Abuja, Nigeria – The Transmission Company of Nigeria (TCN) announced today that a significant disturbance on the national grid caused a temporary power disruption across the country. The event, which occurred at approximately 11:29 AM, was triggered by an unexpected frequency spike, with levels rising from 50.33Hz to 51.44Hz. This unusual fluctuation forced the shutdown…
The Port Harcourt Electricity Distribution Plc (PHED) has increased the prices of prepaid metres for the second time in as much as three months. Converseer reports that the increment is coming in after electricity Distribution Companies (DisCos) increased the prices of their prepaid metres despite the incessant collapse of the national grid. The PHED announced…
Berlin, Germany — German companies operating in the United States are showing caution when it comes to new investments amid uncertainty surrounding the upcoming US presidential election, according to a survey by the German Chamber of Industry and Commerce (DIHK) published today. The DIHK survey indicates that businesses are adopting a wait-and-see approach, hoping for…
Global financial service provider Perfect Money has announced that it will temporarily halt services for customers in Nigeria, citing regulatory complexities in the region. The company informed its Nigerian customers that accounts registered in the country will be closed on December 1, 2024, with a phased service restriction process starting today. Starting immediately, all Perfect…
Port Harcourt, Rivers State — The Foundation for Partnership Initiatives in the Niger Delta (PIND), in partnership with the Tax Justice and Governance Platform, successfully held a landmark event addressing the challenges that multiple taxation and illegal levies impose on small businesses in the Niger Delta. Hosted on October 24, the convening drew together representatives…
