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Itel S23+ Itel S23+
Telecoms17 hours ago

Itel S23+ : First Itel with Curved Screen Debuts

By David Alonge Itel has introduced its first ever curved screen smartphone, the Itel S23+. With a stunning 59-degree curved...
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Sophos Excels in MITRE Engenuity ATT&CK Evaluations with 99% Detection Coverage

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Markets

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Nigerian Exchange Limited (NGX) and United Nations Women (UN Women) will partner on the integration of gender bonds and other...
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Cryptocurrency

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Commodities News & Agribusiness

Unmet Oil Production Targets Deny Nigeria N249BN Potential Revenue Unmet Oil Production Targets Deny Nigeria N249BN Potential Revenue
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Leaked Audio: NCC Clears Air on Phone Tracking, Leaking Allegations
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General News

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Travels & Aviations

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Nigeria Earns $369m From Electricity Export Nigeria’s electricity export has earned the country a total of $369.22 million in the last two years, BUSINESS METRICS has gathered. Data obtained from the Central Bank of Nigeria (CBN) showed that while the value of Nigeria’s electricity export was $213.66 million in 2021, it earned $155.56m in 2022. This indicated that foreign consumption of electricity generated in Nigeria crashed by $58.1 million, representing 27% decline. Recall that in August last year, the Managing Director of Transmission Corporation of Nigeria (TCN), Sule Abdulaziz, noted that Nigeria has been exporting electricity, and this provides an avenue to earn more foreign exchange for national development. He said, “Nigeria, through TCN, had been exporting electricity to Niger, Benin, and Togo under a country-to-country arrangement.” However, Nigeria consistently suffered the collapse of its national grid, which further affected electricity output in 2022. It was reported last year that Nigeria’s available power generation capacity fell by 981.8 megawatts between 2015 and August 2022 despite the over N1.51 trillion intervention in the sector by the Federal Government since the former administration of President Muhammadu Buhari came on board in 2015. This came as the national grid collapsed 98 times under the administration of the former President. A document on Power Generation Trend (2013 – August 2022), obtained in Abuja from the Association of Power Generation Companies, the umbrella body of electricity producers, indicated that while available power generation capacity was 6,616.28MW in 2015, it dropped to 5,634.47MW as of August last year. It was also gathered that the total power generation capacity loss for the sector between 2015 and August 2022 rose to N1.76 trillion, as operators and experts decried the sorry state of the industry since it was unbundled in November 2013. Although further analysis of the document showed that the available generation capacity fluctuated between 2015 and 2022, data from the report indicated that the quantum of available generation in Nigeria was not impressive, particularly since 2021. It must be noted that the available generation capacity is different from the average utilised generation, as the latter is constantly lower than the former. In fact, data from the document indicated that Nigeria’s average utilised generation during the review period hovered between 3,600MW and 4,118MW, which were, of course, lower than the least available generation capacity of 5,634.47MW recorded between January and August 2021. The available generation capacities in 2015, 2016, 2017, and 2018 were 6,616.28MW, 7,039.96MW, 6,871.26MW, and 7,506.23MW, respectively. For 2019, 2020, 2021, and 2022 (January – August), the available power generation capacities of electricity producers across the country were 7,381.67MW, 7,792.51MW, 6,336.52MW, and 5,634.47MW, respectively. On the annual capacity payment loss in the sector, the report indicated that in 2015, 2016, 2017, and 2018, the industry’s losses were N214.93 billion, N273.32 billion, N236.47 billion and N264.08 billion, respectively. In 2019, 2020, 2021, and 2022 (January – August), the sector’s annual capacity payment losses were N256.97 billion, N266.10 billion, N159.86 billion, and N88.13 billion, respectively. The above figures, therefore, showed that despite the interventions by the Federal Government in the power sector, estimated at over N1.51 trillion, available generation capacity did not appreciate much, rather, it had been decreasing since 2021.
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Showbiz

Afrobeats on Spotify Exceed 7 Billion Streams in 2023
Showbiz3 months ago

Afrobeats on Spotify Exceed 7 Billion Streams in 2023

So far in 2023, various songs in the afrobeats genre of music have attracted over 7.1 billion streams and played...
Anger, Disappointment as Nigerians React Increase in DSTV, GOTV Subscription Rates By Rosemary Iwuala MultiChoice Nigeria, a satellite TV service provider, has announced an increase in the prices of its DStv and GOtv packages via text message to its subscribers yesterday. Following this announcement, Nigerians have expressed much anger and disappointment over the increase of the DStv, GOtv subscription rates by MultiChoice. According to Multichoice, the new rates for MultiChoice Nigeria’s DStv and GOtv packages will take effect from May 1st, 2023. The Compact+ bouquet was raised to N16,600 from N14,250 monthly, representing 16.5 per cent rise. Subscribers on the Compact bouquet will pay N10,500 as against N9,000 representing a 16.7 per cent surge, while those on the Confam package are to pay N6,200 compared to the previous N5,300, a 17 per cent increase. DStv Yanga subscribers are set to pay N3,500 as against the N2,950, up by 18.6 per cent while Padi bouquets will pay N2,500 compared to N2,150 which is a 16.3 per cent rise. GoTV Supa subscribers will pay N6,400 against N5,500, up 16.4 per cent; Max rose from N4,150 to N4,850 which rose 16.9 per cent; GOtv Joli price rose from N2,800 to N3,300, 17.9 per cent; Jinja rose from N1,900 to N2,250 and GOtv Lite subscription rose from N900 to N1,100, a 22.2 per cent rise. The company in an internal memo said, “Due to the various economic challenges affecting our business operations, we have had to review the price of our packages to continue delighting our customers with great entertainment, anytime and anywhere.” “MultiChoice acknowledges the difficult economic climate and thus kept the increase at the lowest possible point whilst ensuring sustainability and provision of quality services. “At MultiChoice Nigeria, our mission is to deliver value to our customers by making great entertainment accessible. Our key priority is to put our customer’s needs at the heart of everything we do.” However, the company has allowed customers to pay the old rates for 12 months if they pay monthly before the expiration of their subscriptions. Similarly, it grants subscribers, who pay for one year at a go, before the new prices kick in, the opportunity to pay the old tariffs. Nigerians have been expressing their disappointment and dissatisfaction with the increased cost of the service, especially in light of the current economic situation in the country, while others understood the challenges faced by MultiChoice Nigeria and the need to adjust prices. Here are some of the reactions from subscribers due to the increase in prices of its DStv and GOtv packages that was announced yesterday. One subscriber @KujojiAnthony wrote, “@gotv @multichoice U guys are just extorting us in this country. You increased your tariff from 1,900 to 2,400 which we didn’t complain much about. Now you have reduced the channels. No more CH 34 where we watch la liga..No more CH67 for cartoons. What is d increment for?”. Another subscriber @LAKERS_ADELEKE said, “Does it mean @ MULTICHOICE can just come up with charges yearly without getting approval from anywhere, does it mean there were no conditions given to the organization as per the rules of engagement, is Nigeria that weak that MULTICHOICE cannot be checked? “ Also, another subscriber, Mrs. Chidinma Okeke, said, “I am very disappointed with MultiChoice. They have been increasing their subscription rates every year, and it is becoming too much. I might have to consider switching to other service providers.” Anger, Disappointment as Nigerians React Increase in DSTV, GOTV Subscription Rates By Rosemary Iwuala MultiChoice Nigeria, a satellite TV service provider, has announced an increase in the prices of its DStv and GOtv packages via text message to its subscribers yesterday. Following this announcement, Nigerians have expressed much anger and disappointment over the increase of the DStv, GOtv subscription rates by MultiChoice. According to Multichoice, the new rates for MultiChoice Nigeria’s DStv and GOtv packages will take effect from May 1st, 2023. The Compact+ bouquet was raised to N16,600 from N14,250 monthly, representing 16.5 per cent rise. Subscribers on the Compact bouquet will pay N10,500 as against N9,000 representing a 16.7 per cent surge, while those on the Confam package are to pay N6,200 compared to the previous N5,300, a 17 per cent increase. DStv Yanga subscribers are set to pay N3,500 as against the N2,950, up by 18.6 per cent while Padi bouquets will pay N2,500 compared to N2,150 which is a 16.3 per cent rise. GoTV Supa subscribers will pay N6,400 against N5,500, up 16.4 per cent; Max rose from N4,150 to N4,850 which rose 16.9 per cent; GOtv Joli price rose from N2,800 to N3,300, 17.9 per cent; Jinja rose from N1,900 to N2,250 and GOtv Lite subscription rose from N900 to N1,100, a 22.2 per cent rise. The company in an internal memo said, “Due to the various economic challenges affecting our business operations, we have had to review the price of our packages to continue delighting our customers with great entertainment, anytime and anywhere.” “MultiChoice acknowledges the difficult economic climate and thus kept the increase at the lowest possible point whilst ensuring sustainability and provision of quality services. “At MultiChoice Nigeria, our mission is to deliver value to our customers by making great entertainment accessible. Our key priority is to put our customer’s needs at the heart of everything we do.” However, the company has allowed customers to pay the old rates for 12 months if they pay monthly before the expiration of their subscriptions. Similarly, it grants subscribers, who pay for one year at a go, before the new prices kick in, the opportunity to pay the old tariffs. Nigerians have been expressing their disappointment and dissatisfaction with the increased cost of the service, especially in light of the current economic situation in the country, while others understood the challenges faced by MultiChoice Nigeria and the need to adjust prices. Here are some of the reactions from subscribers due to the increase in prices of its DStv and GOtv packages that was announced yesterday. One subscriber @KujojiAnthony wrote, “@gotv @multichoice U guys are just extorting us in this country. You increased your tariff from 1,900 to 2,400 which we didn’t complain much about. Now you have reduced the channels. No more CH 34 where we watch la liga..No more CH67 for cartoons. What is d increment for?”. Another subscriber @LAKERS_ADELEKE said, “Does it mean @ MULTICHOICE can just come up with charges yearly without getting approval from anywhere, does it mean there were no conditions given to the organization as per the rules of engagement, is Nigeria that weak that MULTICHOICE cannot be checked? “ Also, another subscriber, Mrs. Chidinma Okeke, said, “I am very disappointed with MultiChoice. They have been increasing their subscription rates every year, and it is becoming too much. I might have to consider switching to other service providers.”
General5 months ago

Anger, Disappointment as Nigerians React to Increase in DSTV, GOTV Subscription Rates
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Wema Bank Launches ‘Sounds of ALAT’ with N6m Prizes for Winners
Spotify Commits its Creator Equity Fund to Promoting Ghana’s Emerging Artists
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Spotify Invests in Ghana’s Upcoming Artists via Vibrate Space
Anger, Disappointment as Nigerians React Increase in DSTV, GOTV Subscription Rates By Rosemary Iwuala MultiChoice Nigeria, a satellite TV service provider, has announced an increase in the prices of its DStv and GOtv packages via text message to its subscribers yesterday. Following this announcement, Nigerians have expressed much anger and disappointment over the increase of the DStv, GOtv subscription rates by MultiChoice. According to Multichoice, the new rates for MultiChoice Nigeria’s DStv and GOtv packages will take effect from May 1st, 2023. The Compact+ bouquet was raised to N16,600 from N14,250 monthly, representing 16.5 per cent rise. Subscribers on the Compact bouquet will pay N10,500 as against N9,000 representing a 16.7 per cent surge, while those on the Confam package are to pay N6,200 compared to the previous N5,300, a 17 per cent increase. DStv Yanga subscribers are set to pay N3,500 as against the N2,950, up by 18.6 per cent while Padi bouquets will pay N2,500 compared to N2,150 which is a 16.3 per cent rise. GoTV Supa subscribers will pay N6,400 against N5,500, up 16.4 per cent; Max rose from N4,150 to N4,850 which rose 16.9 per cent; GOtv Joli price rose from N2,800 to N3,300, 17.9 per cent; Jinja rose from N1,900 to N2,250 and GOtv Lite subscription rose from N900 to N1,100, a 22.2 per cent rise. The company in an internal memo said, “Due to the various economic challenges affecting our business operations, we have had to review the price of our packages to continue delighting our customers with great entertainment, anytime and anywhere.” “MultiChoice acknowledges the difficult economic climate and thus kept the increase at the lowest possible point whilst ensuring sustainability and provision of quality services. “At MultiChoice Nigeria, our mission is to deliver value to our customers by making great entertainment accessible. Our key priority is to put our customer’s needs at the heart of everything we do.” However, the company has allowed customers to pay the old rates for 12 months if they pay monthly before the expiration of their subscriptions. Similarly, it grants subscribers, who pay for one year at a go, before the new prices kick in, the opportunity to pay the old tariffs. Nigerians have been expressing their disappointment and dissatisfaction with the increased cost of the service, especially in light of the current economic situation in the country, while others understood the challenges faced by MultiChoice Nigeria and the need to adjust prices. Here are some of the reactions from subscribers due to the increase in prices of its DStv and GOtv packages that was announced yesterday. One subscriber @KujojiAnthony wrote, “@gotv @multichoice U guys are just extorting us in this country. You increased your tariff from 1,900 to 2,400 which we didn’t complain much about. Now you have reduced the channels. No more CH 34 where we watch la liga..No more CH67 for cartoons. What is d increment for?”. Another subscriber @LAKERS_ADELEKE said, “Does it mean @ MULTICHOICE can just come up with charges yearly without getting approval from anywhere, does it mean there were no conditions given to the organization as per the rules of engagement, is Nigeria that weak that MULTICHOICE cannot be checked? “ Also, another subscriber, Mrs. Chidinma Okeke, said, “I am very disappointed with MultiChoice. They have been increasing their subscription rates every year, and it is becoming too much. I might have to consider switching to other service providers.”
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Appointments

FArooq Oreagba
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NG Clearing, West Africa’s Premier Central Counterparty, has announced the appointment of Farooq Adedayo Oreagba as its new Managing Director...
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EnterpriseCEO Launches Applications for the Prestigious 100 Under 40 CEO Awards
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