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Politics › Estimated Billing: FG Licenses 138 Companies To Provide Meters by jarkbauer(op): 7:35am On Nov 11, 2014

By Michael Eboh

The Federal Government has given approval to about 138 companies to function as Metering Service Providers in the Nigeria power sector.
Prepaid meters

Prepaid meters

The Nigerian Electricity Regulatory Commission, NERC, in a document obtained by Vanguard, disclosed that the companies were certified after due inspection and consideration.

Specifically, five companies were certified as meter manufacturers; 13 companies were given government approval to import meters into the country, while 28 companies were certified as meter vendors.

Also, thirteen companies were approved by NERC as individual meter installers while 79 companies were certified as corporate installers.

The five companies approved as meter manufacturers are Elsewedy Electric Nigeria Limited, Momas Electricity Meters Manufacturing Company Limited (MEMMCOL), Uni Star Hitech Nigeria Limited, Electricity Meter Company Nigeria Limited (EMCON) and Mojec International.

However, Memmcol, apart from the approval given to it to manufacture meters, was also given approval to function as a meter vendor and corporate installer.

Also, EMCON, in addition to its meter manufacturing certification, also got approval to act as an importer, vendor and corporate installer.

Mojec International also got approval as a meter importer, meter vendor and a corporate installer of meters, while Uni-star Hitech got approval to also perform as an importer, vendor and corporate installer.

The NERC had, a couple of days ago, given electricity distribution companies (Discos), two weeks within which to provide electricity consumers whose meters are yet to be delivered months after payment with the products.

Chairman of NERC, Dr. Sam Amadi, said the Commission will view very seriously failure to meter these consumers.

According to him, the NERC will give Discos two weeks to make sure they fully meter all those who have paid because the order of the commission is 45 days.

He said, “After two weeks, we will be conducting public hearings to ascertain whether all those who have paid for CAPMI meters have been metered.
- See more at: http://www.vanguardngr.com/2014/11/estimated-billing-fg-licenses-138-companies-provide-meters/#sthash.Jhl1kLou.dpuf

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 10:29am On Nov 07, 2014

Born2berich:
Bros, please do not over react. Myjoy08 is not the one who brought this loss..We should all learn to take responsiblity for every of our actions. PLEASE

I just hate stupid optimism

3 Likes 1 Share

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 10:22am On Nov 07, 2014

myjoy08:
Your wishes! Are u God?

you better shut your ,mouth. by the time all the stocks get to 1 naira your eyes will open

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 10:21am On Nov 07, 2014

Do you guys really think this due to Elections?

Politics › Re: Annoying Things GEJ/PEJ Apologists Say In Their Defence by jarkbauer: 6:00pm On Nov 06, 2014

supporter of APC

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 4:15pm On Nov 06, 2014

jarkbauer:
This is the week of Golden opportunities..... Take Positions

Take positions now!

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 4:14pm On Nov 06, 2014

4dchairman:
Please we all need to calm down, myjoy08 is not your problem, we all need to go back to the holy grail of investment- don't invest what you cannot afford to loose, I've lost 35% of my portfolio but exiting my position will not solve my problem because that was the cause of it. We are all running away and that will worsen the situation. If all of us stop panicking the market will rebound.

I didnt listen to myjoy08 but alot of people did. he should bury his head for now. his generous optimism is amusing

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 4:11pm On Nov 06, 2014

This is the week of Golden opportunities..... Take Positions

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 3:56pm On Nov 06, 2014

myjoy08:
The rain is falling on everyone but they will out with their climax statements as if nothing is wrong (Some of them are nursing their pains but find it difficult to say it...all in the name of seeing them as the best). Well, i have stated these and i will continue to say it. Well as for the gurus researchers, IT IS ALL WELL.

Guy you be number one fuckup. I exited my positions since the onset of this crash but you were telling many people to hold on...mysad08 you should be ashamed of yourself. You are causing sadness to many people. and they are cursing you already

4 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 3:51pm On Nov 06, 2014

many stocks are reaching and passing their 1year low

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 3:42pm On Nov 06, 2014

Charlesnerd:
Sir, don't trust me but believe me there is nothing to fear about. The major issue behind this is the fall in crude oil and it is just a temporary issue. Nothing, I said nothing to fear about. Just be buying a good fundamentals stock in tranches if the means is there. Sir, once again, there is nothing to fear about. When election is over, I will like to see another gospel of fear that will be disseminated....

Well,my top stock picks are........

UBA
OANDO
TRANSCORP
FBNH
DANGSUGAR
FIDSON
FLOURMILL

As an insider,I cannot say everything I know but you can never go wrong sir.

You are almost right. but add CILEASING and COSTAIN

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 3:39pm On Nov 06, 2014

heard from a broker that someone put up 1million units of Oando at 17.82 for sale but was only able to sell 500 units.

Politics › Re: Fashola Blasts TAN, Says Jonathan Govt Has Nothing To Offer Nigerians by jarkbauer: 7:00am On Nov 04, 2014

I doubt if Nigerian can ever get better

Politics › Re: Why APC May Dump Amaechi For Fashola •as Buhari’s Running Mate by jarkbauer: 6:08am On Oct 23, 2014

isrecole:
Fashola has spent about N5 Trillion Naira within 7years in Lagos State yet 85percent of LASG ROADS are bad and 99percent of Lagos State LGA ROADS are impassable. What special achievements has he recorded to earn him Vice Presidency

lies lagos budget is around 400 billion thats 2.8 trillion in 7yrs. So you cant see nothing! When you are blind you are blind.

11 Likes

Politics › Re: Why APC May Dump Amaechi For Fashola •as Buhari’s Running Mate by jarkbauer: 6:01am On Oct 23, 2014

Una dey craze was he ever adopted before?

1 Like

Politics › Re: Power Generating Plants Perform Below 30% Capacity – FG by jarkbauer(op): 5:49am On Oct 23, 2014*

http://www.punchng.com/business/business-economy/power-generating-plants-perform-below-30-capacity-fg/

Big Nosed Nebo.... giving excuses since 1940

10 Likes

Politics › Power Generating Plants Perform Below 30% Capacity – FG by jarkbauer(op): 5:48am On Oct 23, 2014

Minister of Power, Prof. Chinedu NeboEleven months after being run by private operators, some power generating plants in the country are performing below 30 per cent of their installed capacities, the Federal Government has said.The poor performance, it said, was largely due to gas constraints, which had posed a major challenge that was hampering the visible impact of the reform efforts in the power sector.A document made available to our correspondent by the Nigerian Society of Engineers in Abuja, which contains a presentation by the Minister of Power, Prof. Chinedu Nebo, revealed that many power plants built to generate electricity were only able to utilise a fraction of their installed capacities due to shortfalls in the supply of gas.Nebo said, “Of the original six power plants that were privatised, not one is functioning at up to 70 per cent of installed capacity. Some are functioning at less than 30 per cent capacity due to gas shortage. To make matters worse, many of the gas infrastructure that supply these power plants have come under attack by vandals with various agendas.“Oil thieves are breaking up gas pipelines in the hopes of finding oil to steal. Political enemies are hoping to reduce power supply in one area or the other in an effort to sabotage opponents. Even when the gas infrastructure is free of sabotage, obtaining the gas needed is a problem because of the historically low price for gas in the domestic market.“This low price made investments in the supply of gas to the domestic gas market unattractive for gas producers. Consequently, for years, development in supply of gas to the domestic market in general and power in particular, has stagnated.”The PUNCH had on Tuesday reported that the current epileptic supply of electricity being experienced across many parts of the country was as a result of the massive drop in generated power by 1,000 megawatts in the last one week, a development that was attributed to shortfalls in gas supply.The minister, however, noted that the government was working to redress this.He said the Federal Government had entered into agreements with some international oil companies and local producers to make sure that they ramped up gas supply.According to him, the government is working to ensure that even the marginal gas fields are exploited in order to have the quantum of gas necessary to drive the power reform.Nebo said, “Under my leadership and in partnership with the minister of petroleum resources and the NERC, we have been able to recently bring the price of domestic gas to $2.50 per million btu. We also have an additional provision for a maximum of $0.80/mmbtu for transport.“We expect these changes to incentivise the negotiation and execution of more gas supply and purchase agreements between gas suppliers and power producers, resulting in noticeable improvements in the medium term.”

Politics › Re: BREAKING NEWS:PDP Accepts Rochas Back by jarkbauer: 2:35pm On Oct 22, 2014

Mogidi:
Rochas, Adamu Oshiomhole and even Amaechi have since realized they're being used. Unfortunately there may not be positions for them in PDP.
PDP has issued directives to states to reward loyalist and not cross-carpeters.

But the governors in PDP are not being used abi.

1 Like

Politics › This Is Denro Ishasi Road In Ojodu-akute Ogun State by jarkbauer(op): 10:14pm On Oct 21, 2014*

This is Denro Ishasi Road

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 11:37am On Aug 04, 2014

SKYQUEST: how long does it take for Morgan Capital to open an account for a customer because I have scanned to them all the documents they required since July 25 and up till now they have not responded despite repeated reminders to them?

Call them.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 11:27am On Aug 04, 2014

CCNN is currently losing 13.92. Is 10% not the maximum you can lose a day?

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 5:08pm On Aug 02, 2014

currentprice: Balance b/d

Travel › Re: NCAA Denies Ghana Banned Nigerian Flights Over Ebola by jarkbauer: 8:28am On Aug 02, 2014

SO WHO IS LYING ?

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 3:47pm On Aug 01, 2014

lancee: Thanks .i connected

how do i connect

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 1:22pm On Aug 01, 2014

stokfrick: something is happening in oando. using itrade terminal wen u refresh, there are no offers yet no bids. and yet its being traded heavily

IT happens not only in Oando

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 7:27pm On Jul 31, 2014

nitrogen: Move on to where? Bros, nawa for you o, one person here has 2m units of Oando, u dey talk say make him move on, bros many people emptied their portfolio on top this Oando matter, u dey take say make them move on, if I hear!

We go die on top Oando matter for here ni o.

Sorry for borrowing your lines jare, Wizkid.

Oando is 75% of my portfolio.
Talking about Oando wont change nothing. But we may miss out on other opportunities

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 7:10pm On Jul 31, 2014

Lets not forget the intent for which the thread was formed.
Transcorp and Oando are off the table. Whats next. Insurance? Banks? Other Oil and gas?
Second quarter results are rolling in lets not forget there are still opportunity in the market.

Enough of Oando talk lets move on!!

4 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 4:47pm On Jul 31, 2014

lancee: Too much analyst
oando no go get ministerial approval cos of wale Tinubu related to APC Tinubu
After ministerial approval , now Oando no get money to finalize the deal thats was why they kept postponing
After the deal again , dem Analysist don start , it will take 20 year for them to start OML , ABC , WYZ etc
Now Oando no get money to start and they re in DEBT
i taya oo , everybody just dey Analyse anything !!!!

i wonder too ooo
some people just need to shut up.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 4:44pm On Jul 31, 2014

Yem0350: Make this skyebank drop reach 2.50 sodat I can accumulate more. I beg oh

That skyebank drops to 2.50 doesn't mean it is a good buy, in fact it may drop to 1.50 later

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by jarkbauer: 10:54am On Jul 31, 2014

I knew Oando is gonna fall

Health › Re: Striking Photos Of The Worst Ebola Outbreak In History by jarkbauer(op): 8:22am On Jul 31, 2014

https://absolute-news.com/wp-content/uploads/2014/07/ebola-hand1.jpg

Ebola infection of the arm/hand

Health › Re: Striking Photos Of The Worst Ebola Outbreak In History by jarkbauer(op): 8:18am On Jul 31, 2014

https://i.huffpost.com/gadgets/slideshows/359890/slide_359890_4018999_free.jpg
View of an isolation center for people infected with Ebola at Donka Hospital in Conakry. (Cellou Binani/AFP/Getty Images)
https://i.huffpost.com/gadgets/slideshows/359890/slide_359890_4018995_free.jpg
A worker loads material including protection gear for Doctors Without Borders at the airport of Conakry on March 29, 2014. (Cellou Binani/AFP/Getty Images)
https://i.huffpost.com/gadgets/slideshows/359890/slide_359890_4018998_free.jpg
The owners of a "maquis," a small African restaurant in Kobakro, outside Abidjan, which used to serve bush meat, hold up the different types of meat and fish they now offer to their clients. The Ministry of Health has asked Ivorians, "particularly fond of porcupine and agouti," a small rodent, to avoid consuming or handling bushmeat, as an unprecedented Ebola epidemic hit West Africa. The virus can spread to animal primates and humans who handle infected meat -- a risk given the informal trade in "bushmeat" in forested central and west Africa. (Issouf Sanogo/AFP/Getty Images)
https://i.huffpost.com/gadgets/slideshows/359890/slide_359890_4019003_free.jpg
A pharmacist searches for drugs in a pharmacy in Lagos on July 26, 2014. Nigeria was on alert against the possible spread of Ebola on July 26, a day after the first confirmed death from the virus in Lagos, the country's financial capital and Africa's biggest city. The health ministry said Friday that a 40-year-old Liberian man died at a private hospital in Lagos from the disease, which has now killed more than 650 people in four west African countries since January. (Pius Utomi Ekpei/AFP/Getty Images)
https://i.huffpost.com/gadgets/slideshows/359890/slide_359890_4019007_free.jpg
Dr. David McRay speaks about his friend and colleague Dr. Kent Brantly during a news conference on Monday, July 28, 2014, in Fort Worth, Texas. Brantly is one of two American aid workers that have tested positive for the Ebola virus while working to combat an outbreak of the deadly disease at a hospital in Liberia. (LM Otero/AP)

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