Business Hilights

Tracking Nigeria's Headline Business News Online

Ikeja Electric (IE) Plc

Ikeja Electric (IE) names Ms Folake Soetan Acting CEO

Nigeria’s largest Electricity Distribution Company (Disco), Ikeja Electric (IE) Plc, has announced the appointment of Mrs. Folake Soetan as its Acting Chief Executive Officer, effective March 2nd, 2020. She takes over from Dr. Anthony Youdeowei who has been the CEO…

FG’s hike in electricity tariff by 50% worrisome without commensurate power

Strong indication has suggested that directive from the Nigeria Electricity Regulatory Commission (NERC) to electricity Distribution Companies (DisCos) ordering them to hike their tariffs by an average of 50 per cent come April 1 is a way of running away…