<< Back             Poser >> ELECTRICITY: TCN records 276 tower vandalism in 3 years By Mariam Eko The Transmission Company of Nigeria, TCN, said it recorded about 276 vandalized infrastructure from 2022 to 2025 nationwide. Speaking at the public sensitization on the ills of vandalism of TCN infrastructure held at Itori, Ewekoro, Local government area, Ogun State, the General Manager, TCN, Lagos region, Engr. Adeshina Adeonipekun noted: “I can recall as of last year, 2025, from 2022, we recorded nothing less than 276 tower vandalism. This year, with the support of communities and proactiveness of our staff, we have been able to minimize the issue of vandalism to about 40. “We put measures in place, one of which is our yearly sensitization program held at different locations to curb vandalism. This enables us to collaborate with communities and host communities to safeguard our infrastructures. We are lucky in the Southwest as the records are quite minimal. The National Security Advisor, NSA, and efforts from security agencies have helped us apprehend culprits involved”.   Also speaking, TCN’s Principal Manager,   Lines, Engr. Kuye Emmanuel stated that measures are in place to safeguard transmission lines. “Apart from this awareness, we arrange private vigilantes from zone to zone within the community that are being paid monthly to safeguard our lines. We also provide incentives to farmers in the community as a way of giving back to them and also appeal to them to stand firm and report vandals lurking around the area,” he said. On his part, the Olu of Itori, HRM Abdul Fatai Akorede Akamo harped on the need for such awareness to be done yearly. He said: “This awareness was last held four   years ago here in Itori, we commend TCN’s efforts and appeal for it to be held at least once a year.” Vanguard Business News	NEITI raises alarm over illicit financial flows in solid minerals sector By Obas Esiedesa The Nigeria Extractive Industries Transparency Initiative (NEITI) has raised concerns over rising illicit financial flows in Nigeria’s solid minerals sector, warning that weak regulation, illegal mining and opaque ownership structures are undermining the industry’s contribution to the economy. In a policy brief released on Thursday in Abuja titled, “Stemming the Scourge of Illicit […] ELECTRICITY: TCN records 276 tower vandalism in 3 years By Mariam Eko The Transmission Company of Nigeria, TCN, said it recorded about 276 vandalized infrastructure from 2022 to 2025 nationwide. Speaking at the public sensitization on the ills of vandalism of TCN infrastructure held at Itori, Ewekoro, Local government area, Ogun State, the General Manager, TCN, Lagos region, Engr. Adeshina Adeonipekun noted: “I can recall […] Equities market loses N1.23trn as profit-taking persists The equities market extended its bearish trend on Friday, shedding N1.226 trillion as investors recorded losses in major stocks. SEC warns Nigerians against rising Ponzi schemes on social media The Securities and Exchange Commission (SEC) has warned Nigerians against investing in unregistered online investment schemes being aggressively promoted on social media platforms, cautioning that many of them exhibit characteristics of Ponzi schemes. The warning was contained in a public notice dated May 8, 2026, and published on the Commission’s official communication channels. According to the […] CBN launches FX manual, grants extractive firms full proceeds access The Central Bank of Nigeria (CBN) has launched the 4th Edition of the Foreign Exchange Manual which grants foreign companies in the extractive industry 100 percent unfettered access to their export proceeds. IMF identifies Ghana’s key risks post-$3b loan-supported programme  Ghana on Friday, May 15, exited its $3 billion loan-supported programme with the International Monetary Fund (IMF), going through three-years of austerity to restore macroeconomic stability, but “the grass is still not green” for the country.