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NDPHC to Export 70MW Power to Togo

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NDPHC

By Ahmed Rahma

The Niger Delta Power Holding Company (NDPHC) is working to export 70 Megawatts (MW) of power to the Republic of Togo.

The executive director of the organisation, Mr Kassim Abdullahi, disclosed this on Monday via a statement signed by the NDPHC’s Head of Communication and Public Relations, Mrs Olufunke Nwankwo.

Mr Abdullahi revealed that the power would be exported through the Calabar Power Plant.

Speaking at an inspection of the Calabar Power Plant in Odukpani, Cross River State recently, the executive director said the company already had a Power Purchase Agreement (PPA) to supply 70 Megawatt (MW) of power to Togo, a West African nation from the power plant.

While stating that the firm was also in discussion to supply another 100MW to Paradise City in Calabar, he assured Nigerians of improved power supply through the eligible customer framework.

“This is the way to go; we are working tirelessly in getting more eligible customers to ensure that this available stranded power that we have in most of the power stations are dispatched.

“More especially, most of the power stations that we have in NDPHC today are limited in their operations because of the dispatch challenges.

“We are hardly doing the full capacity because of grid constraints but with the eligible customers’ framework we are able to commence some serious drive and engagements with willing buyers of our power,” he said.

The NDPHC boss said that the plant, wholly owned by NDPHC under the Nigerian National Integrated Power Project (NIPP) programme, had five units Gas Turbines with a total designed capacity of about 600MW.

He described the plant as one of the best amongst NDPHC plants with uninterruptible gas availability and a good dispatch network.

The executive director explained that the inspection was part of the routine maintenance done on all power stations.

He said when all three units are firing, the Calabar power plant has a total capacity of 560MW available power for dispatch.

Also speaking, Mr John Oyewale, Chief Operating Officer of Calabar Power Plant explained that the plant had remained the best through the support of NDPHC management and the operation and maintenance team.

“Even though there are lots of challenges, we are able to surmount them because of the cooperation between NDPHC and us.

“With the experience, we have gained over time from other power plants, we are able to keep the plant going because of the existing cooperation in the Operations and Maintenance team,” he said.

He thanked the company’s management for supporting the team, saying “each time we want something from them they quickly get it to us and allow us to progress”.

Mr Oyewale said that at the time of the inspection when two units were working, the plant was sending 225MW to the national grid due to frequency control.

Ahmed Rahma is a journalist with great interest in arts and craft. She is also a foodie who loves new ideas. She loves to travel and would love to visit other African countries someday. She is a sucker for historical movies and afrobeat.

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Tether Invests in Fizen for Global Stablecoin Utilization

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Tether Fizen

By Modupe Gbadeyanka

To support innovative solutions that enhance financial accessibility and security in the digital asset ecosystem, Tether has made a strategic investment in a financial technology (fintech) company specializing in self-custody crypto wallets and digital payments, Fizen Limited.

This transaction will allow Fizen to integrate its innovative technology with Tether’s leadership in the stablecoin industry.

The objective is to accelerate digital asset utilization while upholding the utmost security standards. This will further solidify Tether’s role in advancing blockchain-based finance and its commitment to global financial inclusion.

According to the chief executive of Tether, Mr Paolo Ardoino, this investment in Fizen “underscores our commitment to expanding global access to efficient and reliable digital financial solutions that promote the informed responsible use of digital assets in everyday life.”

“At Tether, we recognize the crucial role of self-custodial payment infrastructure in driving real-world use cases.

“Fizen’s innovative model helps to bridge the gap between self-custody and digital payments, empowering users with greater financial independence while reinforcing our leadership as the most widely used stablecoin globally, advancing inclusive access to the financial system,” Mr Ardoino added.

Also, the chief executive of Fizen, Leo Vu, said, “Stablecoins like USD₮ will undoubtedly drive crypto payments and financial inclusion worldwide.

“The technology infrastructure is already in place, but we lack consumer-friendly applications with intuitive UI/UX to accelerate mass integration.

“Fizen is solving this by making crypto payments an intuitive part of daily transactions, allowing users to pay seamlessly without even realizing they are using blockchain technology.”

Fizen offers advanced payment technologies that facilitate seamless stablecoin transactions, making digital assets more accessible for consumers and businesses. It is one of the crypto companies delivering real value to consumers and businesses, bringing practical crypto use cases to life.

The World Bank’s Global Findex Report reveals that millions of individuals worldwide remain unbanked. People in this category consistently cite distance to the nearest financial institution and a lack of proper documentation requirements as the primary reasons they could not access traditional banking services.

This investment will enable Fizen to enhance its blockchain capabilities, facilitating the seamless integration of stablecoins across multiple blockchain ecosystems. It will also provide users access to a more efficient and user-friendly solution to store, transfer, and transact using stablecoins, eliminating restricted access or complicated documentation.

However, while stablecoins offer a compelling alternative for those excluded from traditional financial systems, their practical use in everyday commerce still faces hurdles despite clear advantages, such as lower fees, enhanced security, and near-instant transactions.

Merchant usage remains a key challenge. Through this investment, Fizen aims to bridge this gap by enabling users to pay seamlessly with stablecoins.

At the same time, merchants receive instant fiat settlements through known payment methods like QR codes and card readers. This eliminates the need for additional infrastructure, making digital asset payments more accessible and efficient for businesses worldwide.

Market projections for 2024 state that QR code payments are expected to surpass $3 trillion, with 2.2 billion users by 2025, driven by increasing smartphone penetration and the rising demand for frictionless, secure, and convenient digital transactions.

With this strategy and strong technological and business development foundations, the collaboration between Fizen and Tether looks to accelerate the widespread use of crypto payments at scale to usher in an era of seamless digital transactions.

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Dangote’s Contribution to Nigeria’s Economic Growth Excites ECCIMA

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Dangote Group

By Aduragbemi Omiyale

Dangote Industries Limited (DIL) has been commended for its contribution to the growth of Nigeria’s economy and general Arica’s development.

This applause came from the Enugu Chamber of Commerce, Industries, Mines, and Agriculture (ECCIMA) during the Dangote Group Special Day at the 2025 Enugu International Trade Fair.

The Deputy President of ECCIMA, Mr Eric Chime, who was at the event, said the conglomerate, through its various investments, has contributed to the growth and development of the domestic economy.

“We are highly delighted to welcome Dangote Plc once again to their special day at the ongoing trade fair. Their continued presence and commitment have been instrumental to the success of this annual gathering.

“Dangote’s contribution to the Nigerian economy is enormous spanning virtually every sector, from cement and food production to their recent game-changing entry into the oil and gas sector through the Dangote Refinery,” he stated.

He emphasized that the impact of the refinery, especially in regulating petroleum product prices, deserves national recognition and support.

“We call on the Federal Government to continue to support Dangote Group in its efforts to put smiles on the faces of Nigerians,” he urged.

Mr Chime further praised the president of DIL, Mr Aliko Dangote, for his visionary leadership and relentless drive for innovation, noting that the Dangote business empire represents a perfect example of what entrepreneurial excellence can achieve through research, resilience, and dedication.

In his remarks, the Deputy Regional Director for Southeast at Dangote Cement Plc, Mr Ayirioritse Okerentie, expressed gratitude to ECCIMA for providing a viable platform to engage stakeholders and show case Dangote Group’s contributions to Nigeria’s economic development. He said that the theme of the Fair, “Developing Nigeria’s Industrial Sector/SMEs for Economic Advancement & Global Recognition” speaks directly to the core mission of Dangote Group.

“As Africa’s largest indigenous manufacturing conglomerate, we are focused on Production, Prosperity, Power, and Pride. We believe the industrial sector, and by extension SMEs, can play a transformative role in job creation, import substitution, and overall economic advancement.

“The industrial/manufacturing sector has the capacity to impact significantly on the economy especially in the creation of jobs, provision of goods, reduction in imports of finished products and adding of value to our raw materials. It is generally accepted that a nation’s economic wellbeing is largely dependent on the industrial/manufacturing sector,” Mr Okerentie said.

“The industrial/manufacturing sector is labour intensive, could create millions of both direct and indirect employments for people of diverse skills such as administrators, accountants, engineers, technicians, marketing & sales among others.

“It can also create indirect employment for supply chain actors in other sectors of the economy such as raw materials suppliers, logistics and transportation, farmers, and miners,” he added.

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The LOGIC Church Plans ‘Jesus + Nothing Worship’ for Good Friday

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Apostle Flourish Peters The Logic Church

By Dipo Olowookere

On Friday, April 18, 2025, all roads will lead to the headquarters of the Love of God in Christ (LOGIC) Church in the Lekki area of Lagos State for an uplifting evening dedicated to expressing the message of the death, burial and resurrection of Jesus Christ in music.

The day, which is Good Friday, has been set aside to celebrate the death, burial and resurrection of Jesus Christ, which is the cornerstone of Christian faith.

Christian faithful from across the global will gather for the hybrid programme tagged Jesus + Nothing Worship, a platform that provides worshippers an opportunity to connect with the essence of the Gospel in worship.

Soul-lifting singers expected to minister on that day include Neon Adejo, Greatman Takit, Victor Thompson, Timi Dakolo, Samuel Giveson (SMJ), Noble G, Steve Hills, and Lily Perez.

Others are Joxie, Anderson Qozan, Pastor Victor Paul, EmekaSongz, Flo, Dorcas Moore, Magpsalms, Mera Owili, Gerald Bishung, Phebe Lion, and the vibrant Evolution Children’s Choir.

The Lead Pastor and Apostolic Head of the LOGIC Church, Apostle Flourish Peters, while commenting ahead of the event, said, “As a Christocentric faith community, this event is a great way to celebrate the gift of Christ, who laid down his life for our redemption. Good Friday is a great time to have a worship celebration like this.”

“Nothing speaks to the culture of a people like the music they listen to. Jesus + Nothing Worship will contribute to shaping and mainstreaming a culture of christocentric worship, where the Gospel of Christ’s death, burial and resurrection is platformed through worship,” he added.

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