Thursday, August 6, 2020

Tag "PHCN"

    FG to sell 216 assets of defunct PHCN

FG to sell 216 assets of defunct PHCN

"Also, it is to ensure that you get the value as at the current period, for valuation is actually periodic. So the first phase of assets that we are bringing out for sale are 52 in number. He said the AEDC is already communicating with NELMCO on how to settle the debts and acquire some of the non-core assets up for [...]

0 comment Read Full Article
    Ex-PHCN staff and the overdue emolument!

Ex-PHCN staff and the overdue emolument!

BY MOHAMMED BELLO On behalf of Ex-Staff of the defunct PHCN. Your Excellency, I write to inform you that since the privatization of PHCN in 2013, Ex-PHCN Staff are yet to receive their outstanding benefits. The long wait for the complete settlement of our outstanding benefits seven years after the privatization of the power sector is becoming unbearable and exasperating in [...]

0 comment Read Full Article
    SHAME: Total blackout at police headquarters ‘to save diesel for night duty’ (photos)

SHAME: Total blackout at police headquarters ‘to save diesel for night duty’ (photos)

When Folarin Falana, better known as Falz, said in his song - ‘This is Nigeria’ - that police stations across the country close by 6pm due to “security reasons”, many laughed but there is no doubt that his statement captured the sad state of things within the Nigeria police force. Unbelievable as it might sound, officers at the police headquarters in Abuja [...]

0 comment Read Full Article

Azura plant successfully test-runs turbines, peaks at 450MW

In what might be considered a boost to Nigeria’s power supply needs, the Azura power plant in Edo state did its first whole plant run on Friday, peaking at 450 megawatts. The federal government announced this through its power sector recovery programme twitter handle.   https://twitter.com/PSRPNigeria/status/984831373528707072 The power sector recovery programme was set up to ensure Nigeria’s power supply value chain  boost energy needs [...]

0 comment Read Full Article
    Reps to probe ‘diversion’ of N2bn, $3.8m from sale of PHCN

Reps to probe ‘diversion’ of N2bn, $3.8m from sale of PHCN

The house of representatives has resolved to investigate the alleged diversion of N2 billion and $3.8 million interests on the proceeds of the sale of Power Holding Company of Nigeria (PHCN). The decision followed the unanimous adoption of a motion by Chukwuka Onyema, a lawmaker from Anambra state, at the plenary on Tuesday. Onyema had said the Electric Power Sector Reform Act [...]

0 comment Read Full Article

‘We have been paying PHCN for darkness for over ten years’

Residents of Itire community, a suburb of Mushin local government area of Lagos state have cried out over epileptic power supply and estimated billings by Ijeshatedo Undertaking of the Eko Electricity Distribution Company. The Cable gathered that the community, home to the Oba of Itire Land, is currently in blackout after some dwellers resisted officials of the EKEDC during field work [...]

0 comment Read Full Article
    PHCN retirees seek justice over attempted ejection from Egbin housing estate

PHCN retirees seek justice over attempted ejection from Egbin housing estate

They saw it coming but did not know the exact manner that it will take. Having spent decades at the Egbin housing estate in the Ikorodu area of Lagos, the retirees of the Power Holding Company of Nigeria (PHCN) knew that their new host no longer wanted them but they least expected a cruel eviction. In November 2013, the federal government [...]

1 comment Read Full Article
    PHCN ‘asks’ gencos to generate less electricity

PHCN ‘asks’ gencos to generate less electricity

Transcorp Ughelli Power Plc (Transcorp Power) has alleged that the Power Holding Corporation of Nigeria (PHCN) sometimes asks electricity generating companies (gencos) to generate less electricity for Nigerians. The genco, which is a subsidiary of Transnational Corporation of Nigeria Plc (Transcorp), said the PHCN, through its National Control Centre (NCC), often gives these directives due to the inability to transmit the [...]

0 comment Read Full Article
    FG announces N213bn bailout for power sector

FG announces N213bn bailout for power sector

The federal government on Friday announced new measures to address financing related issues in the power sector, including a N213 billion bailout facility to settle legacy gas debts. The minister of petroleum resources, Mrs Diezani Alison-Madueke, made the fact known at a joint press conference at the Presidential Villa, Abuja. She was joined by the governor of the Central Bank of Nigeria [...]

0 comment Read Full Article
    Strike looms in power sector over job losses

Strike looms in power sector over job losses

Investors in the power sector may be in for an industrial crisis, as labour unions in the industry have threatened to fight moves by the firms to sack thousands of their workers. This may worsen the deplorable power situation in some parts of the country, as the workers are set to stop the supply of electricity to the south-south and south-west regions by [...]

0 comment Read Full Article
Advertisement
Advertisement
Advertisement

Advertisement
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement