Nigerian government secures another $500m World Bank loan

world bank

The Federal Government of Nigeria has successfully secured a $500 million loan from the World Bank aimed at enhancing the performance of electricity Distribution Companies (DisCos). This was disclosed in a press release from the Bureau of Public Enterprises (BPE) by Amina Othman, Head of Public Communication. Approved on February 4, 2021, by the World … Read more

Parts of Edo, Delta to be without electricity for 2 weeks – TCN

TCN

The Transmission Company of Nigeria (TCN), on Saturday, in Benin, said that there would be a power outage in its Amukpe substation for two weeks. This is according to a statement signed by the General Manager, Public Affairs of TCN, Ndidi Mbah. Mbah said the disruption would begin on May 4 and last till May … Read more

NERC unbundles TCN, establishes new organisation

NERC

The Nigerian Electricity Regulatory Commission (NERC), has unbundled the Transmission Company of Nigeria (TCN) with the establishment of the Nigerian Independent System Operator of Nigeria Limited (NISO). The company disclosed this in an order signed by its Chairman, Mr Sanusi Garba and Mr Muslim Oseni, Vice Chairman in Abuja on Saturday. According to the order, … Read more