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Tag Archives: private investors

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 …

Why Nigeria is strengthening ties with China – Jonathan

Posted ago by admin

President Goodluck Jonathan has said that Nigeria is currently strengthening its investment and economic ties with China because of the exponential increase in the bilateral trade volume between the two countries over the last few years. Another reason for the …

FG targets $10bn annual investment in power sector

Posted ago by admin

President Goodluck Jonathan said Wednesday in Cape Town, South Africa that following the total privatisation of power generation and distribution in the country, his administration expected an annual private sector investment of about $10bn in the sector over the next …