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100,000bd Brownfield Refinery Abandons Turkey For Nigeria–NNPC

100,000bd Brownfield Refinery Abandons Turkey For Nigeria–NNPC

🕔07:45, 15.Aug 2018

The Nigerian National Petroleum Corporation (NNPC) has disclosed that Brownfield refinery with a production capacity of 100,000 barrels per day (bd) and formerly owned by BP Plc has reportedly perfected plans to abandon Turkey for Nigeria.

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Another Blackout Threat As Power Drops By 777.9MW

Another Blackout Threat As Power Drops By 777.9MW

🕔10:01, 14.Aug 2018

A major blackout was experienced in some parts of the country, after power generation broke down by 777.9 megawatts on Monday.

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Nigerian Traders Jubilate As FG Launches Trader Moni

Nigerian Traders Jubilate As FG Launches Trader Moni

🕔18:03, 13.Aug 2018

Traders in the country now have reasons to be merry with the latest financial inclusion agenda for all petty traders in the country, regardless of social class, called the Trader Moni.

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Crisis Looms As Banks Face Threat Of Shutdown If Power Companies Fail

Crisis Looms As Banks Face Threat Of Shutdown If Power Companies Fail

🕔08:34, 13.Aug 2018

There are indications that most Nigerian banks will collapse if power generation and distribution companies fail.

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Hope As Unemployed Youths Get LSETF, UNDP Vocational Training

Hope As Unemployed Youths Get LSETF, UNDP Vocational Training

🕔06:21, 9.Aug 2018

Unemployed and underemployed youths in Lagos State are to receive vocational training courtesy of the Lagos State Employment Trust Fund(LSETF) in collaboration with the United Nations Development Programme(UNDP).

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More Hardship Predicted As CBN Plans Increase In Interest Rate

More Hardship Predicted As CBN Plans Increase In Interest Rate

🕔07:21, 8.Aug 2018

The hardship in the country may not be over yet with plans by the Central Bank of Nigeria(CBN)to increase the interest rate revealed. The apex bank plans the move to tighten the monetary policy in response to higher inflation ahead of the general elections in February.

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372,728 Meters To Be Distributed In Abuja And Environs

372,728 Meters To Be Distributed In Abuja And Environs

🕔07:31, 7.Aug 2018

The Abuja Electricity Distribution Company(AEDC) has disclosed that about 372,728 meters have arrived for distribution within the Federal Capital Territory as well as in Kogi, Nasarawa and Niger states.

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Railway Transport To Get 16 Locomotives And 40 Coaches

Railway Transport To Get 16 Locomotives And 40 Coaches

🕔07:08, 6.Aug 2018

Rail transportation in Nigeria is set for a major boost as the Federal Government said about 16 locomotives, 40 coaches and 120 wagons would be procured for the standard gauge Lagos-Ibadan rail line that is currently under construction.

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Pension Scheme Fails To Deliver As Retirees Quit

Pension Scheme Fails To Deliver As Retirees Quit

🕔07:32, 2.Aug 2018

Retirees are reported to be quitting the Contributory Pension Scheme (CPS) and withdrawing the funds in their Retirement Savings Accounts (RSA) due to the failure of the Scheme to meet you with its promise of benefits. Some lament that they

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N3.8tn Lost To Oil Theft–Report

N3.8tn Lost To Oil Theft–Report

🕔07:07, 1.Aug 2018

Emerging reports say about N3.8 tn was lost to oil theft within the last two years. The Nigeria Natural Resource Charter, who disclosed this on Tuesday, said the estimated value of the total losses in the oil sector was higher than the current combined allocations for health and education as captured in the 2018 budget.

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