General News
30% Rating: Power Improvement in Nigeria Still Elusive- NOIPolls

Power poll results released by NOIPolls Limited for the second quarter of 2015 have revealed that Nigerians have rarely seen improvement in power supply even in the face of power reformation programmes; as only an average of 36.4 percent of Nigerian households attested to seeing improvement in power supply over a 30 month period.
This finding is in no doubt influenced by the challenges faced from the generation, transmission and distribution end of the power sector.
More findings revealed that the power sector has been characterized by an erratic supply of power as there has been no clear consistency in the state of power over this period, with months of slight improvements as well as most often, months with no visible improvement.
For instance there has been a consistent decline in the proportion of Nigerians who saw improvement from January 2015 (32percent) to May 2015 (17 percent); however an upward movement was recorded in June 2015, as 44 percent of Nigerians attested to seeing improvement in power supply; thus representing a significant increase of 27-points from May to June 2015.
Moreover, nationwide quarterly averages revealed that Q2 2015 recorded the worst power rating, while Q3 of 2014 recorded the best power rating so far at 45 percent.
In a general view of power tracking by geo-political zones over a 30 month period, the larger proportion of Nigerian households across all geopolitical zones have generally seen no improvement in power supply.
In line with this, the South-West zone recorded the lowest overall average power improvement rating at 32 percent over the period in view, thus indicating that this zone is the worst hit zone in terms of poor power supply.
On the other hand, the South-East zone seemed to have enjoyed relatively the best power supply with an overall average of 41 percent.
And, while NOIPolls continues to provide valuable data on the power sector from the consumer end through its ‘Monthly Power Tracking’, it becomes more critical for all other stakeholders to also conduct consistent step by step evaluations of strategies, transformation and intervention programmes developed to revive the power sector; especially from the generation and transmission end in order to identify gaps, while developing long term strategies that will transform the entire power sector.
Giving a background to the power situation in the country, NOIPolls Limited said that going as far back as 1999, Nigeria had 79 generation units out of which only 19 were operational and the average daily generation and distribution was down to 1,750 MW.
No new electric power infrastructure was constructed between 1989 – 1999, during that ten year period there was a lack of development which further aided in pushing the sector into the abyss of rot and decay.
The Federal Government in 2005 embarked on a sector reform through privatization to ensure adequate and equitable generation and distribution of electricity while also setting up a commission to serve as the regulatory body overseeing the sector.
This was done to ensure fair pricing and sufficient generation, transmission and distribution of electricity across board.
Sadly despite the successful unbundling of NEPA and the sale of its assets to private investors as generating, transmissions and distribution companies, the situation of power keeps retrogressing as Nigerians are still experiencing major power black outs with an average maximum of 7.1 hours per day
With the aim of monitoring the progress made so far in the power sector reforms in Nigeria, NOIPolls introduced the Power Polls in 2013 to explore the perception of Nigerians towards the power sector reforms.
The polls were conducted monthly to explore the amount of power supply received daily and expenditure on power supply, as well as the state of power supply to households and its effect to consumers especially in the use of alternative sources of power and it financial implications.
In conducting the power polls, respondents were asked 5 specific questions every month; one of these questions would be discussed in this release.
The result presented is a 30-Month tracking of power supply to households from the consumer end. For full report, please contact NOIPolls on [email protected]
Key Findings
Month on Month Consumers’ Description of the State of Power Supply to Their Households
For every month respondents were asked to rate the current state of power supply to their households.
This question is critical in assessing the state of the Nigerian power sector from the consumer end, even in the face of reformation in the Nigerian power sector.
Findings revealed that overall Nigerians have rarely seen improvement in power supply as only an average of 36.4 percent attested to seeing improvement in power supply over a 30-month period.
This figure represents only about one third of the entire adult population who have seen improvement.
A closer view at the month on month record of the state of power within the period in view, revealed an erratic situation in the supply of power as there has been no clear consistency in the state of power to households.
For instance just when more than half celebrated seeing improvements in August (51 percent) and September (52 percent) 2014 (which also represented the best power rating since January 2013), the reverse was the case for the proceeding month (October 2014; 36 percent) with a huge dip of 16-points in the proportion of households that saw improvement in October 2014.
Similarly, there has been a consistent decline in the proportion of Nigerians who saw improvement from January to May 2015; although in June 2015, there was a major jump as 44 percent of Nigerians attested to seeing improvement in power supply to their households over the past one month; thus representing a significant increase of 27-points from May 2015.
The monthly tracking of state of power supply to households, also presents the proportion of Nigerians who have seen no improvement in power supply over a 30 month period and findings revealed that an average of 63.6 percent of Nigerians have seen no improvement in power supply.
Moreover the months of April (80 percent) and May (83 percent) 2015 recorded the worst power rating so far since NOIPolls commenced tracking power improvements.
Overall Power Tracking By Geo-Political Zones Over 30 Months
Power tracking by geo-political zones over a 30 month period also revealed that the larger proportion of Nigerian households across all geopolitical zones have generally seen no improvement in power supply.
Although, the South-West zone recorded the lowest overall average power rating at 32 percent over the period in view, thus indicating that this zone is the worst hit zone in terms of poor power supply, the South-East zone seemed to have enjoyed relatively the best power supply with an overall average of 41 percent, among other findings.
General News
Conoil Bonanza Winners Emerge

Conoil Plc is spreading joy this Valentine season as the first group of winners in its Valentine Bonanza promotion have been announced and rewarded. Launched on February 14, the campaign continues to delight customers at participating retail outlets.

The initial raffle draw, conducted on February 21, saw fortunate customers receive ₦10,000 worth of free petrol each. The draw was carried out publicly, with media representatives present to ensure full transparency. With the promotion still ongoing, more customers have the opportunity to join in and potentially be among the next winners.
A Conoil Management spokesperson explained that the initiative is a way to show appreciation to loyal customers for their ongoing support. “Our customers have responded impressively to the bonanza, with strong participation recorded across our stations,” the spokesperson said.
The second and final phase of the promotion is now in motion. Customers who purchase at least 10 litres of petrol at any participating Conoil station remain eligible to win in the grand finale raffle.
The grand finale is set for February 28 at 12 noon. Motorists in Lagos and Ogun states are encouraged to visit Conoil outlets to collect their tickets and take part in the exciting conclusion of this Valentine celebration.
General News
PalmPay Couples Show How Love Is Funded Digitally

PalmPay users took to the #LoveWithPalmPay campaign to show how experiences are powered through seamless banking.

It’s the month of love and social media has been filled with couples showing affection with gifts. As digital payments become embedded in everyday life, the way relationships are planned, funded, and experienced is evolving.
Recent insights from SBM Intelligence 2025 ‘Love in the Air’ report show that despite economic pressures, most Nigerians still set aside dedicated budgets for Valentine’s Day, with the largest percentage planning to spend between N51,000 and N100,000, while less than 5% are willing to spend above N500,000.
This growing intentionality highlights the need for platforms that help people manage their money more effectively, offering features like free transfers and tools that make it easier to send, track, and preserve funds while still showing up for meaningful moments.
Through the #LoveWithPalmPay campaign, PalmPay set out to show how the platform is enabling users to plan, pay, and celebrate meaningful moments with greater ease.
During the Valentine’s season, PalmPay invited couples across Nigeria to share their stories through the #LoveWithPalmPay campaign, celebrating how digital banking supports their individual expressions of love.
The campaign saw strong participation, with many PalmPay couples submitting entries that showcased how they use the app to plan surprises, pay for outings, and stay connected through everyday transactions.
From these entries, four couples were selected, each showcasing how PalmPay has enabled fast and reliable transactions in key moments.
One video from @simply.omotoshan, one of the selected couples, captures the role of seamless payments in making their spontaneous moments possible.
She said in her entry video: “Our cutest money moment with PalmPay was when we planned our Valentine’s picnic and realized we had forgotten half of the things we needed; literally, half of everything. We rushed to the mall to get cakes, food, decorations, and all the essentials. When it was time to pay, we used PalmPay.
“The transaction was smooth, fast, and stress-free. In no time, we were done setting up our Valentine-themed picnic with everything perfectly ready. Honestly, all our experiences with PalmPay have been easy and satisfying, but this one is definitely our cutest money moment. Thank you, PalmPay.”
A testimonial from the fourth selected couple, Mohammed and his wife, reflects his excitement: “Hello PalmPay, thank you so much for selecting us as one of the winners of the #LoveWithPalmPay campaign. We truly appreciate this. My wife and I are very grateful. Thank you, PalmPay, for the love and support. We’re so happy and thankful for the N100,000 reward. We love you, PalmPay, and long live PalmPay. Thank you so much.”
Beyond the feel-good stories, the campaign reflects a broader shift: fintech is no longer just about transactions, it’s about enabling experiences. Reliable payments, fast transactions, and accessible financial tools reduce the friction that can disrupt important moments, allowing users to focus on connection rather than logistics.
From paying for dinner to managing other expenses, PalmPay continues to demonstrate how digital financial services support modern relationships, proving that in today’s economy, love is not only felt, it’s funded digitally.
General News
KPMG Strengthens Africa Leadership to Support Long‑term Growth Across the Continent

KPMG has appointed Tola Adeyemi as Chief Executive Officer for KPMG one Africa, alongside the addition of Professor Olayinka David‑West and Dr. George Njenga as independent members of the Africa Governance Council (AGC).

Effective from March 2026, the appointments reinforce the firm’s leadership expertise, underscore a long‑term commitment to Africa and highlight confidence in the continent’s growth potential.
“Africa is one of the most dynamic and promising regions in the global economy, and KPMG is committed to playing a meaningful role in its growth story,” said Tola Adeyemi, incoming CEO for KPMG One Africa.
He continued: “It is a privilege to step into this role at such a pivotal moment for both KPMG and the continent. I look forward to building on our strong, connected and high‑performing base to deepen collaboration and deliver consistent quality and impact across our markets.”
KPMG is recognised globally for its commitment to quality, integrity and professional excellence, supported by a strong global network of member firms. Trust remains the foundation of the audit and accounting profession, with high standards of governance, ethics and audit quality increasingly demanded across Africa’s public and private sectors.
KPMG One Africa’s approach brings the continent closer together with strong leadership to strengthen cross-border collaboration and offer shared expertise and consistency which is business‑critical to help clients navigate complex risks and unlock sustainable growth opportunities.
Commenting on the appointment, Professor Ben Marx, Chairman of the Africa Governance Council, said: “Tola Adeyemi is exceptionally well positioned to lead KPMG One Africa. In addition to his global perspective as a member of the KPMG Global Council, he brings significant influence and credibility as a respected business leader across the continent.”
The appointments of Professor David‑West and Dr Njenga to the Africa Governance Council, which provides board level governance, further strengthens independent oversight, bringing strong academic credentials alongside deep strategic and business expertise.
“These appointments reinforce KPMG’s commitment to strong governance, accountability and leadership depth,” Marx added. “They complement our established African leadership team, in‑country managing partners and regional senior partners, further enhancing our client‑centric approach across Africa.”
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