S&P: Dangote Refinery Capable of Solving Nigeria’s FX Problems, Catalysing Economic Devt Refinery managers reaffirm plans to commence petrol production this July Emmanuel Addeh in Abuja International financial analytics
corporation, S&P Global, has described the 650,000 barrels per day (bpd) Dangote Oil Refinery
and Petrochemicals company as capable of resolving Nigeria’s foreign exchange issues and
its huge pressure on the local currency. S&P Global, headquartered
in Manhattan, New York City, disclosed this during an onsite visit to the Dangote Refinery
at Ibeju-Lekki, Lagos as part Continued on page 5
Access Holdings Commences N351 Billion Rights Issue Subscription... Page 8 Monday, July 8, 2024 Vol 29. No 10680. Price: N400
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TCN Says Grid Fully Restored after Nationwide Blackout, Blames ‘Tripping’ of Generator Emmanuel Addeh in Abuja The Transmission Company of Nigeria (TCN) yesterday said it had fully restored power
nationwide, about 24 hours after a system collapse led to a blackout all over the country. Nigeria’s electricity grid collapsed for fourth time this
year on Saturday afternoon, with power generation dropping to as low as 57 megawatts at 6.07 pm, a significant fall from the almost 4,000mw recorded
at about 8am the same day. A THISDAY review of available information had shown that the power plants contributing to the grid began
to shut down from around On the latest occurrence, 2pm, declining to 2,797.16mw. some power distributors notified It further shrank to 1,020.08mw their customers that the system around 3pm before drastically falling to 0.80 by 4pm. Continued on page 5
After Re-emerging ECOWAS Chair, Tinubu Charges Members to Meet Fiscal Contracts Says Nigeria'll lead by example, fulfil its financial commitments Offers nation's counter-terrorism centre for use by entire region Canvasses unity, innovation to boost regional economy Abiodun congratulates president on re-election ȱ ¢ȱ ȱ ȱť
ECOWAS SUMMIT.... L-R: President of the Republic of The Gambia, Adama Barrow ; President of Ghana, Nana Akufo-Addo; President Bola Ahmed Tinubu; President of ECOWAS Commission, Omar Touray; President of Guinea-Bissau, Umaro Sissco Embalo Back row (L-R): President of Senegal Bassirou Diomaye Faye; President of Liberia, Joseph Boakai; Vice President of Ivory Coast Tiemoko Meyliet Kone and President of Sierra Leone, Julie's Maada Bio at the 64th Ordinary Session of GODWIN OMOIGUI the ECOWAS Authority of Heads of States and Government held at the conference centre, of the Presidential Villa, Abuja...yesterday