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Blackout worsens as grid collapses for the fifth time in 2022

Herconomy
Jun 13, 2022
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Local Stories

Suspected herdsmen kill 15, raze houses in Benue

Makurdi—About 15 persons were feared dead, yesterday, and many others missing after suspected armed herdsmen attacked Igama village in Edumoga Ehaje community, Okpokwu Local Government Area of Benue State. Read more…

The group takes the PVC campaign to Somolu, Epe, Ikorodu

As the 2023 general elections draw nearer, Lagos East Progressive Forum (LEPF) has commenced a robust civic awareness and PVC registration drive with the Lagos East Senators District. Read more…

Gunmen abduct 66 persons in Sokoto, Abia, Ondo

Sixty-two persons were reportedly abducted by gunmen in Sokoto and Abia states after attending weddings of their loved ones. At least 50 persons were reportedly abducted by gunmen following an attack on vehicles along Sokoto-Gusau road. Read more…

Strike: FG meets ASUU today, SSANU Friday

The Federal Government has resumed talks with representatives of unions in the nation’s universities. Read more…

Blackout worsens as grid collapses for the fifth time in 2022

There was a widespread blackout across the country on Sunday following the collapse of the national power grid, making it the fifth collapse of Nigeria’s electricity grid in 2022. Read more…

APC may unveil Tinubu’s running mate Wednesday, party focuses on North-East

There are indications that the All Progressives Congress presidential candidate, Asiwaju Bola Tinubu, may unveil his running mate on Wednesday. Read more…

State hospitals worst hit by brain drain, NMA laments

The Nigerian Medical Association has decried the deplorable state of health facilities owned by state governments. Read more…

PDP caucus moves to endorse Wike as Atiku’s running mate

Indications emerged, yesterday, that members of the Peoples Democratic Party (PDP) caucus in the House of Representatives might endorse River State Governor, Nyesom Wike, as the running mate of the presidential flag bearer of the party, Atiku Abubakar. Read more…

Monkeypox spreads worldwide, with 1,472 cases in 33 non-endemic countries

Cases of monkeypox have continued to soar worldwide, even as scientists at the United States Centre for Disease Control and Prevention (CDC) are tracking incidents in countries that do not normally have the disease. Read more…

International Stories

French election: Left surge threatens Macron majority in France

French President Emmanuel Macron is at risk of losing his outright majority after a strong challenge from a coalition of left-wing parties in National Assembly elections. Read more…

US gun control: Cautious welcome to a bipartisan deal on new safety measures

US campaigners have welcomed a potential cross-party deal on gun safety reforms but stressed the proposals do not go far enough. Read more…

China blasts US 'bully', says it will 'fight to the end' for Taiwan

Chinese Defense Minister Wei Fenghe on Sunday accused the United States of being a "bully" and "hijacking" countries around the region, during a combative speech in which he said his country would "fight to the very end" to stop Taiwanese independence. Read more…

Business Matters

The financial sector dominates trading with 64 per cent volume

The financial services industry (measured by volume) dominated in volume terms on the Nigerian Stock Exchange (NGX) equities sector last week with 1.7 billion shares valued at N12.5 billion. Read more…

Nigeria’s FDI doubles to $4.8b, says UNCTAD

Nigeria is West Africa’s largest recipient of Foreign direct investment (FDI) as its flow doubled to $4.8 billion in 2021, mainly because of a resurgence in investments in the oil and gas sectors. Read more…

Nigeria’s FIRS to commence audit of “chosen” taxpayers in July 2022

The Federal Inland Revenue Service (FIRS) has announced that it will begin a compliance exercise on Value Added Tax (VAT) and Withholding Tax in July 2022. Read more…

CBN to introduce USSD code to boost eNaira

The Central Bank of Nigeria plans to introduce the Unstructured Supplementary (USSD) code as part of steps to improve the Central Bank Digital Currency (CBDC). Read more…

Govt processes should be automated by 40% – Expert

A tech expert and co-founder of Venture Garden Group, Ademola Idowu, has urged the three tiers of government in the country to drive their administrative and social activities with technology and innovation products to allow sustainable growth within the tech ecosystem. Read more…

Three Nigeria banks were fined N13.5 million for default filings of financial statements for 2021/2022

The Nigerian Exchange Limited (NGX) has fined three banks N13.5 million for failure to file their financial statements after the regulatory due date. Read more…

Tech Updates

Google Settles Gender Discrimination Lawsuit for $118 Million

Google agreed to pay $118 million to settle a lawsuit claiming the tech giant had discriminated against women in pay and promotions. Read more…

The UK government acquires the first quantum computer

The Ministry of Defence (MoD) has acquired the government's first quantum computer. Quantum computers can make very complex calculations extremely quickly and their creators say they can solve the problems regular computers cannot. Read more…

Metro

LASU gets NUC full accreditation for 31 courses

National Universities Commission, NUC,
has approved 31 out of 37 courses presented to it by the Lagos State University, LASU, Ojo, for accreditation. Read more…

Cubana Club shooting: Burna Boy under probe, police escorts arrested for attempted murder

The Nigeria Police Force has commenced a probe of Burna Boy over the shooting at Cubana Club in Victoria Island, Lagos. Read more…

Quote of the Day

"It is during our darkest moments that we must focus to see the light."
—Aristotle

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