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
FAAN Breaks Silence on Claims Over Uber’s Departure From Nigeria
Since Uber exited Nigeria, rumours have been circulating over why the company left the country. One of the claims suggested that FAAN was part of the reason for the exit.
The Federal Airports Authority of Nigeria (FAAN) has now addressed the rumours and claims of its involvement in Uber’s decision to leave Nigeria.
FAAN said it could not speak for Uber’s decision, noting that the company likely had its own economic and regulatory considerations for leaving Nigeria.
FAAN’s Managing Director, Olubunmi Kuku, said “I can’t speak to Uber’s exit from Nigeria. I am sure they have their own economic and regulatory decisions as to why they chose to exit.”
Business
FG Empowers 500 Women and Youths With Agricultural Skills In Ogun State
The Federal Government trains 500 women and youths in food production and agriculture. The programme was started to support food security.
The Federal Ministry of Agriculture and Food Security partnered with the National Horticultural Research Institute (NIHORT).
The women and youths were taught tomato, okra and Telfairia production techniques. The government believes this will help boost agriculture, improve food production and strengthen the economy in Ogun State.
Business
Fuel Prices Continue to Drop Across Some Nigerian Filling Stations
According to reports, fuel stations are reducing their prices a bit. This has become a general thing around Nigeria after the spike due to the removal of subsidy.
The prices are dropping to ₦1,275 and ₦1,299, going lower than ₦1,300 compared to what it was before.
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