Power sector privatisation records major loan default, UBA takes over disco

Power sector privatisation records major loan default, UBA takes over disco

The United Bank for Africa Plc has taken over the majority stake in the Abuja Electricity Distribution Company and has received the endorsement of the Federal Government, the Minister of Power, Abubakar Aliyu, announced on Wednesday. Aliyu said the Deposit Money Bank had to take over the power firm due to the inability of the…

 
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Source: Power sector privatisation records major loan default, UBA takes over disco

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