Day: January 9, 2024

Why NERC Sacked Kaduna Disco’s Board + The N100bn Debts Deal

Abibat Babalola

The Nigerian Electricity Regulatory Commission (NERC) has dissolved the board of Kaduna Electricity Distribution Company plc (KAEDC)  because it has failed to offset a debt of N110 billion owed the Nigerian Bulk Electricity Trading Plc (NBET) and the Market Operator (MO). The final sack of the KAEDC board is coming about nine months after the electricity sector regulator notified the company of its intention to “cancel its licence” after 60 days, at the time, over its growing liabilities. According to NERC, after a performance review, the Disco only achieved a…

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PHOTO NEWS: Alake Leads Nigeria’s Delegation To Saudi For Mining Sector Devt

Ganiyu Amodu

Mining Sector Development: Minister of Solid Minerals Development, Dr. Dele Alake led the Nigerian delegation to a bilateral meeting with the Saudi Arabia Minister of Industry and Mineral Resources, Bandar AlKhorayef, alongside the Vice-Minister, Mining Affairs, Eng. Khaled AlMudifer on the sidelines of the Future Minerals Forum (FMF) in Riyadh, Saudi Arabia. 8th January, 2024.

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‘With Immediate Effect,’ Tinubu Sacks BPE, FCCPC CEOs, Gives Reasons

Ganiyu Amodu

President Bola Ahmed Tinubu has sacked Mr. Babatunde Irukera — EVC/CEO, Federal Competition and Consumer Protection Commission (FCCPC), and Mr. Alexander Ayoola Okoh — Director-General/CEO, Bureau of Public Enterprises (BPE). Media Aide to the President, Ajuri Ngelale, who confirmed this in a statement, noted that the action was “in conformity with plans to restructure and reposition critical agencies of the Federal Government towards protecting the rights of Nigerian consumers and providing a strong basis for enhanced contributions to the nation’s economy by key growth-enabling institutions.” READ ALSO Sexual Scandal: Court…

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