Tuesday, August 7, 2018

Tag "NDPHC"

    Reps panel probes $1.9bn ‘missing’ shares at NDPHC

Reps panel probes $1.9bn ‘missing’ shares at NDPHC

A house of representatives ad hoc committee says it has uncovered $1.9 billion shares unaccounted for at the Niger Delta Power Holding Company (NDPHC).The committee, led by Darlington Nwokocha, was set up to investigate alleged constitutional breaches and financial infractions at the NDPHC totalling $30 billion.At its continued hearing on Monday, the lawmakers expressed disappointment that the key management staff [...]

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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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    ‘Nigeria losing millions of naira to non-evacuation of generated power’

‘Nigeria losing millions of naira to non-evacuation of generated power’

The Niger Delta Power Holding Company Limited (NDPHC) on Thursday said it was losing several millions of naira on power it generated but could not be evacuated by distribution companies.Yakubu Lawal, spokesman of NDPHC, said this during an interview with NAN.“NDPHC has capacity to generate more power but cannot generate according to its capacity because distribution companies do not have [...]

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Exchange Rates

August 06, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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