NEWS
TCN Able to Transmit 8,100mw of 13,000mw of Electricity Generated, Laments Vandalism
The Transmission Company of Nigeria (TCN) currently has capacity to transmit 8,100mw of the about 13,000mw of electricity generated.
“We are supposed to be able to transmit about 15,000mw, but we are unable to meet this capacity due to weak and ageing infrastructure.
“Some of the infrastructure were constructed more than 50 years ago,” Dr Thomas Inugonum, TCN’s General Manager for Port Harcourt Region told a news conference on Sunday in Port Harcourt.
Inugonum bemoaned incessant attacks on TCN’s facilities and called on the media to sensitise and create awareness of the consequences of destroying those facilities.
“In some of our stations, vandals have cut earth-conductors of big transformers that cost about N800 million resulting in the ‘floating’ of the facility.
“There are projects that have been on-going for almost 20 years in Okigwe and Mbano in Imo, and in other places that could not be completed partly because of vandalism.
“We do not understand why people vandalise our facilities considering the importance of power supply to economic activities.
“If transmission power lines are vandalised, and in the process, it falls on top of about 100 houses, no occupant of those houses would survive,’’ he noted.
He stressed that daily attacks on TCN facilities in Abia, Akwa Ibom, Bayelsa, Cross River, Imo and Rivers were impacting negatively on efforts to supply uninterrupted electricity.
“In just two months, we have lost several of our transmission lines in Odukpani (Cross River) and in Elelenwo in Rivers.
“A 60mva cost about N1.2 billion, while a span of 132kv of our transmission line cost about 330,000 dollars, making our losses unquantifiable and humongous when vandalised.
“It is unfortunate that people vandalise facilities worth billions of naira only to melt the metals to construct gates, pots, and cups. It is just wickedness,’’ Inugonum lamented.
He said 23 power projects were at various stages of completion in the six states of Abia, Akwa Ibom, Bayelsa, Cross River, Imo and Rivers.
The projects are partly funded by the TCN, the Niger Delta Power Holding Company, and the World Bank and are executed under the National Integrated Power Project of the Federal Government.
Inugonum said apart from the 23 projects on-going in the six states, there were 15 other completed projects, while three were at proposition stage in the states.
“The on-going projects are the `re-conductoring’ of the 18km Main-Port Harcourt 132kv DC line and installation of 100mva 132/33KV transformers with 80mw capacity in Port Harcourt.
“In Afam, also in Rivers, we have six on-going projects which include the Afam-Onne 330kv DC lines.
“We also have the Afam-Ikot Ekpene 330 DC lines in Akwa Ibom, while in Aba, we are `re-conductoring’ 10km Alaoji-Aba 132kv DC line.
“In Ugep, Cross River, construction of 2x60mva 132kv substation with capacity to generate 96mw is on-going and the construction of 2x60mva 132/33kv station is in ground-breaking phase,’’ he said.
Inugonum added that the installation of 100mva 132/33kv transformer with 80mw capacity in Itu, Akwa Ibom, sponsored by the World Bank had attained 5 per cent completion.
“The Erosion control at T20 in Eket-Ikot Abasi 132kv DC line is 20 per cent completed.
“In Owerri, the Niger Delta Power Holding Company is upgrading its 132kv to 330kv sub-station with 2x150mva 330/132kv transformers and 2x60mva 132kv transformer and 33kv switchyard, among other projects.
In his remarks, TCN’s Assistant General Manager, Port Harcourt Sub-Region, Mr Benneth Ezemobi, said plans were in top gear to supply additional 100mw of electricity to Rivers.
“Currently, we have slightly less than 400mw, but by 2025, we would have been able to meet our 500mw target for Rivers,’’ he said. (NAN)
NEWS
Minister Commends Yusuf on Education Transformation, Others
From Rabiu Sanusi Kano
The Minister of Education, Dr. Ma’aruf Tunji Alausa, has commended Kano State Governor, Alhaji Abba Kabir Yusuf, for his administration’s bold reforms in the education sector, particularly the recruitment of 8,588 teachers to improve the quality of teaching and learning across the state.
This was contained in a statement issued by the Governor’s Spokesman, Sunusi Bature Dawakin Tofa, on Tuesday.
Speaking during the presentation of appointment letters to the newly recruited teachers at the Sani Abacha Indoor Stadium, Kano, the Minister described the exercise as a significant milestone in the state’s drive to reposition education and address the shortage of qualified teachers in public schools.
Dr. Alausa said the recruitment of 4,900 newly employed teachers alongside the absorption of 3,688 Better Education Service Delivery for All (BESDA) teachers under the ABBA Gida-Gida programme demonstrates the Kano State Government’s strong commitment to expanding access to quality education and improving learning outcomes.
He noted that sustained investment in education remains critical to national development and commended the Kano State Government for prioritising the sector through strategic interventions that will have lasting impact on future generations.
In his remarks, Governor Abba Kabir Yusuf described the distribution of appointment letters as another major milestone in his administration’s declaration of a state of emergency in the education sector.
The Governor said the recruitment would help bridge the shortage of qualified teachers in public schools and further improve the standard of education across the state.
Governor Yusuf recalled that his administration allocated 31 percent of the 2026 budget to the education sector, noting that the investment has continued to yield positive results, with Kano emerging as the best-performing state in this year’s NECO examination.
He also expressed appreciation to President Bola Ahmed Tinubu for suspending the proposed increase in NECO examination fees, describing the decision as a welcome relief that will make education more affordable and accessible to Nigerian students.
Governor Yusuf urged the newly employed teachers to uphold the ethics of the teaching profession by demonstrating dedication, discipline and professionalism in the discharge of their responsibilities.
Earlier, the Commissioner for Education, Gwani Ali Haruna Makoda, said the recruitment forms part of the government’s comprehensive reforms aimed at revitalising education in Kano State and ensuring that every child has access to qualified teachers.
Also speaking, the Executive Chairman of the Kano State Universal Basic Education Board (SUBEB), Malam Kabir Yusuf Kabir, reaffirmed the Board’s commitment to supporting the government’s policies and programmes designed to improve the quality of basic education across the state.
DEFENCE
Troops Rescue 16 Kidnap Victims, Nab Terrorist Logistics Suppliers
The Nigerian Army says its troops have rescued 16 kidnapped victims, apprehended suspected terrorist logistics suppliers and informants, and recovered arms, ammunition and other items in separate operations across the country.
This is contained in an operational update covering activities in the last 24 hours, made available yesterday in Abuja.
In the North East, the report said troops of Operation HADIN KAI arrested a suspected female ISWAP informant and logistics supplier at Pulka, Gwoza Local Government Area of Borno.
It said the suspect was intercepted while allegedly attempting to return to her husband in the Sava terrorist enclave within the Sambisa Forest.
According to the report, items recovered from her included a mobile phone and other personal effects.
In the North West, it said the troops of Operation FANSAN YAMMA repelled a terrorist ambush on personnel of the 2 Nigerian Mobile Force at Abrom village in Kachia Local Government Area of Kaduna.
“The troops fought through the ambush, forcing the attackers to flee and recovered one AK-47 rifle, a magazine and 50 rounds of 7.62mm ammunition.
“Also in Sokoto State, troops rescued 16 kidnapped victims during separate operations in Shagari and Gandi Local Government Areas.
“The first operation at Wanke and Kaura villages led to the rescue of six abductees after terrorists abandoned them while fleeing military troops.
“Troops also recovered two motorcycles belonging to the fleeing terrorists,” it said.
The report said troops had, in another operation at Badanma village, engaged terrorists, forcing them to abandon 10 kidnapped victims who were rescued unharmed.
It added that troops also intercepted a white bus transporting 10 motorcycles along the Biu-Kangiwa road in Kebbi.
According to the report, preliminary investigations revealed the motorcycles were destined for a notorious terrorist identified as Mallam Gehowa at Amogoro.
“Four suspected terrorist logistics suppliers were arrested and handed over to the Department of State Services for further investigation.
“In Taraba State, troops of Operation MESA arrested a suspected criminal at Dema Road in Donga Local Government Area.
“Recovered from the suspect were 29 rounds of 7.62mm ammunition, three mobile phones, a power bank and N160,000.
“The suspect allegedly confessed to purchasing the ammunition from another individual in the area,” it added.
The report further revealed that troops of Operation ENDURING PEACE recovered rustled cattle after engaging suspected terrorists in the Wase Local Government Area of Plateau.
It said the troops also raided a suspected drug den at Saya village in Bassa Local Government Area, arresting four suspected drug dealers.
According to the report, items recovered included eight cutlasses, six knives, cannabis and other illicit substances.
It said that toops further responded to an armed robbery incident along the Mararaba Jama’a highway where they recovered the corpse of a victim with gunshot wounds.
“They also intervened in the Pankshin Local Government Area following the killing of a farmer allegedly by suspected herders over a grazing dispute.
“The incident triggered reprisals, forcing the fleeing herders to abandon 15 cattle now in police custody.
“Meanwhile, troops of Operation WHIRL STROKE, working with Defence Intelligence Agency operatives, recovered one AK-47 rifle and a magazine during a follow-up raid on the residence of a suspected militia member in Wukari, Taraba” it added.
NEWS
Zenith Bank Recognised As Africa’s Best Bank & Nigeria’s Best Bank At The Euromoney Awards For Excellence 2026
By Gemini
Zenith Bank Plc has been named “Africa’s Best Bank” and “Nigeria’s Best Bank”, the latter for the second consecutive year, at the prestigious Euromoney Awards for Excellence 2026, clinching the biggest and most coveted national and continental awards in banking.
The awards were presented to the Bank on Thursday, 16 July 2026, at The Peninsula London Hotel, London.This dual recognition is a testament to the Bank’s sustained excellence in financial performance, customer service, digital innovation, and its contribution to economic development across Nigeria and the wider African continent.
The Euromoney Awards for Excellence are among the most respected in the global financial industry, evaluating banks on criteria including strategy, profitability, risk management, digital transformation and impact on stakeholders.
Victory at the awards is regarded as a mark of the highest distinction in global banking. This year’s edition attracted a record of over 770 entries from world-class financial institutions including HSBC, Morgan Stanley, Citibank, Barclays, Standard Bank and DBS Bank of Singapore.
Commenting on the awards, the Group Managing Director/CEO of Zenith Bank Plc, Dame Dr. Adaora Umeoji, OON, said, “We are deeply honoured by these recognitions from Euromoney.
Being recognised as Africa’s Best Bank and Nigeria’s Best Bank reflects the trust of our customers, the dedication of our unicorn workforce, and our unwavering commitment to building a truly African global financial institution. These awards inspire us to do even more to deliver superior value, drive financial inclusion, and support the growth of businesses across Africa.”
The GMD commended the regulators across the various jurisdictions where the Bank has footprints for the enabling regulatory environment which has supported the Bank in achieving this feat.
She dedicated the award to the Founder of Zenith Bank Plc, Jim Ovia, CFR, thanking him for his vision and excellence which have been instrumental to the Bank’s success.
Zenith Bank has continued to deliver strong financial results while accelerating investments in technology, artificial intelligence, and digital banking solutions. In the 2025 financial year, the Bank grew gross earnings by six per cent year on year to ₦4.19 trillion and delivered profit after tax of ₦1.04 trillion, while reducing its non-performing loan ratio from 4.7 per cent to 3.8 per cent. In keeping with its dividend policy, Zenith Bank rewarded its investors with a record-breaking total dividend of N10.00 per share (totaling N410.69 billion) for the 2025 financial year.
This represents a 100% increase over N5.00 per share paid in 2024. The Bank has also deepened its pan-African presence and expanded trade and transaction banking capabilities to connect businesses across key markets.
Euromoney is the leading authority for global banking and financial markets, and this latest recognition adds to Zenith Bank’s growing list of local and international accolades, and further cements its position as one of Africa’s leading financial institutions.
The Bank’s track record of excellent performance has continued to earn the brand numerous awards, including being recognised as the Number One Bank in Nigeria by Tier-1 Capital for the seventeenth consecutive year in the 2026 Top 1000 World Banks Ranking, published by The Banker and “Nigeria’s Best Bank” at the Euromoney Awards for Excellence 2025. The Bank was also awarded Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards for 2020, 2022, and 2024; Best Bank in Nigeria from 2020 to 2022, 2024 and 2025, in the Global Finance World’s Best Banks Awards; Best Bank for Digital Solutions in Nigeria in the Euromoney Awards 2023; and was listed in the World Finance Top 100 Global Companies in 2023.
Further recognitions include Best Commercial Bank, Nigeria for six consecutive years from 2021 to 2026 in the World Finance Banking Awards and Most Sustainable Bank, Nigeria in the International Banker 2023, 2024 and 2026 Banking Awards.
Additionally, Zenith Bank has been acknowledged as the Best Corporate Governance Bank, Nigeria, in the World Finance Corporate Governance Awards for five consecutive years from 2022 to 2026 and ‘Best in Corporate Governance’ Financial Services’ Africa for four consecutive years from 2020 to 2023 by the Ethical Boardroom.
The Bank’s commitment to excellence led to Zenith being also named the Most Valuable Banking Brand in Nigeria in The Banker’s Top 500 Banking Brands for 2020 and 2021, Bank of the Year 2023 to 2025 at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards, and Retail Bank of the Year for three consecutive years from 2020 to 2022 and 2024 to 2025.
The Bank also received the accolades of Best Commercial Bank, Nigeria and Best Innovation in Retail Banking, Nigeria, in the International Banker 2022 Banking Awards, Bank of the Year 2024 by ThisDay Newspaper; Bank of the Year 2024 by New Telegraph Newspaper; and Best in MSME Trade Finance, 2023 by Nairametrics. The Bank’s Hybrid Offer was also adjudged ‘Rights Issue/Public Offer of the Year’ at the Nairametrics Capital Market Choice Awards 2025.
Zenith Bank has also earned several non-financial awards, including Most Responsible Organisation in Africa, Best Company in Transparency and Reporting and Best Company in Gender Equality and Women Empowerment at the SERAS CSR Awards Africa 2024.


