Tag: Production
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Toyota suspends production in Japan
Carmaker Toyota on Tuesday said it has partially suspended production in Japan because of an explosion at a supplier’s plant. Toyota said that 10 production lines at six factories were halted after an explosion
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I started self-producing when I couldn’t explain my music choices- Olamide
YBNL Boss and rapper, Olamide has opened up on why he started self-producing when he couldn’t explain his music preferences to his team. The entertainer spoke with the Grammy on the extent to which he partakes in the production of his records. “‘UY Scuti‘ album was my major [foray] into Logic. I started production because…
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Nigeria Immigration gives update on passport production
The Comptroller-General, Nigeria Immigration Service (NIS), Mr Muhammad Babandede, says the service has increased its production capacity to beat the May 31 deadline set to clear backlog of passport applications. Babandede announced this while briefing newsmen on the NIS passport reforms and recruitment exercise on Thursday in Abuja. He said that the passport production centres…
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OPEC, non-OPEC countries to increase production by 0.5mb/d in January
The Organisation of Petroleum Exporting Countries (OPEC) and the non-OPEC countries have agreed to increase crude oil production by 0.5 million barrels per day (mb/d) in January. The group reached the agreement at the 13th OPEC and non-OPEC Ministerial Meeting (ONOMM), held via videoconference, on Tuesday in Vienna. The meeting acknowledged the need to gradually…
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COVID-19: Auto plants resume production in U.S., UK
Some auto plants will resume production this week in the United States and United Kingdom. Mchigan Governor Gretchen Whitmer has said the state’s factories can reopen on Monday (today), removing one of the last major obstacles to North American automakers bringing thousands of laid-off employees back to work amid the coronavirus pandemic. While reopening the…
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Dangote’s Tomato Plant Resumes Production
A tomato-paste factory owned by Africa’s richest man, Aliko Dangote, resumed production in Nigeria’s northern state of Kano after staying idle for more than two years over a supply disruption partly caused by a price dispute with farmers. The factory, with a capacity for 1,200 metric tons of tomato paste daily and targeted at meeting…
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LAUTECH Food Scientist Explores Ways to Boost Local Production of Cereal
Nigeria Spends N1tr On Wheat Import Yearly. Here’s How This LAUTECH Researcher Is Changing That By Okike Samuel For centuries, all over the world, man has come to depend greatly on Cereals as a reliable and healthy source of food. Not only do they have a myriad industrial applications in brewing, baking, textile, and so…
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Oil rise as production cuts tighten market
Oil prices rose on Tuesday on the back of an outlook for healthy demand amid ongoing production cuts led by OPEC and Russia. U.S. West Texas Intermediate (WTI) crude futures were at 58.50 dollars a barrel. The Organisation of Petroleum Exporting Countries (OPEC), the Middle East-dominated producer club, and Russia, the world’s single biggest oil…
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We lost over 70% production capacity to vandalism in 2016 – NNPC
The Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) has said that the shortfall in gas supply for power generation is caused by militancy activities in the Niger Delta. The NNPC, in a statement in Abuja on Sunday by Mr Ndu Ughamadu, Group General Manager, Group Public Affairs…
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OPEC excludes Nigeria from production cut as oil prices set to appreciate
Following its 171st meeting held at Organization of the Petroleum Exporting Countries (OPEC) headquarters in Vienna on Wednesday 30th November, 2016, OPEC, has reached a landmark deal that will effectively cut production by about 1.2 million barrels per day, or about 4.5 percent of current production, to 32.5 million barrels per day. A statement issued…