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.
News
Nigerian Student Wins 2026 Spelling Bee World Championship
It has been reported that a Nigerian won the 2026 Spelling Bee World Championship, which was held in Shanghai, China. The winner, Chinedu Great Okdediachi, has now returned home to Delta State after his victory.
It can be noted that the student had already emerged as one of the Gold Award winners in the Middle School Group category.
“Congratulations once again, Chinedu! Your success continues to inspire young Nigerians to pursue excellence through education. Welcome home, Champion!”
The young star has made Nigeria proud by winning the international competition.
News
‘My Reforms Have Stabilised Nigeria’s Economy’ — President Tinubu
President Bola Ahmed Tinubu has stated that his administration’s economic reforms have helped stabilise Nigeria’s economy and placed the country on a path toward steady growth.
He said “My reforms have stabilised Nigeria’s economy and put it on a path of steady growth.”
The President added that the reforms are creating more opportunities for development across the country.
However, many Nigerians reacted online, with some questioning the impact of the reforms and saying they have yet to experience the positive effects.
News
Nyesom Wike Says He Knows Civil Servants Don’t Like Him
Nigerian politician and FCT Minister, Nyesom Wike, has said that he is aware many civil servants do not like him.
He shared that he understands why he is unpopular among some civil servants, explaining that funds previously spent on unnecessary conferences are now being redirected to road construction projects.
He said “Some people say conferences for corruption and I say what is that? You are going for conferences to do what? These are ways government funds are being diverted. I say put this money in this road here and the people will get the impact.”
-
Entertainment1 hour agoLove Island Winners Bryce and Trinity Ignore Online Drama
-
Entertainment3 hours agoPeller Shares the Strict Rule in His Relationship With Jarvis
-
Entertainment2 hours ago‘You No Be Her Boyfriend’ — Geh Geh Sparks Debate
-
News6 hours agoNigerian Student Wins 2026 Spelling Bee World Championship
-
Entertainment2 hours agoSadie Sink Makes Surprise Appearance at Spider-Man Premiere
-
Entertainment4 hours agoThe Biggest Hit Song From These Popular Artists
