BEDC Spends N11bn to Purchase Energy from NBET Monthly, Says MD   The Managing Director/Chief Executive Officer, Benin Electricity Distribution Company (BEDC), Deolu Ijose, has revealed that the company needs the cooperation of electricity consumers in its franchise states to meet...

World Bank Loan Of $800m To Be Repaid Over 25 Years By FG   The $800m loan approved by the World Bank as a subsidy palliative is expected to be repaid by the new administration after President Muhammadu Buhari regime. The Minister...

FG to Approve N498m for Luggage Scanners at Railway Stations   The Federal Government has approved the procurement and installation of luggage scanners in all railway stations in Abuja, Kaduna and Kano. They include eight colour-imaging Xray scanners, eight body scanners and...

Market Closes Flat After Bearish Trend   The Nigerian Exchange Limited closed flat on Wednesday following days of bearish trading. At the end of the trading, the All-Share index settled at 51,953.41 points. Consequently, year-to-date returns came in at 1.37 per cent...

FG Approves N23bn for Maintenance of Third Mainland Bridge, Others   The Federal Government has approved the sum of N23.33bn for surface maintenance of the Third Mainland Bridge, Lagos State, as well as the augmentation of the contract sum for the...

NGX Slams N11.7m Fine On Four Companies Over Default Filings   For failing to file their financial statement after the regulatory due date, the Nigerian Exchange Limited (NGX) has fined about four companies listed on its main board. According to the Exchange’s...