18 results
- 21 Mar 2013
Jonathan Issues $8Bn NIPP Share Certificates to States
President Goodluck Jonathan yesterday presented national integrated power project (NIPP) share certificates to representatives of the 36 state governments and the Federal Capital Territory (FCT) in…
- 25 Feb 2013
FG Begins Evaluation of NIPP
Alhaji Namadi Sambo, vice-president and chairman of the board of directors of the Niger Delta Power Holding Company (NDPHC), has set up a special project evaluation team for the National Integrated…
- 24 Sept 2014
Gas Shortage Stalls NIPP’s Privatization –BPE
Mr. Benjamin Dikki, director general of the Bureau of Public Enterprises (BPE), has said that gas shortage rather than politics is responsible for the delay in the conclusion of the privatization of…
- 2 Jan 2013
FG to Borrow $1.15Bn to Boost Power-Maku
The Federal Government is to borrow $1.15 billion for its power reforms this year just as the Niger Delta Power Holding Company (NDPHC) which supervises the National Integrated Power Projects (NIPP),…
- 13 Jun 2013
Nebo, Minister of Power in London, Woos Investors
Chinedu Nebo, minister of Power, has said that the divestment of its 80 per cent stake in 10 National Integrated Power Projects (NIPP), when concluded, will overtake gains of the telecommunications…
- 19 Jun 2013
BPE Seeks Investors for $8B Power Plants
Shortlisted bidders for the Bureau of Public Enterprises/Niger Delta Power Holding Company (NDPHC) joint sale transaction process for the sale of 10 National Integrated Power Project (NIPP) power…
- 2 Jun 2015
How and Why Goodluck Failed to Fix Electricity
Prof. Chinedu Nebo, former minister of Power, has asked the new government to wield the big stick which the immediate past government could not muster to deliver reliable electricity power…
- 12 May 2013
Rapid Population, Poor Infrastructure Bane of Public Power Supply-Nebo
Nigeria’s generation and distribution companies are channelling their efforts into boosting the country’s electricity capacity as part of a drive to encourage greater private sector participation in…
- 30 Apr 2012
Hopes of Steady Power Supply Fades as FG Courts $20Bn Investment
Nigeria’s erratic public power sector would require an additional capital investment inflow of about $20 Billion over the next 36 months to maintain a steady output, dashing hopes of any quick fix to…
- 4 Jan 2018
Nigeria’s Power Grid Shut down by Gas Pipeline Fire
Nigeria’s electricity grid has been shut down by a fire on a gas pipeline, the ministry of power said in a statement on Wednesday. It was learnt that the collapse was due to a fire incident on the…
- 8 Jan 2018
Eko Disco Tenders Apology to Residents Over Power Outage
Eko Electricity Distribution Company (EKEDC) has apologised to its consumers over the irregular power supply currently being experienced. Mr Godwin Idemudia , General Manager, Corporate…
- 22 Sept 2014
Fears of Banking Crisis over Bad Loans
Some banks in the country are reportedly not making adequate provisions for bad and doubtful loans in their books as mandated by the Central Bank of Nigeria (CBN) and the development may…
- 29 Sept 2013
FCMB Commits to Power Sector Development
FCMB Group has reaffirmed its commitment towards providing the necessary support to ensure the successful implementation of the ongoing reforms in Nigeria’s power sector. This, it stated, is in line…
- 21 Mar 2013
FG to Share $2Bn Oil Money with States, LGs
The National Economic Council has approved the sharing of between $1billion and $2billion from the excess crude account amongst the federal, state and local governments. Godswill Akpabio, governor of…
- 17 Jul 2015
₦11.56 Trillion Excess Crude Fund Develops Wings in 8 Years- Premium Times
At least N11.55 trillion or $84.52 billion expected revenue into the coffers of the nation’s Excess Crude Account for the eight-year period from 2007 to 2014 are unaccounted for, according to…
- 6 Sept 2016
CBN to Sanction Banks over Power Fund
Central Bank of Nigeria (CBN) has threatened to sanction any of the participating deposit money banks that contravenes the terms and conditions of the Nigerian Electricity Market Stabilisation…
- 6 Feb 2014
Jonathan Convenes Power Financing Confab @ Aso Rock
President Goodluck Jonathan has convened an International Conference aimed at facilitating financing of power infrastructural development in Nigeria scheduled to hold on Monday, February 10, at the…
- 13 Jun 2014
FG Plans $1.6Bn Investment in Power Transmission
Federal Government on Thursday said it would invest 1.6 billion dollars to upgrade and expand the power transmission network. Prof. Chinedu Nebo, minister of Power, made this known when a…