All posts tagged "featured"

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  Nigeria nominates former NNPC boss, Barkindo as next OPEC Secretary

  Nigeria has nominated Mohammed Barkindo, a former head of Nigerian National Petroleum Corporation (NNPC), as the next secretary general of producer group OPEC, a government official said on Thursday. The Organisation of the Petroleum Exporting Countries (OPEC),...

  • Posted April 2, 2016
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  Fuel scarcity, low investment lead to decline in labour productivity in Q4 – NBS

  Reflecting the economic downturn, labour productivity in the country declined to N706.95 per hour/annum in the fourth quarter of last year from N768.42 in the previous quarter, the National Bureau of Statistics (NBS) stated on Thursday. Labour...

  • Posted April 2, 2016
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  NNPC targets 650,000bpd refining capacity, opens bids for co-location of plants

  In its bid to reduce fuel importation in the foreseeable future, the Nigerian National Petroleum Corporation (NNPC) has said that nine companies have submitted bids for the co-location of new refineries within the complexes of its three...

  • Posted April 2, 2016
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  Why FG should privatise 22 airports – Ex-FAAN MD

  The former Managing Director of the Federal Airport Authority of Nigeria (FAAN), Mr. Richard Aisuebeogun, has urged the federal government to privatise the 22 federal airports under the management of the agency (FAAN). According to Aisuebeogun, aside...

  • Posted April 2, 2016
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  GTBank targets N125bn profit in 2016

  Despite the challenging economic environment, Guaranty Trust Bank Plc says its plan is to make N125bn in the 2016 financial year. The lender reported N120.7bn and N116.4bn profit before tax in the 2015 and 2014 financial year,...

  • Posted April 2, 2016
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  Fashola resolves Geometric Power, Enugu Disco’s dispute

  The Minister of Power, Works and Housing, Babatunde Fashola, has resolved the lingering dispute between Geometric Power and Enugu Electricity Distribution Company that has hampered the delivery of electricity in the Aba and Araria axis of Abia...

  • Posted April 2, 2016
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  Eight power plants shut, zero generation recorded for hours

  Eight of the nation’s power generating plants were completely idle on Thursday, with significant reduction in output from others, including Egbin, which is located in Lagos. The plants, which did not generate any megawatts of electricity, included...

  • Posted April 2, 2016
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  China reduces import of Nigerian crude oil

  Nigeria saw its share of China’s crude oil imports shrink by 7.5 per cent last year as the world’s largest energy consumer reduced its import of Nigerian crude to 10.56 million barrels. China’s crude import from Nigeria...

  • Posted April 1, 2016
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  FAAN seeks investors to develop airport facilities

  To improve efficiency and render better services to the flying public, the Federal Airports Authority of Nigeria has said that it is seeking private investors for the development of infrastructure across the nation’s airports. The Managing Director,...

  • Posted April 1, 2016
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  Power generation falls to 2,030MW

  The total generated electricity on Wednesday fell to 2,030.5 megawatts from the over 5,000MW peak recorded earlier this year. Data obtained from the power System Operator in Abuja on Wednesday showed that as of 8.37am, electricity generation...

  • Posted April 1, 2016
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