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




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.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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