Nigeria power companies declare force majeure on power supply

490 views · Published 12 January 2016 · 6:51 · Indexed 14 November 2026

Channel: CGTN Africa · 2016 · News & Politics

Watch on YouTube

New owners of power distribution companies in Nigeria have declared force majeure on electricity supply across the country. The investors, who took over power distribution assets from the Federal Government in 2013, also demanded a refund of their investments if the government fails to pay over 200 million dollars owed and objected to the hold back of over 1 billion dollars in intervention funds from the CBN and an embargo,which limits their capex

More from this channel

• 0:29 Al-Shabaab: The U.S. is giving a reward of up to $6M for info on 6 leaders

  CGTN Africa

  946 views · 11 November 2015

• 3:54 Star Times setting the trend in Africa

  CGTN Africa

  1,484 views · 12 November 2015

• 1:43 Burundi's President Pierre Nkurunziza dismisses genocide frears

  CGTN Africa

  1,906 views · 12 November 2015

• 8:02 Global Leaders meet to discuss the migration crisis

  CGTN Africa

  173 views · 12 November 2015

• 0:48 Kenya Airways narrows pretax loss on the back of lower fuel costs

  CGTN Africa

  386 views · 12 November 2015

• 0:51 Glencore urged not to cut jobs at Zambian copper mine

  CGTN Africa

  1,695 views · 12 November 2015

• 0:54 Heroic welcome in Abuja for triumphant Nigerian U17 Football team

  CGTN Africa

  1,541 views · 12 November 2015

• 2:22 Vodacom to roll out video-on-demand service

  CGTN Africa

  145 views · 12 November 2015