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DisCos blame low generation as grid collapses third time

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Concerns are rising that incessant grid collapse cases may be returning to Nigeria’s power sector, as Nigerians experienced three incidents in less than a month.

Electricity distribution companies blamed low power generation for the disruptions, though they did not agree that the sector is reverting to the era of frequent grid failures.

The national power grid collapsed again on Tuesday, the second time in four days. This marks the second grid collapse in January 2026 and the third in less than a month. The grid previously collapsed on December 29, 2025, and on Friday, January 23, 2026, before the latest incident on Thursday.

Recall that the grid collapsed almost monthly in 2024, but the situation improved in 2025 when only two major collapses were recorded. However, experiencing two incidents in four days—and three in less than a month—signals a worrying trend to stakeholders in the Nigerian electricity supply industry.

The PUNCH reports that power generation dropped to just 39 megawatts at 11 am on Tuesday, down from 3,825 MW at 10 am. Our correspondent noted that generation peaked at 4,762 MW as of 6 am on Tuesday. During the collapse, load allocation to the DisCos was 0.00 MW, indicating that no company was supplying electricity at the time.

The Abuja Electricity Distribution Company said, “Dear valued customers, we regret to inform you that there is currently a loss of power supply across our franchise area.

“We do not have a view of when we will be restored to the grid; however, our technical teams are working closely with relevant stakeholders to ensure the prompt restoration. We will update you as soon as we have more information. We sincerely appreciate your patience and understanding as we work to serve you better.”

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The Port Harcourt DisCo also appealed to customers: “Dear esteemed customer, kindly be informed that the outage currently experienced in all our franchise areas is due to grid collapse. We appeal to our esteemed customers to exercise patience as the relevant team is working tirelessly to restore the power supply as soon as possible. All inconveniences are regretted.”

Speaking with our correspondent, DisCos spokesman, Sunday Oduntan, acknowledged concerns about ongoing grid collapses in 2026 but disagreed that the sector is returning to constant failures. He said NISO and other stakeholders are working hard to stabilise the grid. However, he noted that low power generation remains a major challenge.

“We are not going back to the days of incessant grid collapses; lessons are being learnt. Look at the speed at which they fixed the recent incidents and compare that to those of 2024. It was faster; that tells you that something underneath is working. NISO, which is managing the grid, has upped its game.

“However, what we are generating is not enough; that is the bane of our challenge. It is the major cause. Where should the grid be collapsing in 2026? We need to address this major crisis once and for all,” Oduntan said.

Meanwhile, the Nigerian Independent System Operator said the national electricity grid experienced a voltage disturbance originating from the Gombe Transmission Substation on Tuesday. The event affected only part of the grid and did not result in a total collapse.

In a statement titled ‘Update on Partial System Disturbance on the National Grid’, NISO said the incident occurred at approximately 10:48 am, rapidly propagating across the network and impacting the Jebba, Kainji, and Ayede Transmission Substations. It noted that the disturbance caused the tripping of some transmission lines and generating units, resulting in what it described as a partial system collapse.

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“The Nigerian Independent System Operator wishes to state that at approximately 10:48 hours on January 27, 2026, the national grid experienced a voltage disturbance which originated from the Gombe Transmission Substation. The voltage disturbance rapidly propagated across the network, affecting Jebba, Kainji, and subsequently Ayede Transmission Substations.

“The event was accompanied by the tripping of some transmission lines and generating units, resulting in a partial system collapse. Appropriate corrective actions were immediately implemented to stabilise the system and restore normal operations. Restoration, which began at about 11:11 am, has since been completed,” it said.

NISO added that “the national grid has been fully restored and electricity supply across the affected areas has since returned to normal.”

The incident comes amid ongoing discussions in the power sector on grid stability, investment in transmission infrastructure, and rapid response mechanisms to minimise service interruptions in a country where millions of households and businesses rely on a stable electricity supply.

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Business

Amazon to cut 16,000 jobs worldwide

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Amazon said Wednesday that it would be cutting 16,000 jobs worldwide as part of a restructuring announced in October, when the e-commerce giant had already flagged plans to cut its workforce by 14,000 posts.

The jobs cuts are aimed at “reducing layers, increasing ownership, and removing bureaucracy,” senior vice president Beth Galetti said in a statement.

Media reports from October had said the roughly 30,000 job cuts planned in total would impact nearly 10 percent of the 350,000 office jobs at Amazon, without affecting the distribution and warehouse workers that make up the bulk of its 1.5 million employees.

At the time the company refused to comment on the reports, which said they came amid increased investments in artificial intelligence.

Amazon did not give any breakdown of the latest job cuts on Wednesday, saying only that “every team will continue to evaluate the ownership, speed, and capacity to invent for customers, and make adjustments as appropriate.”

The company will release its full-year 2025 results on February 6, when it will hold a conference call that will be broadcast live.

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Multi-Trex gets NGX nod to fix shareholding shortfall

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Multi-Trex Integrated Foods Plc has secured approval from the Nigerian Exchange to take steps aimed at increasing its public shareholding, following a recapitalisation that left its free float below the Main Board requirement.

According to a statement signed by the Company Secretary, Sogunle Adekunle, on Wednesday, NGX Regulation Company granted the company a 24-month moratorium, ending 14 January 2028, to restore its free float to at least 20 per cent of issued share capital or a market capitalisation of 20bn, whichever is lower.

This extension provides the company with additional time to comply with regulatory requirements while implementing strategic plans to increase shareholder participation.

The recapitalisation, which followed a seven-year cessation of operations, involved Messrs N-Foods Universal Concept Limited injecting capital to settle obligations to the Asset Management Corporation of Nigeria.

As a result, N-Foods Universal Concept Limited now controls 70 per cent of Multi-Trex’s issued share capital, leaving the company’s public free float at 7.23 per cent, valued at N117.46m, according to the 2024 audited financial statements.

In a statement to shareholders, the company emphasised its commitment to maintaining its listing on the NGX and assured investors that it is actively exploring strategies to increase the public free float.

The board warned that failure to meet the NGX threshold within the extension period could result in trading suspension or potential delisting of the company’s securities.

The statement read, “While this recapitalisation successfully stabilised the Company, it resulted in a contraction of the Company’s public free float. According to our 2024 Audited Financial Statements, our Company’s free float stood at 7.23% (with a value of N117,457,100.64). This is below the NGX Main Board requirement, which mandates a free float of either 20% of issued share capital or a market capitalisation of N20 billion.

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“​In view of the above, the Company applied to the NGX for an extension of time to comply with the free float threshold. We are pleased to announce that the NGX Regulation Company (NGX RegCo) has conditionally granted the Company a 24-month moratorium, ending on January 14, 2028, to take the necessary steps to restore the free float to the required level.”

The management expressed appreciation to shareholders for their continued patience and support during the company’s recovery phase, highlighting the strategic measures undertaken to strengthen operations and compliance with market regulations.

Multi-Trex Integrated Foods’ NGX approval marks a milestone in its ongoing business recovery, giving the company a clear regulatory pathway to enhance public participation in its shareholding while ensuring compliance with market standards.

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Voltage disturbance hits Gombe substation, triggered partial grid collapse — NISO 

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The national electricity grid experienced a voltage disturbance originating from the Gombe Transmission Substation on Tuesday morning, the Nigerian Independent System Operator has confirmed, clarifying that the event affected only part of the grid and did not result in a total collapse, contrary to some media reports.

In a statement titled “Update on Partial System Disturbance on the National Grid”, NISO said the incident occurred at approximately 10:48 a.m., rapidly propagating across the network and impacting the Jebba, Kainji and Ayede Transmission Substations.

It noted that the disturbance caused the tripping of some transmission lines and generating units, resulting in what the operator described as a partial system collapse.

Recall that PUNCH Online reported that the power grid crashed again on Tuesday, the second time in four days.

The power generation dropped to just 39 megawatts at 11 a.m., down from 3,825 MW as of 10 a.m.

Our team monitoring the situation reported that power generation had peaked at 4,762 MW as of 6 a.m. on Tuesday.

Also, EkoDisCo, in a statement on Tuesday, informed its customers of a system collapse that resulted in power loss.

This is the second grid collapse in January 2026 and the third in less than one month. The national grid previously collapsed on December 29, 2025, and more recently on Friday, January 23, 2026.

As the grid collapsed on Tuesday, load allocation to the distribution companies was 0.00 MW, indicating that no Disco was supplying electricity at the time of the incident.

Confirming the incident, the System Operator, which manages the transmission network and ensures stability across the country, attributed the prompt restoration to coordinated control room interventions and automated protection mechanisms embedded across the grid.

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NISO said, “The Nigerian Independent System Operator wishes to state that at approximately 10:48 hours on January 27, 2026, the national grid experienced a voltage disturbance which originated from the Gombe Transmission Substation.

“The voltage disturbance rapidly propagated across the network, affecting Jebba, Kainji, and subsequently Ayede Transmission Substations. The event was accompanied by the tripping of some transmission lines and generating units, resulting in a partial system collapse.

“Appropriate corrective actions were immediately implemented to stabilise the system and restore normal operations. Restoration, which began at about 11:11 am, has since been completed. The incident only affected part of the grid; therefore, not a total collapse as reported by some media organisations. Additional information can be obtained from our website: www.niso.org.ng.

“The national grid has been fully restored, and electricity supply across the affected areas has since returned to normal.”

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