Connect with us

Featured

FG Increases Electricity Tariff for Customers on 20-Hour Power Supply

Published

on

The Nigerian Electricity Regulatory Commission has approved the electricity tariff increase for customers under the Band A classification.

The Vice Chairman, NERC, Musliu Oseni, said the increase will see the customers paying N225 kilowatt per hour from the current N66.

PUNCH Online notes that customers under Band A are those who enjoy 20 hours of electricity supply daily.

Speaking at a press briefing in Abuja on Wednesday, Oseni said customers in Band A represent a 15 per cent of the 12m electricity customers in the country.

He added that the commission had also downgraded some customers on the Band A to Band B due to non-fulfilment of the required hours of electricity provided by the electricity distribution company.

He said, “We currently have 800 feeders that are categorised as Band A, but it will now be reduced to under 500. This means that 17 per cent now qualify as Band A feeders. These feeders only service 15 per cent of total electricity customers connected to the feeders.

“The commission has issued an order which is titled April supplementary order and the commission allows a 235 kilowatt per hour.”

He added that the review will not affect customers on the other Bands.

Citing sources, Bloomberg had on Tuesday reported that power companies will be allowed to raise electricity prices to N200 ($0.15) per kilowatt-hour from N68 for urban consumers.

It quoted people in the presidency with knowledge of the matter saying this was in a bid to attract new investment and slash about $2.3 billion spent to cap tariffs.

According to the news agency, “Nigerians will now have to pay $2.42 per one million British thermal units from the previous rate of $2.18 MMBtu.”

The development comes amid Monday’s announcement by the Nigerian Midstream and Downstream Petroleum Regulatory Authority of an increase in the price of natural gas, which is used to generate more than 70 per cent of electricity in Nigeria.

Source: The Punch

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.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

Featured

Buhari’s Era Was Marked by Service, Discipline and Patriotism, Abike Dabiri-Erewa Mourns Passing of Ex-President

Published

on

By

The Chairman/CEO Nigerians in Diaspora Commission (NiDCOM), Hon. Abike Dabiri-Erewa, has expressed deep sadness over the passing of former President Muhammadu Buhari, describing his demise as the end of an era marked by service, discipline, and patriotic dedication to Nigeria.

Hon. Dabiri-Erewa commiserated with the Buhari family, the Government and People of Katsina State, as well as all Nigerians, on the irreparable loss of a statesman whose contributions to national development spanned decades.

In a statement issued by Mr Gabriel Odu of the Nigerians in Diaspora Commission, she recalled the late President’s efforts in repositioning Nigeria on the global stage, strengthening foreign relations, and promoting the active engagement of Nigerians in the Diaspora in national growth and development.

“President Buhari’s support for the establishment of NiDCOM in 2019 demonstrated his deep appreciation for the Nigerian Diaspora and his belief in their capacity to contribute meaningfully to the nation,” she said.

While praying for the repose of his soul, Hon. Dabiri-Erewa urged Nigerians at home and abroad to uphold the values of integrity, patriotism, and selfless service that the late President exemplified.

She also prayed that the Almighty Gid comforts the family and grants them the fortitude to bear the loss.

Continue Reading

Featured

Glo Partners Samsung to Unveil Latest Phones, Rewards Customers with Free Data

Published

on

By

Digital solutions company, Globacom, has partnered with Samsung, leading electronic device manufacturer, to offer an exclusive opportunity to Glo subscribers to pre-order the highly coveted Samsung Galaxy Z Fold 7 and Flip 7 smartphones.

Those pre-ordering any of the sleek devices are also to get free 18GB data from Globacom as well as various gift items worth up to N1.2 million.

The Samsung Galaxy Z Fold 7 and Flip 7 series with advanced design, camera capabilities, and AI integration, were jointly unveiled by the two companies at a masterclass session held at the corporate headquarters of Globacom, Victoria Island, Lagos, on Tuesday at an event attended by  high net-worth Glo customers, special guests, journalists and officials of the two companies.

The pre-ordering of Fold 7 regarded as the thinnest and lightest in the series to date, and the Flip 7 which features a larger cover screen and enhanced FlexWindow usability with Galaxy AI, commenced immediately at the venue with several Glo subscribers ordering for the latest masterpiece from Samsung.

Speaking at the event, Samsung’s Head of Product Marketing, Stephen Okwarah, spoke on how Samsung has built a strong relationship with Globacom over time as the telco has always given Samsung good numbers in terms of sales orders from subscribers. He also explained the huge benefits and amazing features of the new devices for the benefits of those who want to  upgrade their current phones or who want to switch to the new devices.

Earlier, Abdulrazaq Ande, Globacom’s Head of Division (West), noted that the two devices “represent the cutting edge of mobile innovation, adding that Globacom is “proud to make them available exclusively at Glo retail outlets across Nigeria”.

He also noted that the partnership with Samsung to launch the devices “also reflects our broader commitment to innovation. With our fiber-optic expansion, and smart solutions for homes and businesses, Globacom is building the future of digital life in Nigeria — and we’re doing it with world-class partners”.

He encouraged discerning phone enthusiasts to visit any Gloworld outlet and pre-order the Samsung Galaxy Z Fold 7 and Flip 7 series to take advantage of the offer.

Some of the high net-worth individuals who have already pre-ordered the phones, picked up various gift items in a lucky dip at the event. The star gift of the day was a 55 inch Samsung QLED Television set, which was won by Idowu Emmanuel, a telecoms products dealer in Lagos.

Continue Reading

Featured

A Great Royal Icon is Gone, Sir Kesington Adebutu Mourns Passing of Awujale of Ijebuland

Published

on

By

By Eric Elezuo

The Odole-Oodua of The Source, Sir Kesington Adebukunola Adebutu, on behalf of the Ogbagba Royal Family & the entire Sons and Daughters of Ijebu-Land, has mourned the passing of the Awujale of Ijebuland, Oba Sikiru Kayode Adetona, who passed away on Sunday, July 13, 2025 at the age of 91.

In a statement the Founder/Chairman, Premier Lotto, signed himself, he expressed profound melancholy at the demise while acknowledging the Oba’s wisdom courage, and an unwavering commitment to the development and progress of Ijebu-Ode during his lifetime.

Adebutu recalled how the late Awujale “worked tirelessly to promote peace, unity, and cooperation among the various communities within his kingdom, and his efforts earned him the respect and admiration of his people.”

Below is the full details of the statement

FAREWELL TO A FOREMOST ROYAL MAJESTY- OBA DR SIKIRU KAYODE ADETONA GCON OGBAGBA11, AWUJALE AND PARAMOUNT RULER OF IJEBU-LAND.

It is with profound melancholy that I write to bid farewell to His Royal Majesty Oba Dr Kayode Sikiru Adetona GCON, a Monarch whose legacy will forever be etched in the annals of history.

The Late Awujale’s reign was marked by wisdom, courage, and an unwavering commitment to the development and progress of Ijebu-Land.

His Majesty’s leadership was characterized by a deep understanding of the complexities of modern governance and a keen sense of diplomacy. He worked tirelessly to promote peace, unity, and cooperation among the various communities within his kingdom, and his efforts earned him the respect and admiration of his people.

The Late Awujale’s impact on the cultural heritage of Ijebu-Land cannot be overstated. He was a custodian of tradition and a champion of the arts, and his court was renowned for its vibrant cultural displays. His love for his people and his land was evident in every decision he made, and his legacy will continue to inspire future generations.

As we mourn the loss of this great Royal Icon, we take solace in the knowledge that his impact will be felt for years to come in Ijebu-Land nay- Nigeria. May his soul rest in peace, and may his legacies continue to guide and inspire us. Amen.

With Affectionate Regards

Sir Dr Kesington Adebukunola Adebutu OON CON CFR,KJW FISM FGPS,FNIJ FAmedS
The Pillar of Methodism is Nigeria and Odole-Oodua of The Source

Continue Reading

Trending