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Farooq

Posts Tagged "power sector"

HomePosts Tagged "power sector"
  • dollar to naira

There are fresh concerns over the continued sale of gas to domestic users, to particularly the nation’s generation company in Dollars. Considering the current challenges in procuring foreign exchange and the continued rise in the Dollar rate, operators are lamenting the increase in the cost of doing business and are asking government to intervene urgent. […]

* Three out of six turbines idle at biggest power plant * Rise in Niger Delta attacks curbs gas supplies * Power producers owed huge sums by state firm * Power minister seeks solution to unpaid bills By Alexis Akwagyiram and Libby George LAGOS/LONDON, Nov 21 (Reuters) – Nigeria’s biggest power station shows the huge […]

The Abuja Chamber of Commerce and Industry Limited says instability in foreign exchange, inadequate liquidity and insufficient gas supply are inhibiting optimal performance of power companies operating in Nigeria’s electricity industry. The President of the ACCI, Tony Ejinkonye, said this in an interview with the News Agency of Nigeria in Abuja on Monday. According Ejinkonye, […]