Connect with us
National Grid

BREAKING: National Grid Has Collapse Yet Again

More Videos

Published

on

BREAKING: National Grid Has Collapse Yet Again—-Darkness has hit Nigeria as the National grid recorded another collapse on Monday.

The Spokesperson of Enugu Electricity Distribution Company, Emeka Ezeh confirmed the grid collapse in a statement on Monday evening.

According to him, the general system collapse occurred at 18.48 hours on Monday.

The Disco said the development had led to a loss of power supply across its franchise.

“The Enugu Electricity Distribution Company PLC (EEDC) wishes to inform her esteemed customers of a general system collapse that occurred at 18:48 hours today, 14th October 2024. This has resulted in the loss of supply currently being experienced across the EEDC network.

“Consequently, due to this development, all our interface TCN stations are out of supply, and we are unable to provide services to our customers in Abia, Anambra, Ebonyi, Enugu, and Imo States.

“We are on standby awaiting detailed information of the collapse and restoration of supply from the National Control Centre (NCC), Osogbo”, he said.

Also, Eko Distribution Company confirmed the grid collapse.

It wrote, “Dear Valued Customer,

“Kindly be informed there was a system collapse at 18:48hrs which has resulted to a loss of power supply across our network.

“We are currently working with our partners as we hope for speedy restoration of the grid. We will keep you updated as soon as power supply is restored.

“Kindly bear with us.”

DAILY POST observed power supply was interrupted around 6:50 pm on Monday.

In August 2024, the grid recorded partial failure which resulted in a blackout. The national grid also collapsed in July this year.

Data from the Transmission Company of Nigeria showed that the country’s national grid has collapsed about 227 times in the last 14 years.

This comes amid the hike in electricity tariff in April by 240 percent which has worsened the hardship Nigerians are facing.

Facebook 0 Twitter 0 LinkedIn WhatsApp 0Shares

Sports

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

Published

on

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.

Facebook 0 Twitter 0 LinkedIn WhatsApp 0Shares
Continue Reading

News

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

Published

on

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

Facebook 0 Twitter 0 LinkedIn WhatsApp 0Shares
Continue Reading

Trending

Facebook 0 Twitter 0 LinkedIn WhatsApp 0Shares