Business Economy Energy

Power generation drops, Discos, FG battle for control

By Okechukwu Nnodim The planned takeover of three power distribution companies by Fidelity Bank and the restructuring of two others by the Federal Government have led to an intense battle between the Discos and the government. The takeover of the three Discos by Fidelity Bank is being backed by the Federal Government through the Bureau […]

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Business Economy Energy

Stakeholders laud DisCos takeover, knock regulators for sector’s woes

By Kingsley Jeremiah, Abuja   • ‘Power supply won’t progress without takeover of DisCos, poor GenCos’ • Tsavsar: Blame government for power sector woes. Nigerians are gradually inching towards the moment of anagnorisis as bank-backed reforms in the nation’s electricity distribution companies (DisCos) are revealing the true state and regulatory gaps among the Bureau of Public Enterprise […]

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Rich result on SERP when searching for Amazon Owner, Jeff Bezoz, Steps Down As CEO
Business News

Amazon owner, Jeff Bezoz, Steps Down As CEO

Amazon owner, Jeff Bezos, has threw in the towel as chief executive of the global sales platform exactly 27 years after he founded the outfit. Jeff Bezoz, the American billionaire aged 57 Years and Amazon’s lion shareholder with a stake worth about $180 billion, is being replaced by Andy Jassy, the brain behind Amazon’s cloud computing […]

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