Author: Ogochukwu Ndubuisi

TCN has Capacity to Wheel 8,700MW Bulk Electricity – Official The Transmission Company of Nigeria (TCN) says it has expanded the country’s grid wheeling capacity to over 8,700 MegaWatts (MW) in the last year. Mr Oluwagbenga Ajiboye, TCN’S Executive Director, Transmission Service Provider (TSP), disclosed this on Thursday at a three -day capacity workshop for Power Correspondents in Keffi, Nasarawa State. The workshop has the theme, ”Assessing the Impact and Challenges of Transmission Network in Nigeria”. According to Ajiboye, if the Electricity Distribution Companies (DisCos) are ready to pick up load, TCN can conveniently wheel 8,700 MW of bulk electricity.…

Elektron Energy, an embedded power developer, unveiled its Victoria Island Power…

The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, says Nigeria’s economy has stabilised.

President Bola Ahmed Tinubu has urged the management of Nigeria Liquefied Natural Gas

Guinea-Bissau to Vote on Constitution Expanding Presidential Powers Guinea-Bissau will hold a constitutional referendum on Aug. 30 on proposed reforms that would expand presidential powers and reshape the rules for elections scheduled for December. The West African country is currently led by military officers who staged a coup in 2026. Under the current constitution, the legislature appoints the prime minister, who forms the cabinet. However, the proposed constitution would empower the president to appoint and dismiss the prime minister and cabinet. The president would also be able to create or abolish government ministries, chair the Council of Ministers and dissolve…

Slovakia Moves to Ban Social Media for Children Under 16 The Slovak government has approved a bill proposing a ban on social media use for children under the age of 16, citing risks of addiction, social pressure and radicalisation. The bill, approved on Wednesday, will prohibit the creation of social network accounts for under-16s and introduce mandatory age verification, according to documents published on the government’s website. The proposal will now go to parliament for approval. According to an accompanying report, the measure responds to the growing role of online platforms and social networks in spreading violent, extremist and harmful…

Electricity Distributors Lament Unpaid Bills by MDAs The Association of Nigerian Electricity Distributors (ANED) has raised concerns over outstanding electricity debts owed by government Ministries, Departments and Agencies (MDAs). Mr Sunday Oduntan, the Managing Director and Chief Executive Officer of ANED, said this in an interview with the News Agency of Nigeria on Wednesday in Abuja. Oduntan said delayed or non-payment by government institutions continued to worsen the financial strain on DisCos. He urged the Federal Government to treat electricity obligations owed by MDAs as a direct first-line charge on approved budgets to ensure timely payment. “DisCos need to be…

Germany Returns to Growth After 3 Years of Recession – Merz German Chancellor Friedrich Merz on Wednesday said  that the country was returning to economic growth after three years of recession, pledging a renewed focus on expanding the economy. Merz made the remarks after a two-day Cabinet retreat at Neuhardenberg Castle in Brandenburg, expressing confidence in Germany’s economic prospects. “We have three years of recession behind us, and now we are growing again,” Merz said, stressing the need for a stronger focus on economic growth. He said Germany was entering the remaining months of 2026 with “energy” and confidence, expressing…

US Pauses Immigrant Visas for 75 Countries Over Public Charge Rule The United States has paused immigrant visa processing worldwide as the Trump administration intensifies vetting of applicants deemed likely to depend on public assistance. The State Department confirmed the move on Tuesday, saying it had in early August directed all embassies and consulates to adjust visa appointment schedules to allow for in-depth training of consular officers. The agency said the exercise was to ensure officers are fully equipped to evaluate every applicant comprehensively and consistently under the public charge rule. Under the directive, which forms part of the updated…

Moniepoint Shuts Down MonieWorld, Its UK Remittance Business Moniepoint Inc. has shut down MonieWorld, its UK-based remittance product for Nigerians in the diaspora, less than 18 months after launch. The fintech announced a strategic transition of MonieWorld as it refocuses capital, technology and operational resources on its core African markets. “Moniepoint Inc., Africa’s all-in-one financial platform, today announced that MonieWorld, its UK-based remittance business, is undergoing a strategic transition as the Group refocuses its resources on building and scaling its core platform for African businesses,” the company said in a statement shared with TechCabal on Tuesday. The move marks a…