Archives for POWER
AEDC Appoints Chijoke Okwuokenye MD/CEO
By Ngozi Onyeakusi---Abuja Electricity Distribution Company (AEDC) has announced the appointment of Engr. Chijioke Okwuokenye as the acting Managing Director, with immediate effect. This appointment, which is part of…
FG’s 90,000km Fibre Project Faces Obstacles
By Ngozi Onyeakusi--Stakeholders in the telecommunications industry have said the Federal Government’s plan to deploy 90,000 kilometers of fibre optic cables across the country will face several obstacles, especially from…
FG insists on electricity tariff hike as Labour threatens showdown
The Federal Government on Sunday faulted the organised labour’s opposition to the electricity tariff hike and the removal of the subsidy in the sector. The spokesperson for the Ministry of…
Tariff Hike: FCCPC, NSE Call For Metering Of All Consumers Within 60 Days
The Federal Competition and Consumer Protection Commission (FCCPC) has backed the recent fine imposed by the Nigerian Electricity Regulatory Commission (NERC) on the Abuja Electricity Distribution Company (AEDC) for violating…
Transcorp Power Posts N142.1 bn Gross Earnings, Declares N3.13 Dividend, As Profit Grows By 75%
By Ngozi Onyeakusi---Transcorp Power Plc, one of the power subsidiaries of Nigeria’s leading listed conglomerate, Transnational Corporation Plc, has released its audited financial statements for the year ended December 31,…
Transparency: EITI Rates NNPC High in Compliance …As Kyari Insists No Public Fund Withheld
By Ngozi Onyeakusi--- Global transparency body, Extractive Industries Transparency Initiative (EITI), has scored the Nigerian National Petroleum Company Limited (NNPC Ltd) very high in its latest global assessment. This was…
FG suspends electricity tariff hike, power subsidy hits N1.6tn
The Nigerian Electricity Regulatory Commission, on Wednesday, released the 2024 electricity tariffs which showed that the Federal Government is to shoulder about subsidy this year to avert…
UNIDO Seeks NASENI Collaboration on Renewable Energy Solutions & Industrial Development
Front row left: Representative of Bloomhill Agroservices, Germany, Elizabeth Ogbile; representative of (B) Energy, Germany, Katrin Puetz; on Strategy to the EVC/CEO of the National Agency for Science and…
NCC, SystemSpecs, New Horizons bosses to address Startups at WorldStage Summit 2023
All is set for the WorldStage Economic Summit (WES) 2023 on Thursday, November 16, 2023 at the Event Centre, Nigerian Exchange Limited, 2/4 Customs Street, Lagos as top infotec experts…
Without subsidy, most Nigerians can’t afford cost of electricity – DisCos
The Association of Electricity Distributors of Nigeria (ANED) has said that without electricity subsidy, most Nigerians will not be able to afford the actual cost of power supplied them. This…