January 2023

Naira loses against dollar by 0.09%

The naira on Wednesday exchanged at 461.90 to the dollar at the Investors and Exporters window. The figure represented a decrease of 0.09 per cent, compared with the 461.50 it exchanged on Tuesday. The open indicative rate closed at N460.25…

ISB aims to inspire confidence — Lawmaker

By Philemon Adedeji The provisions of the Investments and Securities Bill recently passed by the House of Representatives is expected to inspire confidence of both local and foreign investors as they can be assured that the regulators have been sufficiently…

BEDC bans staff from collecting cash from customers

Benin Electricity Distribution Company (BEDC) has banned its staffers from collecting cash from customers in its franchise states of Edo, Delta Ondo and Ekiti. Managing Director of BEDC, Dr Henry Ajagbawa, announced the ban during a meeting with billing and…