Business Hilights

Tracking Nigeria's Headline Business News Online

Transmission Company of Nigeria (TCN)

Parts of Nigeria to remain in darkness as public holidays hamper power repair efforts

That the nation’s power grid lost about 1,087.6MW from the shutting down of eight stations on Friday and Saturday due to the rupturing of a major gas pipeline is no more news, rather, the locking up of relevant offices for…

FG issues regulatory guidelines to licensed meter asset providers’ for early deliveries

Apart from setting aside, a whooping N30bn to implement comprehensive metering nationwide, federal government has issued a regulatory framework to licence meter asset providers (MAPs) to fast track product deliveries. Minister of Power, Works and Housing Babatunde Fashola, while announcing…

Ikeja Disco takes delivery of 100MVA transformers from TCN in Alimosho area of Lagos

The Transmission Company of Nigeria (TCN), as part of continuing incremental power supply, has commissioned 100 MVA transformers at 132/33KV Alimosho substation. The substation will boost electricity supply to residents within Ikeja Disco. In his remarks at the commissioning of…

Ikeja Electric links zero fatality in Q1 to effective safety policy adherence

… Advises customers on safety measures as rainy season begins Ikeja Electric (IE), Nigeria’s largest electricity distribution company (Disco), on Thursday, attributed the zero fatality record attained by the company in Q1 of 2018 to its highly effective safety policy…

Rising cases of electrocution in Nigeria raises competency crisis amongst Discos—NEMSA

Between January and March this year, 22 Nigerians have been pronounced dead due to faulty distribution lines managed by electricity Distribution Companies (Discos). Whereas six of the dead were maintenance staff of Discos (names with held), the 16 are citizens…

Hope rises for power transmission as TCN, NDPHC set to light up 190 schemes

Great relief for power users in the country is underway as the Minister of Power, Works and Housing, Babatunde Fashola, has announced that the Transmission Company of Nigeria (TCN) and the Niger Delta Power Holding Company (NDPHC) are set to…

NASS vows to appropriate fund for completion of ongoing TCN projects

In view of the fact that the key factor frustrating evacuation of generated power from plants and dams had remained near moribund transmission infrastructure, the House of Representatives Committee on privatisation on Monday in Enugu, assured appropriation of adequate budgetary…

TCN records 6 systems collapse leading to damage of nine vital components

At a time the World Bank has agreed to revive Nigeria’s power transmission systems to halt grid collapse and power failure, indications have emerged that the nation’s epileptic power situation is getting no better as Transmission Company of Nigeria (TCN),…

Why STOAN waived N1.5bn on 500 containers carrying power equipment

More details have emerged on why the leadership of Seaport Terminal Operators Association of Nigeria (STOAN) yesterday, announced duty Waiver valued at about N1.5bn on stranded Transmission Company of Nigeria (TCN) containers. It would be recalled that the containers had…

TCN explains foreign donor option, reveals why power contracts fail in the past

The Interim Managing Director/Chief Executive Officer of the Transmission Company of Nigeria (TCN), Usman Mohammed has given a graphic detail on why access to multinational funding is easier in financing power schemes in Nigeria. In an interview, he said because…