Month: September 2021

How Caleb Varsity Student, John Olajide, “disappeared” from School – Mgt

ADEOLA YUSUF

The management of Caleb University has offered an explanation on what it called the disappearance of one of its students, Mr John Oluwanifemi Olajide, and issue bothering on cultism. The School’s Deputy Director, Public Relations and Marketing. Elvis Otobo, PhD, who made the clarifications to Platforms Africa, through a press release, noted that the University has reported the matter on 21st August, to the Imota Divisional Police Station. READ ALSO: The Fall And Fall of Naira: Nigeria’s Exchange Unit Crumbles to 48-Year Low Caleb Varsity appoints Mayokun Olumeru Registrar as…

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Crude oil price surpasses $75 mark, ups Naira marginal gains against Dollar

ADEOLA YUSUF

The prices of crude oil, Nigeria’s biggest revenue earner, have surged above $75 mark, reports Platforms Africa. Beyond this, the exchange rate between the naira and the US dollar closed at N412.06/$1, at the official Investors and Exporters window. Naira recorded a marginal gain against the US dollar on Wednesday, to close at N412.06/$1, compared to N412.08/$1 recorded on Tuesday, 14th September 2021. READ ALSO: The Fall And Fall of Naira: Nigeria’s Exchange Unit Crumbles to 48-Year Low Nigerian Banks borrow N15.95bn from CBN in one Month + FULL LIST…

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Lekoil boardroom crisis worsens, slips into legal fireworks

ADEOLA YUSUF

Oil firm keeps mum on Buyers of Metallon’s Shares, weeks after sale   The last may not have been heard of the boardroom bickering rocking the London-listed oil firm, Lekoil (Cayman) Limited. Platforms Africa reports that Lekoil Nigeria has begun legal address of concerns on various degrees of alleged breach of processes by Lekoil Cayman. READ ALSO: Investors jittery as Lekoil Ltd Shares crumble by 41% over Metallon pullout Beneficial Ownership: 2-Yr Jail terms for erring Contractors, Businessmen – CAC 5 Lies In circulation About The Nigeria’s Petroleum Industry Act,…

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Beneficial Ownership: 2-Yr Jail terms for erring Contractors, Businessmen – CAC

ADEOLA YUSUF

Head of CISLAC and Transparency International in Nigeria, Auwal Ibrahim Musa, has charged Nigerian Government to blacklist erring contractors, businessmen for beneficial ownership    Contractors and business owners in Nigeria who are found guilty of misinformation or false disclosure of beneficial ownership will be jailed for two years. Registrar-General, Corporate Affairs Commission (CAC), Garba Abubakar, told Platforms Africa on the sideline of a two-day event organised by Civil Society Legislative Advocacy Centre (CISLAC) in Lagos, that misinformation or false disclosure of beneficial ownership has now been criminalised. READ ALSO: EFCC…

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Nigeria Damns Critics, Advances 5G deployment Nationwide

ADEOLA YUSUF

Antagonists of 5G have earlier blamed COVID-19 outbreak on the network   The Nigerian Government has advanced moves for the deployment of the Fifth Generation Network, otherwise called 5G across the country. Platforms Africa reports that some antagonists of 5G network have earlier blamed COVID-19 outbreak on the network. They have claimed that vaccination against COVID-19 might include injection of microchips into human system to tag them, a claim that has been thouroughly dispelled by researchers and scientists. The Nigerian Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim-Pantami,…

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The Fall And Fall of Naira: Nigeria’s Exchange Unit Crumbles to 48-Year Low

ADEOLA YUSUF

Naira, Nigeria’s unit of exchange, has crashed to N545/$1, lowest level in its 48-year history     The exchange rate between the naira and the US dollar closed at N411.67/$1, at the official Investors and Exporters window, last week Meanwhile, the exchange rate at the parallel market where the majority of Nigerians patronize slumped to a new record on Friday to close at N545/$1. The naira has suffered devaluation at the parallel market and many stakeholders have expressed their concern as foreign currencies scarcity persists. Some traders have attributed the…

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Who is Afraid of NNPC’S Veteran Process Engineer, Ahmed Dikko?

ADEOLA YUSUF

Who is Afraid of Ahmed Dikko, NNPC’S Veteran Process Engineer ?     By Jeremiah Odafe-Igho   Why is Engr. Ahmed Dikko, Managing Director of the Port Harcourt Refining Company, (PHRC) coming under series of what appears to be trumped-up campaign of calumny against his personae?   But why would a man like Dikko who has express Presidential mandate to provide hands-on supervision and coordination of the ongoing comprehensive rehabilitation of Nigeria’s largest crude oil refining facility, Port Harcourt Refinery, be the subject of intense media driven umbrage?   The…

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How Nigeria Popular First Class Monarch, Emir of Bungudu, was Kidnapped

ADEOLA YUSUF

A police personnel was said to have been killed during exchange of fire with the terrorists.   A popular first class monarch in Nigeria, Emir of Bungudu, has been abducted by suspected bandits. Platforms Africa reports that the chief was abducted while traveling along the notorious Kaduna – Abuja highway on Tuesday evening. A police personnel was said to have been killed during exchange of fire with the terrorists. READ ALSO: How Gunmen kidnapped Nigeria ex-President Obasanjo’s top workers – Police BREAKING: Bandits Kidnap Commissioner For Information in Nigeria BREAKING:…

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Petrol Tanker Explosion Rocks Nigeria Adamawa Airport Road

ADEOLA YUSUF

A fully loaded 33,000 litres petrol tanker has exploded in Yola, the capital of Adamawa state, Northeast Nigeria. Platforms Africa reports that the casualty figures are still unclear. The incident occurred on Airport Road’s busy PZ Roundabout. The fuel compartment of the tanker, owned by Conoil, separated and dropped when the driver was negotiating the roundabout, according to SaharaReporters. READ ALSO: Secondary School Pupil Commits Suicide After Boyfriend’s ‘betrayal’ +PHOTOS UBA, GTBank, FirstBank 5 Others’ Branches Shut Over N456m Tax Liability Nigeria is World highest porn-watching country – Report Vehicles…

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