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Darkness Hits Presidential Villa As Vandals Steal TCN Cable

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The Transmission Company of Nigeria, TCN, has confirmed that parts of the Presidential Villa and 60 percent of the Federal Capital Territory, Abuja, are in darkness after vandals stole a 132-kilovolt underground cable that transports bulk electricity to its 132kV Central Area Transmission Substation.

TCN disclosed this in a statement by its spokesperson, Ndidi Mbah, on Friday.

According to TCN, the vandalisation occurred around the Millennium Park axis of Abuja.

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It added that the vandals made away with 40 meters of 1×500 mm² XLPE conductors on the two 132 kV transmission lines.

“The vandalised 132kV underground cable transports bulk electricity to TCN’s 132kV Central Area Transmission Substation, which then supplies power through 8No. distribution feeders to AEDC for onward supply to its customers in Central Area and environs.

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“The incident, which was carried out around the Millennium Park axis of Abuja, has affected over 60% of the power supply to Abuja as the vandals carted away 40 meters of 1x500mm² XLPE conductors on the 2 numbers 132kV transmission lines.

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“TCN engineers have already been mobilised to the site of the incident to repair the vandalised cables,” the company stated.

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TCN added that the development has led to several areas in the Federal Capital Territory, FCT, experiencing power outages, including Maitama, Wuse, Jabi, Life Camp, Asokoro, Utako, Mabushi, and parts of Presidential Villa.

DAILY POST earlier reported that AEDC had blamed recent power outage in Abuja on faulty 132-kilovolt lines 182 from the Katampe to AT5 Central Area Transmission Station.

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Transfer: Premier League Clubs Scramble For Dele-Bashiru

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Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

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La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

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He has been a regular feature for Lazio this season.

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Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

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The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

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“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

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“This contradiction will no longer be tolerated,” the statement said.

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N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

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First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

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Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

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Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

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Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

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Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

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By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

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Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.

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