Nigeria was plunged into darkness on Wednesday after the national power grid collapsed once again. EKO HOT BLOG reports the grid has now collapsed 11 times between January and November 2024. In October alone, the grid experienced three collapses within a single week, leading to widespread blackouts and significant public outcry. The official Twitter account … Read more
The Transmission Company of Nigeria (TCN) has reported the destruction of 31 transmission towers in Okada and Ofosu communities along the 330kV Benin-Egbin and Benin-Omotosho transmission lines in Edo State. In a statement released on Friday, TCN’s Director of Public Affairs, Ndidi Mbah, revealed that the towers were severely damaged, with critical components stolen during … Read more
The Nigerian national grid has reportedly suffered another collapse, according to a post from the Nigeria National Grid’s official X (formerly Twitter) account, marking the ninth such incident in 2024. This setback follows a series of grid collapses late last month, where three incidents occurred within a single week, sparking widespread power outages across the … Read more
Scores of protesters gathered at the headquarters of Nigerian National Petroleum Company Limited (NNPCL) on Monday, demanding the resignation of Group Chief Executive Officer Mele Kyari. Led by Civil Society Organizations, the demonstrators criticized Kyari’s leadership, citing escalating fuel prices, persistent shortages, and economic hardship as reasons for his removal. EDITOR’S PICKS NASU, SSANU Strike … Read more
The price of Brent crude oil has dropped below $70 per barrel for the first time since December 2021, raising concerns about a global economic slowdown. This steep decline in oil prices is expected to put additional pressure on the Nigerian naira, which has recently depreciated to N1,600 per US dollar. EKO HOT BLOG gathered … Read more
Marketers urges NNPC to increase fuel supply to members to alleviate petrol scarcity and high prices, citing long queues at gas stations as a direct consequence of insufficient supply. Eko Hot Blog reports that the Independent Marketers Association of Nigeria (IPMAN) has initiated a fresh move to reduce petrol prices and alleviate long queues at … Read more
National grid collapsed again, causing power outage. Second collapse in less than a month. TCN working to restore power, highest loads in Abuja and Lagos. EKO HOT BLOG reports that the nation’s national grid has collapsed once again. The development left homes and businesses without power supply for several hours yesterday. This is the second … Read more