Business Hilights

Tracking Nigeria's Headline Business News Online

Transmission Company of Nigeria (TCN)

Outdated, inadequate facilities bane of evacuating power to national grid

Fresh answers have emerged on why over 50 per cent of power so generated by Gencos are not effectively evacuated by the Transmission Company of Nigeria (TCN) to Distribution Companies (Discos), thus causing hiccups in the supply of electricity across…

Inability to transmit ready 6,000MW translates to daily loss of N2.568bn—NESI

More facts on why the nation’s power privatization spree by previous administration must be reviewed are still emerging. Weekend, the Nigerian Electricity Supply Industry Statistics (NESI) analysis revealed that the nation’s inability to utilise 6,000MW represents a daily loss of…

Benin, Niger Rep risk darkness as NBET, TCN demand N35.4bn power bill arrears

Neighbouring countries of Benin and Niger Republic are currently at the mercy of the Nigerian Bulk Electricity Trading (NBET) Plc and the Transmission Company of Nigeria (TCN) and risk their steady power supply from Nigeria being cut off any time…

NERC empowered to punish Discos rejecting supply of power for distribution

Due to observed non evacuation of generated power from Gencos by Discos, the Federal Government has directed the regulatory, Nigerian Electricity Regulatory Commission (NERC) to henceforth, sanction distribution companies that reject electricity allocated to them by the Transmission Company of…