News

Heritage Bank Plc, Lagos Commodities and Futures Exchange (LCFE) and other participating financial institutions explored opportunities on export revenue from the Commodities Ecosystem as part of its supports to the Central Bank of Nigeria’s (CBN) to raise $200billion in foreign exchange repatriation from the non-oil exports over the next three to five years.

Following the nationwide blackout caused by the collapse of the national grid on Monday, power is being restored to many transmission stations across the country. This was announced today, March 15, by Eko Electricity Distribution Company in a statement. The statement reads, “Dear esteemed customers, we would like to inform you that the TCN station have been restored. Power supply to our customers are equally being restored in phases as we monitor the progress. More updates shall be provided on the situation.” The national grid's power generation dropped to zero megawatts around 10.40 a.m. on Monday, resulting in widespread blackouts across the country. Several power distribution companies notified their customers about the grid failure, emphasizing that it was the cause of the outages. Enugu Disco, for example, described it as a general system collapse, adding that the drop in power generation on the grid resulted in a blackout in the…

The lawmakers said they would not honor the EFCC invitation because they have instituted a suit against the agency.

The National Union of Road Transport Workers (NURTW) has suspended Musiliu Akinsanya, better known as Mc Oluomo, the Lagos State chapter’s Chairman, indefinitely over alleged misconduct, insubordination, and incitation of members of the state chapter against the apex body.