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TCN pledges improved power supply

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The Managing Director of the Transmission Company of Nigeria (TCN), Sule Abdulaziz, has pledged to improve bulk power delivery, making it more viable, reliable, and beneficial for Nigerians.

Mr Abdulaziz, who made the pledge in a statement by Ndidi Mbah, TCN’S general manager, public affairs, said that he would also make the transmission network more reliable.

He spoke at the first town hall meeting with TCN staff following his reappointment by President Bola Tinubu to a second five-year term.

He described his reappointment as a call to greater responsibility, as it is directly aligned with the directive and vision of Tinubu under the Renewed Hope Agenda for the power sector.

”That agenda is clear, to implement practical, measurable, and sustainable reforms that will significantly improve power delivery and ensure that the electricity sector becomes viable, reliable, and beneficial to all Nigerians,” he said.

He further said that Nigeria’s transmission network had made measurable, verifiable progress over the past decade.

Mr Abdulaziz added that grid wheeling capacity had increased from about 5,000 megawatts in 2015 to over 8,700 megawatts.

According to him, this expansion has been driven by sustained investments in transmission infrastructure, including the addition of multiple power transformers and the completion of several 330 Kilovolt (kV) and 132 kV projects across the country.

He said that, despite frequent public criticism, TCN had one of the most technically skilled workforces in the power sector, as evidenced by the results it has achieved.

The TCN boss said that, through major donor-funded programmes, including the World Bank Transmission Rehabilitation and Expansion Programme and the African Development Bank transmission projects, the company has significantly strengthened grid capacity across several regions.

He added that the feat was achieved through collaborations with the Japan International Cooperation Agency and the Agence Française de Développement,

”TCN has installed over 82 transformers in 23 months. Notably, 15 units of 300 megavolt-ampere power transformers were deployed across several transmission stations.

”These include Akangba, Lekki, Alagbon, Ikeja West, Osogbo, Ganmo, Jos, Gombe, Kumbotso, Asaba, Oke Aro, Benin, Alaoji, and Katampe, within the second half of 2025 alone.

“We have also successfully inaugurated multiple high-capacity transformers across substations such as Ajah, Egbin, Enugu, Onitsha, Gombe, Kano, Abuja, Jos, and Benin, strengthening transmission capacity and improving grid reliability,” he said.

According to him, the TCN has also improved grid stability through targeted interventions, the rehabilitation of ageing infrastructure, and enhanced maintenance practices.

Mr Abdulaziz said that the company’s protection systems had been strengthened, system disturbances had been reduced, and operational coordination across regions had improved significantly.

He also took the opportunity to commend the management team, union leadership, and staff members for their support, dedication, and collaboration in positioning TCN as a leading transmission company.

He said that the achievements recorded by TCN were not accidental but the result of hard work, dedication, and resilience among staff.

“In this new phase, we intend to go a step further. Our goal is simple: to work together as partners in driving the growth, stability, and success of this company.

”Infrastructure growth must now translate into what matters most to Nigerians: stable, reliable, and consistent bulk supply of electricity that will be delivered to distribution load centres for onward delivery to their customers,” he said.

Earlier, in her welcome address, Mrs Abiodun Fadahunsi, executive director of human resources and corporate services at TCN, said that the meeting was a platform for management to openly engage and share ideas with staff members.

Mrs Fadahunsi said that the initiative reflected management’s commitment to transparency, inclusiveness, and continuous improvement.

“In a critical sector such as power transmission, it is important for the members of staff to remain aligned, informed, and connected to enable them to work as a team to meet evolving industry demands,” she said.

According to her, every employee has a crucial role to play in the company’s success.

Also speaking, the Executive Director, Transmission Service Provider (TSP), Mr Olugbenga Ajiboye, reiterated the need for commitment of all TCN staffers to ensure the administration’s success,

The Executive Director of Finance and Accounts, Mr Chuks Ochije, assured that the management would continue to do everything within its power to ensure workers’ benefits are paid promptly.

(NAN)

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NCC Chief Aminu Maida to Keynote 2026 DigitalSENSE Forum in Lagos

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The Executive Vice Chairman and CEO of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, is set to deliver the Keynote Address at the upcoming 2026 Nigeria DigitalSENSE Forum (NDSF) on Internet Governance for Development (IG4D). Scheduled for this Thursday, June 11, 2026, at the Banquet Hall, Welcome Centre Hotels in Lagos, the landmark 17th milestone edition will anchor its deliberations on the crucial theme: “Sustaining WSIS Vision with Multistakeholder Synergy in Nigeria.”

Dr. Maida’s address will focus on the regulatory frameworks required to preserve the World Summit on the Information Society (WSIS) vision through inclusive, multi-stakeholder partnerships. The high-level forum and its prestigious industry awards have rallied robust support from the foundational pillars of Nigeria’s telecommunications and digital infrastructure ecosystem.

Major public and private sector players are heavily backing the forum as part of their commitment to promoting critical national infrastructure and securing Nigeria’s digital possibilities. Among the leading sponsors driving this momentum are IHS Nigeria—the nation’s premier digital infrastructure champion boasting over 16,000 telecom towers and 15,000km of fiber optic cables—and data center colocation leader Digital Realty.

Ogbuefi Remmy Nweke, the Editor-in-Chief of host media organization ITREALMS Media Group, commended the immense institutional support flowing from the industry ahead of the event.

“Achieving sustainable internet governance and digital trust requires an intentional alignment of regulation and infrastructure,” Nweke remarked. “The active collaboration of the NCC, IHS Nigeria, and Digital Realty ensures that the 2026 forum will move beyond mere dialogue to produce clear, actionable policy recommendations for our digital economy.”

The event will be presided over by Dr. Olusola Teniola (hon), Director of Strategic Business Initiatives at ipNX Nigeria and former President of the Association of Telecommunications Companies of Nigeria (ATCON), who will deliver the Chairman’s Opening Speech on the 2026 NDSF blueprint.

A broad coalition of leading telecommunications, technology, and internet governance stakeholders have also thrown their weight behind the event. These include ICT infrastructure leader MTN Nigeria; the Association of Licensed Telecoms Operators of Nigeria (ALTON); premier software and DNS infrastructure firm Upperlink Limited; and the Nigeria Internet Registration Association (NiRA), managers of the .NG country code Top Level Domain name.

The post NCC Chief Aminu Maida to Keynote 2026 DigitalSENSE Forum in Lagos appeared first on Business Today NG.

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Stanbic IBTC Holdings disclaims WhatsApp scheme offering investment opportunities

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Stanbic IBTC Holdings Plc has disclaimed responsibility for social media advertisements, asking the public to join WhatsApp groups that purportedly offer them investment opportunities with “guaranteed returns” in “high-quality stocks.”

The financial services group disclosed in a regulatory filing on Wednesday that such advertisements are fraudulent, false and unauthorised.

The announcement followed the circulation of social media posts featuring the image of Busola Jejelowo, the CEO of Stanbic IBTC Asset Management Limited, together with the Stanbic IBTC Stockbrokers logo.

“They do not originate from Stanbic IBTC Holdings PLC or any of its subsidiaries, and they have not been approved, endorsed, or issued by the group in any form,” the financial institution said.

“The use of our name, logo, brand identity, and the images of our executives in these materials is fraudulent and intended to deceive unsuspecting individuals,” it added.

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The bank holding company disclosed that it has already reported the fraudulent activities to the Securities and Exchange Commission of Nigeria.

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Stanbic IBTC Holdings advised people who have already fallen prey to such dubious schemes, or who have made payments or disclosed any personal or financial information, to report the matter immediately to the nearest law enforcement agency.

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It urged the public to be cautious of unauthorised communications by individuals purporting to be associated with Stanbic IBTC, especially when they relate to investments and promises of financial returns.

Customers should rely only on authentic and verified information about Stanbic IBTC communicated through its official communication platforms, it said.

“Such messages should be treated as suspicious unless independently verified through our official channels,” Stanbic IBTC Holdings stated.

“For authentic and verified information about Stanbic IBTC and its products and services, please rely only on our official communication platforms, including @StanbicIBTC on Facebook, LinkedIn, X (Twitter), Instagram, and YouTube.”

It further expressed its commitment to taking all appropriate steps to safeguard its brand and customers from fraudulent and deceptive activities.


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