News

BEDC Debunks Rumour, Says No Free Electricity Yet

Published

6 years ago

May 11, 2020

Editor

The management of Benin Electricity Distribution Company (BEDC) PLC, has debunked the speculation making the round that the proposed 2 months free electricity supply for all Nigerians has taken effect.

The National Assembly, with a view to cushion the effect of the COVID-19 lockdown in the nation had proposed 2 mouths free electricity for Nigerians.

However, reacting to the insinuation that the proposed 2 months free electricity has become effective, the management of BEDC noted that the proposal is yet to be implemented, and as such customers should continue to pay their bills.

BEDC management, further reacting to the development that some customers in part of its coverage states of Delta, Edo, Ekiti, and Ondo states were engaging the services of electricians to reconnect after being disconnected for non-payment of electricity bills on the excuse that Federal Government has promised free electricity, stated that no decision has been taken by the Federal Government on the proposal.

The managment added that nobody is even sure of the date of implementation, stressing that electricity supply to customers presently is not free.

BEDC pointed out that prepaid customers need to vend energy token to avoid service disruption when they run out of energy units, while postpaid customers need to settle outstanding bills to avoid disconnection.

“This is so because if the free electricity palliative measure is approved, it will not cover the past bills. Customers are therefore advised to manage their energy consumption at this critical period to avoid accumulating huge bills that may be difficult to pay in the event that the measure is eventually not approved,” BEDC said further.

While stating that it completely aligns with the plans to ensure palliative measures including free electricity supply, BEDC management pointed out that it was in view of the need to ease the hardship that it has increased significantly power availability to several customers in some locations across its franchise states, as it has suspended the rotational load management schedule for power supply.

The distribution company assured customers that it shall continue to provide quality service across its touch points and improve availability of electricity supply to alleviate the hardship faced by customers during the coronavirus pandemic period.

BEDC management therefore appealed to customers to continue to pay their bills as the status quo remains pending further directive on the proposed free electricity proposal.

It warned that anybody caught in the act of illegal reconnection will be arrested and prosecuted in line with existing electricity regulations.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

3 hours ago

May 6, 2026

Editor

Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

He has been a regular feature for Lazio this season.

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

3 hours ago

May 6, 2026

Editor

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

“This contradiction will no longer be tolerated,” the statement said.

News

N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

Published

5 hours ago

May 6, 2026

Editor

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.