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APPLY: NERC announces vacancy for over 50 positions

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The Nigerian Electricity Regulatory Commission (NERC) says it is looking to recruit qualified persons for over 50 roles in the commission.

The commission announced the recruitment on Monday in a statement signed by its management.

Some of the roles to be filled include senior manager, compliance; deputy general manager, legal; principal manager, tariff and rates; assistant manager; customer complaints and manager, market analysis, and competition.

NERC said selected candidates will be employed into various departments including market and competition analysis, utility rate setting, electrical engineering, consumer protection, finance and accounting, data acquisition and analytics, among others.

Applicants are required to submit only one application and multiple applications would result in a disqualification of the applicant.

NERC also said only shortlisted candidates would be contacted for the next process of the recruitment exercise.

“Applicants should please note that this is a completely online application process, and no paper application and CVs should be sent to the commission,” the statement reads.

The closing date for the online application is July 15, 2022.

The commission advised interested applicants to log on to careers.nerc.gov.ng and follow the instructions for the application.

“The detailed list of vacancies is available on the application portal,” it said.

NERC is an independent regulatory institution created under the provisions of the Electric Power Sector Reform Act.

Its head office is in Abuja but the commission has office presence in many states of the country.

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Naira depreciates to N1,770/$ in parallel market

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The Naira yesterday depreciated to N1,770 per dollar in the parallel market from N1,750 per dollar last weekend.

Similarly, the Naira depreciated to N1,675.62 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.

Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,675.62 per dollar from N1,652.62 per dollar last weekend, indicating N23 depreciation for the naira.

The volume of dollars traded (turnover) fell by 55.2 percent to $108.79 million from $243.05 million traded last week Friday.

Consequently, the margin between the parallel market and NAFEM rate widened to N117.38 per dollar from N97.38 per dollar last weekend.

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Port Harcourt Refinery begins crude oil processing

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The Nigeria National Petroleum Company Limited (NNPCL) has confirmed that the Port Harcourt Refinery in Rivers State has commenced crude oil processing.

The Chief Corporate Communications Officer of the compaanyy, Femi Soneye, broke the news on Tuesday.

Soneye revealed that the refinery will operate at 60 percent capacity and process 60,000bpd.

https://twitter.com/FM_Soneye/status/1861330633831620917?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1861330633831620917%7Ctwgr%5E776845f88f6fa6dd3c70082f4da1ee2632656999%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.vanguardngr.com%2F2024%2F11%2Fbreaking-port-harcourt-refinery-begins-crude-oil-processing%2F

“Today marks a monumental achievement for Nigeria as the Port Harcourt Refinery officially commences crude oil processing. This groundbreaking milestone signifies a new era of energy independence and economic growth for our nation,” Soneye said on Tuesday.

“Hearty congratulations to President Bola Ahmed Tinubu, the NNPC Board, and the exceptional leadership of GCEO Mele Kyari for their unwavering commitment to this transformative project. Together, we are reshaping Nigeria’s energy future!”

Soneye added that truck loading will commence on Tuesday (today), adding that the NNPCL is also “working tirelessly to bring the Warri Refinery back online soon”.

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Nigeria’s GDP rate grew by 3.46% in Q3 2024, says NBS

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The National Bureau of Statistics (NBS) says Nigeria’s annual gross domestic product (GDP) grew by 3.46 percent in the third quarter (Q3) of 2024.

The NBS, in its GDP report published on Monday, said the growth rate is higher than the 3.19 percent recorded in Q2 2024.

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