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Egbin Power Wins Electricity Generation Company of the Year Award

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Electricity Generation Company of the Year Award

By Modupe Gbadeyanka

For its unwavering commitment to operational excellence and resilience in the face of industry-wide challenges, a leading publication in the energy, oil and gas sector, Energy Times, has named Egbin Power Plc the winner of the Electricity Generation Company of the Year award.

The largest privately-owned thermal power generation company in Nigeria thanked the organisers for the honour, noting that recognition in Nigeria’s power industry is earned through consistent performance rather than visibility.

The energy firm emphasised that despite persistent structural constraints within the sector, its responsibility remains clear in delivering reliable megawatts to the national grid.

The Energy Times Awards took place recently in Ikeja, Lagos, with key stakeholders across the energy value chain in attendance to celebrate excellence and innovation within the industry.

Energy Times, in its citation, commended Egbin Power for its notable improvements in average hourly power generation in 2025, achieved despite industry-wide challenges.

It noted that the organisation sustained commendable output through enhanced operational efficiency, proactive asset management, and a firm commitment to national grid stability, further cementing its strategic importance in Nigeria’s power sector.

While receiving the accolade, Egbin Power said it has made “a deliberate choice to be reliable, disciplined, and performance-driven.”

“This recognition reflects the resilience of our people, the strength of our operations, and our unwavering commitment to powering Nigeria sustainably,” the company said in a statement.

It further highlighted that the award is rooted in measurable outcomes, while acknowledging that much work remains to be done in strengthening the sector.

Egbin Power also reiterated that sustainable power extends beyond generation, stressing the need for an efficient end-to-end electricity value chain where every megawatt generated translates into value delivered and revenue recovered, affirming its commitment to leading industry conversations and setting performance benchmarks through example.

Speaking on the recognition, the chief executive of Egbin Power Plc, Mr Mokhtar Bounour, dedicated the award to the company’s workforce.

“All the credit for this recognition goes to the team, whose dedication, discipline, and determination continue to translate into outstanding results,” he said.

He also acknowledged the board’s unwavering support, noting that strong alignment between governance and management has been critical in consistently raising performance standards.

Mr Bounour further highlighted the role of Sahara Group in driving innovation and sustainability across the business. According to him, the organisation remains focused on creating value for its stakeholders while contributing meaningfully to national development.

“We are not just generating power, we are powering the future. Technology will remain at the heart of this transformation, while sustainability and affordability are not ambitions, they are our standard,” he added.

Sahara Group Foundation, the CSR arm of Sahara Group (Egbin Power’s parent company), was also named the Social Impact Company of the Year for its significant contributions to sustainable development and socio-economic progress in Nigeria’s oil and gas sector and across Africa.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Nigeria’s Mobile Subscribers Grow 15.1 million Year-on-Year

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airtel glo MTN 9mobile subscribers

By Adedapo Adesanya

Active mobile subscriptions in Nigeria increased by 15.1 million or 8.7 per cent year-on-year to 188.0 million in April 2026 from 172.9 million in April 2025, according to the latest data from the Nigerian Communications Commission (NCC).

On a month-on-month (MoM) basis, subscriptions grew by 2.3 million or 1.2 per cent from 185.7 million in March 2026, reflecting continued momentum in subscriber acquisition across the telecommunications sector.

The sustained growth in mobile subscriptions is largely attributable to the easing of key regulatory and operational challenges that previously constrained industry expansion.

Notably, improved compliance with SIM registration and National Identification Number (NIN) linkage requirements has facilitated the reactivation of previously deactivated SIM cards, contributing significantly to the increase in active subscriptions.

Furthermore, enhanced customer onboarding processes and more efficient SIM reactivation procedures implemented by network operators have further supported subscriber growth.

MTN Nigeria maintained its market leadership position, recording a net subscriber addition of 632,209, bringing its total to 96.4 million in April 2026, up from 95.8 million in March.

Trailing was Airtel Nigeria, which delivered the strongest growth among the major operators, adding approximately 1.0 million subscribers, bringing its customer base to 64.7 million from 63.6 million in the preceding month.

Globacom also sustained its recovery momentum, with its subscriber base expanding by 538,704 to 23.2 million from 22.6 million. Meanwhile, 9mobile (T2) recorded modest growth, increasing its subscriber base to 3.54 million from 3.48 million.

There are expectations that subscriber growth will continue as more Nigerians seek favourable rates when it comes to data and voice, while higher smartphone penetration, ongoing investments in 4G and 5G network infrastructure, and expanding broadband coverage continue.

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Global Experts to Analyse Reporting Problem in PR

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Reporting Problem in PR

By Modupe Gbadeyanka

Friday, June 26, 2026, will provide an opportunity for some global experts in Public Relations reporting to analyse what need to change in the ecosystem.

The international panel of communications, media intelligence, and measurement professionals is being convened by P+ Measurement Services.

P+ Measurement Services is Nigeria’s leading independent media intelligence and PR measurement agency, helping organizations evaluate reputation, communication performance, and media impact through data-driven insights and globally recognized measurement standards.

At the virtual session themed Why Most PR Reports Fail: How Smarter Insights Can Change That, panellist will discuss how organisations can move beyond reporting outputs and activity metrics toward intelligence that supports business strategy, reputation management, and leadership decision-making.

The session will feature insights from Todd Murphy, Executive Director, Global Media Insights at Infoesearch and President of FIBEP; Paige Lingwood, Insights Consultant at CARMA; Tolulope Akin Aribisala, Managing Director of LSF PR; and Chidimma Ugbojiaku, Assistant Vice President, External and Government Relations, Brand and Corporate Communications.

Drawing from their experiences across communications, research, media intelligence, and stakeholder engagement, the speakers will share practical approaches to building reports that deliver relevance, context, and measurable value to organisations.

The event is open to communications professionals, public relations practitioners, corporate affairs leaders, media intelligence specialists, researchers, and executives seeking to strengthen the role of measurement in strategic decision-making.

A statement from the organisers disclosed that participation is free, but registration is required via https://bit.ly/4uL8tZf.

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PenCom Directs MDAs to Submit Retirees’ Data for Exit Benefit Scheme

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PENCOM pencom fraud

By Adedapo Adesanya

The National Pension Commission (PenCom) has directed treasury-funded Ministries, Departments and Agencies (MDAs) to submit details of employees who retire before December 31, 2026, as part of preparations for the implementation of the federal government’s newly approved Exit Benefit Scheme.

In a circular dated June 16, 2026, PenCom said the information must reach the Commission on or before July 6, 2026, warning that submissions must be complete, accurate and strictly comply with the prescribed template.

The circular, signed by the Acting Head of the Contribution and Bond Redemption Department, Mr Murtala M. Modibbo, was addressed to heads and chief executive officers of treasury-funded federal MDAs.

According to PenCom, the data collection exercise is critical to the smooth rollout of the Exit Benefit Scheme, which was recently approved by the federal government for employees of treasury-funded MDAs.

“The National Pension Commission is pleased to inform you that the Federal Government has approved the implementation of an Exit Benefit Scheme for employees of Treasury-funded Ministries, Departments and Agencies,” the circular stated.

PenCom directed affected MDAs to forward the required information through designated official email addresses before the July 6 deadline. The commission explained that the scheme provides for the payment of 100 per cent of the final total annual emoluments of eligible retiring employees who have served for a minimum of 10 years at the point of exit from service.

The benefit takes effect retrospectively from January 1, 2026.

To support implementation, PenCom said the Head of the Civil Service of the Federation has already issued guidelines outlining eligibility requirements, documentation, payment procedures, budgeting processes and the responsibilities of MDAs under the scheme.

The commission also disclosed that it is upgrading its Contribution and Bond Redemption Application to incorporate a dedicated Exit Benefit Scheme sub-module.

The Exit Benefit Scheme is one of the measures introduced under the provisions of the Pension Reform Act 2014 to provide enhanced financial support for retiring public servants in treasury-funded federal institutions.

Under Nigeria’s Contributory Pension Scheme (CPS), employees and employers make periodic pension contributions into Retirement Savings Accounts managed by Pension Fund Administrators. However, labour groups and retirees have often raised concerns about the adequacy of retirement benefits, particularly amid rising inflation and the increasing cost of living.

The introduction of the Exit Benefit Scheme is expected to provide an additional financial cushion for eligible federal workers at retirement while helping to strengthen social protection for public servants after active service.

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