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Indigenous Firm Adds 590MW To National Grid

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A subsidiary of Transnational Corporation PLC., Transcorp Power Limited, is currently adding 590megawatts (MWs) of electricity to the national grid.
Speaking at the 2021 yearly general meeting, in Abuja, at the weekend, Chairman of the group, Tony Elumelu, hinted that Transcorp Power increased its generating capacity from 390MWs to 470MWs in May 2021, consequently bringing the company’s combined generating capacity to 590MWs.
The group has two gas-fired power plants in Ughelli and Afam, in Delta and Rivers states, acquired in a divestment deal with Shell Petroleum Development Company of Nigeria (SPDC).
He added: “We will continue our engagements with our existing gas suppliers and explore gas supply from other producers to diversify our supply base, thereby ensuring adequate gas supply to our power plants in Ughelli and Afam, and achieving optimum utilisation of their capacity despite general gas supply issues at various points of the year.
“We are equally pursuing our long-term integrated energy strategy to secure our gas requirements through our OPL 281 asset and other related assets.”
This achievement comes as the company has transformed from Transnational Corporation of Nigeria PLC into Transnational Corporation PLC.
Elumelu hinted that Transcorp Power’s revenue also improved by 14per cent, from N65.1billion to N74.3billion, which accounts for around 70per cent of the total group revenue.
Also, the profit before tax (PBT) increased by 92per cent, from N12billion to N23.1billion.
“Gross earnings for the group increased to N111.2billion in 2021 from N75.3billion in 2020. Gross earnings for the company almost doubled to N5.13billion in 2021 from N2.7billion in 2020. PBT for the group increased to N28billion in 2021, from N1.6billion in 2020. PBT of the company increased to N4.02billion in 2021, from N2.7billion in 2020.
Elumelu added that Transnational Power has been able to increase the installed capacity of Afam Generating Company (GenCo) to nearly 2000MWs, adding that it has continued to work towards recovering more of the installed capacity.
“This acquisition also came with many advantages, including closeness to gas supply, sufficient evaluation capacity and brand new 240MWs Afam three fast power turbines. Our plan is to efficiently recover the capacity of Afam GenCo, leveraging on our experience from running Transcorp Power,” he said.
President/Group Chief Executive Officer (GCEO), Transnational Corporation, Owen Omogiafo disclosed that the group would add 243MWs to the national grid in the next four weeks.

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NAFDAC Alerts Nigerians To EU Ban On Dex Soap

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The National Agency for Food and Drugs Administration and Control, NAFDAC, has alerted Nigerians on the ban on Dex Luxury Bar Soap (No 6 Mystic Flower), by the European Union (EU).
The notification is contained in a public alert with No. 012/2024, signed by NAFDAC Director-General, Prof Mojisola Adeyeye, and issued to newsmen in Abuja yesterday.
“The product does not comply with the cosmetic products regulation; it also contains Butyphenyl Methylpropional (BMHCA), which is prohibited in cosmetic products due to its risk of harming the reproductive system.
“It also causes harm to the health of unborn children and may cause skin sensitisation.
“It is as a result of the defective nature of the product that the EU banned it.
“The products is not in NAFDAC database; importers, distributors, retailers and consumers are to exercise caution and vigilance within the supply chain,” she said.
NAFDAC boss urged marketers and consumers to avoid the importation, distribution, sale and use of the product, stressing that product’s authenticity and physical condition must be carefully checked.
She enjoined members of the public in possession of the product to discontinue sale or use, and submit stock to the nearest NAFDAC office.

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Communities, Volunteers Ready To Face Upcoming Floods – Red Cross

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The Country Manager of the British Red Cross in Nigeria, Karsten Voigt, says communities and volunteers are ready to face the challenges expected with the upcoming floods.
Voigt said this at the sidelines of the 56th Annual General Meeting of the Nigerian Red Cross Society (NRCS), Lagos Branch.
The Tide’s source recalls that the British Red Cross donated resilience items to some communities in December 2023, to help mitigate the effects of flooding.
The items included cash, rain boots, rain coats, mosquito nets, handheld flashlights, solar powered lights with radio, USB chargers and a bridge to link the communities.
The communities that benefited included Agboyi 1, Agboyi 2, Agboyi 3 and Odo Ogun in Kosofe Local Government Area of the state.
Voigt said the Red Cross had measured the impact of the project in the communities and noticed that a lot of progress had been made.
According to him, apart from the cash and items given to the communities, simulation exercises have also been carried out to prepare the volunteers ahead of the floods.
“We have seen that people used the cash to address immediate needs they have after floods.
“Many households have used part of the cash to build up businesses.
“The solutions we have given to them are not only addressing their immediate needs after the disaster but actually building family income for their future,” he said.

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Nimet Forecasts Three-Day Sunshine, Thunderstorms

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The Nigerian Meteorological Agency (NiMet) has predicted sunshine and thunderstorm from Monday to Wednesday across the country.
NiMet’s weather outlook released yesterday in Abuja, forecasts sunny skies on Monday with a few patches of cloud over the northern cities and prospects of thunderstorms over parts of Taraba later in the day.
According to the forecast, sunny skies with patches of clouds are expected over the North Central region with prospects of morning thunderstorm over parts of the Federal Capital Territory, Nasarawa, Kogi and Kwara States.
“Later in the day, isolated thunderstorms are anticipated over parts of the Federal Capital Territory, Kogi and Benue States.
“The southern region is expected to be cloudy with spells of sunshine with prospects of morning thunderstorms over parts of Oyo, Ekiti, Ogun, Ondo and Lagos States.
“ In the afternoon/evening periods, isolated thunderstorms are expected over parts of Enugu, Ebonyi, Abia, Ekiti, Ogun, Imo, Oyo, Ondo, Edo, Cross River, Akwa Ibom, Delta, Rivers, Lagos and Bayelsa States,” it said.
NiMet also anticipated sunny skies on Tuesday with few patches of cloud over the northern states with prospects of isolated thunderstorms envisaged over parts of Bauchi, Gombe, Adamawa, Taraba and Kaduna States during the afternoon and evening hours.
It envisaged the North Central region to be sunny with patches of cloud during the morning hours.
The agency also envisaged isolated thunderstorms over parts of the Federal Capital Territory, Plateau, Nasarawa, Kogi, Benue, Kwara and Niger States, later in the day.
“Cloudy atmosphere with intervals of sunshine is expected over the inland and coastal areas of the South, with chances of morning thunderstorm over parts of Cross River, Bayelsa, Akwa Ibom and Rivers States.
“In the afternoon/evening periods, isolated thunderstorms are anticipated over parts of Osun, Ekiti, Ondo, Imo, Anambra, Enugu, Abia, Oyo, Edo, Delta, Cross River, Akwa Ibom, Lagos, Rivers and Bayelsa States ,” it said.
It predicted a sunny atmosphere on Wednesday, with patches of cloud over the northern region, during the forecast period.
“Sunny skies with patches of clouds are expected over the North Central region with chances of isolated thunderstorms over parts of Plateau, Kogi, Nasarawa, the Federal Capital Territory and Benue States, during the afternoon/evening periods.
“ Cloudy atmosphere with intervals of sunshine is expected over the inland and coastal areas of the South with prospects of thunderstorms over parts of Anambra, Imo, Enugu, Ebonyi and Abia.”
Other states to experience cloudy atmosphere, are “Edo, Ondo, Ekiti, Ogun, Oyo, Cross River, Lagos, Akwa Ibom, Rivers, Delta and Bayelsa States, later in the day.”
NiMet urged the public to take adequate precaution as strong winds might precede rains in areas where thunderstorms were likely to occur.
The agency also urged airline operators to get updated weather reports and forecasts from its office for effective planning in their operations.

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