Business
Abuja Faces Power Outage as TCN Issues Disconnection Notice to AEDC
Darkness may soon envelop Abuja, as well as parts of Nasarawa, Niger, and Kogi states, following a recent notice issued by the Transmission Company of Nigeria (TCN).
The TCN has informed the Abuja Electricity Distribution Company (AEDC) of a forthcoming disconnection due to its failure to adhere to established Market Rules.
In a disconnection notice dated Friday, signed by Ali Ahmad, the Market Operator at TCN, it was announced that the AEDC faces a five-working-day ultimatum to address these compliance issues. If the AEDC does not rectify its infractions by the deadline, which falls on July 28, 2024, the disconnection will be enforced.
The impending disconnection is set to affect the 33kV feeder linked to the 132/33kV Katampe 1 Transmission Station, as well as Feeder 3 from the 132/33kV Central Area Transmission Station. This action comes as a result of AEDC’s non-compliance with Section 15.3.3.a of the Market Rules.
The TCN’s notice also highlighted that proper procedures, including newspaper publications, have been followed to ensure AEDC was made aware of its violations. The company has been given a five-day window to remedy these issues before the disconnection is carried out.
Business
Hamster Kombat Unveils Anti-Cheating Plan
Hamster Kombat has introduced a new anti-cheating strategy to ensure fair play and protect dedicated players. The initiative targets those attempting to manipulate the game for extra benefits, issuing a “cheating is bad” warning that could affect their positions for the airdrop distribution on September 26. The team emphasized the importance of rewarding honest players and creating a secure environment.
As Season 1 of the Telegram-based Web3 game ends on September 20, Hamster Kombat will take a snapshot of the game’s activities to determine airdrop eligibility. The game, which has over 300 million users, is focused on maintaining fairness ahead of its upcoming Season 2 launch.
Business
Binance Launches ‘Moonbix’ on Telegram
Binance announced the upcoming launch of “Moonbix,” a play-to-earn (P2E) game on Telegram’s Mini App. In this game, players explore galaxies, collect items, and earn crypto rewards. Although the game leaked early, Binance is fine-tuning it for an official release and warned users to stay cautious of impersonation scams.
Telegram Mini Apps, introduced in 2023, have seen massive engagement, with popular apps like Hamster Kombat driving crypto adoption. Telegram’s integration with The Open Network (TON) has further contributed to this growth.
Business
Nigeria Earned $1.2bn from Telecom Licenses, Says Obasanjo
The Federal Government generated around $1.2 billion from telecom license fees during the early stages of mobile technology in Nigeria, with major operators like MTN, Globacom, Econet (now Airtel), and Etisalat (now 9mobile) contributing to the sum.
These fees were instrumental in laying the foundation for the country’s telecom industry, which officially began in 2000.
The sector has since become a key driver of Nigeria’s economic growth.
Former President Olusegun Obasanjo highlighted this achievement during a book launch held in Lagos on Tuesday.
He reflected on how the licensing of these operators marked a pivotal moment in Nigeria’s technological and economic development, allowing the country to leap into the era of mobile communication.
Obasanjo acknowledged the critical role these funds played in shaping the telecom industry, which has become one of the most significant sectors in the nation’s economy today.
The successful auction of these telecom licenses provided the capital necessary to build the infrastructure and networks that have connected millions of Nigerians, driving economic activity and fostering innovation across various industries.
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