Category: Business

Why Nigerians Are Suffering Fresh Fuel Crisis – Major Marketers

ADEOLA YUSUF

The Platforms Africa’s investigative report in which some Nigerians queried alleged conspiracy of silence by the media over the fresh fuel crisis has elicited widespread reactions with some major media now feasting on the story   The Major Oil Marketers Association of Nigeria (MOMAN) on Ftiday evening blamed shortage and high (US Dollar) costs of daughter vessels for ferrying product from mother vessels to depots along the coast for the fresh crisis rocking the Nigeria’s downstream oil sub-sector. Platforms Africa has exclusively reported the fresh crisis on Wednesday, January 18,…

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Petrol Hits N400 Per Litre In Lagos, Nigerians Query ‘Media Silence’

ADEOLA YUSUF

“This conspiracy of silence on fuel scarcity & hike in price is legendary!” Reactions As Marketers, including NNPC stations, hike prices second time in less than 60 days   The prices of premium motor spirit (PMS) popular called petrol on Wednesday ballooned again to as high as N400 per litre In Lagos, Nigeria’s commercial capital, Platforms Africa reports. This came as Nigerians bemoaned what they called “conspiracy of silence” over the hike in petrol price for the second time in less than 60 days. The government is paying over N1…

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DSS Speaks on Report It Invaded CBN, Arrested Emefiele

ADEOLA YUSUF

The Department of State Services (DSS) has denied report making the rounds that its operatives invaded the Centeal Bank of Nigeria today, Monday January 16, 2023, and areested the Governor, Godwin Emefiele. Platforms Africa reports that Peter Afunanya, Public Relations Officer for DSS issued a statement where he declared the reports as fake news. Here is the terse message. NOT INVADED BY DSS The attention of the Department of State Services (DSS) has been drawn to the false news making the round that its operatives invaded the Central Bank of…

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Nigeria Begins Deep Offshore Oil Blocks’ Mini-Bid Round

ADEOLA YUSUF

Here is the list and details of the oil blocks on offer – NUPRC   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of the 2022 deep offshore mini-bid round, promising that the process would be transparent and competitive. The Seven blocks on offer, are Blocks PPL-300-DO, PPL-301-DO and PPL-302-DO are located in the Nigerian Transform Margin area. Blocks PPL-303-DO, PPL-304-DO, PPL-305-DO and PPL-306-DO are within the deepwater Niger Delta Basin. According to a statement issued on Wednesday and signed by the commission’s Chief Executive, Gbenga Komolafe,…

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GTBank Guilty of Money Laundering, UK Slams £10m Fine On Bank

ADEOLA YUSUF

“UK is not Nigeria where they violate rules with impunity. The GTBank is also sanctioned for violating the strict know your customer rule in UK”   GTBank UK Ltd, a subsidiary of GTCO was fined over £10m for not adhering to the very strick know your customer, anti-money laundering rules. Platforms Africa reports that the total fine was £10m but FCA have them a 30% discount if they pay within 30 days. READ ALSO EXCLUSIVE: Customers Kick as GTBank’s Network Glitch Drags into Second Week Shell, AFC, GTBank, 6 Other…

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How Helen Paul Transformed from N9,500 To N400k Salary Earner In 1 Minute

ADEOLA YUSUF

Call it blessing in Disguise and you won’t be wrong. Here, popular Nigerian baby’s voice On Air Personality (OAP), Helen Paul, opens up on how, in one minute, her life transformed from being an ordinary receptionist on N9,500 salary to a N400, 000 per month salary earner + why everyone needs an Engineer Ayo Adeife   Peak Milk wanted an advert to go by 2pm, and they were in the studio looking for a baby’s voice. The baby that was supposed to come was writing exams and someone said, “Helen…

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BREAKING: Buhari Signs N21.83trn 2023 Budget

ADEOLA YUSUF

Ganiyu Amodu President Muhammadu Buhari has signed the N20.83 trillion 2023 Appropriation Bill into law. The President, during a brief signing ceremony inside the Council Chambers of the Presidential Villa, Abuja, had senior government officials present. President Buhari received the Bill, which was passed by both the Senate and House Representative last week, from his Senior Special Assistants on National Assembly Matters, Senator Jide Omoworare (Senate), and Nasiru Ila (House of Representatives). President Buhari said the implementation of the 2023 budget would commence without delay. He charged the National Assembly…

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JUST IN: Buhari Submitted Error-Filled Budget — Lawan

ADEOLA YUSUF

Lawan, who failed in his scheme to succeed Buhari as President,  also lost out on his re-election bid to the Senate under the auspices of the ruling APC   The President of the Senate, Ahmad Lawan, has disclosed that the 2023 Appropriations Bill submitted by the President Muhammadu Buhari to the National Assembly is filled with errors. The President of the Senate made this known on Thursday during plenary before the Senate adjourned. Lawan, who schemed to succeed Buhari, lost out on plan and his re-election bid to the Senate…

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Why Nigeria Embargoed Barite Importation For Oil Firms – Ginah

ADEOLA YUSUF

General Manager, Corporate Communications and Zonal Coordination Nigerian Content Development and Monitoring Board (NCDMB), Dr. Ginah O. Ginah, in this interview, opens up on high deposit of Barite in Nigeria’s middle belt and what the board is doing on IOCs application for importation of same material. Excerpts;   You spoke about LPG, what is the state of Nigeria in terms of its usage? We have issues with LPG usage in Nigeria, the country is far behind other African countries and this is causing a lot of health problems. Far in…

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BREAKING: CBN Bows to Pressure, Ups weekly Cash Withdrawal Limits To N500k

ADEOLA YUSUF

Withdraw above N500k, pay 3% processing fee, apex bank tells Nigerians   The Central Bank of Nigeria (CBN) has revised its cash withdrawal limit policy, stating that individuals and corporate organisations can now withdraw weekly N500,000 and N5 million respectively. Platforms Africa reports that the apex bank announced this in a letter dated December 21 and signed by the CBN Director of Banking Supervision, Haruna Mustafa. The letter, which was made available to PlatformsAfrica, was addressed to all deposit money banks and other financial institutions. “The maximum weekly limit for…

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