Day: May 30, 2023

Petrol Hits N350 Per Litre As Queues Resurface

Efe Wellington

Unfair to Nigerians, the best to happen to country, reactions greet Tinubu’s removal of subsidy   The prices of premium motor spirit popularity known as petrol hit N350 per litre in Lagos and Abuja as queues resurfaced in filling stations on Monday. Platforms Africa reports that these were buoyed by operators’ response to the immediate removal of subsidy on petrol by new president of the Africa’s biggest exporter of crude oil. On his inaugural speech yesterday, the new president, Bola Tinubu, had stated that “petroleum subsidy is gone”. READ ALSO:…

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200% Profit Growth: 11Plc And Its Shareholders’ Side of Story

Efe Wellington

The surge of profit after tax to N18 billion in 2022 as against N6.08 billion in 2021 headlined the 45th AGM of 11Plc. Platforms Africa sought and brought shareholders’ side of the story.   11 PLC had its 45th Annual General Meeting, where the company announced 200 per cent growth in profit after tax to N18 billion in 2022 as against N6.08 billion in 2021. The results posted by the foremost Nigeria downstream company showed that it has been growing in leaps and bounds over the years. The event offers…

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US To Support Tinubu On Nigeria’s Economic Growth, Security, Says Biden

Abibat Babalola

President Joe Biden of the United States, has pledged to support President Bola Tinubu on economic growth and advanced security, among other critical aspects of his government. Biden made the declaration in a statement, while felicitating with Tinubu on Monday. He reiterated his administration’s readiness to work with Tinubu “to strengthen ties between the United States and Nigeria.” READ ALSO: Osimhen Celebrates MFR Award, 100th Napoli Appearance BREAKING: AIT Founder Raymond Dokpesi is Dead It’s payback Time For Me To Be Senate President – Izunaso Biden said, “On behalf of…

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