06

Jul

Fidelity Bank, Afrexim Bank, AMCON to take over four Electricity Distribution Companies

The Nigerian Electricity Regulatory Commission (NERC) and the Bureau of Public Enterprises (BPE) has confirmed that Fidelity Bank and AFREXIM Bank, which collateralized the shares of Kano, Benin and Kaduna DisCos have appointed three-member boards. The Federal Government, which has 40 percent state in the DisCos, is represented in the new boards. The regulators also said that[…]