Electricity report, TCN unbundling... business stories to track this week

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Here are the seven top business stories you need to track this week — May 6 to May 11.

the Transmission Company of Nigeria by establishing the Nigerian Independent System Operator of Nigeria Limited .TCN is expected to transfer all market and system operation functions to the new company.

“We have used the reactor for research and development over the years and now we are going to use the reactor for the purpose of generating electricity,” the chairman had said.deposit insurance coverage for all licensed deposit-taking financial institutions. The fintech firm said due to a directive from the CBN, it would close accounts involved in crypto trading.ongoing shortfallSoneye said the company currently has more than 1.5 billion litres of product available, enough to last for at least 30 days.Prior to this, the Petroleum Products Retail Outlets Owners Association of Nigeria said it does notPetrol scarcity had recently hit Nigeria, leading to queues across fuel stations and an increase in transport costs in major cities.

However, on a year-on-year basis, credit to the private sector rose by 65.57 percent compared to N43.01 trillion recorded in the corresponding period in March 2023.

 

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Electricity: TCN moves to eliminate frequent national grid collapses with techAbuja-Forty-eight hours after the national power grid collapsed for the fourth time in 2024, the Transmission Company of Nigeria, TCN, yesterday, disclosed that it has deployed a new technology, the Generation Dip/Loss Detection System, GLDS, as part of efforts to stabilise the grid.
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Electricity Tariff Hike: Discos blame TCN for inability to supply 20 hours of powerThree electricity distribution companies have blamed Transmission Company of Nigeria for not supplying 20-hour power customers on Band A feeders amid the recent astronomical tariff increase. Abuja, Benin, and Kano electricity distribution companies disclosed this in separate notices on Monday.
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Electricity: NLC, TUC condemn higher tariff for non-existent electricityThe Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC), have appealed to the Nigerian Electricity Regulatory Commission (NERC) and Power Sector operators, to reverse the increase in electricity tariff within one week.
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Electricity: NLC, TUC condemn higher tariffs for non-existent electricityThe Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) have appealed to the Nigerian Electricity Regulatory Commission ...
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Electricity: NLC, TUC condemn higher tariff for non-existent electricityThe Nation Newspaper Electricity: NLC, TUC condemn higher tariff for non-existent electricity
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Increase in Electricity Tariff for Customers under Band A Approved by Nigerian Electricity Regulatory CommissionThe Nigerian Electricity Regulatory Commission (NERC) has recently approved an increase in the electricity tariff for customers under Band A. Customers under Band A will now enjoy 20-24 hours of electricity supply daily. This increase affects several areas on Lagos Island.
Source: GuardianNigeria - 🏆 1. / 94 Read more »