Month: May 2024

Seven Die, 15 Injured In Oyo Road Crash

ADEOLA YUSUF

Seven persons have lost their lives while 15 others sustained injuries in a road accident at Ijaye on Ibadan/Iseyin. The Deputy Corps Commander, Federal Road Safety Corps, Oyo State Sector Command, Tunde Adewale, disclosed this at the state Sector Command office, Eleyele, Ibadan on Friday. Adewale said the incident occurred shortly after Ijaye town in the Akinyele Local Government Area of the state on Thursday. He explained that the accident involved two commercial vehicles with the number plates SEY 254 XY Nissan white coloured bus and LGB 343 XA Mazda…

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NNPCL Reacts As Fire Guts Petrol Depot In Lagos

ADEOLA YUSUF

+ Full statement Olufemi Soneye, Chief Corporate Communications Officer NNPC Ltd, sent to Platforms Africa on the incident   The Nigerian National Petroleum Corporation Limited (NNPCL) on Friday stated that the depot gutted by fire in Lagos belonged to Honeywell and not its subsidiary. Platforms Africa reports that many news outlets have earlier claimed that the facility located at Kayode Street, Marine Beach, Apapa area of the state belonged to the NNPCL. READ ALSO: ‘Operations Not Impacted,’ NLNG Confirms Gbarain Ubie Gas Plant’s Explosion Student Loan Application Portal Opens May…

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Ekpo Heightens Hunt For Cutting-Edge Gas Facilities’ Investment

ADEOLA YUSUF

. Tasks MDGIF members on inclusivity, collaboration   Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo has urged Midstream and Downstream Gas Infrastructure Fund (MDGIF) Council member to make inclusivity and collaboration top priorities in decision-making. This is as he has called for greater investments in cutting-edge gas processing facilities in the country. The Minister stated this today at the ongoing retreat and governing council meeting for the MDGIF held at the Four Points by Sheraton Hotel, Ikot Ekpene, Akwa Ibom State. He said investments in infrastructure projects…

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Ronaldo Tops Forbes’ List of World’s Highest Paid Athletes

ADEOLA YUSUF

Cristiano Ronaldo may be in the twilight of his career, but the soccer star still tops Forbes’ list of the world’s highest-paid athletes thanks to his huge wages in Saudi Arabia. According to Forbes’ list, which was released on Thursday, Ronaldo earned $260 million over the last 12 months, $200 million from his club contract with Al-Nassr and $60 million in off-field earnings. The 39-year-old headed the rankings for the fourth time ahead of golfer Jon Rahm, who joined the Saudi-backed LIV Golf Tour in a lucrative three-year deal in…

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‘Operations Not Impacted,’ NLNG Confirms Gbarain Ubie Gas Plant’s Explosion

ADEOLA YUSUF

The Nigerian Liquefied Natural Gas (NLNG) Limited has disclosed that the explosion at a gas processing plant in an upstream facility at Gbarain Ubie, Yenagoa Local Government Area of Bayelsa State, does not affect its operations. The General Manager, External Relations and Sustainable Development, NLNG, Andy Odeh, in a statement to Slye News today (Friday) said that the incident “does not impact the gas supply to the NLNG plant or our operations”. It would be recalled that fire erupted after explosions at the gas processing plant run by Shell Petroleum…

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Student Loan Application Portal Opens May 24 – NELFUND

ADEOLA YUSUF

The student loan application portal will open on May 24, 2024, the Nigerian Education Loan Fund (NELFUND) has said. “The management of Nigerian Education Loan Fund (NELFUND) led by its Managing Director, Mr Akintunde Sawyerr on Thursady said they are thrilled to announce the 24th of May, 2024 as the official date for the opening of the portal for student loan applications,” NELFUND spokesman Nasir Ayitogo said. NELFUND said “Through the portal, students can now access loans to pursue their academic aspirations without financial constraints. READ ALSO: EFCC Can Prosecute…

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EFCC Can Prosecute You Over N6bn Mambilla ‘Racket’ – Court To Agunloye

ADEOLA YUSUF

. Ex-Power Minister Heads To Appeal Court       Former Minister of Power and Steel, Dr. Olu Agunloye, has vowed to appeal the ruling of an Abuja High Court sitting in Apo, which dismissed his preliminary objection challenging the powers of the Economic and Financial Crimes Commission, EFCC, to prosecute him. The High Court ruled that the EFCC has the powers to investigate and prosecute the alleged offences. Agunloye said the ruling of the lower court was a total departure from the decision of the Supreme Court in FRN…

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Naira Depreciates To N1,540/$ In Parallel Market

ADEOLA YUSUF

The Naira yesterday depreciated in the parallel market to N1,540 per dollar from N1,530 per dollar on Wednesday. Similarly, the Naira yesterday depreciated to N1,533.99 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. READ ALSO: Crypto Exchanges Begin Delisting Naira From P2P Platforms, Says SEC N615k To N48k: Govt Slashes Mimimum Wage Proposal, NLC, TUC Kick YabaTech Secures N1.5b Grant For Girls’ Education France Deploys Troops, Bans TikTok Over New Caledonia Riots Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,533.99 per dollar…

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Crypto Exchanges Begin Delisting Naira From P2P Platforms, Says SEC

ADEOLA YUSUF

The Securities and Exchange Commission, SEC, yesterday, disclosed that crypto exchanges have commenced delisting of the Naira from Peer-to-Peer (P2P) trading platforms. SEC had, last week in collaboration with the Office of the National Security Adviser (ONSA), directed digital currency operators to delist the Naira from their platforms as part of measures to protect the currency from manipulations. The commission explained that its checks have indicated that the Naira has been removed as a fiat currency option for transactions on KuCoin platform and the exchange has already begun the necessary…

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Nigerian Govt Gives Media Houses Single-Digit Loan

ADEOLA YUSUF

President Bola Ahmed Tinubu has directed the Federal Ministry of Industry, Trade and Investment, through the Bank of Industry (BOI), to extend its single-digit interest-rate financing to media organizations in the country. This was disclosed in a statement by Rabiu Ibrahim, the Special Assistant (Media) to the Minister of Information and National Orientation. The Minister of Information and National Orientation, Mohammed Idris stated this in Abuja on Wednesday when he received members of the Independent Broadcasting Association of Nigeria (IBAN) on a courtesy visit to his office. According to him,the…

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