Category: Business

11PLC Heads to S’Court As Bickering On Continental Hotel Sale Degenerates

ADEOLA YUSUF

Oil firm files  stay of execution  of Appeal Court’s judgment    The Asset Management Corporation of Nigeria (AMCON), Polaris Bank Limited and 11PLC have approached the Supreme Court seeking to quash the recent judgement of the Appeal  Court nullifying the sale of Lagos Contintental Hotel to 11PLC. In a statement issued yesterday, 11PLC stated that the parties appealed to the Supreme Court vide its Notice of Appeal dated December 5, 2022. The statement  signed by Samuel Ozeh, Asst. Company Secretary/Legal Adviser further disclosed that the parties have also filed a motion…

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Projects Hope Fetes Community With Food Items

ADEOLA YUSUF

Projects of Hope, a group of Nigerian Medical doctors and nurses based in the United States in partnership with Hope Ambassadors and Child Care Organisation has fetes people in Monkey Village, a community in Lagos, Nigeria, with food items. The group which includes the President, Projects Hope, Dr. Olukemi Kuku; Mrs Adebisi Makinde-Odusola; Mrs Adenike Adeleke; Mrs Oluwakemi Subair; Dr.Olawunmi Ogunsemore; Ms Folashade Olasimbo; Mrs. Toyin Kuyoro and Mrs. Folake Anifowoshe. The group whose vision is to support, empower and improve the lives of vulnerable and underprivileged indigenes of southwest…

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Prepare, Insecurity’ll Worsen As Yuletide Approaches, Expert To Nigerians

ADEOLA YUSUF

Late night crawling, unnecessary showoff on social meedia, things to avoid and 12 tips on how you can celebrate Christmas and New Year devoid of theft, armed robbery, ritual killings, and kidnappings, given by security and background check expert, Kola Olugbodi, during Platforms Africa e-Discourse   LIVING IN UNDER-POLICED AFRICA AT A TIME LIKE THIS: TIPS FOR PERSONAL SECURITY DURING YULETIDE AND BEYOND Mr Olugbodi, Last year on e-Discourse, you predicted rightly that, crime will increase as we approached the Yuletide, why did you get it right? Once again, thank…

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BREAKING: DSS Gives NNPC, Oil Marketers 48 Hrs to Clear Fuel Queues

ADEOLA YUSUF

DSS spokesman, Peter Afunanya, reads riot act to NNPC and Oil Marketers,says the two have just two days to resolve the fuel crisis before it begins a manhunt against officials involved The Department of State Services (DSS) has given a 48-hour ultimatum to the Nigerian National Petroleum Corporation Limited, the Independent Petroleum Marketers Association of Nigeria (IPMAN) and other stakeholders in the oil sector to resolve the ongoing fuel crisis. The secret police threatened that it would launch manhunt for any destructive tendencies if after 48 hours there is still…

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BREAKING: Nigeria’s Oil Production Hits 1.59m Barrels Daily

ADEOLA YUSUF

. How country left 30 Year-Low Output Region with 653,000 bopd production surge – Bala Wunti   Nigeria’s oil production on Tuesday hit 1.59 million barrels per day, from 937, 000 barrels per day it was as at September. Chief Upstream Investment Officer (CUIO), NNPC Upstream Investment Management Services (NUIMS), Bala Wunti, who declared this at the 11th Practical Nigerian Content (PNC) forum in Uyo, Akwa-Ibom state, maintained that the output increase was a result of the government’s rectangular approach to the fight against crude oil theft. Fielding a question…

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BREAKING: NCDMB Surpasses 42% minimum NC target for 2022

ADEOLA YUSUF

Here is how we did it, roles due sanctions, collaborations played – Wabote , Declares NCDMB not afraid of Any individual irrespective of how highly placed in local content implementations OPENING KEYNOTE ADDRESS DELIVERED BY THE EXECUTIVE SECRETARY, NIGERIAN CONTENT DEVELOPMENT AND MONITORING BOARD (NCDMB) AT THE 11TH EDITION OF THE PRACTICAL NIGERIAN CONTENT (PNC) FORUM Theme: Deepening Nigerian Content Opportunities in the Decade of Gas. Date: 6th November 2022 ES Keynote Address at the 11th Edition of the Practical Nigerian Content Forum Tuesday 6th December 2022 Uyo, Akwa Ibom…

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Nigeria Won’t Meet 1.8m bpd OPEC Quota In 2022 – Oil Minister

ADEOLA YUSUF

Why, How OPEC Quota Might Be Met By May 2023, End of Buhari’s regime – Sylva . Says Nigeria’s petrol importation might end before the third quarter of next year, when Mr. Buhari must have left   Nigeria will not meet its 1.8 million barrels of crude oil production quota given to it by the Organisation of Petroleum Exporting Countries (OPEC) crude oil production (OPEC) this year. Minister of State, Petroleum Resources, Timipre Sylva, who made this declaration, maintained the quota of 1.8 million bpd might be met by the…

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United Nations Institute Names Adeola Yusuf Panelist For African IDEP Event

ADEOLA YUSUF

Team Lead, Platforms Africa headlines webinar titled; ‘Experience sharing by experts in the natural resource sector,’ a part of an ongoing intervention by IDEP to help African journalists better report the extractive sector   Team Lead Platforms Africa, Adeola Yusuf, has shared Investigative Journalism Experience with journalists across Africa at the United Nations African Institute for Economic Development and Planning (IDEP) Event. Yusuf, a multiple award-winning journalist, spoke as a panelist at a webinar titled; ‘Experience sharing by experts in the natural resource sector,’ a part of an ongoing intervention…

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BREAKING: Buhari Unveils New N200, N500, N1000 Notes

ADEOLA YUSUF

Here are the see-it-for-yourself pictures of the new notes and what to know about their purchasing power   President Muhammadu Buhari has unveiled the re-designed N200, N500 and N1000 notes at the commencement of the weekly meeting of Federal Executive Council. According to a tweet by the president’s assistant on social media, Bashir Ahmad, Buhari unveiled the redesigned N200, N500, N1000 notes today. Platforms Africa reports that Buhari was flanked by cabinet officials, including the CBN Governor, Godwin Emefiele, while unveiling the redesigned N1,000, N500 and N200. The new Naira…

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Nigeria Sinks To Number 4, Dethroned by Angola, Algeria, Libya As Africa’s Top Oil Producer

ADEOLA YUSUF

  . Platforms Africa Forum Reviews Legislation Threat To FID, Ease of Doing Business   Nigeria has lost the top spot as Africa’s number one oil producer. Team Lead of Platforms Africa, Adeola Yusuf, who said this on the sideline of the Continental Forum In Lagos, added that the country has, through production statistics for the month of October, sank from number one to number four biggest producer after Angola, Algeria and Libya. “While in October, Algeria produced 1.060 million barrels per day, Angola produced 1.051 million bpd, Libya’s output…

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