FAAC shares N2.43trn among FG, states, LGs
•As CIT, CGT, stamp duties, VAT collections decline By Emma Ujah The Federation Account Allocation Committee (FAAC) has shared N2.428 trillion among the three tiers of government, Federal Government, state governments and local government councils. This comes as collections from Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties and Value Added Tax (VAT) […]
Global funding of solar sector hits $12.8bn in 2017 – Report
Globally, corporate funding into solar sector in 2017 experienced some growth amounting to $12.8 billion which represented a 41 per cent jump over the previous year.
FG’s N701bn saved power sector from total collapse – Ugbo
For the N701 billion intervention funds granted the Power Generation Companies, GENCOs, by the Federal Government early last year, the power sector would have experienced total collapse, Managing Director of Niger-Delta Power Holding Company, NDPHC, Mr. Chiedo Ugbo has said.
Power: AfDB to invest $30m in off-grid energy
The African Development Bank (AfDB) has formed partnerships with Calvert Impact Capital (CIC), Global Environment Facility (GEF) and the Nordic Development Fund (NDF) to drive investments in off-grid energy across Africa.
Oilserv donates 66kVA generating set to Mopol 25, Azumini
As part of its Corporate Social Responsibility, Oilserv Limited, has donated a 66KVA generating set to the MOPOL 25, Azumini in Ukwa West Local Government Area of Abia State.
EEDC emerges first in 2017 NEMSA safety ranking
The Enugu Electricity Distribution Company (EEDC) has emerged overall first position in the 2017 Nigerian Electricity Management Services Agency (NEMSA) Safety ranking, indicating a leap from its fifth position in the 2016 NEMSA Safety ranking.
