Business

NIPC Q1 2020 Report Shows N152bn Investments, 18 Company Applications

NIPC Q1 2020 Report Shows N152bn Investments, 18 Company Applications

The first quarter, 2020 report released by the Nigerian Investment Promotion Council, (NIPC) shows that 18 new applications and 1…
Power: GenCos Raise Generation Capacity By 4,000MW, Decry N600bn Debt

Power: GenCos Raise Generation Capacity By 4,000MW, Decry N600bn Debt

Power Generation Companies (GenCos) in Nigeria have said they have raised power plants’ capacity by 4,000 megawatts (MW) seven years…
AEDC Launches Smart Fault Detector For High-Tension Lines

AEDC Launches Smart Fault Detector For High-Tension Lines

Abuja Electricity Distribution Company (AEDC) has announced the deployment of a smart high-tension overhead fault detector for 11 kilovolts (KV)…
NERC to Sanction 7 DisCos For Overbilling customers

NERC to Sanction 7 DisCos For Overbilling customers

The Nigerian Electricity Regulatory Commission, NERC has issued notices of intention to commence enforcement action against seven electricity Distribution Companies,…
The Economic Repercussion Of Coronavirus Pandemic On Nigerians

The Economic Repercussion Of Coronavirus Pandemic On Nigerians

As the reality of the coronavirus pandemic dawns on Nigeria, the country, like the rest of the world has begun…
“We Have Metered 100,000 Customers Under MAP” – AEDC

“We Have Metered 100,000 Customers Under MAP” – AEDC

AEDC’s metering performance under the meter asset provider scheme otherwise known as MAP reached a major milestone May 5th when…
New TCN Boss, Top Mgt Officials Get Appointment Letters

New TCN Boss, Top Mgt Officials Get Appointment Letters

The new Managing Director of the Transmission Company of Nigeria (TCN), Engr. Sule Abdulaziz, and his four management team, have…
CBN COVID-19 Palliative: Successful Applicants To Get Credit Within 48hours

CBN COVID-19 Palliative: Successful Applicants To Get Credit Within 48hours

The Central Bank of Nigeria (CBN) has advised all successful applicants under the Bank’s COVID-19 Targeted Credit Facility (TCF), whose…
OPEC+ Extends First Phase Production Adjustment To End Of July

OPEC+ Extends First Phase Production Adjustment To End Of July

Nigeria will continue collaborating with other OPEC+ Nations in the historic efforts to adjust crude oil production towards rebalancing and…
House Committee On Power Lauds TCN On Transmission Services

House Committee On Power Lauds TCN On Transmission Services

…pledges support to new management  The House of Representatives Committee on Power, has lauded the operational performance of the Transmission…
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