Connect with us

News

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

Published

on


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.

Advertisement

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.


 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Atiku Abubakar and Peter Obi Allegedly in Talks to Join Social Democratic Party

Published

on

Photo source: Google

Former Vice President Atiku Abubakar and ex-Labour Party (LP) presidential candidate Peter Obi are reportedly in talks to join the Social Democratic Party (SDP), according to Adewole Adebayo, the SDP’s presidential candidate in the 2023 elections.

Adebayo revealed this during an interview on Channels Television’s Sunday Politics, where he shared that discussions are ongoing through close associates of both Atiku and Obi. He mentioned that the SDP is open to welcoming them into the fold.

He added that the party had recently admitted a former governor from Kaduna State, who is also a key member of the All Progressives Congress (APC), signaling a shift in the political landscape. Adebayo emphasized that the SDP is experiencing growth as more individuals join, but there is a need for a cultural shift in politics, particularly regarding internal rules and procedures.

When asked directly about Obi’s potential move to the SDP, Adebayo confirmed that while talks are taking place, nothing is official until a formal announcement is made. He mentioned that he had received updates from party officials, including the Financial Secretary, about the ongoing discussions.

Adebayo also stressed that the SDP would only accept politicians who align with the party’s values and adhere to its democratic processes. “If they are willing to follow our transparent and credible internal processes, we can work together to offer Nigerians a real alternative,” he added.

Advertisement

 

Continue Reading

Fashion

Former Senator Shehu Sani Declines Invitation to Judge Miss World Nigeria Beauty Pageant

Published

on


Former Kaduna Central Senator Shehu Sani declines invitation to judge the Miss World Nigeria Beauty Pageant.

It was reported that the position of a judge was offered to Shehu Sani by Ben Murray Bruce, founder of Silverbird Group. However, Sani rejected the offer to judge the event.

Ben Bruce takes to social media to invite the former senator to be present at the event and sit as a judge.

Shebu Sani then responded by stating “You should have send me a formal letter and with full benefits attached to it after I have passed the Judgment. I appreciate the honour from a good friend. Unfortunately, I’ll be unavailable on that day. I wish you a successful outing.”


 

Advertisement
Continue Reading

Entertainment

Mr. Macaroni Laments to Lagos State Governor Over Traffic Cause

Published

on


Nigerian Comedian, Mr Macaroni expresses dissatisfaction with the Governor of Lagos State over traffic issues.

It can be reported that Lagos has been suffering through a serious traffic phase. The reason behind this was revealed to be the Independence Bridge repairs.

Governor Sanwo Olu then pleaded with Lagosians to bear with the traffic as the repair is necessary. “Let’s think outside the box. If you don’t have business to do in Victoria Island in the next 2 to 3 weeks, conduct your business online and plan ahead.”

However, Mr Macaroni reacts to the Governor’s plea by stating “If the government had any regard whatsoever for the people of Lagos, these measures and more extensive ones would have been taken before yesterday to make this process as painless as possible for the people.”

He lamented on the serious effect that this traffic has taken on people’s day to day life and shared that the government didn’t consider its people.

Advertisement

 

Continue Reading

Trending