The federal government has categorised all electricity companies, including the Generation and Distribution Companies (GenCos and DisCos), as those exempted from the payment of Withholding Tax in the country. This was contained in the new Withholding Tax regulation document signed…
The monthly shortfall in revenue remittances to the power sector stands at N35bn, the Executive Secretary of the Association of Power Generation Companies, Joy Ogaji, said on Thursday. This amounts to N420bn yearly. APGC is the umbrella body of Nigeria’s…
By Ogaga Ariemu The Transmission Company of Nigeria (TCN) has said consumers of electricity should blame Generation Companies (GenCos) for the current load shedding being experienced nationwide. This was contained in a statement made available to Nigerian NewsDirect by the…
…DisCos must develop mechanism to manage energy theft — Ogaji Ariemu Ogaga and Uthman Salami Electricity Distribution Companies and Electricity Generation Companies have disagreed over effects of theft and meter bypass on their operations The DisCos had described energy theft, illegal…
The leadership of the Nigeria Labour Congress (NLC) has rejected the denomination of domestic gas pricing to GenCos in foreign currency. The NLC President, Mr Ayuba Wabba said this in a statement made available to Nigerian NewsDirect on Thursday in…
The privatisation of major national assets in Nigeria remains within the construct of conflicting subjects of interests when juxtaposition is made with the objectives of such arrangement and the outcome that accrued from the end results. The assessment of the…
The Bureau of Public Enterprises (BPE) has called on prospective investors to express interest in purchasing 100 per cent shareholding in any of the five power generation companies constructed under National Integrated Power Project (NIPP) listed for sale. It said this…
