philosophy and Humanities, University of Maryland, USA. READ ALSO: Meet Ibiyemi Olatunji-Bello, LASU New VC, First Professor of Physiology Meet Emmanuel Osodeke, Prof of Soil Science who just emerged ASUU President Meet Abigail Ogwezzy-Ndisika, UNILAG first female Professor of Mass Comm Meet Ibiyinka Fuwape, Nigerian female Professor who…

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