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Discos Face Imminent Collapse, Wallow In Debt

No DisCo declared dividend eight years after privatisation • Buying electricity assets with loans, misplaced priority, say experts • Banks may run into regulatory sanctions over non-performing electricity loans • N202b MDAs debt, insecurity, theft, lax corporate governance pose fresh challenges • GenCos suffer investment shortfall over DisCos’ load rejection …

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Security Report Forced Buhari To Cancel Planned Subsidy Removal

Details have emerged on how security advice forced the President, Major General Muhammadu Buhari (retd), to make a U-turn on the decision to remove fuel subsidy. An impeccable security source told The PUNCH that intelligence handed over to the President by security officials showed that the protests that would have …

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2023 General Elections: It’s Unjust to Truncate Zoning Agreements, Abia North Must Produce Governor To Consolidate Unity—Abia Group Insists

2023 general elections: It’s unjust to truncate zoning agreements, Abia north must produce Governor to consolidate unity—Abia group insists By Chijindu Emeruwa A socio-cultural organization of youths from Old Bende bloc, of Abia state, Isiukwato Youths for Equity Alliance (IYEA), has rubbished the position of group of Concerned Ikwuano/Umuahia Stakeholders …

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