Monday, September 16, 2019

Tag "DISCOS"

    New electricity tariffs to take effect from Feb

New electricity tariffs to take effect from Feb

Sam Amadi, chairman of the Nigerian Electricity Regulatory Commission (NERC), has revealed that the new tariff approved by the commission, would not be effective until February, 2016.Speaking in an interview with Channels Television on Thursday, Amadi said power distribution companies (DISCOs), from now till the beginning of February to meter consumers to ensure appropriate billing.In a statement earlier issued by the [...]

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    PHCN ‘asks’ gencos to generate less electricity

PHCN ‘asks’ gencos to generate less electricity

Transcorp Ughelli Power Plc (Transcorp Power) has alleged that the Power Holding Corporation of Nigeria (PHCN) sometimes asks electricity generating companies (gencos) to generate less electricity for Nigerians.The genco, which is a subsidiary of Transnational Corporation of Nigeria Plc (Transcorp), said the PHCN, through its National Control Centre (NCC), often gives these directives due to the inability to transmit the [...]

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    Revive transport sector, but Nigerian Airways? No way!

Revive transport sector, but Nigerian Airways? No way!

Members of the ongoing National Conference on Tuesday voted against any plan to either revive the defunct Nigeria Airways or set up any other national airline in response to the report of the Committee on Transport during their sitting in Abuja.The committee had recommended that the three parastatals in the aviation industry — Federal Airports Authority of Nigeria (FAAN), Nigerian [...]

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    110mw Ajaokuta power plant to come alive again

110mw Ajaokuta power plant to come alive again

Ajaokuta Steel Company Ltd (ASCL) has signed a Memorandum of Understanding (MoU) with 3D-High Tech Systems Ltd, for the reactivation of its 110MW thermal power plant.Signing on Friday on behalf of the company, Joseph Onobere, sole administrator of ASCL revealed that the objective of the MoU is to generate energy for the steel plant and for sale to the national [...]

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Exchange Rates

September 13, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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