Author: Eberechi Constance

NERC Unbundles TCN, sets up new system operator

NERC Unbundles TCN, sets up new system operator   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).     NERC made this known in an Order dated April 30, 2023 and[Read More…]

Transcorp Group delivers impressive Q1 2024 performance, sustains revenue growth of 173% and PBT of N45bn

Transcorp Group delivers impressive Q1 2024 performance, sustains revenue growth of 173% and PBT of N45bn Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading, listed conglomerate with investment in the Power, Hospitality, and Energy sectors, has announced impressive Q1 financial results for the period ended March 31, 2024. In[Read More…]

Wema Bank Marks 79 Years of Excellent, Service

Wema Bank Marks 79 Years of Excellent, Service In a remarkable celebration of heritage and innovation, Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT today announced a joint celebration marking Wema Bank’s 79th years and ALAT’s 7 years anniversaries. The bank in a[Read More…]

FG approves pay rise for civil servants

FG approves pay rise for civil servants   The Federal Government, on Tuesday, announced an increase of between 25 per cent and 35 per cent in salary increase for civil servants on the remaining six Consolidated Salary Structures. The salary increase, announced on the eve of the Workers’ Day celebration,[Read More…]