Business
Kunle Olubiyo Blames TCN for Frequent National Grid Collapses

Kunle Olubiyo, the President of the Nigeria Consumer Protection Network, has expressed serious concerns regarding the frequent collapses of the national power grid, emphasizing that these incidents highlight the deficiencies within the Transmission Company of Nigeria (TCN).
His comments come in response to the sixth grid failure of 2024, which occurred on Monday at approximately 6:48 PM, leaving many parts of the country plunged into darkness once again.
While the TCN characterized this collapse as partial and assured that restoration efforts were underway, many Nigerians remained without power hours later.
Olubiyo criticized TCN for its history of responding to such crises with mere platitudes rather than effective solutions.
He stated that the repeated failures of the national grid, along with ongoing challenges related to its stability and reliability, stem from a lack of genuine commitment to addressing these issues.
He remarked, “The repeated occurrences of system collapses and challenges to the National Grid’s stability are largely due to the management’s insincerity and their tendency to pay lip service to a broad range of problems while misplacing priorities over the years.”
Olubiyo pointed out that inadequate investment in necessary network improvements, insufficient protective systems, and a near-total lack of vegetation control have all contributed to the ongoing crises.
He emphasized that these issues have been recognized for some time but have received little attention from TCN’s leadership.
The pattern of grid collapses is alarming, with previous failures recorded on February 4, July 6, August, and September 19 of this year alone.
According to TCN data, the national grid has suffered over 227 collapses in the last 14 years, underscoring a chronic problem in the country’s electricity supply system.
This situation is particularly troubling given that electricity tariffs were increased by 240 percent in April, further straining the financial burdens on Nigerian households and businesses.
As power outages continue to affect daily life, the call for accountability and effective management within TCN becomes increasingly urgent.
Olubiyo’s insights reflect the frustrations of many Nigerians who are tired of empty promises and inadequate responses to a crisis that has persisted for far too long.
The need for immediate, substantial reforms in the management of Nigeria’s electricity supply is clearer than ever, as citizens hope for a stable and reliable power system that meets their needs.
Business
Skype Finally Shuts Down After 22 Years of Connecting People Online

Skype, once a go-to platform for video and voice calls, is officially shutting down today, May 5, marking the end of its 22-year journey connecting people around the globe. The app was one of the first to revolutionize online communication, offering free calls over the internet long before it became common.
During its prime in the mid-2010s, Skype boasted over 300 million active users each month. Microsoft bought Skype in 2011 for a massive $8.5 billion, planning to make it a key part of its communication tools. However, as newer apps like WhatsApp, Zoom, and even Microsoft’s own Teams grew in popularity, Skype slowly lost its place.
In February, Microsoft announced it would officially shut down Skype on May 5 to focus more on Teams, which now handles most of its communication services. This move affects both free and paid users, although Skype for Business will stick around for a little longer.
Business
United Bank Of Africa, UBA, Delivers 23% Total Dividend for 2024, CEO Promises More to Come

United Bank of Africa, UBA, pays 171 Billion in total to its shareholders for the 79 percent increase for 2024.
This information was revealed during the 63rd Annual General held on the 25th of April, 2025. The UBA shareholders approved of the 3 naira dividend share, which will com bine with 2 naira interim dividend and will represent a 23 percent total dividend for 2024 in total.
It can be noted that UBA now has the highest Nigerian stocks and the CEO, Oliver Alawuba has assured the shareholders of the dividends that will be paid.”What we can assure our shareholders today is that UBA will continue to pay more dividends.”
Business
Nigerians Cry Out as CBEX Investment Platform Collapses, EFCC Steps In To Investigate

It has been reported that Economic and Financial Crimes Commission (EFCC), prepares to look into the recent crash of the popular investment platform, CBEX.
It can be recalled that investment platform, CBEX, recently crashed and caused worry for many users. The public to social media to lament about the crash of the platform and cries out due to their losses.
Popular Nigerian blogger, Innocent Tino shares that he will partner with EFCC for a joint investigation of the downfall of CBEX. It was also shared that a total of #1.3 trillion funds have been lost due to the crash.
-
Entertainment17 hours ago
S.Coups Makes a Stylish and Confident First Appearance at the 2025 Met Gala
-
Sport16 hours ago
Raphinha Matches Ronaldo’s Champions League Record with 21 Goal Contributions
-
Sport15 hours ago
Flick Praises Inter Milan Despite Barcelona’s Heartbreaking Loss
-
Entertainment13 hours ago
Saida Boj Faces Backlash After Refusing to Support VeryDarkMan’s Release
-
Sport16 hours ago
Flick Criticizes Referee After Barcelona’s Heartbreaking Loss to Inter
-
Sport15 hours ago
Inzaghi Hails Frenkie de Jong as Barcelona’s Standout Player
-
Entertainment15 hours ago
Davido Celebrates 11 Million Monthly Listeners on Spotify
-
Entertainment11 hours ago
Comedian Deeone Calls Out EFCC: ‘Did You Send Special Invites to Yahoo Boys Too?’