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ASSURANCE: FEC approves N701b payment guarantee for GENCOs

March 2, 2017Ayo Olowo

The Federal Executive Council (FEC) on Wednesday approved a payment guarantee assurance by the CBN for power generating companies (GENCOS) to solve liquidity problems in the energy sector. The Minister of Works, Power and Housing, Mr Babatunde Fashola, who announced this to State House Correspondents, said the CBN would hold N701 billion for regular payment […]

Patronise local meter manufacturers, Fashola advises DISCOs

June 13, 2016Ayo Olowo

The Minister of Power, Works and Housing, Mr Babatunde Fashola, on Monday advised Distribution Companies (DISCOs) to patronise local meter manufacturing companies in the country. He gave the advice while inaugurating the Mass Meter Deployment programme in Kano on Monday. The minister said such patronage was necessary to encourage the production of meters by the […]

Tag: DISCOs

ASSURANCE: FEC approves N701b payment guarantee for GENCOs

Patronise local meter manufacturers, Fashola advises DISCOs

CBN Orders Immediate Freeze of Accounts Linked to Terrorism Financing

Full Result: INEC declares Oyebanji winner of Ekiti governorship election

World Cup: Japan send Tunisia packing as Caracao grab historic draw

Orette Propagates Democratic Ideals

Troops Foil IED Attacks, Kill Insurgents in North-East Operations

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