The Transmission Company of Nigeria (TCN) has declared force majeure at its Offa 132kV substation after unidentified gunmen attacked the facility and held personnel hostage.Workers were reportedly subjected to life-threatening conditions during the siege. General Manager of Public Affairs, Ndidi Mbah, disclosed the incident in an official press release issued on Saturday. May, 9. Early Thursday morning, gunmen forced their way into the station’s control room, disrupting power supply by coercing operators at gunpoint. After forcing the opening of the Offa and Ojoku 33kV feeders, the attackers demanded a total…
Category: Business
World’s Largest Container Carrier Announces New Route Bypassing Strait of Hormuz
Bypassing the Hormuz chokepoint, the world’s largest container carriers has unveiled a high-speed link between Europe and the Middle East. This innovative route swaps the blocked strait for a cross-Saudi trucking network and regional feeder vessels, effectively redrawing the map for global trade. Geopolitical volatility in the Red Sea and the Strait of Hormuz is forcing a massive maritime pivot. With traditional routes blocked, Africa has become the essential corridor for global trade, according to the latest logistics and maritime data. As the maritime blockade persists, Arab News reports a…
Global Trade at Risk as IRGC Implements Stricter Controls Over Strait of Hormuz
Amid escalating tensions, Iran’s Islamic Revolutionary Guard Corps (IRGC) has announced a new set of maritime regulations for the waters along its southern coastline. This move aims to tighten control over strategic routes in the Arabian Gulf and the Strait of Hormuz, with the IRGC Navy asserting its dominance over nearly 2,000 km of Iran’s vital maritime borders. Iranian state media, led by Press TV, reported a major escalation in maritime policy late Friday into Saturday morning. This shift follows a chilling ultimatum from Supreme Leader Mojtaba Khamenei, who warned…
Dismantling Barriers: Akutah Urges ACCI to Leverage Trainings and Shared Information to Bolster Non-Oil Sector
The Executive Secretary/CEO of the Nigerian Shippers’ Council (NSC), Akutah Pius Ukeyima, Esq, MON,FCILT, Ph.D received the Director General of the Abuja Chamber of Commerce and Industry (ACCI), Mr. Agabaidu Chukwuemeka Jideani, at the Council’s Liaison Office on Wednesday, April 29. This high-level engagement marks a new chapter in the partnership between the Port Economic Regulator and the organized private sector, aimed at unlocking fresh opportunities for Nigeria’s economic expansion. In his welcome address, Dr. Akutah underscored that the engagement was more than a ceremonial gesture; it was a mission-driven…
Lafarge Africa Posts N97.95bn Profit in Q1 2026
By Bashir Hassan Abubakar Lafarge Africa Plc has recorded a Profit After Tax of N97.95 billion for the first quarter of the 2026 financial year, representing a 101 per cent increase from the N48.64 billion posted in the corresponding period of 2025. The company also announced that net sales rose by 35 per cent to N334.88 billion, compared to N248.35 billion recorded in the same period last year. The Group Managing Director and Chief Executive Officer, Lolu Alade-Akinyemi, attributed the strong performance to sustained revenue growth, improved production volumes, enhanced…
Russian superyacht sails through Strait of Hormuz despite blockade
Defying a global maritime standoff, a multi-million-dollar superyacht tied to a top Putin ally has slipped through the blockaded Strait of Hormuz, according to the latest reports from the BBC ‘’A superyacht linked to one of Russian President Vladimir Putin’s key allies has sailed through the Strait of Hormuz, despite the ongoing blockade of the critical shipping channel. The 142m-long (465 ft) multi-deck luxury boat, named Nord, is linked to sanctioned Russian billionaire Alexei Mordashov. It travelled from Dubai to Muscat, Oman, over the weekend – one of the few private…
No Foothold for Captagon: NDLEA Intercepts Terror Drug, Recovers Millions of Opioids, Destroys 20,000kg Skunk while Bizman Excretes 45 Cocaine Wraps; Marwa Assures Sustained Crackdown.
History has been made through the NDLEA’s relentless commitment to protecting the nation. Five years on from when the agency recorded its landmark first seizure of Captagon at Lagos’ Apapa seaport, operatives have once again intercepted a consignment of the lethal substance, this time in Kwara State. Femi Babafemi, Director of Media and Advocacy, released a statement on Sunday, April 26, where he said Captagon produces a dangerous euphoria. This “terror drug” puts the public in jeopardy, allowing users to stay awake for days, making them fearless, and predisposing them…
Breaking the Chain: CILT Backs EFCC to Sanitize Nigeria’s Logistics & Transport Sector.
Positioning for greater local and global integrity, the Chartered Institute of Logistics and Transport (CILT) Nigeria paid a strategic visit to the Economic and Financial Crimes Commission (EFCC) headquarters in Abuja on Thursday, April 23. Led by President Dr. Boboye Oyeyemi, the delegation sought to deepen ties and advance anti-corruption initiatives within Nigeria’s vital transport and logistics sector CILT Nigeria President Dr. Boboye Oyeyemi spearheaded the high-powered delegation, joined by key Council members including Dr. Emmanuel Onwodi (Abuja Branch Chairman), VP North Sani Matthew Ibrahim, and Rakiya Nuhu. Rounding out…
United AMAC Market Lugbe Traders Elected New Leaders in The First Ever Electronic Voting System
Abuja Municipal Area Council (AMAC) traders in Lugbe on Tuesday the 21st elected new market officials in their first-ever use of electronic voting, marking a shift from the manual system that had long been criticised for irregularities. Sooth News can confirm that the poll recorded robust participation despite early resistance to the process. Records indicate that 392 traders cast their ballots out of a total 502 accredited participants. Security presence was heavy, with personnel from multiple agencies deployed due to tensions surrounding the election. Chairperson of the IAMEC, Independent AMAC…
Beyond the Docks: Shippers’ Council Targets Port Revolution Through Shipping & Terminal Ties; Urges Swift Clearance for Power Projects, Warning Delays Hinder Vital Energy Investments
Marking a landmark milestone for the Nation’s Maritime Ecosystem, the Nigerian Shippers’ Council Governing Board Chairman, H.E. Dr. Ibrahim Shehu Shema, CON, declared that intensified engagement with service providers will unlock a new era of transformative growth across Nigeria’s maritime sector This was contained in a statement issued by NSC’s Head of Public Relations, Rebecca Adamu. Board Chairman H.E. Dr. Ibrahim Shehu Shema, CON, stated this as Executive Secretary/CEO Dr. Pius Akutah, MON, led the Council’s Board and management on courtesy visits to CMA CGM and APM Terminals in Apapa,…