Category: Oil & Gas

Trouble as Marketers Embargo Cooking gas Imports, Worsen Price Nightmare

Precious Ibekwe

Importers of Liquefied Petroleum Gas, popularly called cooking gas, have stopped importing the commodity into Nigeria, a decision that is worsening the price surge nightmare for Nigerians. About 65 per cent of LPG is imported into Nigeria, while domestic production accounts for 35 per cent, hence the halt in imports could further shoot up cooking gas price if the situation is not addressed. Executive Secretary, Nigerian Association of Liquefied Petroleum Gas Marketers, Bassey Essien, said on Monday that the reintroduction of customs duty and Value Added Tax on imported LPG…

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Chevron Appoints Victor Anyaegbudike Communications Manager

ADEOLA YUSUF

How the University of Nigeria Nsukka (UNN) first class graduate of Mass communication replaced Sola Adebawo   United States oil super major, Chevron, has appointed Victor Anyaegbudike as Manager of Communications for its Nigeria Mid-Africa Business operations. Platforms Africa, which got this information on Anyaegbudike’s LinkedIn Page, gathered exclusively that the promotion took effect from October, 2021. Anyaegbudike, a University of Nigeria first class graduate of Mass communication replaced Sola Adebawo who retired after a meritorious service to the company. READ ALSO: Oil Minister confirms Platforms Africa Exclusive News on…

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NNPC: Road construction Caused Lagos Gas Leakage, Pipeline Isolated

ADEOLA YUSUF

The NNPC limited has declared that the Massive Gas leakage that rocked Lagos was caused by road construction and rehabilitation activities. The company said this in a statement sent to Platforms Africa by its Group General Manager, Group Public Affairs Division, Garba Deen Muhammad. “The NNPC Ltd hereby informs the general public, especially those living within the Anifowoshe area of Ikeja in Lagos State, that a gas pipeline that was reported leaking in the early hours of Wednesday has been isolated and the general area cordoned off,” the statement read.…

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BREAKING: How, Why Massive Gas Leakage, Panic Rocked Lagos

Gbenga Adeoti

Preliminary details have emerged on the massive gas leakages that rocked Ikeja area of Lagos State, Nigeria’s commercial capital, on Wednesday, setting jitters down the spines of residents. Platforms Africa reports that the leakages came from burst gas pipelines at the site of an ongoing construction in Ikeja. The affected areas are: Computer Village, Ikeja Under Bridge, Awolowo Way, Oba Akran axis and Anifowose area. READ ALSO: JUST IN: Nigerians Angry As Lagos suffers Fresh 3-Storey Building Collapse A Sad Day For Us, UNIABUJA Declares As Bandits Attack, Kidnap Profs,…

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Lagos Building Control Agency Boss Removed As Death Toll Hits 14

Tade Salako

The Lagos State Government has removed the General Manager of the state Building Control Agency (LASBCA), Mr Gbolahan Oki, for an independent panel to probe allegation of corruption against his agency, which was allegedly blamed for the collapse of the 21-storey building in the state. The building collapsed on Gerrard Road, Ikoyi. occurred on Monday, 1 November, 2021. Platforms Africa reports that the removal of Mr. Oki was effected through a suspension, which the government described as “immediate and indefinite.” A statement by the state Commissioner for Information and Strategy,…

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Banks’ Apathy for Nigeria’s Oil Projects Funding Degenerates

ADEOLA YUSUF

NNPC Chief, Mele Kyari, acknowledges Lenders’ apathy for Fossil fuel investment at NAEC confab, highlights plans B for Nigeria’s energy transition journey   The banks and other lenders’ funding apathy for oil and other fossil fuel projects in Nigeria has degenerated. Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, who declared this at the Annual Conference of the Association of Energy Correspondent of Nigeria (NAEC) held in Lagos, Nigeria’s commercial capital, maintained that President Muhammadu Buhari has requested for energy justice and other plan…

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Trading Suspension: Stakeholders Warn Lekoil Cayman of Imminent Delisting

Efe Wellington

A group of Lekoil shareholders operating under the name Concerned Shareholders, has written to the company’s board of directors requesting to know what is being done to ensure that the suspension of trading in the company’s shares is lifted and avoid its imminent delisting. Platforns Africa reports that Lekoil Cayman Limited was suspended from trading the company’s Ordinary Shares on the Alternative Investment Market (AIM) under Rule 19 and 40 with effect from October 1, 2021, pending the publication of its Accounts. READ ALSO: I insist, No COVID-19 in Kogi,…

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OML 40: Seplat Announces Sibiri Well Drilling, Raises 2021 CapEx to $167m

ADEOLA YUSUF

Seplat Energy Plc has announced prospect drilling on its Sibiri oil well located at the Oil Mining Lease (OML) 40. Platforms Africa reports that the Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, which announced this at the weekend, added that it had raised the 2021 Capital Expenditure to $167 million. The company, according to a statement, also reported a nine month (Q3) 2021 revenue of N182.7bn, representing a rise of 18.7 per cent year-on-year. In its unaudited results for the nine…

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NNPC to Spend N621.2bn on 21 Nigerian Roads’ Reconstruction

Aliyu Aliyu

Here is the full list of roads already taken over by the NNPC for reconstruction with full approval of the Federal Executive Council (FEC)   The reconstruction of 21 Nigerian roads taken over by the Nigerian National Petroleum Corporation (NNPC) is to gulp a whooping N621.2 billion, Platforms Africa reports. The Federal Executive Council (FEC) has already approved the takeover of the 21 federal roads by the Nigerian National Petroleum Corporation (NNPC) for reconstruction. Platforms Africa reports that the approval was given at the council meeting presided over by Vice…

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Nigeria Marks ex-Oil Minister Diezani’s 30 Bras, Braziers, Others For Sale

Efe Wellington

The Diezani world’s most expensive bras valued at the $12.5-million (£8.5-million) include Heavenly Star Bra, by sapphires, which has at its centerpiece a 90-carat emerald cut diamond that was worth $10.6 million (£7.28 million) alone at the time.   The Nigerian Government has begun the process for the valuation and sale of property belonging to the country’s former Minister of Petroleum Resources, Diezani Alison-Madueke. Platforms Africa reports that the property includes Bras, Brazier, Jewellery, wristbands and gold wristwatches earlier forfeited to the government. Asides these, “Diezani property located in the…

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