Tag: Economy

Accuse FG of unfair practices, refusal to pay for power generated Allege favouritism towards 2 coys in gas supply The power crisis in the country may worsen as the Power Generation Companies in Nigeria, GENCOs, have dragged the Federal Government before a Federal High Court sitting in Abuja, over alleged preferential treatment to two of its competitors with intent to harm their business interests. The GENCOs, which said members were on the verge of collapse over debts in excess of N1 trillion currently generate 80 per cent of the power consumed in Nigeria. They accused the Federal Government of giving preferential treatment to Azura Power West Africa Limited and Accugas Limited to the detriment of the Nigerian Electricity Supply Industry and the power sector as a whole. ...

Nigerian authorities have notified the management of MultiChoice DSTV/GOTV that their operations in Nigeria will come to an end in 2019 as their license expires June next year. According to a letter to that effect (seen by Daily Times reporter) issued on Tuesday by the Nigerian Broadcasting Corporation(NBC), the license issued to them in 2014 by NBC will not be renewed because it was not in line with Digital Switch Over (DSO) White Paper. If Multichoice DSTV/GOTV will ever operate in Nigeria again after expiration of its license, the only option left for them is to go to licensed Signal Distribution company, that is Pinnacle Communications Ltd or ITS. GOTV has been accused of being used as a conduit to siphon foreign exchange from Nigeria by its parent company, South African Multi...

Nigeria: Electricity Firms Drag FG to Court over N1 trn Debt

Nigeria: Multi Choice, DSTV/GOTV to Shut Down