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TCN boosts Lagos power capacity with two transmission projects

The Transmission Company of Nigeria (TCN) has increased bulk power capacity around the Apapa corridor with the commissioning of two 60 MVA 132/33kV GIS substations at the upgraded Apapa Road Transmission Substation and two new 100 MVA power transformers at the 132/33kV Ijora Transmission Substation in Lagos. The post TCN boosts Lagos power capacity with two transmission projects appeared first on…

We haven't written up this one. Nairametrics has the full story — the link below goes straight to it.

Read the original at nairametrics.com →

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UAE economy: On the verge of collapse or on way to recovery?

On one hand, the UAE economy is suffering due to the Iran war, as residents leave and tourists cancel plans. On the other hand, UAE authorities insist everything is fine and recovery is underway.

  • UAE offers $800 package to boost visitor numbers between July and October.
  • Dubai hotel occupancy drops from 80% to 10% during Israel-US-Iran war.
  • Analysts predict GDP will fall for the first time since COVID-19 pandemic.

Monday links: rewarding ownership over effort

Finance Jane Street had a rough July, performance-wise. (ft.com) How private fund placement agents get paid. (cashandcarried.substack.com) It's hard to argue the Truth Social API is legal or ethical.

  • Jane Street faced a tough July performance, per FT
  • Truth Social API legality and ethics under scrutiny in NYT
  • Texas residents pay more for municipal bonds vs Californians, per Bloomberg

More from Monday 17 August →