RUSSIA LAUNCHES MASSIVE DRONE AND MISSILE BARRAGE ON UKRAINE, KILLING AT LEAST 18 CIVILIANS AND STRIKING KYIV AND MULTIPLE CITIES. (PHOTO).

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 Russia launches massive drone and missile barrage on Ukraine, killing at least 18 civilians and striking Kyiv and multiple cities  Russia carried out a large-scale overnight assault on Ukraine, launching hundreds of drones and dozens of missiles that killed at least 18 civilians and wounded more than 100 others across multiple cities, officials said Tuesday. The strikes hit Kyiv, Dnipro and other regions, with emergency crews working through destroyed residential buildings where some victims were trapped under rubble. In Dnipro, rescuers recovered the bodies of a 3-year-old child and a mother and her 8-year-old son, while officials reported 12 deaths in the city and six in Kyiv. The bombardment stretched from night into daylight, with explosions reported across wide areas of the country. Kyiv residents had been on alert for days after warnings of a major aerial attack, including advisories for foreign diplomats to leave the capital. Despite those warnings, most remained in pl...
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NIGERIA SEEKS $2BN CHINA LOAN FOR NEW ‘SUPER GRID’ — ADELABU. (PHOTO).

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 Nigeria seeks $2bn china loan for new ‘super grid’ — Adelabu


Nigeria is in discussion with China’s Export-Import Bank for a $2 billion loan to finance a new “super grid” to ease the country’s power shortages. According to Bloomberg, the Minister of Power, Adebayo Adelabu, disclosed this during an economic summit in Abuja on Monday.


Adelabu explained that the project is part of government efforts to decentralise power generation and encourage large-scale industrial users who left the national grid due to its unreliability to reconnect. The new transmission infrastructure will link the eastern and western regions of the country, where most of Nigeria’s industrial consumers are located.


“It’s part of plans to decentralise power generation in Nigeria and get the heavy commercial users that left the power grid because of its unreliability to return,” he said. The power grid has experienced multiple collapses over the years, often attributed to inadequate generation capacity, transmission constraints, and technical faults.

Adelabu said the proposed super grid would improve transmission efficiency and ensure more power reaches industrial zones.


He added that the Federal Executive Council has already approved financing for the project. Adelabu also revealed that recent tariff adjustments for urban consumers have improved industry revenues by 70% in 2024 and are projected to rise further by 41% to N2.4 trillion ($1.6 billion) this year.

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