Category: Business

NCDMB To Drive Industrialization Through NOGOF 2023

ADEOLA YUSUF

The Nigerian Content Development and Monitoring Board, NCDMB, has announced plans to use the fourth edition of the Nigerian Oil and Gas Opportunity Fair, NOGOF 2023, as catalyst for industrializing Nigeria. Simbi Wabote, Executive Secretary of the board disclosed this at the NOGOF 2023 pre-event press briefing in Abuja on Wednesday, April 19, 2023. The event is scheduled to hold on the 18th and 19th of May 2023 in Bayelsa State with the theme; “The Oil and Gas Industry – Catalyst and Fuel for the Industrialization of Nigeria.” And will also…

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43% Completed, Nigeria Gives Update On $2.8bn AKK Gas Pipeline

ADEOLA YUSUF

    Vice President Insists AKK Project Is To Power 3,600MW Plants      The $2.8bn Ajaokuta-Kaduna-Kano natural gas pipeline project being constructed by the Nigerian Government through the Nigerian National Petroleum Company Limited and its partners, is now 43 per cent completed, the Vice President, Prof. Yemi Osinbajo, announced on Monday. He also revealed that the project would help in generating 3.6 gigawatts (3,600 megawatts) of electricity, adding that the AKK pipeline was a major project of the regime of the President Muhammadu Buhari (retd.). READ ALSO: Nigeria Grants…

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Workers Ground ExxonMobil’s Nigeria Operations, Firm Declares Force Majeure

ADEOLA YUSUF

ExxonMobil has declared force majeure on oil lifting from several ports in Nigeria further weakening the country’s declining export potential. This follows industrial action by the company’s in-house workers Union, the company said in a statement on Monday. Platforms Africa reports that this will lead to another set back to the country which is a member of the Organisation of Petroleum Exporting Countries (OPEC), and had lost its status as Africa’s top oil producer last year when businesses such as Shell Plc and TotalEnergies began to reduce their investment due…

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OPL 310: Lekoil Secures Court Injunction Against Optimum Petroleum

ADEOLA YUSUF

Details of the bickering and its link to the US$250 million investments in Ogo discovery offshore Lagos   Lekoil Nigeria Limited, the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces that it has been granted an injunction by a Federal High Court in Lagos against its partner in the Oil Prospecting Lease, OPL 310 asset, Optimum Petroleum Development Limited. Optimum has 60 percent interest while Lekoil’s affiliates collectively own 40 percent participating interest in OPL 310 for which Lekoil has invested over…

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Twitter Introduces 10K Character Long Tweets Amid Fight With Substack

ADEOLA YUSUF

Twitter now supports tweets up to 10,000 characters in length, “with bold and italic text formatting”       Before deleting all legacy Blue tick marks on April 20, Twitter on Friday introduced a feature that allows posts with 10,000 characters for paid Blue subscribers. Twitter now supports tweets up to 10,000 characters in length, “with bold and italic text formatting,” the company informed. READ ALSO: Tinubu makes TIME magazine’s 2023 ‘100 most influential people’ CBN To Mop Up Dormant Account Balances, Unclaimed Funds Real Estate Expert, Adenike Adewunmi-Adebisi, Dies…

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It’s 7 Floor-Structure, LASEMA Contradicts NEMA on Lagos Building Collapse

ADEOLA YUSUF

. Gives Casually Figure, other updates on Ill-Fated Banana Island Mansion   The Lagos State Emergency Management Agency (LASEMA) has contradicted the National Emergency Management Agency (NEMA) on the number of floors in the building that collapsed in Lagos on Wednesday evening. While NEMA said the structure wax a three storey, LASEMA, in a statement to Platforms Africa, declared that it was a seven floor building. Here below is the statement LASG INVESTIGATING COLLAPSED BUILDING IN BANANA ISLAND An unapproved 7-floor building under construction has collapsed in Banana Island, Lagos…

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Elon Musk Announces Final Date For Removal Of Free Twitter Verification

ADEOLA YUSUF

Twitter CEO, Elon Musk, has set the final date to remove free verified Twitter accounts for April 20, 2023. Musk stated this via his Twitter account, @Elonmusk, on Tuesday. He tweeted: “Final date for removing legacy Blue checks is 4/20.” READ ALSO: BREAKING: Three Storey Building Collapses In Lagos BREAKING: Three Storey Building Collapses In Lagos Cristiano Ronaldo’s Al-Nassr Manager Rudi Garcia Sacked Because Of ‘Bad Relationship’ Super Falcons Defeat New Zealand 3-0 In Friendly Brain Drain: UK Places Nigeria On Red List For Health Workers’ Recruitment Before Musk acquired…

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WhatsApp Rolls Out Payment Features, Gets Central Bank’s Nod

ADEOLA YUSUF

Meta has started rolling out its payments tool to small and medium-sized firms through its WhatsApp messaging platform following the approval of the Central Bank. The Central Bank of Brazil authorized the launch of the WhatsApp payment feature weeks ago. READ ALSO: Super Falcons Defeat New Zealand 3-0 In Friendly “Jurist Per Excellence,” KolaDaisi Varsity VC Pays Tributes To Bola Ajibola KolaDaisi University Secures Accreditation For Five Courses Dalai Lama Apologises After Video Asking Boy To ‘Suck My Tongue’ On Tuesday, Meta CEO, Mark Zuckerberg announced the development saying; “Whatsapp payments are…

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Easter: The Can Milk Advert That Turned CAN Against Peak Milk

ADEOLA YUSUF

Retract advert, Apologise to Christians or face legal action and product boycott – CAN tells FrieslandCampina WAMCO Nigeria PLC . Accept our apologies and pledge to avoid a recurrence in the future – FrieslandCampina WAMCO Nigeria PLC   Peak Milk manufacturer, FrieslandCampina WAMCO Nigeria Plc, has apologised to the Christian Association of Nigeria (CAN) for using the crucifixion of Jesus Christ as a metaphor to promote their product on Good Friday, stating that the social media advertisement has been removed. The CAN has condemned FrieslandCampina WAMCO Nigeria PLC, makers of…

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N20bn Payment to Ghost Consultants’ Allegation Rocks NNPC

ADEOLA YUSUF

. We Welcome House of Representatives Investigation, NNPC says in Statement to Platforms Africa   The Nigerian National Petroleum Company Limited (NNPC) has said that it was aware of the planned probe by the Parliament of allegation it paid N20 billion dollars payment to ghost consultants. The NNPC Ltd, which said this in a statement to Platforms Africa, maintained that it “received with great relief, the resolution of the House of Representatives to investigate allegation of the payment of a huge sum of twenty billion naira to so-called “ghost consultants.”…

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