Business
BEDC Rejects University of Benin’s Request to Move to Band B for Electricity Tariffs
Benin Electricity Distribution Company (BEDC) recently made a definitive decision regarding the University of Benin’s request to change its electricity supply category.
BEDC firmly declined the university’s proposal to transition to Band B, stating that only Band A, characterized by uninterrupted power supply ranging from 20 to 24 hours daily, is available for consideration.
In contrast, Band B offers a slightly reduced but still substantial supply of 16 to 20 hours of electricity per day, while Band C provides a minimum of 12 hours and up to 16 hours daily.
This decision underscores BEDC’s adherence to stringent service standards aimed at ensuring consistent and reliable electricity distribution across its diverse customer base, including educational institutions like the University of Benin.
Aliko Dangote speaks on his lineage and addresses not having a son as he was asked about not having a son to carry his name and achievements.
“That is not my priority because God controls everything. You can pray for God to give you a son, but he might be the one to take down the name of the family.”
Instead, he shared that he does not mind not having a son. “I don’t think a son would have done better than the three daughters I have.”
Aside from that, he was also asked about giving advice to young Nigerians. “Work hard, be consistent, focused and know what you want to do.”
It can be reported that following Aliko Dangote’s investment opportunity, some investment platforms are experiencing huge traffic, causing their platforms to become slow and go down.
Two platforms openly announced their issues. Bamboo said “Hey everyone, we’re getting a much higher than expected traffic trying to get into the Dangote IPO and it’s making it difficult for some users to log into the Bamboo app. We’re working on a fix and it will be up and running shortly.”
Cowrywise also said “We’re currently seeing more traffic than usual on the Cowrywise app. Our team is already on it and working to get things back to normal. Thanks for your patience, everyone.”
Nigerian economist Bismarck Rewane advises Nigerians financially, sharing that Nigerians should engage in the Dangote Refinery initial public offering (IPO). He stated that it was a good investment.
He shared “You are better off with your N5,000 share than selling your PVC for N10,000 or N15,000 and consuming it,” Rewane said.
“If you can get 10 million shareholders to participate in the IPO, the Dangote Refinery will have the largest number of shareholders in the world,” he said.
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