NCDMB Earmarks N15bn, Ups Single Obligor Limit For Contractors Financing Scheme To N100m

ADEOLA YUSUF

“26% in 2016 to 56% by 2024,” Felix Omatsola Ogbe lists achievements, admonishes increase for ‘spirit of collaboration and resilience that has brought us this far.’   The Nigerian Content Development and Monitoring Board (NCDMB) has earmarked N15 billion funding for Community Contractors Financing Scheme as it scaled up single obligor limit for the initiative from N20 million to N100 million. Platforms Africa reports that the initiative addresses a critical challenge faced by local contractors’ limited access to funding for contracts awarded by oil and gas companies. Executive Secretary of…

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$5bn Africa Energy Bank Secures 50% Initial Investment, Gets March 2025 Kick-Off Date

ADEOLA YUSUF

The African Energy Bank has raised 50 per cent of the total investment to kick off its operations. Executive Secretary of the African Petroleum Producers’ Organisation (APPO), promoter of the bank, Dr. Omar Farouk Ibrahim, who declared this in a remark at the Practical Nigerian Content (PNC) forum in Yenagoa, Bayelsa State on Tuesday, expressed optimism that the bank would begin operations before the end of the first quarter in 2025. Platforms Africa reports that the bank has an investment potfolio of $5 billion. Speaking on the challenges that led…

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‘Working, Producing,’ Senior Oil Workers Confirm Port Harcourt Refinery Is Operational

ADEOLA YUSUF

“Plant is functional and producing various petroleum products, including Naphtha, AGO, DPK, and PMS for the use of Nigerians,” details of what PENGASSAN President said on Arise TV   The umbrella body for the senior oil workers in Nigeria, Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has confirmed that the Port Harcourt Refinery is operational, contrary to claims by critics. Platforms Africa reports that the National President of the group, Festus Osifo, who stated this on Arise TV interview, maintained that the refinery’s Crude Distillation Unit (CDU)…

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How Customs Officer, Wife, Four Children Died In Tragic Inferno

ADEOLA YUSUF

It was a sad day for the family, friends and the entire Nigeria Customs Service (NCS) as a tragic fire incident claimed the lives of Superintendent of Customs (SC) Kabiru Tijani, his beloved wife, and their four children. The sad incident occurred in the early hours of Monday, 2nd December 2024, at approximately 3:00 am when a fire engulfed their residence in Ede, Osun State. One child survived the incident. The Customs Area Controller, Dr Ben Oramalugo, described Tijani, who served as the officer in Charge of Operations at the…

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’11 Years After Privatisation,’ 50% of DisCos Customers Still On Estimated Billing

ADEOLA YUSUF

. ‘With CAPMI, NMMP, MAP’ 6.15 metered, 6.13 million still receive estimated bills monthly   Fifty (50) per cent of electricity consumers in Nigeria are still on the estimated billing system 11 years after power privatisation. Platforms Africa reports that the electricity industry was privatised with the sales of the assets in the generation and the distribution strata of the industry on Friday, November 1, 2013. Between November 2013 and November 2024, about 3.03 million prepaid electricity meters were installed across Nigeria as part of various initiatives, raising the total…

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Tax Reform Bill, Product Of 14-Month Work, Presidency Replies Critics

ADEOLA YUSUF

The Presidency has dispelled concerns about the speed of coming up with the Tax Reform Bills, emphasising the extensive efforts that have gone into the process. Senior Special Assistant to the President on Media and Publicity, Temitope Ajayi, highlighted on Monday via X that the reforms are the result of contributions from over 80 professionals over a 14-month period, warning that any delay in their passage could mirror the protracted 20-year legislative journey of the Petroleum Industry Bill. According to Ajayi, postponing the tax reforms would be a costly mistake…

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Top Govt Official Forfeits 753 Duplexes, Apartment In Nigeria’s Biggest Fraud Penalty

ADEOLA YUSUF

A former top brass of the Federal Government caught in the web of corruption has lost 753 units of duplexes and other apartments to the government. The anti-graft agency has not revealed the identity of the top government official whom has been sacked. Justice Jude Onwuegbuzie, on Monday, December 2, 2024 gave a ruling on a final forfeiture of an estate in Abuja measuring 150,500 square metres and containing 753 Units of duplexes and other apartments. The government official which fraudulently built the estate is being investigated by the Economic…

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Nigeria Signs MOU With France To Boost Mining Sector

ADEOLA YUSUF

In a bid to galvanize the mining sector, Nigeria and France, weekend, signed a Memorandum of Understanding, MoU, to address numerous challenges including remediation of over 2,000 abandoned mining pits across the country. Both countries also agreed to develop joint projects to promote and diversify the critical minerals value chain in the solid minerals sector of both countries. According a statement signed by the Special Assistant on Media, Segun to the Minister of Solid Minerals Development, Segun Tomori, the MoU signed by both countries on the sidelines of the official…

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Pasuma and Osupa Don’t Senior Me in Music – Malaika

ADEOLA YUSUF

  In what fuji enthusiasts described as fresh contriversy, Lagos Island-based fuji musician Alhaji Sulaimon Alao Adekunle, better known as Malaika, has declared that fellow Fuji stars, Pasuma and Saheed Osupa, are not his senior in the industry. Clarifying his stance on the hierarchy within the Fuji music industry in a recent statement, Malaika asserted that while Pasuma and Saheed Osupa may be older than him in age, they do not surpass him in musical experience or achievements. FIRE-FOR-FIRE: K1 De Ultimate, King Saheed Osupa Exchange Banters In Fresh Fuji…

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Married Nigerian Content Creator, Egungun, In Alleged S3x Scandal + PHOTOS

ADEOLA YUSUF

Wife speaks as video of hubby flashing manhood to woman goes viral ‘The stuff is not even massive,’ reactions as video sets social media on fire     A video of popular Nigeria-born content creator, Kuye Adegoke, known as Egungun of Lagos, allegedly showing his manhood to a girl on a video call has gone viral. Platforms Africa reports that the video, in which the girl shouted it’s not massive, has instantly been greeted by reactions across the social media networks. Reuben Abati And Davido As ‘cockroaches’, By Festus Adedayo…

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