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Nigerian Coal Corporation
The Nigerian Coal Corporation (NCC) is a Nigerian parastatal corporation responsible for mining and selling coal. It is based in Enugu. Origin In 1909, coal was discovered in Enugu, Nigeria. The Ogbete drift mine opened six years later. The Ogbete mine's operations and others in the country were merged into a new corporation in 1950: The Nigerian Coal Corporation. The NCC was tasked with exploiting coal resources, and held a monopoly on coal and coke mining, production, and sales until 1999. Production problems and decline of coal Nigeria's coal industry suffered a blow in the 1950s when oil was discovered. Up until this point, the Nigerian Railway Corporation was the largest consumer of coal in the country. However, after the discovery of oil, the Railway Corporation began to replace its coal-burning trains with diesel-powered engines. An additional negative impact came when the Electricity Corporation of Nigeria began converting its power generation equipment from coal to dies ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parastatal
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs are government entities established to pursue financial objectives and develo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debt
Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase. The debt may be owed by sovereign state or country, local government, company, or an individual. Commercial debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest. Loans, bonds, notes, and mortgages are all types of debt. In financial accounting, debt is a type of financial transaction, as distinct from equity. The term can also be used metaphorically to cover moral obligations and other interactions not based on a monetary value. For example, in Western cultures, a person who has been helped by a second person is sometimes said to owe a "debt of gratitude" to the second person. Etymology The English term "debt" was first used in the late 13th century. The term "debt" comes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-renewable Resource Companies Established In 1950
A non-renewable resource (also called a finite resource) is a natural resource that cannot be readily replaced by natural means at a pace quick enough to keep up with consumption. An example is carbon-based fossil fuels. The original organic matter, with the aid of heat and pressure, becomes a fuel such as oil or gas. Earth minerals and metal ores, fossil fuels (coal, petroleum, natural gas) and groundwater in certain aquifers are all considered non-renewable resources, though individual elements are always conserved (except in nuclear reactions, nuclear decay or atmospheric escape). Conversely, resources such as timber (when harvested sustainably) and wind (used to power energy conversion systems) are considered renewable resources, largely because their localized replenishment can occur within time frames meaningful to humans as well. Earth minerals and metal ores Earth minerals and metal ores are examples of non-renewable resources. The metals themselves are present i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy Companies Established In 1950
In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat and light. Energy is a conserved quantity—the law of conservation of energy states that energy can be converted in form, but not created or destroyed. The unit of measurement for energy in the International System of Units (SI) is the joule (J). Common forms of energy include the kinetic energy of a moving object, the potential energy stored by an object (for instance due to its position in a field), the elastic energy stored in a solid object, chemical energy associated with chemical reactions, the radiant energy carried by electromagnetic radiation, and the internal energy contained within a thermodynamic system. All living organisms constantly take in and release energy. Due to mass–energy equivalence, any object that has mass when ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government-owned Companies Of Nigeria
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-owne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coal Companies Of Nigeria
Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other elements, chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal is formed when dead plant matter decays into peat and is converted into coal by the heat and pressure of deep burial over millions of years. Vast deposits of coal originate in former wetlands called coal forests that covered much of the Earth's tropical land areas during the late Carboniferous (Pennsylvanian) and Permian times. Many significant coal deposits are younger than this and originate from the Mesozoic and Cenozoic eras. Coal is used primarily as a fuel. While coal has been known and used for thousands of years, its usage was limited until the Industrial Revolution. With the invention of the steam engine, coal consumption increased. In 2020, coal supplied about a quarter of the world's primary energy and over a third of its electricity. Some iron ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gombe State
Gombe State ( ff, Leyddi Gommbe 𞤤𞤫𞤴𞤣𞤭 𞤺𞤮𞤥𞥆𞤦𞤫) is a state in northeastern Nigeria, bordered to the north and northeast by the state of Borno and Yobe, to the south by Taraba State, to the southeast by Adamawa State, and to the west by Bauchi State. Named for the city of Gombe—the state's capital and largest city—Gombe State was formed from a part of Bauchi State on 1 October 1996.The state is among the multi lingual states in Nigeria. Of the 36 states of Nigeria, Gombe is the 21st largest in area and 32nd most populous with an estimated population of about 3.25 million as of 2016. Geographically, the State is within the tropical West Sudanian savanna ecoregion. Important geographic features include Gongola River, which flows through Gombe's north and east into Lake Dadin Kowa, and part of the Muri Mountains, a small range in the state's far south. Among the state's nature are a number of snake species including carpet viper, puff adder, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Benue State
Benue State is one of the North Central states in Nigeria with a population of about 4,253,641 in 2006 census. The state was created in 1976 among the 7 states created at that time.The state derives its name from the Benue River which is the second largest river in Nigeria. The state borders Nasarawa State to the North; Taraba State to the East; Kogi State to the West; Enugu State to the South-West; Ebonyi and Cross-Rivers States to the South; and has an international border with Cameroon to the South-East. It is inhabited predominantly by the Tiv, Idoma and Igede. Minority ethnic groups in Benue are Etulo, Igbo, Jukunpeoples etc. Its capital is Makurdi. Benue is a rich agricultural region; popularly grown crops include: oranges, mangoes, sweet potatoes, cassava, soya bean, guinea corn, flax, yams, sesame, rice, groundnuts, and Palm Tree. Benue State as it exists today is a surviving legacy of an administrative entity that was carved out of the protectorate of no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anambra State
Anambra State is a Nigerian state, located in the southeastern region of the country. The state was created on August 27, 1991. Anambra state is bounded by Delta State to the west, Imo State to the south, Enugu State to the east and Kogi State to the north. According to the 2022 census report, there are over 9 million residents in the state. The state name was formed in 1976 from the former East Central State. The state is named after Omambala River, a river that runs through the state. Anambra is the Anglicized name of the Omambala River, Omambala. The State capital is Awka, a rapidly growing city that increased in population from approximately 700,000 to more than 6 million between 2006 and 2020. The city of Onitsha, a historic port city from the pre-colonial era, remains an important centre of commerce within the state. Nicknamed the "Light of the Nation", Anambra State is the List of Nigerian states by population, eighth most populous state in the nation, although that has ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kogi State
Kogi State is a state in the North Central region of Nigeria, bordered to the west by the states of Ekiti and Kwara, to the north by the Federal Capital Territory, to the northeast by Nasarawa State, to the northwest by Niger State, to the southwest by the Edo and Ondo states, to the southeast by the states of Anambra and Enugu, and to the east by Benue State. It is the only state in Nigeria to border ten other states. Named for the Hausa word for river (''kogi).'' Kogi State was formed from parts of Benue State, Niger State, and Kwara State on 27 August 1991. The state is nicknamed the "Confluence State" due to the fact that the confluence of the River Niger and the River Benue occurs next to its capital, Lokoja. Of the 36 states of Nigeria, Kogi is the thirteenth largest in area and twentieth most populous with an estimated population of about 4.5 million as of 2016. Geographically, the state is within the tropical Guinean forest–savanna mosaic ecoregion. Impor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Enugu State
Enugu State ( ig, Ȯra Enugu) is a state in the South-East geopolitical zone of Nigeria, bordered to the north by the states of Benue and Kogi, Ebonyi State to the east and southeast, Abia State to the south, and Anambra State to the west. The state takes its name from its capital and largest city, Enugu. Of the 36 states, Enugu is the 29th largest in area and 22nd most populous with an estimated population of over 4.4 million as of 2016. Geographically, the state is divided between the Niger Delta swamp forests in the far south and the drier Guinean forest–savanna mosaic with some savanna in the rest of the state. Other important geographical features are the Udi-Nsukka Plateau and Ekulu River, which flows through the city of Enugu. Modern-day Enugu State has been inhabited for years by various ethnic groups, primarily the Igbo people with minorities of Idoma and Igala peoples in Etteh Uno. In the pre-colonial period, what is now Enugu State was a part of the med ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
