GENCOs, DISCOs at war over mounting debts

GENCOs, DISCOs at war over mounting debts

QUOTE The DISCOs have blamed their inability to meet their financial obligations in the electricity value chain on      - non-reflective tariffs,      - vandalism,      - low power generation,      - inability to access credit facilities from the banks  (already have N3 trilli...
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THE NATION May 29, 2017 How Over N400b Debts by DisCos Crippled GenCos There are fresh insights as to why the operations of the different power generation companies (GenCos) across the country have been rendered prostrate. The Nation can authoritatively report that th...
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DisCos fail to settle N243bn GenCos’ debts

DAILY TRUST   DisCos fail to settle N243bn GenCos’ debts By BusinessNews Staff on February 15, 2017 The 11 electricity Distribution Companies (DisCos) operating in Nigeria have not settled a debt of N243bn for power supplied by 25 Generating Companies (GenCos) as at the end of 2...
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Fate of a varsity – Plateau University, Bokkos

Fate of a varsity - Plateau University, Bokkos

THE SUN   Fate of a varsity — 23rd May 2017 ■ Uneasy calm at Plateau University, Bokkos, as institute  operates for 12 years without course accreditation, holds first convocation since inception From Gyang Bere, Jos Since the creation of Plateau State University, Bokkos, by ...
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‘How Nigeria can fix power sector’ – Green Elec President Marcel Hochet

THE NATION ‘How Nigeria can fix power sector’ Posted By: AKINOLA AJIBADE On: May 29, 2017 In: CEO How can Nigeria’s endemic power problem be resolved? By increased investment in renewable energy, gas pipelines, power plants and transmission network, among others, say...
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Senate Scraps NNPC, others in New Petroleum Industry Governance Bill

May 26th, 2017 // // Nigeriawatch

SUMMARY   PIGB:     NNPC  ====================>     NPC: National Petroleum Company                                                                                                      and                       ...
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Senate says power privatisation has failed, mulls review

May 26th, 2017 // // Nigeriawatch

PUNCH   Senate says power privatisation has failed, mulls review Published May 25, 2017 Senate President Bukola Saraki Leke Baiyewu, Abuja Senators on Wednesday strongly criticised the privatisation of the power sector, saying the model adopted in the transfer of t...
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Nigeria’s telecom consumers spent $6.6 billion in 2016, $5.6 in 2015 – NCC

May 26th, 2017 // // Nigeriawatch
Nigeria’s telecom consumers spent $6.6 billion in 2016, $5.6 in 2015  – NCC

PREMIUM TIMES Nigeria’s telecom consumers spent $6.6 billion in 2016 – NCC March 15, 2017Agency Report Nigerian telecom consumers spent a $6.6 billion in 2016, Umar Danbatta, the Executive Vice Chairman, Nigerian Communications Commission (NCC), has said. Mr. Danbatta disclosed...
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King Sunny Ade and the Orpheus option – By Dare Babarinsa

May 25th, 2017 // // Entertainment

King Sunny Ade and the Orpheus option By Dare Babarinsa | 24 May 2017 THE GUARDIAN Juju music is the wine of Nigerian parties and no one serves it better than the maestro himself, King Sunny Ade. On Saturday, May 20, King Sunny Ade was again on the band stand with his men, dishing it out to th...
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Protest at Otuoke Fed varsity over appointments

THE NATION Protest at Otuoke Fed varsity over appointments Posted By: Mike a Odiegwu, Yenagoa On: May 25, 2017 In: News Protesters have disrupted academic activities at the Federal University in Otuoke, former President Goodluck Jonathan’s hometown, in Ogbia Local Governme...
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