Friday, March 31, 2023

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Nigeria’s Minister of State for Petroleum resigns

Sylva’s resignation comes at a time of political transition in Nigeria, with President Muhammadu Buhari serving his final weeks in office before giving way to President-elect Bola Tinubu on May 29.

FIRST BANK OFFICIAL STATEMENT

Our attention has been drawn to a sponsored sensational report by some online publications on a charge brought against the Bank. 

Egbin Power boosts nation’s supply, restores sixth unit

It said: “We are pleased to announce the successful restoration of ST-6 after extensive repairs, including replacement of HIP & LP steam turbine blades and Generator overhauling, in addition to the in-house inspections for Boiler and Balance of Plant.

Transcorp Plc delivers strong performance as revenue rises by 21%

The conglomerate saw a 7% increase in its Power investments, despite the challenges faced in the year from the issues with gas supply, off the diminished Oil & Gas production in the country in 2022. 

Oando Plc set to become private company

The Company will subsequently be delisted from NGX and JSE and re-registered as a private company.

Nigeria proposes pay rises for workers after fuel subsidy removal

"We have already concluded on the issue of pay rise ... we recommended 5% and 10% pay rise for workers in different categories," Ngige said.