Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Cardano Price Drops to $0.21 as Selloffs Hit Altcoins

    October 25, 2026

    Ethereum Falls as BitMEX Co-Founder Arthur Hayes ‘Dump It All’

    October 25, 2026

    Solana Drops 2.20% to $101.28 as investors liquidate Positions

    October 24, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Cardano Price Drops to $0.21 as Selloffs Hit Altcoins
    • Ethereum Falls as BitMEX Co-Founder Arthur Hayes ‘Dump It All’
    • Solana Drops 2.20% to $101.28 as investors liquidate Positions
    • NEAR Protocol Dips 10% Over Alleged Stolen Patented Technology
    • XRP Seeks Catalyst to Halt Downtrend, Breaks Below $1.30
    • Bitcoin Drops to $80.5k on Spot ETFS Outflows, AI Stocks Rout
    • Naira Touches N1,395 to US Dollar as FX Order Book Surges
    • Nigeria’s Gas Reserves Rise 3% to 215.29 Trillion Cubic Feet
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Sunday, October 25
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » National Grid Collapses for fifth Time in 2024

    National Grid Collapses for fifth Time in 2024

    Marketforces AfricaBy Marketforces AfricaApril 15, 2024 News No Comments2 Mins Read
    National Grid Collapses for fifth Time in 2024
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    National Grid Collapses for fifth Time in 2024

    The National grid has collapsed again, marking the second blackout in less than one month. It also marks the fifth grid disturbance in 2024. According to data obtained from the Nigerian System Operator’s portal, between 2:00 am till the time of filing this report.

    The grid recorded an unprecedented zero Megawatts (MW) at the time and is currently generating a meagre 52.3MW around 7:10 am the same day.  Naira Suffers Big, CBN Goes Ballistic Against FX Whales

    The consequences of this blackout were felt nationwide, as electricity distribution companies (DisCos) struggled to cope with the sudden and prolonged outage.

    In a statement, the Enugu Electricity Distribution Company Plc, EEDC, on Monday alerted its customers of a total system collapse, causing blackout in the entire Southeast.

    Emeka Eze, Head of Corporate Communications confirmed that the incident occurred at about 2am on Monday. The company, however, assured residents of the region that efforts are being put in place to ensure that normalcy is restored soon.

    The statement reads, “This resulted in the loss of supply to all our interface TCN stations. Consequently, we were unable to provide service to our customers in Abia, Anambra, Ebonyi, Enugu, and Imo States.

    “However, the situation is gradually being resolved as we received supplies at Awada TCN station, Onitsha, at 7:30am.

    “We are in constant communication with the relevant authorities awaiting full restoration of supply by the National Control Centre, NCC, Oshogbo”.

    Investors Nigeria
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    Cardano Price Drops to $0.21 as Selloffs Hit Altcoins

    Ethereum Falls as BitMEX Co-Founder Arthur Hayes ‘Dump It All’

    Solana Drops 2.20% to $101.28 as investors liquidate Positions

    NEAR Protocol Dips 10% Over Alleged Stolen Patented Technology

    XRP Seeks Catalyst to Halt Downtrend, Breaks Below $1.30

    Bitcoin Drops to $80.5k on Spot ETFS Outflows, AI Stocks Rout

    Add A Comment

    Comments are closed.

    Editors Picks

    Cardano Price Drops to $0.21 as Selloffs Hit Altcoins

    October 25, 2026

    Ethereum Falls as BitMEX Co-Founder Arthur Hayes ‘Dump It All’

    October 25, 2026

    Solana Drops 2.20% to $101.28 as investors liquidate Positions

    October 24, 2026

    NEAR Protocol Dips 10% Over Alleged Stolen Patented Technology

    October 24, 2026

    XRP Seeks Catalyst to Halt Downtrend, Breaks Below $1.30

    October 24, 2026
    Latest Posts

    Cardano Price Drops to $0.21 as Selloffs Hit Altcoins

    October 25, 2026

    Ethereum Falls as BitMEX Co-Founder Arthur Hayes ‘Dump It All’

    October 25, 2026

    Solana Drops 2.20% to $101.28 as investors liquidate Positions

    October 24, 2026

    NEAR Protocol Dips 10% Over Alleged Stolen Patented Technology

    October 24, 2026

    XRP Seeks Catalyst to Halt Downtrend, Breaks Below $1.30

    October 24, 2026

    Subscribe to News

    Get latest news from MarketForces Africa...

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.