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All posts tagged "holding company"

  • Power privatisation threatened as bidders give FG conditions

    The ongoing privatisation of power sector is facing a threat as winners of the 11 distribution companies of the Power Holding Company of Nigeria PHCN, yesterday issued the Federal Government fresh conditions before completing the balance of...

    • Posted August 15, 2013
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  • Privatization: FG hands over PHCN to new investors September 21

    The Federal Government will hand over privatized successor companies of the Power Holding Company of Nigeria, PHCN, to private investors on September 21, 2013, if the investors pay on schedule. The Director-General of the Bureau of Public...

    • Posted August 10, 2013
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  • Small scale industrialists lament high electricity bills

    Members of Small Scale Polythene Industries in Onitsha, Anambra State, have called on President Goodluck Jonathan and governors of the South East to prevail on the Power Holding Company and Nigerian Electricity Regulatory Commission, NERC,  to save...

    • Posted June 25, 2013
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  • FBN Holdings shareholders approve N32.63b dividend

    Directors of FBN Holdings, at its first annual general meeting on Friday in Lagos assured its shareholders of the company’s resolve to continue doing business in a manner that would translate into success and more dividend payout...

    • Posted June 3, 2013
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  • Workers insist on 10% equity in PHCN

    WORKERS in the nation’s electricity sector,  have insisted that they will not forgo the 10 percent equity share in the assets of the Power Holding Company of Nigeria, PHCN, being privatized by the Federal Government in accordance...

    • Posted May 8, 2013
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  • NDPHC to add 4,200 MW to national grid by December

    The Niger Delta Power Holding Company said it aims to be contributing about 4, 200 mega watts of electricity to the national grid by December. NDPHC, the owners of the National Integrated Power Project, gave the assurance...

    • Posted April 20, 2013
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  • Investors pay N73bn for PHCN successor firms

    ELEVEN bidders for the successor companies of Power Holding Company of Nigeria, PHCN, have paid $469, 031,940.46 (about N73,638,014,580 billion), representing the mandatory 25 percent of the offer of their bids. The deadline for the payment of...

    • Posted March 21, 2013
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  • Jumia, Nigeria’s largest e-commerce retailer, receives 20m Euros funding from Summit Partners

    Jumia, Africa’s largest and fastest-growing e-commerce retailer with websites in Nigeria and in Egypt and Morocco, announced today that it has received an investment of €20 million from leading growth equity investor Summit Partners. Summit Partners will...

    • Posted March 6, 2013
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  • Power privatization: FG to sign deal with winners soon

    In its efforts  towards boosting the   confidence of investors in the transformation agenda of President Goodluck Jonathan, the Federal Government had assured Nigerians of its willingness to sign all necessary agreements with the bid winners of...

    • Posted February 21, 2013
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  • FG orders PHCN to import prepaid meters

    The Federal Government has directed the Power Holding Company of Nigeria, (PHCN), to import commercial number of new pre-payment meters for distribution to consumers nationwide. The importation of the meters is aimed at ending the exploitation of...

    • Posted February 14, 2013
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