Shell $2.3bn Assets’ Sale in Nigeria suffers Setback

No likelihood of any client raising the estimated $2.3 billion needed to purchase the Shell assets, says GTBank   The inability of Nigerian lenders to raised enough dollars for intending buyers of oil assets planned to be put on offer by Shell has stalled the exrcise. Royal Dutch Shell is planning to sell off its onshore and shallow water assets, being managed by its Nigerian unit, the Shell Petroleum Development Company (SPDC). Platforms Africa reports that Dollar Scarcity has worsened buyers’ apathy for the sale of the assets. READ ALSO:…

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Arise Walk Convener Highlights Physical Fitness Relevance to Healthy Living

Arise Women Convener, Dr Siju Iluyomade rallies leaders, celebrities for 2021 Arise Walk   Convener, Arise Women, Dr Siju Iluyomade, has underscored importance of healthy living through regular exercise and right diet. Iluyomade, according to a statement sent to Platforms Africa, said this as she prepared to lead prominent leaders, celebrities and other in road walk. “We came up with Arise Walk, a global initiative specially dedicated for everyone, not only Nigerians, but everyone across the globe to keep up with our health in general,” she was quoted to have…

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JUST IN: How Spirit Of God Led Me to Join APC, Dump PDP – Fani-Kayode

Nigerian Politician and ex-Minister of Aviation during the President Olusegun Obasanjo government, Mr. Femi Fani-Kayode, has formally joined the ruling All Progressives Congress, APC. Platforms Africa reports that Mr. Fani-Kayodee was presented to President Muhammadu Buhari by the Chairman, Caretaker Committee of the APC, and governor of Yobe State, Mai Mala Buni on Thursday at the Presidential Villa, Abuja. Mr. Fani Kayode said that he was led by the Spirit of God in his decision and that he joined the APC to help for the unity of the country, adding…

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Meet Ibiyemi Olatunji-Bello, LASU New VC, First Professor of Physiology

  Ibiyemi Olatunji-Bello is the wife of the Lagos State Commissioner for Environment and Water Resources, Mr. Tunji Bello.   Lagos State Governor Mr. Babajide Olusola-Sanwo-Olu has approved the appointment of Professor. Ibiyemi Olatunji-Bello as the 9th substantive Vice-Chancellor of the Lagos State University (LASU). Platforms Africa reports that Prof. Ibiyemi Olatunji-Bello is the wife of the Lagos State Commissioner for Environment and Water Resources, Mr. Tunji Bello. READ ALSO: Meet Abigail Ogwezzy-Ndisika, UNILAG first female Professor of Mass Comm UI, LASU, Covenant retain Nigeria’s best Federal, State, Private Varsities’…

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BREAKING: EFCC Chairman, AbdulRasheed Bawa, slumps

Here is EFCC’s official account of how it all happened The Chairman of Nigeria’s anti-graft agency, Abdulrasheed Bawa, has reportedly slumped. Platforms Africa gathered that the youngest Chairman in the History of EFCC slumped at the Presidential Villa in Abuja, Nigeria’s administrative capital. READ ALSO: Why EFCC Is Yet To Arrest Tinubu — Bawa Opens Up on Trial of Top Politician Missing N603m: Assistant Director Commits Suicide After EFCC Summon BREAKING: EFCC boss, AbdulRasheed Bawa, slumps Bawa was, on Thursday, said to be speaking to dignitaries at the Banquet Hall…

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Dangote Hunts for more Loans, Talks with Oil Traders to Borrow for Refinery

An option of raising another $500 million from a trade house or consortium was also being actively explored.   Africa’s richest man Aliko Dangote is reportedly in talks with some of the world’s biggest oil traders to help finance his mega refinery project in Lagos, Nigeria’s commercial capital. Platforms Africa reports this, adding that option of raising another $500 million from a trade house or consortium was also being actively explored. READ ALSO: EXCLUSIVE: Major Shake up rocks DPR, 6 Deputy Directors Removed + FULL LIST DPR confirms Platforms Africa…

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How Caleb Varsity Student, John Olajide, “disappeared” from School – Mgt

The management of Caleb University has offered an explanation on what it called the disappearance of one of its students, Mr John Oluwanifemi Olajide, and issue bothering on cultism. The School’s Deputy Director, Public Relations and Marketing. Elvis Otobo, PhD, who made the clarifications to Platforms Africa, through a press release, noted that the University has reported the matter on 21st August, to the Imota Divisional Police Station. READ ALSO: The Fall And Fall of Naira: Nigeria’s Exchange Unit Crumbles to 48-Year Low Caleb Varsity appoints Mayokun Olumeru Registrar as…

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Crude oil price surpasses $75 mark, ups Naira marginal gains against Dollar

The prices of crude oil, Nigeria’s biggest revenue earner, have surged above $75 mark, reports Platforms Africa. Beyond this, the exchange rate between the naira and the US dollar closed at N412.06/$1, at the official Investors and Exporters window. Naira recorded a marginal gain against the US dollar on Wednesday, to close at N412.06/$1, compared to N412.08/$1 recorded on Tuesday, 14th September 2021. READ ALSO: The Fall And Fall of Naira: Nigeria’s Exchange Unit Crumbles to 48-Year Low Nigerian Banks borrow N15.95bn from CBN in one Month + FULL LIST…

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Lekoil boardroom crisis worsens, slips into legal fireworks

Oil firm keeps mum on Buyers of Metallon’s Shares, weeks after sale   The last may not have been heard of the boardroom bickering rocking the London-listed oil firm, Lekoil (Cayman) Limited. Platforms Africa reports that Lekoil Nigeria has begun legal address of concerns on various degrees of alleged breach of processes by Lekoil Cayman. READ ALSO: Investors jittery as Lekoil Ltd Shares crumble by 41% over Metallon pullout Beneficial Ownership: 2-Yr Jail terms for erring Contractors, Businessmen – CAC 5 Lies In circulation About The Nigeria’s Petroleum Industry Act,…

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Beneficial Ownership: 2-Yr Jail terms for erring Contractors, Businessmen – CAC

Head of CISLAC and Transparency International in Nigeria, Auwal Ibrahim Musa, has charged Nigerian Government to blacklist erring contractors, businessmen for beneficial ownership    Contractors and business owners in Nigeria who are found guilty of misinformation or false disclosure of beneficial ownership will be jailed for two years. Registrar-General, Corporate Affairs Commission (CAC), Garba Abubakar, told Platforms Africa on the sideline of a two-day event organised by Civil Society Legislative Advocacy Centre (CISLAC) in Lagos, that misinformation or false disclosure of beneficial ownership has now been criminalised. READ ALSO: EFCC…

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