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Electricity Distribution Companies
The Speaker of the House of Representatives, Femi Gbajabiamila, has said the lower chamber of the National Assembly would ensure that Nigerians get adequate supply for the electricity they pay for.
The Federal Government of Nigeria, on the 26th of July, signed an agreement with the German company, Siemens, to help the nation’s power sector.
Some stakeholders in the power sector have called on the Federal Government to fulfill its 40 per cent funding to electricity distribution companies (DISCOS) to enable them function effectively.
Barring any unforeseen circumstances, the implementation of the agreement which the Federal Government signed with Siemens for the resolution of challenges in the power sector will take off in December.
The implementation of the technical and commercial proposal on electrification roadmap for Nigeria by Siemens Group will commence by the end of the year, the Director-General, Bureau of Public Enterprises, Alex Okoh, has said.
An end to the erratic power supply in Nigeria is far from sight. Reason: Nigeria’s power sector losses have risen to N332.4 billion due to insufficient gas supply, distribution and transmission infrastructure between January and July, 2019.
Not comfortable with the inability of the Electricity Distribution Companies to live up to their responsibilities, the Federal Government is to focus critically on the power sector in order to break the monopoly on power distribution.
Electricity Distribution Companies (DisCos) Monday denied the allegation of the Transmission Company of Nigeria (TCN) that the system collapse that was experienced on Sunday was “due to high voltage following massive drop of load by the electricity distribution companies.”
The management of Transmission Company of Nigeria (TCN), says massive load drop by electricity distribution companies was responsible for the system collapse to the national grid, occasioned by the fire outbreak that gutted their transformer in Benin, Edo State.
The Federal Government has ordered the disconnection of three electricity distribution companies (DisCos) from the national grid over “non-compliance with the conditions of market rules”.
The federal government has ordered the disconnection of three electricity distribution companies from the national grid over “non-compliance with the conditions of market rules”.
Electricity Distribution Companies (DisCos) in Nigeria have called for the creation of an enabling environment to ensure cost recovery and further drive investments in the nation’s power sector.
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.
Electricity Distribution Companies, Ikeja Electric Plc (IE) has reiterated the commitment of the company to the safety of its staff across its network area.
The Chairman, Academic Staff Union of Polytechnics (ASUP), Oyo State College of Agriculture and Technology, Igbo-Ora, Mr. Opadijo Olujide, along with Secretary of the Union, Gbenga Alayande, and three others have been kidnapped.
Ogun State governor, Dapo Abiodun, at his swearing-in ceremony, promised to improve the standard of education in the state and on Friday, the governor has suspended with immediate effect payment of N3 700 as PTA fee inherited by the past administration.
Joe Biden, the Democratic heavyweight hoping to wrest the U.S. presidency from Donald Trump, has called on his opponent to make public the transcript of a phone call during which he reportedly made an inappropriate “promise” to a foreign leader.
The All Progressives Congress (APC) Progressives Governors Forum has promised to aggressively settle all public debate around the distinction between APC and Prople’s Democratic Party (PDP) governors.
FairMoney, a Paris-based fintech startup, has closed a $10 million-euro Series A round of investment led by Flourish, a venture of The Omidyar Group, the partners of DST Global, and existing seed investors Newfund, Speedinvest, and Le Studio VC to reshape mobile banking in Nigeria and other countries.
The immediate past Governor of Imo State, Senator Rochas Okorocha, has declared that he will not hesitate to join the Indigenous People of Biafra, IPOB, if the Nnamdi Kanu-led group is able to convince him to do so.
A huge fire at a Liberian Koranic school killed at least 26 pupils and two teachers on Wednesday when flames engulfed their dormitory, in one of the worst disasters of its kind for the West African nation.
Brazil coach, Tite, has revealed the rationale behind his decision, to include Paris Saint-Germain forward, Neymar, in his 23-man roster for the friendlies against Senegal and Nigeria next month.
There is chaos in the Okonjo Royal family of Ogwashi-Uku following the unauthorized announcement of the death of their 91-year-old Obi, Professor Chukuka Okonjo, and naming of a successor by his daughter and former Finance Minister, Dr. Ngozi Okonjo-Iweala.
US President Donald Trump said Wednesday that he has instructed Treasury Secretary Steven Mnuchin to “substantially” increase economic sanctions on Iran.