Day: March 2, 2022

Ukraine Invasion: Experts Fault African Governments’ Late Response

Ayobami Adedinni

As reports of racial discrimination against Africans in the Russian-Ukraine conflict keep pouring in from Social media, experts have said African governments were slow in taking the appropriate steps to safeguard the life of the citizenry. They made this known at the weekly e-Discourse organised by Platforms Africa. Nurudeen Oyewole, an international politics researcher said the slow response of the governments was responsible the current negative experience of Africans in Ukraine. “African countries have been quite lethargic in taking proactive steps. We all watched and saw how western powers were…

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Apprehension As 168 Passenger – Dana Plane Develops Fault Minutes To Take-Off

Tade Salako

When a strange sound and alarm sounded 8n the plane, the frightened passengers raised their voices and insisted that the plane will not take them to their destination Over 168 passengers of Dana Air flight 9J359 Lagos to Abuja have escaped death following a strange faulty sound from the aircraft while approaching the Muritala Mohammed Airport runway for take-off. A report by NewsDirect showed that the plane had been cleared for take-off and was taxing towards the runway for take-off when a strange sound and alarm sounded. The passengers raised…

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FCCPC Probes Air Fares Hike by Arik, Dana, Azman, Ibom Air, Others

Dawood Rabiu

The Federal Competition and Consumer Protection Commission (FCCPC) has said the Commission has commenced an investigation to unravel the circumstances surrounding the “coordinated” hike in air fares by some domestic airline operators in the country. Many Nigerians, who decried the hike in the air fares, had called for the intervention of the FCCPC to reduce the sudden hike by domestic carriers in the country. However, the Executive Vice Chairman/Chief Executive of the FCCPC, Babatunde Irukera, has said that the Commission with the collaboration of the Nigerian Civil Aviation Authority (NCAA)…

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‘How Fidelity Bank Officials Stole Customers’ N874m In 72 Hours’

Gbenga Adeoti

The Economic and Financial Crimes Commission (EFCC) on Wednesday, presented its second prosecution witness, PW2, Peter Ige, an Information System Auditor with Fidelity Bank. Platforms Africa reports that the witness revealed how four officials of Fidelity Bank defrauded the bank and its customers of N874 million within three days. The quartet in the ongoing trial are Olusegun Babasola, Abisola Ahmed, Uchechukwu Uma, and Jude Aphaeus, who are staff of the bank. They are being prosecuted for an alleged N874 million fraud before Justice Oluwatoyin Taiwo of the Special Offences Court…

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JUST IN: Evacuation of 5000 Nigerians From Ukraine to Gulp $8.5m

Aliyu Aliyu

Buhari approves money for immediate airlifting of stranded citizens as death toll rises in Ukraine   President Muhammadu Buhari has approved $8.5 million for immediate evacuation of about 5,000 Nigerians caught in Russia, Ukraine war. The Minister of State for Foreign Affairs of Nigeria, Zubairu Dada, alongside the Humanitarian Minister, Hajiya Sadiya Umar Farouk, made this known to State House correspondents at the end of the virtual meeting of the Federal Executive Council (FEC). READ ALSO: Some Nigerians Trapped In Ukraine Refusing to Come Home – Minister UK, U.S., 25…

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BREAKING: NNPC JV, Dangote Ink Multi-million Dollars Gas Supply Deals

ADEOLA YUSUF

The deals involving the JV of NNPC, Shell, ENI, and Total will deliver 70million scuf of gas daily to Dangote Fertiliser The Joint Venture (JV) consisting of the Nigerian National Petroleum Company (NNPC) Limited, Shell, Total and ENI, has signed a multi-million dollars deal to supply 70 million standard cubic feet (scuf) of gas to Dangote Fertiliser Company. The signing which took place at the on-going Nigeria International Energy Summit (NIES) was attended by President of Dangote Group, Alhaji Aliko Dangote; Group Managing Director of NNPC, Mallam Mele Kyari; Country…

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BREAKING! Court Stops Lekoil Cayman, Savannah Energy Restructuring Deals

ADESUPO OSOSANYA

Lekoil Cayman Limited has been stopped from proceeding on the convertible facility agreement (option agreement and the tripartite) with Savannah Energy Investments Limited, a wholly owned subsidiary of Savannah PLC after it was announced February 28, 2022. Lekoil Nigeria, a statement sent to Platforms Africa read, has challenged the takeover move in a suit filed against the London-listed oil firm, Lekoil (Cayman) Limited in a Cayman Islands court. The statement added that an injuction has been given against the restructuring deals. READ ALSO:Lekoil Limited Gets Savannah Investment’s GBP.9m Loan At…

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Nigeria’s Domestic Gas Demand, Requirement Hit 4.482bn scuf daily – NMDPRA

ADEOLA YUSUF

2.324bn scuf/day for power, 1.125 bn scuf/day for gas-based industries; 1.034 bn scuf/daily for commercial sector, Nigerian Midstream and Downstream Petroleum Regulatory Authority releases annual domestic gas demand requirement   The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has released new Domestic Gas Demand Requirement (DGDR) putting the total demand requirement at 4.482 billion standard cubic feet daily. Platforms Africa reports that a statement by the Authority Chief Executive (ACE) in Abuja yesterday, explained that the requirements were jointly determined by all the relevant stakeholders. According to the requirement,…

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