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All posts tagged "power sector"

  • FG saves N530bn from contracts – BPP boss

    The Federal Government has saved a total of N530bn from contracts as a result of its insistence on due process, the Director-General, Bureau for Public Procurement, Mr. Emeka Eze, has said. Speaking to State House correspondents after...

    • Posted September 26, 2013
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  • Lagos residents commend government over improved power supply

    Some Lagos residents and business outfits have commended the Power Holding Company of Nigeria (PHCN) over improved power supply in their areas. They gave the commendation while speaking with the News Agency of Nigeria (NAN) in Lagos...

    • Posted September 13, 2013
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  • Electricity: FG earmarks $3.7b for 20,000mw by 2016

    Vice President, Namadi Sambo, on Thursday said the privatisation of the Bank of Agriculture (BoA) by the National Council on Privatisation (NCP) is to unbundle, and enable it provide cheaper funds for agriculture. Speaking at the closing ceremony...

    • Posted September 7, 2013
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  • Safety violation: NERC to sack power firms’ CEOs

    The Nigerian Electricity Regulatory Commission on Wednesday said it would start firing the chief executive officers of power firms who treat safety issues with levity. The resolve, NERC said, was based on the high rate of deaths...

    • Posted September 6, 2013
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  • We’ve paid 70% of PHCN workers – FG

    The Federal Government on Wednesday said it had paid the severance benefits of over 70 per cent of the workers of the Power Holding Company of Nigeria as it worked towards concluding the privatisation of the power...

    • Posted August 30, 2013
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  • DMO to ensure judicious use of $1bn Eurobond

    The Director-General, the Debt Management Office, Dr. Abraham Nwankwo, has said the power projects for which the country recently secured a $1bn Eurobond will be judiciously monitored. The $1bn Eurobond offering meant to finance power projects was...

    • Posted August 25, 2013
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  • Severance package: FG begins payment of PHCN workers

    The Federal Government has commenced the payment of the severance packages of employees of the Power Holding Company of Nigeria in preparation for the conclusion of the privatisation of the power sector. Our correspondent gathered on Tuesday...

    • Posted August 8, 2013
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  • Power: FG seeks $450m from Islamic Development Bank

    The Federal Government has sought the support of the Islamic Development Bank for the provision of about $450m to expand the power transmission system to wheel up to 20,000 megawatts of electricity. A statement on Sunday quoted...

    • Posted August 5, 2013
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  • Power crisis ends soon as FG increases gas supply – Alison-Madueke

    The Federal Government has given the assurance that the end is near for the nation’s current power crises, as more gas will be released to feed the power generating plants in the country. The assurance was given...

    • Posted July 31, 2013
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  • Consumers groan as system collapse worsens power supply

    Electricity consumers have condemned the worsening power situation in the country and blamed the Power Holding Company of Nigeria for gross inefficiency. They lamented that power supply had become poorer in recent times and warned that the...

    • Posted June 21, 2013
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