Ecobank launches suit to stop Barbican Capital, others from selling shares in FBN Holdings

Ecobank Nigeria Limited, the local subsidiary of Lomé-based Ecobank Transnational Incorporated, has initiated a legal action against Barbican Capital Limited, an affiliate of Honeywell Flour Mills. The lender in a court paper dated 3 April 2025 sought an order of interim injunction from the Federal High Court Lagos, restraining Barbican and seven others from “taking…

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Three transmission towers collapse in windstorm, 165MW load lost as TCN reveals ongoing repairs

The Transmission Company of Nigeria (TCN) on Friday confirmed the collapse of three high-voltage transmission towers following a windstorm-induced incident along the Ikeja West–Osogbo 330kV line, resulting in the loss of 165 megawatts of electricity. According to a statement issued by the company’s General Manager of Public Affairs, Ndidi Mbah, the incident occurred at approximately…

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