Discos revenue jumps to N887bn

Nigeria’s electricity distribution companies have raked in a total sum of N887.86bn as revenue in the first seven months of 2024 following the tariff increase for Band A customers and improved revenue collection, findings by The PUNCH have shown. Despite consistent complaints over poor power supply by consumers and high tariffs, the 11 Discos increased…

Read More

Tinubu’s proposed cabinet reshuffle

PRESIDENT Bola Tinubu is close to reshuffling his cabinet 17 months after assuming office. The speculation in the public of a cabinet reshuffle had gained frequency for some time because of the perceived non-performance of some ministers. The Presidency has now confirmed the reshuffle. The average performance of the Tinubu administration is largely foundational. It…

Read More

Over two million voters registered for Ondo poll – INEC

The Independent National Electoral Commission has announced that 2.053 million registered voters will participate in the November 16 governorship election in Ondo State. The Resident Electoral Commissioner in the state, Mrs. Oluwatoyin Babalola, disclosed this on Saturday in Akure while addressing newsmen on the commission’s preparedness for the election. Babalola revealed that 1.034 million males…

Read More

Primeboy threatens legal action against Mohbad’s mother

Owodunni Ibrahim aka Primeboy, who is a close associate of the late singer, Ilerioluwa Aloba aka Mohbad,  has countered the claims of the deceased’s mother, Abosede Adeyemo-Aloba, on what transpired between him and her son. According to Primeboy, Mohbad’s mother accused him of having an altercation with Mohbad while he was alive during an online…

Read More

Osun, Kwara declare Monday work-free for World Teachers’ Day

Osun State Governor, Ademola Adeleke,and his Kwara State counterpart, AbdulRahman AbdulRazaq, have declared Monday a work-free day for teachers in both public and private schools across the states in commemoration of this year’s World Teachers’ Day. In a statement by the Osun State Commissioner for Information and Public Enlightenment, Mr. Kolapo Alimi, Governor Adeleke said…

Read More

PoS transactions hit N6.23tn in seven months

Point of Sale transactions in Nigeria totalled N6.23tn between January and July 2024, according to data from the Nigeria Inter-Bank Settlement System. This marks a 7.4 per cent decline compared to the N6.79tn recorded in the same period in 2023, reflecting changes in consumer behaviour and spending patterns. A breakdown of the NIBSS data shows…

Read More