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NERC Unbundles TCN, Establishes Nigerian Independent System Operator

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The Nigerian Electricity Regulatory Commission (NERC) has unbundled the Transmission Company of Nigeria (TCN).

The commission made this known in a circular dated April 30, 2023, and jointly signed by its Chairman, Sanusi Garba, and Vice Chairman, Musiliu Oseni, respectively.

NERC said following the unbundling of the TCN, it has established the Nigerian Independent System Operator of Nigeria Limited (NISO). It noted that by this order, TCN is expected to transfer all market and system operation functions to the new company.

The commission had previously issued Transmission Service Provider (TSP) and System Operations (SO) licences to TCN, in accordance with the Electric Power Sector Reform Act.

However, the Electricity Act 2023, which came into effect on June 9, provided clearer guidelines for the incorporation and licensing of the independent system operator (ISO), as well as the transfer of assets and liabilities of TCN’s portion of the ISO.

Therefore, in the circular, the commission ordered the Bureau of Public Enterprises (BPE) to incorporate, unfailingly on May 31, a private company limited by shares under the Companies and Allied Matters Act (CAMA), 2020.

The company, NERC said, is expected “to carry out the market and system operation functions stipulated in the Electricity Act and the terms and conditions of the system operation licence issued to TCN.

It said: “The name of the company shall, subject to availability at Corporate Affairs Commission, be the Nigerian Independent System Operator of Nigeria Limited (NISO).

“Citing the object clause of the NISO’s memorandum of association (MOU) as provided in the Electricity Act, NERC said the company shall “hold and manage all assets and liabilities pertaining to market and system operation on behalf of market participants and consumer groups or such stakeholders as the Commission may specify.”

NERC said the new ISO will also be responsible for negotiating and entering into a contract for the procurement of ancillary services with independent power producers and successor generation licensees.

The Commission added that it will generally carry out market and system operations functions as specified under the Electricity Act and the terms of its licence in the interest of market participants and system users.

NERC said the company is expected to carry out all market and system operation-related contractual rights and obligations handed over by TCN.

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Rivers Assembly Suspends Impeachment Move Against Fubara After Tinubu’s Intervention

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The Rivers State House of Assembly has officially suspended impeachment proceedings against Governor Siminalayi Fubara and his deputy, Ngozi Odu, following President Bola Tinubu’s intervention.

The House moved the motion to halt the impeachment process on Thursday at its resumed sitting in Port Harcourt, the state capital.

JomogNews had reported that during its first sitting of 2026, the House had begun impeachment proceedings against the governor and his deputy over allegations of gross misconduct, including the demolition of the State Assembly complex and alleged spending without legislative approval, among other claims.

More details later….

 

 

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Tragedy In Ondo: Gunmen Attack Palace, Traditional Ruler Killed

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The Ondo State Police Command has confirmed the assassination of Oba Kehinde Falodun, the traditional ruler of the Agamọ community.

According to command spokesperson DSP Abayomi Jimoh, the monarch was attacked on Wednesday at approximately 7:10 p.m.

Jimoh said the information was received by the division at about 7:50 p.m. from a community leader, High Chief Ajewole Clement of New Town, Itaogbolu,

He said the information indicated that approximately six armed men stormed the residence of the traditional ruler, forcibly took him from his compound, and subsequently fled the scene.

“The victim was later found a few metres away with gunshot wounds. He was confirmed dead at the scene.

“Upon receipt of the report, the Divisional Police Officer (DPO), alongside tactical teams from the command, promptly mobilised officers in collaboration with local security outfits.

“Atuluse Security, local hunters, and Amotekun operatives also assisted to comb adjoining bushes and surrounding areas in a bid to apprehend the perpetrators. Efforts are ongoing to track down and arrest the fleeing suspects.

“Monitoring and surveillance activities have been intensified across the area to ensure the safety of residents and prevent further breakdown of law and order.

“The public are assured that no stone will be left unturned in bringing those responsible for the heinous act to justice,” he said.

According to him, members of the public with credible and actionable information are urged to report to the nearest police station or contact the command.

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37 Miners Killed By Toxic Gas In Plateau; FG Yet To React

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The Federal government has remained silent after reports emerged that carbon monoxide, a poisonous gas, left 37 miners dead and 25 hospitalized at a mining site located in the Zurak Wase Local Government of Plateau State.

This was disclosed in a report by a security journalist, Zagazola Makama, on Wednesday.

Sources told Makama that the incident occurred at the Solid Mining Company early on Feb. 18.

The victims are between 20 and 35 years old and were conducting routine mining operations when they inhaled toxic gas that had accumulated in the poorly ventilated tunnels, the report said.

Makama said, “The site is under strict control, and emergency protocols are being followed to manage the situation,” a source told Makama.

Meanwhile, there is no indication that the Nigerian government nor the Plateau State, and security operatives have reacted to the incident or done anything on the matter.

There are no official statements from both quarters confirming or debunking the incident as of filing this report on Wednesday.

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