All posts tagged "featured"

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  NNPC reopens Warri refinery after power outage

  The 125,000 barrels per day (bpd) Warri refinery has resumed production of petrol, diesel and kerosene following the repair of an electric fault at the plant. The Nigeria National Petroleum Corporation (NNPC) had in February shut the...

  • Posted April 7, 2017
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  33 electricity turbines shut, grid loses 2,591mw over gas

  The national electricity grid lost 2,591 megawatts (mw) on Wednesday due to gas shortage, line constraint and low water level across 12 Generation Companies (GenCos), Daily Trust reports. Daily power generation statistics obtained by our reporter yesterday...

  • Posted April 7, 2017
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  Buhari launches economic recovery plan

  President Muhammadu Buhari Wednesday morning launched the Nigeria Economic Recovery and Growth Plan. The brief ceremony, held inside the Council Chambers of the Presidential Villa, was attended by the national chairman of the All Progressives Congress John...

  • Posted April 6, 2017
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  CBN to inject another $10,000 to BDCs

  The Central Bank of Nigeria (CBN) will inject additional 10,000 dollars proceeds of International Money Transfer Services Operators (IMTSO) to 3135 Bureau De Change Operators nationwide, Alhaji Aminu Gwadabe says. Gwadabe, the President, Association of Bureau De...

  • Posted April 6, 2017
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  2016: DangoteCem defies recession, records 25.1% growth

  In spite of the economic recession that hit Nigeria in 2016, especially the production industry due to the sharp crash in the value of the naira and difficult access to the dollar, the Dangote Cement PLC (DANGCEM-NL)...

  • Posted April 5, 2017
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  Customs set to license inland bonded vehicle terminals – Official

  The Nigeria Customs Service (NCS) says it is set to issue licences for inland bonded vehicle terminals in the country. Mr Joseph Attah, the Public Relations Officer of the service, disclosed this in an interview with the...

  • Posted April 5, 2017
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  Expert predicts naira appreciation as BDCs receive more Diaspora remittances

  Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON) has said that the naira will soon bounce to glory as BDCs are set to receive more Diaspora remittances. Gwadabe told the News Agency...

  • Posted April 5, 2017
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  Electricity supply drops to 3,800MW

  After what seems like an improvement in power generation in recent weeks, supply dropped to an average of 3,800 megawatts yesterday, THISDAY’s investigation has revealed. Before yesterday’s drop, average daily supply had exceeded 4,000 megawatts, with daily...

  • Posted April 4, 2017
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  NNPC: Nigeria drops to seventh highest gas flaring country

  Nigeria has in the last 10 years dropped from being the second highest gas flaring nation in the world to now occupy the seventh position, the Nigerian National Petroleum Corporation (NNPC) disclosed yesterday. According to the NNPC...

  • Posted April 4, 2017
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  External reserves down by $67m as CBN settles matured obligations

  Nigeria’s external reserves dropped to $30.298 billion as at March 30, 2017 following settlement of matured obligations, mainly foreign exchange (FX) forwards, by the Central Bank of Nigeria (CBN). The latest external reserves position showed it fell...

  • Posted April 4, 2017
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