Category: Business News
Business News
TCN confirms fire incident at Ayede Substation, apologises to electricity consumers
According to a statement signed by the GM, Public Affairs, TCN, Ndidi Mbah, the fire incident affected one number 150MVA 330/132kV power transformer was contained and power supply restored to the substation at about 18.46, and subsequently to the affected areas the same day.
Lagos govt lauds Ikeja Electric’s commitment to technical education development
The Lagos State Commissioner for Education, Mrs. Folashade Adefisayo, gave the commendation at a ceremony organized to officially commission the Electrical Workshop of at Government Technical College (GTC) in Ikorodu, which was upgraded by the DisCo.
President of Ghana officially opens Nissan’s brand new state-of-the art Navara assembly plant
Nissan selected Japan Motors, one of its two long standing distributors in the country, as its licenced assembler in 2020.Work on the 5000 sq. m plant began shortly afterward and today, 17 months later, the plant was officially commissioned by the president as the first Navaras began rolling off the assembly lines.
MD/CEO, TCN visit vandalism site in Akwa Ibom
The vandalized tower caused a sudden loss of 400MW from the grid causing its collapse on Friday, 8th April 2022. The grid has since been restored.
Buhari’s aide, Zakari describes electricity grid collapse as sabotage
The presidency has declared the recent collapse of the national grid, that affected electricity supply in many states, an act of sabotage.
How Nigeria can end rising crude oil theft
In 2020, the Nigerian Extractive Industry Transparency Initiative (NEITI) said Nigeria’s loss to crude oil theft stands at $4.19 billion yearly. Reportedly, Nigeria is losing over 300,000 barrels of crude oil per day to oil theft, vandalism and other related criminal vices in the country. The implications, according to reports released by NEITI include loss of revenue, environmental disaster, a threat to regional peace and security, the proliferation of arms and a poor investment climate.
Nigeria — where President Buhari had to say sorry for a power cut
For many Nigerian children who have never been abroad, few stories about the West are as fascinating as the fact that electricity can stay on from dusk till dawn seven days a week.
Fuel queues disappearing, electricity supply improving as Buhari summons Ministers, others
The president had earlier expressed his concern over frequent power outages, apologising to Nigerians and assuring of prompt solution to the challenges.
FG is determined to end crude oil theft, says Sylva
The Minister of State Petroleum Resources, Chief Timipre Sylva, said this on Wednesday at Bonny Island, Rivers, while addressing officers of the 146 Battalion and other security agencies represented in the fight against oil theft.
2022 Africa Oil Week holds October 3 in Cape Town
Under the theme ‘Sustainable Growth in a Low Carbon World’, Africa Oil Week will advocate the importance of developing hydrocarbons in Africa and the sustainable development of oil and gas.