Business
Ikeja Electric Apologises Over Ongoing Power Disruptions
Ikeja Electric apologises to customers over power disruptions, citing gas supply constraints and promising updates as the situation improves
Electricity distribution company Ikeja Electric has apologised to customers for ongoing power supply disruptions across parts of its network, attributing the interruptions to gas supply constraints affecting generation on the national grid.
Also read: Ikeja Electric Announces 8-week Power Outage From October 11
In a public notice issued on Friday, the company acknowledged the inconvenience to residents and businesses and assured customers that efforts are underway to address the challenge.
“We understand the inconvenience the current power supply challenges may be causing you, and we sincerely apologise for the disruption to your daily activities,” the statement read.
Ikeja Electric explained that the situation stems from reduced generation capacity on the National Grid, which has led to increased load shedding across several feeders within its network.
“The situation is due to gas supply constraints affecting power generation on the National Grid, which has led to increased load shedding across our feeders,” the company added.
The distribution company further assured customers that relevant stakeholders in the power sector are working to restore stability to the grid.
“Please be assured that relevant stakeholders are working tirelessly to address the generation shortfall and restore stability to the grid,” the notice said.
Ikeja Electric also confirmed that it is closely monitoring developments and will provide updates as improvements occur.
“We truly appreciate your patience, cooperation, and understanding during this period. Thank you for bearing with us,” the management added.
Also read: Lagos Electricity Market Gets Boost as New Firms Take Over Distribution
Nigerian Independent System Operator revealed electricity generation fell below the 4,000-megawatt threshold on Thursday, producing only 3,940.53 megawatts due to persistent gas supply shortages affecting thermal power plants nationwide.
Business
ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026
New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.
Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.
The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.
The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.
ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.
“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”
Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.
“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”
With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.
Business
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