October 21, 2024 – Platformsafrica

I’ve A Very Clear Vision Of Where Africa Should Be— Elumelu

October 21, 2024 Abibat Babalola

…urges international oil companies to partner with indigenous firms Chairman, Heirs Holdings Group and the United Bank for Africa (UBA), Tony Elumelu says he has a clear vision for Africa, hence his advocacy for Africapitalism. Elumelu explained that Africapitalism ensures shared prosperity, environmental sustainability and community development to enable the younger generation reap great wealth. Speaking during the 3rd anniversary of Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Monday in Abuja, the Nigerian investor called on international oil companies to increase collaborations with indigenous firms. READ ALSO:…

Document Shows Dangote Refinery Recorded 748m Litres Fuel Supply Shortfall To NNPCL in 2 Months

October 21, 2024 Gbenga Adeoti

. Highlights the supply shortfall as impediment to PIA Sections 317(8) and (9) execution The fuel loading schedule by Dangote Refinery has revealed that the facility recorded 748million litres supply shortfall in in its obligation to the Nigerian National Petroleum Company Limited (NNPCL) in the month of September and October, 2024. Though the document sighted by this newspaper did not reveal the reason for the output dip, it showed that Dangote refinery recorded this shortfall, being 30 per cent average for the two months. Recall that the Dangote Refinery…

Nigeria Rejects Shell’s $2.4Bn Onshore Asset Sale To Renaissance

October 21, 2024 ADEOLA YUSUF

. Two years after, NUPRC approves ExxonMobil/Seplat $1.28 billion deals The Nigerian Government has declined approval for the Renaissance Africa Energy’s acquisition of Shell’s onshore assets in the country. Recall that Renaissance has earlier in mid-January 2024 announced the acquisition of the entire shareholding in The Shell Petroleum Development Company of Nigeria Limited (SPDC). After Platforms Africa’s Report Buhari Sets up 14 Man Committee on Fuel Crisis ‘Revoke NNPC Fuel Import License,’ Dangote Slams N100bn Case On NMDPRA I’ve Very Clear Vision of Where Africa Should Be—…

I’ve Very Clear Vision of Where Africa Should Be— Elumelu

October 21, 2024 Aliyu Aliyu

…urges international oil companies to partner with indigenous firms Chairman, Heirs Holdings Group and the United Bank for Africa (UBA), Tony Elumelu says he has a clear vision for Africa, hence his advocacy for Africapitalism. Platforms Africa reports that Elumelu explained that Africapitalism ensures shared prosperity, environmental sustainability and community development to enable the younger generation reap great wealth. Speaking during the 3rd anniversary of Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Monday in Abuja, the Nigerian investor called on international oil companies to increase collaborations with indigenous firms.…

‘Revoke NNPC Fuel Import License,’ Dangote Slams N100bn Case On NMDPRA

October 21, 2024October 21, 2024 Aliyu Aliyu

Joined as defendants in the case by Dangote Refinery are NMDPRA, NNPCL, Aym Shafa Limited, A. A. Rano Limited, T. Time Petroleum Limited, 2015 Petroleum Limited, and Matrix Petroleum Services Limited (1st to 7th defendants). Dangote Petroleum Refinery and Petrochemicals FZE has asked the Federal High Court in Abuja to void import licenses issued to the Nigeria National Petroleum Corporation Limited (NNPC), Matrix Petroleum Services Limited, A. A. Rano Limited, and four other companies for the purpose of importing refined petroleum products that are already being produced by Dangote without…

The Waist Beads Of Olajumoke, By Lasisi Olagunju

October 21, 2024October 21, 2024 ADEOLA YUSUF

All music comes from Africa,” African pop singer, Angélique Kidjo, told an interviewer in 2023. Kidjo’s dad is Fon; her mum is Yoruba. In locating Africa as the source of all music, she was saying that in our music and in our songs are all things that interest, excite or worry humanity. In that same interview, Kidjo waxed lyrical. She said she came from a culture “where you spend 10 minutes saying good morning, how is your father? How is your grandmother?” In every story, every conversation, there is at…

‘No Evidence,’ Govt Panel Clears Bobrisky Of Prison Scandal

October 21, 2024October 21, 2024 ADEOLA YUSUF

An investigative panel set up by the federal government has said there was no evidence that Idris Okuneye, a controversial crossdresser better known as Bobrisky, slept outside prison walls after she was sentenced. Olubunmi Tunji-Ojo, minister of interior, had set up the panel after VeryDarkMan, an activist, shared a audio in which Bobrisky purportedly claimed that he bribed some Economic and Financial Crimes Commission (EFCC) officials to drop the money laundering charge against him. In the footage, a voice allegedly belonging to Bobrisky also claimed that a “godfather”, alongside Haliru…

Nigeria Mulls 5% Tax On Telcom, Betting Services

October 21, 2024 Abibat Babalola

Despite a previous exemption of the telecom sector from the 5 per cent excise duty approved by former President Muhammadu Buhari, National Assembly has revived the push for its implementation. The National Assembly has proposed a 5 per cent excise duty on telecommunications services, gaming, betting and lottery activities in the country. On July 6, 2023, President Bola Tinubu signed four executive orders, one of which suspended the 5 per cent excise tax on telecommunication services to mitigate the adverse effects of tax increases on businesses and households. However, an…

Why National Grid Suffers Frequent Collapses – TCN

October 21, 2024 Abibat Babalola

“What aged infrastructure as old as 50 years got to do with this,” Sule Abdulaziz speaks on measures to avert incessant transmission system failure The Transmission Company of Nigeria (TCN) has promised a backup or buffer system to ensure that Nigerians won’t be thrown into blackout whenever the national grid collapses. TCN Managing Director, Sule Abdulaziz, stated this Channels Television’s Sunday Politics programme. He blamed aged infrastructure as old as 50 years for the frequent grid collapses in the country. Abdulaziz said, “Presently, we are doing the scatter system for…

EFCC Has No Power Of Arrest, Detention – Fredrick Awkadigwe

October 21, 2024 Abibat Babalola

Federal and states legislatures make ordinary laws establishing government authorities, and conferring on them with the power to arrest and/or detain civilians, even in periods during which there is not in force a Proclamation of a state of emergency declared by the President of Nigeria. The objective of this work is to ascertain whether the federal legislatures have the constitutional legislative powers and matters, to establish and confer on the Nigerian Economic and Financial Crimes Commission (EFCC), the statutory power of arrest and detention of civilians in periods of no…