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TCN suspends planned power outage in Ondo, Ekiti – BEDC

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The Transmission Company of Nigeria (TCN) has decided to suspend the planned power outage on the Osogbo/Akure and Ado-Ekiti 132KV transmission lines. This decision comes after an earlier announcement by the BEDC Electricity Plc (BEDC) that the outage was scheduled to last for two months.

Evelyn Gbiwen, the Head of Branding and Corporate Communications at BEDC, released a statement confirming the suspension of the planned outage. According to her, TCN has informed BEDC that the outage, originally set to take place from July 1 to August 31, has been suspended indefinitely. This means that BEDC’s services will continue without interruption until further notice from TCN.

The planned outage was initially intended to facilitate maintenance work on the 132KV Osogbo-Akure transmission line, including the installation of optical ground wire and other necessary activities that require outage for safety reasons.

BEDC has reassured its customers in Ondo and Ekiti states that despite the suspension of the planned outage, the company remains committed to providing uninterrupted electricity services and serving its customers better.

In summary, the power outage that was scheduled for Osogbo/Akure and Ado-Ekiti has been put on hold until further notice from TCN, allowing BEDC to continue its operations without disruption.

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Naira Exchange Rates Thursday, 22 July

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BLACK MARKET RATES

US DOLLAR (USD) Buy ₦1,405 Sell ₦1,410

GREAT BRITISH POUND (GBP) Buy ₦1,880 Sell: ₦1,900

EURO (EUR) Buy ₦1,580 Sell ₦1,600

CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080

SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90

UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205

GHANA CEDI (GHS) Buy ₦95 Sell ₦110

WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400

CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250

AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900

CBN OFFICIAL EXCHANGE RATES

US DOLLAR (USD) ₦1,369.63

GREAT BRITISH POUND (GBP) ₦1,833.12

EURO (EUR) ₦1,563.03

SWISS FRANC (CHF) ₦1,685.08

JAPANESE YEN (JPN) ₦8.40

CHINESE YUAN (CNY) ₦202.21

WEST AFRICAN CFA (XOF) ₦2. 39

WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,867.90

SAUDI RIYAL (SAR) ₦366.36

SOUTH AFRICAN RAND (ZAR) ₦83.40

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President Tinubu Tasks Judicial Officers To Remain Abreast of Evolving Global Maritime Laws

President Tinubu made the call  in Abuja during the 18th International Maritime Seminar for Judges, organised by the Nigerian Shippers’ Council (NSC), under the auspices of the Federal Ministry of Marine and Blue Economy, in collaboration with the National Judicial Institute (NJI).

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President Bola Tinubu on Wednesday urged judges to continually update their knowledge on autonomous vessels, digital shipping, artificial intelligence-driven maritime operations, maritime security and evolving international environmental regulations.

President Tinubu made the call  in Abuja during the 18th International Maritime Seminar for Judges, organised by the Nigerian Shippers’ Council (NSC), under the auspices of the Federal Ministry of Marine and Blue Economy, in collaboration with the National Judicial Institute (NJI).

Represented by the Minister of Marine and Blue Economy, Adegboyega Oyetola, President Tinubu lauded the Nigerian Shippers’ Council for initiating and sustaining the international seminar for judges.

He described it as one of Nigeria’s foremost platforms for strengthening maritime jurisprudence, enhancing judicial capacity and promoting excellence in maritime justice.

According to Oyetola , rapid technological advancement is creating unprecedented legal questions relating to liability, navigational responsibility, insurance, collision regulations and allocation of responsibility when autonomous vessels malfunction.

He emphasised that the courts will increasingly adjudicate disputes involving decarbonisation, environmental compliance, blockchain-enabled cargo documentation, electronic bills of lading and other evolving international maritime legal frameworks.

“The emergence of autonomous vessels demands a judiciary equipped to resolve complex legal questions involving liability, insurance, navigation and technological accountability.

“Judicial officers must remain abreast of evolving international maritime law to ensure justice keeps pace with technological innovation,” he said.

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Naira Exchange Rates Wednesday, July 22 

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BLACK MARKET RATES  

US DOLLAR (USD) Buy ₦1,408 Sell  ₦1,413 

GREAT BRITISH POUND (GBP) Buy ₦1,885 Sell: ₦1,905 

EURO (EUR) Buy ₦1,585Sell ₦1,600 

CANADIAN DOLLAR  (CAD) Buy ₦1,020 Sell ₦1,080 

SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90 

UAE DIRHAM  Buy ₦350 Sell ₦370 

 CHINESE YUAN  Buy ₦190 Sell ₦205 

GHANA CEDI (GHS) Buy ₦95 Sell ₦110 

WEST AFRICAN  CFA Buy ₦2, 300 Sell ₦2, 400 

CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250 

AUSTRALIAN DOLLAR  Buy ₦800 Sell ₦900 

Official CBN Exchange Rates 

US DOLLAR (USD) ₦1,375. 31 

GREAT BRITISH POUND (GBP) ₦1,841. 13 

EURO (EUR) ₦1,569.78. 

SWISS FRANC (CHF) ₦1,694.98 

JAPANESE YEN (JPN) ₦8.45 

CHINESE YUAN (CNY) ₦203. 25 

WEST AFRICAN CFA (XOF) ₦2.40 

WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,874. 32 

SAUDI RIYAL (SAR) ₦366.36 SOUTH AFRICAN RAND (ZAR) ₦83.50

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