President Goodluck Jonathan's first Easter Sunday service and celebration in Lagos, Nigeria's commercial city was marred by an embarrassing power outage at the Our Savour's Church Marina, where the President worshipped. The President speech was interrupted as the power outage occurred while he was delivering his speech to the congregation. He was talking about his administration's restructuring of the Niger ...

The federal government has offered to sell the Omotosho Power Station to Chinese engineering firm that upgraded the plant, the Bureau of Public Enterprise (BPE) stated.  State-owned China Machinery Engineering Corporation (CMEC) completed the second phase of the Omotosho power plant in southwest Nigeria last month, taking total output from 375 megawatts (MW) to 500 MW. This represents more than 10 percent o ...

Five staff of the Power Holding Company of Nigeria (PHCN) on Wednesday urged the Appeal Court in Lagos to halt their ejection from a PHCN property forfeited to the federal government by former Managing Director of Oceanic Bank, Mrs. Cecilia Ibru. The workers, in a notice of appeal, faulted Justice Okechukwu Okeke of the Federal High Court in Lagos for refusing to vacate his earlier order granting leave to t ...

The Bureau of Public Enterprises (BPE) on Thursday confirmed the receipt of the sum of $559,445,573.96 from 14 bidders for 15 Power Holding Company of Nigeria (PHCN) successor companies. The confirmation, which was contained in a statement issued by the BPE, came ahead of Thursday’s deadline for preferred bidders for the successor companies to make the mandatory 25 percent payment of the offer value of thei ...

The House of Representatives on Tuesday suspended its proceedings due to erratic power outage at the National Assembly complex. A committee of the house was set to consider a report submitted by the Ndidi Elumelu-led Committee on Health. The Committee on Health had added its input into the Bill for an Act to repeal the National Health Insurance Scheme Act, before its presentation to the house. But midway in ...

Efforts to clear the huddles hampering the successful privatization of the Power Holding Company of Nigeria (PHCN) appears to be yielding fruit, as the Federal Government has approved the immediate payment of the agreed entitlements of the staff of the PHCN. Briefing state house correspondents after the Federal Executive Council meeting in Abuja, the Minister of Labour; Emeka Wogu enjoined the labour union ...

The Acting Director-General of the Bureau for Public Enterprises (BPE); Mr Benjamin Dikki has confirmed the receipt of bank guarantees for 15 per cent of transaction value from preferred bidders of Power Holding Company of Nigeria (PHCN) successor companies. At a pre-negotiation meeting with the preferred bidders in Abuja, Mr Dikki said that the payment of the guarantees affirm that all the preferred bidder ...

The prolonged labour crises between the National Union of Electricity Employees (NUEE) and the Federal Government which began since 2010 has finally been resolved as both parties agreed that total accrued pension as at June 30, 2007 shall be paid. The payment was agreed to be in accordance with the 2010 conditions of service of the Power Holding Company of Nigeria (PHCN). The resolution meeting which took p ...

The Chairman of the House of Representatives Committee on Power has queried the decision of the executive to make zero allocation for generation and distribution companies in the 2013 budget. Speaking with journalists in the national assembly, the chairman, Representative Patrick Ikhariale, said the zero allocation could create a gap in the provision of electricity to Nigerians in 2013. He also expressed hi ...

Nigerian politicians have been enjoined to imbibe sportsmanship attitude and that parties should use the convention system of the Republican and Democrat parties to unveil new and young leaders ahead of the nation's election. These were part of the submissions of analysts on our weekend show, Sunrise which sought to discuss lessons learnt from the just concluded presidential election in the United States. A ...