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Posted By Admin on 11th Sep 2017   

Every innovative bank keeps an eye on its operational costs. It is not just enough to declare huge earnings. What matters is how such earnings are retained as profit at the end of each financial year, The Nation reports But…

Posted By Admin on 8th Sep 2017   

Enugu Electricity Distribution Company (EEDC) recently lost over 10 electricity transformers due to activities of vandals, the company’s Head of Communication Mr Emeka Ezeh, has said. Ezeh told newsmen in Enugu on Wednesday that the transformers were lost within the…

Posted By Admin on 8th Sep 2017   

Egbin Power Plc has unveiled plans to invest $1.2 billion (N432 billion) for the construction of 1,575 Mega Watts in Nigeria.The plant which is expected to be completed by 2020, is expected to increase the supply of electricity to homes…

Posted By Admin on 8th Sep 2017   

WITH the increased demand for electricity fueled by population growth and rising urbanisation in the country, stakeholders in the power sector have said that the Distribution Companies, DISCOs, lack the capacity to wheel 6500 megawatts (mw) of electricity transmitted to…

Posted By Admin on 6th Sep 2017   

Nigeria has approved the construction of a $5.8 billion hydroelectric power plant by a Chinese state firm, the power minister said on Wednesday, the latest in a series of Chinese deals since the project was first envisioned decades ago, Reuters reports. The…

Posted By Admin on 6th Sep 2017   

The National Council on Privatisation (NCP), which is chaired by the Vice President Yemi Osinbajo, SAN, has approved the commencement of the privatisation of Afam Power plants 1-5, Leadership reports. The approval, according to a statement by Osinbajo’s spokesman, Mr. Laolu Akande,…

Posted By Admin on 6th Sep 2017   

  Aside from the massive recurrent national grid investments in Nigeria running into several billions of the United States dollar, the country is said to be spending N5tn ($14bn) on off-grid diesel generation yearly, The Punch reports. Off-grid diesel generation refers to…