Tag Archives: holding company

PHCN Ceases To Exist In Few Weeks – Nebo

Posted ago by admin

The federal government yesterday said  that the Power Holding Company of Nigeria (PHCN) will formally cease to exist once the proposed Transitional Electrical Market (TEM) is declared in few weeks time. Minister of Power Prof. Chinedu Nebo disclosed this in Abuja  …

FG Paid N119.2bn Severance Benefit To PHCN Workers

Posted ago by admin

  The federal government said yesterday that it had so far paid a total of N119.17 billion as severance benefits to staff of the Power Holding Company of Nigeria (PHCN). The government also gave the assurance that the power sector reform …

Mass Sack Imminent, As New Owners Takes Over PHCN

Posted ago by admin

  The sack of over 20,000 or 37 per cent of the estimated 54,000 workers of the Power Holding Company of Nigeria (PHCN) became imminent at the weekend, as the Federal Government insisted that it would hand over the company …

Power Supply To Lagos Drops By 67%

Posted ago by admin

  Power supply from the national grid to Lagos has dropped by 67 per cent. The drop on Sunday followed a drastic reduction in power generation from 3,367.20MW on Friday to 2,628MW on Saturday. Some officials of the Power Holding Company  …

Severance Package: FG Begins Payment Of PHCN Workers

Posted ago by admin

The Federal Government has commenced the payment of the severance packages of employees of the Power Holding Company of Nigeria in preparation for the conclusion of the privatisation of the power sector. Our correspondent gathered  that the Office of the …

Dolce &Gabbana Shuts Shops to Protest Public Criticism

Posted ago by admin

MILAN (Reuters) – Italian fashion designers Dolce & Gabbana closed their Milan stores for three days in protest at being “pilloried” over their convictions for tax evasion in June, which they say they will appeal.The words “Closed for Indignation” were …

Man Runs Naked At Dolce And Gabbana Catwalk Show At Milan

Posted ago by admin

There were gasps at the Dolce & Gabbana catwalk show at Milan Fashion Week today June 24, when a streaker leapt onto the catwalk and ran up and down in full view of the city’s fashion royalty. Stars including Barcelona …

Italian Designers Dolce&Gabbana Sentenced To Prison For Tax Evasion

Posted ago by admin

Italian fashion designers Domenico Dolce and Stefano Gabbana, the men behind fashion power house, Dolce & Gabbana were yesterday June 19th sentenced to one year and eight months in prison by an Italian court after being found guilty of tax …