News
Nigerian DisCos Generate ₦291.62 Billion in Q1 2024 Amid Reduced Power Supply
The National Bureau of Statistics (NBS) has reported that Nigeria’s electricity distribution companies (DisCos) amassed ₦291.62 billion in revenue in the first quarter (Q1) of 2024.
This is a 17.91 percent increase from the ₦247.33 billion recorded in the same period of 2023.
Despite the revenue growth, there was a notable decline in power supply. The electricity provided dropped from 6,432.22 gigawatt-hours (GWh) in Q4 2023 to 5,769.52 GWh in Q1 2024.
Compared to Q1 2023, when the supply was 5,851.87 GWh, this marks a 1.41 percent decrease.
Additionally, the total number of customers rose to 12.33 million in Q1 2024, up 1.78 percent from 12.12 million in Q4 2023. Year-on-year, this reflects a 9.47 percent increase from the 11.27 million customers reported in Q1 2023.
Metered customers also experienced growth, reaching 5.91 million in Q1 2024, which is a 5.38 percent rise from 5.61 million in the previous quarter and an 11.26 percent increase from 5.31 million in Q1 2023.
The Federal Road Safety Corps (FRSC) has reportedly deployed 1,889 personnel across Kano State ahead of the Eid-el-Kabir celebrations.
This was done to ensure the safety of people traveling in and out of the state during the festive period.
In a statement, the agency said: “The special patrol is part of routine operational measures introduced during festive periods when there is usually high traffic volume on major roads.”
“The aim is to reduce road traffic crashes, minimise congestion, and ensure the safety of lives and property during the Eid-el-Kabir celebrations.”
The All Progressives Congress Lagos State chapter has released the names of its candidates for the House of Representatives in the 2027 elections.
The winners of Ikeja, Agege, and Ikorodu federal constituencies are James Abiodun Faleke (Ikeja Federal Constituency), Mudashiru Ajayi Obasa (Agege Federal Constituency), and Babajimi Benson (Ikorodu Federal Constituency).
Others include Muftau Egberongbe (Apapa), Moses Olanrewaju (Amuwo-Odofin), Adeyemi Alli (Mushin I), Moses Oluwatosin Fayinka (Mushin II), and Fuad Kayode Laguda (Surulere I).
It has been reported that the Ebola virus is rising again and there have been some cases. This has caused fear in many, with talks of different viruses spreading.
Amid this concern, the Federal Airports Authority of Nigeria (FAAN) reassured the people that no trace of Ebola has been confirmed in the country, despite the outbreak in Africa.
FAAN shared that they have been on the lookout for travellers who may have symptoms, and so far there is none.
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