PHCN Privatisation: Nigerians express hope for better days

PHCN Privatisation: Nigerians express hope for better days

As the privatisation process for the power sector is about to be concluded, a cross section of Nigerians expressed the hope for brighter days ahead. Some, who spoke to Sweetcrude, said they believe the privatisation of the sector would nip the problem of power in the bud.
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The ‘Gate’ of Umuahia

The ‘Gate’ of Umuahia

It is 12 noon this sunny afternoon in Umuahia, capital city of Abia State. The tricycle (popularly called keke) in which I am riding has suddenly screeched to a halt.

‘Oghiadomhe is Edo North PDP leader’

‘Oghiadomhe is Edo North PDP leader’

A group of political stakeholders in Edo North senatorial district, has dismissed, as inconsequential, a purported vote of no confidence passed on President Goodluck Jonathan’s Chief of Staff, Chief Mike Oghiadomhe, by some Peoples Democratic Party, PDP, members in the area and a publication to that effect.

Ford Global Week of Caring

Ford Global Week of Caring

Foremost Ford dealer, Coscharis Motors has put smiles on the faces of orphans at the Arrow of God Orphanage Home, Ajah, Lagos, by donating 50 bags of rice and undisclosed amount of money to mark the Ford Global Week of Caring in Nigeria.

Jonathan hands over PHCN to new owners amidst workers’ protest

Jonathan hands over PHCN to new owners amidst workers’ protest

After months of planning, President Gooduck Jonathan, yesterday, formally handed over the unbundled Power Holdings Company of Nigeria, PHCN, to private organisations that bought it, with a pledge that they would take over the companies without any liabilities.

Flood threat: Residents send S.O.S to Fashola

Flood threat: Residents send S.O.S to Fashola

AS Lagos State Government continues the massive reconstruction of drainage channels across the state, aimed at reducing incidents of flooding, residents of Agbado-Oke-odo Local Council Development Area, LCDA, have appealed to Governor Babatunde Fashola, to save them from impending danger being posed by a damaged link bridge in the community.

Regulators should stop punishing investors for the sins of operators

Regulators should stop punishing investors for the sins of operators

It used to be the norm in the banking industry until 2007, when the Central Bank of Nigeria and Nigeria Deposit Insurance Corporation (NDIC) used the Purchase and Assumption model for the resolution of problem in banks that lost their operating licence due to inability to meet the N25 billion new minimum capital base. Before then, whenever the CBN revoked the licence of a bank, depositors suffer.

Nigerian sports: Same old song

Nigerian sports: Same old song

As Nigeria rolls out the red carpet today to celebrate 53 years of independence, no other sector can boast of putting the west African state in the limelight as sports has done since she attained independence from Britain on October 1, 1960.

Independence Day triplets face bleak future

Independence Day triplets face bleak future

AS the drums roll out to mark Nigeria’s 53rd Independence Day anniversary, millions of Nigerians are heaving a sigh of relief and giving thanks for surmounting the travails of the past year, even as they look forward with greater expectation to another year of life as citizens of Africa’s most populous nation.

CBN disburses N109bn to support power reform

CBN disburses N109bn to support power reform

THE Central Bank of Nigeria (CBN) says it has disbursed over N109 billion to 20 companies in support of the ongoing power reform in the country. The CBN Governor, Malam Sanusi Lamido Sanusi, disclosed this in Abuja at a Special Forum on ‘Financing the Power Sector Reforms for Economic Development’.

New technology to curb oil spills

New technology to curb oil spills

RealSens is an automated remote meter reading (AMR) system, or more precisely, because of it’s fully two-way, remote meter reading capability, an advanced metering infrastructure (AMI) system.