Day: February 25, 2022

Transcript of the Speech by Ukrainean President Volodymyr Zelensky

Volodymyr Zelensky

From his call to Putin few hours ago, through threat on how the “step (by Putin) can be the beginning of a big war on the #European continent,” to an appeal to Russians, here is a read-for-yourself transcript of the speech by President of Ukraine, a country facong a full blown war with Russia. “Today I initiated a phone call with the president of the Russian Federation. The result was silence. Though the silence should be in #Donbas. That’s why I want to address today the people of #Russia. I…

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BREAKING: ExxonMobil Exits Nigeria’s Onshore, Sells Asset To Seplat

ADEOLA YUSUF

Details of $1.583 billion deals to acquire the entire share capital of MPNU plus contingent consideration, and how asset transfer will wait for minister’s assent   United States oil giant, ExxonMobil, has finally exited Nigeria’s onshore and shallow water operations as it sold off all its assets in the terrain. Platforms Africa reports that the asset sale, which is the first transaction after the signing of Petroleum Industry Act (PIA), was to Seplat Energy Plc. The two firms have completed the deals but will await the ministerial assent for proper…

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JUST IN: Nigerian Content Fund exceeds $500m

ADEOLA YUSUF

The Nigerian Content Intervention (NCI) Fund has exceeded half a billion dollars, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has said. Platforms Africa reports that Wabote spoke recently at the Sub-Saharan African International Petroleum Conference (SAIPEC) organised in Lagos by the Petroleum Technology Association of Nigeria (PETAN), He indicated that the NCI Fund which is extended as low-cost credit to qualified oil and gas companies covers asset acquisition, project financing, manufacturing, working capital, loan refinancing, women in oil and gas, and research…

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Oil Crosses $100 Mark, N3trn May Not Be Enough For Nigeria’s Fuel Subsidy

Ayobami Adedinni

How oil jumped by $10 to hit the highest mark since 2014 just few hours after the start of the Russian-Ukrainian tension   Oil prices on Thursday jumped above the $100 per barrel mark following Russia’s invasion of Ukraine. Platforms Africa reports that International benchmark Brent crude surpassing $100 a barrel for the first time since 2014. While this means more oil revenues for Nigeria, Africa’s biggest crude exporter, it has also constituted a threat to the N3 trillion Nigeria has planned to spend as fuel subsidy from January 2022.…

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SUSPENSION: FIFA Axes Kenya, Zimbabwe, Gives Reason

Tade Salako

‘ FIFA has suspended Kenya and Zimbabwe for government interference, according to Gianni Infantino, the president of the world football governing body. Infantino revealed this at a press conference on Thursday. Kenya’s Ministry of Sports in November 2021, suspended the Football Kenya Federation (FKF) and appointed a caretaker committee to take charge of soccer activities in the country. In Zimbabwe, the country’s federation was also suspended by the Sports and Recreation Commission (SRC) in November 2021. “We had to suspend two of our members; Kenya and Zimbabwe, both for government…

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Ukraine President Says Country “Left Alone” To Fight Against Russia

Aoko Benjamin

Ukraine President Volodymyr Zelensky, who said in a video address, that 137 Ukrainians have been killed,  screamed “Who is ready to fight alongside us? I don’t see anyone.” Ukraine President said that they have been “left alone to defend our state.” Kyiv: Ukraine’s president said Friday his country had been left on its own to fight Russia after the Kremlin launched a large-scale invasion that killed 130 Ukrainians in the first day. “We have been left alone to defend our state,” Volodymyr Zelensky said in a video address to the…

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BREAKING: MTN, Mafab Pay $547.2m for 5G Licences

Aliyu Aliyu

Provisional winners of the 3.5 Gigahertz (GHz) spectrum licence, MTN Communications Nigeria Plc and Mafab Communications Limited, have made their full payment of $547.2m for 5G Licences. Platforms Africa reports that each of the companies paid $273.6 million for the 5G Spectrum license to the Nigerian Communications Commission. The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, officially confirmed the payment status today, February 24, 2022, just as the deadline set for the two winners of the spectrum auction elapsed. As part of the auction process…

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Russian-Ukrainian War: Prices Africa Is About To Pay, By Nurudeen Oyewole

Nurudeen Oyewole

Nurudeen Oyewole digs out some beneath-the-sufface information from the other end about what Africa will face in the raging Russian-Ukrainian war   As the booms of guns shots, the bangs of bomb blasts and the smothering of missile shelling swell the air across the length and breadth of Ukraine on Thursday, February 24, the doubts, guesses and projections of potential war between Russia and Ukraine have been laid to rest while the reality of an impending Armageddon inches closer. But while the world powers scramble from west to east, north…

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