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TCN Reports That Nigerians will Continue Suffering Power Cuts.

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There appears to be no end in sight for the Nigeria’s electricity crisis as a system adequacy report submitted by the Transmission Company of Nigeria (TCN) to the Nigerian Electricity Regulatory Commission (NERC) has indicated that Nigeria would continue to suffer from severe grid electricity shortage in the next 10 years.

The report said this would happen because under the most optimistic assumptions of high technical availability, high rainfalls, and low demand growth, energy deficit in the country would remain at a level of around 3,000 megawatts (MW).

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The country, it explained would however experience an average increase in power demands by 15,440MW and 24,551MW in 2027.

The report indicated that the studies was undertaken by the Japan International Cooperation Agency (JICA) perhaps for the TCN, and that it forecasted for periods up to 2027.

“Nigeria will continue to suffer from a severe deficit in electrical energy from the main supply grid in the next 10 years. Even under most optimistic assumptions (high technical availability, high rainfalls, low demand growth), this energy deficit will remain at a level of around 3000MWh/h. In addition to insufficient generation capacity, constraints in the gas supplies will remain very important. Given the expected available generation capacity, gas constraints will continue to limit the available energy until 2025. The capability of the transmission network was calculated under the conditions of all active generators in service and the load distributed according to the MYTO allocation5.

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Absa became the new competitor on the Ethiopia market.

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Absa Bank Of South Africa’s  has become the Latest Multinational Corporation to show Interest in Organizing the Ethiopia market.

Ethiopia has since Prevented Foreign Ownership in Economic Sectors that Includes Banking but Abiy Ahmed has began to take fast Action on the issue since he came to power in April.



Jason Quinn, the bank’s chief financial officer, told reporters that Absa was investigating on how and where to enter in a number of populating market, including Nigeria and Angola.

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Am Entrance made into the Ethiopia market of 100 million People, would be part of a Scheme made by Absa after it break from Britain’s Barclays in 2017.

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Ethiopia has plans to liberalise state-owned companies including Ethiopian Airlines, Ethio Telecom, Ethiopian Shipping & Logistics Services Enterprise, and Ethiopian Electric Power, in order to attract foreign direct investment and stimulate growth.

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Motherland News

Black box of the Ethiopian Airline Crash recovered.

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The United Nations described the Sunday crash of the Ethiopia airline as disastrous saying it has cost them a great loss.



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Michael Moller, director-general of the U.N. European head garters said this was the worst loss suffered in years in Geneva in a statement where 150 people where gathered.

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Investigators in Ethiopia have recovered the black box from the ill-fated Ethiopian airline this Sunday.

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