Category: Business

CAC Issues Six-Week Ultimatum For Registration Of Unregistered Businesses

Abibat Babalola

The Corporate Affairs Commission (CAC) has issued a six-week notice to unregistered businesses to register with the Commission. This was disclosed in a statement issued by the CAC on Tuesday, titled: “PUBLIC NOTICE: CARRYING ON BUSINESS IN NIGERIA UNDER AN UNREGISTERED NAME OR ACRONYM.” In the statement, the CAC said failure to comply with the notice will attract a jail term or prosecution. The commission informed the general public that it is a criminal offence under Section 863 of the Companies and Allied Matters Act, 2020, to carry on business…

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Access Bank Ex-Staff Films Female Colleagues Naked In Office, Sells 400 Videos Online

Abibat Babalola

‘Police have freed him despite uncovering over 400 nude videos on his laptops,’ colleagues give dirty details of the secret operation by the bank’s former quality assurance specialist in female restroom + How Access Bank Is Reacting to Ugly Development   More damning revelations have greeted the release of a former employee of the Access Bank, Stephen Ifeanyichukwu Ejezie, by the Police after being found culpable of a grievous crime. Platforms Africa reports that Ejezie, a quality assurance specialist at the Bank’s contact centre in Oniru, Lagos State, secretly recorded…

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‘Burdened By Band A,’ Aso Rock Opts For Solar With N10bn Budget Allocation

Aliyu Aliyu

“In 2024, tariffs for Band A skyrocketed from N68/kWh to over N209/kWh within months.”   The Nigerian Government has approved a N10bn allocation in the 2025 budget for the installation of a solar mini-grid at the Presidential Villa. Platforms Africa reports that the project, titled “Solarisation of the Villa with Solar Mini Grid,” is intended to reduce the State House’s dependence on the national grid and ease the burden of rising electricity tariffs. ‘It’s 547k, No, It’s 572k;’ Power Minister, NERC Bicker Over 2024 Metering Data ‘Manufacturers, Others Boycott National…

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EcoBank Slams Suit On Otudeko’s Son As 6.3 Billion Shares Showdown Degenerates

Gbenga Adeoti

  EcoBank Plc has asked the Federal High Court in Lagos to temporarily restrain Otudeko Obafemi Adedamola, the son of Oba Otudeko, and others, including the Corporate Affairs Commission (CAC), from selling or transferring 6,314,116,229 Barbican Capital Limited shares in FBN Holdings. This request was made in a motion accompanying the bank’s main suit, both instituted by Kunle Ogunba (SAN) against Otudeko, Barbican Capital Limited, Honeywell Flourmills of Nigeria Plc, Siloam Global Services Limited, Oyeleye Foluke, FBN Holdings Plc, CAC, and the Nigerian Stock Exchange (NGX). The bank’s lawyer alleges…

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Shell, Renaissance Hit With Lawsuit Over $2.4 Bn SPDC License Transfer

Precious Ibekwe

“Other defendants are the AGF; the NNPC Ltd; the NUPRC; and the Ministry of Petroleum Resources.” Details of the unravelling legal fireworks with case number FHC/L/CS/651/2025   A suit seeking to stop Shell Petroleum Development Company Limited’s deal transferring its mining licence worth $2.4 billion to Renaissance African Energy Company Limited has been filed at the Federal High Court in Lagos. The Incorporated Trustees of Human Environmental Development Agenda sued Shell Petroleum Development Company Limited, Renaissance African Energy Company Limited, the Federal Republic of Nigeria, and four others over the…

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‘One Post, 1.7 Million Views,’ Platforms Africa’s Ratings Soar

Damilola Olonade

. ‘You have the most creative content presentation in the industry. Your Integrity, unique journalism style make me re-read stories I have read on other channels,” What Editors, Scholars, Professionals, Others Wrote On strides by the leading media group . ‘Our Readers, Our unique Strength,’ Team Lead Platforms Africa dedicates feats to readers, Speaks on how media group was established at Wits University, South Africa   The ratings of Platforms Africa, leading Africa-focused media group, have soared with a single post hitting a new celling of 1.7 million views. The…

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Mele Kyari Sacked, Ojulari In As Tinubu Stirs Major Shakeup At NNPC

Ganiyu Amodu

  President Bola Tinubu has sacked the board of the Nigerian National Petroleum Company (NNPC) including its Group Chief Executive Officer, Mele Kyari and board chairman Pius Akinyelure. Platforms Africa reports that the sack was announced by presidential spokesperson Bayo Onanuga in an early Wednesday morning statement posted on X. “President Tinubu removed all other board members appointed with Akinyelure and Kyari in November 2023,” Mr Onanuga wrote. Mr Kyari was first appointed NNPC chief by former President Muhammadu Buhari but was reappointed in 2023 by President Tinubu. A Child…

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FULL LIST: 58 Nigerians Who Died With Hidden, Unclaimed Properties In UK

ADEOLA YUSUF

  . ‘One of Them Died As Far Back As 1995,’ UK Govt Begins Search for Relatives, List Estates as “Bona Vacantia,” meaning unclaimed for a certain period and are now the property of the Crown   The UK government has released a list of unclaimed estates belonging to individuals from different countries who died in the UK, including 58 Nigerians. Platforms Africa reports quoting the Gov.uk that these estates have been listed as “Bona Vacantia,” meaning they have been unclaimed for a certain period and are now the property…

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450,000 Barrels Daily TNP Shut As Explosion Rocks Nigeria’s Largest Oil Pipeline 

Efe Wellington

‘Few Days After Takeover,’ details of incident on the 180 kilometers (112 miles) long asset newly bought by Renaissance Africa Energy Company Limited as part of SPDC acquisition    An explosion has struck the Trans-Niger Pipeline, one of Nigeria’s largest oil pipelines, causing significant disruption and raising concerns about environmental damage and economic losses. The incident, which occurred in Rivers State, is the latest in a series of political crises plaguing the country’s oil infrastructure. The explosion, reported late Monday evening sent plumes of thick smoke into the sky, visible…

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‘Show Your Plant’s Building Approval To Public,’ Amosun Fires Back At Dangote

Gbenga Adeoti

    “There could not be two governments in a state, and Dangote, therefore, could not operate above the law or under a different set of laws,” Full statement Ogun State ex-governor sent to Platforms Africa   Former governor of Ogun State, Ibikunle Amosun, has fired back at Business Mogul, Aliko Dangote over his allegation that Amosun demolished his cement plant on Itori Ogun state twice. Amosun in a statement his media aide, Lanre Akinwale, made available to Platforms Africa challenged the billionaire “to avail the public of the requisite…

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