General
NGX Group Obtains EDGE Certification
By Aduragbemi Omiyale
The Nigerian Exchange (NGX) Group Plc has been awarded the EDGE certification, becoming the first exchange group globally and the first indigenous organization to be EDGE certified.
NGX Group was certified at the EDGE Assess level, which highlights the progress the company has made on diversity, equity, and inclusion and its commitment to ensuring equal opportunities across its talent pool.
EDGE stands for Economic Dividends for Gender Equality. It is the leading global standard for Diversity, Equity, and Inclusion (DE&I), centred on a workplace gender and intersectional equity approach.
The certification process involved employee surveys, analysis of group-wide workforce statistics, focus group discussions, and a rigorous third-party audit of all data provided by the company and its policies and practices related to diversity, equity, and inclusion.
Commenting on the feat, the Group CEO of NGX Group, Mr Oscar Onyema, said, “We are thrilled to have achieved yet another first in our efforts to promote gender equality and champion Africa’s sustainable development.”
“This certification demonstrates our dedication to creating an inclusive, equitable, and diverse workplace. At NGX Group, we believe that diversity and inclusivity are fundamental to our success.
“With the EDGE certification, we now benefit from being verified against global best standards as we continually measure and benchmark progress around gender equality,” he added.
“From a governance standpoint, commitment to gender equality is not only the right thing to do but the best thing to do, as it drives better business results.
“As a central player in the capital market, we remain resolute in our effort to galvanise the ecosystem for sustainable impact through our wholly owned subsidiaries, Nigerian Exchange Limited (NGX), NGX Regulation Limited (NGX RegCo) and NGX Real Estate Limited (NGX RelCo), and other key stakeholders. This starts with building a workplace that is inclusive and equitable for all our employees,” Mr Onyema further stated.
Kalim M. Shah, IFC’s Senior Country Manager for Nigeria, Liberia and Sierra Leone said, “Stock exchanges play a crucial role in driving gender equality in the private sector, unlocking business opportunities and promoting economic development.
“IFC is pleased to have supported the Nigerian Exchange Group as the first stock exchange globally to attain the EDGE Gender Certification, creating stronger transparency and accountability for its role in championing workplace gender parity in Nigeria, and serving as a model for other exchanges across Africa and globally.”
Aniela Unguresan, Founder, EDGE Certification Foundation, said “Through the certification process, the Nigerian Exchange Group has strengthened its foundation for promoting gender equity in the organization. The attainment of the EDGE Assess Certification is a clear indication of the Nigerian Exchange Group’s commitment to implementing intentional, prioritized, and measured actions towards achieving greater gender equity in the workplace.”
The EDGE certification is globally renowned for its extensive focus on analysing business practices through an impact lens. It lends further credence to NGX Group’s gender leadership in the capital market as it drives impact in partnership with International Finance Corporation (IFC) on the Nigeria2Equal (N2E) project.
The conferment of EDGE Assess has also provided a quantifiable and qualitative outlook to the combined efforts of NGX Group of companies and IFC on closing the gender inclusion gap in the private sector and mainstream more opportunities for women, without leaving men behind. Gender champions under N2E can now follow the lead of NGX Group to enable better conditions for their workforce and push for equitable outcomes.
By Aduragbemi Omiyale
The time has come for the adoption of innovative solutions to enhance efficient power generation and distribution in Nigeria, the chief executive of Egbin Power Plc, Mr Mokhtar Bounour, has submitted.
Mr Bounour gave this suggestion at the Shell Power Conference 2025 themed Powering Nigeria’s Energy Future: Bridging the Gap Between Ambition and Action in Lagos recently.
The high-level gathering brought together key stakeholders, industry leaders, and policy experts to deliberate on actionable pathways for powering Nigeria’s energy future.
At the event, the Egbin Power chief also called for a sustainable development in the electricity industry, reaffirming the company’s unwavering commitment to this action.
“While compliance with health and safety standards comes first in generating electricity safely, our actions and commitment to providing adequate and reliable electricity to power industries, hospitals, strategic institutions, schools, and homes will enhance socio-economic development in Nigeria.
“Our collective actions and collaborations among players across generations, transmission, and distribution will catalyse improvement of the current situation we have now.
“We have explored how collaboration can unlock transformative investments, improve liquidity, and accelerate the adoption of cutting-edge technologies that will drive operational excellence,” Mr Bounour noted, stressing that the path forward must focus on efficiency, strategic partnerships, and the adoption of innovative solutions to enhance power generation and distribution in Nigeria.
“The challenges ahead are real, but so is our shared determination,” he noted, pointing out the importance of stakeholder collaboration and regulatory support in transforming the sector.
He reiterated Egbin’s readiness to partner across value chains to drive results, noting that the company continuously invests in innovation and operational upgrades to meet Nigeria’s growing energy demand.
“We are further driven by our commitment to real progress and turning our vision into results by building a truly sustainable energy ecosystem,” he shared, stating that, “The road to a brighter energy future requires our collaboration, and I believe that together, we can close the gap between where we are and where we need to be. The future of Nigeria’s energy sector is not a dream. It is a mission, let’s power it together.”
By Adedapo Adesanya
The gas arm of the Nigerian National Petroleum Company (NNPC) Limited, the Gas Marketing Limited (NGML), has expanded its supply portfolio with the signing of a Natural Gas Sale and Purchase Agreement (GSPA) with CCETC Suk Power Limited.
The agreement enables the delivery of up to 44 million standard cubic feet per day (MMscf/d) of natural gas, further strengthening NGML’s role in Nigeria’s energy distribution chain.
The new deal, announced at the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Business Development Forum in Abuja, builds on the company’s existing agreement with GasHub Nigeria Limited and underscores its growing footprint in the midstream sector.
The gas supply deal is expected to significantly improve power generation capacity and support liquefied natural gas production, contributing to the nation’s industrial and energy security goals.
NGML noted that by increasing access to gas, it is also helping industries reduce dependency on diesel and other carbon-heavy fuels.
The AKK Gas Pipeline, a key strategic project for NNPC Limited is designed to connect gas-rich southern regions to demand centers in the north. The pipeline has been tagged as a game-changer for industrial growth, power generation, and regional energy access.
The agreement comes at a time when the federal government is intensifying efforts to scale up gas utilization across the country in line with the Decade of Gas initiative.
With this expansion, NGML is positioning itself as a reliable gas off-taker for large-scale industrial and power projects, driving economic development and enabling job creation.
The gas supply is also expected to benefit emerging industrial clusters along the AKK corridor, improving competitiveness and attracting new investments.
By Adedapo Adesanya
As the Transmission Company of Nigeria (TCN) begins a 25-day maintenance of the Omotosho – Ikeja West 330kV power line on Monday, there is pressing worry about its impact on productivity and business operations in Lagos State.
The TCN in a statement said the Nigerian Electricity Regulatory Commission (NERC) and the National Independent System Operator (NISO) have approved the “critical infrastructure upgrade”.
“The upgrade involves the installation of Optical Ground Wire (OPGW) fibre cable on the Omotosho/Ikeja West 330kV transmission line, scheduled from July 28, 2025, to August 21, 2025 from 8 am to 5 pm,” the TCN said in a statement by its General Manager (GM), Public Affairs, Ndidi Mbah.
During the period, the agency said, “power will be restored through the line after each day’s work, all other circuits will remain operational to ensure a stable power supply to the Lagos complex during the exercise”.
It said the upgrade will “enable full operationalization of the Supervisory Control and Data Acquisition (SCADA) system” and enhance the real-time monitoring and management of the power grid.
Meanwhile, the two electricity distribution companies operating in Lagos State: the Eko Electricity Distribution Company (EKEDC) and the Ikeja Electricity Distribution Company (Ikeja Electric) have informed customers about the planned upgrade.
In separate public notices, both Discos said there will be “intermittent power supply” during the period.
EKEDC wrote: “Dear Valued Customer, Kindly be informed that there will be a planned outage by our partner, Transmission Company of Nigeria (TCN).
Date: Monday, 28th July to Thursday, 21st August, 2025.
Time: 08:00 – 17:00 hrs (daily).
Reason: To enable works to be safely carried out on the Omotosho – Ikeja West 330kV power line.
Impact: Intermittent outage and load shedding across our network.
Affected Areas: Across our network coverage.”
“Dear Esteemed Customer, please be informed that the Transmission Company of Nigeria (TCN) will carry out scheduled maintenance on the Omotosho-Ikeja West 330kV transmission line from Monday, July 28, to Thursday, August 21, 2025, between the hours of 8:00 AM and 5:00 PM daily.
“During this period, customers may experience intermittent power supply and load shedding across our network due to the planned TCN outage,” Ikeja Electric said.
Despite this assurance, electricity users are dreading the development and its possible impact on work and business operations in the state.
For Doyin, a remote worker in Lagos, “It appears that they are serious about this thing and I am worried it will not allow me give my all. The cost of electricity is already high not to get anything right now.”
“I just hope that this upgrade doesn’t mean blackout,” she told Business Post.
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