1 - 2022 - Platformsafrica

BREAKING: Interpol Begins Manhunt For Nigeria’s ex-Oil Minister, Diezani

January 25, 2022January 25, 2022 ADEOLA YUSUF

“With the warrant of arrest already in possession of Interpol, she may be given either the Nnamdi Kanu or Sunday Igboho’s treatment except she gives herself in.” The International Police (Interpol) formations across the World have begun a man-hunt for the Nigeria’s former minister of Petroleum Resources, Mrs. Diezani Alinson-Madueke, Platforms Africa can report authoritatively. Alinson-Madueke has been declared wanted through an arrest warrant issued by a Federal High Court sitting in Abuja, and Platforms Africa reports that copies of warrant have been circulated to the Interpol formations, which have,…

Ibom Power Mulls Investment, Generation Surge to 685MW

January 25, 2022 ADEOLA YUSUF

Why Company is targeting 500MW Additional Power Generation – Managing Director The Ibom Power Plc is consolidating on its existing investment and also targeting construction of about 500MW power plant in addition to its current 190MW. Platforms Africa reports that the Managing Director of the power firm, Engr Meyen Etukudo, who declared this in a chat with top energy journalists in Uyo, capital if Akwa Ibom state, said that the 685MW licence acquired by the company has even been renewed till 2028. He listed some of the challenges confronting the…

Ardova Plc to Complete West Africa’s Largest LPG Storage Facility December

January 25, 2022 Efe Wellington

Ardova Plc recently held a groundbreaking ceremony to commemorate the ongoing construction of its new world-class Liquefied Petroleum Gas (LPG) storage facility at the company’s Ijora-Lagos Campus. The LPG facility which will sit on 8.8 hectares and have a combined storage capacity of 20,000 metric tonnes, underscores Ardova’s commitment to grow revenues from cleaner fuels. Olumide Adeosun, Chief Executive Officer, Ardova Plc, said “This event marks an important step in our evolution to an integrated energy company, as it draws us closer to our projection of a future where renewables…

Buhari Embargoes Fuel Subsidy Removal, ‘Okays’ N1.9trn Under-Recovery

January 25, 2022 ADEOLA YUSUF

Findings by Platforms Africa show that the subsidy is to cost Nigeria an average of N103bn monthly for the 18 months window opened by the President President Muhammadu Buhari has embargoed fuel subsidy removal, a move that will gulp about N1.854 trillion for the 18 months the embargo will last. Findings by Platforms Africa showed that the subsidy is to cost Nigeria an average of N103 billion monthly for the 18 months window opened by the President. The Nigerian government, nonetheless, said that the subsidy on fuel would last…

Ashimolowo Names First Son Second-In-Command to Wife As KICC Pastor

January 25, 2022 Wonuola Olujobi

‘They Are Retiring Me,’ Ashimolowo says as Tobi Ashimolowo is expected to assist his mother, Yemisi Ashimolowo, who is the Church’s Resident Pastor 1 The founder of Kingsway International Christian Centre (KICC) Pastor Matthew Ashimolowo has appointed his first son, Tobi Ashimolowo, as Resident Pastor 2 of the church in London. He is now the second-in-command to his mother, Yemisi Ashimolowo, who is the Resident Pastor 1. Tobi is the Founder and Chief Executive Officer of the Vault, a high-end store for mens wear and accessories. READ ALSO: Dare, Nigerian…

How Popular Ogun Monarch Was Murdered, Burnt to Ashes – Police

January 25, 2022 ADEOLA YUSUF

The Nigerian Pol8ce has given details of how unknown gunmen on Monday assassinated and burnt the corpse of the Olu of Agodo, in Ewekoro Local Government Area of Ogun State, Oba Ayinde Odetola. It was gathered that Oba Odetola was killed and burnt beyond recognition immediately he drove into the community around 11 am. Platforms Africa learnt that crisis began in Agodo after Odetola of Ake dynasty was elected as the traditional ruler of the town, a development the Owu people reportedly rejected, insisting that anybody from Ake cannot be…

Africa’s Billionaires 15% Richer Despite Global Pandemic in 2021 – Report

January 25, 2022 Ayobami Adedinni

Analysts found that a surge in housing developments in Nigeria and growth in government infrastructure spending drove higher demand in the first nine months of 2021 In spite of the devastating impacts of the global pandemic on businesses around the world, Africa’s billionaires became richer in 2021, a report by Forbes has revealed. The continent’s 18 billionaires are now worth an estimated $84.9 billion, which implies a 15 per cent increase within a year and the most since 2014 when a larger number of billionaires (28 billionaires ) were…

2022 Outlook: Eaton Shares Projections for Buildings Sector

January 25, 2022 Precious Ibekwe

Few areas of business were impacted by the pandemic in such a profound way as buildings. The immense shifts in what we need from buildings, from changing work-life patterns to the movement of retail activity further online, may take years to fully come to fruition. At the same time, however, this ‘change point’ represents an opportunity for the buildings sector to make real change towards delivering a built environment which is fit for the future. Here are five key things to look out for in the coming year as those…

NBET Processes N68bn in One Year, Pays N42bn to GenCos for Nov Cycle

January 25, 2022 ADEOLA YUSUF

The Nigerian Bulk Electricity Trading Plc (NBER) has, for the 2021 payment cycle, processed an average of N68 billion naira worth of electricity via the grid, making sure that GENCOS received an average minimum settlement of 85% of generation invoices. The NBET also said it processed market payment of over N42 billion naira (N42,486,673,723.75 (billion) to generation companies (GENCOS) for the November 2021 Payment Cycle. This, the firm said in a statement sent to Platforms Africa, is for grid distributed electricity. The payments were made last week to GENCOS for…