DISCOs Halt Investment in Electricity Assets

ELECTRICITY distribution companies in the country are finding it increasingly difficult to meet their operational payment obligations to the federal government. According to the DISCOs, the development has led to a halt in investments in electricity distribution assets. …

Cement Company Invests $600M in Power Plant

THE Cement Company of Northern Nigeria, CCNN, Sokoto, is to invest about $600 million to build an additional power plant to make it self-sufficient in power supply to enhance its production capacity. The company that is currently generating 12MW of electricity is building the new plant …

PENGASSAN Wants Buhari to Shun Importation of Fuel

THE Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has called on President Muhammadu Buhari to ensure that the focus of the deregulation of the downstream sector of the petroleum industry is based on local refining of products rather than importation. The union …

Power Firms Declare Force Majeure

THE Bureau of Public Enterprises, BPE, has said that some electricity Distribution Companies, DISCOs have declared force majeure over tariffs and insurgency in the country. Alex Okoh, head of public communications, BPE, who said this in a statement on Tuesday, May 26, also disclosed that the …

12 Presidential Candidates Missing in Action

When the names of presidential candidates for this year’s elections were released in December 2014, there were 14 names on the list; but since the campaign started only two candidates appear to be visible on the scene, thereby raising questions about the fate of the remaining 12 presidential …

FG to Buy Prepaid Meters

The federal government is to buy one million metres which will be given to power consumers to reduce the complaints over crazy estimated billing …

FG Inaugurates New Textile Policy

THE federal government has inaugurated a national cotton, textile and garment policy targeted to realise $3 billion annually from textile exports. The policy is also expected to raise seed cotton production from 200,000 metric tonnes in 2003 to more than 500,000 MT by the end of this year. …