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Nairaland / General / NYSC: 72 Births, 20 Marriages Recorded Among Corps Members Passing Out In Oyo by SRS2: 5:49pm On Nov 02, 2017
The 2016 Batch B, National Youth Service Corps, NYSC (Stream One) Corps members passed out on Thursday.


The News Agency of Nigeria, NAN, reports that the passing out corps members who were deployed to Oyo State gave birth to no fewer than 72 children.

The Oyo State NYSC Coordinator, Ifeoma Anidobi, made this known in an interview with NAN in Ibadan.

Ms. Anidobi noted that the state also recorded 20 marriages by the corps members.

She said out of a total of 3,406 corps members passing out in the state, three deaths were recorded.

“The 3,406 ‘corpers’ consist of 1,504 males and 1,902 females, out of which three members received state’s awards, while one received the chairman’s award.

“Again, 38 received commendation letters, while 28 had disciplinary cases.

“Those with disciplinary cases are to undergo extension of service, ranging from two weeks to four months,” Ms. Anidobi said.

The Batch B (Stream One) corps members were in the orientation camp between November 24 and December 14, 2016.


( NAN)


http://www.parrotnigeria.com/2017/11/nysc-72-births-20-marriages-recorded.html?m=1

Jobs/Vacancies / FCMB Rolls Out #flexxtern 2.0 Initiative, Partners Top Organizations To Tackle by SRS2: 5:24pm On Oct 05, 2017
In line with its drive to improve lives of customers and support them in achieving their aspirations, leading finance institution, First City Monument Bank has announced the start of #FCMBFlexxtern 2.0, one of its youth empowerment initiatives.

#FCMBFlexxtern is an initiative targeted at young, smart Nigerians in search of the opportunity to gain first-hand experience in the business world. By participating in the contest, fresh graduates or final year students between the ages of 16-25 years stand a chance to get a 3-month internship with FCMB or one of the organizations partnering with the bank.

To enter the #FCMBFlexxtern contest, interested contestants should simply upload a 45-second video to YouTube explaining why they should be selected as an #FCMBFlexxtern, then go over to the #FCMBFlexxtern Portal (http://on.fcmb.com/Flexxtern2-20) to submit their entries and get their friends to vote for them. The most voted entries will then be independently screened by a panel of judges, after which 20 winners will emerge. Entry submission to the #FCMBFlexxtern closes on Sunday, October 22, 2017.

Last year, the maiden edition of the #FCMBFlexxtern initiative saw 5 Flexxterns emerge, with 3 of them getting retained by their organizations at the end of the 3-month internship. This year, there are 20 #FCMBFlexxtern 3-month internship slots available.

FCMB has partnered organizations in a wide range of sectors for this year’s #Flexxtern initiative including Terragon Group, Vconnect, TISV Digital, IrokoTV, Insight Publicis, House of Tara International, Mai Atafo and DBH Solutions. Others are Cube Soft, Enthyst, SMEFUNDS, RecyclePoints, NetPlusDotCom and People Productivity Solutions.

FCMB’s Flexx proposition is targeted at young people who are actively seeking platforms which allow them to express their uniqueness, while building skills for financial success. A youth-centric banking product, Flexx is designed to meet the overall financial needs of young people within the age range of 18 and 25 years, where and how they want those needs met. This is summarized in the description of Flexx as “An app. A card. An account”, which gives account holders the freedom to bank on the go using the Flexx Mobile App, as well as access relevant lifestyle and skills-building content.

In addition, with their Flexx card, they can conveniently withdraw cash, make payments online and on Point-of-Sale machines and access exclusive discounts and freebies from Flexx partners. This interesting departure from the common market offering gives the account holder full access to “flexx” (a popular expression which means to “show off”) and the opportunity to express a lifestyle that will be the envy of their peers who do not have Flexx accounts.


CC: Lalasticala

Business / FCMB Reiterates Commitment To Tourism, Felicitates With Ijebuland On Ojude Oba F by SRS2: 7:20am On Aug 24, 2017
First City Monument Bank (FCMB) Limited has reiterated its commitment to support activities that promote and add value to Nigeria’s culture and heritage which are also capable of boosting tourism and other non-oil sectors in line with the Federal government’s ongoing drive to diversify the country’s economy.

According to the Bank, this is the rationale behind its decade long support for the annual Ojude Oba Festival, a carnival-like celebration of the traditional, cultural, spiritual, economic and other accomplishments of the people of Ijebuland in Ogun state.

Consequently, FCMB has assured its stakeholders that its participation in this year’s Festival, which holds in Ijebu-Ode on September 3, 2017 will be grand, exciting and rewarding for the thousands of people within and outside the country that would grace the fiesta.

The Group Head, Corporate Affairs of FCMB, Mr. Diran Olojo, gave the assurance at a press conference held on August 22, 2017 at Ijebu Ode, to kick-off activities for the Festival. FCMB has over the years been a major sponsor of the Ojude Oba Festival and has continued to play a significant role in ensuring its success.

The Ojude Oba (which in Ijebu dialect means, the king’s fore-court or frontage) is a major festival in Nigeria that began over 100 years ago. It brings together all sons and daughters of Ijebuland in Nigeria and diaspora. During the Festival, various age groups (popularly known as the Regberegbes), indigenes, their friends and associates from far and near – all in their colourful costumes and riding on horses – throng the palace of the Awujale and Paramount Ruler of Ijebuland to pay homage to him amidst prayers, songs, tributes and other fun-filled activities.

Apart from serving as a distinctive platform to reconnect with the values that sustain the town’s rich history, heritage and industrious uniqueness, the festival also goes a long way to boost business activities, tourism and the general hospitality sector in the area.

In a goodwill message to the Awujale of Ijebuland, Oba (Dr.) Sikiru Adetona, the Group Chief Executive of FCMB Group Plc, Mr. Ladi Balogun, congratulated the monarch, sons and daughters of Ijebu land for promoting the values of the ancient city through the festival and other socio-economic activities. He stated that FCMB is committed to the longevity of the Ojude Oba Festival and the economic prosperity of Ijebu land, just as he urged the people to see the Festival as a fulcrum to inspire individuals and businesses for heightened creativity and increased productivity.

According to him, ‘’over the years, the Ojude Oba Festival has grown to become the most popular gathering of the people of Ijebuland and a significant tourist attraction. With her large Diaspora population, talented artists and rich cultural diversity, Nigeria is well positioned to reap the opportunities that globalisation presents to showcase her artistry and festivals, whilst bringing increased economic activity to communities that host such, such as Ijebu Ode. As we seek to diversify our economy, tourism and culture represent a low hanging fruit that must not go untapped’’.

In the same vein, the Founder of FCMB Group who is also the the Olori Omo-Oba AkileIjebu, Otunba (Dr.) Michael Olasubomi Balogun, CON, in a goodwill message to the paramount ruler of Ijebuland expressed his gratitude to the Awujale, especially the paramount ruler’s selflessness in attending to the different requests and yearnings of the people of Ijebuland.In a message delivered on his behalf by Mr. Diran Olojo, the Bank’s Head of Corporate Affairs, Otunba Balogun commended Oba Adetona for his distinguished and exemplary leadership over the years.

“I for one continue to be proud as your Olori Omo-Oba to lead the way in showing our appreciation by being very close to you and showing unflinching loyalty. Let me thank you and the good Lord, our Maker that you have been unrelenting in showing that you appreciate my regular homage and tribute to you. I can say without fear of anybody gainsaying it that from year to year, on a daily basis, the appreciation of all Ijebus for the way you extend yourself to their different requests and yearnings, is such that the annual paying of homage, is not just the only occasion we would want to be showing our appreciation because you continuously earn our affection and our adulation’’, Otunba Balogun emphasised.

While congratulating the entire indigenes of Ijebuland, the FCMB Founder also prayed that the monarch’s reign would continue to bring joy and prosperity in abundance to the entire Ijebu race, at home and in the Diaspora.

First City Monument Bank (FCMB) is a member of FCMB Group Plc, which is one of the leading financial services institutions in Nigeria with subsidiaries that are market leaders in their respective segments. Having successfully transformed to a retail and commercial banking-led group, FCMB expects to continue to distinguish itself by delivering exceptional services, while enhancing the growth and achievement of the personal and business aspirations of its customers.

CC: Lalasticala

Politics / Governor Ambode Responds Swiftly To Akobi Crescent Flood Crisis ( Pics&videos) by SRS2: 5:38pm On Jul 23, 2017
Yesterday, there was a flood crisis in Akobi crescent Lagos, largely due to failure of residents to properly clean their environment from time to time.
After the rains, dirt washed up the streets making it impossible for the water to dry out.

Thankfully Governor Ambode came to the rescue sending sending teams from the Visionscape and Cleaner Lagos initiative to help clear out the debris.

10 Likes 2 Shares

Business / Wow! FCMB Thrills Young Nigerians With Cash Prizes In The FCMB Flexx #bankingonl by SRS2: 7:32am On Feb 10, 2017
Leading financial institution, First City Monument Bank, is delighting holders of its youth banking account Flexx with cash prizes throughout the month of love, February. In the promo tagged #BankingOnLove, 1o customers will each win N10,000 every week in February.

That’s a total of 40 customers who will be rewarded! Already, 10 winners have emerged in the promo, which kicked off on 01 February 2017 and is designed to reward Flexx customers who use their cards to make payments and carry out transactions.

To be eligible for the weekly draw, all a Flexx account holder has to do is use his / her Flexx card to carry out transactions that add up to at least N5,000 Naira or more every week. The more times Flexx customers use their cards for transactions, the more their chances of winning.

FCMB’s Flexx proposition is targeted at young people who are actively seeking platforms which allow them to express their uniqueness, while building skills for financial success. A youth-centric banking product, Flexx is designed to meet the overall financial needs of young people within the age range of 16 and 25 years, where and how they want those needs met. This is summarized in the description of Flexx as “An app. A card. An account”, which gives account holders the freedom to bank on the go using the Flexx Mobile App, as well as access relevant lifestyle and skills-building content.

In addition, with their Flexx card, they can conveniently withdraw cash, make payments online and on Point-of-Sale machines and access exclusive discounts and freebies from Flexx partners. This interesting departure from the common market offering gives the account holder full access to “flexx” (a popular expression which means to “show off”) and the opportunity to express a lifestyle that will be the envy of their peers who do not have Flexx accounts.

Want to Flexx and win 10,000 Naira, too? Simply open a Flexx account and use your FCMB Flexx card to carry out transactions worth N5000 or more every week and you stand a chance to be one of our winners. Start using your FCMB Flexx cards to carry out all your transactions and payments now! The more transactions you do, the higher your chances of winning each week.

Hurry, you have 3 more weeks to be a winner! Promo runs throughout the month of February only. Follow FCMB Flexx on all social media platforms for more information, or click http://on.fcmb.com/ BankingOnLove-20 to learn more about how you can win in the #BankingOnLove promo.

Nairaland / General / Wow! FCMB Thrills Young Nigerians With Cash Prizes In The FCMB Flexx #bankingonl by SRS2: 3:57pm On Feb 09, 2017
Leading financial institution, First City Monument Bank, is delighting holders of its youth banking account Flexx with cash prizes throughout the month of love, February.

In the promo tagged #BankingOnLove, 1o customers will each win N10,000 every week in February. That’s a total of 40 customers who will be rewarded!

Already, 10 winners have emerged in the promo, which kicked off on 01 February 2017 and is designed to reward Flexx customers who use their cards to make payments and carry out transactions.

To be eligible for the weekly draw, all a Flexx account holder has to do is use his / her Flexx card to carry out transactions that add up to at least N5,000 Naira or more every week.

The more times Flexx customers use their cards for transactions, the more their chances of winning.



FCMB’s Flexx proposition is targeted at young people who are actively seeking platforms which allow them to express their uniqueness, while building skills for financial success.

A youth-centric banking product, Flexx is designed to meet the overall financial needs of young people within the age range of 16 and 25 years, where and how they want those needs met.

This is summarized in the description of Flexx as “An app. A card. An account”, which gives account holders the freedom to bank on the go using the Flexx Mobile App, as well as access relevant lifestyle and skills-building content.

In addition, with their Flexx card, they can conveniently withdraw cash, make payments online and on Point-of-Sale machines and access exclusive discounts and freebies from Flexx partners.

This interesting departure from the common market offering gives the account holder full access to “flexx” (a popular expression which means to “show off”) and the opportunity to express a lifestyle that will be the envy of their peers who do not have Flexx accounts.

Want to Flexx and win 10,000 Naira, too? Simply open a Flexx account and use your FCMB Flexx card to carry out transactions worth N5000 or more every week and you stand a chance to be one of our winners. Start using your FCMB Flexx cards to carry out all your transactions and payments now!

The more transactions you do, the higher your chances of winning each week. Hurry, you have 3 more weeks to be a winner!

Promo runs throughout the month of February only. Follow FCMB Flexx on all social media platforms for more information, or clickhttp://on.fcmb.com/BankingOnLove-20 to learn more about how you can win in the #BankingOnLove promo.

This promo is open to FCMB Flexx account holders only.

Nairaland / General / Fun And Buzz As FCMB Opens Flexx Hub In Zaria by SRS2: 12:28pm On Nov 26, 2016
On Friday, November 25, 2016, students of Ahmadu Bello University (ABU) were super- delighted as First City Monument Bank (FCMB) stormed the prestigious university for the grand opening of the Flexxhub.

This was just immediately after the school’s matriculation and it was awesome. As soon as the event started, the students who were already waiting for the kick-start, trooped out en-masse to the venue. Judging from the smile on their faces, one could tell how excited they were. Here are excerpts from the events:
9
The event featured talent hunt, treasure hunt, dance competitions, and so much more. Winners were also rewarded wholesomely! There was a lot to eat and drink, as well as enough music to thrill the students. See more pictures

2356

The Pro-Chancellor of Ahmadu Bello University (ABU), Architect Mohammed Dewu; Vice Chancellor of the University, Professor Ibrahim Garba, Regional Director, Abuja & North of FCMB, Mr. Mustapha Lukman; Regional Retail Head, Mr. Sunday Egele; President of the Students Representative Council of ABU, Musa Lawal and a host of other dignitaries, were part of the ceremony. Declaring the FlexxHub open, Mr. Lukman said, “Flexx is not just an account but a lifestyle platform that offers a customer experience centred on Fun, Future and Banking. The tripod of ‘FFB’ is served through digital channels that fit into the lifestyle of the Flexx target market. This includes the Mobile App, a Microsite and an Online Account Opening platform, all of which allow a potential Flexx customer open an account with FCMB without necessarily having to visit a branch. What this physical structure of the Flexx Hub brings to you, our young customers, is the removal of the rigours of banking, so that members of the youth market are happy to come “Flexx @ The Hub” whenever the need arises. This is the second FlexxHub we are opening, with many more to be opened on campuses across Nigeria″.
Also speaking, the Vice Chancellor, Professor Garba, expressed gratitude to FCMB for bringing its excellent banking services to the school. According to him, “FCMB is the first financial institution to open a business office at ABU. This shows that the Bank is committed to the development of students, education and indeed the society. We look forward to more rewarding partnership with FCMB”.
The dignitaries, thereafter, cut the ribbon to signify the official opening of the Hub.
8710

Some of the attendees at the event shared their excitement and showed appreciation to FCMB.
A student, who emerged as one of the winners of a smartphone, Master Bitrus Stephen, had this to say about the FCMB Flexx proposition: “Am so excited to have been one of the winners of the FCMB Flexx contest. I lost my smartphone two weeks ago and I have been thinking of how to buy another one. This gift from FCMB is a pleasant surprise and timely, because I opened the account with just N1,100. I really thank the Bank for giving me an opportunity to have a new phone and for also using the Flexx product to empower youths now and in the future”.

The excitement doesn’t end here, join the Flexxers today, click http://flexxzone.fcmb.com/join/open-account.html to register.

Nairaland / General / Fun And Buzz As FCMB Opens Flexx Hub In Zaria by SRS2: 12:11pm On Nov 26, 2016
On Friday, November 25, 2016, students of Ahmadu Bello University (ABU) were super- delighted as First City Monument Bank (FCMB) stormed the prestigious university for the grand opening of the Flexxhub.

This was just immediately after the school’s matriculation and it was awesome. As soon as the event started, the students who were already waiting for the kick-start, trooped out en-masse to the venue. Judging from the smile on their faces, one could tell how excited they were. Here are excerpts from the events:
9
The event featured talent hunt, treasure hunt, dance competitions, and so much more. Winners were also rewarded wholesomely! There was a lot to eat and drink, as well as enough music to thrill the students. See more pictures

2356

The Pro-Chancellor of Ahmadu Bello University (ABU), Architect Mohammed Dewu; Vice Chancellor of the University, Professor Ibrahim Garba, Regional Director, Abuja & North of FCMB, Mr. Mustapha Lukman; Regional Retail Head, Mr. Sunday Egele; President of the Students Representative Council of ABU, Musa Lawal and a host of other dignitaries, were part of the ceremony. Declaring the FlexxHub open, Mr. Lukman said, “Flexx is not just an account but a lifestyle platform that offers a customer experience centred on Fun, Future and Banking. The tripod of ‘FFB’ is served through digital channels that fit into the lifestyle of the Flexx target market. This includes the Mobile App, a Microsite and an Online Account Opening platform, all of which allow a potential Flexx customer open an account with FCMB without necessarily having to visit a branch. What this physical structure of the Flexx Hub brings to you, our young customers, is the removal of the rigours of banking, so that members of the youth market are happy to come “Flexx @ The Hub” whenever the need arises. This is the second FlexxHub we are opening, with many more to be opened on campuses across Nigeria″.
Also speaking, the Vice Chancellor, Professor Garba, expressed gratitude to FCMB for bringing its excellent banking services to the school. According to him, “FCMB is the first financial institution to open a business office at ABU. This shows that the Bank is committed to the development of students, education and indeed the society. We look forward to more rewarding partnership with FCMB”.
The dignitaries, thereafter, cut the ribbon to signify the official opening of the Hub.
8710

Some of the attendees at the event shared their excitement and showed appreciation to FCMB.
A student, who emerged as one of the winners of a smartphone, Master Bitrus Stephen, had this to say about the FCMB Flexx proposition: “Am so excited to have been one of the winners of the FCMB Flexx contest. I lost my smartphone two weeks ago and I have been thinking of how to buy another one. This gift from FCMB is a pleasant surprise and timely, because I opened the account with just N1,100. I really thank the Bank for giving me an opportunity to have a new phone and for also using the Flexx product to empower youths now and in the future”.

The excitement doesn’t end here, join the Flexxers today, click http://flexxzone.fcmb.com/join/open-account.html to register.

Nairaland / General / Resolving Nigeria’s Fuel Supply Challenges Using The Ghanaian Model by SRS2: 9:31am On Nov 22, 2016
Barely few years after Ghana commenced crude oil production from the Jubilee Field, the country has resolved its fuel supply challenges and commenced exports to Nigeria and other West African countries. Ejiofor Alike writes on how Ghana attained this feat and lessons for Nigeria

Not a few people were surprised to read recent reports that Ghana had commenced the exportation of refined petroleum products to some neighbouring West African countries, including Nigeria.
The exports which were reportedly carried out through their state-owned Bulk Oil Storage and Transport (BOST) Company (the equivalent of Nigeria’s Pipelines and Products Marketing Company (PPMC), was announced by the country’s Minister of Petroleum, Mr. Emmanuel Amah –Kofi Buah, at a press briefing during which he also reportedly spoke of plans to extend supplies to Liberia in the coming months.
Ghana’s vision, according to the Petroleum Minister, was to eventually become the hub for the distribution of petroleum products in the West African sub-region.
He also added that the country had achieved capacity to guarantee its energy security for the next two decades.
The irony in the story was all too glaring- Nigeria, one of the top 10 hydrocarbon -rich nations on earth, was reportedly importing refined products from a neighbouring country with, at best, a nascent oil exploration and production industry.
Beyond the unbelief and surprise that greeted the news, the story of how a relatively fringe player in the petroleum business overcame the odds to supply refined petroleum products to its vastly resource-richer neighbour offers enduring lessons in successful public sector enterprise.

Pioneering role of two Ghanaian state-owned firms

According to reports, two Ghanaian state-owned enterprises – BOST and the Tema Oil Refinery (TOR) – were behind the feat achieved by the country’s domestic downstream oil sector.
The more interesting story, however, is how the two companies were transformed into key revenue earners for their country. Up till two years ago, BOST and TOR just like the Nigeria’s refineries, suffered from the regular afflictions of most public sector firms in Africa- poor management, poor funding, outdated equipment, epileptic operations and even poorer productivity, thus transforming these into mere storage depots for 3rd party petroleum products.
THISDAY gathered that before the new transformation, BOST’s total storage capacity of 425 million litres for petroleum products was grossly under-utilised and except for the main import terminal called the Accra Plains Depot, all other five depots were abandoned by the country’s oil marketers forcing BOST to temporarily suspend their operations of those depots in September 2013.
Coincidentally, in the same 2013, BOST had also reportedly incurred liabilities to its 3rd party clients in excess of $60 million (N28.5 billion) as a result of “inefficiencies and mismanagement at the storage depots”.
TOR’s operational circumstances were reportedly more dismal. The refinery’s two plants had suspended operations since 2009, on account of funding constraints which had made it “impossible for its management to raise letters of credit (LCs) for crude oil imports”, among other operational challenges, according to reports.
Nigeria has about 21 depots but most of the depots have also been abandoned as vandalism has made it difficult for petroleum products to be pumped via pipelines to these depots.
Following these issues, the Ghanaian government made an attempt to privatise the refinery, a move that generated serious industrial unrest and suspicion both within the organisation’s labour unions and the country’s organised labour which launched a “Save Tema Refinery” campaign that effectively scuttled the move.
Similar opposition has been mounted by Nigerian oil workers against the proposed sale of the NNPC’s refineries.
However, revival for both organisations in Ghana started in late 2013 when President John Dramani Mahama appointed a new managing director for BOST, Mr. Kwame Awuah- Darko.
He adopted a new approach to the restructuring of BOST for greater effectiveness and took the decision to outsource the operations of all the BOST depots to an independent terminal management company with experience in the management of such facilities in other countries and the willingness to invest in the BOST depots

Involvement of a Nigerian company

Following their selection process, a Nigerian company, TSL Logistics Limited, was successful in its bid to invest in the upgrade and subsequent operations of the BOST Depots. Although, officials from TSL declined requests for interview for this story, we gathered from oil and gas industry sources in Nigeria that they are regarded as one of the largest and the most professional logistics operators in the downstream sector of Nigeria with expertise in terminal management, trucking and marine support services..
Expectedly, the selection did not come without its challenges, especially from indigenous operators in the Ghanaian downstream oil sector, specifically the Bulk Distribution Companies. The Managing Director of BOST, Mr. Kingsley Kwame Awuah-Darko, was reported in the Ghanaian papers as saying that government’s decision to outsource the operations of the terminals to an independent operator like TSL Logistics was to avoid the conflict of interest issues it would face if such a facility was outsourced to the local BDCs.
He also reportedly said that all laid-down procedures were followed in BOST’s dealings with TSL Ghana, “adding that the company (TSL-Ghana) has been given 12 months to meet standards spelt out by BOST or have their contract abrogated”, according to the Ghana News Agency reports.

Success story

Success was soon to follow the bold move by the Ghanaian government. At the end of the pilot run, the BOST MD at a press conference in Accra stated that since BOST engaged TSL, it had stopped experiencing product losses, in fact, BOST had recorded gains in excess of $8million during the pilot run. These statements received further affirmation by the Ghanaian Minister of Petroleum during a 2015 inspection of the BOST facilities in Kumasi to ascertain the progress made by the government since they handed over the management of the depots to TSL. In his words “The Ministry and BOST had not regretted making the decision to collaborate with TSL Logistics and would not mind to do it again.”
The renewed BOST went on to record further success in 2015. It is reported that BOST generated close to $30 million in trading profits for the year 2015, a complete reversal of its fortunes prior to the change in its operational strategy.
Awuah-Darko’s successful turnaround of the fortunes of BOST informed the decision by President Mahama to appoint him to also head Tema Oil Refinery (TOR) effectively doubling as MD of both institutions.
Awuah-Darko immediately set to task utilising the same strategies that made him successful at BOST to get TOR to resume operations and he put in place a crude processing agreement between BOST and TOR, which would see TOR refine crude oil supplied by BOST.
The agreement sealed, TOR resumed operations on February 2016 and the results were immediate, according to reports. Within two months of operations from February 16 to April 20, 2016, the company reportedly posted a profit $800, 000. 00 from its operations, the first positive result in seven years.
It had also processed a total of one million barrels of crude oil supplied by BOST within the period and was also expecting a profit of $1.5 million from the second batch of crude oil it was contracted to refine for BOST between May and August 2016, reports say.
Awuah-Darko reportedly said the “crude oil purchase agreement with TOR was part of measures by BOST to move away from importing finished products at huge costs”.
“We set out a two-year turnaround programme; Operation 24”, according to Awuah-Darko, “which involved specific measurable targets and by July this year, we had exceeded those targets”.
By rolling out its ambitious plans to dominate the downstream petroleum business in the West African sub-region, it is making a strong statement of intent that raises serious questions for its better-endowed neighbours such as Nigeria. The company says it plans to supply Burkina Faso through underground pipes from their facility in Buipe in the near future.
One of the official policy decisions that appears to have helped the success stories of the two state-owned companies was the Ghanaian government’s decision to deregulate its petroleum sector.
According to the country’s Petroleum Minister, “Ghanaians have been empowered to be at the forefront of the industry and a liberalised petroleum downstream sector with strong private sector participation where product availability, competition, better customer service and lower prices are making Ghana the preferred destination for doing business in the sub-region.”
BOST’s CEO says the deregulation has had a very positive effect on petroleum product prices in Ghana. “At the beginning of the year, we had fuel prices at 18.5 cedis per gallon for petrol, by the grace of God today, its 11 cedis per gallon. For the first time in the history of this country, prices are being felt on the local markets”.
The Petroleum Minister further said “the restructuring of BOST has resulted in a turnaround in the performance of this strategic national asset which is now successfully fulfilling its mandate of ensuring the availability of petroleum products”.
Aside from its plans to dominate the sub-regional downstream petroleum space, Ghana also reportedly has ambitious plans for its Gas business with the Ghana Gas Company (Ghana Gas) having completed an extension of its pipeline to the battery limit of the West African Gas Pipeline Company (WAPCo)’s Metering Station at Aboadze. Reports say Ghana Gas is awaiting WAPCo’s interconnection of this pipeline as part of its strategy to, in the long term, “provide the opportunity for Ghana to realise its vision to utilize gas for the other industrial uses, beyond power generation, such as fertilizer and petrochemicals”, the Minister said.

Lessons for Nigeria

The success of this Public/Private Sector partnership model in Ghana certainly raises a compelling case for its application in Nigeria, given the humongous challenges that have beset the country’s downstream petroleum sector over the years, with over 70 per cent of the country’s foreign exchange earning reportedly dedicated to the importation of refined petroleum products.
Amidst recent reports of the N127.73 billion loss sustained by the Nigerian National Petroleum Corporation (NNPC) for the first eight months of 2016, of which the country’s refineries accounted for N47.69 billion, it is clear that the country is in need of urgent solutions to its age-long challenges of ensuring adequate domestic supply of petroleum products and turning around the fortunes of the refineries in the overall interest of the economy.
Exploring the restructuring model applied by Ghana for BOST’s counterpart in Nigeria, the PPMC and the country’s perennially-epileptic refineries, may prove the turning point towards a vibrant, export-capable downstream petroleum sector in the country, given the success recorded in such operations by an indigenous player in the sector in a neighbouring country

Nairaland / General / Tv Broadcast Rate In Nigeria by SRS2: 10:07am On Sep 03, 2010
Please guys, I need information on broadcast rate of the following TV channels STV,NTA, DBN and AIT.
Thanks.
Jobs/Vacancies / Tv Broadcast Rate In Nigeria by SRS2: 10:01am On Sep 03, 2010
Please guys I need  information on broadcast rate of some TV channels in Nigeria, STV, AIT, NTA, and others.
Thanks.
Jobs/Vacancies / Vacancies In A Hospitality Industry by SRS2: 1:24pm On Aug 10, 2010
Our client is a reputable organization renowned for its first class services in the Hospitality and Entertainment Industry.We are seeking to recruit experienced & skilled personnel in the hospitality industry for her. Vacancies exist in the following positions:-

-Receptionist
-Waiter/Waitpersons
-Security
-Cleaners
-Chef
-Barmen etc.


If you are that person that we are looking for :

Apply now by sending your CVs, stating the position applied for, to swiftrecruitment101@gmail.com or call 0803 150 1372
Jobs/Vacancies / Vacancies In A Hospitality Industry by SRS2: 12:22pm On Aug 09, 2010
Our client is a reputable organization renowned for its first class services in the Hospitality and Entertainment Industry.We are seeking to recruit experienced & skilled personnel in the hospitality industry for her. Vacancies exist in the following positions:-

-Receptionist
-Waiter/Waitpersons
-Security
-Cleaners
-Chef
-Barmen etc.


If you are that person that we are looking for :

Apply now by sending your CVs, stating the position applied for, to swiftrecruitment101@gmail.com or call 0803 150 1372
Jobs/Vacancies / Vacancies In A Hospitality Industry by SRS2: 10:08am On Aug 06, 2010
Our client is a reputable organization renowned for its first class services in the Hospitality and Entertainment Industry.We are seeking to recruit experienced & skilled personnel in the hospitality industry for her. Vacancies exist in the following positions:-

-Receptionist
-Waiter/Waitpersons
-Security
-Cleaners
-Chef
-Barmen etc.


If you are that person that we are looking for :

Apply now by sending your CVs, stating the position applied for, to swiftrecruitment101@gmail.com or call 0803 150 1372
Jobs/Vacancies / Vacancies In A Hospitality Industry by SRS2: 4:42pm On Aug 04, 2010
Our client is a reputable organization renowned for its first class services in the Hospitality and Entertainment Industry.We are seeking to recruit experienced & skilled personnel in the hospitality industry for her.  Vacancies exist in the following positions:-

-Receptionist
-Waiter/Waitpersons
-Security
-Cleaners
-Chef
-Barmen etc.


If you are that person that we are looking for :

Apply now by sending your CVs, stating the position applied for,  to  swiftrecruitment101@gmail.com or call 0803 150 1372

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