April 29, 2017 7:26 PM ET

Electric Utilities

Company Overview of Transmission Company of Nigeria PLC

Company Overview

Transmission Company of Nigeria PLC operates as a transmission and systems operations company. The company is based in Abuja, Nigeria.

Plot 441

Zambezi Crescent

Maitama

Abuja,  

Nigeria

Key Executives for Transmission Company of Nigeria PLC

Chief Executive
Compensation as of Fiscal Year 2016.

Transmission Company of Nigeria PLC Key Developments

Transmission Company of Nigeria Enters into an Agreement with Egbin, Olorunsogo and Delta

The Executive Director, System Operations, Mohammed Gumel disclosed that The Transmission Company of Nigeria has entered into an agreement with Egbin, Olorunsogo and Delta power generation companies to provide the network with spinning reserves in cases of system collapse.

Government Considers To Sell Assets

Government is looking to sell stake in Transmission Company of Nigeria PLC, and taking Nigerian National Petroleum Corporation public. Government may also sell railway operation licenses to domestic and foreign private operators.

Veronica Osuhor Resigns as Managing Director, (Independent System Operator) of the Transmission Company of Nigeria

The Managing Director, (Independent System Operator) of the Transmission Company of Nigeria (TCN), Mrs. Veronica Osuhor, has resigned her appointment following a protracted dispute among key leaders in the power industry. Osuhor's resignation letter dated November 23, 2015 and addressed to the Minister of Power, Works and Housing, signals a new twist in the sharp disagreement between Manitoba Hydro International Limited (MHIL) and the Nigerian counterpart in the TCN management. Osuhor who still has three and half years left from her four-year tenure, stated in her letter that she opted to resign "following recent directive which indicates that her current role will be to understudy a MHIL-designate at a lower level". MHIL, is the management contractor of the TCN. Osuhor, who was appointed the Managing Director (ISO) of the TCN, in May 2015, was recently directed to reverse to her former status.

Similar Private Companies By Industry

Company Name Region
Afam Power Plc Middle East/Africa
Alaoji Generation Company Nigeria Limited Middle East/Africa
Eastern Electric Nigeria Limited Middle East/Africa
Egbin Power PLC Middle East/Africa
Highland Electricity Limited Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Transmission Company of Nigeria PLC, please visit www.tcnng.org. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.