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Oando, 53 others bid for Nigeria’s power firms

OANDO Gas and Power, a member of the integrated energy firm, Oando Group, is among 54 companies bidding to acquire the 11 power distribution companies, DISCOs, created from the unbundling of the monopoly Power Holding Company of Nigeria, PHCN.

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Papalanto Power Plant in Nigeria

OANDO Gas and Power, a member of the integrated energy firm, Oando Group, is among 54 companies bidding to acquire the 11 power distribution companies, DISCOs, created from the unbundling of the monopoly Power Holding Company of Nigeria, PHCN.

The 54 companies met Tuesday’s deadline for the submission of technical and financial proposals for the privatisation of the companies.

Others that met the deadline include Honeywell Energy, Tata Power, India’s largest integrated power company; Interstate Electrics Ltd, a joint venture between Chrome Energy Consortium and Power House International Limited; Integrated Energy Distribution and Marketing Limited; Nahco Energy and Power Ltd (a subsidiary of Nahco Aviance Plc with Empower of Finland as technical and strategic partners), Skipper Energy and Enl Consortium Limited.

Mr Chukwuma Nwoko, Head of Communication at the Bureau of Public Enterprises, BPE, disclosed that out of the 11 distribution companies pencilled down for sale, Ikeja Electricity Distribution Company Plc got 10 bids, followed by Eko Electricity Distribution Company Plc with nine bids.

Others are Benin Electricity Distribution Company Plc seven; Ibadan Electricity Distribution Company Plc seven; Abuja Electricity Distribution Company Plc five; Enugu Electricity Distribution Company Plc four; Port Harcourt Electricity Distribution Company Plc three; Yola Electricity Distribution Company Plc three; while Jos Electricity Distribution Company Plc, Kaduna Electricity Distribution Company Plc, and Kano Electricity Distribution Company Plc got two bids each.

Nwokoh said in keeping with the timeline for the privatisation of the distribution companies, the BPE on July 31, received technical and financial proposals from 54 investors, adding that the revised timeline had July 31, as deadline for receiving technical and financial bids from the investors for the 11 distribution firms.

He said the prospective core investors, who must be local and/or international power distributors, or investors with power distributors as technical partners, will be responsible for operating the distribution companies, making the necessary investments to improve the distribution network and customer service in line with government’s objectives.

 

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Musa Joins Jaiz Bank As Ambassador

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Super Eagles Captain, Ahmed Musa has been signed up by Jaiz Bank as a brand ambassador.

An elated Musa made the disclosure in a statement on his verified handle on micro-blogging site, X on Thursday.

The Kano Pillars striker urged his fans to troop to Jaiz Bank to do business for trusting him with the new role.

He exclaimed, “And to my amazing fans – if you want to support me, make sure to head over to Jaiz Bank and open your accounts with them today! ”

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He wrote, “✨Alhamdulillah✨ I am SO excited to announce that I’ve officially joined Jaiz Bank as their newest ambassador! 🎉💼
“A huge thank you to @JaizBankNG for trusting me and allowing me to be a part of this amazing journey! 🙏🏼💚 It’s an honor to represent a brand that believes in growth, security, and financial empowerment.

“I can’t wait to share all the incredible things we’ll be doing together! 🚀💡
And to my amazing fans – if you want to support me, make sure to head over to Jaiz Bank and open your accounts with them today! Let’s grow together! 💪🏼🔑

“@JaizBankNG is a non interest Financial institution poised with a mission to make life better through ethical Finance. 👌👌”

#NewBeginnings #BankWithJaizBank #PartneredUp #TeamJaizBank”

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Kenya Celebrates First Lady Rachel Ruto’s 56th Birthday

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On November 20, 2024, Kenya’s First Lady, Rachel Ruto, celebrated her 56th birthday and her husband President William Ruto publicly expressed his love and appreciation for his wife on this special day, wishing her well.

The birthday celebrations were marked by an outpouring of goodwill from political figures, media, and citizens across Kenya, who praised her for her grace, leadership, and significant contributions to society, particularly through initiatives like the Joyful Women Organisation, which aims to empower rural women.

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The day was characterized by a collective acknowledgment of her role as a national figure dedicated to community upliftment.

In a heartfelt message, President William Ruto took to social media, writing, “Happy birthday my love, @MamaRachelRuto. Continue being a blessing to me and our children. Mungu akubariki sana,” which translates to “God bless you abundantly.”

Other prominent leaders also extended their wishes to the First Lady, with Anne Waiguru, EGH, OGW, Governor of Kirinyaga County, tweeting, “Happy Birthday First Lady,” further showing the respect and admiration for Rachel Ruto’s leadership and impact.

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Gas Explosion in Katsina Filling Station Damages Six Vehicles

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A gas cylinder explosion at a filling station in Jibia Local Government Area of Katsina State has resulted in significant damage to six vehicles, according to a statement from the Katsina State Police Command.

The command’s spokesperson, Abubakar Sadiq-Aliyu, confirmed the incident, which occurred on Friday, November 15, 2024.

He explained that a loud explosion alerted police operatives from the Jibia Divisional Police Headquarters. Responding promptly, the Divisional Police Officer led a team to the site, supported by military personnel.

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“Upon arrival, operatives found a truck loaded with gas cylinders engulfed in flames at Tamal filling station, along Kagadama-Magamar Jibia Road,” Sadiq-Aliyu stated. The joint team acted swiftly, deploying measures to protect lives and limit property damage. Their efforts successfully extinguished the fire.

The spokesperson added, “Six motor vehicles were significantly affected by the fire incident, but fortunately, no life was lost.”

State Commissioner of Police, Aliyu Abubakar-Musa, has directed a thorough investigation to determine the cause of the explosion. Updates on the findings will be provided as investigations progress.

This incident highlights the need for heightened safety measures at gas filling stations to prevent such occurrences.

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