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Nationwide Strike: Blackout As Labour Union Shuts Down National Grid

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Nationwide Strike: Blackout As Labour Union Shuts Down National Grid—-Electricity workers have shut down Nigeria’s National Grid following the midnight commencement of a strike action by the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC).

According to data from the Independent System Operator, power generation, which was 2,805.59 megawatts at midnight, plummeted to just 28 MW by 6 a.m. on Monday, with only Ibom Power remaining operational on the grid.

The Transmission Company of Nigeria (TCN) reported that union members forcibly removed its workers from their posts. In a statement, Ndidi Mbah, TCN’s General Manager of Public Affairs, confirmed the shutdown:

“TCN hereby informs the general public that the Labour Union has shut down the national grid, resulting in a nationwide blackout. The shutdown occurred at about 2:19 a.m. on June 3, 2024.”

Mbah detailed the severity of the situation, explaining that at 1:15 a.m., operators at the Benin Transmission Operator under TCN’s Independent System Operations unit were driven out of the control room, with some staff members beaten and injured during the altercation. This disruption led to the complete shutdown of the Benin Area Control Centre.

Several other transmission substations, including Ganmo, Benin, Ayede, Olorunsogo, Akangba, and Osogbo, were also shut down by the labour union. Some transmission lines were opened, exacerbating the power outage.

On the generation side, the strike forced the shutdown of several power-generating units. The Jebba Generating Station had to shut down one unit, followed by three more due to high frequency and system instability, ultimately leading to the grid collapse at 2:19 a.m.

Despite these challenges, TCN initiated grid recovery efforts at 3:23 a.m. using the Shiroro Substation to supply electricity to the Katampe Transmission Substation. However, the labour union’s actions continue to hinder nationwide grid recovery.

“We will continue to make efforts to recover and stabilize the grid to enable the restoration of normal bulk transmission of electricity to distribution load centres nationwide,” Mbah added.

The ongoing strike highlights significant tensions within Nigeria’s energy sector and underscores the critical need for resolution to restore stability and power across the nation. Stay tuned for further updates on the situation.

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BREAKING: Vinícius Rescues Brazil as Morocco Hold Selecao to Thrilling World Cup Opener

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BREAKING: Vinícius Rescues Brazil as Morocco Hold Selecao to Thrilling World Cup Opener—-Morocco stunned the five-time champions with an early breakthrough before Vinícius Júnior’s moment of brilliance earned Brazil a hard-fought 1-1 draw in Group C.

Brazil were forced to settle for a point in their opening match of the 2026 FIFA World Cup after a spirited Morocco side held the South American giants to a 1-1 draw in a captivating Group C encounter at MetLife Stadium.

The Atlas Lions struck first in the 21st minute when Ismael Saibari latched onto a perfectly weighted pass from Brahim Díaz before calmly lifting the ball over goalkeeper Alisson Becker to give Morocco a deserved lead. The African side’s intensity and organization troubled Brazil throughout the opening stages.

Brazil responded through their star man Vinícius Júnior, who produced a moment of individual brilliance in the 32nd minute. The Real Madrid winger drove into the box and unleashed a powerful finish beyond Yassine Bounou to restore parity and ignite the Brazilian supporters.

Despite enjoying more possession after the break, Brazil struggled to break down a disciplined Moroccan defence. Morocco, meanwhile, continued to threaten on the counterattack and arguably created the clearer opportunities in the closing stages.

The result leaves Group C finely poised, with both teams earning a valuable point in what was billed as one of the most anticipated fixtures of the opening round. While Brazil avoided an early setback thanks to Vinícius’ heroics, Morocco once again demonstrated why they remain one of the most dangerous sides on the international stage.

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Alpha Morgan Bank Delivers Historic N1.9 billion PBT in First 10 Months of Operations

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Alpha Morgan Bank Delivers Historic N1.9 billion PBT in First 10 Months of Operations

 

Alpha Morgan Bank has announced a landmark financial performance, recording Profit Before Tax of N1.9 billion in just 10 months of operations, a result that stands as a major milestone in Nigeria’s banking industry and reinforces the Bank’s emergence as one of the country’s most remarkable new-generation financial institutions.

With this performance, Alpha Morgan Bank did not only break-even within an exceptionally short period, but also delivered what is believed to be a record-setting early-profit performance in the Nigerian banking sector, underlining the strength of its strategy, the discipline of its execution and the confidence the market has placed in its business model.

The Bank’s strong debut performance was supported by robust growth across key financial and operating indicators. Highlights of the 10-month financial statement include customer deposit of over ₦103BN, gross earning of ₦13.1 billion, net interest margin of 67%, non-performing loan ratio of 0%.

The performance was driven largely by strong synergy in customer acquisition and branch expansion, a deliberate focus on growth in demand deposits, creation of quality risk assets and balance sheet efficiency. These achievements were further supported by robust operational processes powered by sound technology and systems, management depth and expertise, experience and strategic oversight provided by the Bank’s Board.

Speaking on the performance, the Managing Director, Ade Buraimo, described the result as a significant validation of the Bank’s vision, business model and execution capacity.

“This is more than a financial milestone; it is a strong statement of what is possible when vision, discipline, sound execution, and market opportunity come together. From inception, Alpha Morgan Bank was built to be a commercial bank that is solution-driven and committed to delivering value at scale. To record a PBT of N1.9 billion in our first 10 months of operations is both historic and deeply encouraging. It reflects the dedication of our people, the trust of our customers and the solid foundation we have laid for long-term growth.”

 

 

 

About Alpha Morgan Bank

Alpha Morgan Bank is a customer-centric, innovative, and solutions-driven commercial bank, with a clear commitment to delivering “Satisfying Banking.”

Alpha Morgan Bank commenced operations in March 2025 with the rare distinction of regulatory approval for 14 branches across the country. This early footprint, combined with disciplined market execution, has enabled the Bank to build momentum across key business segments in record time.

Alpha Morgan Bank focuses on:

  • Human-Centred Technology: Digital tools designed for intuitive, everyday relevance and not vanity metrics.
  • Transparent Operations: From pricing to service promises, every process is clear, accountable, and customer friendly.
  • Customer-Centric Innovation: Continuously developing solutions and services driven by customer insights to deliver meaningful value and enhance satisfaction.

More than a financial institution, Alpha Morgan Bank positions itself as a partner in progress. Its vision is to drive possibilities, enable dreams, and reemphasize what it means to experience Satisfying Banking in Nigeria.

More about Alpha Morgan Bank on www.alphamorganbank.com

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