Category: Business

Retreat In Rwanda, Flip-Flop On Refinery; A Look At Ojulari’s 100 Days As NNPC GCEO

Abibat Babalola

NNPCL’s Group CEO, Bayo Ojulari, has completed his first 100 days in office, sparking both praise and criticism. Here’s a breakdown of the upside and downside of a 100-day term that is making tongues wagging     President Bola Tinubu, on April 2, 2024, appointed Mr. Bayo Ojulari to the position of Group Chief Executive Officer after retiring Malam Mele Kyari who had served as GCEO from 2019. In appointing Ojulari to the position, the President mandated him to enhance operational efficiency, restoring investor confidence, boost local content, drive economic…

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‘Bursted,’ Hard Drugs Uncovered Inside MoiMoi Packs

Abibat Babalola

. NDLEA gives details of shocking fresh smuggling gimmick   NDLEA Drug Bust exposes massive smuggling: 80-year-old woman, Chinese man arrested. Drugs hidden in moimoi sachets and canned food in nationwide crackdown NDLEA Drug Bust operations have unveiled a deeply concerning drug smuggling network, with arrests spanning multiple states and exposing audacious concealment tactics. In a powerful sweep, operatives of the National Drug Law Enforcement Agency arrested a Chinese businessman, Liang Tak You, and 80-year-old Grace Ekpeme. Tak You, a Malaysian-based national, was nabbed at Murtala Muhammed International Airport with…

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‘Clear Line Drawn,’ Nigeria Hints At Mass Revocation Of Idle Oil Blocks

ADEOLA YUSUF

  “The mandate from His Excellency, President Bola Ahmed Tinubu, to the new NNPC Ltd Board to review all existing operatorship arrangements is not just an administrative exercise it is a clear signal,” everything oil minister said at NOG Energy Week 2025   The Nigerian government on Tuesday hinted at possible mass revocation of unproductive oil blocks, declaring to oil companies to either step up or step aside. Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri Ph.D., who declared this at the NOG Energy Week 2025, maintained that…

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Company Registered Days Before Bidding Can Be Awarded Oil blocks – Komolafe 

ADEOLA YUSUF

    NUPRC Boss Speaks On Report 40 Oil Block Licences Expired, Guidelines Violated   The technical and financial capacity of a bidder is assessed not merely by the date of incorporation of the bidding entity, but by the pedigree and proven track record of its promoters, affiliated companies or parent organisations, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has declared. Platforms Africa reports that Komolafe was reacting to a report that a particular company registered days before the commencement of bidding was improperly awarded…

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Team Lead Platforms Africa, Adeola Yusuf, Bags PhD

ADEOLA YUSUF

‘Press Coverage of Oil And Gas Issues In Nigeria (2015 – 2021),’ details of the thesis that earned the multiple award-winning journalist/Journalism researcher the highest degree in Communication Studies at the prestigious Lagos State University   The Team Lead of Platforms Africa, Adeola Yusuf, has bagged the Doctor of Philosophy (Ph.D.) degree in communication studies. A panel of assessors chaired by renowned professor of communication and Deputy Vice-Chancellor of Ajayi Crowther University, Oyo, Prof. Muyiwa Popoola, pronounced Adeola Yusuf, a doctor of Philosophy after the researcher successfully defended his thesis…

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‘Six Months After $1.5bn Rehabilitation,’ NNPCL Shuts Down Port Harcourt Refinery

ADEOLA YUSUF

    ‘November 26 To May 24,’ details of ‘scheduled maintenance and sustainability assessment’ that will take the 60,000 barrels daily capacity refinery off circulation     The Nigerian National Petroleum Company Limited (NNPC Ltd) on Saturday announced a scheduled maintenance shutdown of the Port Harcourt Refining Company (PHRC), beginning on May 24, 2025. Platforms Africa reports that the refinery began truck loading of petroleum products on Tuesday 26 November after a rehabilitation that gulped $1.5 billion. Chief Corporate Communications Officer, Femi Soneye, who confirmed the shutdown in a statement…

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

ADEOLA YUSUF

‘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

ADEOLA YUSUF

“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

ADEOLA YUSUF

  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

ADEOLA YUSUF

“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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