Month: September 2021

BREAKING:100% Electricity Tariff Hike Begins in 4 Months – Nigerian Govt

ADEOLA YUSUF

The Nigerian government has stated its plans to end all forms of subsidy for tariff in the power sector by January, 2022, a move expected to skyrocket tariff to 100%. Platforms Africa reports that the Special Adviser to the President on infrastructure, Ahmed Zakari, made this known during the Stakeholders engagement meeting organized by the Nigerian Electricity Commission, NERC, in Lagos. The power industry in Nigeria has reportedly being rocked by claims of revenue shortfall allegedly due to a tariff regime that is “not cost reflective.” Data of Nigerian Bulk…

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EXCLUSIVE: NBET appropriates N139bn, 98% of 2021 budget, for GenCos payment

ADEOLA YUSUF

The Nigeria Bulk Electricity Trading Plc (NBET) has budgeted N139 billion, 98% of its 2021 budget, to pay Generation Companies (GenCos). Platforms Africa, , which gathered this exclusively from the 2021 budget of NBET, added that efforts are on to make the recent audited accounts of the bulk trader public. READ ALSO: BREAKING: Nigeria’s Electricity Market debts to Egbin Power hit N388bn How Oil firms burnt $787.7m worth of Nigerian gas, polluted air in 7 months Power market’s debts profile to NDPHC hits N190bn EXCLUSIVE: How Nigeria’s Grid collapse, Blackout…

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General Manager NNPC Shipping, Inuwa Waya, retires, mulls Kano Governorship

ADEOLA YUSUF

The Group General Manager in charge of the Shipping at the Nigerian National Petroleum Corporation (NNPC), Inuwa Waya, sprung up a surprise as he announced his decision to voluntarily retire from the company in December this year. Platforms Africa reports authoritatively that Mr. Waya still has two years in his career at NNPC to reach the mandatory official retirement age of 60 years. Although the retirement of the top management staff is yet to be officially confirmed by the NNPC, multiple sources at the corporation Towers in Abuja confirmed to…

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Patients suffer as Nigeria’s doctors continue strike, defy Court ruling

ADEOLA YUSUF

The suffeeing being inflicted on patients in Nigerian hospotals is worsening as there may be no end insight to the bickering between the Nigerian government and the striking doctors. Platforms Africa reoorts that the striking National Association of Resident Doctors (NARD) has vowed to defy Friday’s ruling of the National Industrial Court (NIC) ordering its members to return to their duty posts. READ ALSO: Nigeria’s Minister, Ngige, Accuses Striking Doctors of ‘Playing God’ Nigeria Threatens To Sack, Replace Striking Resident Doctors Nigerian Doctors begin nationwide ‘total, indefinite’ strike Monday The…

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Shell $2.3bn Assets’ Sale in Nigeria suffers Setback

ADEOLA YUSUF

No likelihood of any client raising the estimated $2.3 billion needed to purchase the Shell assets, says GTBank   The inability of Nigerian lenders to raised enough dollars for intending buyers of oil assets planned to be put on offer by Shell has stalled the exrcise. Royal Dutch Shell is planning to sell off its onshore and shallow water assets, being managed by its Nigerian unit, the Shell Petroleum Development Company (SPDC). Platforms Africa reports that Dollar Scarcity has worsened buyers’ apathy for the sale of the assets. READ ALSO:…

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Arise Walk Convener Highlights Physical Fitness Relevance to Healthy Living

ADEOLA YUSUF

Arise Women Convener, Dr Siju Iluyomade rallies leaders, celebrities for 2021 Arise Walk   Convener, Arise Women, Dr Siju Iluyomade, has underscored importance of healthy living through regular exercise and right diet. Iluyomade, according to a statement sent to Platforms Africa, said this as she prepared to lead prominent leaders, celebrities and other in road walk. “We came up with Arise Walk, a global initiative specially dedicated for everyone, not only Nigerians, but everyone across the globe to keep up with our health in general,” she was quoted to have…

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JUST IN: How Spirit Of God Led Me to Join APC, Dump PDP – Fani-Kayode

ADEOLA YUSUF

Nigerian Politician and ex-Minister of Aviation during the President Olusegun Obasanjo government, Mr. Femi Fani-Kayode, has formally joined the ruling All Progressives Congress, APC. Platforms Africa reports that Mr. Fani-Kayodee was presented to President Muhammadu Buhari by the Chairman, Caretaker Committee of the APC, and governor of Yobe State, Mai Mala Buni on Thursday at the Presidential Villa, Abuja. Mr. Fani Kayode said that he was led by the Spirit of God in his decision and that he joined the APC to help for the unity of the country, adding…

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Meet Ibiyemi Olatunji-Bello, LASU New VC, First Professor of Physiology

ADEOLA YUSUF

  Ibiyemi Olatunji-Bello is the wife of the Lagos State Commissioner for Environment and Water Resources, Mr. Tunji Bello.   Lagos State Governor Mr. Babajide Olusola-Sanwo-Olu has approved the appointment of Professor. Ibiyemi Olatunji-Bello as the 9th substantive Vice-Chancellor of the Lagos State University (LASU). Platforms Africa reports that Prof. Ibiyemi Olatunji-Bello is the wife of the Lagos State Commissioner for Environment and Water Resources, Mr. Tunji Bello. READ ALSO: Meet Abigail Ogwezzy-Ndisika, UNILAG first female Professor of Mass Comm UI, LASU, Covenant retain Nigeria’s best Federal, State, Private Varsities’…

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BREAKING: EFCC Chairman, AbdulRasheed Bawa, slumps

ADEOLA YUSUF

Here is EFCC’s official account of how it all happened The Chairman of Nigeria’s anti-graft agency, Abdulrasheed Bawa, has reportedly slumped. Platforms Africa gathered that the youngest Chairman in the History of EFCC slumped at the Presidential Villa in Abuja, Nigeria’s administrative capital. READ ALSO: Why EFCC Is Yet To Arrest Tinubu — Bawa Opens Up on Trial of Top Politician Missing N603m: Assistant Director Commits Suicide After EFCC Summon BREAKING: EFCC boss, AbdulRasheed Bawa, slumps Bawa was, on Thursday, said to be speaking to dignitaries at the Banquet Hall…

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Dangote Hunts for more Loans, Talks with Oil Traders to Borrow for Refinery

ADEOLA YUSUF

An option of raising another $500 million from a trade house or consortium was also being actively explored.   Africa’s richest man Aliko Dangote is reportedly in talks with some of the world’s biggest oil traders to help finance his mega refinery project in Lagos, Nigeria’s commercial capital. Platforms Africa reports this, adding that option of raising another $500 million from a trade house or consortium was also being actively explored. READ ALSO: EXCLUSIVE: Major Shake up rocks DPR, 6 Deputy Directors Removed + FULL LIST DPR confirms Platforms Africa…

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