Business
Blackout Looms In Lagos Over TCN Sub-Station Shutdown
There will be a total blackout in Itire and its environs of Lagos as the Management of the Transmission Company of Nigeria (TCN) has proposed a four-hour power outage due to routine maintenance.
The maintenance which would necessitate the power outage is expected to be carried out on equipment at the Itire 132KV Transmission Sub-Station in Lagos, tomorrow.
General Manager (Public Affairs) of TCN, Mrs Ndidi Mbah, made this known in a statement in Lagos, yesterday.
According to the statement, the scheduled maintenance is necessary for the sub-station to maintain effective supply of electricity to the areas concerned.
It explained that the proposed maintenance would disrupt 34 megawatts of electricity supply to customers around Ago, Okota, Ilasamaja, Ijesha, Itire and their environs.
“The planned outage will enable TCN engineers from the Akangba sub-regional office in Surulere to carry out routine maintenance work on all the equipment at its Itire Transmission Sub-Station.
“The maintenance will also cover a 132KV insulated indoor switchyard for improved electricity supply to customers in the above-mentioned areas.
“TCN, therefore, appeals to customers that take supply from distribution load centres covering the areas mentioned above, to bear with it for four hours on Tuesday, March 27.
“The management of TCN apologises for the inconveniences that may result from the temporary disruption of supply to customers within the affected areas.
“TCN promises to continue upgrading and maintaining its equipment to serve Nigerians better, in line with the Federal Government’s strategy on incremental power supply to the people.’
Business
NCAA Certifies Elin Group Aircraft Maintenance

Business
SMEDAN, CAC Move To Ease Business Registration, Target 250,000 MSMEs

Business
Blue Economy: Minister Seeks Lifeline In Blue Bond Amid Budget Squeeze

Ministry of Marine and Blue Economy is seeking new funding to implement its ambitious 10-year policy, with officials acknowledging that public funding is insufficient for the scale of transformation envisioned.
Adegboyega Oyetola, said finance is the “lever that will attract long-term and progressive capital critical” and determine whether the ministry’s goals take off.
“Resources we currently receive from the national budget are grossly inadequate compared to the enormous responsibility before the ministry and sector,” he warned.
He described public funding not as charity but as “seed capital” that would unlock private investment adding that without it, Nigeria risks falling behind its neighbours while billions of naira continue to leak abroad through freight payments on foreign vessels.
He said “We have N24.6 trillion in pension assets, with 5 percent set aside for sustainability, including blue and green bonds,” he told stakeholders. “Each time green bonds have been issued, they have been oversubscribed. The money is there. The question is, how do you then get this money?”
The NGX reckons that once incorporated into the national budget, the Debt Management Office could issue the bonds, attracting both domestic pension funds and international investors.
Yet even as officials push for creative financing, Oloruntola stressed that the first step remains legislative.
“Even the most innovative financial tools and private investments require a solid public funding base to thrive.
It would be noted that with government funding inadequate, the ministry and capital market operators see bonds as alternative financing.
-
Rivers14 hours ago
FTAN Gets New State Coordinator … To Push For Tourism
-
News14 hours ago
NDLEA arrests two drug kingpins in Lagos, seizes cocaine, heroine
-
Sports15 hours ago
Group lauds Foundation’s contribution to football, youth dev.
-
Education14 hours ago
Lga boss tasks corp members on diligent service to fatherland
-
Politics14 hours ago
New PDP Leaders Emerge In Adamawa After Congress
-
Sports14 hours ago
Forest Still Looking For Winning Formula
-
online games2 days ago
The Power of Advanced Historical Data and Live Metrics for Football Analytics
-
Rivers14 hours ago
Democratic Rule Return Sparks Renewed Debate In Rivers