News
DisCos remit N189b out of N270b total invoice

The 11 electricity distribution companies (DisCos) in the country paid N188.70 billion to the Nigerian Bulk Electricity Trading (NBET) Plc and the market operator (M0) in the third quarter of 2023.
The payment is 69.88 per cent of the total invoices of N270.05 billion issued for electricity purchased from generation companies (GenCos) and supplied to electricity consumers in the quarter.
This was contained in the fourth quarter 2023 statutory report released by the Nigerian Electricity Regulatory Commission (NERC).
An analysis of the data contained in the NERC’s statutory report, indicated that Eko Electricity Distribution Company (EKEDC) achieved a 97 percent threshold by remitting N37 billion, showing a 3.5 per cent drop from the previous quarter. Kaduna Electric had the lowest remittance, in the period under review, having paidN1 billion, representing nine per cent of the NBET/MO invoices. It also dropped by 50 per cent in payment rate compared to the previous quarter.
Still, the remittances in the Q4, 2023, further showed that Yola Electricity paid N2 billion, representing 87 percent and dropping by 13.4 per cent, while lkeja Electric paid N35 billion, with a payment rating of 79 per cent, which also decreased by 10.3 per cent when compared with the previous quarter.
Abuja Electric recorded a 75 per cent performance with N36 billion paid, a 0.3 per cent drop, and Benin Electricity Distribution Company remitted N15 billion, achieving a 74 per cent remittance target, and a 0.9 per cent drop.
Port Harcourt DisCo paid N14 billion, representing 74 per cent of the invoice, dropping by 4.7 per cent while lbadan Electricity Distribution Company ((BEDC) paid N20 billion, representing 68per cent of the invoice, and dropping by 8.3 per cent compared with the previous figure. Enugu DisCo (EEDC) paid N14 billion, with a payment rate of 55 per cent of its quarterly invoice and dropping by 3.9 per cent in payment rate compared with Q3, 2023.
Jos Electricity paid N6 billion, 54 per cent of the actual invoice, a 0.7 per cent drop, while Kano Electricity paid N9 billion, 53 per cent of the invoice, recording a drop in its payment rate of about 13 per cent compared with Q3,2023.
The 11 DisCos are mandated to collect revenue based on approved tariffs, which are subsidised by the government ahead of a gradually transition of the sector to cost-reflective levels.
The mandate is structured under a contract-based electricity market with NBET, functioning as the bulk buyer of power generated and put on the National Grid by the GenCos through a Power Purchase Agreement (PPA).
The payment shortfall by DisCos, known as the Minimum Remittance, was assigned by the NERC through the Minimum Remittance Order, required the 11 DisCos to make 100 per cent remittances to the MO, repay loans to the Central Bank of Nigeria, and remit a stipulated percentage of NBET’s monthly invoices.
Source: The Nation
News
2027: Jonathan’s running mate picked as campaign posters hit internet

The likelihood of former President Goodluck Ebele Jonathan entering the presidential race in 2027 is becoming increasingly apparent, particularly given the recent developments surrounding his potential candidacy.
Reports suggest that Jonathan is discreetly meeting with key political figures across the country, which adds to the anticipation surrounding his possible return to politics. Click link to continue reading.
News
2025: Nigeria Missed Out As Ghana Other Meet Top 10 African Countries With Stable Power Supply Emerge

More questions have been raised over the incompetence of the power sector in the country as Nigeria as many African countries making significant strides in enhancing their power supply stability by investing in modern electricity transmission networks, advanced grid infrastructures, renewable energy sources, and natural gas.
Their diversification prevents disruption in their electricity distribution. Foreign collaboration and smart technology are also some of the positive factors that support these countries’ power sector. …click link for full list here
News
DOLLAR CRUSHED AGAIN: See Dollar to Naira black market exchange rate

The Dollar to Naira exchange rate in the black market continues to highlight Nigeria’s forex supply challenges, with many individuals and businesses relying on the parallel market for transactions.
CBN maintains tighter controls and a lower rate at official windows, limited access and allocation restrictions force most importers, businesses, and students abroad to turn to the parallel market, where prices reflect actual demand and supply pressures. Click link to continue reading.
News
Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 11th September 2025

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?
See the black market Dollar to Naira exchange rate for yesterday 10th September, below. You can swap your dollar for Naira at these rates.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1530 and sell at N1545 yesterday 10th September 2025, according to sources at Bureau De Change (BDC). …CLICK LINK TO CONTINUE READING
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate N1525
Selling Rate N1535
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate N1510
Lowest Rate N1506
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
News
“Nigeria Only Belongs To Hausa and Yoruba” – Fayose Declared; Netizens React

Isaac Fayose, younger brother of former Ekiti State Governor Ayo Fayose, has sparked nationwide controversy after declaring that Nigeria belongs only to the Hausa and Yoruba ethnic groups.
In a viral video making the rounds on social media, Fayose dismissed the long-standing belief that Nigeria’s unity rests on a tripod of Hausa, Igbo, and Yoruba.
He claimed that the Igbos have been marginalized and not counted among the country’s dominant groups.
He stated: “They said Nigeria belongs to Hausa, Igbo, and Yoruba, but that’s a lie… take out that Igbo, stop including them because it’s a lie.”
The remarks have triggered widespread backlash, with many Nigerians accusing him of promoting ethnic hatred and fueling disunity.
Others, however, agreed with his statement, describing it as “an honest truth” about Nigeria’s politics.
Netizens Reactions…
@olaoluwasunnyman reacted: “Honest truth.”
@chefnoka said: “History will never forget you, brother. I’m not Igbo, but I love the way you speak and stand for the truth. We need it to move this nation forward.”
@newbilliy commented: “I’m Yoruba but an Igbo President will make Nigeria great. I love Igbo people and their business mindset.”
@beautyjunctiongh wrote: “God bless you, my brother, for saying the truth.”
@benedictoguama asked: “Where is Jonathan from?”
@daveiyke_donnegro stated: “@isaacfayoseoriginal_ God bless you Sir for speaking the truth. I wish other Nigerians can shun tribalism and unite for the progress of Nigeria. Tribalism us a tool against Nigerians and the unity of Nigeria. Politicians have weaponized tribalism which enables them thrive in continued political and socioeconomic incompetence.”
@realtundr4 added: “I agree with what you said, sir, but look at it, does igbo really have d right candidate? Obi is just chameleon to me he’s not real, neither do they have the leadership experience as our current president @officialasiwajubat, the one and only politician that have ever created more millionaires and successful individual in the whole nation. Make we leave hatred, JAGABAN na baba.”
@wellingtonisgreat commented: “@wellingtonisgreat said: “Nigeria belongs to everybody not hausa, yoruba, igbo, Benin have not been president before let us go? You dey talk anyhow.”
@richeart4u said: “Those that have been president, were they given free or charge? Was there a law that stopped Igbo man from being a president? How do people become a president? Or do you mean Igbo have never been allowed to contest for presidency? Same things goes to women too, why are women not hugely represented in all positions even presidency? No one is stopping anyone from becoming anything, you just have to change your strategy and alignment. You can’t be doing same thing over the years and not get the desired result and still want to stick to that failed pattern to achieve a new result. Igbo people and their candidate must be encompassing. Hausa has been aligning more to Igbo people to get whatever position they wanted and why are they not returning the favour hugely? Align to anyone that can boost your change of winning and be well accommodating and understanding the power of choices and politicking. I might be wrong 0000. Na ma small knowledge I take respond oooo.”
News
TRENDING VIDEO: Health minister collapsed during press conference

Health challenges affect everyone, regardless of their social status or position in society.
These issues can arise unexpectedly and often catch individuals off guard, emphasizing the importance of proactive health measures and proper care.
This reality serves as a crucial lesson for political stakeholders and those in public office.
Elisabet Lann, the new swedish health minister, made a dramatic debut as she collapsed on her first day on the job during a press conference.
As reported by The Straits Times, Lann had joined Prime Minister Ulf Kristersson and other political colleagues at the media briefing on Tuesday, September 9, the same day she was appointed to the role following the sudden resignation of her predecessor.
CNN also noted the scary moment.
Videos, which have gone viral on social media, show Lann swaying while officials are taking questions from reporters.
Following the collapse, Ebba Busch, the deputy prime minister of Sweden, was seen assisting Lann, who was later able to stand and address the media.
Lann told reporters, according to Swedish daily Aftonbladet.
“This wasn’t really a normal Tuesday, and this is what can happen when you have low blood sugar.”
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