Category: Business

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 

ADEOLA YUSUF

‘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

ADEOLA YUSUF

    “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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How Amosun Frustrated Itori Cement Plant Project – Dangote

ADEOLA YUSUF

  “He demolished the plant, twice”   Africa’s richest man, Aliko Dangote, has revealed how the former Ogun State Governor, Ibikunle Amosun, frustrated works at the Itori Cement plant project. Dangote, during a revisit to the project site, said Amosun demolished the plant, twice, hence the company abandoned the project. He reaffirmed his commitment to reviving the Dangote Cement Plant in Itori, Ogun State, citing Governor Dapo Abiodun’s intervention as the key reason for the project’s resumption. My Mother Carried Me For Three And A Half Years; My Birth Was…

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SPDC Renamed After 46 Years As Renaissance Seals $2.4Bn Acquisition

ADEOLA YUSUF

Historic: Everything Tony Okonedo said about the deal that led to the re-christening of SPDC, the pioneer of petroleum industry in Nigeria + NEW NAME   Shell Petroleum Development Company of Nigeria (SPDC) has been renamed Renaissance Africa Energy Company Limited after 46 years of operation in Nigeria. Platforms Africa reports that this was sequel to the acquisition of the company’s entire stake by Renaissance Africa Energy Holdings today, Thursday, March 13, 2025. Renaissance announced that it had successfully completed the landmark transaction between itself and Shell for the acquisition…

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FACT CHECK: Did NNPC Suspend Naira-For-Crude Sale With Local Refiners?

ADEOLA YUSUF

      Words like suspension and termination have been used by a section of the media to describe a six-month contract billed to expire at the end of March 2025     A section of the Nigerian media was on Monday awashed with a report that the Nigerian National Petroleum Company Limited (NNPC Ltd) has suspended the naira-for-crude contracts with local refineries. The report published by BusinessDay and a few online newspapers claimed that the said decision affected refiners, “including Dangote Refinery and other private operators.” The decision, which…

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Bickering Over Ascon Oil Worsens, Enenmoh’s Family Warns Public To Stay Off Assets

ADEOLA YUSUF

The family of the late founder and owner of Ascon Oil Company Limited, Engineer George Ikemefuna Enenmoh, has alerted Nigerians and the business community, particularly the oil and gas sector of the economy, that they remain the “absolute owner” of the company until the shares sales purchase agreement it entered with Quest Oil and Engineering Services Limited in 2019 is fully paid. This was contained in a press statement issued by the matriarch of the family, and former Group Managing Director of the Ascon Oil Company Limited, Barrister Grace Enenmoh-Olowofoyeku.…

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‘Significant’ Oil Volume Discovered in Nigeria’s Songhai Field

ADEOLA YUSUF

‘How, when we hit the Jackpot from eight reservoirs, logging over 1,000 feet on OML 85,’ NNPC Limited and FIRST E&P JV gives details The Nigerian National Petroleum Company Limited (NNPC Limited) and FIRST Exploration & Petroleum Development Company Limited (FIRST E&P) Joint Venture (JV) have confirmed a significant hydrocarbon discovery in the Songhai Field, located in OML 85. Platforms Africa reports that the well was spudded on November 18, 2024, as part of efforts to increase and sustain the JV’s oil production over the next five years. It was…

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‘Fix Pipelines,’ Why NMDPRA’s 60k-Litre Tanker Ban Won’t Stop Explosion – Adeola Yusuf

ADEOLA YUSUF

  Team Lead, Platforms Africa, calls for pipeline repairs, use of trains as alternative for fuel transport amid NMDPRA’s March 1 deadline     As Nigeria moves to implement a ban on 60,000-litre fuel tankers, Team Lead of Platforms Africa, Adeola Yusuf, has expressed concerns over the effectiveness of the measure in addressing tanker accidents. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has earlier announced a ban on 60,000-litre fuel tankers from operating on Nigerian roads. Speaking to journalists on Wednesday, February 19, in Abuja, Ogbugo Ukoha, NMDPRA’s…

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‘Meter Tampering, By-Pass,’ NERC Slams New Fines’ Thresholds On DisCos, Customers In Amended Order

ADEOLA YUSUF

    ‘11 For 11,’ Platforms Africa presents Eleven Things To Know About New Order and Implications On 11 DisCos, and millions of their customers      The Nigerian Electricity Regulatory Commission (NERC) has issued an amended Order detailing new threshold of penalties for customers and Distribution Companies (DIsCos) on “Unauthorised Access, Meter Tampering, and By-Pass.” Platforms Africa reports that the Amended Order, which replaces Order No: NERC/REG/41/2017, has taken effect from 22 January 2025. This amendment, NERC said in the Order notice sent to Platforms Africa, “aligns with the…

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