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TCN Boss Commends NUEE for Strong Industrial Harmony

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TCN industrial harmony praised as Abdulaziz lauds NUEE cooperation while union seeks improved welfare amid discussions in Abuja

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The Managing Director and Chief Executive Officer of Transmission Company of Nigeria, Sule Abdulaziz, has commended the national leadership of the National Union of Electricity Employees for sustaining a cordial working relationship with management in Abuja on Tuesday, describing the collaboration as essential to maintaining stability within the power sector.

Also read: Governor Dauda Lawal Set To Unlock Zamfara’s Economic Potentials with Tinubu’s UK State Visit

Abdulaziz made the remarks during the National Joint Advisory Committee Meeting held at the TCN corporate headquarters, where representatives of both management and the union gathered to review key issues affecting operations and staff welfare.

The meeting was attended by senior officials from both sides as part of ongoing engagement efforts.

He noted that the continued mutual respect between TCN management and NUEE leadership has contributed significantly to industrial harmony within the organisation, even amid broader challenges confronting Nigeria’s electricity sector.

Abdulaziz reaffirmed management’s commitment to strengthening cooperation with the union in order to support efficiency and improve service delivery.

According to him, prioritising staff welfare remains central to achieving operational stability and sustaining productivity across the company’s network.

He emphasised that collaboration between management and workers is critical to addressing sectoral constraints and ensuring the smooth transmission of electricity nationwide.

Speaking on behalf of the NUEE national executive, President of the Nigeria Labour Congress, Joe Ajaero, acknowledged improvements in staff welfare under the current management while urging further enhancements to align with prevailing economic realities.

Ajaero appealed for a more robust welfare package for workers, noting that such measures would help boost morale and support efficiency within the organisation.

He reiterated the union’s willingness to continue engaging constructively with management to advance shared objectives.

Discussions at the meeting also focused on broader operational issues affecting TCN, with both parties reviewing challenges and exploring practical solutions aimed at improving performance.

The dialogue was described as productive, with emphasis placed on sustaining engagement mechanisms that promote transparency and cooperation.

Also read: IRONY OF LIFE: The same PwC that once nurtured his rise would today reject HND holders for employment

The meeting underscores ongoing efforts to maintain TCN industrial harmony, as both management and labour representatives continue to work together to navigate sectoral pressures while ensuring effective service delivery within Nigeria’s electricity transmission network.

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Tinubu to Open Niger Delta Economic Summit in Port Harcourt

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Tinubu Niger Delta summit opens in Port Harcourt as investors and policymakers gather to drive investment, innovation and industrial growth

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Dangote Refinery Sets ₦525 Share Price for Landmark IPO

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Dangote Petroleum Refinery has set its initial public offering price at ₦525 per share, with the company seeking to raise about ₦2.15 trillion as it prepares to enter Nigeria’s public equities market.

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The Securities and Exchange Commission has approved the offer for 4.1 billion ordinary shares at ₦525 each. If fully subscribed, the offer would generate approximately ₦2.15 trillion, equivalent to about $1.6 billion at current exchange rates.

The offering is expected to open on 14 September 2026, according to Aliko Dangote, the president of Dangote Industries. The planned sale is positioned to become one of the largest equity offerings in Africa.

The IPO marks a significant step in Dangote Group’s plans to broaden ownership of the refinery and raise additional capital for expansion.

The refinery currently has a stated processing capacity of 650,000 barrels of crude oil per day. Dangote has said the company plans to increase that capacity to 1.4 million barrels per day as part of its longer-term expansion strategy.

The planned share sale follows a $1 billion underwriting programme completed in August, providing additional financial backing ahead of the public offering.

The refinery, located in the Lekki area of Lagos State, is one of Africa’s largest industrial projects and has become an increasingly important player in Nigeria’s fuel supply market since beginning operations.

The public offering will give Nigerian investors an opportunity to acquire shares in the refinery directly, while providing Dangote Petroleum Refinery with fresh capital to support its next phase of growth.

The company has also indicated ambitions to expand beyond its current Nigerian operations, with Dangote recently announcing plans for another refinery project in Kenya.

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Glo @23: Staff Unite for a Memorable Sports Celebration

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Glo marks its 23rd anniversary with a lively staff sports fiesta in Lagos, featuring football, games, prizes and celebrations centred on teamwork (more…)

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