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Nigerian DisCos Generate ₦291.62 Billion in Q1 2024 Amid Reduced Power Supply

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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.

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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.


 

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Heritage Foundation Pushes for Release of Prince Harry’s U.S. Immigration Records

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The Heritage Foundation has intensified efforts to release Prince Harry’s U.S. immigration records, asserting that his disclosures could have affected his entry eligibility.

After DHS denied their Freedom of Information request, a judge ruled in September to keep the files private—a decision now under appeal by Heritage.

Heritage spokesperson Nile Gardiner argued that revealing the records aligns with public interest, adding, “The rule of law should apply equally to everyone.” He also suggested that the Biden administration’s protection of Harry may end after the inauguration, with growing calls in Congress for transparency.

Tensions have persisted between Harry and former President Trump, who has openly criticized the prince and indicated he wouldn’t offer him protection if re-elected. Gardiner predicts a decision on the matter within a year.


 

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Lagos Port Welcomes the Largest Container Vessel Ever to Nigerian Port

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The Lagos Port Complex in Apapa welcomes the largest container vessel ever to the Nigerian port with a capacity of 7000 TEUs. This events marks as a milestone for Nigeria and shows the growth in the country’s trade. The vessel, operated by COSCO Shipping, measures 272 meters in length and is expected to enhance the port’s efficiency.

The terminal operator at the APM Terminal states that this achievement will strengthen Nigeria’s import and export abilities and serves as a good reputation. This event has expanded the presence of Nigeria’s port and can start to make positive changes in the economic state of the country.


 

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President Tinubu Advises Media on Democracy and Government Accountability

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President Bola Tinubu advises the media to hold the government responsible in order to strengthen Nigeria’s Democracy. At the 20th All Nigeria Editors Conference, situated in Bayelsa, President Tinubu was represented by the Minister of Information.

And the Minister passes across the message that the media and government should be one with a shared goal. He emphasises on democracy and accountability with the government and the media.The Governor of Bayelsa, Douye Diri also shares the same idea and speaks on democracy within the media, he talks about the importance of unity for the sake of national development.


 

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