News
Nigerians grumble as ‘selfish DisCos’ quietly hike tariffs without NERC approval
The National Electricity Regulatory Commission has stated that electricity distribution companies require its approval before increasing tariffs.
The spokesperson of the NERC, Usman Abba Arabi, made this disclosure in a chat with The PUNCH correspondent on Tuesday.
There have been media reports that Discos had concluded plans to hike electricity tariffs in the New Year.
Earlier, the NERC spokesperson had noted that the commission had not approved any new electricity tariffs for any of the Discos within the Nigerian electricity supply industry.
“No new electricity tariff has been approved. Nigerians should ignore any news reports about new electricity tariff coming up on the 1st January 2024,” he remarked.
Despite NERC’s clarification that there was no plan to hike tariffs, Nigerians on social media expressed scepticism, saying the Discos might not wait for the commission before rolling out the new tariffs.
Some Nigerians said they had noticed an increase in the amount they pay for electricity lately.
A Facebook user, Inusa Mani, said, “People buying electric units in Kaduna are already purchasing at new rates,” saying “It is either NERC is not on top of things, or they are paying lip service to Nigerians.”
An Ibadan resident with the Facebook name Vito Jean claimed the Ibadan Electricity Distribution Company “has been giving my apartment N15k-N30k per month, a house with one TV, six bulbs, two phones and one laptop”.
Also, Segun Alex said, “There is always no directive (from NERC) before indiscriminately increasing tariffs.”
Asked to react to the fears of Nigerians that the Discos might have carried out the tariff increase without NERC approval, Arabi replied: “DisCos are not allowed to charge any electricity tariff without the approval of NERC.”
When Oluwatosin Ajibade, popularly known as Mr Eazi, tied the knot with Temi Otedola, daughter of billionaire businessman Femi Otedola, many in Nigeria’s elite circles questioned why one of the nation’s most prominent families would give their daughter’s hand to a musician.
But at the couple’s white wedding in Iceland, Africa’s richest man, Aliko Dangote, provided an answer that silenced critics by confirming Mr Eazi as an entrepreneur with businesses across 18 countries on the continent.
Below is a list of Mr Eazi’s businesses, not known to many Nigerians.
1- emPawa Africa – Founded in 2018, emPawa is a talent incubation and music distribution platform that has helped launch stars like Joeboy. It provides mentorship, funding, and resources for up-and-coming artists across Africa.
2- Zagadat Capital – Mr Eazi’s venture capital firm invests in startups in tech, media, and entertainment. Notable investments include:
3- pawaPay – A pan-African mobile payments company.
4- Thrive Agric – an agri-tech startup connecting farmers to investors.
5- BetPawa – A popular online betting platform.
6- Street Banker – A financial inclusion project for underserved communities.
7- Choplife Gaming & Choplife SoundSystem – Expanding beyond music, Eazi launched Choplife Gaming in 2022, a pan-African lottery and gaming company. His Choplife SoundSystem blends music, events, and lifestyle branding into a cultural business model.
Although less publicised, the singer has confirmed investments in real estate projects across Nigeria and Ghana, as well as hospitality ventures linked to his Choplife brand.
Through Zagadat Capital, Eazi also holds stakes in several fintech firms driving financial inclusion across Africa.
Now married into one of Nigeria’s most influential families, Mr Eazi embodies a hybrid lifestyle — blending music, global entrepreneurship, and elite family life.
For him, business has never been secondary.
As Dangote hinted, music may be just the tip of the iceberg. With ventures spread across at least 18 African countries, Eazi is positioning himself not just as a musician, but as one of the continent’s most ambitious entrepreneurs.
And with his marriage to Temi Otedola, many say the couple may just become Africa’s new symbol of power, wealth, and influence.
News
2027 Election: “Tell Tinubu This”, – Primate Ayodele Sends Strong Warning To Tinubu In New Prophecy
Prophet Ayodele has consistently been in the news week in, week out. It is either he is releasing a fresh prophecy that’s gaining traction or a previous prohecy has just come to fulfilment and people are talking about it.
In a statement signed by his media aide, Osho Oluwatosin, Primate Ayodele stated that the present administration is full of wrong advisers who are pushing for irrelevant policies, and making good advisers enemies of the president.
The prophet warned the president against making good advisers his enemies, as it will lead to the end of his government if care isn’t taken.
“Tinubu’s administration is full of wrong advisers; they are turning him against his good advisers, and he will make them his enemies. He is creating enemies, and those whom he thinks love him would be his worst enemies.
“There are lots of irrelevant policies they are using to kill Tinubu’s government; these are policies that will build up massive protests against the government and division. He should do the needful; there are several irrelevant policies already, but the focus ought to be on what will make people happy. “
Primate Ayodele mentioned some things the president should focus on, and they include development and surplus for the people. He stated that road construction is good, but it’s not enough for the people.
He commended the president for his efforts on insecurity but urged him to do more.
“Tinubu should focus on development, on how to create surplus for the people. Road construction is good, but it’s not the only thing people need; he needs to look into other areas.
“On insecurity, he is doing well, but he should do more, activate forest security in order to end kidnapping. He should increase the salaries of national assembly members because it will turn the nation into chaos. He should also eradicate darkness, and not add more tariffs and taxes to basic things in the country.”
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 13th 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 N1520 and sell at N1550 yesterday 13th September 2025, according to sources at Bureau De Change (BDC). …CLICK LINK TO CONTINUE READING
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 11th 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 N1525 and sell at N1550 yesterday 12th September 2025, according to sources at Bureau De Change (BDC). …CLICK LINK TO CONTINUE READING
Amidst swirling rumors surrounding Oseloka Obi, the son of Peter Obi, the Labour Party’s presidential candidate for 2023, a new twist has emerged regarding persistent allegations about his gender identity.
In response to a flurry of speculation, Oseloka has taken a stand against the viral claims connecting him to homosexuality, which were sparked by the circulation of photographs featuring him alongside Kent Okwesa, a British-Nigerian based in London. Click link to continue reading.
“We’ve lost two games in a row, it’s not good enough, it’s way too bad,” he said, speaking to Viaplay in Norway. “We need to figure it out, get back to winning ways.
Pep Guardiola’s side are in the bottom half of the Premier League table heading into the clash having lost back-to-back matches against Tottenham and Brighton before the international break. Click link to continue reading.
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