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NERC unbundles TCN, creates new system operator

The Nigerian Electricity Regulatory Commission (NERC) has set up the Nigerian Independent System Operator of Nigeria Limited (NISO) as it unbundles the Transmission Company of Nigeria (TCN).The transmission leg of the power sector has over the years been seen as weakest link with obsolete equipment. The unbundling announcement is contained in an Order dated April…

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EFCC, Cubana Chief Priest consider out-of-court settlement over naira abuse

The Economic and Financial Crimes Commission and celebrity barman, Pascal Okechukwu, popularly known as Cubana Chief Priest, have decided on out-of-court settlement of the naira abuse charge against Cubana. The out-of-court settlement was disclosed when the proceedings resumed on Thursday.Cubana Chief Priest had appeared before Justice Kehinde Ogundare, facing three counts related to abusing the…

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NAN, VON, NTA, FRCN to begin sports coverage soon -Information Minister

The Minister of Information and National Orientation, Alhaji Mohammed Idris, says, the four major media organisations under his ministry would soon begin holistic coverage of major sporting activities in the country. The media organisations, according to the Minister includes: News Agency of Nigeria (NAN), Voice of Nigeria (VON), Nigerian Television of Authority (NTA), and Federal…

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