15 results
- 18 Jan 2024
AEDC, Others Partner to Deliver Uninterrupted Power Solution in Abuja
Abuja Electricity Distribution Plc (AEDC), on Thursday, 18th January, 2023, consolidated its lead in the provision of integrated power solutions with the signing of a tripartite agreement with…
- 22 Jul 2024
AEDC Rejigs Management Team; Appoints Chijoke Okwuokenye as MD/CEO
Abuja Electricity Distribution Company (AEDC) has announced the appointment of Engr. Chijioke Okwuokenye as the acting Managing Director, with immediate effect. Engr. Chijioke Okwuokenye This…
- 8 Dec 2021
UBA Takes over AEDC over Failure of KANN Consortium to Service Debt
Nigeria Electricity Regulatory Commission (NERC) and the Bureau of Public Enterprises (BPE) have approved the takeover of Abuja Electricity Distribution Company (AEDC) by the United Bank for Africa…
- 5 May 2018
Abuja Disco Sacks 500 Staff
No fewer than 500 workers of the Abuja Electricity Distribution Company (AEDC) have been sacked by the management of the organisation. Some of those sacked were said to be senior staff and…
- 29 May 2024
Transcorp Group Posts N142 Billion Revenue, N58.8Bn PBT, Celebrates 10 year’s unbroken Dividend payment
Transnational Corporation Plc (Transcorp Group), Nigeria’s leading listed conglomerate, announced 57% revenue growth, from N90.3 billion in 2022 to N142.1 billion in 2023, at its 18th Annual General…
- 31 Oct 2013
UBA Grows Loan Book By 26.7%, Income Hits N48Bn
United Bank for Africa Plc (UBA) has released its nine months financial results, showing a significant 26.7% growth in loan portfolio, as the bank positions to take advantage of emerging…
- 20 Aug 2024
Transcorp Power Plc Taps Christopher Ezeafulukwe As Non-Executive Director
Transcorp Power Plc has notified the investing public of significant changes to its Board of Directors. Mr. Christopher Ezeafulukwe has been appointed as a Non-Executive Director. This appointment…
- 19 Apr 2013
FG Targets $2.6Bn from Sale of Power Assets
Bureau of Public Enterprises (BPE) is expected to generate over $2.6 billion for the federal government in the 2013 fiscal year through the sale of power assets. Already, the potential core…
- 13 May 2015
AfDB Supports Indigenous Power Investors in Africa
The Board of Directors of the African Development Bank (AfDB) approved $50 million investment in CEC Africa Investments Limited, a multinational power company headquartered in Nigeria and Zambia. CEC…
- 21 Jul 2026
FG Clears Power Sector Debt as N333bn Paid to GenCos, N729bn Bond Issued
Federal Government has announced the disbursement of about N333 billion to eight electricity generation companies (GenCos) as part of measures to resolve outstanding debts in the power sector. The…
- 22 Oct 2025
Elumelu Underscores Critical Role Of Private Sector As Engine Of Transformation
Group Chairman, United Bank for Africa (UBA) Plc, and Heirs Holdings Limited, Tony Elumelu, CFR has challenged African policymakers to create environments that reward enterprise and unlock the…
- 17 Sept 2014
NBET Appoints Stanbic IBTC to Handle Settlements
Nigerian Bulk Electricity Trading Plc (NBET) has appointed Stanbic IBTC as the payment management services provider, or payment agent, to the Bulk Trader. According to officials, the process took…
- 4 May 2026
Court Remands Ayeni, Ex-Skye Bank Chair over Alleged N8Bn Money Laundering Charges
Tunde Ayeni, a businessman and former chairman of the defunct Skye Bank Plc, has been remanded at the Kuje Correctional Centre in Abuja. Tunde Ayeni Ayeni was arraigned on Monday at the Federal…
- 28 Dec 2021
Transcorp Hotels Appoint Bola Onagoruwa as an Independent Non-Executive Director
The Board of Transcorp Hotels Plc. Nigeria’s leading hospitality brand and owners of the award-winning Transcorp Hilton Abuja, Transcorp Hotels Calabar, and online booking platform for accommodation,…
- 24 Apr 2026
EFCC Detains Ayeni, Ex-Skye Bank Chairman over Alleged N36.5Bn, $30m Fraud
Economic and Financial Crimes Commission (EFCC), has detained Tunde Ayeni, former chairman of defunct Skye Bank Plc, for alleged fraud involving N36.5 billion and $30 million. Tunde Ayeni, former…