NELMCO Verifies PHCN Outstanding Liabilities

THE Nigeria Electricity Liability Management Company, NELMCO, Limited, in collaboration with the ministry of power, office of the accountant general of the federation and debt management office, have effectively verified the factual status of an outstanding N4.62 billion worth of liabilities …

BPE Pays 98% of Defunct PHCN Staff

BENJAMIN Ezra Dikki, director general of the Bureau of Public enterprises, BPE, has informed members of the National Union of Electricity Employees of Nigeria, NUEE, that 46,744 out of the 47,913 bonafide staff, representing 98 percent of the workforce of the defunct Power Holding …

NCP Pays N373billion to PHCN Staff

The implementation committee on the payment of severance package set up by the National Council on Privatisation pays a total of N373,170,291,200.38 to former staff of PHCN as their entitlements …

Nigeria loses $287 million Monthly in Oil Contracts

THE Bureau of Public Enterprises, BPE, has said that $113 billion needed to be injected into the country to fix three critical sectors of the economy in order to put it in the right direction. Benjamin Dikki, director general, BPE said Nigeria required the amount in six years for the development of three critical …

A Matter of Semantics

– THE federal government has not increased electricity tariffs since 2011. According to the Nigerian Electricity Regulatory Commission, NERC, the […]

Power Generation Drops

– The Transmission Company of Nigeria has admitted that power generation in the country  dropped from 3,463 megawatts  in March […]

Pay Your Bill Or…

– The Nigerian Electricity Regulatory Commission mandates power sector distribution companies to disconnect government agencies that default in settling their […]