Friday, January 18, 2019

Tag "Chiedu Ugbo"

    DisCos have ‘lived below expectation’

DisCos have ‘lived below expectation’

Electricity distribution companies (DisCos) in the country have performed below expectation five years after the privatisation of the power sector.Chiedu Ugbo, managing director of Niger Delta Power Holding Company (NDPHC), made this known while speaking at the Nextier Power Dialogue in Abuja.He said the 11 DisCos have still not met their various performance agreements since they took over the power [...]

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    EXCLUSIVE: Infighting rocks Niger Delta power company over mega contracts

EXCLUSIVE: Infighting rocks Niger Delta power company over mega contracts

The Niger Delta Power Holding Company (NDPHC) -- one of Nigeria's biggest hopes of attaining steady power supply -- is in the throes of serious infighting over allegations ranging from fraudulent award of multibillion naira contracts to insubordination.At the centre of the biggest allegations is one Nkechi Mba, the general manager of procurement.In a petition addressed to the house of [...]

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    CLOSE-UP: ‘NEPA lawyer’, electricity industry reformer… Here’s Ugbo, new MD of NDPHC

CLOSE-UP: ‘NEPA lawyer’, electricity industry reformer… Here’s Ugbo, new MD of NDPHC

President Muhammadu Buhari on Wednesday appointed Chiedu Ugbo managing director of the Niger Delta Power Holding Company (NDPHC).​Ugbo is a lawyer who is well-versed in the power industry.Bolaji Adebiyi, director (press)‎ at the office of the secretary to the government of the federation, announced his appointment in a statement.He also said that the president appointed two directors in the company."His [...]

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    FG dissolves management of Niger Delta Power Holding Company

FG dissolves management of Niger Delta Power Holding Company

The federal government has dissolved the executive management of the Niger Delta Power Holding Company of Nigeria Limited (NDPHC) led James Abiodun Olotu.BabachirLawal, secretary to the government of the federation, disclosed this in a statement, saying the sack takes immediate effect.While Olotu was asked to hand over to Chiedu Ugbo, all executive directors were asked to hand over to the [...]

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Exchange Rates

January 16, 2019USDGBPEUR
INTERBANK306397354
LAGOS362463411
KANO361465413
PH361462412
ABUJA362462413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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