News
NBCCIMA seeks improved trade relations between Nigeria and Spain
Nigeria-Spanish Business Council for Commerce, Industry, Mines, and Agriculture (NBCCIMA) has said it is seeking to improve the trade relationship between Nigeria and the Republic of Spain.
Disclosing this on Wednesday at a press conference in Abuja was the President of the NBCCIMA, Ide John Udeagbala.
Udeagbala said, “It is believed that the mutual benefits of this relationship will cascade down the line and be of huge benefit to the ordinary people in both countries.”
The NBCCIMA boss explained that the membership of the council would be open to reputable individuals and companies who have business interests in Europe and Africa and wish to use the two countries as an entry point.
He stated that the council would also encourage and work towards the establishment of industries in Nigeria by Spanish investors.
“We shall also maintain a robust relationship with NACCIMA and other bilateral and city chambers in the country for the ideals enunciated above”, he added.
Udeagbala recalled that the Council was established in 2022 following a Memorandum of Understanding (MoU) signed between Nigeria and Spain during the visit of then-President Mohammadu Buhari to Spain.
The Council President noted that both countries are committed to the MoU, exploring means through which business relationships between the two countries would be enhanced.
His words: “This Business Council is the project vehicle for the achievement of the purpose stated above.
“As a result of the birth of this business council, we look forward to a more robust business relationship between the two countries at the intergovernmental level.
“We also expect the mutual introduction of businessmen from both Nigeria and Spain to areas of business interest, smooth facilitation of trade missions to and from the two countries, and the building of human capital and business logistics for the advancement of commerce and industry in both countries.”
On his part, the coordinator, Dr Jasper Uduagwuike said they would begin by exploring immediate areas where Nigerian can benefit in agriculture beforehand moving into manufacturing.
“Spain is a highly developed country, they are very huge on industry, animal husbandry, wine and fabrics. So these are the areas where we want to encourage our business men to gain from.
“You will be amazed to know that up to 15 Nigerians have winery in Spain. So already there is a link. So we will just grow from the known to the unknown. We will start with agriculture, we will go into manufacturing and then we look at mines and industry”, he concluded.
News
Grid collapse: TCN restores power to 90% substations
The Transmission Company of Nigeria has said 90 per cent of its substations have received bulk power supply following efforts to recover the grid which suffered another collapse on Tuesday.
It said the ongoing restoration of the national grid which collapsed for the sixth time this year is ongoing and almost completed.
The Public Affairs General Manager of TCN, Ndidi Mbah said in a press statement that it has restored supply to Abuja.
On Monday, the grid collapsed at about 6:18 p.m., plunging many into darkness.
Checks by our correspondent confirmed that power generation dropped from 3.87 gigawatts at 5 p.m. to 3.56GW at 6 pm., and then to 0.00GW by 7 pm and 8 pm.
Reacting, electricity consumers in the Federal Capital Territory decried the incessant grid collapses, describing them as an embarrassment to the country.
But the transmission company in a reassuring message said the problem would be resolved soon.
The statement read, “The Transmission Company of Nigeria hereby states that the national grid experienced a partial disturbance, on Monday, 14th October 2024 at about 6:48 pm and notes that efforts to fully recover the grid are still ongoing.
“Although the recovery of the grid commenced immediately, with Azura power station providing the blackstart, grid recovery reached advanced stages at about 10.24 am, today when it encountered a challenge that caused a slight setback in the recovery process.
“The slight setback notwithstanding, TCN continued with the grid recovery process, which has reached an advanced stage, ensuring bulk power availability to about 90 per cent of its substations nationwide.
The statement added that supply has been restored to the Abuja axis and other major distribution load centres nationwide.
“Supply has been restored to the Abuja axis and other major distribution load centers nationwide.
“The partial disturbance did not affect the Ibom Gas generating station which was islanded from the grid yesterday and continued to supply areas in the South Southern part of the country such as Eket, Ekim, Uyo, and Itu 132kV transmission Substations during the period.
“Investigation into the cause of the incident will be carried out as soon as the grid is fully restored.”
News
FG predicts 5-day heavy downpour across 22 states, FCT
The Federal Government has issued a forecast of five days of heavy rainfall, which could lead to flooding in 22 states and the Federal Capital Territory (FCT), starting today, October 14, 2024, and ending on October 18, 2024.
The prediction was made by the National Flood Early Warning Systems Centre under the Federal Ministry of Environment in a statement released on Monday.
Communities living along the flood plains of Rivers Donga, Benue, and Ogun have been advised to evacuate immediately due to increasing water levels, which could lead to severe flooding.
Affected Areas.
The following states and their surroundings are predicted to experience rainfall that may result in flooding:
1. Osun State: Ede, Ile-Ife, Ilesa, Osogbo
2. Delta State: Escravos
3. Cross River State: Ikon
4. Taraba State: Donga, Ibi, Wukari, Bandawa, Beli, Bolleri, Dampar, Duchi, Garkowa, Gassol, Gungun Bodel, Kambari, Kwata Kanawa, Lau, Mayo Ranewo, Mutum Biyu, Ngaruwa, Serti, Yorro
5. Nasarawa State: Rukubi
6. Kebab State: Argungu, Birnin-Kebbi, Gwandu, Kalgo, Ribah, Sakaba, Yelwa
7. Gombe State: Bajoga
8. Katsina State: Bakori, Funtua
9. Borno State: Biu, Briyel
10. Kaduna State: Birnin-Gwari, Buruku, Kaduna, Jaji
11. Niger State: Bida, Kontagora, Lapai, Lavun, Magama, Mashegu, Mokwa, New Bussa, Rijau, Sarkin Pawa, Suleja, Wushishi
12. Yobe State: Dapchi
13. Adamawa State: Demsa, Farkumo, Ganye, Gbajili, Jimeta, Mayo-Belwa, Mubi, Natubi, Numan, Song, Shelleng, Wuro Bokki
14. Kogi State: Ibaji, Omala
15. Kwara State: Jebba, Kosubosu
16. 16. Bauchi State: Kari, Tafawa Balewa, Kirfi
17. Plateau State: Shendam
18. FCT: Kubwa, Gwagwalada, Bwari 19. Kano State: Sumaila
20. Oyo State: Kishi 21. Sokoto State: Silame
22. Zamfara State: Majara Advisory.
The government has urged residents in these areas to take precautionary measures and remain alert.
The forecast highlights the potential for flash floods, particularly in vulnerable communities.
Residents are encouraged to monitor updates from local authorities and evacuate if necessary.
The Ministry of Environment and disaster management agencies are collaborating with state governments to prepare for emergency responses.
News
Nigeria in darkness as national grid collapses again
The national electricity grid has collapsed again throwing the country into darkness.
The grid collapsed at about 6:18 pm on Monday, leaving Nigerians in darkness.
Reports said the power generation dropped from 3.87 gigawatts at 5 pm to 3.56GW at 6 pm and 0.00GW at 7 pm and 8 pm.
The Enugu Electricity Distribution Company confirmed the grid collapse in a statement on Monday evening.
The EEDC informed its customers “of a general system collapse that occurred at 18:48 hours today, 14th October 2024,” saying this has resulted in the loss of supply currently being experienced across the EEDC network.
“Consequently, due to this development, all our interface TCN stations are out of supply, and we are unable to provide services to our customers in Abia, Anambra, Ebonyi, Enugu, and Imo States.
“We are on standby awaiting detailed information of the collapse and restoration of supply from the National Control Centre (NCC), Osogbo,” the EEDC stated in the statement signed by the Head of Corporate Communications, Emeka Ezeh.
EEDC distributes power to the five South East states.
Also, the Abuja Disco confirmed the grid collapse in a statement Monday night.
“Dear Valued Customer, Please be informed that the power outage being experienced is due to a system failure from the national grid at 6:58 pm today, affecting the power supply to our franchise areas.
“Rest assured, we are working with the relevant stakeholders to restore power as soon as the grid is stabilised. Thank you for your understanding,” the company said.
-
News2 days ago
BREAKING: Enugu Govt approves relocation of two Slum Settlements, 23 more to go
-
News3 days ago
Ex-Gov Makarfi’s son dies in road accident
-
News23 hours ago
FG predicts 5-day heavy downpour across 22 states, FCT
-
Sports1 day ago
JUST IN: Super Eagles players, officials set to depart Libya for Nigeria
-
News1 day ago
Kidnappers kill Delta DPO
-
News23 hours ago
Nigeria in darkness as national grid collapses again
-
News3 days ago
FLASHBACK: How Tinubu criticised Jonathan over Petrol Subsidy Removal
-
News2 days ago
NDLEA seizes N22.7bn worth of drugs at Lagos, Rivers seaports