Favour's blog

The Transmission Company of Nigeria ( TCN ) has revealed it has spent over ₦88 billion on repairing vandalised power infrastructure nationwide between 2021 and now, warning that the persistent attacks are draining resources meant for upgrading Nigeria’s electricity network . Speaking at a public sensitisation campaign against vandalism at the Odogunyan 132kV Transmission Substation in Ikorodu , Lagos , TCN’s Principal Manager (Lines), Engr. Seyi Onabajo , described the trend as unsustainable. “This is a wake-up call for the whole community and beyond to protect TCN infrastructures and report cases of vandalism to the appropriate authorities. We cannot continue to spend so much on repairing vandalised power towers , especially as the cost of building a tower from scratch is cheaper than repairing it,” he stressed. General Manager, TCN Lagos Region , Engr. Mojeed Akintola , explained that community engagement is now a quarterly exercise to improve awareness and prevent further sabotage...

Nigeria's national power grid suffered yet another collapse on Wednesday, December 11, 2024, leaving the country in darkness. This marks the 12th time the grid has failed this year, a record-setting number of collapses for a single year. The incident occurred at 2:09 pm, as confirmed by a tweet from the official handle of Nigeria’s National Grid. “The major grid setback has occurred, and the restoration is to commence,” the tweet stated. Between January and November 2024, the grid collapsed 11 times. In October alone, it failed three times within a single week, leading to widespread blackouts and public outcry. This persistent issue has sparked debates about the nation’s power infrastructure, with many Nigerians calling for urgent reform and investment in sustainable energy solutions. More details about the latest collapse and efforts toward restoration are expected to follow. Follow us on Facebook @ Favour's blog , on Instagram @ Favour's blog , on X @ Favour's blog

LG Chem, a leading South Korean chemical company, has announced plans to further expand its battery material production capacity in China, aiming to capitalize on the country’s emphasis on sustainable development and its growing focus on new, high-quality production forces. The company sees significant growth potential in the Chinese market, which plays a central role in driving global economic growth. Shane YS Hwang, president of LG Chem Greater China, highlighted the company's longstanding presence in China, noting that it was the first South Korean chemical company to invest in the country over 30 years ago. Currently, LG Chem operates more than 10 factories in cities such as Tianjin, Ningbo, and Guangzhou, as well as two technical centers. With over 3,600 employees in China, the company continues to see the market as a key driver of its global sales. As part of its expansion strategy, LG Chem has collaborated with Chinese battery material producer Zhejiang Huayou Cobalt Co. ...

Antitrust enforcement has become an essential global practice to ensure fair competition and foster innovation, and companies should not use geopolitical tensions as excuses for breaching their legal commitments, said top industry experts on Tuesday. Their comments followed an investigation launched by China's State Administration for Market Regulation (SAMR) into US chipmaker Nvidia over suspected violations of anti-monopoly laws and its commitments during the 2020 acquisition of Israeli chip designer Mellanox Technologies Ltd. While the specific details of the investigation remain undisclosed, Deng Feng, a law professor at Peking University, pointed out that Nvidia has stopped supplying several GPU products to China due to US export controls. This, he said, breached Nvidia's previous commitments and harmed Chinese companies, resulting in widespread dissatisfaction in the industry. In 2019, when Nvidia made its $6.9 billion bid to acquire Mellanox, concerns arose about Chin...

Artificial intelligence (AI) is on track to revolutionize the global advertising industry, with AI-driven content expected to influence a staggering 94.1% of ad revenue by 2029 . This milestone, which is forecasted to be achieved three years earlier than initially predicted, underscores the accelerating role of AI in shaping the future of advertising. According to the 2024 Global Midyear Advertising Forecast , AI is poised to become an indispensable tool for advertisers, driving targeted and highly personalized ad content at scale. This shift marks a significant transformation, as AI technologies continue to reshape how advertisements are created, optimized, and delivered. Digital Advertising Dominates, But AI is the Game Changer As of 2024, digital advertising continues to lead the industry, commanding 70.6% of global ad revenue, or approximately $699 billion . Within this growing digital space, retail media is emerging as one of the fastest-growing segments. Retail media refers t...

Rubitec Nigeria Limited, in partnership with Renewable Tech Nigeria, has announced a free training program for solar engineers and technicians. The Polastore Cold Storage Solution Training is scheduled to take place from January 27 to 31, 2025, at the Lagos State Energy Academy, GRA, Ikeja. In a statement, Bolade Soremekun, Managing Director/CEO of Rubitec Nigeria Limited, emphasized the program's significance in advancing Nigeria's renewable energy sector. “Participants in this free program will gain invaluable skills and contribute to the nation’s journey towards a cleaner and greener future,” Soremekun said. The training will focus on hands-on expertise in implementing and maintaining solar hybrid cooling systems, offering participants practical knowledge in renewable energy solutions. Promoting Sustainability in Agriculture The initiative is designed to address Nigeria's critical energy challenges in the agri-food sector. According to Soremekun, the program aims to redu...