News
TCN Restores 90% Power Supply After Nationwide Blackout
The Transmission Company of Nigeria (TCN) reported that it has restored about 90% of bulk power supply to its substations following a national grid collapse that caused a blackout across the country. The incident occurred on Monday, October 14, 2024, at around 6:48 PM, and recovery efforts started immediately with support from the Azura power station.
Despite a minor setback on Tuesday morning, power supply has been restored to the Abuja region and other major distribution centers. The Ibom Gas generating station continued to supply electricity to southern areas during the outage. TCN plans to investigate the cause of the disturbance once the grid is fully operational. While some parts of Abuja saw a return of electricity, many areas still experienced outages, prompting criticism from the public over the frequent grid failures.
News
“Faithful Soldier of Christ” – Damilola Bamiloye Honors Late Korede Are
Damilola Mike-Bamiloye, the son of the renowned Christian filmmaker and evangelist Mike Bamiloye, recently took to Instagram to pay tribute to his late mentor and father figure, Korede Are, whom he affectionately referred to as “Daddy Korede.”
In an emotional post, Damilola remembered him as a dedicated servant of God who sacrificed comfort, recognition, and even his own needs to further the gospel.
He expressed deep admiration, saying Daddy Korede tirelessly ensured that the word of God reached the most remote corners of the world.
Damilola, himself a notable figure in Christian entertainment, known for his work with Mount Zion Faith Ministries, mentioned how Daddy Korede embodied selflessness.
He described him as someone with a “heart of pure gold,” a man who lived with unwavering faith and integrity until his very last moments.
According to him, Daddy Korede didn’t seek fame or praise; instead, he remained committed to his calling, consistently honoring God with his gifts, passion, and humility.
As Damilola mourns, he also rejoices in Daddy Korede’s “glorious finish”—a life he says was celebrated by God Himself. Daddy Korede may have departed, but his legacy lives on, continuing to influence countless lives within the Christian community.
Business
CBN and Finance Ministry Share Concerns Over Investment and Securities Proposed Bill
Concerns have been raised by The Central Bank of Nigeria (CBN) and the Ministry of Finance, concerning the Investment and Securities Bill which was proposed. The bill aims to replace 2007 Act and to update capital market regulations.
The CBN representative, Dr Tukur at the National Assembly hearing, opposed to the granting of the Securities and Exchange Commission over the public companies.
The Finance Minster, Wale Edun also emphasize on the impact of the bill and the provision it will offer the SEC board members. However the SEC Director General defended the bill and stated it has a benefitting role in Nigeria’s capital market globally.
News
Kebbi Government Suspends Staff Members On Land Fraud Investigation
The Kebbi Sate Government suspends staff members from the Ministry of Lands and Housing who were involved in the illegal sales. Commissioner Muhammad Dangi-Juli speaks on operating a thorough investigation on the land fraud.
It was revealed that there are two suspects who are part of this fraud mishap, they were both arrested and will face the law. The other suspects are still being chased down, arrested suspects confessed and exposed their partners in the crime.
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