Category: Oil & Gas

Olowola Wins Women’s Role Model in Mining, Geosciences

Efe Wellington

Renowned sustainability and communications entrepreneur, and Chief Executive of CSR-in-Action Group, Bekeme Masade-Olowola, has won the award of ‘Women’s Role Model in Mining and Geosciences’ – a recognition for the most exceptional, inspirational women with significant contributions to the mining and geoscience industry. The group said this in a statement sent to Platforms Africa, adding that Masade-Olowola’s non-profit organisation, CSR-in-Action Advocacy, received the award of the ‘Best Performing NGO in Mining and Geosciences’, which honours any Non-Governmental Organisation (NGO) that has committed its activities to soliciting for, educating, and creating…

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Billionaire, Dahiru Mangal’s 15.83% Interest in Oando Acquired

ADEOLA YUSUF

Oando Plc has officially notified the Nigerian Exchange Ltd. (NGX) of the acquisition of Alhaji Dahiru Mangal’s interest in the company by Leaf Investment & Realtors Ltd. Platforms Africa reports that this was contained in a statement signed by Oando Chief Compliance Officer & Company Secretary, Ayotola Jagun, posted on the NGX on Monday. “In accordance with Rule 17:13 (a) of the Nigerian Exchange Ltd. Issuers’ Rules, we, hereby, announce the acquisition of Alhaji Dahiru Mangal’s interest of 1,968,452,614, shares in Oando PLC by Leaf Investment & Realtors Ltd. READ…

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Stakeholders Offer Success Template For Nigeria’s Fuel Deregulation

Ayobami Adedinni

Team Lead, Platforms Africa, Adeola Yusuf, opens up on real reasons fuel deregulation remains unpopular among Nigerians   Critical stakeholders in the Nigeria’s oil downstream subsector have suggested a template on how Nigeria can achieve full deregulation in the course of the current global energy transition. The stakeholders including the Chief Strategy Officer, Axxela Limited, Olufisayo Duduyemi, and Chief Executive Officer, All On, Dr. Wiebe Boer, spoke alongside Team Lead of Platforms Africa, Adeola Yusuf, and other analysts during a panel session at the 2021 NAEC Strategic International Annual Conference…

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After 15 Days of Continuous Oil Spill, Aiteo Sets to Cap Broken Wellhead

ADESUPO OSOSANYA

The NNPC JV partner assured Minister of State for Petroleum, Timipre Sylva, that the gushing wellhead would be secured within 48 hrs in view of the progress its team of technical experts have made   Aiteo Eastern Exploration and Production Company, AEEPCO, operator of the NNPC / Aìteo Joint Venture on OML 29, has reached an advanced stage to cap the broken wellhead at its Santa Barbara, Southwest field, in Nembe Local Government Area of Bayelsa State. It also on Wednesday assured the Minister of State for Petroleum, Timipre Sylva,…

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It’s A No-No: NLC Rejects Planned Petrol Price Hike, N340 per Litre Target

Aliyu Aliyu

Here is why the labour union labelled Government’s N5,000 Monthly Transport Grant plan for citizens as “Comical”   The Nigeria Labour Congress (NLC) has rejected a planned petroleum price increase. Platforms Africa reports that NLC President, Ayuba Wabba, made the call in a statement he issued to reporters in Abuja, entitled: ”Nigerian workers refused to take the bait’’. According to him, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, announced that petrol could cost as much as N340 from February 2022. Mr Wabba described as “comical“ the…

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Why Black Marketers, Fuel Queues Resurfaced in Abuja – Adeola Yusuf (VIDEO)

Dawood Rabiu

    Team Lead, Platforms Africa, Adeola Yusuf, has called for an end to the reported lingering queues at filling stations in Abuja , Nigeria’s administrative capital, and other parts of the northern Nigeria. He said that the black marketers and fuel queues, which resurfaced in Abuja, may spread to Lagos and other parts of Nigeria if the government, marketers and the labour unions do not, in the next few days, agree on issues bothering the downstream sub-sector. Yusuf, a multiple award-winning journalist and a leading energy policy analyst in…

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Nigeria Mulls N5000 Monthly Transport Grant For Citizens, Sets Eligibility

Dawood Rabiu

Here are the finacial identities and status of those who will be eligible for the N5000 transport grant   Nigerian Minister of Finance, Budget and National Planning, Zainab Ahmed, has said that Nigerians would get N5,000 per month as a transportation grant after the removal of fuel subsidies. According to the Minister, the Government will remove fuel subsidies by 2022 and give only the poorest Nigerians a transportation grant of N5,000. Platforms Africa reports that the government has, through previous social intervention, once described the poor to include those with…

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Cooking Gas hits N10, 200/12.5kg As Minister Says Buhari Has No Control Over Price

Aliyu Aliyu

The Nigerian Minister of State for Petroleum Resources, Timipre Sylva, has said the President Muhammadu Buhari-led Government has no control over the skyrocketing prices of cooking gas, which has reportedly hit N10, 200 per N12.5 kilogram (kg) in some parts of Abuja. Mr. Sylva said this while fielding questions from State House reporters after introducing the CEO, Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Engr. Faruk Ahmed and the CEO, Nigerian Upstream Petroleum Regulatory Commission NUPRC, Engr. Gbenga Komolafe, to the President at the Presidential Villa, Abuja. Executive Secretary…

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Buhari Embargoes Inauguration of NNPC Ltd Board Indefinitely

ADEOLA YUSUF

Why Senator Ifeanyi Ararume-led newly constituted NNPC Limited board will not be inaugurated today, Wednesday, ss earlier scheduled    The Senator Ifeanyi Ararume-led newly constituted NNPC Limited board will not be inaugurated today, Wednesday, 24th of November, 2021. President Muhammadu Buhari has suspended the inauguration of the newly constituted Board indefinitely. Platforms Africa reports that Senator Ifeanyi Ararume was, two months ago, appointed as Chairman of the Board, while Kyari and Umar Ajiya were Chief Executive Officer and Chief Financial Officer respectively. Other members included Dr Tajudeen Umar (North East),…

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Continuous Oil Spillage on Aiteo Facility in Bayelsa Hits Two Weeks -Report

Efe Wellington

Oil has been spilling from a well owned by Nigeria’s Aiteo Eastern E&P and the Nigerian National Petroleum Corporation, NNPC for two weeks in southern Nigeria, Reuters has reported, quoting local residents and politicians, who are now saying it threatened the environment and local economy. Aiteo said on November 9 an “extremely high order” oil spill had started on Nov. 5 and that the pressure on the wellhead meant it was impossible to halt it immediately. It had no immediate comment on Friday but said a new statement was being…

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