Tag: Executive Director

How Investment Inflow Can Fix Petroleum Supply Chain Inefficiency- NMDPRA

ADEOLA YUSUF

. ‘Lack of efficiency drives Charter costs to $100,000 per day,’ full revelations about products’ supply the Authority’s Executive Director, Distribution, Storage System and Retail Infrastructure, Mr. Ogbugo Ukoha, made at the OTL Africa 2024 The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Executive Director, Distribution, Storage System and Retail Infrastructure, Mr. Ogbugo Ukoha has highlighted significant inefficiencies and cost challenges in Nigeria’s petroleum distribution infrastructure. Platforms Africa reports that Ukoha stated this while speaking the OTL Africa Summit in Lagos, he urged for greater investment in Nigeria’s coastal…

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Sterling Refreshes Romance With The Arts At Ake Festival

Ganiyu Amodu

Sterling Bank Plc, Nigeria’s leading financial institution, has said it is committed to supporting the annual Ake Books and Arts Festival because it sees Nigeria as part of a larger world and believes that Nigeria’s ultimate competitiveness lies in its energy. Executive Director at Sterling, Yemi Odubiyi, who disclosed this over the weekend in a goodwill message at the opening of the 10th edition of the Ake Books and Arts Festival said Nigeria can become a leader in the world and its creative people as part of its competitiveness. READ…

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NMDPRA Unveils Regulations On Petroleum Measurement, Industry Safety

Ganiyu Amodu

The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Wednesday, began stakeholders consultation on draft regulations on the measurement of petroleum products and safety in the industry with a call on stakeholders to make major contributions to the rule. The Petroleum Measurement Regulations seek to regulate and ensure accurate measurement and allocation of petroleum, petroleum liquids, natural gas and their derivates. The regulations will determine the basis for calculating revenue accruing to the government, licenses, contractors and other parties and also provide sanctions and penalties for failure to comply with…

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FSI Holds Financial-Inclusion-for-All Hackathon

Precious Ibekwe

In order to promote and achieve the targets of the National Financial Inclusion Strategy (NFIS), Financial Services Innovators (FSI), said it would hold a Hackathon themed: ‘Financial Inclusion for All.’ Platforns Africa reports that the FSI, which decsribed itself as a non-profit organization committed to enabling start-ups within the technology and financial space, said that it would hold the event in partnership with the Central Bank of Nigeria (CBN), Flourish Ventures, AXA Mansard, and NIBSS during the NACOS annual conference taking place in Abeokuta, Ogun State from August 16-18, 2022.…

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Teams Stemlab, Rocket: Meet FSI/FUTMinna Hackathon Winners

Aliyu Aliyu

Participants were drawn from 21 universities across the country, Executive Director, FSI, Aituaz Kola-Oladejo, says in a statement sent to Platforms Africa    Winners have emerged in the final round of the ‘IncludeMe’ virtual Hackathon competition, the FSI/FUTMinna innovation challenge, which was held on Tuesday, April 12, 2022. Platforms Africa reports that Team Stemlab defeated nine other contestants to emerge victorious, carting home a grand prize of N1.5 million while the 1st runner-up, Team Rocket, went away with a whopping N1 million and Team EarNest came third, earning N750, 000.…

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NDPHC Awards Multi-million Naira Owerri substation Deals to AK-AY Elektrik

Amodu Ganiyu

How we connected Lafia, Nasarawa to the national grid – NDPHC   The Niger Delta Power Holding Company Limited, has completed and energized the Lafia 2X150 MVA, 2X60 /132/33330kV Transmission Substation, thereby connecting Lafia and Nasarawa to national grid. Platforms Africa reports that contract for the multi-billion Naira National Integrated Power Project (NIPP) 330/132/33kV Lafia Transmission Substation was awarded by the Niger Delta Power Holding Company in November 2016 while work commenced at the Akurba site in 2017. NIPP is aimed at strengthening electricity infrastructure and improve supply nationwide. READ…

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Buhari Fires Abuja DisCo Management Over “Incompetence”

ADEOLA YUSUF

The list of affected management team members and the crisis that led to their sack   Nigerian President Muhammadu Buhari has approved the suspension of the management of Abuja Electricity Distribution Company AEDC, and a new interim governing board appointed to oversee the day to day operations of the electricity distribution company, following the recent industrial action embarked on by its staff over non payment of arrears of  pensions, allowances, salaries and promotion. Platforms Africa reports that the sack of the management team conveyed by the presidency to the Federal…

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