A new order by the Nigerian Electricity Regulatory Commission will in the next 30 days create the Nigerian Independent System Operator of Nigeria Limited , a development that will split the Transmission Commission of Nigeria .A new order by the Nigerian Electricity Regulatory Commission will in the next 30 days create the Nigerian Independent System Operator of Nigeria Limited , a development that will split the Transmission Commission of Nigeria .
The BPE, according to the order shall, through the National Council on Privatisation, conclude the transfer of all the market and system operation assets and liabilities held by TCN to NISO. It added: “The name of the company shall, subject to availability at Corporate Affairs Commission, be the Nigerian Independent System Operator of Nigeria Limited . The object clause of the Memorandum of Association of the NISO as provided in section 16 subsection two of Electricity Act shall hold and manage all assets and liabilities pertaining to market and system operation on behalf of market participants and consumer groups or such stakeholders as the Commission may specify.
The Court of Appeal, yesterday, granted an ex parte motion for stay of proceedings of contempt application against the Executive Chairman of the Economic and Financial Crimes Commission, Mr. Ola Olukoyede, by the former Governor of Kogi State, Yahaya Bello. The 2024 Lagos Conference of the Young Professionals Club, with the theme “Value: Reimagined and Repositioned,” brought together a diverse assembly of entrepreneurs, innovators, and professionals across various sectors.
Source: News Formal (newsformal.com)
NERC Sanusi Garba TCN
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