General
FG to Fast-Track SCADA System to Halt Recurring Grid Collapse
By Adedapo Adesanya
To tackle the reoccurring cases of grid failure, the federal government has said it would fast-track the purchase and installation of a Supervisory Control and Data Acquisition (SCADA) system.
The SCADA system is software used to monitor and control an electrical grid system based on the information it collects from the substations within that system.
This is as the country witnessed the fifth grid collapse this year over the weekend.
Following the federal government’s failure to acquire the SCADA, the supply system has been unable to provide remote coverage and relay of interconnected network communication to enable Distribution Companies (Discos) have real-time access to monitor and control their distribution infrastructure.
This indicates that Nigeria’s discos still use the analogue system of detecting faults within their networks.
However, the FG said SCADA would assist in monitoring/controlling existing injection and distribution substations.
It would further reduce downtime, help in faults location, track and restore the system in cases of collapses, increase revenue generation as well as reduce Aggregate Technical, Commercial and Collection (ATC&C) losses.
In March 2022, the country witnessed a blackout twice amid a severe fuel crisis as well as in January and February this year. The latest system collapse occurred twice within a few hours.
The grid, which is being managed by the government-owned Transmission Company of Nigeria (TCN) has continued to suffer system collapse over the years amid a lack of spinning reserve that is meant to forestall such occurrences.
A statement issued on Saturday by the Minister of Power, Mr Abubakar Aliyu, signed on his behalf by his Special Adviser, Media, Mr Isa Sanusi, noted that the stakeholders were working round the clock to ensure that normalcy is restored as soon as possible.
Mr Aliyu added that power has already been restored in several parts of the country since the latest incident, noting that it was carrying out reforms to ensure that such power failures are reduced to the minimum.
“We wish to notify the general public of the incidence of a system collapse which occurred at 1830 hours on April 8, 2022, resulting in power outages in many parts of the country.
“While a detailed investigation into the immediate and remote causes of the recurring grid failure is currently ongoing by the Nigerian Electricity Regulatory Commission (NERC) and System Operator (the operator of the national grid), the process of restoring supply is ongoing with some sections of the national grid already energised and supply restored to consumers.
“We wish to assure Nigerians that the federal government is working assiduously to deliver on the much-needed reforms and investments, including SCADA, that are critical to improving the capacity and reliability of the national grid.
“This is in line with the Mr President’s directives on closing infrastructure deficits in critical sectors of the Nigerian economy,” the minister explained.
Also, the FG blamed the current nationwide blackout on the damage done by suspected vandals to one of its facilities in the Niger Delta.
It stated that the vandalism of the transmission tower in Odukpani Ikot- Ekpene resulted in the substantial loss of power generation.
“Further to our earlier press release, we wish to apprise the general public that the immediate cause of the national blackout (system collapse) was an act of vandalism on a transmission tower on the Odukpani Ikot Ekpene 330kV double circuit transmission line.
“This resulted in a sudden loss of about 400MW of generation. This consequently led to a cascade of plant shutdowns across the country.
“We wish to notify the public that power on the grid is being restored sequentially by the system operator as other on-grid power plants are being dispatched to cover the lost generation capacity from the Calabar power plant owned by the Niger Power Holding Company Ltd.,” the Minister noted.
By Emmanuel Udom
The Abeokuta diocese of the Catholic Church in Ogun State is set to hold a one-day training for all parish correspondents across its over 69 parishes in the state.
Business Post gathered that the training is planned for Saturday, May 3, 2025, at the St Peter & Paul Catholic Hall, located at Itesi along Adetan Road in Abeokuta, Ogun Sstate.
The training will commence from 10 am to 2.30 pm and the event is coming ahead of the church’s Communications Week (ComWeek) fixed for May 25 to June 1, 2025, at the same venue.
The Social Communication Director for the diocese, Fr Gregory Fadele, in a statement said all parish correspondents are expected to be at the venue of the training on or before 9.30 am for registration.
He, however, disclosed that no proxy arrangements would be allowed as refreshments, stationary, certificate of participation, and others would be given to each correspondent drawn from all the parishes of the Catholic church in Ogun State.
By Adedapo Adesanya
African Export-Import Bank (Afreximbank) has backed plans to set up an oil trading house called Africa Trading Minerals (Atmin), which will finance the purchase of refined petroleum products by African and Caribbean oil buyers.
The bank has invested $3 billion in the trading house, which it expects to finance about $10 billion to $14 billion of Intra-African petroleum imports.
Atmin will be based in Dubai, the United Arab Emirates, and is expected to have around 15 employees.
It will start with crude and then expand into oil products and minerals, according to reports.
Afreximbank will be a controlling shareholder at Atmin, while employees will own some 15 per cent of the firm.
The move takes place as oil majors and Western banks retreat from Africa, and the continent is facing a decline in oil and gas production due to under-investment, while also spending $30 billion annually on fuel imports.
It is also seeking to address Africa’s persistent reliance on imported refined petroleum products, which accounted for an amount of $30billion annually in petroleum import costs due to inadequate refining.
Key products to be traded are refined petroleum products including but not limited to Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), Heavy Fuel Oil (HFO), Jet Fuel, and Kerosene. The eligible exporters are refineries operating in Africa.
According to Reuters, Atmin will be run by Mr Ajay Oommen,a former Shell executive who worked for the oil major for for 17 years as well as Mr Vikram Thakur, who worked for 18 years at Shell, including in business development, trading origination and structured finance, as well as Mr Joseph Kanaan, a trader at Shell for 11 years.
Speaking on this, Mr Benedict Oramah, President and Chairman of the Board of Directors, Afreximbank, said that the development will have a direct impact on the volume of the refined petroleum products produced and consumed in Africa.
“It will also have a multiplier effect on the downstream petroleum value chain as it will catalyse critical investments in shipping and marine logistics for intra and extra African trade of crude oil and refined products.
“The multiplier effect will also be seen in marine cargo insurance and other ancillary businesses within the sector. We want to see an increased proportion of the about 4 mbpd of crude oil produced in the Gulf of Guinea refined in Africa,” he said.
By Modupe Gbadeyanka
A popular Lagos-based socialite, Mr Emeka Daniel Okonkwo, otherwise known as E-Money, has been apprehended by the Economic and Financial Crimes Commission (EFCC).
The younger brother of a well-known musician, KCee, whose real name is Mr Kingsley Okonkwo, was reportedly arrested by the agency on Monday night at his residence at Omole Estate, Lagos.
He was accused of spraying foreign currency at a public function recently, an act believed to be against the Foreign Exchange Act.
At the time of filing this report, the EFCC has not reacted to reports of E-Money’s arrest.
The organisation is said to be looking into the matter with a view to prosecuting the socialite for the alleged offence.
He was said to have been flown to Abuja for questioning and should be taken to court to face the full wrath of the law if the agency is certain that he has committed an offence.
Recall that some days ago, E-Money was at the 50th birthday of another socialite, Mr Obinna Tochuukwu Iyiegbu, otherwise known as Obi Cubana, in Abuja.
He was also spotted at the wedding ceremony of Iyabo Ojo’s daughter in Lagos.
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