Power supply to Lagos, Nigeria's commercial capital, has been severely disrupted after Eko Electricity Distribution Plc (EKEDP) lost connection to the national grid.
The failure has triggered widespread outages across the city's network, halting operations for businesses and residents alike.
64 trillion in value as investors accelerated capital flight ahead of the country's upcoming general election.
The incident underscores the fragility of Nigeria's power infrastructure at a time when market sentiment is already fragile.
Nigerian equities suffered a sharp decline recently, shedding N3.64 trillion in value as investors accelerated capital flight ahead of the country's upcoming general election.
The broad-based rout reflects deepening concerns over macroeconomic stability and political risk.
EKEDP's loss of grid supply is not an isolated operational glitch but a symptom of systemic strain on the national grid.