News

Increased Power Generation: BEDC To Partner Embedded Companies

Published

6 years ago

December 17, 2019

Editor

In its bid to improving quantum and quality of power supplied to customers, Benin Electricity Distribution Company (BEDC) PLC, says it is set to engage power generation companies within and outside the country that specialise in embedded generation.

A statement released by Management of BEDC, which was made available to Info Daily, indicates that the partnership is aimed at achieving the company’s aims and objectives.

It states that the measure was aimed at solving the problem of power supply in some of its franchise states as power generation companies are expected to produce power through embedded generation/off national grid to augment shortfall from the Transmission Company of Nigeria (TCN).

The initiative, BEDC argued will permanently improve power supply in such locations within the shortest possible time.

“We implore our customers to note that the power sector improvement process is a journey and not a race and that with your collective support by prompt payment of bills and honoring of your obligations, we will all get to our desired destination faster, while all participants shall benefit from better power supply,” the statement reads.

The statement therefore states that companies willing to build, operate and evacuate power lines at 11KV or 33KV from their facilities to BEDC’s designated take-off points are the categories of firms the partnership is open to.

“The point of take-off shall be at 33KV or at 11KV voltage level, while the substation up to grid shall be required to be maintained by the respective party i.e. up to the 3KV or 11KV feeder (from power plant to linking point of BEDC network)”.

“This invitation is open to existing generation companies within BEDC’s franchise areas and those operators with genuine intention to site their generating facilities within our franchise area which covers Delta, Edo, Ekiti and Ondo states in Nigeria” the management asserted”, the statement reads in part.

For the purpose of Expression of Interest (EoI), the Power Distribution Company divided the sites lots into: Asaba as Lot A, while Warri and Benin as Lots B and C respectively. Akure is categorised under Lot D, Okitipupa in the same Ondo State as Lot E, while Ado Ekiti is lot F.

The statement added that each stated Lot location would be parceled into sub- areas under the Lot, stressing that interest of expression and bid will be based on these sub areas.

Among the preliminary requirements listed by BEDC for submitting the proposal are that the minimum capacity of power generation shall not be less than 5megawatts (MW) and that the minimum power availability from the plant shall be above 90 per cent.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

44 minutes 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

1 hour 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

3 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.