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Nairaland Forum / Nairaland / General / Business / DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders (11742 Views)
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DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by divinehand2003(m): 7:02am On Aug 25, 2022 |
Stakeholders in the nation’s power sector have averred that the timely takeover of five electricity distribution companies (DisCos), as well as the various financial interventions by the Central Bank of Nigeria (CBN) have helped to avert the collapse of many deposit money banks (DMBs). https://leadership.ng/debts-discos-takeover-cbn-interventions-averted-banks-collapse-stakeholders/ 1 Like
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Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by Nobody: 7:04am On Aug 25, 2022 |
Wow 1 Like |
Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by jkpbestseries: 7:05am On Aug 25, 2022 |
the worst CBN era ever 7 Likes 1 Share |
Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by divinehand2003(m): 7:06am On Aug 25, 2022 |
Disco's are supposed to be making trillions of naira since they are the ones engaging with consumers and getting money from them. Why haven't they been able to pay what they owe the banks since Jonathan's administration? 10 Likes 1 Share |
Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by Viz007(m): 7:14am On Aug 25, 2022 |
The amount of leakage in the estimated billing system which the DISCO's presently operate in Nigeria is enormous and I believe that this is the reason why they have been unable to pay back their debts to the banks. The simple solution to their predicament is to establish an effective metering system to eliminate all leakages that bedevils the estimated billing system. 26 Likes 3 Shares |
Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by GardenOfGod(m): 7:18am On Aug 25, 2022 |
Another economic policy failure of APC government. Affliction shall never rise the second time. Never! VOTE OBI-DATTI 3 Likes
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Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by Eagle360(m): 7:21am On Aug 25, 2022 |
In summary Nigeria is engulfed in corruption and debt. 3 Likes 1 Share |
Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by ATEAMS: 7:22am On Aug 25, 2022 |
Just eating money not really working but exploring the loopholes they refused to cover |
Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by illuminutty: 7:24am On Aug 25, 2022 |
DOSCOs kwa? 2 Likes |
Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by Stanislause94: 7:24am On Aug 25, 2022 |
mehn! City boy
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Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by money121(m): 7:25am On Aug 25, 2022 |
Wahala |
Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by Nobody: 7:26am On Aug 25, 2022 |
Summary pls 1 Like |
Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by Jahzrockballer(m): 7:27am On Aug 25, 2022 |
Omo |
Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by omoredia: 7:27am On Aug 25, 2022 |
The greed in the system is just too much. Nothinf works when there is greed 2 Likes |
Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by DoctorDree(m): 7:27am On Aug 25, 2022 |
I dey expect them to intervene for this ASUU matter as well na……… |
Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by mactoni91(m): 7:28am On Aug 25, 2022 |
Era where monies in bank ain't totally safe... Yet saving in USDT or BUSD is criminal. I seriously wish i had the funds for Master's in UK. With the was some persons are still clamouring for these same crazy politicians, it's evident Nigeria and Nigerians aren't ready for a better Nigeria. 1 Like |
Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by dalass(f): 7:28am On Aug 25, 2022 |
divinehand2003: Which one be DOSCOS again? |
Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by Cantonese: 7:29am On Aug 25, 2022 |
Thankfully IKEDC and Enugu are not among. “In what has been described as poor financial performance, Abuja DisCo, Ibadan DisCo, Kano DisCo, Kaduna DisCo and the Benin Electricity Distribution Companies (BEDC) have been at loggerhead with the banks in a move backed by the CBN, Nigerian Electricity Regulatory Commission (NERC) and Bureau of Public Enterprises (BPE)” 1 Like |
Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by damosade(m): 7:30am On Aug 25, 2022 |
Nothing is working in the country.. No one can safe us. The system is rotten so the leadership |
Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by Boogyman557: 7:30am On Aug 25, 2022 |
Holly Gram CUNTREE don CAST big time STREET self don CAST big time Things don cost for SMALL MARKET and main MARKET.. OBIdient is the way FORWARD.. LITE UP my WEED in peace WTF MAN!
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Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by noble71(m): 7:31am On Aug 25, 2022 |
This country is sitting on keg of gun powder. Vote Peter Obi for President. Meanwhile at a good rate sell your Pi π to us. 1 Like |
Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by divinehand2003(m): 7:31am On Aug 25, 2022 |
dalass: Na mistake oooo my bro 1 Like |
Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by adeoba2008(m): 7:35am On Aug 25, 2022 |
divinehand2003: When it is possible for someone to collect money and not remit it to the Discos. |
Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by abumeinben(m): 7:35am On Aug 25, 2022 |
I strongly believe that poor management is the act that killed these DisCos. I see no reason why the employees of the power sector could not earn as much as their counterparts in the oil sector. Contract staffing is killing telecoms. Nigerian financial "machomen" aren't mostly interested in "business" but money, after all, they presently own the DisCos. Spread the investment net open to foreign investors too. 4 Likes 1 Share |
Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by Coronavirus1: 7:36am On Aug 25, 2022 |
If the take over will help us with stable Light kudos to CBN 1 Like |
Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by omoredia: 7:37am On Aug 25, 2022 |
What happened to covid19? What happened to the so called dreaded disease that was worth it for many African countries economies to be collapsed to contain it? What happened to the media hysteria? What happened to the need for vaccines, booster shots and facemasks? What happened to all the lies? It is only people that have a problem with the truth that get deceived! 1 Like 1 Share |
Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by shortgun(m): 7:39am On Aug 25, 2022 |
To make easy money is very easy in this country. Imagine CBN helping criminals who should be arrested and paraded by EFCC for fraud. 1 Like |
Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by Reference(m): 7:41am On Aug 25, 2022 |
But why the so called government interventions with taxpayers money. This is not right. Why didn't they just allow them go bankrupt so that they can be sold to new investors. That is the simple and right way to go. And that is why they have the temerity to take legal action against their nationalisation, because the feeling is that they are too big to fail and government is obliged to keep them afloat indefinitely. It is government that has caused this scenario. And it is the same issue with Federal Universities and other institutions to which government is confused as to whether they are social services or not. Government should be clear minded and act responsibly. If DISCOS cannot handle their responsibilities there are enough laws to end it and enable others that are better take over. 3 Likes |
Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by fserpent: 7:43am On Aug 25, 2022 |
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Re: DOSCOs’ Takeover, CBN Interventions Averted Banks’ Collapse – Stakeholders by adebwalex(m): 7:45am On Aug 25, 2022 |
Stanislause94:So city Boy dey Smoke |
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