One of the ways of inreasing generation caapacity, thereby, improving on electricity supply and delivery in the country, is through embedded power production, the Nigerian Electricity Regulatory Commission, NERC, has said.

Power Holding Company of Nigeria, PHCN Orile Business District, has nabbed two suspected vandals who tried to cart away equipment worth millions of naira belonging to the National Integrated Power Project (NIPP).

Sterling Bank Plc over the years has demonstrated ability for consistent growth and steady returns on investments for its shareholders. This uniqueness was once again confirmed by its operating report for the year ended December 31st 2011, which shows a generally positive performance outlook as the bank’s sustained focus on quality growth and gains from successful merger and divestments impacted positively on profit and loss accounts as well as balance sheet positions.

As part of its support for cash less economy being canvassed by the Central Bank of Nigeria (CBN), Ecobank has launched a new electronic banking platform designed to provide cash management solutions for corporate entities, just as its total assets rose to $17.8 billion.

When the Nigeria Rural Electrification Programme was launched in 2005, the Federal Government aimed to connect about 1,500 communities to the national grid by 2007, and to achieve 85 percent electrification by 2010 (compared to 40 percent in 2005).