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FG sets final takeover condition for PHCN buyers

Prospective buyers of Power Holding Company of Nigeria (PHCN) successor companies will now negotiate terms to complete the transfer from state hands, before being required to pay the remaining money for the plants and distribution firms they emerged preferred bidders. A Presidency source revealed at the weekend that the government has begun negotiation of these … Continue reading

As Police Week ends, Jonathan commissions helicopters, APCs

President Goodluck Jonathan on Monday commissioned the newly-acquired seven police helicopters, 17 Armoured Personnel Carriers and hundreds of patrol vehicles in furtherance of his administration’s resolve to combat crime and insecurity. Speaking at the Eagles Square, Abuja, venue of the grand finale of the 2013 Nigeria Police Week on the theme: “Connecting with the people … Continue reading

Kaduna earmarks N250m for youth empowerment

[Punch] Kaduna State Government has earmarked N250m for the empowerment of youths in the state. The state governor, Mukhtar Yero, stated this at the 25th Global Youth Service Day in Kaduna on Saturday. The conference entitled ‘Youth, Insecurity and National Development’, was organised by the National Youth Action for Development and Empowerment, and Journalists against … Continue reading

Photonews: Flag-off of the construction of Mbaise-Ngwa road

Arc Mike Onolememen flanked by Senator Chris Anyanwu and HRH Eze Chidume Okoro (Eze Owerri Gburugburu) during the flag-off of the construction of Mbaise-Ngwa road in Imo state today Tony Ikpasaja‘s photo.

TCN commissions new transmission sub station in Kano

Abuja, April 26, 2013 (NAN) The Transmission Company of Nigeria (TCN) said on Friday that it had commissioned a new 80 MVA Transmission Substation in Tamburawa, Kano. This is contained in a statement signed by Mr Dave Ifabiyi, the Assistant General Manager (Public Affairs) of the company. The statement said that the TCN completed and energised the … Continue reading

Nigeria: The Politics of the Power Sector – Favour B. Afolabi

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We will pass PIB that will stand test of time – Dakuku

Rep. Dakuku Peterside, the Chairman North West zone on the Public hearing on the Petroleum Industry Bill, PIB, said the House would pass a bill that would stand the test of time. Dakuku (PDP-Rivers) gave this assurance at the State House, during a courtesy visit to the Governor, Alhaji Ramalan Yero, in Kaduna on Monday. … Continue reading

Implementation of Nigerian Content retains $380bn capital

*Saves two million jobs 23 April 2013, Lagos – The implementation of the Nigerian Content Act, by the Nigerian Content Development and Monitoring Board, NCDMB, has saved Nigeria a capital flight of about $380 billion and a job loss of two million in the oil and gas sector. The Executive Secretary of NCDMB, Mr. Ernest … Continue reading

Govt to conclude PHCN workers’ severance pay in June

The Federal Government is to settle all outstanding severance payments of the Power Holding Company of Nigeria, PHCN, workers before the end of June, this year, according to Minister of Power, Professor Chinedu Nebo. Nebo stated this at the Presidential Power Reform Transaction Signing ceremony in Abuja, Monday, where he also disclosed that power generation … Continue reading

Nigeria hands over electricity assets to 15 private firms

* Africa’s 2nd biggest economy has had decades of blackouts * Privatisation aims to revitalise moribund sector ABUJA, April 22 (Reuters) – Nigeria’s President Goodluck Jonathan signed deals on Monday handing over state electricity assets to 15 bidding companies, a milestone in a privatisation process meant to end decades of power blackouts. The handover in … Continue reading

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