Manufacturers to build power plants in 28 business clusters

The Manufacturers Association of Nigeria (MAN) has embarked on the construction of power plants in all the 28 business clusters around the country. This, according...

Concerns over Sapele GENCO’s fate in PHCN assets privatisation

Privatisation of major power assets, spearheaded by the Bureau of Public Enterprises (BPE), has been largely successful, culminating in the sale of six generating...

Only a few PHCN workers had been paid severance benefits — SSAEAC

Senior Staff Association of Electricity and Allied Companies, SSAEAC, has dismissed government claims that most of the workers of Power Holding Company of Nigeria,...

PHCN privatisation: PDP chief warns against erosion of investors’ confidence

A stalwart of the ruling Peoples Democratic Party (PDP), Dr. Katch Ononuju, has criticised the  privatisation  of key power assets  by the Bureau of...

Why Oando is investing in the power sector

Oando Gas and Power (OGP) realises the correlation between electricity and the development of any society, and it is this reason that made it...

Privatisation of GENCOs, DISCOs marks new beginning

Mr. Femi Salami who lives in Ikosi area of Ketu, Lagos has not witnessed consistent supply of electricity in the past six months. Despite...

World Bank pledges $1.4m for Nigeria’s power, infrastructure

The World Bank has pledged to support Nigeria’s power sector and infrastructure development with about $1.4m, the Minister of Finance, Dr. Ngozi Okonjo-Iweala, announced...

FG to realise $3bn from PHCN’s sale – BPE

Over $3bn is expected from the sale of 17 successor companies carved out from the Power Holding Company of Nigeria, Director General of the...

Consumers berate PHCN over pre-paid meters

Some industrialists in Lagos have criticised the Power Holding Company of Nigeria, PHCN, for failure to supply them pre-paid meters after they had applied...

FG begins full payment to 38,000 PHCN workers

The full payment of entitlements to 38,000 workers of the Power Holding Company of Nigeria, PHCN, has commenced. The Director General the Bureau of Public...

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