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Former chairman of the Nigerian Electricity Regulatory Commission (NERC), Professor Sam Amadi, has said that the nation’s power sector was ab initio designed to fail, “because the government had failed to corporatise and commercialise the sector before privatising.”
The Independent Corrupt Practices Commission, ICPC, is set to prosecute the Managing Director/Chief Executive Officer of the Nigerian Bulk Electricity Trading Company Limited (NBET), Dr. Marilyn Amobi, for alleged gross abuse of office.
The Managing Director, Transmission Company of Nigeria (TCN), Dr. Usman Gur Mohammed, on Monday said that shareholders of the electricity distribution companies (DisCos) that consist of the Federal Government and the private investors in the firms, are to jointly raise $4.7 billion to recapitalize the firms to upgrade power distribution equipment in the country.
The Bureau of Public Enterprises (BPE), says it is not conducting another verification exercise for the defunct staff of Power Holding Company of Nigeria (PHCN) as is being circulated in some quarters.
The Nigerian Electricity Regulatory Commission (NERC) has issued permits to Kaduna Electricity Distribution Company (KDEDC) and Eko Electricity Distribution Company (EKEDC), Meter Asset Providers (MAPs), in accordance with section 4(3) of the MAP regulations NERC- R-112 of 2018.
Nigeria supplies about 80 per cent of the total quantum of electricity consumed in the Republic of Benin but power is more stable in the neighbouring country than it is in Nigeria, the Transmission Company of Nigeria has said.
The Transmission Company of Nigeria (TCN) has raised alarm over the planned picketing of its headquarters by the Trade Union Congress of Nigeria (TUC).
Nigeria is still in darkness because of infrastructural deficit and the huge debt owed power generation companies (GenCos) by power distribution companies (DisCos), Century Power Generation Company Limited Chief Executive Officer, Dr Chukwueloka Umeh, said at the weekend.
The process to bridge the huge metering gap in the Nigerian electricity sector industry may have begun with the scheduled distribution of about 900,000 prepaid meters by the Abuja Electric Distribution Company (AEDC) to customers in its franchise area.
The rise in the bill collection efficiency of electricity distribution companies to N438bn without a commensurate improvement in supply and metering has been criticised by consumers.
Dr Abiodun Adedipe, a member of the Nigerian Economic Summit Group, says that increasing tax rates is not the cure all for growing tax revenue in Nigeria.
The Minister of Power Works and Housing, Babatunde Fashola, has said Nigerians will experience some difficulties on power and road projects during the rainy season.
The Electricity Generation Companies (GenCos) at the weekend said the country loses $29.3billion yearly to low supply resulting from load shedding and inadequate facilities.
Worried by the inability of the 11 distribution companies to distribute power to many consumers, the Nigerian Electricity Regulatory Commission (NERC) has said it is considering a new regulation to allow third-party investors take up and maintain parts of the vast electricity distribution networks currently owned by the Discos.
Mojec Meter Assets Management Company, a subsidiary of Mojec International Limited, has announced a partnership with some banks to provide retail financing for the rollout of prepaid meters to its customers within the coverage area of its partner distribution companies (DISCOs) across the country.
The Nigerian Electricity Regulatory Commission (NERC) Friday disclosed that it has given two more electricity distribution companies (Discos) in Nigeria’s power sector the nod to engage third-party contractors to install meters for consumers under their networks.
Momas Electricity Meter Manufacturing Company Ltd. says Nigerian Electricity Regulatory Commission’s directives to begin the rollout of new meters by May 1 is not feasible or realistic.
Everton midfielder Idrissa Gana Gueye scored the decisive goal as Senegal defeated Nigeria 1-0 at the Ismaila Stadium on Sunday in their final build-up game ahead of the 2019 Africa Cup of Nations.
A mine blast killed four police officers travelling in a troubled anglophone region of Cameroon in the southwest of the country, the government said Sunday.
The Buhari Media Organization (BMO) has described Peoples Democratic Party (PDP’s) statement on June 12 as a cacophony of lies.
Residents in the outskirts of Maiduguri on Sunday witnessed some skirmishes following indiscriminate shooting by some soldiers.
The Nigeria Immigration Service has commissioned 396 cadets into Officers Corps, NIS Public Relations Officer, Sunday James, has said.
Nigeria dropped three places to 45th spot in the latest global rankings released by the International Federation of Association Football (Fifa).
An Australian man pleaded not guilty on Friday to 92 charges stemming from a massacre in two mosques in the New Zealand city of Christchurch three months ago and will stand trial in May next year.
The five men wrongly convicted of raping a jogger in New York’s Central Park in 1989 said on Sunday that a new Netflix Inc series about their case revived the pain from their ordeal but, for some, brought a sense of redemption.
Eighteen states in Nigeria will benefit from the Rural Access and Mobility Project (RAMP), a Word Bank Programme in Nigeria by 2020.
Drama in Minna as the Niger State House of Assembly on Tuesday suspended the Standing Order of the House to allow a first timer, a former Attorney General and Commissioner for Justice in Niger State, Barrister Bala Wuse, to emerge as the speaker of the state 9th Assembly.