Author: Akintayo Adams

Nigeria’s national electricity grid collapsed again on Tuesday morning at 9:17 a.m., marking the second collapse in less than 24 hours. This latest failure follows Monday evening’s collapse, which caused power generation to drop to zero, leaving the country in total blackout. The Eko Electricity Distribution Company confirmed the incident, assuring customers that efforts are being made to restore the grid. The recurring grid failures have sparked concerns over the stability of Nigeria’s electricity supply. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

INEOS, part-owner of Manchester United, has ended its multi-million-pound annual payment to former manager Sir Alex Ferguson as part of cost-cutting measures. Following a face-to-face meeting, INEOS CEO Sir Jim Ratcliffe informed Ferguson that the club would no longer continue his payments. Ferguson, who had served as a global ambassador and non-executive director since retiring in 2013, will remain a non-executive director and attend games, but payments will cease after this season. INEOS has been slashing costs, including reducing 250 jobs at the club. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

The Taxpayer Identification Number (TIN) has become essential for individuals and businesses operating in Nigeria, as it helps streamline tax payments and ensure compliance. Issued by the Federal Inland Revenue Service (FIRS), TIN is mandatory for opening business bank accounts, applying for government loans, or obtaining import/export licenses. A proposed bill aims to require TIN for opening new bank accounts or maintaining existing ones, tightening financial oversight and improving tax revenue collection from various sectors, including banking, insurance, and stockbroking. Applying for a Taxpayer Identification Number (TIN) in Nigeria is a free process, and no payments are required. Applicants need…

Nigeria’s Minister of Aviation, Festus Keyamo, has announced that five international airports—Abuja, Lagos, Port Harcourt, Kano, and Enugu—are set for concession. This, according to him is part of the government’s plan to overhaul the aviation sector. The International Air Transport Association (IATA) will play an advisory role in the process. The minister also revealed that Maiduguri’s Muhammadu Buhari Airport has been upgraded to international status, with full operations expected by January 1, 2025. This move is aimed at fostering economic growth, particularly in the North-East region. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

The Eko Electricity Distribution Company (EKEDC) announced a major power outage across its network on Monday due to a system collapse, which occurred at approximately 6:48 PM. The outage affected numerous areas, leading to widespread blackout. EKEDC reassured its customers through a message on its X (formerly Twitter) handle, stating that efforts are being made to resolve the issue in collaboration with national grid authorities. The company is working to restore power as soon as possible and promised to provide updates once the grid stabilizes. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

Nigeria’s petroleum marketers are optimistic that they will sell Premium Motor Spirit (PMS) at a cheaper price than the Nigerian National Petroleum Company Limited (NNPCL) once the Dangote Refinery begins direct sales to them. Chinedu Ukadike, spokesperson for the Independent Petroleum Marketers Association of Nigeria (IPMAN), stated that bypassing NNPCL’s additional fees would allow for more competitive pricing. “We are still waiting on Dangote Refinery on the direct sale of its petrol to our members and the price template. “Our petrol price will be cheaper than that of NNPC Retail price if Dangote Refinery sells petrol to us,” he said.…

Ogun State Governor, Dapo Abiodun, has approved a new minimum wage of ₦77,000 for the lowest-paid workers in the state, effective immediately. This was announced following a meeting between the government and organized labor groups, including the Nigeria Labour Congress (NLC) and Trade. This decision was revealed by the Secretary to the State Government, Mr Tokunbo Talabi. Talabi said, “The meeting is at the instance of Governor Abiodun, who has directed that no worker in the state should earn less than ₦77,000 starting from October. “The governor means well for the people of the state and has proactively taken steps…

The national electricity grid collapsed again on 14th October 2024, around 6:18 pm, affecting power supply across Nigeria. Power generation dropped from 3.87GW at 5 pm to 0.00GW by 7 pm. The Enugu Electricity Distribution Company (EEDC) and Abuja Disco confirmed the outage, affecting customers in multiple states. Both companies are awaiting updates from the National Control Centre in Osogbo. Restoration efforts are ongoing, and customers are being asked to remain patient until power is fully restored. This marks the sixth occurrence of the national grid collapsing in 2024, with the last happening on Monday, August 5 2024. Get instant and latest…

The Federal Government of Nigeria has issued a warning for five days of heavy rainfall, which may lead to flooding in 22 states and the Federal Capital Territory (FCT) from October 14 to 18, 2024. The National Flood Early Warning Systems Centre has identified communities along Rivers Donga, Benue, and Ogun as high-risk areas, urging residents to evacuate. States at risk include: NiMet, on its part, predicted thunderstorms and rains from Sunday to Tuesday across the country. It also advises residents to stay informed, avoid flood-prone areas, and adhere to safety advisories. Get instant and latest news updates via Our WhatsApp…

The Super Eagles have safely arrived at Malam Aminu Kano International Airport in Kano, following their ordeal in Libya, where they were stranded for over 13 hours ahead of the 2025 AFCON qualifier. Their flight had been unexpectedly diverted to a remote Libyan airport, and players had to endure hours without basic necessities like food or water. The situation drew widespread criticism, but the team is now back in Nigeria. Earlier, it was reported that yhe Nigeria Football Federation (NFF) has withdrawn the Super Eagles from their 2025 AFCON qualifier against Libya due to a 12-hour ordeal at Al Abraq…